Key Metrics 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Harita Seating Systems Ltd (HARITASEAT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590043 NSE: HARITASEAT Auto Ancillary | Small Cap | Harita Seating Sys Share Price
₹766.90 0.00 (0.00%)
As on 09-Apr'21 18:01
Harita Seating Systems Ltd (HARITASEAT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590043 NSE: HARITASEAT Auto Ancillary | Small Cap | Harita Seating Sys Share Price
₹766.90 0.00 (0.00%)
As on 09-Apr'21 18:01
Key Metrics
Valuation Multiples
Market Cap
₹596 Cr.
Current Price
₹766.9
52-Week Low / High
₹750 / 790
TTM EPS
₹17.8
TTM Sales
₹774 Cr.
Book Value per Share
₹272.7
P/E Ratio
43.17
Industry PE
49.4
Price to Book (P/B)
2.81
Price to Sales (P/S)
0.77
EV/EBITDA
10.34
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
13.38%
Return on Capital Employed (ROCE)
14.84%
Return on Assets (ROA)
5.00%
Operating Profit Margin
6.8%
Net Profit Margin
3.2%
Gross Profit Margin
6.9%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-29.74%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-32.98%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-38.45%
Asset Quality
Promoter Holding
66.22%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹204 Cr.
Equity
₹7.8 Cr.
Face Value
₹10
All Time Low / High
₹38.70 / 1107.80
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 2.3% | 29% | 21.7% | 11.9% | 14.2% | 37.9% | 36.6% | 34.8% | 21.3% | 3.1% | - |
| Value Creation Index ⓘ | -0.8 | 1.1 | 0.6 | -0.2 | 0.0 | 1.7 | 1.6 | 1.5 | 0.5 | -0.8 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 241 | 307 | 276 | 250 | 274 | 308 | 347 | 471 | 525 | 369 | 284 |
| Sales YoY Gr. | - | 27.4% | -9.9% | -9.4% | 9.5% | 12.4% | 12.6% | 36% | 11.4% | -29.7% | - |
| Adj EPS ⓘ | -7.4 | 12.9 | 13.1 | 5.6 | 9.5 | 28.5 | 30.7 | 39.7 | 28.3 | 3 | -2.2 |
| YoY Gr. | - | NA | 1.8% | -57.2% | 68.9% | 200% | 8% | 29.2% | -28.7% | -89.5% | - |
| BVPS (₹) ⓘ | 30.1 | 41 | 51.8 | 56.3 | 62.3 | 88.6 | 115.2 | 148.9 | 172.4 | 174.6 | 169.8 |
| Adj Net Profit ⓘ | -5.7 | 10 | 10.2 | 4.4 | 7.4 | 22.1 | 23.9 | 30.9 | 22 | 2.3 | -2 |
| Cash Flow from Ops. ⓘ | 16.3 | -18.6 | 20.8 | 14 | -1.2 | 25.3 | 7.5 | 13.7 | 46.7 | 20.9 | - |
| Debt/CF from Ops. ⓘ | 2.2 | -2.8 | 2.3 | 3.8 | -30.6 | 0.2 | 1.5 | 1.2 | 0.7 | 1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.9% | 6.1% | 2.1% | -29.7% | ||||
| Adj EPS ⓘ | NA | -20.7% | -54.1% | -89.5% | ||||
| BVPSⓘ | 21.6% | 22.9% | 14.9% | 1.3% | ||||
| Share Price | 3.2% | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -22 | 36.3 | 28.3 | 10.4 | 16 | 37.7 | 30.2 | 30.1 | 17.6 | 1.7 | -1.3 |
| Op. Profit Mgn % ⓘ | 1.8 | 7 | 7.5 | 4.9 | 4 | 6.6 | 7.6 | 8 | 5.3 | 3.4 | 3.2 |
| Net Profit Mgn % ⓘ | -2.4 | 3.3 | 3.7 | 1.8 | 2.7 | 7.2 | 6.9 | 6.6 | 4.2 | 0.6 | -0.6 |
| Debt to Equity ⓘ | 1.5 | 1.7 | 1.2 | 1.2 | 0.7 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | - |
| Working Cap Days ⓘ | 109 | 79 | 90 | 104 | 103 | 92 | 90 | 101 | 107 | 130 | 73 |
| Cash Conv. Cycle ⓘ | -14 | -3 | 2 | 8 | 13 | 10 | 13 | 21 | 19 | 19 | 2 |
Valuation of Harita Seating Sys - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 457.65 | 565.97 | 527.38 | 512.28 | 578.76 | 636.94 | 710.58 | 912.81 | 1,031.37 | 774.44 |
| Operating Expenses ⓘ + | 437.57 | 520.66 | 485.86 | 475.40 | 542.86 | 586.24 | 646.23 | 831.16 | 953.32 | 722.14 |
| Operating Profit ⓘ | 20.07 | 45.31 | 41.52 | 36.88 | 35.90 | 50.71 | 64.36 | 81.65 | 78.05 | 52.31 |
| Operating Profit Margin (%) | 4.4% | 8.0% | 7.9% | 7.2% | 6.2% | 8.0% | 9.1% | 8.9% | 7.6% | 6.8% |
| Other Income ⓘ + | 1.02 | 0.26 | 1.12 | 1.49 | 4.79 | 3.41 | 3.82 | 8.52 | 9.56 | 6.19 |
| Interest ⓘ | 9.18 | 9.29 | 8.30 | 7.23 | 5.66 | 1.75 | 1.26 | 1.89 | 4.34 | 4.84 |
| Depreciation ⓘ | 15.28 | 13.56 | 12.83 | 13.59 | 13.34 | 13.82 | 14.79 | 18.47 | 22.90 | 27.13 |
| Profit Before Tax ⓘ | -3.37 | 24.25 | 21.50 | 17.56 | 21.69 | 43.03 | 52.13 | 69.82 | 60.37 | 26.53 |
| Tax ⓘ | -0.46 | 3 | 9 | 5.76 | 7.17 | 10.60 | 15.38 | 20.69 | 20.14 | 1.77 |
| Profit After Tax | -2.90 | 21.24 | 12.50 | 11.80 | 14.52 | 32.43 | 36.74 | 49.13 | 40.23 | 24.76 |
| PAT Margin (%) | -0.6% | 3.8% | 2.4% | 2.3% | 2.5% | 5.1% | 5.2% | 5.4% | 3.9% | 3.2% |
| Adjusted EPS (₹) | -4.9 | 20.4 | 14.9 | 10.0 | 11.4 | 33.4 | 36.4 | 48.4 | 37.1 | 17.8 |
| Dividend Payout Ratio (%) | 0% | 17.20% | 16.70% | 14.90% | 21.90% | 18% | 13.80% | 12.40% | 16.20% | 0% |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 44.58 | 57.48 | 66.68 | 72.45 | 77.64 | 96.48 | 118.79 | 154.33 | 178.36 | 191.84 | |
| Debt + | 32.86 | 42.72 | 33.80 | 22.66 | 29.06 | 1.72 | 11.31 | 22.37 | 31.68 | 20.81 | |
| Minority Interest | 54.24 | 59.49 | 59.25 | 62.26 | 63.97 | 64.96 | 68.47 | 70.51 | 76.07 | 86.64 | |
| Trade Payables | 109.64 | 94.20 | 88.39 | 83.36 | 99.55 | 96.64 | 119.05 | 182.69 | 203.54 | 135.26 | |
| Others Liabilities ⓘ | 67.63 | 43.47 | 49.10 | 64.38 | 48.51 | 44.85 | 44.44 | 36.46 | 38.47 | 28.23 | |
| Total Liabilities ⓘ | 308.95 | 297.36 | 297.22 | 305.10 | 318.73 | 304.64 | 362.06 | 466.36 | 528.12 | 462.77 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 139.93 | 138.39 | 134.73 | 131.61 | 123.96 | 113.29 | 136.33 | 151.51 | 222.46 | 232.99 | |
| CWIP ⓘ | 2.81 | 0.20 | 4.95 | 0.79 | 1.98 | 1.84 | 2.60 | 8.71 | 18.99 | 2.99 | |
| Investments ⓘ | 2.68 | 2.61 | 2.61 | 1.73 | 1.76 | 13.84 | 15.31 | 7.87 | 1.14 | 2.72 | |
| Inventories | 25.83 | 23.70 | 22.91 | 24.64 | 27.66 | 29.28 | 33.10 | 50.27 | 50.73 | 49.25 | |
| Trade Receivables | 96.23 | 93.56 | 96 | 100.61 | 122 | 113.58 | 132.01 | 217.99 | 192.46 | 136.83 | |
| Cash Equivalents | 20.47 | 6.69 | 3.08 | 6.16 | 9.44 | 10.21 | 7.72 | 2.17 | 10.01 | 11.77 | |
| Others Assets ⓘ | 21 | 32.21 | 32.93 | 39.56 | 31.94 | 22.58 | 35 | 27.84 | 32.33 | 26.21 | |
