Himatsingka Seide Limited (HIMATSEIDE)

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Himatsingka Seide Limited (HIMATSEIDE) · mywealthgrid

About

Himatsingka Seide Limited manufactures textile products in the Consumer Discretionary sector, with a market cap of ₹916.98 Cr. Positioned in other textile products within India's broader textiles and apparels industry, the company operates across standalone and consolidated entities.

Face value: ₹5

Market cap

₹806 Cr

P/E

14.4×

P/B

0.4×

Dividend yield

0.8%

ROE

ROCE

11.7%

Debt / equity

1.22

OPM

14.5%

EPS (TTM)

₹4.5

Book value

₹170.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

ROE of 2.97% indicates value destruction; verify management's plan to improve capital efficiency and returns on deployed capital
Stock declined 41.6% over 1 year and 45% from 52-week high (₹132.61 to ₹72.25), reflecting sustained shareholder losses
Operating margins highly volatile (7.69% to 18.59% across recent quarters); consolidated subsidiaries significantly drag profitability (₹1.41 Cr vs ₹8.01 Cr standalone in Mar 2026 despite 45% higher revenue)
Debt-to-equity of 1.22 limits financial flexibility in a cyclical textile sector if margins compress or demand weakens

Generated analysis · source review pending

Growth drivers

Operating margins recovered to 18.59% (Sep 2025) and 16.13% (Jun 2026), above the 14.49% company average; if sustained, margin improvement could drive earnings recovery despite flat revenue trends
Consolidated subsidiaries underperformed significantly in Mar 2026 (₹1.41 Cr profit vs ₹8.01 Cr standalone); restructuring or fixing this profitability drag could unlock substantial earnings upside
Textile sector growth depends on domestic and export demand recovery; verify current market conditions, government support for textile industry, and company's positioning to capture growth

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹64.2-1.2%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 4.9% (3-yr avg)
−Modest revenue growth of 2.2% a year over the last 5 years
−Weak interest coverage of 1.4×
−Low dividend payout of 11.2% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

34/100

Business quality: 19
Growth: 0
Valuation: 84

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,891	2,249	2,249	2,358	2,258	3,184	2,678	2,841	2,778	2,515
COGS	1,137	1,186	1,186	1,132	1,238	1,644	1,542	1,220	1,396	1,381
Gross profit	754	1,063	1,063	1,226	1,021	1,540	1,136	1,621	1,382	1,134
	459	615	615	809	732	1,010	865	1,025	868	770
	295	449	449	418	289	530	271	596	514	364
OPM %	15.6%	20%	20%	17.7%	12.8%	16.7%	10.1%	21%	18.5%	14.5%
Depreciation	67	72	72	126	152	158	164	158	151	164
Interest	93	104	104	195	177	181	257	296	316	291
	19	18	18	-11	14	20	75	21	-30	212
Profit before tax	154	290	290	85	-26	210	-75	163	17	122
Tax	29	89	89	72	27	70	-11	50	-59	60
Tax %	18.7%	30.6%	30.6%	84.4%	101.5%	33%	-14.8%	30.7%	-340.8%	49%
	125	202	202	13	-53	141	-64	113	76	62
PAT margin %	6.6%	9%	9%	0.6%	-2.4%	4.4%	-2.4%	4%	2.7%	2.5%
EPS (₹)	—	20.5	20.5	1.4	-5.4	14.3	-6.5	11.5	6.9	4.9
EPS adjusted (₹)	12.7	20.5	—	1.4	-5.4	14.3	-6.5	11.5	6.1	4.9
	—	12.2%	12.2%	37%	—	3.5%	—	2.2%	3.6%	5.1%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	49	49	49	49	49	49	49	63	63
Reserves	735	841	—	1,266	1,420	1,400	1,510	1,970	2,078
Minority interest	—	—	—	—	—	—	—	—	0
	732	974	—	2,467	2,805	2,695	2,798	2,539	2,619
	374	335	—	1,326	1,369	1,390	1,437	1,088	1,141
Total equity & liabilities	1,889	2,199	—	5,108	5,644	5,534	5,795	5,660	5,901
	961	1,012	2,675	3,184	3,176	3,084	2,947	2,518	2,519
CWIP	43	44	—	142	44	30	32	13	19
Investments	0	0	—	18	13	10	2	11	11
	885	1,144	—	1,763	2,410	2,410	2,814	3,117	3,351
Total assets	1,889	2,199	—	5,108	5,644	5,534	5,795	5,660	5,901

