Please refer to important disclosures at the end of this report
1
Hawkins Cookers Limited (Hawkins) is engaged in the manufacture, trading and
sale of kitchenware. The Company's products include pressure cookers and
cookware.
W
ith the increase in top line due to strong brand positioning,
innovation and new product launches all were favorably received by the market.
It is expected that the consumer expenditure will further increase as the econom
y
revives which will further help in strengthen its already strong balance sheet &
financial ratios, and growth will be visible in the company’s top line and bottom
line. Since FY12, the company Cash Flow from Operations stayed positive which
implies that the company is able to generate sufficient cash flows for its future
capex requirements and it is expected to remain positive going forward as well.
The company has been maintaining high dividend payout ratio, above 70%
[Current Div. Yield: 2.1%] and the Net debt to equity of last 3 years ranges
between 0.3x to - 0.7x which indicates that company’s strong financial position.
The company has reported a healthy return on equity (ROE) of 65.62% for the
last 3 years. Hence Buy.
BUY
CMP `2,852
Stock Info
Sector
Beta
Bloomberg Code
Shareholding Pattern (%)
Promoters 56.0
MF / Banks / Indian Fls 12.2
FII / NRIs / OCBs 0.3
Indian Public / Others 31.5
Abs. (%) 3m 1yr 3yr
Sensex 10.9 19.7 34.8
Hawkins Cooker 9.7 12.3 51.9
.
52 Week High / Low 3610/2475
Avg. Daily Volume 1,508
Consumer Durables
Market Cap (
`
cr) 1,509
10
BSE Sensex 29,398
Nifty 9,085
Face Value (
`
)
Reuters Code HWKN.BO
HAWK@IN
0.6
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Hawkins Cooker
Others | Consumer Durables
March 17, 2017
Hawkins Cooker | Consumer Durables
March 17, 2017
2
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
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offering of securities of the company covered by Analyst during the past twelve months.
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Disclosure of Interest Statement Hawkins Cooker
1. Financial interest of research analyst or Angel or his Associate or his relative No
2. Ownership of 1% or more of the stock by research analyst or Angel or associates or relatives No
3. Served as an officer, director or employee of the company covered under Research No
4. Broking relationship with company covered under Research No
Ratings (Based on expected returns Buy (> 15%) Accumulate (5% to 15%) Neutral (-5 to 5%)
over 12 months investment
p
eriod
)
: Reduce
(
-5% to -15%
)
Sell
(
< -15