What is CAGR? What does CAGR table indicate for Harita Seating Systems Ltd?

Compounded average growth rate (CAGR) measures the average annual growth rate compounded year-on-year over a period of time.

Harita Seating Systems Ltd Stock Analysis

Q: Is Harita Seating Systems Ltd a good quality company?

MoneyWorks4Me analysed the past 10-year performance of Harita Seating Systems Ltd and arrived at the following conclusion.

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Evaluated by 491 users | BSE: 590043 | NSE: HARITASEAT |
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Harita Seating Systems Ltd. was incorporated as Harita Grammer Ltd through a joint venture with Grammer AG of Germany and promoted by Harita group and Grammer group in 1986 and started commercial production in 1989.Harita Seating Systems specializes in manufacture & supply of safe,...

10 Year X-Ray

Standalone basis Standalone basis P Consolidated basis P

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

What is a Financial Track Record? How to read this chart in order to understand the data present here?

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Return on Capital Employed	-0.68%	20.46%	16.38%	8.57%	11.8%	29.33%	28.08%	27.3%	16.01%	3.12%

Growth Parameters	Growth Parameters Colour Code Guide

Net Sales (Rs. Cr.)	241	307	276	250	274	308	347	471	525	369
Y-o-Y Gr. Rt.	-	27.4%	-9.9%	-9.4%	9.5%	12.4%	12.6%	36%	11.4%	-29.7%
Adjusted EPS (Rs.)	-7.35	12.9	13.13	5.62	9.49	28.47	30.74	39.72	28.32	2.98
Y-o-Y Gr. Rt.	-	NA	1.8%	-57.2%	68.9%	200%	8%	29.2%	-28.7%	-89.5%
Book Value per Share (Rs.)	30.1	40.99	51.84	56.34	62.28	88.64	115.19	148.91	172.4	174.61
Adjusted Net Profit	-5.7	10	10.2	4.4	7.4	22.1	23.9	30.9	22	2.3
Net Op. Cash Flow (Rs. Cr.)	16.3	-18.6	20.8	14	-1.2	25.3	7.5	13.7	46.7	20.9
Debt to Cash Flow from Ops	2.18	-2.84	2.28	3.78	-30.6	0.2	1.51	1.23	0.68	1

Difference between Standalone Basis and Consolidated basis? Which method is preferred for Harita Seating Systems Ltd. ?

Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.

Harita Seating Systems Ltd. should be analysed on a Standalone basis

CAGR CAGR Colour Code Guide

	9 yrs	5 yrs	3 yrs	1 yr
Net Sales	4.9%	6.1%	2.1%	-29.7%
Adjusted EPS	NA	-20.7%	-54.1%	-89.5%
Book Value per Share	21.6	22.9	14.9	1.3
Share Price	23.1%	9.5%	-8%	113.6%

Key Financial Parameter	Performance Ratio Colour Code Guide

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Return on Equity (%)	-22.01	36.3	28.29	10.39	16.01	37.73	30.16	30.08	17.63	1.72
Operating Profit Margin (%)	1.83	6.97	7.49	4.88	3.98	6.6	7.64	7.95	5.28	3.39
Net Profit Margin (%)	-2.37	3.27	3.69	1.75	2.69	7.19	6.89	6.55	4.19	0.63
Debt to Equity	1.51	1.66	1.18	1.21	0.74	0.07	0.13	0.15	0.24	0.15
Working Capital Days	109	79	90	104	103	92	90	101	107	130
Cash Conversion Cycle	-14	-3	2	8	13	10	13	21	19	19

Management X-Ray

Shareholding Pattern

Entity	Percentage Holding
Promoters	66.22%
Institutions	2.31%
Non-Institutions	31.46%

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

FAQs

1. Is Harita Seating Systems Ltd a good quality company?

Data is not available for this company.

2. Is current market price of Harita Seating Systems Ltd a good price to buy it?

The 5-year analysis of Harita Seating Systems Ltd's performance infers:

Harita Seating Systems Ltd earnings have declined by -20.7%, whereas share price has appreciated 9.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

3. What is Harita Seating Systems Ltd share price return in the past 10 years ?

We analysed the performance of Harita Seating Systems Ltd share prices over the last 10 years. Here is what we found out:

Harita Seating Systems Ltd share price has appreciated 26.9% annually over the past ten years.

About Company

Harita Seating Systems specializes in manufacture & supply of safe, comfortable, durable seats for various types of vehicles. They provide seating solutions to the commercial vehicles, buses/coaches, agriculture tractors, construction machinery, two wheelers, three wheelers, cars, multi-utility vehicles etc. Their leadership in Indian market comes from years of experience in design, development and manufacture of these products. On the basis of vast experience together with state of the art technology and manufacturing techniques, Harita Seating Systems has also developed public seating for auditoriums and theatres. Harita Seating Systems has three manufacturing locations in India. The headquarter is located at Hosur (near Bangalore). It has established manufacturing facility at Ranjangaon (near Pune) to cater to the needs of customers in Western India. Another major unit is at Nalagarh (Himachal Pradesh) for its business improvement in northern area.

Products range of the company includes:

The company is engaged in manufacturing of seats for various types of vehicles:

Commercial Vehicles Driver & assistant seat for commercial vehicles - Tata Motors & Ashok Leyland
Tractor seats - Driver seats for agriculture tractors, construction machines & forklifts - Mahindra & Mahindra, Tafe, John Deere, New Holland, TMTL, Escorts, Caterpillar, BEML, Telcon, L & T Komatsu, Voltas
Construction Machinery
Two Wheelers- TVS Motor Company
Bus Passenger Seats State Transports Undertakings : KSRTC, APSRTC, MSRTC, UPSRTC, BSRTC, KLSRTC, RSRTC, UTC, OSRTC etc. OEMs : Volvo, Tata Motors, Ashok Leyland & Eicher
Auditorium
Cars & MUVs
LFI
MCU
Railways - ICF, RCF, DLW

Milestones:

1986 - Harita Grammer Ltd incorporated as a Joint Venture with Grammer AG of Germany
1989 - Commenced commercial production during 1988, first to launch foam-in-place technology in India
1990 - First to launch tractor seats in India with foam-in-place technology, static driver seats for commercial vehicles launched
1991 - Suspended driver seats for off-road & commercial vehicles launched, car seats & MUV seats launched during 1991 (Tata Estate, Tata Sierra and Tatamobile)
1992 - First to launch deluxe bus passenger seats in India
1994 - Launched Multi Utility Vehicle seats
1995 - Commenced production from second plant in Ranjangaon near Pune
1996 -Adopted cellular manufacturing techniques to improve productivity
1997 - Roloforms Polymer merged operations with Harita Grammer Ltd, launched range of driver seats suitable to semi-arid climate conditions
1998 - Opened R&D center
1999 - Launched new platform for deluxe bus seats, launched millennium series of deluxe bus passenger seats with new features
2000 - Launched 2X1 series of bus seats, QS9000 certification
2001 - Commenced direct exports (Direct exports - Decathlon started during 2002), ISO 14001 certification
2002 - Renamed as Harita Seating Systems Limited after terminating JV with Grammer AG, Entered Railways segment for luxury passenger & driver seats
2003 - Launched â€œInnovaâ€ plastic seats for city buses for first time in India
2004 - Launched new generation of suspension platform for driver seats, ISO/TS16949 certification
2005 - Crossed annual turnover of Rs 1 billion, launched new platform for deluxe bus passenger seats, launched â€œEliteâ€ series of bus seat with new features

Achievements/ recognition: