"Hyderabad Industries Limited (HIL) is a flagship Company of the C.K. Birla Group of Companies. Incorporated on 17th June 1946, we are one of the oldest fibre cement roof manufacturing companies in India. The Company has developed brands that have stood the test of time and created a legacy of market leadership. The Company sheeting brand "Charminar" built over a period of 60 years based on affordability, quality, strength and durability, continues to enjoy the confidence of customers. The Company extensive sales and distribution network spread across the country, with a representation in all the states, is a result of their continued efforts to extend the network and ensure availability of products even in remote rural areas."
"Currently a major trend that is sweeping the building products industry is the "Green" factor. They anticipated this Green revolution a decade ago, and their mature product lines of Aerocon and Hysil stand testimony to that fact. There is a growing segment of building products consumers who are environmentally conscious. HIL is run by a team of dedicated professionals and has grown into an organisation occupying an eminent position in the building material industry of India. HIL is backed by the organizational and technical expertise of the Birlas and has a Board of directors comprising experienced personnel from Business, Finance and Industry."
"Hyderabad Industries Ltd disclosed results for the quarter ended Dec 2011. Net sales for the quarter moved up 15% to Rs.1943.10 million as compared to Rs.1693.30 million during the corresponding quarter last year. During the quarter, the company has reported Net Profit increased to Rs.101.60 million from Rs.63.70 million in previous year same quarter. The Basic EPS of the company stood at Rs.13.56 for the quarter ended Dec 2011."
"At the current market price of Rs.335.00, the stock is trading at 4.42 x FY12E and 4.02 x FY13E respectively. Price to Book Value of the stock is expected to be at 0.72 x and 0.61 x respectively for FY12E and FY13E. Earning per share (EPS) of the company for the earnings for FY12E and FY13E is seen at Rs.75.88 and Rs.83.42 respectively. Net Sales of the company is expected to grow at a CAGR of 8% over 2010 to 2013E respectively. During the quarter, the company has reported Net Profit increased to Rs.101.60 million from Rs.63.70 million in previous year same quarter. On the basis of EV/EBITDA, the stock trades at 2.34 x for FY12E and 2.14 x for FY13E. We expect that the company will keep its growth story in the coming quarters also. We recommend 'BUY' in this particular scrip with a target price of Rs 382 for medium to long term investment," says Firstcall Research report.
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