Himatsingka Seide Ltd - Stock Valuation and Financial Performance

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

Himatsingka Seide Share Price

132.20 0.15 0.11%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on Himatsingka Seide

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Himatsingka Seide stock performance -

mw4me loader
P/E Ratio (CD):
11.51
Market Cap:
1,298.2 Cr.
52-wk low:
111.5
52-wk high:
186.6

Is Himatsingka Seide Ltd an attractive stock to invest in?

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 Overvalued zone.

3. Is Himatsingka Seide Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Himatsingka Seide Ltd is likely to Rise-somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.8%9.3%10.6%11.2%9.2%7.5%3%2%6.4%1.6%-
Value Creation
Index
-0.3-0.3-0.2-0.2-0.4-0.5-0.8-0.9-0.5-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,0281,9431,8902,1382,2492,6182,3582,2583,1842,6782,841
Sales YoY Gr.--4.2%-2.8%13.2%5.2%16.4%-9.9%-4.2%41%-15.9%-
Adj EPS 88.411.817.920.117.9-1.2-4.613.5-11.311.5
YoY Gr.-4.4%41.1%51.8%12.1%-11.1%-106.4%NANA-184%-
BVPS (₹) 75.781.890.4108.4124.7144.3138.1133.6149.3147.2158.3
Adj Net
Profit
78.982.4116177198176-11.4-44.8132-111113
Cash Flow from Ops. 48.722818118619.547843457667.9354-
Debt/CF from Ops. 16.53.35.67.6115.75.86.54.341.47.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.1%3.6%4.3%-15.9%
Adj EPS -203.9%-189.1%NA-184%
BVPS7.7%3.4%2.1%-1.4%
Share Price 7.9% -5.1% -8.5% 16.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
11.410.613.71817.313.3-0.8-3.49.5-7.67.5
Op. Profit
Mgn %
10.910.415.917.920.120.817.713.416.710.221
Net Profit
Mgn %
3.54.26.28.38.86.7-0.5-24.2-4.24
Debt to
Equity
1.10.91.11.31.822.11.91.91.91
Working Cap
Days
125152171201257264304306239336159
Cash Conv.
Cycle
495566789910312089669126

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.50%

Debt to equity has declined versus last 3 years average to 1.86

Sales growth has been subdued in last 3 years 4.33%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 6.66%

Latest Financials - Himatsingka Seide Ltd.

Standalone Consolidated
TTM EPS (₹) 11.7 11.5
TTM Sales (₹ Cr.) 2,549 2,841
BVPS (₹.) 181.3 158.3
Reserves (₹ Cr.) 1,736 1,510
P/BV 0.73 0.83
PE 11.25 11.51
From the Market
52 Week Low / High (₹) 111.50 / 186.60
All Time Low / High (₹) 2.40 / 444.35
Market Cap (₹ Cr.) 1,298
Equity (₹ Cr.) 49.2
Face Value (₹) 5
Industry PE 28.3

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Himatsingka Seide

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,0281,9431,8902,1382,2492,6182,3582,2583,1842,678
Operating Expenses 1,8261,7411,5921,7581,7982,0741,9401,9692,6542,407
Manufacturing Costs138151152180232312331296487404
Material Costs1,3191,2511,1241,2271,1861,2901,1321,2381,6441,542
Employee Cost 200193168197209257280259327282
Other Costs 169145148153171216198177195179
Operating Profit 202202297381451543418289530271
Operating Profit Margin (%) 10.0%10.4%15.7%17.8%20.1%20.8%17.7%12.8%16.7%10.1%
Other Income 5211913183762142075
Interest 85879596107163195177181257
Depreciation 5445675872109126152158164
Exceptional Items -400000-73000
Profit Before Tax 639115423929030885-26210-75
Tax 9-3295789111722770-11
Profit After Tax 559412518220219713-53141-64
PAT Margin (%) 2.7%4.9%6.6%8.5%9.0%7.5%0.6%-2.4%4.4%-2.4%
Adjusted EPS (₹)6.49.712.718.520.520.01.4-5.414.3-6.5
Dividend Payout Ratio (%)23%21%20%14%12%25%37%-9%4%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7458058901,0671,2281,4211,3601,3151,4701,449
Share Capital 49494949494949494949
Reserves 6967568401,0181,1781,3721,3111,2661,4201,400
Minority Interest-33000000000
Debt6846689741,3492,1602,6562,6222,2102,6352,568
Long Term Debt3613555297401,2171,6781,5901,3741,5891,477
Short Term Debt3233134456099439781,0338361,0461,091
Trade Payables314273196261351442372610708815
Others Liabilities 1971851413036219011,1971,2751,1511,023
Total Liabilities 1,9061,9312,2012,9814,3605,4205,5515,4105,9645,855

Fixed Assets

Gross Block1,5591,5861,7712,0603,1063,3734,2944,4894,6214,690
Accumulated Depreciation5155277607978791,0001,1381,3051,4451,606
Net Fixed Assets1,0441,0581,0121,2632,2272,3733,1573,1843,1763,084
CWIP 114644113326341731424430
Investments 000012612329181310
Inventories6385545847549901,1761,0877951,131885
Trade Receivables1453616899166118332399670
Cash Equivalents 2726122184135251181126167108
Others Assets1731923785997516968068121,0331,068
Total Assets 1,9061,9312,2012,9814,3605,4205,5515,4105,9645,855

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 492281811861947843457668354
PBT 639115423929030885-26210-75
Adjustment 136124156139168249313319340406
Changes in Working Capital -14126-97-136-391-1595307-46070
Tax Paid -10-14-32-57-48-64-60-23-22-46
Cash Flow From Investing Activity -43-66-123-544-643-743-204-16-1362
Capex -4110-125-401-733-704-240-128-148-10
Net Investments 111190-422610187
Others -2-771-1441391135
Cash Flow From Financing Activity -11-15826296673322-348-544121-401
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -91-35102244507487-69-194121-166
Interest Paid -87-98-98-107-139-217-244-191-240-276
Dividend Paid -10-15-36-18-30-30-60-5-5-5
Others 176-11571763358225-15424546
Net Cash Flow -5584-625058-1181753-45
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.912.1914.7818.6117.5714.860.95-3.9910.11-4.39
ROCE (%)10.2611.4914.4215.3613.3312.256.683.799.724.32
Asset Turnover Ratio1.161.010.920.830.610.540.430.410.580.46
PAT to CFO Conversion(x)0.892.431.451.020.092.4333.38N/A0.48N/A
Working Capital Days
Receivable Days761111141922364072
Inventory Days94112110114142151175152106135
Payable Days7486766894112131145146180

Himatsingka Seide Ltd Stock News

Himatsingka Seide Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Himatsingka Seide on 14-Jun-2024 16:01 is ₹132.2.
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 14-Jun-2024 16:01 the market cap of Himatsingka Seide stood at ₹1,298.2.
The latest P/E ratio of Himatsingka Seide as of 14-Jun-2024 16:01 is 11.25.
The latest P/B ratio of Himatsingka Seide as of 14-Jun-2024 16:01 is 0.73.
The 52-week high of Himatsingka Seide is ₹186.6 and the 52-week low is ₹111.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Himatsingka Seide is ₹2,549 ( 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.