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Haryana Leather Chem Overview

Haryana Leather Chemicals Ltd. is a company specializing in the manufacturing and supply of chemicals used in the leather processing industry. The company produces a range of leather chemicals including tanning agents, dyes, pigments, and finishing products that are essential for the treatment and processing of raw hides and skins into finished leather. Haryana Leather Chemicals Ltd. serves leather manufacturers, exporters, and related industries by providing high-quality chemical solutions that enhance leather durability, appearance, and text...Read More

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Haryana Leather Chem Key Financials

Market Cap ₹33 Cr.

Stock P/E 14.3

P/B 0.7

Current Price ₹67

Book Value ₹ 90.8

Face Value 10

52W High ₹88.8

Dividend Yield 1.49%

52W Low ₹ 50.2

Haryana Leather Chem Share Price

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Volume
Price

Haryana Leather Chem Quarterly Price

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Haryana Leather Chem Peer Comparison

Haryana Leather Chem Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 11 11 14 12 11 13 13 12 13 12
Other Income 0 0 0 0 0 1 0 0 0 0
Total Income 12 11 14 13 11 13 14 12 14 12
Total Expenditure 11 10 11 11 10 12 13 11 12 11
Operating Profit 1 1 3 1 1 1 1 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses -0 0 0 0 -0 0 0 0 -0 0
Profit Before Tax 0 1 3 1 0 1 1 1 1 1
Provision for Tax 0 0 1 0 0 0 0 0 0 0
Profit After Tax 0 1 2 1 0 1 0 1 0 1
Adjustments 0 0 -0 0 0 0 -0 0 0 0
Profit After Adjustments 0 1 2 1 0 1 0 1 0 1
Adjusted Earnings Per Share 0.6 2.1 4.8 1.3 0.3 1.2 0.8 1.5 0.4 1.2

Haryana Leather Chem Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 42 40 39 36 37 35 28 39 42 44 49 50
Other Income 0 1 1 1 1 1 1 1 1 4 2 0
Total Income 43 40 40 37 38 36 29 40 44 48 51 52
Total Expenditure 39 36 36 33 35 33 26 38 40 41 46 47
Operating Profit 4 4 4 3 3 4 3 3 3 7 4 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses -0 -0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 3 3 2 2 3 2 2 3 6 3 4
Provision for Tax 1 1 1 0 1 1 1 1 1 1 1 0
Profit After Tax 1 2 2 2 2 2 2 1 2 5 2 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 2 2 2 2 2 2 1 2 5 2 2
Adjusted Earnings Per Share 2.8 4.1 4 3.5 3.1 4.3 3.3 2.7 3.8 9.4 4.7 3.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 11% 8% 7% 2%
Operating Profit CAGR -43% 10% 0% 0%
PAT CAGR -60% 26% 0% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -11% 14% 16% 9%
ROE Average 5% 7% 6% 6%
ROCE Average 8% 10% 8% 9%

Haryana Leather Chem Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 24 26 28 29 31 32 34 35 37 41 43
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2 2 1 1 1 1 1 1 1 1 1
Total Current Liabilities 10 6 8 8 7 8 4 7 5 6 6
Total Liabilities 35 34 37 39 39 41 39 43 43 48 50
Fixed Assets 16 15 14 15 15 15 15 15 15 14 15
Other Non-Current Assets 1 1 1 1 1 1 11 1 12 12 12
Total Current Assets 18 18 21 23 23 25 13 27 15 22 23
Total Assets 35 34 37 39 39 41 39 43 43 48 50

Haryana Leather Chem Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 5 8 8 9 10 2 4 2 9
Cash Flow from Operating Activities 1 5 4 1 1 4 -7 10 -2 8 0
Cash Flow from Investing Activities -1 -0 -1 -1 -1 -1 -2 -0 -1 -1 -2
Cash Flow from Financing Activities -1 -0 -0 -1 1 -1 -0 -0 1 -0 0
Net Cash Inflow / Outflow -0 4 3 -0 1 3 -8 10 -2 7 -1
Closing Cash & Cash Equivalent 1 5 8 8 9 12 2 12 2 9 7