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	47.3%	52%	45.2%	48.4%	42.4%	57.1%	49.7%	45.1%
EBITDA margin %	20%	17.7%	12.8%	16.7%	10.1%	21%	18.5%	14.5%
EBIT margin %	16.7%	12.4%	6%	11.7%	4%	15.4%	13.1%	8%
PAT margin %	9%	0.6%	-2.4%	4.4%	-2.4%	4%	2.7%	2.5%
Working capital
Receivable days	—	—	54	46	91	116	143	173
Inventory days	—	—	235	251	209	293	263	323
Payable days	—	—	180	157	193	252	222	224
NWC days	—	—	108	140	108	157	184	272
Leverage
Current ratio	—	—	0.82	1.06	1.03	1.2	1.35	1.4
Debt to EBITDA	—	—	8.54	5.29	9.94	4.69	4.94	7.19
Debt to equity	—	—	1.88	1.91	1.86	1.79	1.25	1.22
Interest coverage	3.8	1.8	0.9	2.2	0.7	1.5	1.4	1.4
Asset turnover	—	—	0.44	0.56	0.48	0.49	0.49	0.43
Return ratios
Return on assets %	—	—	-1%	2.5%	-1.2%	1.9%	1.3%	1.1%
Return on capital employed %	—	—	4.7%	11.6%	5.3%	13.2%	12.1%	11.7%
Return on equity %	—	—	-4.1%	9.6%	-4.4%	7.2%	3.7%	2.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	47.57%	47.57%	47.57%	47.57%	47.57%	37.25%	37.25%	37.48%	37.48%	37.48%	37.48%	37.48%
	3.9%	4.04%	3.99%	3.76%	3.32%	12.06%	10.82%	10.71%	10.8%	10.7%	11.1%	7.44%
	1.24%	1.07%	0.99%	0.99%	0.41%	8.37%	8.54%	7.69%	7.13%	7.13%	5.66%	0.08%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	47.29%	47.32%	47.45%	47.68%	48.7%	42.32%	43.39%	44.12%	44.59%	44.69%	45.76%	55%
No. of shareholders	—	—	—	—	—	—	—	—	70,014	66,435	65,440	67,179

Promoter holding down 10.09 percentage points since Sep 2023.

18 deals · 11 Aug 2023 – 3 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Feb 2026	VARA FUTURE LLP	Bulk	BSE	Sell	6,67,889	₹117.93	₹7.88 Cr
3 Feb 2026	VARA FUTURE LLP	Bulk	BSE	Buy	42,275	₹117.70	₹0.50 Cr
6 Dec 2024	THE ROYAL BANK OF SCOTLAND PLC AS TRUSTEE OF JUPITER INDIA FUND	Bulk	NSE	Sell	6,90,779	₹195.22	₹13.49 Cr
30 Oct 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	5,48,035	₹172.00	₹9.43 Cr
30 Oct 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	5,24,544	₹171.67	₹9.00 Cr
24 Oct 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	5,11,149	₹161.17	₹8.24 Cr
24 Oct 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	4,86,521	₹162.49	₹7.91 Cr
17 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	5,31,060	₹159.79	₹8.49 Cr
17 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	5,31,060	₹159.86	₹8.49 Cr
16 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	5,37,585	₹152.70	₹8.21 Cr

1–10 of 18

1 / 2

Mr. Dinesh Kumar HimatsingkaExecutive Director-Chairperson related to Promoter
Mr. Shrikant HimatsingkaExecutive Director-MD
Mr. Harminder SahniNon-Executive - Independent Director
Ms. Sandhya VasudevanNon-Executive - Independent Director
Mr. Ravi KumarNon-Executive - Independent Director
Mr. Manish Krishnarao JoshiNon-Executive - Nominee Director
Mr. M. SankaranarayananPresident Finance & Group Chief Financial Officer
Ms. Bindu D.Company Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Himatsingka Seide Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

