Himatsingka Seide Limited. (HIMATSEIDE) AI Stock Analysis

• Market Cap: ₹11.62B
• Dividend Yield: 0.21%
• Average Volume (3M): 30.69K
• Price to Earnings (P/E): 46.7
• Beta (1Y): 2.12
• Revenue Growth: -7.55%
• EPS Growth: -30.11%
• Country: IN
• Employees: 7,126
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.61
• Shares Outstanding: 125,742,290
• 10 Day Avg. Volume: 35,547
• 30 Day Avg. Volume: 30,690
• PEG Ratio: -0.63
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.69
• P/FCF Ratio: -13.99
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: ₹93.00 ▼(-17.55% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is held back primarily by weak financial performance—especially deteriorating cash flow, low profitability, and high leverage. Technicals are somewhat supportive in the near term (price above key shorter-term moving averages with elevated RSI/Stoch), but the negative MACD and price below the 200-day average temper the outlook. Valuation is moderate, with a low dividend yield providing little downside support.

Positive Factors

Business model & market reach

A focused premium home-textiles business serving global retail and institutional customers supports durable demand, repeat contracts and pricing power versus commodity sellers. Export orientation diversifies end markets, reducing reliance on any single geography over the next several quarters.

Vertical manufacturing integration

Control across the full manufacturing chain enables cost management, consistent quality and faster new-product rollout. Vertical integration tends to preserve margins and customer relationships over time, mitigating input-cost pass-through and supporting supply reliability for large retail clients.

Operational efficiency (EBITDA margin)

A reasonable EBITDA margin despite top-line pressure implies core manufacturing and operating processes are relatively efficient. Sustained EBITDA resilience helps absorb raw-material volatility and supports longer-term cash generation if revenue stabilizes or recovers.

Negative Factors

Falling revenue trend

A steep revenue fall reduces fixed-cost absorption and heightens reliance on smaller volumes to cover operating leverage. Persistent top-line contraction can erode customer scale, weaken negotiating power with large retailers, and threaten long-term earnings recovery without stabilized demand or new business wins.

Deteriorating cash flow

Negative free cash flow growth and weakening operating cash flow constrain the firm's ability to fund working capital, capex or debt service internally. Over several months this raises refinancing risk, may force higher-cost borrowing, and limits investment in growth or product development.

High leverage

Substantial debt relative to equity reduces financial flexibility and increases vulnerability to interest-cost shocks or weaker cash flows. High leverage limits capacity for strategic initiatives, makes covenant pressure more likely, and can slow recovery even if operations improve.

Himatsingka Seide Limited. Business Overview & Revenue Model

Company Description

Himatsingka Seide Limited manufactures, distributes, and sells home textile products in North America, India, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It offers bedding, bath, yarn and fiber, and drapery and upholstery solutions. The company is also involved in the retail and distribution activities. It offers its products under the Calvin Klein, Tommy Hilfiger, Kate Spade, Pimacott, Organicott, Homegrown, Royal Velvet, Gizacott, Himeya, Waverly, Barbara Barry, Bellora, and Atmosphere brands. The company was incorporated in 1985 and is headquartered in Bengaluru, India.

How the Company Makes Money

Himatsingka Seide Limited generates revenue primarily through the manufacturing and sale of textile products. The company has multiple revenue streams, including the sale of yarns, fabrics, and finished home textile products. Significant partnerships with global retailers and brands enhance its market presence and contribute to sales volume. Additionally, HIMATSEIDE benefits from economies of scale due to its large production capacity and integrated supply chain, which allows for cost efficiencies. The company also engages in export activities, tapping into international markets which further diversifies its revenue sources.

Himatsingka Seide Limited. Financial Statement Overview

Summary

Income statement trends show a sharp revenue decline (INR 53.55B to INR 27.78B) with low profitability and weaker gross margin. Balance sheet is supported by some equity growth but remains pressured by high leverage. Cash flow is the weakest area with deteriorating operating cash flow and negative free cash flow growth, raising liquidity and funding risk.

