Haryana Leather Chem

₹97.1 4.6 | 5%

WEBSITE BSE:524080 NSE : HAR.LEATHER 18 May, 12:50

Market Cap ₹48 Cr.

Stock P/E 11.7

P/B 1.2

Current Price ₹97.1

Book Value ₹ 83.8

Face Value 10

52W High ₹97.1

Dividend Yield 1.03%

52W Low ₹ 37.3

Edit Ratio

Haryana Leather Chem Research see more...

Overview Inc. Year: 1985Industry: Chemicals

Haryana Leather Chem Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Haryana Leather Chem Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	11	11	12	10	10	11	11	11	11	14
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	11	12	12	10	10	11	11	12	11	14
Total Expenditure	10	11	11	9	10	10	10	11	10	11
Operating Profit	1	1	1	1	1	1	1	1	1	3
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	1	1	1	1	1	0	1	3
Provision for Tax	0	0	0	0	0	0	0	0	0	1
Profit After Tax	0	1	0	1	0	1	0	0	1	2
Adjustments	0	0	0	0	0	0	0	0	0	-0
Profit After Adjustments	0	1	0	1	0	1	0	0	1	2
Adjusted Earnings Per Share	0.7	1.3	0.8	1.9	0.9	1.2	0.9	0.6	2.1	4.8

Haryana Leather Chem Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	40	45	42	40	39	36	37	35	28	39	42	47
Other Income	1	1	0	1	1	1	1	1	1	1	1	0
Total Income	40	46	43	40	40	37	38	36	29	40	44	48
Total Expenditure	36	41	39	36	36	33	35	33	26	38	40	42
Operating Profit	4	5	4	4	4	3	3	4	3	3	3	6
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	3	4	2	3	3	2	2	3	2	2	3	5
Provision for Tax	1	1	1	1	1	0	1	1	1	1	1	1
Profit After Tax	2	3	1	2	2	2	2	2	2	1	2	3
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	2	3	1	2	2	2	2	2	2	1	2	3
Adjusted Earnings Per Share	3.6	5.5	2.8	4.1	4	3.5	3.1	4.3	3.3	2.7	3.8	8.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	6%	3%	0%
Operating Profit CAGR	0%	-9%	0%	-3%
PAT CAGR	100%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	113%	43%	30%	17%
ROE Average	5%	5%	5%	7%
ROCE Average	7%	6%	7%	10%

Haryana Leather Chem Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	21	24	24	26	28	29	31	32	34	35	37
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	1	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	1	2	2	2	1	1	1	1	1	1	1
Total Current Liabilities	10	10	10	6	8	8	7	8	4	7	5
Total Liabilities	32	36	35	34	37	39	39	41	39	43	43
Fixed Assets	13	17	16	15	14	15	15	15	15	15	15
Other Non-Current Assets	3	0	1	1	1	1	1	1	11	1	12
Total Current Assets	16	19	18	18	21	23	23	25	13	27	15
Total Assets	32	36	35	34	37	39	39	41	39	43	43

Haryana Leather Chem Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	1	1	1	5	8	8	9	10	2	4
Cash Flow from Operating Activities	4	2	1	5	4	1	1	4	-7	10	-2
Cash Flow from Investing Activities	-2	-1	-1	-0	-1	-1	-1	-1	-2	-0	-1
Cash Flow from Financing Activities	-2	-0	-1	-0	-0	-1	1	-1	-0	-0	1
Net Cash Inflow / Outflow	0	1	-0	4	3	-0	1	3	-8	10	-2
Closing Cash & Cash Equivalent	1	1	1	5	8	8	9	12	2	12	2

