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Himatsingka Seide Ltd. Stock Analysis

Small Cap
Evaluated by 1057 users | BSE: 514043 | NSE: HIMATSEIDE |
Textile
Himatsingka Seide Ltd (HSL) established in 1985 is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.The...

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 10.4% -17% -37.4% -46.1%
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 18.48%
Non-Institutions 33.95%
Pledged *12.1812.1815.7118.2023.320.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

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

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

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

Himatsingka Seide earnings have declined by -167.2%, whereas share price has depreciated -17% 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 share prices over the last 10 years. Here is what we found out:

Himatsingka Seide share price has depreciated 6.4% annually over the past ten years.

Himatsingka Seide Ltd (HSL) established in 1985 is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.

The company operates through its spinning and weaving divisions. Himatsingka Filati, the spinning division, has a technical collaboration with Filati Buratti of Read More

Himatsingka Seide Ltd (HSL) established in 1985 is in the business of manufacturing natural silk and silk blended fabrics, silk woven yarn, etc. Its product range includes decorative fabrics for home furnishings mainly bed linen, bridal wear, fashion fabrics for men and women wear etc.

The company operates through its spinning and weaving divisions. Himatsingka Filati, the spinning division, has a technical collaboration with Filati Buratti of Italy and is a 100% EOU engaged in the manufacture of spun yarn. Himatsingka Wovens (weaving division), also an EOU, offers yarn-dyed decorative, bridal and fashion fabrics.

The company has a facility for manufacture of bed linen products for domestic & international markets at the Hassan SEZ in Karnataka. It has an installed capacity of 60,000 meters/day of wider width cotton fabrics & 8,000 sets/day of exquisite made-up products to cater the home textile market for brands like Osborne & Little, Baker, JAB, Zimmer & Rhode, Sahco Hesslein, Noblis, Jack Larsen, Brunschwig, Fischbacher etc.

India’s first and only luxury home furnishing fabrics store chain Atmosphere has a presence in India, Singapore and Dubai. With 12 stores in India and one each in Dubai and Singapore, the brand has project and retail customers in the Middle East, South Asia, North Asia and India.

Every Atmosphere store offers 2,000 styles of fabrics. These are suitable for domestic and commercial use. In addition, fabrics are also custom made for specific project requirements. Over 85% of all retail orders are executed within 3 working days. Project orders are normally executed in 4 to 8 weeks.

Himatsingka Seide acquired 70% stake in Bellora, an Italian bed linen brand for Rs 116 crore. The acquisition will enable the company to spread its presence globally. Himatsingka is also in talks with other international bed linen brands. The acquisition of Bellora, a pan-European luxury brand, is in line with Himatsingka’s strategy to acquire high-end distribution networks in the global home textile segment.

Products range of the company includes:

  • Decorative fabrics
  • Bridal Wear
  • Fashion Wear
  • Spun Wear/ Blended Yarn

Different divisions of the company:

  • Spinning division The spinning division, was established in technical collaboration with Filati Buratti of Italy. Equipped with the latest machinery, it produces a wide range of regular and fancy 100 % silk and silk blended yarns.
  • Weaving division The weaving division, offers yarn dyed decorative, bridal and fashion fabrics. The entire operation of winding, doubling, twisting, dyeing, weaving and finishing is integrated under one roof.

Atmosphere Retail Store is the subsidiary of the company.

Awards & Achievements:

  • 2012-  Himatsingka Seide Ltd. won the 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.
    Himatsingka wins Asian CSR Leadership Award in the category of "Developing Sustainable Strategies".
  • The company has been awarded the first prize for being the largest exporter of silk fabrics from the Indian Silk Export Promotion Council (ISEPC) for 1997 - 98
  • It has received the ISO 9001 certificate from TUV Germany for establishment of quality systems in the manufacture of natural silk fabrics and yarns
  • Himatsingka Seide has been ranked among the top ten investor rewarding companies in India by the Institute of Chartered Financial Analysts of India in 1995
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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