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HSIL surges on eyeing Rs 6,000 crore revenue in next five years

31 Jul 2017

HSIL is currently trading at Rs. 380.00, up by 4.70 points or 1.25% from its previous closing of Rs. 375.30 on the BSE.

The scrip opened at Rs. 384.30 and has touched a high and low of Rs. 385.00 and Rs. 376.00 respectively. So far 4602 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 424.75 on 06-Jul-2017 and a 52 week low of Rs. 271.65 on 04-Jan-2017.

Last one week high and low of the scrip stood at Rs. 414.00 and Rs. 367.10 respectively. The current market cap of the company is Rs. 2747.26 crore.

The promoters holding in the company stood at 48.43%, while institutions and non-institutions held 32.44% and 19.13% respectively.

HSIL is eyeing over two-fold growth to be Rs 6,000 crore revenue company in the next five years. The company had registered revenue of Rs 2,200 crore last fiscal, and aims to register 15-20 per cent growth each year for the next five years. This fiscal year, it aims to grow at 18 per cent.

The company is setting up a security closure plant and a CPVC pipes plant in Telangana, which will be a backward integration to its building materials business.

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.

Related HSIL Ltd. Links:

HSIL Share Price

215.95 -4.75 (-2.15%) Jun 18, 18:03
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323