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Himatsingka Seide

NSEI:HIMATSEIDE
Snowflake Description

Good value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HIMATSEIDE
NSEI
₹22B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Himatsingka Seide Limited manufactures, retails, and distributes home textile products in North America, Canada, Europe, India, Asia, and internationally. The last earnings update was 73 days ago. More info.


Add to Portfolio Compare Print
  • Himatsingka Seide has significant price volatility in the past 3 months.
HIMATSEIDE Share Price and Events
7 Day Returns
5.9%
NSEI:HIMATSEIDE
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-42.1%
NSEI:HIMATSEIDE
-3.2%
IN Luxury
-0.7%
IN Market
HIMATSEIDE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Himatsingka Seide (HIMATSEIDE) 5.9% 9.3% 7.7% -42.1% 9.7% 274.9%
IN Luxury 0.9% 1.6% 8.6% -3.2% 48.8% 161.5%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • HIMATSEIDE underperformed the Luxury industry which returned -3.2% over the past year.
  • HIMATSEIDE underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
HIMATSEIDE
Industry
5yr Volatility vs Market
Related Companies

HIMATSEIDE Value

 Is Himatsingka Seide undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Himatsingka Seide to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Himatsingka Seide.

NSEI:HIMATSEIDE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:HIMATSEIDE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (106.91%))
1.158
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.158 * 8.6%)
17.51%

Discounted Cash Flow Calculation for NSEI:HIMATSEIDE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Himatsingka Seide is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:HIMATSEIDE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.51%)
2019 1,350.00 Analyst x1 1,148.85
2020 6,602.00 Analyst x2 4,781.19
2021 5,221.00 Analyst x1 3,217.69
2022 4,484.91 Est @ -14.1% 2,352.20
2023 4,143.87 Est @ -7.6% 1,849.51
2024 4,017.15 Est @ -3.06% 1,525.81
2025 4,022.16 Est @ 0.12% 1,300.08
2026 4,116.76 Est @ 2.35% 1,132.39
2027 4,277.79 Est @ 3.91% 1,001.36
2028 4,491.81 Est @ 5% 894.79
Present value of next 10 years cash flows ₹19,203.87
NSEI:HIMATSEIDE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹4,491.81 × (1 + 7.55%) ÷ (17.51% – 7.55%)
₹48,510.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹48,510.01 ÷ (1 + 17.51%)10
₹9,663.47
NSEI:HIMATSEIDE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹19,203.87 + ₹9,663.47
₹28,867.34
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹28,867.34 / 98.46
₹293.2
NSEI:HIMATSEIDE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:HIMATSEIDE represents 1.00087x of BSE:514043
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00087x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 293.20 x 1.00087
₹293.45
Value per share (INR) From above. ₹293.45
Current discount Discount to share price of ₹228.70
= -1 x (₹228.70 - ₹293.45) / ₹293.45
22.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Himatsingka Seide is available for.
Intrinsic value
22%
Share price is ₹228.7 vs Future cash flow value of ₹293.45
Current Discount Checks
For Himatsingka Seide to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Himatsingka Seide's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Himatsingka Seide's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Himatsingka Seide's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Himatsingka Seide's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:HIMATSEIDE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹20.19
BSE:514043 Share Price ** BSE (2019-04-18) in INR ₹228.5
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Himatsingka Seide.

NSEI:HIMATSEIDE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:514043 Share Price ÷ EPS (both in INR)

= 228.5 ÷ 20.19

11.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Himatsingka Seide is good value based on earnings compared to the IN Luxury industry average.
  • Himatsingka Seide is good value based on earnings compared to the India market.
Price based on expected Growth
Does Himatsingka Seide's expected growth come at a high price?
Raw Data
NSEI:HIMATSEIDE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
19.9%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:HIMATSEIDE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.32x ÷ 19.9%

