Himatsingka Seide Ltd
Himatsingka Seide Ltd. is a vertically integrated global textile major that designs, develops, manufactures and distributes a suite of home textile products. It has installed capacities for manufacturing bedding and bath products, drapery and upholstery fabrics, and fine-count cotton yarn which are among the largest in the world.
Company produces home textiles for over 12 global brands, licensed and owned. It owns exclusive license rights of global iconic brands like Calvin Klein, Tommy Hilfiger, Kate Spade, Royal Velvet, Barbara Berry and Waverly. [1]
It also entered into a licensing agreement with The Walt Disney company to manufacture and distribute a broad range of home textile products inspired by archives and characters from all its franchisee including Disney, Marvel, Pixar and Lucas to increase its presence in the European region. [2]
- Market Cap ₹ 1,397 Cr.
- Current Price ₹ 142
- High / Low ₹ 188 / 80.5
- Stock P/E 12.5
- Book Value ₹ 152
- Dividend Yield 0.00 %
- ROCE 3.77 %
- ROE -5.70 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.93 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.55% over past five years.
- Company has a low return on equity of 0.11% over last 3 years.
- Debtor days have increased from 63.6 to 91.3 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,429 | 1,689 | 2,028 | 1,943 | 1,890 | 2,138 | 2,249 | 2,618 | 2,358 | 2,258 | 3,184 | 2,678 | 2,834 | |
1,283 | 1,530 | 1,826 | 1,741 | 1,590 | 1,758 | 1,797 | 2,074 | 1,940 | 1,969 | 2,652 | 2,407 | 2,261 | |
Operating Profit | 146 | 160 | 202 | 202 | 300 | 381 | 452 | 544 | 418 | 289 | 532 | 271 | 574 |
OPM % | 10% | 9% | 10% | 10% | 16% | 18% | 20% | 21% | 18% | 13% | 17% | 10% | 20% |
8 | 11 | 1 | 21 | 16 | 13 | 17 | 36 | -12 | 14 | 18 | 75 | 17 | |
Interest | 54 | 67 | 85 | 87 | 95 | 96 | 107 | 163 | 195 | 177 | 181 | 257 | 262 |
Depreciation | 56 | 52 | 54 | 45 | 67 | 58 | 72 | 109 | 126 | 152 | 158 | 164 | 160 |
Profit before tax | 45 | 52 | 63 | 91 | 154 | 239 | 290 | 308 | 85 | -26 | 210 | -75 | 169 |
Tax % | 24% | -2% | 14% | -3% | 19% | 24% | 31% | 36% | 84% | -101% | 33% | 15% | |
34 | 53 | 55 | 94 | 125 | 182 | 202 | 197 | 13 | -53 | 141 | -64 | 111 | |
EPS in Rs | 3.36 | 5.82 | 6.43 | 9.69 | 12.72 | 18.50 | 20.48 | 19.99 | 1.35 | -5.42 | 14.30 | -6.51 | 11.31 |
Dividend Payout % | 15% | 17% | 23% | 21% | 20% | 14% | 12% | 25% | 37% | -9% | 4% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 4% |
3 Years: | 4% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 242% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | -8% |
3 Years: | -2% |
1 Year: | 73% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 3% |
3 Years: | 0% |
Last Year: | -6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 |
Reserves | 519 | 586 | 696 | 756 | 840 | 1,018 | 1,178 | 1,372 | 1,311 | 1,266 | 1,420 | 1,400 | 1,450 |
698 | 703 | 805 | 756 | 1,007 | 1,407 | 2,255 | 2,790 | 2,963 | 2,593 | 2,922 | 2,806 | 2,815 | |
276 | 259 | 357 | 369 | 300 | 418 | 728 | 974 | 932 | 1,183 | 1,236 | 1,262 | 1,248 | |
Total Liabilities | 1,543 | 1,597 | 1,906 | 1,930 | 2,196 | 2,892 | 4,211 | 5,185 | 5,255 | 5,091 | 5,627 | 5,517 | 5,563 |
919 | 989 | 1,044 | 1,058 | 1,012 | 1,271 | 2,235 | 2,382 | 3,157 | 3,184 | 3,176 | 3,084 | 3,018 | |
CWIP | 9 | 6 | 11 | 46 | 44 | 113 | 32 | 634 | 173 | 142 | 44 | 30 | 29 |
Investments | 13 | 3 | 0 | 0 | 48 | 0 | 126 | 123 | 29 | 18 | 13 | 10 | 10 |
602 | 599 | 852 | 826 | 1,094 | 1,508 | 1,818 | 2,046 | 1,896 | 1,747 | 2,394 | 2,394 | 2,506 | |
Total Assets | 1,543 | 1,597 | 1,906 | 1,930 | 2,196 | 2,892 | 4,211 | 5,185 | 5,255 | 5,091 | 5,627 | 5,517 | 5,563 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
118 | 201 | 49 | 228 | 181 | 186 | 19 | 478 | 434 | 576 | 68 | 354 | |
13 | -96 | -40 | -71 | -121 | -544 | -642 | -743 | -206 | -12 | -141 | -10 | |
-133 | -84 | -11 | -158 | 26 | 296 | 673 | 322 | -348 | -544 | 121 | -401 | |
Net Cash Flow | -2 | 21 | -2 | -0 | 86 | -62 | 50 | 57 | -120 | 20 | 48 | -57 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 21 | 15 | 2 | 10 | 12 | 12 | 16 | 23 | 18 | 54 | 46 | 91 |
Inventory Days | 172 | 135 | 177 | 162 | 190 | 224 | 305 | 333 | 351 | 235 | 251 | 209 |
Days Payable | 83 | 74 | 87 | 80 | 64 | 78 | 108 | 125 | 120 | 180 | 157 | 193 |
Cash Conversion Cycle | 110 | 75 | 92 | 92 | 138 | 158 | 213 | 231 | 249 | 108 | 140 | 108 |
Working Capital Days | 56 | 38 | 50 | 53 | 91 | 108 | 150 | 120 | 123 | 112 | 144 | 172 |
ROCE % | 8% | 9% | 11% | 11% | 14% | 15% | 13% | 12% | 8% | 4% | 9% | 4% |
Documents
Announcements
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024 18 Apr
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024. 17 Apr
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Announcement under Regulation 30 (LODR)-Acquisition
8 Apr - The Company has made further investment of an amount of Rs. 16.74 Crores in Himatsingka Holdings NA Inc, a Wholly Owned Subsidiary of the Company …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Apr - Certificates received from KFIN Technologies Limited, Registrar and transfer agent of the Company for the quarter ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
3 Apr - Clause V of the Memorandum of Association of the Company is amended further to approval of increase in Authorised Share Capital by the MCA.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Business[1]
Himatsingka is a vertically integrated global textile major that designs, develops, manufactures and distributes textile products. With 4 manufacturing facilities,its installed capacities for Bedding Products, Bath Products and Cotton Yarn Products are amongst the largest in the world.