X

Haryana Leather Chemicals Ltd. Stock Analysis

Small Cap
Evaluated by 123 users | BSE: 524080 | NSE: |
Chemicals
Haryana Leather Chemicals is a joint venture with ICAP-SIRA Italy, having technical alliance with Vismon, Spain. The company specializes in the field of leather and shoe chemical manufacturing. Its range of products includes syntans, fatliquors, finishing chemicals, shoe finishes and shoe...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.65%8.35%7.58%9.18%6.03%7.77%7.16%6.1%4.63%6.52%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 34.632.239.744.842.439.739.135.636.935
Y-o-Y Gr. Rt.--7%23.2%12.9%-5.4%-6.3%-1.7%-8.9%3.7%-5%
Adjusted EPS (Rs.) 3.433.192.994.072.733.813.863.432.714.09
Y-o-Y Gr. Rt.--7%-6.3%36.1%-32.9%39.6%1.3%-11.1%-21%50.9%
Book Value per Share (Rs.) 37.6940.4543.3848.148.8352.9757.4960.0562.2265.52
Adjusted Net Profit 1.71.61.521.31.91.91.71.32
Net Op. Cash Flow (Rs. Cr.) 2.12.13.821.14.93.81.31.33.9
Debt to Cash Flow from Ops 1.010.910.240.761.310.050.040.040.560.01
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.
Haryana Leather Chemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 0.1%-3.7%-3.6%-5%
Adjusted EPS 2%8.4%2%50.9%
Book Value per Share 6.36.14.55.3
Share Price 6.2% -0.8% -20.5% 4.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 9.58.167.128.895.647.4975.844.436.4
Operating Profit Margin (%) 10.628.448.897.997.818.977.865.954.436.25
Net Profit Margin (%) 4.874.863.694.463.164.714.864.743.615.73
Debt to Equity 0.120.090.040.070.060.010.0100.020
Working Capital Days 145157127122140135120152153154
Cash Conversion Cycle 60674634445145545958
Entity Percentage Holding
Promoters 41.57%
Institutions 0.21%
Non-Institutions 58.22%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Haryana Leather Chemicals Ltd.'s performance infers:

Haryana Leather Chemicals Ltd. earnings have grown by 8.4%, whereas share price has depreciated -0.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Haryana Leather Chemicals Ltd. share prices over the last 10 years. Here is what we found out:

Haryana Leather Chemicals Ltd. share price has depreciated -0.6% annually over the past ten years.

Haryana Leather Chemicals is a joint venture with ICAP-SIRA Italy, having technical alliance with Vismon, Spain. The company specializes in the field of leather and shoe chemical manufacturing. Its range of products includes syntans, fatliquors, finishing chemicals, shoe finishes and shoe adhesives.

It has an integrated chemical research and manufacturing facility for a comprehensive range of specialty chemicals and coatings for leather, textile and footwear; and a wide range of

Haryana Leather Chemicals is a joint venture with ICAP-SIRA Italy, having technical alliance with Vismon, Spain. The company specializes in the field of leather and shoe chemical manufacturing. Its range of products includes syntans, fatliquors, finishing chemicals, shoe finishes and shoe adhesives.

It has an integrated chemical research and manufacturing facility for a comprehensive range of specialty chemicals and coatings for leather, textile and footwear; and a wide range of adhesives.

The outsourcing opportunities offered by Haryana to the leading Industrial chemicals specialists set a new world standard in production economies & quality, cut costs, reduce development time, speed up deliveries and maximize profits.

In the rapidly changing global markets, ecological and economic constraints are creating new challenges for large and multinational chemical producers. Haryana enables their outsourcing partners to meet with such situations by ’toll manufacturing’; using latest quality control technologies, higher production efficiencies and yet respects the environmental and safety responsibilities.

Haryana’s standard of quality and service is recognized worldwide. Intensive research on product development and application, an emphasis on environmental responsibility and safety, backed by the ISO 9001-2000 quality system has enabled users worldwide to achieve a high value addition to their products.

Haryana can be off-shore partner for highly economical research, development, pilot production, toll manufacturing of industrial coatings: Acrylics & Polyurethane dispersions, Pigmented coatings, varnishes and lacquers, Acrylic PVC processing aids and spray dried products.

Companies is struggling with capacity or budgetary constrains, engaged in resins and polymers for surface coatings, adhesives, sealants will find Haryana as an ideal offshore partner to get their formulations developed or toll manufactured.

Product range of the company includes:

Leather Chemicals

  • Syntans
  • Fatliquors
  • Finishes

Footwear Finishes

  • Adhesives
  • Finishes
  • Auxiliaries

Textile Binders

  • Acrylics
  • Polyurethane Dispersions

Adhesives

  • Pressure-Sensitive
  • Polyurethanes
  • Synthetic Rubber

Achievements/ recognition:

  • It has got ISO 9001-2000 certification.
  • The first Indian company to free its leather chemical products of banned chemicals.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback