Reviews

HSIL LTD.

Ticker : 500187
FV: Rs.2
52-Week H/L : Rs.350.25/186



We had recommended HSIL Ltd. in volume no. 35, issue no. 24 (dated April 8, 2019), when the scrip was trading at Rs. 282.35. HSIL is India’s largest manufacturer of sanitaryware, faucets and glass bottles. The company’s products in building division include sanitaryware products and its packaging division products include glass containers, polyethylene terephthalate (PET) bottles, security caps, etc. QUEO, Amore, Hindware Italian collection, Garden Polymers are the company’s prominent brands. In Q1FY20, the company posted revenue of Rs. 439 crore, a decrease by 19 per cent YoY. The PBT for Q1FY20 stood at Rs. 22.23 crore, which is a significant increase of 680 per cent YoY. In Q1FY20, the net profit expanded by 582.8 per cent to Rs. 14.34 crore from Rs. 2.10 crore in Q1FY189. Recently HSIL announced of its intent to invest around Rs. 150 crore in expanding the Telangana plant’s capacity. Based on our analysis, we recommend a HOLD.