0.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Himatsingka Seide is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Himatsingka Seide's assets?
Raw Data
NSEI:HIMATSEIDE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹131.10
BSE:514043 Share Price * BSE (2019-04-18) in INR ₹228.5
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:HIMATSEIDE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:514043 Share Price ÷ Book Value per Share (both in INR)

= 228.5 ÷ 131.10

1.74x

* Primary Listing of Himatsingka Seide.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Himatsingka Seide is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Himatsingka Seide's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Himatsingka Seide has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HIMATSEIDE Future Performance

 How is Himatsingka Seide expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Himatsingka Seide expected to grow at an attractive rate?
  • Himatsingka Seide's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Himatsingka Seide's earnings growth is expected to exceed the India market average.
  • Himatsingka Seide's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:HIMATSEIDE Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:HIMATSEIDE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 19.9%
NSEI:HIMATSEIDE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 11.1%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:HIMATSEIDE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:HIMATSEIDE Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 32,507 5,207 3,162 2
2020-03-31 29,647 6,925 2,812 4
2019-03-31 26,500 5,028 2,219 4
NSEI:HIMATSEIDE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 24,902 1,988
2018-09-30 24,076 1,977
2018-06-30 23,201 1,956
2018-03-31 22,491 195 2,016
2017-12-31 22,699 1,969
2017-09-30 22,219 1,919
2017-06-30 21,931 1,874
2017-03-31 21,384 1,857 1,821
2016-12-31 20,616 1,378
2016-09-30 18,759 2,009
2016-06-30 18,963 1,852
2016-03-31 18,896 1,810 1,253

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Himatsingka Seide's earnings are expected to grow by 19.9% yearly, however this is not considered high growth (20% yearly).
  • Himatsingka Seide's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:HIMATSEIDE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Himatsingka Seide Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:HIMATSEIDE Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 32.15 33.80 30.50 2.00
2020-03-31 28.57 30.30 26.40 3.00
2019-03-31 22.57 23.60 21.70 3.00
NSEI:HIMATSEIDE Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 20.19
2018-09-30 20.09
2018-06-30 19.87
2018-03-31 20.48
2017-12-31 20.00
2017-09-30 19.49
2017-06-30 19.03
2017-03-31 18.50
2016-12-31 14.00
2016-09-30 20.40
2016-06-30 18.81
2016-03-31 12.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Himatsingka Seide is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Himatsingka Seide's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Himatsingka Seide has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HIMATSEIDE Past Performance

  How has Himatsingka Seide performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Himatsingka Seide's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Himatsingka Seide has delivered over 20% year on year earnings growth in the past 5 years.
  • Himatsingka Seide's 1-year earnings growth is less than its 5-year average (1% vs 21.5%)
  • Himatsingka Seide's earnings growth has not exceeded the IN Luxury industry average in the past year (1% vs 14.8%).
Earnings and Revenue History
Himatsingka Seide's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Himatsingka Seide Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:HIMATSEIDE Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 24,902.20 1,988.05 2,939.57
2018-09-30 24,075.90 1,977.45 2,852.57
2018-06-30 23,201.30 1,955.80 2,111.50
2018-03-31 22,490.60 2,016.35 2,664.47
2017-12-31 22,698.96 1,968.83 2,454.34
2017-09-30 22,219.26 1,918.53 2,619.14
2017-06-30 21,930.60 1,873.80 2,027.60
2017-03-31 21,384.06 1,821.03 2,515.54
2016-12-31 20,615.51 1,377.96 2,478.42
2016-09-30 18,758.55 2,008.81 2,537.59
2016-06-30 18,962.75 1,851.71 2,431.79
2016-03-31 18,896.01 1,252.56 2,213.92
2015-12-31 18,653.22 1,498.35 3,225.44
2015-09-30 19,213.52 1,327.35 3,199.84
2015-06-30 18,608.40 1,146.80 1,907.80
2015-03-31 19,431.62 954.35 2,338.94
2014-12-31 19,786.61 811.26 3,306.34
2014-09-30 20,206.61 738.26 3,353.34
2014-06-30 20,536.71 683.56 3,365.14
2014-03-31 20,281.51 633.46 3,347.94
2013-12-31 19,289.16 742.53 3,110.92
2013-09-30 18,629.76 700.33 3,031.12
2013-06-30 17,827.26 634.63 2,938.42
2013-03-31 16,894.26 573.23 2,861.51
2012-12-31 16,188.91 369.21 2,647.44
2012-09-30 15,813.21 351.31 2,612.64
2012-06-30 14,831.41 339.11 2,572.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Himatsingka Seide has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Himatsingka Seide used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Himatsingka Seide's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Himatsingka Seide's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Himatsingka Seide has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HIMATSEIDE Health

