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North Zone Subject Company – HSIL Limited – Season 2014-15

posted Sep 13, 2014, 1:30 AM by Research Challenge India

Company:  HSIL Limited

Ticker:       500187  (BSE)HSIL (NSE)

Sector:      Glass, Ceramics & Concrete





HSIL Limited is the flagship Company of the Somany Group and was established in 1960 with a joint venture of the Group with Twyfords, UK. HSIL Limited is the largest Indian manufacturer of Sanitaryware products. HSIL products are available across the length and breadth of the country and are supported by over 1400 direct dealers and 12000 sub dealers. HSIL Limited was the first Company in India to manufacture Vitreous China Sanitaryware. The Company’s sanitaryware manufacturing facilities are based in Bahadurgarh (Haryana), Bhiwadi (Rajasthan) Bibinagar (Andhra Pradesh). All the plants of HSIL Limited have been endorsed for their quality-consciousness and environment-friendliness by ISO 9001:2000(E) and ISO 14001:96 certifications as well as for their safety & health consciousness by OHSAS 18001: 1999 certifications. HSIL Limited is the only Indian Company to have its R&D Centre recognized by the Government of India’s Ministry of Science & Technology for over 3 decades. The key focus of the Company is on strengthening the business model by moving into higher value-added segments combined with developing growth strategies for the existing product range.


Students are requested to start their own readings/secondary research on the company. We will announce the company presentation/con call dates shortly. Please email us at for any questions. To check your college zone, please click here



Official Rules – 2014-15

2.4 Research

Only Team Members may conduct research on the Subject Company for the purposes of the CFA Institute Research Challenge. Teams may use only publicly available information6 in conducting their research.

a) Teams may utilize their Industry Mentor and/or Faculty Adviser as resources, but may not enlist the help of any other professionals in conducting research specific to the Subject Company.

b) The Written Reports and Presentations should be prepared from the perspective of an independent research analyst.

c) Teams can read existing research on the Subject Company, but all analysis should be their own; they may not copy analysis (i.e., plagiarize) from another source into their Written Reports or Presentations. Sourced information should be properly cited using a generally accepted citation system.

d) Teams may not have contact with the Subject Company for the purposes of the CFA Institute Research Challenge other than during the below-described informational session and the one permitted follow-up communication.

The Subject Company may provide Teams with an informational session. The informational session may include a question and answer session during which time Teams may pose questions to the Subject Company and the Subject Company may respond. Teams may send one follow-up communication to the Subject Company. When contacting the Subject Company, each Team must confine its contact to those corporate officers who normally interact with investors, such as IR officers, CEO’s or CFO’s. Teams may not contact the Subject Company for the purposes of the CFA Institute Research Challenge other than the informational session, the question-and-answer session, and the one permitted follow-up communication.

Teams may contact the Subject Company’s customers, competitors, former employees, and suppliers in conducting research, including surveys; however, each Team Member must identify him/herself as a student and disclose his/her participation in the CFA Institute Research Challenge.

Prior to contacting the Subject Company, its customers, competitors, former employees, or suppliers, the Team must submit its questions to the Faculty Adviser or Industry Mentor. The Faculty Adviser or Industry Mentor must participate in each contact but only for the purpose of ensuring that no material non-public information is discussed. Faculty Advisers and Industry Mentors are not permitted to ask any questions or provide any opinions on the Subject Company. The Faculty Adviser or Industry Mentor time while monitoring this kind of contact will not count towards the maximum number of hours allotted for Faculty Adviser or Industry Mentor involvement.