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HFRD – Hindustan Composites Ltd

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

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Company Profile

Hindustan Composites Limited is an India-based company that is engaged in the business of manufacturing and marketing fiber-based friction materials. The Company operates through two segments: Composite Products and Investment. The Company’s friction materials include brake linings, clutch facings, ceramic buttons, disc brake pads, roll linings, brake blocks, friction sheets and industrial roll linings. Its industrial thrust bearing and insulation products include millboard sheets, millboard discs and compestos. The Company’s range of products are suitable for several general and specialized applications. The Company is catering to the diversified needs of core sector industries, such as automotive, railways, engineering, mining, aerospace, steel, chemical, oil exploration and others. The Company also through its investment activities invests in various equity instruments, government securities, debentures, and bonds.

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