About the Company:
The Himatsingka Group is a major Textile manufacturing Company and headquarted in Bengaluru, Karnataka (India).
Himatsingka is a vertically integrated home textiles company that is engaged in spinning, weaving and finishing of textiles.
Company manufactures, retails and distributes bedding, bath, drapery, upholstery, and lifestyle accessory products.
Company operates manufacturing facilities in India, and retail and distribution businesses across North America, Europe and Asia.
Company is solely in the export business and produces premium high quality branded products.
Company is Counted amongst the world’s largest producers of bed linen products
Its portfolio of brands includes Calvin Klein Home, Barbara Barry, Bellora, Kelly Wearstler, Beekman 1802, Pimacott, Atmosphere and Esprit.
Company is investing Rs 1281 crores for expanding the group’s manufacturing facility at Hassan, Karnataka.
With the investments it will be doubling its existing sheeting capacity from 23 million meters per annum to 46 million meters.
The investments entail an increase in its current sheeting capacity, backward integration into spinning and a foray into terry towels.
The investments are being carried out in phases.(the expansion was started in 2015 & currently underway and will be completed in 2018)
Company has incorporated a wholly-owned subsidiary in Europe which will help the company strengthen its distribution network in the EU (European Union).
The Group has design studios in New York, Milan and Bangalore and over the years have created an archive of over 25,000 product designs. (The design teams add over 1,500 new products to its library every year.)
In North & South America, the Group operates through its divisions “DWI Holdings” and “Divatex”. While DWI Holdings is the licensee of brands such as Calvin Klein Home and Barbara Barry, Divatex is the licensee of Esprit and caters to Private Label programs of major retailers.
In Europe, the Group has extensive retail and distribution networks and operates through its division “Guiseppe Bellora S.p.A”. Bellora is amongst the most recognized Italian luxury-bedding brand and has broad distribution reach across Italy and other parts of Western Europe.
In Asia, the Group operates through its division “Himatsingka Wovens”. This division controls the atmosphere brand and has retail networks in India, the Middle East and South East Asia.
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Positives for the Company:
- Experienced Management Team.
- Produces high quality branded products (Very High Demand in Europe & US).
- Strong distribution network across North America, Europe and Asia.
- Big Expansion projects going on.
- Company’s profit margins are increasing each year.
- CMP is around Rs.340 and Market cap is around Rs.3300 crores.
- Stock could give very good returns in the coming years.
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