Himatsingka Seide

This home textiles company posted a good set of numbers for Q4FY17. On a consolidated net sales of Rs.584 crore, up 30% (YoY), it posted a good 26% jump in net profit at Rs.46 crore. The higher topline helped it cushion the 61% rise in total expenses. EBITDA came in at Rs.101 crore, up 16% while margins actually showed pressure – down from 19.4% to 17.3%.

The company ended the fiscal with a consolidated topline of Rs.2138 crore, up 13% and net profit came in at Rs.182 crore, up 45%. Equity stands at Rs.49.23 and EPS was at Rs.18.50 (FV of Rs.5). Reserve is at rs.1018 crore.

The problem with the company has been its debt. Its borrowings at end of Fy17 stood at Rs.1350 core and trade payables stood at Rs.268 crore. Interest outgo for Fy17 was hefty at Rs.93 crore.