Unhindered Returns: How Hindustan Composites Surged With 7376% Returns

An investment of ₹1 Lakh in Hindustan Composites Ltd. in November 2022 would have yielded returns of ₹73,76,250 and dividends of ₹7,75,000 in just 20 years. Investors enjoy fruitful returns of 7376% on this multibagger. Let us take a closer look at the company.

⚙️ Stock Name: Hindustan Composites Ltd.
⚙️ NSE: $HINDCOMPOS

⭐ About The Company
Hindustan Composites was incorporated on July 1, 1964. It was jointly promoted by Turner and Newall, Manchester which is a subsidiary of Turner and Newall. It is currently led by Raghu Modi, the chairman and promoter with over 5 decades of industry experience.

⚒️ What Does It Do
Hindustan Composites is a pioneer in the development, manufacturing and marketing of Asbestos, industrial products and friction material for the last 45 years.

It caters to sectors like:
🚅 Railways
✈️ Aerospace
🌱 Fertiliser
⚛️ Atomic Energy

🌍 Global Presence
The company is present in more than 25 countries. It operates in Latin America, Greece, the Middle East and Southeast Asia. The export turnover of the company is $2 Million.

⚒️ R&D
The company believes in ‘investment for the future’ which has led to continuous upgradation of its R&D facilities. The company’s R&D centre has been accorded recognition by the Department of Science and Technology by the Government of India.

💰 Stock Value
On November 22, 2002, the shares of the company were trading at ₹4, while they were priced at ₹299.05 as of November 21, 2022.