 How is Himatsingka Seide's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Himatsingka Seide's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Himatsingka Seide is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Himatsingka Seide's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Himatsingka Seide's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Himatsingka Seide Company Filings, last reported 3 months ago.

NSEI:HIMATSEIDE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12,897.10 24,052.30 4,053.50
2018-09-30 12,897.10 24,052.30 4,053.50
2018-06-30 12,275.30 23,045.10 4,215.60
2018-03-31 12,275.33 22,551.65 2,531.87
2017-12-31 11,271.50 20,518.90 2,356.90
2017-09-30 11,271.50 20,518.90 2,356.90
2017-06-30 10,672.60 13,485.80 2,517.90
2017-03-31 10,672.61 14,072.73 1,833.68
2016-12-31
2016-09-30 9,611.20 10,883.80 1,457.50
2016-06-30 9,833.20 9,425.55 1,143.49
2016-03-31 8,897.27 10,076.27 1,220.70
2015-12-31 9,087.50 7,772.30 466.20
2015-09-30 9,087.50 7,772.30 466.20
2015-06-30 8,049.00 7,796.40 263.80
2015-03-31 8,049.00 7,567.59 263.75
2014-12-31 7,866.00 7,981.30 119.40
2014-09-30 7,866.00 7,981.30 119.40
2014-06-30 7,117.91 8,143.04 265.61
2014-03-31 7,117.91 8,054.61 265.61
2013-12-31 7,009.30 7,947.60 190.80
2013-09-30 7,009.30 7,947.60 190.80
2013-06-30 6,155.98 7,041.82 289.71
2013-03-31 6,155.98 7,053.66 289.71
2012-12-31 6,032.90 7,168.30 228.50
2012-09-30 6,032.90 7,168.30 228.50
2012-06-30 5,687.83 6,983.71 178.52
  • Himatsingka Seide's level of debt (186.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (113.4% vs 186.5% today).
  • Debt is not well covered by operating cash flow (0.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Himatsingka Seide's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Himatsingka Seide has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HIMATSEIDE Dividends

 What is Himatsingka Seide's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.09%
Current annual income from Himatsingka Seide dividends. Estimated to be 1.24% next year.
If you bought ₹2,000 of Himatsingka Seide shares you are expected to receive ₹22 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Himatsingka Seide's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Himatsingka Seide's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:HIMATSEIDE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:HIMATSEIDE Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 2.50 1.00
2020-03-31 3.00 2.00
2019-03-31 2.75 2.00
NSEI:HIMATSEIDE Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-27 2.500 1.154
2018-05-25 2.500 0.832
2017-09-04 2.500 0.696
2017-05-23 2.500 0.733
2016-05-23 3.000 1.039
2016-02-01 2.000 1.029
2015-10-15 2.000 0.948
2015-09-15 2.000 0.952
2014-09-23 1.500 1.579
2013-05-27 1.000 2.095
2012-11-12 0.500 1.394
2012-08-31 0.500 1.438
2012-01-25 0.000 0.000
2011-11-08 0.000 0.000
2011-08-03 0.000 0.000
2011-05-19 0.000 0.000
2010-07-05 0.250 0.595
2010-05-31 0.250 0.677
2009-06-22 0.000 0.000
2009-04-21 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Himatsingka Seide has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Himatsingka Seide only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Himatsingka Seide's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (11.8x coverage).
X
Income/ dividend checks
We assess Himatsingka Seide's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Himatsingka Seide afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Himatsingka Seide has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HIMATSEIDE Management

