Himatsingka Seide Ltd

Himatsing. Seide Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Himatsingka Seide Ltd

₹ 205 -5.27%
20 Dec - close price
himatsingka.com BSE: 514043 NSE: HIMATSEIDE
About

Himatsingka Seide Ltd. is a vertically integrated global textile major that designs, develops, manufactures and distributes a suite of home textile products. It has installed capacities for manufacturing bedding and bath products, drapery and upholstery fabrics, and fine-count cotton yarn which are among the largest in the world.

Company produces home textiles for over 12 global brands, licensed and owned. It owns exclusive license rights of global iconic brands like Calvin Klein, Tommy Hilfiger, Kate Spade, Royal Velvet, Barbara Berry and Waverly. [1]

It also entered into a licensing agreement with The Walt Disney company to manufacture and distribute a broad range of home textile products inspired by archives and characters from all its franchisee including Disney, Marvel, Pixar and Lucas to increase its presence in the European region. [2]

Key Points

Business[1]
Himatsingka is a vertically integrated global textile major that designs, develops, manufactures and distributes textile products. With 4 manufacturing facilities,its installed capacities for Bedding Products, Bath Products and Cotton Yarn Products are amongst the largest in the world.

Website BSE NSE
  • Market Cap ₹ 2,583 Cr.
  • Current Price ₹ 205
  • High / Low ₹ 232 / 114
  • Stock P/E 29.1
  • Book Value ₹ 184
  • Dividend Yield 0.12 %
  • ROCE 9.52 %
  • ROE 7.28 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 1.11 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -10.3%
  • The company has delivered a poor sales growth of 7.87% over past five years.
  • Company has a low return on equity of 4.64% over last 3 years.
  • Company has high debtors of 225 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
692 723 750 504 442 548 559 630 640 647 632 616 568
566 609 663 481 434 470 461 506 525 513 510 493 463
Operating Profit 125 114 87 22 7 78 98 124 115 133 122 123 105
OPM % 18% 16% 12% 4% 2% 14% 18% 20% 18% 21% 19% 20% 19%
3 2 10 41 26 15 2 4 16 0 6 2 8
Interest 33 39 42 60 58 61 37 54 58 60 70 68 68
Depreciation 29 29 29 29 30 30 29 29 29 29 29 29 29
Profit before tax 67 48 26 -25 -54 2 35 45 44 45 30 29 16
Tax % 23% 35% 49% -16% -42% 43% 39% 34% 31% 31% 19% 31% 17%
52 31 13 -21 -31 1 21 30 30 31 24 20 13
EPS in Rs 5.27 3.16 1.33 -2.17 -3.19 0.14 2.16 3.05 3.07 3.14 2.47 2.06 1.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
714 984 948 1,022 1,398 1,617 1,745 1,601 1,682 2,859 2,053 2,549 2,463
606 844 795 780 1,085 1,232 1,266 1,215 1,367 2,393 1,837 2,040 1,979
Operating Profit 108 140 153 242 313 384 479 386 315 466 215 509 484
OPM % 15% 14% 16% 24% 22% 24% 27% 24% 19% 16% 10% 20% 20%
17 13 37 42 39 33 67 76 27 18 75 12 16
Interest 37 47 46 61 65 72 111 152 151 147 215 241 265
Depreciation 46 46 35 38 43 56 85 91 109 114 118 116 115
Profit before tax 42 59 109 186 245 289 350 218 81 224 -42 164 120
Tax % 0% -0% 0% 25% 28% 26% 32% 33% 34% 31% -29% 30%
42 59 109 140 177 215 236 147 54 154 -30 115 89
EPS in Rs 4.30 5.98 11.11 14.18 17.96 21.83 23.97 14.89 5.46 15.67 -3.07 11.72 9.01
Dividend Payout % 23% 25% 18% 18% 14% 11% 21% 3% 9% 3% 0% 2%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: 8%
5 Years: -12%
3 Years: 33%
TTM: 7%
Stock Price CAGR
10 Years: 9%
5 Years: 11%
3 Years: -2%
1 Year: 20%
Return on Equity
10 Years: 10%
5 Years: 5%
3 Years: 5%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 49 49 49 49 49 49 49 49 49 49 49 49 49
Reserves 503 550 635 837 1,017 1,171 1,396 1,440 1,510 1,661 1,618 1,736 1,767
464 443 500 750 1,166 1,886 2,333 2,478 2,327 2,642 2,610 2,750 2,751
161 231 186 181 283 556 823 889 1,125 1,191 1,085 1,317 1,387
Total Liabilities 1,177 1,273 1,371 1,818 2,516 3,662 4,601 4,857 5,011 5,543 5,362 5,852 5,954
407 368 345 542 804 1,735 1,722 2,354 2,419 2,437 2,329 2,224 2,177
CWIP 6 9 36 28 99 28 634 172 142 44 30 32 22
Investments 352 358 395 294 230 425 600 588 889 969 966 975 996
413 537 594 953 1,383 1,474 1,646 1,743 1,562 2,093 2,038 2,621 2,759
Total Assets 1,177 1,273 1,371 1,818 2,516 3,662 4,601 4,857 5,011 5,543 5,362 5,852 5,954

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
115 103 198 86 75 83 539 295 369 39 191 234
-71 -18 -193 -72 -476 -607 -749 -265 -35 -142 2 -135
-32 -88 -6 81 332 568 285 -151 -297 148 -252 -121
Net Cash Flow 12 -4 -1 96 -69 44 75 -121 37 46 -59 -22

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37 39 23 70 89 86 94 113 144 121 227 225
Inventory Days 129 118 100 114 116 135 187 238 144 94 71 119
Days Payable 117 113 72 67 62 83 147 180 234 148 193 240
Cash Conversion Cycle 49 44 51 117 143 137 135 171 54 67 104 104
Working Capital Days 23 21 1 102 146 150 105 138 135 134 202 207
ROCE % 7% 10% 13% 17% 16% 14% 13% 10% 6% 9% 4% 10%

Shareholding Pattern

Numbers in percentages

7 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
47.57% 47.57% 47.57% 47.57% 47.57% 47.57% 47.57% 47.57% 47.57% 47.57% 47.57% 37.24%
4.06% 3.15% 2.65% 2.44% 2.20% 2.69% 3.91% 4.03% 3.99% 3.75% 3.32% 13.79%
10.70% 9.53% 9.08% 7.44% 5.12% 2.42% 1.24% 1.05% 0.99% 0.99% 0.41% 11.18%
37.68% 39.75% 40.71% 42.57% 45.13% 47.32% 47.31% 47.36% 47.45% 47.70% 48.69% 37.76%
No. of Shareholders 45,93250,77051,01051,40550,30749,39246,19852,80652,94552,64356,04355,003

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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