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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Himatsingka Seide Ltd

About the Company - Himatsingka Seide Ltd

Himatsingka Seide Ltd. is a Public Limited Listed company incorporated on 23/01/1985 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L17112KA1985PLC006647 and registration number is 006647. Currently company belongs to the Industry of Textiles - Synthetic/Silk. Company’s Total Operating Revenue is Rs. 2858.98 Cr. and Equity Capital is Rs. 49.23 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Synthetic/Silk10/24, Kumara Krupa Road, Bengaluru Karnataka 560001investors@himatsingka.com
https://www.himatsingka.com
Management
NamePosition Held
Mr. D K HimatsingkaExecutive Chairman
Mr. Shrikant HimatsingkaExec. Vice Chairman & Mang Dir
Mr. S Shanmuga SundaramExecutive Director
Mr. Harminder SahniIndependent Director
Ms. Sandhya VasudevanIndependent Director
Mr. Shyam PowarIndependent Director

Himatsingka Seide Ltd. Share Price Update

Share PriceValue
Today₹157.30
Previous Day₹159.50

Basic Stock Data of Himatsingka Seide Ltd

Market Cap 1,468 Cr.
Current Price 149
High / Low188/67.6
Stock P/E13.2
Book Value 152
Dividend Yield0.00 %
ROCE3.77 %
ROE5.70 %
Face Value 5.00

Data Source: screener.in

Himatsingka Seide Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales653679746815813791765638613737690682739
Expenses563524618657672661664627587633568534592
Operating Profit911551281591411301001126104122148147
OPM %14%23%17%19%17%16%13%2%4%14%18%22%20%
Other Income62243210412613249
Interest47454042414850696872486672
Depreciation39383738404040414141404141
Profit before tax10755383634420-58-573364443
Tax %63%40%29%30%24%38%61%5%40%32%38%34%33%
Net Profit445385848278-55-342222929
EPS in Rs0.394.583.825.864.882.750.82-5.56-3.440.222.272.962.92

Himatsingka Seide Ltd Quarterly Chart

Himatsingka Seide Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,4291,6892,0281,9431,8902,1382,2492,6182,3582,2583,1842,6782,848
Expenses1,2831,5301,8261,7411,5901,7581,7972,0741,9401,9692,6522,4072,327
Operating Profit146160202202300381452544418289532271521
OPM %10%9%10%10%16%18%20%21%18%13%17%10%18%
Other Income81112116131736-1214187529
Interest546785879596107163195177181257260
Depreciation56525445675872109126152158164164
Profit before tax4552639115423929030885-26210-75127
Tax %24%-2%14%-3%19%24%31%36%84%-101%33%15%
Net Profit3453559412518220219713-53141-6482
EPS in Rs3.365.826.439.6912.7218.5020.4819.991.35-5.4214.30-6.518.37
Dividend Payout %15%17%23%21%20%14%12%25%37%-9%4%0%

Himatsingka Seide Ltd Profit & Loss Yearly Chart

Himatsingka Seide Ltd Growth

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:11%
5 Years:-2%
3 Years:-1%
1 Year:95%
Return on Equity
10 Years:8%
5 Years:3%
3 Years:0%
Last Year:-6%

Himatsingka Seide Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital49494949494949494949494949
Reserves5195866967568401,0181,1781,3721,3111,2661,4201,4001,450
Borrowings6987038057561,0071,4072,2552,7902,9632,5932,9222,8062,815
Other Liabilities2762593573693004187289749321,1831,2361,2621,248
Total Liabilities1,5431,5971,9061,9302,1962,8924,2115,1855,2555,0915,6275,5175,563
Fixed Assets9199891,0441,0581,0121,2712,2352,3823,1573,1843,1763,0843,018
CWIP9611464411332634173142443029
Investments133004801261232918131010
Other Assets6025998528261,0941,5081,8182,0461,8961,7472,3942,3942,506
Total Assets1,5431,5971,9061,9302,1962,8924,2115,1855,2555,0915,6275,5175,563

Himatsingka Seide Ltd Reserves and Borrowings Chart

Himatsingka Seide Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 118201492281811861947843457668354
Cash from Investing Activity 13-96-40-71-121-544-642-743-206-12-141-10
Cash from Financing Activity -133-84-11-15826296673322-348-544121-401
Net Cash Flow-221-2-086-625057-1202048-57

Himatsingka Seide Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days21152101212162318544691
Inventory Days172135177162190224305333351235251209
Days Payable837487806478108125120180157193
Cash Conversion Cycle110759292138158213231249108140108
Working Capital Days5638505391108150120123112144172
ROCE %8%9%11%11%14%15%13%12%8%4%9%4%

