Buy Or Sell Opportunity • Jun 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to ₹88.09. The fair value is estimated to be ₹72.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Meanwhile, the company has become profitable. Announcement • May 28
Himatsingka Seide Limited announced that it expects to receive INR 5.5 billion in funding Himatsingka Seide Limited announced a private placement to issue 55,000 series “1” INR denominated, senior, secured, rated, listed, redeemable, taxable, non-convertible debenture for gross proceeds of INR 550 million on May 27, 2026. The transaction will include participation from eligible investors. The transaction will be completed in one or more tranches and has been approved by the board of the directors of the company. The tenure of the debt is 42 months from the deemed date of allotment and will have an interest rate of 11.50% p.a., payable quarterly. The principal amount will be repaid in three instalments at the end of 30 months, 36 months and 42 months respectively. The company can raise INR 2,500 million with series "1" non convertible debentures through Green Shoe Option . Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹4.93 (vs ₹6.92 in FY 2025) Full year 2026 results: EPS: ₹4.93 (down from ₹6.92 in FY 2025). Revenue: ₹27.3b (down 1.8% from FY 2025). Net income: ₹619.6m (down 19% from FY 2025). Profit margin: 2.3% (down from 2.7% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 28
Himatsingka Seide Limited announced that it expects to receive INR 500 million in funding Himatsingka Seide Limited announced a private placement to issue series “C” INR denominated, senior, secured, unrated, unlisted, redeemable, taxable, non-convertible debenture for gross proceeds of INR 500,000,000 on May 27, 2026. The transaction will include participation from eligible investors. The transaction will be completed in one or more tranches and has been approved by the board of the directors of the company. The tenure of the debt is 42 months from the deemed date of allotment and will have an interest rate of 11.50% p.a., payable quarterly. The principal amount will be repaid in three instalments at the end of 30 months, 36 months and 42 months respectively. Announcement • May 27
Himatsingka Seide Limited Recommends Final Dividend for the Financial Year Ended 2025-26 Himatsingka Seide Limited at the board meeting held on May 27, 2026, Recommended Final Dividend of INR 0.25 per equity share (5%) of face value INR 5/- each for the Financial Year ended 2025-26, subject to the approval of shareholders at the ensuing Annual General Meeting of the Company. Announcement • May 20
Himatsingka Seide Limited to Report Q4, 2026 Results on May 27, 2026 Himatsingka Seide Limited announced that they will report Q4, 2026 results on May 27, 2026 New Risk • May 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.56b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (₹9.56b market cap, or US$99.8m). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹84.06, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 16x in the Luxury industry in India. Total returns to shareholders of 10% over the past three years. New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. New Risk • Mar 23
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Feb 12
Third quarter 2026 earnings released: EPS: ₹0.61 (vs ₹1.74 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.61 (down from ₹1.74 in 3Q 2025). Revenue: ₹6.37b (down 7.8% from 3Q 2025). Net income: ₹76.6m (down 65% from 3Q 2025). Profit margin: 1.2% (down from 3.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
Himatsingka Seide Limited to Report Q3, 2026 Results on Feb 11, 2026 Himatsingka Seide Limited announced that they will report Q3, 2026 results on Feb 11, 2026 Buy Or Sell Opportunity • Feb 03
Now 25% overvalued Over the last 90 days, the stock has fallen 2.9% to ₹119. The fair value is estimated to be ₹95.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 02
Now 20% overvalued Over the last 90 days, the stock has fallen 3.7% to ₹115. The fair value is estimated to be ₹95.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 09
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to ₹114. The fair value is estimated to be ₹95.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹3.34 (vs ₹2.20 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.34 (up from ₹2.20 in 2Q 2025). Revenue: ₹7.07b (up 1.9% from 2Q 2025). Net income: ₹420.0m (up 94% from 2Q 2025). Profit margin: 5.9% (up from 3.1% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Himatsingka Seide Limited to Report Q2, 2026 Results on Nov 12, 2025 Himatsingka Seide Limited announced that they will report Q2, 2026 results on Nov 12, 2025 Announcement • Sep 04
Himatsingka Seide Limited, Annual General Meeting, Sep 26, 2025 Himatsingka Seide Limited, Annual General Meeting, Sep 26, 2025, at 12:10 Indian Standard Time. Declared Dividend • Sep 04
Dividend of ₹0.25 announced Dividend of ₹0.25 is the same as last year. Ex-date: 19th September 2025 Payment date: 1st January 1970 Dividend yield will be 0.2%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (1% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 03
