Himatsingka Seide
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Consumer firms lock horns with India regulator over colorful health warnings on packaging
Industry pushed back on such warning labels in tense March meeting with regulator
Big Food under pressure from activists, changing tastes of Indian middle class
Activists scrutinize packaged food for ingredients they consider inferior
By Aditya Kalra and Richa Naidu
NEW DELHI/LONDON, Aug 25 (Reuters) - A can of Fanta sold in London has 63 calories. Buy the same brand in India, and it contains three times as much sugar. It also includes artificial dye, whose presence in food products in Europe requires a prominent health warning.
In India, the colorant’s presence is noted merely in small print on the back of the can. That suits some of the world’s biggest companies, which have long resisted Indian efforts to mandate nutritional warnings on the front of packaged products.
Consumer giants like Coca-Cola, which makes Fanta, appear to have the advantage. India’s food-safety regulator said in August that it had abandoned a push for colorful warnings on the front of food packaging. It said such warning labels don't account for how Indian cuisine has more intense flavors than Western food and instead proposed that companies display a black-and-white table of sugar, fat and salt content.
India's Supreme Court is scrutinizing that decision after a petition by public health activists. At stake are the waistlines of the 450 million Indians who could be obese or overweight by 2050, according to a recent study published in the journal Lancet. Experts say more transparency in labeling can forge healthier eating habits. At their urging, roughly 20 nations have adopted interpretive labels — which may include highlighting high sugar levels in red and low fat content in green — on the front of packaged foods.
The Food Safety and Standards Authority of India buckled after a tense March meeting with industry executives, who argued that such warning labels were confusing and ineffective, according to recordings reviewed by Reuters. Executives also urged regulators to focus on encouraging portion control.
Details of the meeting are reported by Reuters for the first time.
It is “very simplistic” to believe that a consumer who doesn’t already read ingredient lists “will be so informed by seeing a symbol or an icon on the label” that their diet significantly improves, senior Coca-Cola India executive Mili Bhattacharya said at the March 19 meeting.
She added that warning labels were pointless because they would not prevent consumers from otherwise having sugary and salty foods. And they were unnecessary because Indian doctors had done a good job teaching their patients what food should be avoided.
Coca-Cola and its bottling partners, however, have voluntarily added traffic-light-style labels to their drinks in some two dozen European markets. Such labels provide “clear and transparent” information, Coca-Cola HBC, a Switzerland-based affiliate, says on its website.
Nestle is a member of Indian lobbies that fought the regulator’s erstwhile proposals. But the company has voluntarily used interpretive labels in Britain since 2013.
Coca-Cola and Nestle declined to comment for this article.
For this report, Reuters reviewed the audio recordings, hundreds of pages of government and corporate documents, and interviewed 11 industry executives and health experts.
Several food companies have filed legal complaints against social-media influencers who have criticized how they market their products in India.
The threat that warning labels pose to profits means the industry is incentivized “to hold out for as long as possible, not informing the Indian public about the healthiness of the foods that they're selling," said Simone Pettigrew, head of food policy at the George Institute for Global Health in Australia.
Lobbying by interest groups has “almost paralyzed” regulators from enacting tougher standards, said Pettigrew, who has researched front-of-pack labels in more than two dozen countries.
The FSSAI declined to comment, citing ongoing court proceedings involving labeling policy.
MAKE INDIA HEALTHY (AGAIN)?
Nearly 80% of products made by India’s over $100 billion packaged food and beverages market could be regarded as high in fat, sugar and salt, according to industry estimates.
That means packaging would be awash in red if the industry adopted color-coded warning labels, Deepak Jolly of the Ind Food & Beverage Association said at the March meeting with regulators.
IFBA, which represents companies including PepsiCo, said in response to Reuters questions that it wants more clarity from regulators. Current proposals, it said, might lead to "high sugar" warning labels on coconut water packs that contain only natural sugar.
Indian regulators since 2017 have floated proposals such as prominent color-coded warnings and star ratings that indicate a product’s nutritional value. But producers are required only to list ingredients and basic nutritional information on the back of packaging.
Health activists seeking greater transparency have petitioned the Supreme Court, which in February directed regulators to consider warning labels. It suggested that the agency examine Israel’s system of red-and-green messaging.
After the March meeting with industry, however, the FSSAI backed off on interpretive labeling. It told the court in August that it was “difficult” to match international standards on packaging, echoing the industry position.
That earned it a rebuke from judges, who said “the world should know that India is very much concerned about the overall health of its citizens.”
As India grows more affluent, middle-class consumers have also become more conscious of their health. Monthly sales of weight-loss drugs that reduce appetites have grown 400% since early 2025, according to market-research firm Pharmarack.
On social media, activists and influencers are campaigning against processed and packaged food.
Among them is Revant Himatsingka. The former McKinsey management consultant has built an audience of more than 5 million across YouTube and Instagram, where the 34-year-old goes by the name Food Pharmer.
The videos have occasionally landed him in hot water. In 2023, Himatsingka made a clip that criticized the amount of sugar and artificial sweetener used in PepsiCo's Sting caffeine drink. The beverage, marketed as an energy drink, is popular with young people in India.
PepsiCo successfully sought a take-down order from a Delhi court. It argued that the claims made in the video were false and intended to instigate a campaign against the beverage.
Indian regulators in July ordered PepsiCo and other companies to drop the “energy drink” label in 90 days.
PepsiCo did not respond to questions.
TALE OF TWO RECIPES
Multinational food producers often make different versions of the same products to comply with local regulations, tastes and spending capacity. Mexican Coke, for instance, has achieved cult status due to its less-syrupy taste.
“Pricing and affordability are one of the biggest reasons recipes differ so much across countries," said former Mondelez executive Parul Sharma.
But in India, many consumers feel that they are being sold inferior products, said Himatsingka, who has made videos that unfavorably compare the ingredients in the Indian version of Fanta and Nestle’s KitKat against those sold in Europe and Australia.
Indian standard KitKats have 4.5% cocoa solids, while the milk chocolate in the Australian version contains at least 22% cocoa. All variants of Nestle’s Maggi instant noodles sold in India are made with palm oil, whereas many versions sold in Britain use pricier sunflower oil. Many of the Maggi packets sold in Britain are made in India, but they carry red front-of-pack labels warning of their high salt content.
“It is the frustration of feeling cheated," Himatsingka said.
There are some signs that changing consumer tastes are forcing companies to evolve.
Nestle in 2024, for instance, announced it would start selling sugar-free Cerelac baby food in India. Activists, including Himatsingka, had complained that for 50 years, only the version that contained sugar was sold in the country.
The company has long sold sugar-free Cerelac elsewhere.
(Reporting by Aditya Kalra in New Delhi and Richa Naidu in London; Editing by Lisa Jucca and Katerina Ang)
Consumer firms lock horns with India regulator over colorful health warnings on packaging
Industry pushed back on such warning labels in tense March meeting with regulator
Big Food under pressure from activists, changing tastes of Indian middle class
Activists scrutinize packaged food for ingredients they consider inferior
By Aditya Kalra and Richa Naidu
NEW DELHI/LONDON, Aug 25 (Reuters) - A can of Fanta sold in London has 63 calories. Buy the same brand in India, and it contains three times as much sugar. It also includes artificial dye, whose presence in food products in Europe requires a prominent health warning.
In India, the colorant’s presence is noted merely in small print on the back of the can. That suits some of the world’s biggest companies, which have long resisted Indian efforts to mandate nutritional warnings on the front of packaged products.
Consumer giants like Coca-Cola, which makes Fanta, appear to have the advantage. India’s food-safety regulator said in August that it had abandoned a push for colorful warnings on the front of food packaging. It said such warning labels don't account for how Indian cuisine has more intense flavors than Western food and instead proposed that companies display a black-and-white table of sugar, fat and salt content.
India's Supreme Court is scrutinizing that decision after a petition by public health activists. At stake are the waistlines of the 450 million Indians who could be obese or overweight by 2050, according to a recent study published in the journal Lancet. Experts say more transparency in labeling can forge healthier eating habits. At their urging, roughly 20 nations have adopted interpretive labels — which may include highlighting high sugar levels in red and low fat content in green — on the front of packaged foods.