 What is the CEO of Himatsingka Seide's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
SKH Himatsingka
COMPENSATION ₹82,462,000
AGE 38
TENURE AS CEO 3.3 years
CEO Bio

Mr. Shrikant Himatsingka, also known as SKH, has been Chief Executive Officer and Managing Director of Himatsingka Seide Ltd. since January 30, 2016 and May 21, 2016 respectively and its Executive Director since June 3, 2003. Mr. Himatsingka studied a Bachelor of Science in Economics at Leonard Stern School of Business.

CEO Compensation
  • SKH's compensation has increased by more than 20% in the past year.
  • SKH's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Himatsingka Seide management team in years:

2.9
Average Tenure
  • The tenure for the Himatsingka Seide management team is about average.
Management Team

SKH Himatsingka

TITLE
MD, CEO & Executive Director
COMPENSATION
₹82M
AGE
38
TENURE
3.3 yrs

K. Rangaraj

TITLE
Group CFO & President of Finance
TENURE
1.7 yrs

Ashok Sharma

TITLE
Chief Compliance Officer
TENURE
7.6 yrs

Ashutosh Halbe

TITLE
Chief Financial Officer of North American operations
TENURE
1.7 yrs

Veeraraghvan Vasudevan

TITLE
Executive Director of Manufacturing Operations - Group & Executive Director
COMPENSATION
₹20M
AGE
62
TENURE
2.9 yrs

C. Ganpathy

TITLE
Executive VP of Corporate Affairs & Group General Counsel

Kumud Kumar

TITLE
President of HR & Group CHRO

Akanksha Himatsingka

TITLE
Head of Business Development for Europe & Asia Pacific

S. Sundaram

TITLE
President of Manufacturing Operations - Hassan
COMPENSATION
₹6M

David Greenstein

TITLE
President & CEO of North America
Board of Directors Tenure

Average tenure and age of the Himatsingka Seide board of directors in years:

2.9
Average Tenure
65.5
Average Age
  • The average tenure for the Himatsingka Seide board of directors is less than 3 years, this suggests a new board.
Board of Directors

DKH Himatsingka

TITLE
Executive Chairman
COMPENSATION
₹83M
AGE
69
TENURE
2.9 yrs

SKH Himatsingka

TITLE
MD, CEO & Executive Director
COMPENSATION
₹82M
AGE
38
TENURE
15.8 yrs

Veeraraghvan Vasudevan

TITLE
Executive Director of Manufacturing Operations - Group & Executive Director
COMPENSATION
₹20M
AGE
62
TENURE
2.9 yrs

K. R. Murthy

TITLE
Independent Director
COMPENSATION
₹1M
AGE
80
TENURE
13.6 yrs

Rajiv Khaitan

TITLE
Independent Director
COMPENSATION
₹1M
AGE
59
TENURE
22.5 yrs

Sangeeta Kulkarni

TITLE
Independent Director
COMPENSATION
₹1M
TENURE
2.9 yrs

Pradeep Bhargava

TITLE
Additional Independent Non-Executive Director
AGE
69
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Himatsingka Seide's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Himatsingka Seide has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HIMATSEIDE News

Simply Wall St News

Does Himatsingka Seide Limited (NSE:HIMATSEIDE) Have A Place In Your Portfolio?

A dividend paying company with growing earnings can be rewarding in the long term. … Investors might not know much about Himatsingka Seide's dividend prospects, even though it has been paying dividends for the last nine years and offers a 1.1% yield. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.

