RB Kara of HSIL said the company has plans to pare its long-term debt by raising capital worth Rs 250 crore.
RB Kabra, President, HSIL in an interview to CNBC-TV18 spoke about the business outlook for the company going forward.
He said the company has plans to pare its long-term debt by raising capital worth Rs 250 crore. The current debt for the company including the working capital stands at Rs 950 crore, out of which Rs 550 crore is long-term debt and Rs 400 crore is working capital debt.
The company plans to raise capital in the next few weeks, said Kabra.
The company has also scaled down the overall revenue growth outlook from 20 percent to 15 percent. The lower growth forecast was on back of a drop in a business category which they have now exited, said Kabra. The building products business would grow at around 16-18 percent but the packaging product would continue to do well this year.
Talking about the market share he said, with the total ceramic sanitary ware market being divided in to two parts, organised and unorganised, the company per se has 40 percent market share out of the overall 60 percent organised market.
Meanwhile, Kabra said the company will continue its focus on premium products because customers nowadays prefer aesthetically better looking products.
Transcript to follow
HSIL stock price
On December 26, 2014, at 14:30 hrs HSIL was quoting at Rs 360.55, down Rs 2.2, or 0.61 percent. The 52-week high of the share was Rs 423.00 and the 52-week low was Rs 88.05.
The company's trailing 12-month (TTM) EPS was at Rs 11.39 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 31.65. The latest book value of the company is Rs 169.80 per share. At current value, the price-to-book value of the company is 2.12.
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