The Food Safety and Standards Authority of India buckled after a tense March meeting with industry executives, who argued that such warning labels were confusing and ineffective, according to recordings reviewed by Reuters. Executives also urged regulators to focus on encouraging portion control.
Details of the meeting are reported by Reuters for the first time.
It is “very simplistic” to believe that a consumer who doesn’t already read ingredient lists “will be so informed by seeing a symbol or an icon on the label” that their diet significantly improves, senior Coca-Cola India executive Mili Bhattacharya said at the March 19 meeting.
She added that warning labels were pointless because they would not prevent consumers from otherwise having sugary and salty foods. And they were unnecessary because Indian doctors had done a good job teaching their patients what food should be avoided.
Coca-Cola and its bottling partners, however, have voluntarily added traffic-light-style labels to their drinks in some two dozen European markets. Such labels provide “clear and transparent” information, Coca-Cola HBC, a Switzerland-based affiliate, says on its website.
Nestle is a member of Indian lobbies that fought the regulator’s erstwhile proposals. But the company has voluntarily used interpretive labels in Britain since 2013.
Coca-Cola and Nestle declined to comment for this article.
For this report, Reuters reviewed the audio recordings, hundreds of pages of government and corporate documents, and interviewed 11 industry executives and health experts.
Several food companies have filed legal complaints against social-media influencers who have criticized how they market their products in India.
The threat that warning labels pose to profits means the industry is incentivized “to hold out for as long as possible, not informing the Indian public about the healthiness of the foods that they're selling," said Simone Pettigrew, head of food policy at the George Institute for Global Health in Australia.
Lobbying by interest groups has “almost paralyzed” regulators from enacting tougher standards, said Pettigrew, who has researched front-of-pack labels in more than two dozen countries.
The FSSAI declined to comment, citing ongoing court proceedings involving labeling policy.
MAKE INDIA HEALTHY (AGAIN)?
Nearly 80% of products made by India’s over $100 billion packaged food and beverages market could be regarded as high in fat, sugar and salt, according to industry estimates.
That means packaging would be awash in red if the industry adopted color-coded warning labels, Deepak Jolly of the Ind Food & Beverage Association said at the March meeting with regulators.
IFBA, which represents companies including PepsiCo, said in response to Reuters questions that it wants more clarity from regulators. Current proposals, it said, might lead to "high sugar" warning labels on coconut water packs that contain only natural sugar.
Indian regulators since 2017 have floated proposals such as prominent color-coded warnings and star ratings that indicate a product’s nutritional value. But producers are required only to list ingredients and basic nutritional information on the back of packaging.
Health activists seeking greater transparency have petitioned the Supreme Court, which in February directed regulators to consider warning labels. It suggested that the agency examine Israel’s system of red-and-green messaging.
After the March meeting with industry, however, the FSSAI backed off on interpretive labeling. It told the court in August that it was “difficult” to match international standards on packaging, echoing the industry position.
That earned it a rebuke from judges, who said “the world should know that India is very much concerned about the overall health of its citizens.”
As India grows more affluent, middle-class consumers have also become more conscious of their health. Monthly sales of weight-loss drugs that reduce appetites have grown 400% since early 2025, according to market-research firm Pharmarack.
On social media, activists and influencers are campaigning against processed and packaged food.
Among them is Revant Himatsingka. The former McKinsey management consultant has built an audience of more than 5 million across YouTube and Instagram, where the 34-year-old goes by the name Food Pharmer.
The videos have occasionally landed him in hot water. In 2023, Himatsingka made a clip that criticized the amount of sugar and artificial sweetener used in PepsiCo's Sting caffeine drink. The beverage, marketed as an energy drink, is popular with young people in India.
PepsiCo successfully sought a take-down order from a Delhi court. It argued that the claims made in the video were false and intended to instigate a campaign against the beverage.
Indian regulators in July ordered PepsiCo and other companies to drop the “energy drink” label in 90 days.
PepsiCo did not respond to questions.
TALE OF TWO RECIPES
Multinational food producers often make different versions of the same products to comply with local regulations, tastes and spending capacity. Mexican Coke, for instance, has achieved cult status due to its less-syrupy taste.
“Pricing and affordability are one of the biggest reasons recipes differ so much across countries," said former Mondelez executive Parul Sharma.
