Himatsingka Seide Ltd(HIMATSEIDE)

NSE: HIMATSEIDEBSE: 514043

₹ 53.24-4.18%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 669 crWebsite: www.himatsingka.comUpdated: 24 Oct 2026

About

Himatsingka Seide is a vertically integrated textile company. It designs, makes and distributes bedding, bath, drapery and upholstery products and cotton yarn, from four plants on two campuses in Karnataka. Revenue was Rs 2515.09 Cr in FY26. The company says it runs the world's largest cotton spinning plant under one roof, with 211,584 spindles, and that its bedding, bath and cotton yarn capacities are among the largest in the world.^[1][2]

Business verticals

As of Q1 FY27, the company is moving from Home Textile Solutions alone to four verticals: Home Textile, Yarn, Fabric and Apparel Solutions. It expects the change to be largely complete within about a year.^[3]
Q1 FY27: Yarn and Fabric Solutions are already bringing in early revenue. Apparel Solutions is due to launch in about 2 quarters.^[3]
Q1 FY27: management plans to scale back Sheeting revenue because of pricing and market-share pressure in the US, and expects Terry Towel to keep growing.^[3]

Products and brands

FY25: the company offered about 25,000 products across 10 portfolio brands.^[1]
FY25 retail brands: Himeya, Atmosphere, Liv, Bellora, Tranquil Nights and Highland Park.^[1]
FY25 ingredient brands: Pimacott, Gizacott, HomeGrown Cotton, Organicott, GRIPON and Crease Control.^[1]
FY25: the terry range was extended into kitchen towels and cleaning solutions. The company holds patented and licensed DNA tagging technology for tracing cotton.^[1]

Manufacturing capacity

FY25: cotton spinning plant with 211,584 spindles, the world's largest under one roof.^[1]
FY25: integrated sheeting plant for bedding with 61 MMPA capacity. Integrated terry towel plant for bath products with 25,000 TPA capacity.^[1]
FY25: luxury drapery and upholstery plant with 2 MMPA capacity.^[1]
Q1 FY27: combined sheeting and knit fabric processing capacity should reach about 90 million metres by the end of the year, shared between Home Textile and Fabric Solutions.^[3]

Capacity utilisation

Sheeting utilisation: 52% in Q1 FY27, vs 58% in Q3 FY26, 60% in Q2 FY26 and 60% in Q1 FY26.^[3][4][5][6]
Terry utilisation: 63% in Q1 FY27, vs 65% in Q3 FY26, 66% in Q2 FY26 and 68% in Q1 FY26.^[3][4][5][6]
Spinning utilisation: 99% in Q1 FY27, the same 99% as in Q3 FY26, Q2 FY26 and Q1 FY26.^[3][4][5][6]

Customers and markets

FY25: 320 clients worldwide, from regional retail majors to institutions, served through department stores, specialty stores, hypermarkets, clubs, multi-brand outlets and online.^[1]
Q2 FY26: the company served 38 countries. The US share of revenue was about 60-65%, and the target is to bring it below 50%.^[5]
Q1 FY26: US share was about 60%, down from more than 80% two fiscal years earlier.^[6]
Q1 FY26: Himeya was sold at 3,500-4,000 points of sale in India, and the target for Liv is 10,000-12,000.^[6]
Q3 FY26: India revenue target is INR400-500 cr within 2 years and INR800-1,000 cr over 4-5 years.^[4]
FY25: sales offices and warehouses in North America, Europe and India.^[1]

Expansion plans

Q1 FY27: Yarn Solutions has revenue potential of INR1,000 cr at full capacity, with more than 90% of spinning capacity to be sold to outside customers.^[3]
Q1 FY27: Fabric Solutions has revenue potential of INR1,000 cr at full capacity.^[3]
Q1 FY27: the new verticals use existing infrastructure, and capex is limited to maintenance levels.^[3]
Q1 FY27: management expects India to become the company's largest or second-largest market in the medium term.^[3]

Recent developments

30 Sep 2026: Akanksha Himatsingka resigned as CEO - Home Textile Solutions, and Debasmita Gupta resigned as Group General Counsel.^[7]
Q2 FY26: shareholders approved a resolution to raise up to INR500 cr of equity. Q1 FY27: the instrument and amount are still to be disclosed.^[5][3]
Q1 FY27: Middle East geopolitical issues pushed back some shipments.^[3]
FY25: the company acquired 47.30% of AMPIN Energy C&I Twenty Four, a solar energy company.^[1]
Q3 FY26: US tariffs were cut from 50% to 18%. The company expects the UK and EU free trade agreements to open those markets.^[4]

Market Cap

₹669 Cr

High / Low

₹129 / 52

Stock P/E

12.0

Price / Book

0.3

Book Value

₹170

EPS

₹4.9

No. of Shares

12.57 Cr

ROCE

8.8%

ROE

3.0%

OPM

15.1%

Debt / Equity

1.22

Sales

₹2,515 Cr

Net Profit

₹62 Cr

Promoter holding

37.5%

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