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 ₹ 688 Cr.
- Current Price ₹ 69.9
- High / Low ₹ 224 / 68.5
- Stock P/E
- Book Value ₹ 141
- Dividend Yield 0.72 %
- ROCE 9.45 %
- ROE 10.2 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.50 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.29% over past five years.
- Company has a low return on equity of 2.73% over last 3 years.
- Contingent liabilities of Rs.226 Cr.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 10.5% of profits over last 3 years
* 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 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,233 | 1,429 | 1,689 | 2,028 | 1,943 | 1,890 | 2,138 | 2,249 | 2,618 | 2,358 | 2,259 | 3,184 | 2,807 | |
1,146 | 1,283 | 1,530 | 1,826 | 1,741 | 1,590 | 1,758 | 1,797 | 2,074 | 1,940 | 1,968 | 2,652 | 2,539 | |
Operating Profit | 87 | 146 | 160 | 202 | 202 | 300 | 381 | 452 | 544 | 418 | 291 | 532 | 268 |
OPM % | 7% | 10% | 9% | 10% | 10% | 16% | 18% | 20% | 21% | 18% | 13% | 17% | 10% |
10 | 8 | 11 | 1 | 21 | 16 | 13 | 17 | 36 | -12 | 12 | 18 | 79 | |
Interest | 54 | 54 | 67 | 85 | 87 | 95 | 96 | 107 | 163 | 195 | 177 | 181 | 234 |
Depreciation | 56 | 56 | 52 | 54 | 45 | 67 | 58 | 72 | 109 | 126 | 152 | 158 | 163 |
Profit before tax | -14 | 45 | 52 | 63 | 91 | 154 | 239 | 290 | 308 | 85 | -26 | 210 | -50 |
Tax % | -13% | 24% | -2% | 14% | -3% | 19% | 24% | 31% | 36% | 84% | -101% | 33% | |
Net Profit | -16 | 34 | 53 | 55 | 94 | 125 | 182 | 202 | 197 | 13 | -53 | 141 | -54 |
EPS in Rs | -1.68 | 3.36 | 5.82 | 6.43 | 9.69 | 12.72 | 18.50 | 20.48 | 19.99 | 1.35 | -5.42 | 14.30 | -5.43 |
Dividend Payout % | 0% | 15% | 17% | 23% | 21% | 20% | 14% | 12% | 25% | 37% | -9% | 4% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 7% |
TTM: | -8% |
Compounded Profit Growth | |
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10 Years: | 16% |
5 Years: | -4% |
3 Years: | -10% |
TTM: | -128% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | -27% |
3 Years: | -18% |
1 Year: | -68% |
Return on Equity | |
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10 Years: | 10% |
5 Years: | 8% |
3 Years: | 3% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | |
Reserves | 474 | 519 | 586 | 696 | 756 | 840 | 1,018 | 1,178 | 1,372 | 1,311 | 1,266 | 1,420 | 1,335 |
745 | 698 | 703 | 805 | 756 | 1,007 | 1,407 | 2,255 | 2,790 | 2,963 | 2,593 | 2,922 | 3,016 | |
220 | 276 | 259 | 357 | 369 | 300 | 418 | 728 | 974 | 932 | 1,183 | 1,236 | 1,132 | |
Total Liabilities | 1,488 | 1,543 | 1,597 | 1,906 | 1,930 | 2,196 | 2,892 | 4,211 | 5,185 | 5,255 | 5,091 | 5,627 | 5,531 |
933 | 919 | 989 | 1,044 | 1,058 | 1,012 | 1,271 | 2,235 | 2,382 | 3,157 | 3,184 | 3,176 | 3,156 | |
CWIP | 7 | 9 | 6 | 11 | 46 | 44 | 113 | 32 | 634 | 173 | 142 | 44 | 30 |
Investments | 10 | 13 | 3 | 0 | 0 | 48 | 0 | 126 | 123 | 29 | 18 | 13 | 13 |
539 | 602 | 599 | 852 | 826 | 1,094 | 1,508 | 1,818 | 2,046 | 1,896 | 1,747 | 2,394 | 2,331 | |
Total Assets | 1,488 | 1,543 | 1,597 | 1,906 | 1,930 | 2,196 | 2,892 | 4,211 | 5,185 | 5,255 | 5,091 | 5,627 | 5,531 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
129 | 118 | 201 | 49 | 228 | 181 | 186 | 19 | 478 | 434 | 576 | 68 | |
-23 | 13 | -96 | -40 | -71 | -121 | -544 | -642 | -743 | -206 | -12 | -141 | |
-114 | -133 | -84 | -11 | -158 | 26 | 296 | 673 | 322 | -348 | -544 | 121 | |
Net Cash Flow | -8 | -2 | 21 | -2 | -0 | 86 | -62 | 50 | 57 | -120 | 20 | 48 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 21 | 21 | 15 | 2 | 10 | 12 | 12 | 16 | 23 | 18 | 54 | 46 |
Inventory Days | 177 | 172 | 135 | 177 | 162 | 190 | 224 | 305 | 333 | 351 | 235 | 251 |
Days Payable | 78 | 83 | 74 | 87 | 80 | 64 | 78 | 108 | 125 | 120 | 180 | 157 |
Cash Conversion Cycle | 120 | 110 | 75 | 92 | 92 | 138 | 158 | 213 | 231 | 249 | 108 | 140 |
Working Capital Days | 51 | 56 | 38 | 50 | 53 | 91 | 108 | 150 | 120 | 123 | 112 | 144 |
ROCE % | 3% | 8% | 9% | 10% | 11% | 14% | 15% | 13% | 12% | 8% | 4% | 9% |
Documents
Announcements
- Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results 1d
- Voting Results Of Postal Ballot Along With Scrutinizer'S Report 17 Jan
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 Jan - Copies of newspaper publications pertaining to Notice of transfer of Equity Shares of the Company to Investors Education and Protection Fund (IEPF) Authority in the …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jan - Certificates as received from KFIN Technologies Limited, Registrar and Share Transfer Agent of the Company under Regulations 74(5) of the SEBI (Depositories and Participants) Regulations, …
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Announcement under Regulation 30 (LODR)-Change in Directorate
2 Jan - Mr. Raja Venkataraman has tendered his resignation as Independent Director of the Company with effect from January 02, 2023 on account of pre-occupation with his …
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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Concalls
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Nov 2022TranscriptPPT
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Major CAPEX
Company undertook major capital expenditure programme that took 3-4 years to complete. It committed investments of approximately 2,500 crores and all three projects were commissioned on schedule. All of these facilities were developed in Hassan (Karnataka). This capex programme increased company's Fixed Assets by 3 times in the last 3-4 years. [1]