But in India, many consumers feel that they are being sold inferior products, said Himatsingka, who has made videos that unfavorably compare the ingredients in the Indian version of Fanta and Nestle’s KitKat against those sold in Europe and Australia.
Indian standard KitKats have 4.5% cocoa solids, while the milk chocolate in the Australian version contains at least 22% cocoa. All variants of Nestle’s Maggi instant noodles sold in India are made with palm oil, whereas many versions sold in Britain use pricier sunflower oil. Many of the Maggi packets sold in Britain are made in India, but they carry red front-of-pack labels warning of their high salt content.
“It is the frustration of feeling cheated," Himatsingka said.
There are some signs that changing consumer tastes are forcing companies to evolve.
Nestle in 2024, for instance, announced it would start selling sugar-free Cerelac baby food in India. Activists, including Himatsingka, had complained that for 50 years, only the version that contained sugar was sold in the country.
The company has long sold sugar-free Cerelac elsewhere.
(Reporting by Aditya Kalra in New Delhi and Richa Naidu in London; Editing by Lisa Jucca and Katerina Ang)
June 29 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE - APPROVES ISSUE OF SERIES 1 LISTED NCDS AGGREGATING TO 5.50 BILLION RUPEES
Source text: ID:nBSE27bb3T
Further company coverage: HMSD.NS
(([email protected];))
June 29 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE - APPROVES ISSUE OF SERIES 1 LISTED NCDS AGGREGATING TO 5.50 BILLION RUPEES
Source text: ID:nBSE27bb3T
Further company coverage: HMSD.NS
(([email protected];))
May 27 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE - APPROVES ISSUANCE OF NCDS AGGREGATING TO 500 MILLION RUPEES ON PRIVATE PLACEMENT
HIMATSINGKA SEIDE - ISSUE OF SERIES “1” NCDS WORTH 5.50 BILLION RUPEES WITH GREEN SHOE OPTION UP TO 2.5 BILLION RUPEES
Source text: ID:nBSE79tGrj
Further company coverage: HMSD.NS
(([email protected];;))
May 27 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE - APPROVES ISSUANCE OF NCDS AGGREGATING TO 500 MILLION RUPEES ON PRIVATE PLACEMENT
HIMATSINGKA SEIDE - ISSUE OF SERIES “1” NCDS WORTH 5.50 BILLION RUPEES WITH GREEN SHOE OPTION UP TO 2.5 BILLION RUPEES
Source text: ID:nBSE79tGrj
Further company coverage: HMSD.NS
(([email protected];;))
April 1 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
GETS TAX ORDER WHEREIN ADDITIONS PROPOSED TO EXTENT OF 517 MILLION RUPEES
Source text: ID:nNSE819Jlt
Further company coverage: HMSD.NS
(([email protected];;))
April 1 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
GETS TAX ORDER WHEREIN ADDITIONS PROPOSED TO EXTENT OF 517 MILLION RUPEES
Source text: ID:nNSE819Jlt
Further company coverage: HMSD.NS
(([email protected];;))
Feb 11 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE DEC-QUARTER CONSOL PROFIT 76.6 MILLION RUPEES
HIMATSINGKA SEIDE DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.11 BILLION RUPEES
Source text: ID:nBSE7M08fW
Further company coverage: HMSD.NS
(([email protected];))
Feb 11 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE DEC-QUARTER CONSOL PROFIT 76.6 MILLION RUPEES
HIMATSINGKA SEIDE DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.11 BILLION RUPEES
Source text: ID:nBSE7M08fW
Further company coverage: HMSD.NS
(([email protected];))
Sept 2 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE LTD - APPROVED RAISING FUNDS THROUGH SECURITIES ISSUANCE
Source text: ID:nBSE4HhzBB
Further company coverage: HMSD.NS
(([email protected];))
Sept 2 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE LTD - APPROVED RAISING FUNDS THROUGH SECURITIES ISSUANCE
Source text: ID:nBSE4HhzBB
Further company coverage: HMSD.NS
(([email protected];))
April 17 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
APPROVES ISSUANCE OF NCDS WORTH 650 MILLION RUPEES
Source text: ID:nBSE4ZqgCM
Further company coverage: HMSD.NS
(([email protected];;))
April 17 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