Himatsingka Seide Limited announces Annual dividend, payable on October 25, 2025 Himatsingka Seide Limited announced Annual dividend of INR 0.2500 per share payable on October 25, 2025, ex-date on September 19, 2025 and record date on September 19, 2025. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.87 (vs ₹2.09 in 1Q 2025) First quarter 2026 results: EPS: ₹0.87 (down from ₹2.09 in 1Q 2025). Revenue: ₹6.61b (down 10% from 1Q 2025). Net income: ₹109.0m (down 47% from 1Q 2025). Profit margin: 1.6% (down from 2.8% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Himatsingka Seide Limited to Report Q1, 2026 Results on Aug 12, 2025 Himatsingka Seide Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 29
Full year 2025 earnings released: EPS: ₹6.92 (vs ₹11.46 in FY 2024) Full year 2025 results: EPS: ₹6.92 (down from ₹11.46 in FY 2024). Revenue: ₹28.4b (flat on FY 2024). Net income: ₹760.4m (down 33% from FY 2024). Profit margin: 2.7% (down from 4.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 23
Himatsingka Seide Limited to Report Q4, 2025 Results on May 28, 2025 Himatsingka Seide Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on May 28, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹137, the stock trades at a trailing P/E ratio of 19.6x. Average forward P/E is 23x in the Luxury industry in India. Total loss to shareholders of 13% over the past three years. Buy Or Sell Opportunity • Feb 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to ₹124. The fair value is estimated to be ₹156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹1.74 (vs ₹3.16 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.74 (down from ₹3.16 in 3Q 2024). Revenue: ₹6.91b (down 4.4% from 3Q 2024). Net income: ₹218.4m (down 30% from 3Q 2024). Profit margin: 3.2% (down from 4.3% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹138, the stock trades at a trailing P/E ratio of 17.8x. Average forward P/E is 24x in the Luxury industry in India. Total loss to shareholders of 27% over the past three years. Announcement • Feb 06
Himatsingka Seide Limited to Report Q3, 2025 Results on Feb 12, 2025 Himatsingka Seide Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Feb 12, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹155, the stock trades at a trailing P/E ratio of 20.1x. Average forward P/E is 27x in the Luxury industry in India. Total loss to shareholders of 32% over the past three years. Announcement • Jan 24
Himatsingka Seide Limited Announces Resignation of Shyam Powar as Non-Executive - Independent Director Himatsingka Seide Limited informed that Mr. Shyam Powar, Non-Executive - Independent Director, has resigned as a Director of the Company, with effect from the close of business hours of January 24, 2025 on account of restrictions arising from new assignments undertaken by him. (resignation letter enclosed) . Mr. Shyam Powar has confirmed that there are no other material reasons for his resignation. Announcement • Dec 15
Himatsingka Seide Limited Announces Cessation of S Shanmugasundaram as Whole Time Director Himatsingka Seide Limited informed that the term of appointment of Mr. S Shanmugasundaram ends on December 14, 2024. Consequently, Mr. S Shanmugasundaram ceases to be a Whole Time Director of the Company with effect from the close of Business hours on December 14, 2024. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹2.20 (vs ₹2.92 in 2Q 2024) Second quarter 2025 results: EPS: ₹2.20 (down from ₹2.92 in 2Q 2024). Revenue: ₹7.00b (down 5.3% from 2Q 2024). Net income: ₹217.0m (down 25% from 2Q 2024). Profit margin: 3.1% (down from 3.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Nov 09
Himatsingka Seide Limited to Report Q2, 2025 Results on Nov 14, 2024 Himatsingka Seide Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Oct 26
Himatsingka Seide Limited has filed a Follow-on Equity Offering. Himatsingka Seide Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Price(minimum): INR 154.31
Transaction Features: Regulation S; Subsequent Direct Listing Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹162, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 30x in the Luxury industry in India. Total loss to shareholders of 34% over the past three years. Upcoming Dividend • Sep 13
Upcoming dividend of ₹0.25 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 26 October 2024. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.4%). Announcement • Sep 10
Himatsingka Seide Limited, Annual General Meeting, Sep 27, 2024 Himatsingka Seide Limited, Annual General Meeting, Sep 27, 2024, at 12:10 Indian Standard Time. Price Target Changed • Aug 22
Price target increased by 12% to ₹195 Up from ₹174, the current price target is an average from 2 analysts. New target price is 28% above last closing price of ₹152. Stock is down 2.4% over the past year. The company posted earnings per share of ₹11.46 last year. Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: ₹2.09 (vs ₹2.96 in 1Q 2024) First quarter 2025 results: EPS: ₹2.09 (down from ₹2.96 in 1Q 2024). Revenue: ₹7.38b (up 8.2% from 1Q 2024). Net income: ₹205.6m (down 30% from 1Q 2024). Profit margin: 2.8% (down from 4.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
Himatsingka Seide Limited to Report Q1, 2025 Results on Aug 03, 2024 Himatsingka Seide Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 03, 2024 Price Target Changed • Jun 10
Price target decreased by 10% to ₹174 Down from ₹193, the current price target is an average from 2 analysts. New target price is 33% above last closing price of ₹131. Stock is up 17% over the past year. The company posted earnings per share of ₹11.46 last year. Reported Earnings • May 25
