CRISIL Research has assigned a CRISIL IER fundamental grade of ‘4/5’ to HSIL. The grade indicates that the company’s fundamentals are ‘superior’ relative to other listed equity securities in India. The credit rating agency has also assigned a valuation grade of ‘5/5’, indicating that market price has ‘strong upside’ from the current levels.
The assigned fundamental grade takes into account HSIL’s strong competitive position in sanitaryware and container glass businesses. The grade factors in strong growth prospects of the domestic sanitaryware industry, driven by housing supply and improvement in sanitation levels in India.
However, the grade is constrained by the significant dependence of the sanitaryware industry on the performance of the real estate market in India, which typically shadows the market conditions.
HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.
Company Name | CMP |
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Uflex | 460.00 |
AGI Greenpac | 821.60 |
TCPL Packaging | 2082.60 |
Oricon Enterprises | 41.70 |
Pyramid Technoplast | 160.30 |
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