Himatsingka Seide Ltd Financial Efficiency Indicators Chart

Himatsingka Seide Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%
FIIs2.93%3.16%3.46%4.15%4.06%4.06%3.15%2.65%2.44%2.20%2.69%3.91%
DIIs14.88%15.66%14.29%11.92%10.57%10.70%9.53%9.08%7.44%5.12%2.42%1.24%
Public34.62%33.61%34.68%36.36%37.81%37.68%39.75%40.71%42.57%45.13%47.32%47.31%
No. of Shareholders31,99930,58131,44032,44335,36445,93250,77051,01051,40550,30749,39246,198

Himatsingka Seide Ltd Shareholding Pattern Chart

No. of Himatsingka Seide Ltd Shareholders

Himatsingka Seide Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
ICICI Prudential Child Care - Gift Fund5746100.98.84
ICICI Prudential Retirement Fund - Hybrid Conservative211700.650.36

Himatsingka Seide Ltd ROCE Trend

Himatsingka Seide Ltd EPS Trend

Himatsingka Seide Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)-6.5114.30-5.421.3519.99
Diluted EPS (Rs.)-6.5114.30-5.421.3519.99
Cash EPS (Rs.)10.1530.3910.0714.1631.04
Book Value[Excl.RevalReserv]/Share (Rs.)147.17149.27133.58138.13144.33
Book Value[Incl.RevalReserv]/Share (Rs.)147.17149.27133.58138.13144.33
Revenue From Operations / Share (Rs.)271.97323.38229.37239.49265.87
PBDIT / Share (Rs.)35.1555.8530.7948.6858.90
PBIT / Share (Rs.)18.4939.7615.3135.8647.85
PBT / Share (Rs.)-7.6421.36-2.698.6531.29
Net Profit / Share (Rs.)-6.5114.30-5.421.3519.99
NP After MI And SOA / Share (Rs.)-6.5114.30-5.421.3519.99
PBDIT Margin (%)12.9217.2713.4220.3222.15
PBIT Margin (%)6.7912.296.6714.9717.99
PBT Margin (%)-2.806.60-1.173.6111.76
Net Profit Margin (%)-2.394.42-2.360.567.51
NP After MI And SOA Margin (%)-2.394.42-2.360.567.51
Return on Networth / Equity (%)-4.429.58-4.050.9713.85
Return on Capital Employeed (%)5.3911.044.7410.2513.69
Return On Assets (%)-1.152.49-1.040.253.78
Long Term Debt / Equity (X)1.021.081.041.171.18
Total Debt / Equity (X)1.861.911.681.931.87
Asset Turnover Ratio (%)0.470.530.320.310.39
Current Ratio (X)1.071.100.860.971.14
Quick Ratio (X)0.650.550.440.380.47
Inventory Turnover Ratio (X)1.272.731.080.861.06
Dividend Payout Ratio (NP) (%)-7.683.49-9.22447.9915.07
Dividend Payout Ratio (CP) (%)4.921.644.9642.569.70
Earning Retention Ratio (%)107.6896.51109.22-347.9984.93
Cash Earning Retention Ratio (%)95.0898.3695.0457.4490.30
Interest Coverage Ratio (X)1.353.041.712.463.56
Interest Coverage Ratio (Post Tax) (X)0.751.780.691.442.21
Enterprise Value (Cr.)3264.894120.863510.203027.084552.76
EV / Net Operating Revenue (X)1.221.291.551.281.74
EV / EBITDA (X)9.447.4911.586.327.85
MarketCap / Net Operating Revenue (X)0.250.460.630.240.82
Retention Ratios (%)107.6896.50109.22-347.9984.92
Price / BV (X)0.461.011.080.431.51
Price / Net Operating Revenue (X)0.250.460.630.240.82
EarningsYield-0.090.09-0.030.020.09

Himatsingka Seide Ltd Profitability Ratios (%)

Himatsingka Seide Ltd Liquidity Ratios

Himatsingka Seide Ltd Liquidity Ratios (%)

Himatsingka Seide Ltd Interest Coverage Ratios (%)

Himatsingka Seide Ltd Valuation Ratios

Fair Value of Himatsingka Seide Ltd Stock

Fair Value: ₹116.65

The stock is overvalued by 21.71% compared to the current price ₹149

*Investments are subject to market risks

Strength and Weakness of Himatsingka Seide Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (1.77 cr) and profit (120.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 31.45 and average Dividend Yield of 11.74%.
  2. The stock has a low average ROCE of 9.83%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 101.42, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 142.83, which may not be favorable.
  5. The company has higher borrowings (1,886.15) compared to reserves (1,062.46), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Himatsingka Seide Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE