Key Metrics 
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10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
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About
Haryana Leather Chemicals Ltd (524080)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524080 NSE: Chemicals | Small Cap | Haryana Leather Chem Share Price
₹62.90 0.03 (0.05%)
As on 07-Jul'26 16:01
Haryana Leather Chemicals Ltd (524080)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524080 NSE: Chemicals | Small Cap | Haryana Leather Chem Share Price
₹62.90 0.03 (0.05%)
As on 07-Jul'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹31 Cr.
Current Price
₹62.9
52-Week Low / High
₹50 / 89
TTM EPS
₹4.8
TTM Sales
₹51.4 Cr.
Book Value per Share
₹91.3
P/E Ratio
12.98
In line with its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
0.69
Higher than its 5-year historical median
Price to Sales (P/S)
0.60
In line with its 5-year historical median
EV/EBITDA
4.44
In line with its 5-year historical median
Dividend Yield
1.59%
Profitability Efficiency
Return on Equity (ROE)
5.47%
Underperforms industry median
Return on Capital Employed (ROCE)
8.04%
Underperforms industry median
Return on Assets (ROA)
4.66%
Operating Profit Margin
5.4%
Net Profit Margin
4.69%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.38%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-12.96%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-50.22%
Asset Quality
Promoter Holding
41.27%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹40 Cr.
Equity
₹4.9 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 124.00
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Haryana Leather Chemicals Ltd a good quality company?
Haryana Leather Chemicals Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Haryana Leather Chemicals Ltd performance compare with that of its Peers?
Revenue growth of Haryana Leather Chemicals Ltd vs industry peers?
Haryana Leather Chemicals Ltd revenue CAGR is 6.96%, compared to the industry median CAGR of 7.53%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Haryana Leather Chemicals Ltd?
Promoters hold 41.27% of the Haryana Leather Chemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Haryana Leather Chemicals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.8% based on the current price.
10 Year X-Ray : Login to view analysis.
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.
Haryana Leather Chemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.2% | 11.2% | 8% | 7.4% | 9.2% | 6.7% | 5.5% | 7.1% | 14.4% | 8% | - |
| Value Creation Index ⓘ | -0.1 | -0.2 | -0.4 | -0.5 | -0.3 | -0.5 | -0.6 | -0.5 | 0.0 | -0.4 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 39.7 | 39.1 | 35.6 | 36.9 | 35 | 27.8 | 38.9 | 42.5 | 44.4 | 49 | 51 |
| Sales YoY Gr. | - | -1.7% | -8.9% | 3.7% | -5% | -20.5% | 39.7% | 9.3% | 4.6% | 10.4% | - |
| Adj EPS ⓘ | 3.8 | 3.9 | 3.4 | 2.7 | 4.1 | 3.1 | 2.6 | 3.7 | 6.5 | 4.7 | 4.8 |
| YoY Gr. | - | 1.3% | -11.1% | -21% | 50.9% | -24.9% | -16% | 43% | 75.1% | -27.1% | - |
| BVPS (₹) ⓘ | 53 | 57.5 | 60.1 | 62.2 | 65.5 | 68.8 | 71.5 | 75.4 | 83.8 | 87.5 | 91.3 |
| Adj Net Profit ⓘ | 1.9 | 1.9 | 1.7 | 1.3 | 2 | 1.5 | 1.3 | 1.8 | 3.2 | 2.3 | 2 |
| Cash Flow from Ops. ⓘ | 4.9 | 3.8 | 1.3 | 1.3 | 3.9 | -6.8 | 10.4 | -1.9 | 7.9 | 0.2 | - |
| Debt/CF from Ops. ⓘ | 0.1 | 0 | 0 | 0.6 | 0 | -0 | 0 | -0.3 | 0 | 3.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 2.4% | 7% | 8% | 10.4% | ||||
| Adj EPS ⓘ | 2.4% | 2.9% | 22.2% | -27.1% | ||||
| BVPSⓘ | 5.7% | 5.9% | 7% | 4.4% | ||||
| Share Price | 7.6% | 10.7% | 16.1% | -10.9% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.5 | 7 | 5.8 | 4.4 | 6.4 | 4.6 | 3.7 | 5 | 8.1 | 5.5 | 5.4 |
| Op. Profit Mgn % ⓘ | 9 | 7.9 | 6 | 4.4 | 6.3 | 6.4 | 3.2 | 5.2 | 7 | 5.4 | 5.7 |
| Net Profit Mgn % ⓘ | 4.7 | 4.9 | 4.7 | 3.6 | 5.7 | 5.4 | 3.3 | 4.3 | 7.1 | 4.7 | 4.6 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 135 | 120 | 152 | 153 | 154 | 237 | 176 | 180 | 209 | 197 | 85 |
| Cash Conv. Cycle ⓘ | 51 | 45 | 54 | 59 | 58 | 76 | 71 | 75 | 70 | 68 | 64 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 39.72 | 39.05 | 35.57 | 36.87 | 35.03 | 27.84 | 38.88 | 42.48 | 44.42 | 49.03 |
| Operating Expenses ⓘ + | 36.16 | 35.99 | 33.45 | 35.23 | 32.84 | 26.07 | 37.65 | 40.29 | 41.41 | 46.41 |
| Operating Profit ⓘ | 3.56 | 3.07 | 2.12 | 1.63 | 2.19 | 1.77 | 1.23 | 2.19 | 3.01 | 2.62 |
| Operating Profit Margin (%) | 9.0% | 7.9% | 6.0% | 4.4% | 6.3% | 6.4% | 3.2% | 5.1% | 6.8% | 5.3% |
| Other Income ⓘ + | 0.73 | 1.04 | 1.08 | 1.32 | 1.44 | 1.20 | 1.42 | 1.17 | 3.55 | 1.70 |
| Interest ⓘ | 0.20 | 0.08 | 0.12 | 0.11 | 0.09 | 0.04 | 0.05 | 0.05 | 0.06 | 0.08 |
| Depreciation ⓘ | 1.13 | 1.05 | 0.87 | 0.71 | 0.71 | 0.76 | 0.77 | 0.78 | 0.87 | 0.90 |
| Profit Before Tax ⓘ | 2.96 | 2.98 | 2.21 | 2.14 | 2.83 | 2.17 | 1.84 | 2.53 | 5.64 | 3.34 |
| Tax ⓘ | 0.93 | 1.02 | 0.48 | 0.60 | 0.73 | 0.57 | 0.52 | 0.67 | 1.03 | 1.04 |
| Profit After Tax | 2.03 | 1.96 | 1.73 | 1.54 | 2.09 | 1.60 | 1.31 | 1.86 | 4.62 | 2.30 |
| PAT Margin (%) | 5.1% | 5.0% | 4.9% | 4.2% | 6.0% | 5.7% | 3.4% | 4.4% | 10.4% | 4.7% |
| Adjusted EPS (₹) | 4.1 | 4.0 | 3.5 | 3.1 | 4.3 | 3.3 | 2.7 | 3.8 | 9.4 | 4.7 |
| Dividend Payout Ratio (%) | 19.30% | 20% | 22.70% | 25.50% | 0% | 0% | 0% | 26.40% | 10.60% | 21.30% |
Valuation of Haryana Leather Chem - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 26 | 28.22 | 29.47 | 30.54 | 32.16 | 33.76 | 35.07 | 36.99 | 41.11 | 42.92 | |
| Debt + | 0.23 | 0.16 | 0.05 | 0.70 | 0.06 | 0.01 | 0 | 0.61 | 0.28 | 0.71 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 4.62 | 6.40 | 7.27 | 5.14 | 6.47 | 2.78 | 5.37 | 3.21 | 4.25 | 4.37 | |
| Others Liabilities ⓘ | 3.13 | 2.45 | 1.96 | 2.35 | 2.44 | 2.43 | 2.73 | 2.07 | 2.57 | 2.42 | |
| Total Liabilities ⓘ | 33.99 | 37.23 | 38.75 | 38.73 | 41.13 | 38.97 | 43.17 | 42.87 | 48.21 | 50.42 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 14.87 | 14.48 | 14.53 | 14.52 | 14.51 | 15.34 | 14.87 | 15.01 | 14.28 | 14.88 | |
| CWIP ⓘ | 0.09 | 0.22 | 0.01 | 0 | 0 | 0 | 0 | 0.12 | 0.19 | 0.04 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 3.75 | 3.54 | 4.26 | 2.88 | 3.17 | 1.87 | 3.70 | 3.19 | 3.31 | 4.43 | |
| Trade Receivables | 7.91 | 8.77 | 9.53 | 9.11 | 9.23 | 7.98 | 10.07 | 9.88 | 9.35 | 10.58 | |
| Cash Equivalents | 5.37 | 8.25 | 8.17 | 9.40 | 11.92 | 2.23 | 12.19 | 1.92 | 8.77 | 7.50 | |
| Others Assets ⓘ | 1.99 | 1.98 | 2.25 | 2.81 | 2.30 | 11.56 | 2.33 | 12.75 | 12.31 | 13 | |
| Total Assets ⓘ | 33.99 | 37.23 | 38.75 | 38.73 | 41.13 | 38.97 | 43.17 | 42.87 | 48.21 | 50.42 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 4.86 | 3.76 | 1.27 | 1.26 | 3.89 | -6.82 | 10.36 | -1.93 | 7.92 | 0.19 |
| Cash Flow From Investing Activity ⓘ + | -0.36 | -0.78 | -0.73 | -0.63 | -0.68 | -1.57 | -0.31 | -0.98 | -0.70 | -1.84 |
| Cash Flow From Financing Activity ⓘ + | -0.33 | -0.10 | -0.63 | 0.60 | -0.70 | -0.07 | -0.04 | 0.58 | -0.35 | 0.39 |
| Net Cash Flow ⓘ | 4.16 | 2.88 | -0.08 | 1.23 | 2.52 | -8.46 | 10.02 | -2.33 | 6.87 | -1.27 |
Financial Ratio
| PARTICULARS | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.13 | 7.24 | 5.99 | 5.13 | 6.68 | 4.85 | 3.82 | 5.17 | 11.83 | 5.47 |
| ROCE (%) | 12.22 | 11.22 | 8.04 | 7.4 | 9.2 | 6.7 | 5.47 | 7.11 | 14.43 | 8.04 |
| Asset Turnover Ratio | 1.25 | 1.19 | 0.96 | 0.95 | 0.88 | 0.7 | 0.95 | 0.99 | 0.98 | 0.99 |
| PAT to CFO Conversion(x) | 2.39 | 1.92 | 0.73 | 0.82 | 1.86 | -4.26 | 7.91 | -1.04 | 1.71 | 0.08 |
| Working Capital Days | ||||||||||
| Receivable Days | 74.30 | 71.70 | 91.80 | 92.30 | 95.60 | 112.80 | 84.70 | 85.70 | 79 | 74.20 |
| Inventory Days | 38.50 | 31.30 | 39.10 | 35.30 | 31.50 | 33 | 26.20 | 29.60 | 26.70 | 28.80 |
| Payable Days | 80.10 | 79.70 | 102.20 | 87 | 92.80 | 93.30 | 50 | 51.10 | 45.20 | 47.10 |
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 (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Haryana Leather Chemicals Ltd FAQs
The current trading price of Haryana Leather Chem on 07-Jul-2026 16:01 is ₹62.90.
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 06-Jul-2026 the market cap of Haryana Leather Chem stood at ₹30.86 Cr
The latest P/E ratio of Haryana Leather Chem as of 06-Jul-2026 is 12.98.
The latest P/B ratio of Haryana Leather Chem as of 06-Jul-2026 is 0.69.
The 52-week high of Haryana Leather Chem is ₹88.80 and the 52-week low is ₹50.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Haryana Leather Chem is ₹51.39 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Haryana Leather Chemicals Ltd is a average quality company.
The key valuation ratios of Haryana Leather Chemicals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Haryana Leather Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Haryana Leather Chemicals Ltd
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 BindersAcrylics
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.
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