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Himatsingka Seide Ltd Stock Analysis

Small Cap
Evaluated by 1107 users | BSE: 514043 | NSE: HIMATSEIDE |
Textile

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...

Analysis of Financial Track Record

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 1.32%5.4%7.85%9.75%9.33%10.58%11.16%8.99%7.54%2.98%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,2331,4291,6892,0281,9431,8902,1382,2492,6182,358
Y-o-Y Gr. Rt.-15.9%18.3%20.1%-4.2%-2.8%13.2%5.2%16.4%-9.9%
Adjusted EPS (Rs.) -2.13.15.538.028.3711.8117.9319.6317.87-1.15
Y-o-Y Gr. Rt.-NA78.4%45%4.4%41.1%51.8%9.5%-9%-106.4%
Book Value per Share (Rs.) 53.1257.7464.5575.6781.7590.37108.4124.68144.33138.13
Adjusted Net Profit -20.730.554.578.982.4116177193176-11.4
Net Op. Cash Flow (Rs. Cr.) 12911819648.722818118619.5478433
Debt to Cash Flow from Ops 5.785.913.5816.533.315.567.58115.685.836.51
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Himatsingka Seide Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.5%4%3.3%-9.9%
Adjusted EPS NA-167.2%-140%-106.4%
Book Value per Share 11.211.18.4-4.3
Share Price 21% -6.3% -22.3% 249.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -3.895.589.0511.4410.6313.7218.0416.8513.29-0.82
Operating Profit Margin (%) 7.1910.419.5710.9310.4215.8817.8620.1120.7817.72
Net Profit Margin (%) -1.612.192.973.464.196.158.258.596.72-0.48
Debt to Equity 1.421.231.111.080.941.131.321.841.962.07
Working Capital Days 164143126125152171204263269307
Cash Conversion Cycle 8171544955667899103120
Entity Percentage Holding
Promoters 47.57%
Institutions 18.82%
Non-Institutions 33.61%
Pledged *18.2023.320.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Himatsingka Seide Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Himatsingka Seide Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Himatsingka Seide Ltd's performance infers:

Himatsingka Seide Ltd earnings have declined by -167.2%, whereas share price has depreciated -6.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Himatsingka Seide Ltd share prices over the last 10 years. Here is what we found out:

Himatsingka Seide Ltd share price has depreciated 17.5% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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