Full year 2024 earnings released: EPS: ₹11.46 (vs ₹6.51 loss in FY 2023) Full year 2024 results: EPS: ₹11.46 (up from ₹6.51 loss in FY 2023). Revenue: ₹28.6b (up 6.9% from FY 2023). Net income: ₹1.13b (up ₹1.77b from FY 2023). Profit margin: 3.9% (up from net loss in FY 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Announcement • May 17
Himatsingka Seide Limited to Report Q4, 2024 Results on May 23, 2024 Himatsingka Seide Limited announced that they will report Q4, 2024 results at 12:08 PM, Indian Standard Time on May 23, 2024 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹143, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 26x in the Luxury industry in India. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹118, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 25x in the Luxury industry in India. Total loss to shareholders of 23% over the past three years. New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings have declined by 16% per year over the past 5 years. Board Change • Feb 05
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Shyam Powar was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: ₹3.16 (vs ₹0.22 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.16 (up from ₹0.22 in 3Q 2023). Revenue: ₹7.25b (down 1.6% from 3Q 2023). Net income: ₹311.6m (up ₹289.6m from 3Q 2023). Profit margin: 4.3% (up from 0.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Announcement • Feb 03
Himatsingka Seide Limited Appoints Bindu D. as Company Secretary, Effective February 03, 2024 The Board of Directors of Himatsingka Seide Limited, at the meeting held on February 02, 2024 has approved the appointment of Ms. Bindu D. (Membership No ACS 23290) as the Company Secretary & Compliance Officer of the Company with effect from February 03, 2024. Bindu is a qualified Company Secretary from The Institute of Company Secretaries of India. She has also completed her Masters of Commerce from Osmania University, Hyderabad. Bindu carries with her around 16 years of experience in the field of corporate compliance and company law related matters. Announcement • Feb 01
Himatsingka Seide Limited Appoints Manish Joshi as Nominee Director Himatsingka Seide Limited announced that Export-Import Bank of India has appointed Mr. Manish Joshi, General Manager, EXIM Bank as a Nominee Director on the Board of the Company. Mr. Manish Joshi has over 26 years of experience in various functions of banking. He joined EXIM Bank in 2011 and is currently placed at the Credit Appraisal Group of the Bank. He has served in various groups of the Bank, including Corporate Banking Group and at the Bank's New Delhi regional office. Before joining EXIM Bank, Mr. Joshi was working with State Bank of India where he served the Bank across various locations and offices/branches during his 15-year tenure. He has graduated in Electronics Engineering and holds a master's degree from Indian Institute of Management, Indore. He is also a Certified Associate of Indian Institute of Bankers. Announcement • Jan 30
Himatsingka Seide Limited Announces the Resignation of Mr. M. Sridhar as Company Secretary / Compliance Officer, Effective February 2, 2024 Himatsingka Seide Limited informed that Mr. M. Sridhar, Company Secretary & Compliance Officer has tendered his resignation from the position of Company Secretary & Compliance Officer vide letter dated January 30, 2024 to pursue opportunities outside the Company and will be relieved from the services of the Company with effect from close of business hours of February 02, 2024. Announcement • Jan 27
Himatsingka Seide Limited to Report Q3, 2024 Results on Feb 02, 2024 Himatsingka Seide Limited announced that they will report Q3, 2024 results on Feb 02, 2024 New Risk • Nov 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹169, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 21x in the Luxury industry in India. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹118 per share. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: ₹2.92 (vs ₹3.44 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹2.92 (up from ₹3.44 loss in 2Q 2023). Revenue: ₹7.48b (up 22% from 2Q 2023). Net income: ₹287.8m (up ₹626.7m from 2Q 2023). Profit margin: 3.8% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 30% per year over the past 5 years. Announcement • Nov 01
Himatsingka Seide Limited to Report Q2, 2024 Results on Nov 07, 2023 Himatsingka Seide Limited announced that they will report Q2, 2024 results on Nov 07, 2023 Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹154, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹104 per share. Announcement • Sep 27
Himatsingka Group Unveils Himeya, Its Exclusive Bedding and Bath Products Brand with A Pan India Presence Himatsingka Group launched its Himeya brand for bedding & bath products that will be available across the country. With the launch of the Himeya brand, Himatsingka brings its global expertise in home textiles to the growing Indian market. The brand was unveiled at the JW Marriott, Prestige Golfshire Bangalore. Himeya is on a mission to make homes across the country truly special by providing households & institutional audiences industry leading bedding & bath products. The brand endeavors to deliver its promise of "Ghar Banaye Special" - making homes across India truly special. Himeya will cater to a cross section of audiences with its Comfort, Elite, Gold & Play Collections. Himeya will be both affordable and aspirational for its customers and the brand will be available across Multi-Brand Outlets (MBOs), Large Formats Stores & various Dotcom platforms. Himeya embodies the true spirit of Make in India. The products are proudly made at Himatsingka's world-class and cutting-edge manufacturing facilities in India. Announcement • Sep 07