| Total Assets ⓘ | 308.95 | 297.36 | 297.22 | 305.10 | 318.73 | 304.64 | 362.06 | 466.36 | 528.12 | 462.77 | |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 13 | -5.31 | 32.05 | 34.15 | 14.64 | 54.36 | 38.27 | 34.74 | 117.37 | 34.92 |
| Cash Flow From Investing Activity ⓘ + | -16.53 | -8.51 | -13.82 | -5.30 | -2.38 | -14.66 | -35.76 | -38.50 | -103.77 | -17.55 |
| Cash Flow From Financing Activity ⓘ + | 17.59 | 0.05 | -21.84 | -25.76 | -8.98 | -38.93 | -5.01 | -1.78 | -5.46 | -15.91 |
| Net Cash Flow ⓘ | 14.06 | -13.78 | -3.61 | 3.08 | 3.28 | 0.77 | -2.50 | -5.54 | 8.14 | 1.46 |
| PARTICULARS | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.2 | 41.62 | 20.14 | 16.97 | 19.35 | 37.25 | 34.14 | 35.97 | 24.18 | 13.38 |
| ROCE (%) | 5.82 | 30.93 | 24.75 | 20.15 | 22.91 | 41.69 | 46.1 | 46.74 | 33.46 | 14.84 |
| Asset Turnover Ratio | 1.78 | 2.07 | 1.98 | 1.9 | 2.07 | 2.28 | 2.37 | 2.25 | 2.07 | 1.56 |
| PAT to CFO Conversion(x) | N/A | -0.25 | 2.56 | 2.89 | 1.01 | 1.68 | 1.04 | 0.71 | 2.92 | 1.41 |
| Working Capital Days | ||||||||||
| Receivable Days | 60.70 | 55.10 | 58.90 | 62.80 | 63 | 60.60 | 56.70 | 68.40 | 72.60 | 77.60 |
| Inventory Days | 14.50 | 14.40 | 14.50 | 15.20 | 14.80 | 14.70 | 14.40 | 16.30 | 17.90 | 23.60 |
| Payable Days | 116.80 | 89.90 | 87.30 | 84.30 | 78.40 | 79.80 | 79.50 | 83.90 | 93.10 | 112.70 |
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Harita Seating Systems Ltd FAQs
The current trading price of Harita Seating Sys on 09-Apr-2021 18:01 is ₹766.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Apr-2021 the market cap of Harita Seating Sys stood at ₹595.8 Cr
The latest P/E ratio of Harita Seating Sys as of 08-Apr-2021 is 0.00.
The latest P/B ratio of Harita Seating Sys as of 08-Apr-2021 is 4.52.
The 52-week high of Harita Seating Sys is ₹790.0 and the 52-week low is ₹749.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Harita Seating Sys is ₹284 ( Cr.) .
Data is not available for this company.
The key valuation ratios of Harita Seating Systems Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
No data found
About Harita Seating Systems Ltd
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, 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 “Innova†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 “Elite†series of bus seat with new features
Achievements/ recognition:
- 2005 Water management excellent water efficient unit
- 2005 Energy management Energy conservation award
- 2005 Occupational Health and Safety OHSAS 18000
- 2004 Energy management Energy conservation award
- 2003 Manufacturing System ACMA manufacturing excellence
- 2003 Quality management system ISO/TS 16949
- 2001 Quality management ACMA Quality Award
- 2001 Environmental Management ISO 140001
- 2000 Management System EFQM-CII EXIM
- 1999 Quality management system QS 9000
- 1999 Manufacturing System ACMA - Productivity Award
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