17

Final dividend17 Sept 2026 · ex-date₹0.25
Final dividend19 Sept 2025 · ex-date₹0.25
Final dividend20 Sept 2024 · ex-date₹0.25
Final dividend20 Sept 2022 · ex-date₹0.5
Final dividend18 Aug 2021 · ex-date₹0.5
Final dividend18 Sept 2020 · ex-date₹0.5
Special dividend13 Sept 2019 · ex-date₹1.5
Final dividend13 Sept 2019 · ex-date₹3.5
Final dividend12 Sept 2018 · ex-date₹2.5
Dividend dividend14 Sept 2017 · ex-date₹2.5
Final dividend8 Sept 2016 · ex-date₹1.5
Interim dividend22 Mar 2016 · ex-date₹1
Dividend dividend4 Sept 2015 · ex-date₹2
Dividend dividend8 Sept 2014 · ex-date₹1.5
Dividend dividend26 Jul 2013 · ex-date₹1
Dividend dividend9 Aug 2012 · ex-date₹0.5
Dividend dividend24 Aug 2010 · ex-date₹0.25

1

Board meeting to consider results12 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

29 announcementsExport CSV

1 Sept 2026, 7:54 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	47.3%	52%	45.2%	48.4%	42.4%	57.1%	49.7%	45.1%
EBITDA margin %	20%	17.7%	12.8%	16.7%	10.1%	21%	18.5%	14.5%
EBIT margin %	16.7%	12.4%	6%	11.7%	4%	15.4%	13.1%	8%
PAT margin %	9%	0.6%	-2.4%	4.4%	-2.4%	4%	2.7%	2.5%
Working capital
Receivable days	—	—	54	46	91	116	143	173
Inventory days	—	—	235	251	209	293	263	323
Payable days	—	—	180	157	193	252	222	224
NWC days	—	—	108	140	108	157	184	272
Leverage
Current ratio	—	—	0.82	1.06	1.03	1.2	1.35	1.4
Debt to EBITDA	—	—	8.54	5.29	9.94	4.69	4.94	7.19
Debt to equity	—	—	1.88	1.91	1.86	1.79	1.25	1.22
Interest coverage	3.8	1.8	0.9	2.2	0.7	1.5	1.4	1.4
Asset turnover	—	—	0.44	0.56	0.48	0.49	0.49	0.43
Return ratios
Return on assets %	—	—	-1%	2.5%	-1.2%	1.9%	1.3%	1.1%
Return on capital employed %	—	—	4.7%	11.6%	5.3%	13.2%	12.1%	11.7%
Return on equity %	—	—	-4.1%	9.6%	-4.4%	7.2%	3.7%	2.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

Date	Category	Subject	Filing
1 Sept 2026, 7:54 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 7:49 pm	Company Update General	Intimation Of Opening Of Trading Window Pursuant To SEBI (Prohibition Of Insider Trading) Regulations, 2015	PDF
28 Aug 2026, 8:28 pm	Company Update Allotment of Equity Shares	Announcement under Regulation 30 (LODR)-Allotment	PDF
25 Aug 2026, 9:01 pm	Company Update Issue of Securities	Announcement under Regulation 30 (LODR)-Issue of Securities	PDF
25 Aug 2026, 2:36 pm	Corp. Action Record Date	Thursday, September 17, 2026, As The Record Date For Determining The Members Eligible For Payment Of The Final Dividend For The Financial Year Ended March 31, 2026.	PDF
25 Aug 2026, 2:28 pm	Others Outcome without intimation	Board Meeting Outcome for Held On August 25, 2026	PDF
17 Aug 2026, 3:46 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF
13 Aug 2026, 7:44 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	181	186	434	576	68	354	322	235	204
	-123	-400	-204	-16	-136	2	-117	58	-8
	26	296	-348	-544	121	-401	-228	-258	-222
Net cash flow	84	82	-118	17	53	-45	-23	35	-26
Free cash flow	—	—	194	449	-80	344	274	235	177
CFO / Operating profit %	61.3%	41.4%	103.9%	199.5%	12.8%	130.7%	54.1%	45.7%	56%

Himatsingka Seide Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

17

1

Announcements

17

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Himatsingka Seide Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Dividends17

Board meetings1

Announcements

Dividends17

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

17

1

17

1