Himatsingka Seide Ltd Stock Analysis

BSE: 514043 | NSE: HIMATSEIDE | Textile | Small Cap

BSE Share Price 08-Jun-2023 18:13
101.75 -2.58 (-2.47%)

DeciZen - Make an Informed Decision on Himatsingka Seide

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Himatsingka Seide Price Chart

P/E Ratio ( CD) :
0.00
Market Cap :
1,001.8 Cr.
52-wk low :
67.6
52-wk high :
127.7
Bole Toh?

1. Is Himatsingka Seide Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Himatsingka Seide Ltd is a below average quality company.

2. Is Himatsingka Seide Ltd undervalued or overvalued?

The key valuation ratios of Himatsingka Seide Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Himatsingka Seide Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Himatsingka Seide Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Himatsingka Seide:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Himatsingka Seide Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.9%9.8%9.3%10.6%11.2%9.2%7.5%3%2%6.4%-
Value Creation Index -0.4-0.3-0.3-0.2-0.2-0.4-0.5-0.8-0.9-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,6892,0281,9431,8902,1382,2492,6182,3582,2583,1842,678
YoY Gr. Rt. %-20.1%-4.2%-2.8%13.2%5.2%16.4%-9.9%-4.2%41%-
Adj EPS 5.588.411.817.920.117.9-1.2-4.613.5-6.5
YoY Gr. Rt. %-45%4.4%41.1%51.8%12.1%-11.1%-106.4%NANA-
BVPS (₹) 64.675.781.890.4108.4124.7144.3138.1133.6149.3147.2
Adj Net Profit 54.578.982.4116177198176-11.4-44.8132-64
Cash Flow from Ops. 19648.722818118619.547843457667.9-
Debt/CF from Ops. 3.616.53.35.67.6115.75.86.54.341.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.3%8.3%6.8%41%
Adj EPS 10.4%-5.6%-9%NA
BVPS 9.86.61.111.8
Share Price 11.3% -22.1% 18.1% -10%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.111.410.613.71817.313.3-0.8-3.49.5-4.4
Op. Profit Mgn % 9.610.910.415.917.920.120.817.713.416.79.8
Net Profit Mgn % 33.54.26.28.38.86.7-0.5-24.2-2.4
Debt to Equity 1.11.10.91.11.31.822.11.91.91
Working Cap Days 126125152171201257264304306249302
Cash Conv. Cycle 544955667899103120897219

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.91

Return on Equity is Poor

Sales growth has been subdued in last 3 years 6.75%

Sales growth is not so good in last 4 quarters at -15.74%

Latest Financials - Himatsingka Seide Ltd.

Standalone Consolidated
TTM EPS (₹) -3.1 -6.5
TTM Sales (₹ Cr.) 2,053 2,678
BVPS (₹.) 169.3 147.2
Reserves (₹ Cr.) 1,618 1,400
P/BV 0.60 0.69
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 67.55 / 127.70
All Time Low / High (₹) 2.40 / 444.35
Market Cap (₹ Cr.) 1,002
Equity (₹ Cr.) 49.2
Face Value (₹) 5
Industry PE 29.8

Management X-Ray of Himatsingka Seide :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Himatsingka Seide

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Himatsingka Seide Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Himatsingka Seide on 08-Jun-2023 18:13 is : 101.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Jun-2023 18:13 the market cap of Himatsingka Seide stood at ₹ 1,001.8.
The latest PE ratio of Himatsingka Seide as of 08-Jun-2023 18:13 is 0.00.
The latest PB ratio of Himatsingka Seide as of 08-Jun-2023 18:13 is 0.60
The 52-week high of Himatsingka Seide is ₹ 127.7 and the 52-week low is ₹ 67.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Himatsingka Seide is ₹ 2,053 ( Cr.) .

About Himatsingka Seide Ltd

Himatsingka Seide is an integrated global textile major that designs, develops, manufactures, distributes and retails a suite of textile products. Its installed capacities for manufacturing bedding and bath products, drapery and upholstery fabrics and fine-count cotton yarn are amongst the largest in the world. While global scale and next generation digital shop floors support our impressive portfolio of owned and licensed brands. Himatsingka Seide Limited is a public limited Company incorporated in India and listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Business area of the company

Himatsingka is a vertically integrated Indian textile major with a global footprint; it design, develop, manufacture and distribute a suite of home textile products.