APPROVES ISSUANCE OF NCDS WORTH 650 MILLION RUPEES
Source text: ID:nBSE4ZqgCM
Further company coverage: HMSD.NS
(([email protected];;))
** Shares of Himatsingka Seide Ltd HMSD.NS drop 3.9% to 137.74 rupees
** Textiles firm reported 30% drop in Q3 profit on Wednesday, hurt by recalibration of some of its brands that led to lower production of its sheets and towels
** HMSD's rev dropped 4.4% in Q3
** Stock drops for 6th straight session, losing 17% in that period; set for longest losing-run since end-Sept 2024
** HMSD down ~27% YTD vs 12.4% rise in 2024
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Himatsingka Seide Ltd HMSD.NS drop 3.9% to 137.74 rupees
** Textiles firm reported 30% drop in Q3 profit on Wednesday, hurt by recalibration of some of its brands that led to lower production of its sheets and towels
** HMSD's rev dropped 4.4% in Q3
** Stock drops for 6th straight session, losing 17% in that period; set for longest losing-run since end-Sept 2024
** HMSD down ~27% YTD vs 12.4% rise in 2024
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Feb 12 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
DEC-QUARTER CONSOL PROFIT 218.4 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.91 BILLION RUPEES
Source text: [ID:]
Further company coverage: HMSD.NS
(([email protected];;))
Feb 12 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
DEC-QUARTER CONSOL PROFIT 218.4 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.91 BILLION RUPEES
Source text: [ID:]
Further company coverage: HMSD.NS
(([email protected];;))
Nov 14 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE SEPT-QUARTER CONSOL PROFIT 217 MILLION RUPEES
HIMATSINGKA SEIDE SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.94 BILLION RUPEES
Source text: [ID:]
Further company coverage: HMSD.NS
(([email protected];))
Nov 14 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE SEPT-QUARTER CONSOL PROFIT 217 MILLION RUPEES
HIMATSINGKA SEIDE SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.94 BILLION RUPEES
Source text: [ID:]
Further company coverage: HMSD.NS
(([email protected];))
Oct 30 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
COMPLETES 4 BILLION RUPEES QIP
Source text: ID:nnAPN2D0JBE
Further company coverage: HMSD.NS
(([email protected];;))
Oct 30 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
COMPLETES 4 BILLION RUPEES QIP
Source text: ID:nnAPN2D0JBE
Further company coverage: HMSD.NS
(([email protected];;))
July 2 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE - INVESTED 40 MILLION RUPEES IN ISHARAYS ENERGY ONE
Source text for Eikon: ID:nNSE5BK06X
Further company coverage: HMSD.NS
(([email protected];))
July 2 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE - INVESTED 40 MILLION RUPEES IN ISHARAYS ENERGY ONE
Source text for Eikon: ID:nNSE5BK06X
Further company coverage: HMSD.NS
(([email protected];))
April 8 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
FURTHER INVESTS 167.4 MILLION RUPEES IN UNIT
Source text for Eikon: [ID:]
Further company coverage: HMSD.NS
(([email protected];))
April 8 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
FURTHER INVESTS 167.4 MILLION RUPEES IN UNIT
Source text for Eikon: [ID:]
Further company coverage: HMSD.NS
(([email protected];))
Feb 2 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE DEC-QUARTER CONSOL PROFIT 311.6 MILLION RUPEES VERSUS PROFIT 22 MILLION RUPEES
HIMATSINGKA SEIDE DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.23 BILLION RUPEES VERSUS 7.37 BILLION RUPEES
Source text for Eikon: ID:nBSE9BJT8K
Further company coverage: HMSD.NS
(([email protected];))
Feb 2 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
HIMATSINGKA SEIDE DEC-QUARTER CONSOL PROFIT 311.6 MILLION RUPEES VERSUS PROFIT 22 MILLION RUPEES
HIMATSINGKA SEIDE DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 7.23 BILLION RUPEES VERSUS 7.37 BILLION RUPEES
Source text for Eikon: ID:nBSE9BJT8K
Further company coverage: HMSD.NS
(([email protected];))
