Review

HSIL

CMP: Rs.261.95
Ticker : 500187
Face Value: Rs.2
Rec. Price Rs.282.35 
Percentage: 7.23
52-Week H/L: Rs.406.35/186



We had recommended HSIL in volume no. 35, issue no. 24 (dated Apr 8, 2019), when the scrip was trading at Rs 282.35. Our recommendation was backed by factors like strong growth seen in Q3FY19 with traction seen in building products and packaging segments. The revenue for Q4FY19 came in at Rs. 808.87 crore as against Rs. 660.82 crore in Q4FY18, registering an increase of 22.4 per cent yoy. The EBITDA rose by 51.9 per cent yoy to Rs. 113.4 crore as against Rs. 74.63 crore in Q4FY18, with a corresponding margin expansion of 273 bps. EBITDA margin for the quarter stood at 14 per cent. The PAT came in at Rs. 38.19 crore as against Rs. 23.91 crore in Q4FY18, an increase of 59.7 per cent yoy. The management is optimistic about robust demand continuing over the upcoming quarters. Thus, we urge investors to HOLD this scrip.