Strategic initiatives collectively guide our efforts towards sustained growth and reinforce our commitment to meeting customer expectations, expresses Sandeep Sikka, Group CFO of Somany Impresa Group (HSIL Ltd)

According to the financials, the company has a market cap of Rs 93,690 crore with a 5-year CAGR of 35 per cent. The company reported positive numbers in its quarterly results (Q4) and annual results (FY23)

The price band of the issue has been fixed at Rs 140 to Rs 148 per equity share. The issue size is Rs 379.00 crore at a higher price band.

On Friday, at 03:30 pm, indices ended the trading session higher with the BSE Sensex Index up 1.26 per cent at 64,718.56 and the NSE Nifty-50 Index up 1.14 per cent at 19,189.05. 

Now, what does the future hold for the Nifty? Well, as long as the low of the prior trading session remains intact, the bullish trend is expected to persist. 

In FY23, the company reported a 41.5 per cent increase in net sales YoY.

The company implemented a trading phase where ex- bonus shares were traded at a ratio of 1:3 and an ex-stock split took place at a ratio of 10:1 for the equity shareholders based on the record date. The company has set Monday, June 05, 2023, as the fixed record date for both the bonus share and stock split.

The shares of the company have a PE of 20.80x, a ROE of 18 per cent and a ROCE of 21 per cent. The company reported positive numbers in its quarterly results & annual results and has delivered good profit growth of 44.5 per cent CAGR over the last 5 years.

The shares of the company have gained more than 500 per cent in the last six months.

Talking about the financials, the company reported positive results in its quarterly and annual financial statements. In the fiscal year 2022-2023, the company reduced its debt, and as of right now, its total debt is only about Rs 30 crore. The firm has a PE of 21x whereas the sectoral PE is 45.50x.