Brands

  • Calvin Klein
  • Tommy Hilfiger
  • Kate Spade
  • PimaCott
  • Organicott range
  • Royal Velvet
  • GizaCott
  • Himeya
  • Waverly
  • Barbara Barry
  • Bellora
  • Atmosphere

Awards

  • 1992 - 1993-Best Performance Award- Confederation of Export Units, New Delhi for Overall Export Performance & Best Performance Award.
  • 1995 - 1996- Award for Outstanding Export Performance- Cotton Textiles Export Promotion Council, Mumbai Texprocil Award for Outstanding Export Performance.
  • 2000 - 2001- Certificate of Appreciation by the Chief Commissioner of Customs & Central Excise, Bangalore Zone for recognition of the export performance.
  • 2000 - 2002- Leading Captain of the Industry- Government of Karnataka.
  • 2000 - 2002- Certificate of Excellence for Export Achievement Cochin Special Economic Zone, Ministry of Commerce & Industry, Dept. of Commerce, Govt. of India Under 100% EOU Scheme in Karnataka under sector ‘Textiles’.
  • 2002- Export Award 2002 FKCCI, Bengaluru in recognition of performance in the Silk category for the year 2001-02 at the 85th Annual General Meeting of the FKCCI.
  • 2004- Best Small Cap Company award in the 'Best Managed Companies Poll of the year 2004' organized by Asia Money, Hong Kong.
  • 2008- Life Time Achievement Award by the Indian Silk Export Promotion Council, Mumbai for his outstanding contribution to the promotion of Silk Exports.
  • 2012- Best of Breed HR Award at the National Human Resource Development (NHRD) Network's 16th Annual Conference held at Hyderabad in December, 2012. This award was given for our Talent Pipeline Management Strategy at Himatsingka Linens, Hassan.
  • 2013- SAP Award in Manufacturing- Best Run SAP Award in Manufacturing at the SAP Awards for Consumer Excellence-2013 (SAP-ACE).The award is given for excellence in implementation and usage of SAP in our manufacturing plant - Himatsingka Seide, Doddabalapur.
  • 2014- Best EOU (Non SSI Category: Textile & Textile Products) by the Export Promotion Council for EOUs & SEZs, Ministry of Commerce & Industry, Government of India, New Delhi for outstanding export performance.
  • 2014- Export Excellence award for the ‘Best SEZ Manufacturer Exporter 2013-14 - Sector: Textiles’ from The Development Commissioner, Cochin Special Economic Zone.
  • 2015-16- Bronze Trophy for the Highest Exports for Bed/Linen/Bed Sheets/Quilts from Cotton Textile Export Promotion Council (TEXPROCIL)
  • 2017-18- Star Exporter Award Manufacturer-Gold from Federation of Karnataka Chambers of Commerce & Industry (FKCCI)
  • 2017-18- Silver Trophy for the Highest Exports Bed/Linen/Bed Sheets/Quilts from Cotton Textile Export Promotion Council (TEXPROCIL)
  • 2018-19- Star Exporter Award Manufacturer-Gold from Federation of Karnataka Chambers of Commerce & Industry (FKCCI).

Milestones

  • 1985-Incorporation of Himatsingka Seide Ltd
  • 1986- Initial Public Offering (IPO)
  • 1988- Silk and Silk blended manufacturing facility for producing Drapery & Upholstery fabrics goes on stream
  • 1998- Expansion of weaving capacity for Drapery & Upholstery fabrics and commissioning of the silk spinning division, Himatsingka Filati
  • 2003- India’s first luxary home furnishing brand ‘atmosphere’ is launched
  • 2004- Incorporation of Himatsingka America Inc
  • 2005- Construction of the vertically integrated Greenfield Bed Linen manufacturing facility at the Hassan SEZ, Karnataka, India commences
  • 2007- The state-of-the-art bed linen manufacturing facility at Hassan, Karnataka goes on stream. Establishing a global footprint with the acquisition of Giuseppe Bel lora S.p.A (Italy), Divatex Home Fashions, Inc., and DWI Holdings, Inc.,(North America).
  • 2008- The retail supply chain center at Doddaballapur, Karnataka, India goes on stream. 'Atmosphere' launches its first international stores in Dubai and Singapore.
  • 2018- Commissioning of the Spinning plant (World’s largest cotton spinning plant under one roof)
  • 2019- Commissioning of terry towel plant
  • 2020- Commissioned commercial production of new Greenfield Terry Towel plant with an installed capacity of 25,000 TPA (Tonnes Per Annum).
  • 2020- Enhanced e-commerce focus across key markets; added 24 channel partners during the year
  • 2020- Expanded global reach of its brand portfolio by acquiring global rights for the Calvin Klein Home brand.
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