Haryana Leather Chem Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.77 4.14 4 3.52 3.14 4.27 3.26 2.68 3.79 9.41 4.69
CEPS(Rs) 5.5 6.44 6.13 5.3 4.57 5.72 4.81 4.24 5.37 11.17 6.52
DPS(Rs) 0.7 0.8 0.8 0.8 0.8 0 0 0 1 1 1
Book NAV/Share(Rs) 48.83 52.97 57.49 60.05 62.22 65.52 68.78 71.46 75.35 83.76 87.45
Core EBITDA Margin(%) 7.04 8.2 7.23 5.82 4.43 6.25 6.36 3.16 5.15 6.78 5.35
EBIT Margin(%) 4.85 7.27 7.22 6.39 6.1 8.33 7.94 4.84 6.08 12.83 6.97
Pre Tax Margin(%) 4.29 6.82 7.02 6.07 5.8 8.07 7.78 4.72 5.96 12.71 6.81
PAT Margin (%) 2.89 4.67 4.62 4.75 4.17 5.98 5.74 3.38 4.38 10.4 4.69
Cash Profit Margin (%) 5.74 7.28 7.09 7.14 6.09 8.02 8.48 5.36 6.21 12.35 6.53
ROA(%) 3.8 5.85 5.51 4.55 3.97 5.24 3.99 3.2 4.33 10.14 4.66
ROE(%) 5.71 8.13 7.24 5.99 5.13 6.68 4.85 3.82 5.17 11.83 5.47
ROCE(%) 9.01 12.22 11.22 8.04 7.4 9.2 6.7 5.47 7.11 14.43 8.04
Receivable days 79.89 74.25 71.71 91.75 92.29 95.58 112.78 84.71 85.71 79 74.17
Inventory Days 36.25 38.53 31.31 39.08 35.34 31.52 33.04 26.16 29.59 26.7 28.82
Payable days 92.25 80.08 79.65 102.16 86.98 92.79 93.33 50.04 51.14 45.15 47.11
PER(x) 9.88 6.72 10.48 11.52 7.97 4.64 8.9 13.79 9.76 6.95 13.97
Price/Book(x) 0.56 0.52 0.73 0.68 0.4 0.3 0.42 0.52 0.49 0.78 0.75
Dividend Yield(%) 2.56 2.88 1.91 1.97 3.2 0 0 0 2.7 1.53 1.53
EV/Net Sales(x) 0.32 0.21 0.32 0.33 0.1 -0.06 0.43 0.15 0.4 0.53 0.52
EV/Core EBITDA(x) 3.77 1.98 3.03 3.68 1.21 -0.59 4.04 2.23 5.02 3.59 5.87
Net Sales Growth(%) -5.39 -6.27 -1.68 -8.92 3.65 -5 -20.51 39.64 9.26 4.57 10.37
EBIT Growth(%) -43.25 38.54 -3.07 -24.03 -3.31 29.7 -24.27 -14.87 37.27 120.74 -40.06
PAT Growth(%) -49.98 49.42 -3.39 -11.93 -10.93 36.05 -23.62 -17.88 41.7 148.15 -50.19
EPS Growth(%) -49.98 49.42 -3.39 -11.93 -10.93 36.05 -23.62 -17.87 41.7 148.15 -50.19
Debt/Equity(x) 0.06 0.01 0.01 0 0.02 0 0 0 0.02 0.01 0.02
Current Ratio(x) 1.89 2.77 2.64 2.75 3.2 3.22 3.13 3.94 3.36 3.96 3.84
Quick Ratio(x) 1.34 2.19 2.2 2.24 2.8 2.82 2.67 3.4 2.67 3.38 3.1
Interest Cover(x) 8.63 16.15 36.7 19.78 20.51 31.67 50.11 41.04 53.13 103.02 44.66
Total Debt/Mcap(x) 0.11 0.02 0.01 0 0.06 0.01 0 0 0.03 0.01 0.02

Haryana Leather Chem Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 41.57 41.27 41.27 41.27 41.27 41.27 41.27 41.27 41.27 41.27
FII 0 0 0 0 0 0 0 0 0 0
DII 0.21 0.21 0.21 0.21 0.21 0.21 0.18 0.21 0.21 0.21
Public 58.22 58.52 58.52 58.52 58.52 58.52 58.55 58.52 58.52 58.52
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Haryana Leather Chem News

Haryana Leather Chem Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 41.27%.
  • Company has a low return on equity of 7% over the last 3 years.
  • Debtor days have increased from 45.15 to 47.11days.
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