HIMATSINGKA SEIDE LTD

Manufactures textiles across three product lines — yarn through spinning, woven fabric (sheeting), and terry towels — at manufacturing plants in Hassan and Doddaballapur, Karnataka. In FY26, total income was ₹2,727.24 crore, down 4.1% year-on-year from ₹2,843.27 crore in FY25, with the company attributing the dip to US tariff policies and geopolitical uncertainties that delayed shipments; Q4 FY26 saw a partial recovery with total income rising 5.8% year-on-year to ₹721.68 crore. Operating capacity is split unevenly across segments — spinning ran at 99% utilisation, while sheeting and terry towel operated at 56% and 63% respectively in FY26. EBITDA for FY26 was ₹576.67 crore at a margin of 21.1% (versus 20.4% the prior year), but PAT fell 18.4% to ₹62.24 crore for the full year and dropped 85.7% in Q4 to ₹1.73 crore, with the Q4 figure inflated by ₹95.69 crore in net forex gains from rupee depreciation. The cost structure is dominated by raw materials at 44.9% of revenue, with employee costs at 10.6% and depreciation at 6.5%. The Board approved raising up to ₹850 crore via non-convertible debentures for debt refinancing, and bank facilities of ₹2,738.98 crore carry a CRISIL rating of BBB+ with outlook revised to Negative (short-term A2 reaffirmed).