Jan 22 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
TO CONSIDER RAISING OF FUNDS
Further company coverage: HMSD.NS
(([email protected];))
Jan 22 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
TO CONSIDER RAISING OF FUNDS
Further company coverage: HMSD.NS
(([email protected];))
** Shares of Himatsingka Seide HMSD.NS surge as much as 13.26% to a 15-month high of 140.95 rupees
** Stock rises after the textile firm posted consolidated profit of 291.5 mln rupees in the June quarter, versus a loss of 547.3 mln rupees in the year-ago period
** Revenue from operations rises ~1% to 6.82 bln rupees
** Improved capacity utilisation levels, softening raw material costs and easing of energy costs aided June-quarter performance: Himatsingka
** Stock is most active in more than two months, with a trading volume of 4.72 mln shares, seven times the 30-day avg - Refinitiv data
** HMSD stock up 57.89% in 2023 versus a 7.44% gain in Nifty 50 Index .NSEI
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
** Shares of Himatsingka Seide HMSD.NS surge as much as 13.26% to a 15-month high of 140.95 rupees
** Stock rises after the textile firm posted consolidated profit of 291.5 mln rupees in the June quarter, versus a loss of 547.3 mln rupees in the year-ago period
** Revenue from operations rises ~1% to 6.82 bln rupees
** Improved capacity utilisation levels, softening raw material costs and easing of energy costs aided June-quarter performance: Himatsingka
** Stock is most active in more than two months, with a trading volume of 4.72 mln shares, seven times the 30-day avg - Refinitiv data
** HMSD stock up 57.89% in 2023 versus a 7.44% gain in Nifty 50 Index .NSEI
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463))
Aug 10 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
INDIA'S HIMATSINGKA SEIDE LTD JUNE-QUARTER CONSOL PROFIT 291.5 MILLION RUPEES VERSUS LOSS 547.3 MILLION RUPEES
HIMATSINGKA SEIDE LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.82 BILLION RUPEES VERSUS 6.38 BILLION RUPEES
Source text for Eikon: ID:nBSE5SWGr2
Further company coverage: HMSD.NS
(([email protected];))
Aug 10 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
INDIA'S HIMATSINGKA SEIDE LTD JUNE-QUARTER CONSOL PROFIT 291.5 MILLION RUPEES VERSUS LOSS 547.3 MILLION RUPEES
HIMATSINGKA SEIDE LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.82 BILLION RUPEES VERSUS 6.38 BILLION RUPEES
Source text for Eikon: ID:nBSE5SWGr2
Further company coverage: HMSD.NS
(([email protected];))
June 23 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
APPROVED OPENING ISSUANCE OF SECOND TRANCHE OF NON-CONVERTIBLE DEBENTURES AGGREGATING TO 210 MILLION RUPEES
ISSUANCE ON PRIVATE PLACEMENT BASIS TO INTERNATIONAL FINANCE CORPORATION
Further company coverage: HMSD.NS
(([email protected];))
June 23 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
APPROVED OPENING ISSUANCE OF SECOND TRANCHE OF NON-CONVERTIBLE DEBENTURES AGGREGATING TO 210 MILLION RUPEES
ISSUANCE ON PRIVATE PLACEMENT BASIS TO INTERNATIONAL FINANCE CORPORATION
Further company coverage: HMSD.NS
(([email protected];))
** Indian textile sector poised to ride the next upcycle as home textiles and readymade garments players gain market share in key export markets of U.S., Europe amid receding global retail inventories, says brokerage Sharekhan
** Upgrades view on textile sector to "positive" from "neutral", citing brighter industry outlook from 2H of FY24
** "China Plus One" strategy, potential free trade agreements, falling cotton, crude prices can help earnings grow 20%-41% over FY23-25, for cos with focus on exports, higher capacity utilisation - Sharekhan analysts
** Gokaldas Exports Ltd GOKL.NS, KPR Mill Ltd KPRM.NS and S.P. Apparels Ltd SPAP.NS preferred picks in garment space, Himatsingka Seide Ltd HMSD.NS in home textile space
** Also initiates coverage on GOKL with "buy" rating, price target of 635 rupees
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Indian textile sector poised to ride the next upcycle as home textiles and readymade garments players gain market share in key export markets of U.S., Europe amid receding global retail inventories, says brokerage Sharekhan
