Makes friction materials including brake linings, brake pads, clutch facings and discs for the automotive, railway and industrial sectors from plants at Paithan and Bhandara in Maharashtra. This Composite Products business accounted for 84% of FY26 segment revenue. The board has approved selling the entire Friction Business Undertaking to Rane (Madras) Limited on a slump sale basis for Rs 370 crore cash, pending shareholder approval via postal ballot and expected to close by 30 September 2026. After the sale, the continuing business consists of an Investment segment at 10.6% of FY26 segment revenue and a Commodity Trading segment at 5.4%. Materials are the largest cost at 42% of revenue, followed by other operating expenses at 25.1%, employee costs at 12.5%, depreciation at 3.2% and capex at 5.9% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Composite Products (84%), Investment (11%), Trading in Commodity (5%). Auto components manufacturer exiting its main friction business via slump sale
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 233 | 283 | 298 | 325 | 375 |
| EBITDA (ex other income) | 33 | 41 | 51 | 46 | 53 |
| margin % | 14.2 | 14.4 | 17.2 | 14.2 | 14.0 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 14.63 | 18.60 | 23.30 | 23.70 | 21.06 |
| ROE % · ROCE % | 2.4 · 2.6 | 3.0 · 3.4 | 3.5 · 4.1 | 3.2 · 3.9 | 2.7 · 3.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 5 | 16 | 40 | 30 | 21 |
| Capex | (7) | (7) | (36) | (21) | (22) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 77 | 82 | 89 | 87 | 89 | 95 | 105 | 20 |
| Profit before tax | 10 | 14 | 10 | 11 | 8 | 9 | 14 | 2 |
| Net profit | 9 | 11 | 6 | 7 | 5 | 7 | 12 | 9 |
| EPS (₹) | 6.29 | 7.43 | 4.11 | 5.05 | 3.58 | 4.52 | 7.92 | 5.88 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Composite Products | 315 | 84.0 |
| Investment | 40 | 10.6 |
| Trading in Commodity | 20 | 5.4 |
| Total, before eliminations | 375 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · 62nd AGM Notice, Dividend of Rs. 2 per Share Declared | compliance | minimal | — | — |
| 3 Sept 2026 · Newspaper ad published for 62nd AGM notice with e-voting details | compliance | minimal | — | — |
| 2 Sept 2026 · Record Date Fixed for Dividend Eligibility | corporate actions | medium | — | — |
| 2 Sept 2026 · 62nd AGM notice and FY2025-26 annual report with Rs 2 final dividend | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 62nd AGM on 29 Sep 2026; final dividend of Rs 2 per share proposed | board shareholder meetings | medium | — | — |
| 25 Aug 2026 · Notice of 62nd AGM on September 29, 2026 via video conferencing | compliance | minimal | — | — |
| 20 Aug 2026 · Slump sale of Friction Business to Rane Madras completed; MD resigns | management changes | high | — | — |
| 20 Aug 2026 · Friction Business slump sale completed; MD steps down | management changes | high | — | — |
| 20 Aug 2026 · Hindustan Composites completes Friction Business sale to Rane Madras | management changes | high | — | — |
| 11 Aug 2026 · Members approve sale of Friction Business to Rane (Madras) for INR 370 Cr | strategic transactions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| BOSCH LIMITED |
| 1,42,736 |
| 60.4 |
| 9.61 |
| 35.1 |
| 18.7 |
| 24.1 |
| 15.6 |
| 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.1 | 26.7 | 34 of 123 | 73% |
| P/B | 0.5 | 3.5 | 3 of 116 | 98% |
| ROCE | 3.4 | 12.6 | 105 of 125 | 16% |
| ROE | 2.7 | 11.6 | 101 of 119 | 15% |
| Debt / Equity | 0.0 | 0.3 | 3 of 119 | 83% |
| EBITDA margin | 12.7 | 12.2 | 56 of 118 | 53% |
| Revenue growth | (77.0) | 20.2 | 113 of 113 | 0% |
| Profit growth | 16.4 | 24.4 | 62 of 115 | 47% |
| Market cap | 554 | 1542 | 80 of 125 | 36% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