Himatsingka Seide Limited, Annual General Meeting, Sep 28, 2023 Himatsingka Seide Limited, Annual General Meeting, Sep 28, 2023, at 12:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Board's Report and Report of Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Report of Auditors thereon; to re-appoint Mr. S. Shanmuga Sundaram, as a Director who retires by rotation and being eligible, offers himself for re-appointment; to approve the payment of Remuneration to Non- Executive Directors; and to discuss other matters. Major Estimate Revision • Aug 18
Consensus EPS estimates increase by 140%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from ₹29.7b to ₹27.6b. EPS estimate rose from ₹4.80 to ₹11.50. Net income forecast to grow 528% next year vs 46% growth forecast for Luxury industry in India. Consensus price target up from ₹130 to ₹150. Share price rose 7.5% to ₹143 over the past week. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹2.96 (vs ₹5.56 loss in 1Q 2023) First quarter 2024 results: EPS: ₹2.96 (up from ₹5.56 loss in 1Q 2023). Revenue: ₹6.87b (up 7.6% from 1Q 2023). Net income: ₹291.5m (up ₹838.8m from 1Q 2023). Profit margin: 4.2% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Himatsingka Seide Limited to Report Q1, 2024 Results on Aug 10, 2023 Himatsingka Seide Limited announced that they will report Q1, 2024 results on Aug 10, 2023 New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Jun 29
Himatsingka Seide Limited Announces Cessation of Manish Joshi as Nominee Director Himatsingka Seide Limited announced that Export-Import Bank of India (EXIM Bank) has withdrawn the nomination of Mr. Manish Joshi as a Nominee Director from the Board of the Company with effect from June 28, 2023. In the view of the same, Mr. Manish Joshi, has ceased to be a Nominee Director on the Board of the Company. Following the above-mentioned change, the total strength of the Board is 6 directors, out of which 3 Directors (50% of the total strength) are Independent Directors and 3 Directors (50% of the total strength) are Executive Directors. Price Target Changed • Jun 02
Price target increased by 16% to ₹109 Up from ₹93.50, the current price target is an average from 2 analysts. New target price is 6.4% above last closing price of ₹102. Stock is down 15% over the past year. The company is forecast to post earnings per share of ₹3.55 next year compared to a net loss per share of ₹6.51 last year. Reported Earnings • Jun 01
Full year 2023 earnings released: ₹6.51 loss per share (vs ₹14.30 profit in FY 2022) Full year 2023 results: ₹6.51 loss per share (down from ₹14.30 profit in FY 2022). Revenue: ₹27.5b (down 14% from FY 2022). Net loss: ₹640.7m (down 146% from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year. Announcement • May 31
Himatsingka Seide Limited Announces Resignation of Rajiv Khaitan as Non-Executive - Independent Director Himatsingka Seide Limited announced that resignation of Mr. Rajiv Khaitan as Non-Executive - Independent Director, with effect from May 30, 2023 due to his preoccupation with personal and professional engagements. Announcement • May 25
Himatsingka Seide Limited to Report Q4, 2023 Results on May 30, 2023 Himatsingka Seide Limited announced that they will report Q4, 2023 results on May 30, 2023 Price Target Changed • Mar 16
Price target decreased by 14% to ₹93.50 Down from ₹109, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₹76.55. Stock is down 53% over the past year. The company is forecast to post earnings per share of ₹0.10 for next year compared to ₹14.30 last year. Board Change • Mar 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Harminder Sahni was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 12
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ₹0.22 (down from ₹2.75 in 3Q 2022). Revenue: ₹7.50b (down 5.1% from 3Q 2022). Net income: ₹22.0m (down 92% from 3Q 2022). Profit margin: 0.3% (down from 3.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 27%. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Himatsingka Seide Limited to Report Q3, 2023 Results on Feb 11, 2023 Himatsingka Seide Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Announcement • Jan 03
Himatsingka Seide Limited Announces the Resignation of Raja Venkataraman as Independent Director Himatsingka Seide Limited announced that Mr. Raja Venkataraman has tendered his resignation as Independent Director of the Company with effect from January 2, 2023 on account of pre-occupation with his own business and paucity of time. Mr. Raja Venkataraman resigned on account of pre-occupation with his own business and paucity of time. Reported Earnings • Nov 16
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: ₹3.44 loss per share (down from ₹4.88 profit in 2Q 2022). Revenue: ₹6.40b (down 21% from 2Q 2022). Net loss: ₹338.9m (down 171% from profit in 2Q 2022). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.