** Upgrades view on textile sector to "positive" from "neutral", citing brighter industry outlook from 2H of FY24
** "China Plus One" strategy, potential free trade agreements, falling cotton, crude prices can help earnings grow 20%-41% over FY23-25, for cos with focus on exports, higher capacity utilisation - Sharekhan analysts
** Gokaldas Exports Ltd GOKL.NS, KPR Mill Ltd KPRM.NS and S.P. Apparels Ltd SPAP.NS preferred picks in garment space, Himatsingka Seide Ltd HMSD.NS in home textile space
** Also initiates coverage on GOKL with "buy" rating, price target of 635 rupees
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
May 30 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
INDIA'S HIMATSINGKA SEIDE LTD MARCH-QUARTER CONSOL PROFIT 223.5 MILLION RUPEES VERSUS PROFIT 80.4 MILLION RUPEES
HIMATSINGKA SEIDE LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.90 BILLION RUPEES VERSUS 7.65 BILLION RUPEES
HIMATSINGKA SEIDE LTD- REFRAINED FROM RECOMMENDING FINAL DIVIDEND
Source text for Eikon: [ID:]
Further company coverage: HMSD.NS
(([email protected];))
May 30 (Reuters) - Himatsingka Seide Ltd HMSD.NS:
INDIA'S HIMATSINGKA SEIDE LTD MARCH-QUARTER CONSOL PROFIT 223.5 MILLION RUPEES VERSUS PROFIT 80.4 MILLION RUPEES
HIMATSINGKA SEIDE LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.90 BILLION RUPEES VERSUS 7.65 BILLION RUPEES
HIMATSINGKA SEIDE LTD- REFRAINED FROM RECOMMENDING FINAL DIVIDEND
Source text for Eikon: [ID:]
Further company coverage: HMSD.NS
(([email protected];))
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What does Himatsingka Seide do?
Himatsingka Seide Limited is a global textile major with vast manufacturing capacities producing bedding, bath products, fabrics, and cotton yarn for owned and licensed brands.
Who are the competitors of Himatsingka Seide?
Himatsingka Seide major competitors are Faze Three, Raghuvir Synthetics, Bella Casa Fashion, KG Petrochem, Bombay Dyeing & Mfg., Sheela Foam, Indo Count Inds. Market Cap of Himatsingka Seide is ₹892 Crs. While the median market cap of its peers are ₹1,226 Crs.
Is Himatsingka Seide financially stable compared to its competitors?
Himatsingka Seide seems to be less financially stable compared to its competitors. Altman Z score of Himatsingka Seide is 1.22 and is ranked 8 out of its 8 competitors.
Does Himatsingka Seide pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Himatsingka Seide latest dividend payout ratio is 4.13% and 3yr average dividend payout ratio is 3.16%
How has Himatsingka Seide allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Himatsingka Seide balance sheet?
Himatsingka Seide balance sheet is weak and might have solvency issues
Is the profitablity of Himatsingka Seide improving?
No, profit is decreasing. The profit of Himatsingka Seide is ₹56.4 Crs for TTM, ₹76.04 Crs for Mar 2025 and ₹113 Crs for Mar 2024.
Is the debt of Himatsingka Seide increasing or decreasing?
Yes, The net debt of Himatsingka Seide is increasing. Latest net debt of Himatsingka Seide is ₹2,542 Crs as of Mar-26. This is greater than Mar-25 when it was ₹2,310 Crs.
Is Himatsingka Seide stock expensive?
Himatsingka Seide is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Himatsingka Seide is 15.92, while 3 year average PE is 17.92. Also latest EV/EBITDA of Himatsingka Seide is 10.34 while 3yr average is 9.67.
Has the share price of Himatsingka Seide grown faster than its competition?
Himatsingka Seide has given lower returns compared to its competitors. Himatsingka Seide has grown at ~-16.39% over the last 9yrs while peers have grown at a median rate of 0.91%
Is the promoter bullish about Himatsingka Seide?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Himatsingka Seide is 37.48% and last quarter promoter holding is 37.48%.
Are mutual funds buying/selling Himatsingka Seide?
There is Insufficient data to gauge this.