Simply Wall St -

A Close Look At Himatsingka Seide Limited’s (NSE:HIMATSEIDE) 14% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

If You Had Bought Himatsingka Seide (NSE:HIMATSEIDE) Stock Five Years Ago, You Could Pocket A 207% Gain Today

While Himatsingka Seide Limited (NSE:HIMATSEIDE) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 15% in the last quarter. … In fact, the share price is 207% higher today. … During five years of share price growth, Himatsingka Seide achieved compound earnings per share (EPS) growth of 22% per year.

Simply Wall St -

Is Himatsingka Seide Limited's (NSE:HIMATSEIDE) CEO Paid Enough Relative To Peers?

In 2016 SKH Himatsingka was appointed CEO of Himatsingka Seide Limited (NSE:HIMATSEIDE). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does SKH Himatsingka's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Himatsingka Seide Limited (NSE:HIMATSEIDE) Delivered A Better ROE Than Its Industry

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Himatsingka Seide has a return on equity of 15% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should You Know About Himatsingka Seide Limited's (NSE:HIMATSEIDE) Return On Capital?

and want to better understand how you can grow your money by investing in Himatsingka Seide Limited (NSE:HIMATSEIDE). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Thus, to understand how your money can grow by investing in Himatsingka Seide, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

What Kind Of Shareholder Appears On The Himatsingka Seide Limited's (NSE:HIMATSEIDE) Shareholder Register?

The big shareholder groups in Himatsingka Seide Limited (NSE:HIMATSEIDE) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Himatsingka Seide is not a large company by global standards.

Simply Wall St -

Is Himatsingka Seide Limited's (NSE:HIMATSEIDE) CEO Pay Fair?

At the time of writing our data says that Himatsingka Seide Limited has a market cap of ₹23.2b, and is paying total annual CEO compensation of ₹82m. … We examined companies with market caps from ₹14.6b to ₹58.3b, and discovered that the median CEO compensation of that group was ₹21m. … Thus we can conclude that SKH Himatsingka receives more in total compensation than the median of a group of companies in the same market, and of similar size to Himatsingka Seide Limited

Simply Wall St -

Should You Be Tempted To Buy Himatsingka Seide Limited (NSE:HIMATSEIDE) Because Of Its PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … Himatsingka Seide Limited (NSE:HIMATSEIDE) trades with a trailing P/E of 12.1, which is lower than the industry average of 13.6.

Simply Wall St -

How Himatsingka Seide Limited (NSE:HIMATSEIDE) Delivered A Better ROE Than Its Industry

Himatsingka Seide Limited (NSE:HIMATSEIDE) outperformed the textiles industry on the basis of its ROE – producing a higher 15.93% relative to the peer average of 7.69% over the past 12 months. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … View our latest analysis for Himatsingka Seide

Simply Wall St -

HIMATSEIDE Company Info

Description

Himatsingka Seide Limited manufactures, retails, and distributes home textile products in North America, Canada, Europe, India, Asia, and internationally. It offers bed ensembles, including sheet sets, pillowcases, duvets, comforters, decorative pillows, bedskrits, shams, and dust ruffles, as well as a range of quilted products; fabrics for drapery and upholstery applications; and silk and blended yarn products, such as spun silk yarns, and silk yarns blended with wool, tussar, and linen. The company is also involved in the retail and distribution activities under the Calvin Klein Home, Barbara Barry, Bellora, and Atmosphere brands. Himatsingka Seide Limited was founded in 1985 and is headquartered in Bengaluru, India.

Details
Name: Himatsingka Seide Limited
HIMATSEIDE
Exchange: NSEI
Founded: 1985
₹22,497,461,060
98,457,160
Website: http://www.himatsingka.com
Address: Himatsingka Seide Limited
10/24 Kumara Krupa Road,
High Grounds,
Bengaluru,
Karnataka, 560001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 514043 Equity Shares Mumbai Stock Exchange IN INR 15. Feb 1995
NSEI HIMATSEIDE Equity Shares National Stock Exchange of India IN INR 15. Feb 1995
Number of employees
Current staff
Staff numbers
6,000
Himatsingka Seide employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.