While profits have shrunk dramatically over the last two years, the business is showing early signs of recovery in profitability
The company is well positioned to add new revenue streams by ramping up capacities
The total debt to equity remains reasonable and stable around 0.3x at the end of December 2022.
Through strategic initiatives, the company is striving to transform the business from a mature/low-growth market to structurally growing industries.
Despite growth initiatives, earnings outlook weak amid macro challenges
The stock of HIL turned out to be one of the strongest performers in 2020/21, with its market cap surging 10-fold from the lows of March 2020
The gains in Hyderabad Industries' stock price have been largely aided by valuation re-rating as market is catching up to the future business potential driven by changes in revenue mix.
HIL went from deceleration to acceleration in the midst of the pandemic, sending shares up more than 5 times since the lows in March 2020
Visaka has delivered stupendous returns from March on the back of a resilient business performance in H1 and an euphoric stock market rally
Hyderabad Industries has almost tripled from its March lows buoyed by better-than-expected earnings and positive market momentum
The Net Debt-Equity ratio for Hyderabad Industries is expected to come down further as the proceeds from the sale of HYSIL will mainly be used for debt repayment
Anand Rathi is bullish on HIL has recommended buy rating on the stock with a target price of Rs 2763 in its research report dated October 30, 2018.
Hyderabad Industries is a market leader in the building materials industry and the current stock valuations appear fairly reasonable for accumulation
The recent acquisition of Parador will further expand its product and geographic footprint and position it as an integrated building solutions provider.
SKP Securities is bullish on HIL and has recommended buy rating on the stock with a target of Rs 718 in its January 2, 2013 research report.
Sunidhi Securities is bullish on Hyderabad Industries (HIL) and has recommended buy rating on the stock with a target of Rs 510 in its May 2, 2012 research report.
Firstcall Research is bullish on Hyderabad Industries and has recommended buy rating on the stock with a target of Rs 382 in its April 17, 2012 research report.
Sunidhi Securities is bullish on Hyderabad Industries (HIL) and has recommended buy rating on the stock with a target of Rs 430 in its March 30, 2012 research report.
SKP Securities is bullish on Hyderabad Industries and has recommended buy rating on the stock with a target of Rs 593 in its March 31, 2011 research report.