Haryana Leather Chem Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.63	5.54	2.77	4.14	4	3.52	3.14	4.27	3.26	2.68	3.79
CEPS(Rs)	5.17	7.14	5.5	6.44	6.13	5.3	4.57	5.72	4.81	4.24	5.37
DPS(Rs)	0.6	0.7	0.7	0.8	0.8	0.8	0.8	0	0	0	1
Book NAV/Share(Rs)	43.38	48.1	48.83	52.97	57.49	60.05	62.22	65.52	68.78	71.46	75.35
Core EBITDA Margin(%)	8.1	7.27	7.04	8.2	7.23	5.82	4.43	6.25	6.36	3.16	5.15
EBIT Margin(%)	7.63	8.16	4.85	7.27	7.22	6.39	6.1	8.33	7.94	4.84	6.08
Pre Tax Margin(%)	6.97	7.65	4.29	6.82	7.02	6.07	5.8	8.07	7.78	4.72	5.96
PAT Margin (%)	4.1	5.52	2.89	4.67	4.62	4.75	4.17	5.98	5.74	3.38	4.38
Cash Profit Margin (%)	5.84	7.11	5.74	7.28	7.09	7.14	6.09	8.02	8.48	5.36	6.21
ROA(%)	5.69	7.92	3.8	5.85	5.51	4.55	3.97	5.24	3.99	3.2	4.33
ROE(%)	8.67	12.1	5.71	8.13	7.24	5.99	5.13	6.68	4.85	3.82	5.17
ROCE(%)	15.09	16.97	9.01	12.22	11.22	8.04	7.4	9.2	6.7	5.47	7.11
Receivable days	78.8	74.18	79.89	74.25	71.71	91.75	92.29	95.58	112.78	84.71	85.71
Inventory Days	31.64	30.39	36.25	38.53	31.31	39.08	35.34	31.52	33.04	26.16	29.59
Payable days	82.04	87.02	92.25	80.08	79.65	102.16	86.98	92.79	93.33	50.04	51.14
PER(x)	3.62	2.9	9.88	6.72	10.48	11.52	7.97	4.64	8.9	13.79	9.76
Price/Book(x)	0.3	0.33	0.56	0.52	0.73	0.68	0.4	0.3	0.42	0.52	0.49
Dividend Yield(%)	4.56	4.36	2.56	2.88	1.91	1.97	3.2	0	0	0	2.7
EV/Net Sales(x)	0.17	0.18	0.32	0.21	0.32	0.33	0.1	-0.06	0.43	0.15	0.4
EV/Core EBITDA(x)	1.63	1.65	3.77	1.98	3.03	3.68	1.21	-0.59	4.04	2.23	5.02
Net Sales Growth(%)	23.2	12.91	-5.39	-6.27	-1.68	-8.92	3.65	-5	-20.51	39.64	9.26
EBIT Growth(%)	42.77	21.28	-43.25	38.54	-3.07	-24.03	-3.31	29.7	-24.27	-14.87	37.27
PAT Growth(%)	4.97	52.35	-49.98	49.42	-3.39	-11.93	-10.93	36.05	-23.62	-17.88	41.7
EPS Growth(%)	4.97	52.35	-49.98	49.42	-3.39	-11.93	-10.93	36.05	-23.62	-17.87	41.69
Debt/Equity(x)	0.04	0.07	0.06	0.01	0.01	0	0.02	0	0	0	0.02
Current Ratio(x)	1.66	1.82	1.89	2.77	2.64	2.75	3.2	3.22	3.13	3.94	3.36
Quick Ratio(x)	1.21	1.45	1.34	2.19	2.2	2.24	2.8	2.82	2.67	3.4	2.67
Interest Cover(x)	11.59	15.85	8.63	16.15	36.7	19.78	20.51	31.67	50.11	41.04	53.13
Total Debt/Mcap(x)	0.14	0.2	0.11	0.02	0.01	0	0.06	0.01	0	0	0.03

Haryana Leather Chem Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	41.57	41.57	41.57	41.57	41.57	41.57	41.57	41.57	41.57	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	0.21	0.21	0.21	0.21
Public	58.22	58.22	58.22	58.22	58.22	58.22	58.22	58.22	58.22	58.52
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29	0.29
Others	0	0	0	0	0	0	0	0	0	0
Total	0.49	0.49	0.49	0.49	0.49	0.49	0.49	0.49	0.49	0.49

Pros

Company is almost debt free.

Cons

Promoter holding is low: 41.27%.
Company has a low return on equity of 5% over the last 3 years.
Debtor days have increased from 50.04 to 51.14days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.