Himatsingka Seide Limited. (HIMATSEIDE) AI Stock Analysis

• Market Cap: ₹13.06B
• Dividend Yield: 0.21%
• Average Volume (3M): 30.69K
• Price to Earnings (P/E): 15.1
• Beta (1Y): 2.04
• Revenue Growth: -7.55%
• EPS Growth: -30.11%
• Country: IN
• Employees: 7,126
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 3.34
• 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: 50 Neutral
• Price Target: ₹104.00 ▼(-7.80% Downside)

The overall stock score reflects significant financial performance challenges, including high leverage and weak cash flow, which pose risks to liquidity and profitability. Technical analysis indicates neutral to bearish trends, while valuation metrics suggest potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Diversified revenue channels

Himatsingka's mix of branded sales, licensed products and private-label B2B contracts creates multiple durable revenue pathways. This diversification reduces customer concentration risk, supports repeat order visibility and helps smooth demand cycles across channels over months.

Operational efficiency (EBITDA margin)

A reasonable EBITDA margin indicates the company can extract operational leverage from manufacturing and processing. Sustained mid-to-high operating margins provide a buffer against input cost swings, supporting ongoing investments and debt servicing ability over the medium term.

Global retail and institutional customer base

Exposure to international retail and institutional markets expands the addressable market and reduces reliance on any single geography. Access to global buyers supports scale, premium product positioning and longer-term contract opportunities versus purely domestic players.

Negative Factors

High financial leverage

Elevated leverage raises refinancing and interest-service risk, limiting strategic flexibility. In a capital-intensive manufacturing business, high debt can force cost-cutting or asset sales, increasing vulnerability to demand shocks and reducing ability to fund growth or absorb margin pressures.

Weak cash flow and negative FCF growth

Negative free cash flow growth and deteriorating operating cash flow constrain the firm's ability to self-fund working capital and capex. Persistent cash deficits increase reliance on external financing, raising liquidity risk and undermining capacity for sustained investments or deleveraging.

Sharp revenue decline and margin compression

A marked drop in revenue and falling gross margins reduces operating leverage and profitability sustainability. Scale erosion can raise per-unit costs, weaken bargaining power with buyers, and impair returns on capital, making recovery and margin restoration more difficult over the medium term.

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

Himatsingka Seide Limited faces challenges in revenue growth and profitability, with high leverage increasing financial risk. Cash flow performance is weak, raising concerns about liquidity. Despite some operational strengths, the overall financial health is vulnerable to external pressures.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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: Negative
• RSI: Neutral
• STOCH: Neutral

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 103.69, above the 50-day MA of 111.92, and below the 200-day MA of 131.01, indicating a neutral trend. The MACD of -3.23 indicates Negative momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 71.00 is Neutral, 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	73 Outperform	₹82.03B	20.23	―	1.18%	8.84%	41.74%
RSWM	64 Neutral	₹6.62B	82.11	―	―	5.54%	―
ICIL	63 Neutral	₹46.75B	28.60	―	0.74%	10.86%	-47.15%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
KITEX	59 Neutral	₹34.12B	36.55	―	0.27%	20.41%	-6.50%
GOKEX	57 Neutral	₹40.33B	25.88	―	―	22.27%	7.09%
HIMATSEIDE	50 Neutral	₹13.06B	15.06	―	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.