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Last Updated on: 25 June, 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

Basic Stock Data of Himatsingka Seide Ltd

Last Updated: June 25, 2024, 10:39 pm

Market Cap 1,365 Cr.
Current Price 139
High / Low188/113
Stock P/E12.1
Book Value 158
Dividend Yield0.00 %
ROCE10.5 %
ROE7.50 %
Face Value 5.00
PEG Ratio0.27

Himatsingka Seide Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales679746815813791765638613737690682739723
Expenses524618657672661664627587633568534592567
Operating Profit1551281591411301001126104122148147157
OPM %23%17%19%17%16%13%2%4%14%18%22%20%22%
Other Income22432104126132492
Interest45404241485069687248667275
Depreciation38373840404041414140414138
Profit before tax755383634420-58-57336444345
Tax %40%29%30%24%38%61%5%40%32%38%34%33%31%
Net Profit45385848278-55-34222292931
EPS in Rs4.583.825.864.882.750.82-5.56-3.440.222.272.962.923.16

Last Updated: June 6, 2024, 12:12 am

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:3%
5 Years:2%
3 Years:8%
TTM:6%
Compounded Profit Growth
10 Years:7%
5 Years:-10%
3 Years:60%
TTM:236%
Stock Price CAGR
10 Years:7%
5 Years:-3%
3 Years:-8%
1 Year:22%
Return on Equity
10 Years:8%
5 Years:2%
3 Years:4%
Last Year:8%

Last Updated: June 25, 2024, 5:09 pm

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%47.57%
FIIs3.46%4.15%4.06%4.06%3.15%2.65%2.44%2.20%2.69%3.91%4.03%3.99%
DIIs14.29%11.92%10.57%10.70%9.53%9.08%7.44%5.12%2.42%1.24%1.05%0.99%
Public34.68%36.36%37.81%37.68%39.75%40.71%42.57%45.13%47.32%47.31%47.36%47.45%
No. of Shareholders31,44032,44335,36445,93250,77051,01051,40550,30749,39246,19852,80652,945

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)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Child Care - Gift Fund574,6100.98.8421,1702024-06-222614.27%
ICICI Prudential Retirement Fund - Hybrid Conservative21,1700.650.3621,1702024-06-220%

Himatsingka Seide Ltd ROCE Trend

Himatsingka Seide Ltd EPS Trend

Himatsingka Seide Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)11.46-6.5114.30-5.421.35
Diluted EPS (Rs.)11.46-6.5114.30-5.421.35
Cash EPS (Rs.)27.5210.1530.3910.0714.16
Book Value[Excl.RevalReserv]/Share (Rs.)158.34147.17149.27133.58138.13
Book Value[Incl.RevalReserv]/Share (Rs.)158.34147.17149.27133.58138.13
Revenue From Operations / Share (Rs.)288.60271.97323.38229.37239.49
PBDIT / Share (Rs.)62.7035.1555.8530.7948.68
PBIT / Share (Rs.)46.6418.4939.7615.3135.86
PBT / Share (Rs.)16.53-7.6421.36-2.698.65
Net Profit / Share (Rs.)11.46-6.5114.30-5.421.35
NP After MI And SOA / Share (Rs.)11.46-6.5114.30-5.421.35
PBDIT Margin (%)21.7212.9217.2713.4220.32
PBIT Margin (%)16.166.7912.296.6714.97
PBT Margin (%)5.72-2.806.60-1.173.61
Net Profit Margin (%)3.97-2.394.42-2.360.56
NP After MI And SOA Margin (%)3.97-2.394.42-2.360.56
Return on Networth / Equity (%)7.23-4.429.58-4.050.97
Return on Capital Employeed (%)12.785.3911.044.7410.25
Return On Assets (%)1.94-1.152.49-1.040.25
Long Term Debt / Equity (X)1.021.021.081.041.17
Total Debt / Equity (X)1.791.861.911.681.93
Asset Turnover Ratio (%)0.500.470.530.320.31
Current Ratio (X)1.241.071.100.860.97
Quick Ratio (X)0.790.650.550.440.38
Inventory Turnover Ratio (X)1.401.272.731.080.86
Dividend Payout Ratio (NP) (%)0.00-7.683.49-9.22447.99
Dividend Payout Ratio (CP) (%)0.004.921.644.9642.56
Earning Retention Ratio (%)0.00107.6896.51109.22-347.99
Cash Earning Retention Ratio (%)0.0095.0898.3695.0457.44
Interest Coverage Ratio (X)2.081.353.041.712.46
Interest Coverage Ratio (Post Tax) (X)1.380.751.780.691.44
Enterprise Value (Cr.)3836.863264.894120.863510.203027.08
EV / Net Operating Revenue (X)1.351.221.291.551.28
EV / EBITDA (X)6.229.447.4911.586.32
MarketCap / Net Operating Revenue (X)0.420.250.460.630.24
Retention Ratios (%)0.00107.6896.50109.22-347.99
Price / BV (X)0.770.461.011.080.43
Price / Net Operating Revenue (X)0.420.250.460.630.24
EarningsYield0.09-0.090.09-0.030.02

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

Fair Value: 146.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.22% compared to the current price 139

Intrinsic Value: 210.66

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 51.55% compared to the current price ₹139

Last 5 Year EPS CAGR: 44.04%

*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 has a low average ROCE of 9.83%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 101.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 142.83, which may not be favorable.
  4. The company has higher borrowings (1,886.15) compared to reserves (1,062.46), which may suggest financial risk.

FAQ

What is the latest fair value of Himatsingka Seide Ltd?

The latest fair value of Himatsingka Seide Ltd is ₹146.25.

What is the Market Cap of Himatsingka Seide Ltd?

The Market Cap of Himatsingka Seide Ltd is 1,365 Cr..

What is the current Stock Price of Himatsingka Seide Ltd as on 25 June 2024?

The current stock price of Himatsingka Seide Ltd as on 25 June 2024 is ₹139.

What is the High / Low of Himatsingka Seide Ltd stocks in FY 2024?

In FY 2024, the High / Low of Himatsingka Seide Ltd stocks is 188/113.

What is the Stock P/E of Himatsingka Seide Ltd?

The Stock P/E of Himatsingka Seide Ltd is 12.1.

What is the Book Value of Himatsingka Seide Ltd?

The Book Value of Himatsingka Seide Ltd is 158.

What is the Dividend Yield of Himatsingka Seide Ltd?

The Dividend Yield of Himatsingka Seide Ltd is 0.00 %.

What is the ROCE of Himatsingka Seide Ltd?

The ROCE of Himatsingka Seide Ltd is 10.5 %.

What is the ROE of Himatsingka Seide Ltd?

The ROE of Himatsingka Seide Ltd is 7.50 %.

What is the Face Value of Himatsingka Seide Ltd?

The Face Value of Himatsingka Seide Ltd is 5.00.

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