Income Statement

Himatsingka Seide Limited shows fluctuating revenue with a recent decline from INR 53.55 billion to INR 27.78 billion. The net profit margin remains low, indicating profitability challenges. The gross profit margin has decreased, reflecting increased cost pressures. However, the company maintains a reasonable EBITDA margin, suggesting operational efficiency.

Balance Sheet

The company's debt-to-equity ratio indicates high leverage, posing financial risk. Although equity has grown, it is overshadowed by substantial debt levels. The equity ratio shows a stable capital structure, but the return on equity is weakened by lower net income.

Cash Flow

The cash flow is under pressure with negative free cash flow growth, signaling potential liquidity issues. Operating cash flow has deteriorated, impacting the ability to fund operations without external financing. Free cash flow ratios are unfavorable, indicating reliance on debt for cash needs.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	27.00B	27.78B	28.41B	26.78B	29.40B	21.20B
Gross Profit	11.99B	9.61B	16.09B	38.13B	11.78B	8.49B
EBITDA	4.60B	4.85B	5.88B	3.64B	5.63B	3.04B
Net Income	663.82M	760.40M	1.13B	-640.70M	1.41B	-533.49M
Balance Sheet
Total Assets	0.00	56.60B	57.95B	55.34B	56.44B	51.08B
Cash, Cash Equivalents and Short-Term Investments	1.16B	1.16B	1.65B	1.17B	1.80B	1.43B
Total Debt	0.00	25.67B	28.98B	28.06B	29.22B	25.93B
Total Liabilities	-20.33B	36.27B	42.36B	40.85B	41.74B	37.92B
Stockholders Equity	20.33B	20.33B	15.59B	14.49B	14.70B	13.15B
Cash Flow
Free Cash Flow	0.00	-1.36B	2.74B	3.44B	-797.30M	4.49B
Operating Cash Flow	0.00	-1.13B	3.22B	3.54B	678.53M	5.76B
Investing Cash Flow	0.00	521.57M	-1.17B	21.90M	-1.36B	-155.29M
Financing Cash Flow	0.00	955.80M	-2.28B	-4.01B	1.21B	-5.44B

Himatsingka Seide Limited. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 112.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HIMATSEIDE, the sentiment is Negative. The current price of 112.8 is above the 20-day moving average (MA) of 105.44, above the 50-day MA of 107.10, and below the 200-day MA of 126.28, indicating a bearish trend. The MACD of -4.18 indicates Positive momentum. The RSI at 27.33 is Positive, neither overbought nor oversold. The STOCH value of 4.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HIMATSEIDE.

Himatsingka Seide Limited. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARVIND	69 Neutral	₹90.08B	21.31	―	1.18%	8.84%	41.74%
ICIL	67 Neutral	₹51.73B	57.24	―	0.74%	10.86%	-47.15%
RSWM	66 Neutral	₹6.82B	73.65	―	―	5.54%	―
GOKEX	65 Neutral	₹44.65B	92.98	―	―	22.27%	7.09%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
KITEX	59 Neutral	₹33.84B	-96.49	―	0.27%	20.41%	-6.50%
HIMATSEIDE	51 Neutral	₹11.62B	46.69	―	0.21%	-7.55%	-30.11%

Himatsingka Seide Limited. Corporate Events

Himatsingka Seide Raises Rs 100 Crore via Unlisted Series B NCDs on Private Placement

Himatsingka Seide Limited’s Securities Committee has approved the private placement and allotment of 1,000 unlisted, senior, secured, redeemable and transferable Series B non-convertible debentures, each with a face value of Rs 10 lakh, aggregating to Rs 100 crore. The rupee-denominated debentures carry an annual coupon of 11%, have a tenure of up to 39 months maturing on March 19, 2029, and are backed by a first pari passu charge on the company’s fixed assets at its Hassan and Doddaballapur plants, a negative lien on additional land at Hassan, and an exclusive charge over the subscription escrow account, signaling a structured debt-raising move that strengthens the company’s funding base without immediate equity dilution.

Himatsingka Seide Announces Retirement of Senior Executive

Himatsingka Seide Limited announced the retirement of Mr. Manu Kapur, President of Business Development (Group), Sales, effective December 15, 2025. This change in senior management is part of the company’s ongoing adjustments to its leadership team, which may impact its strategic direction and stakeholder relations.