Haryana Leather Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 524080 | NSE: | Chemicals | Small Cap

Haryana Leather Chem Share Price

72.11 -0.99 -1.35%
as on 19-Apr'24 16:01

DeciZen - make an informed investing decision on Haryana Leather Chem

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Haryana Leather Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
15.47
Market Cap:
35.4 Cr.
52-wk low:
37.3
52-wk high:
82

Is Haryana Leather Chemicals Ltd an attractive stock to invest in?

1. Is Haryana Leather Chemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Haryana Leather Chemicals Ltd is a average quality company.

2. Is Haryana Leather Chemicals Ltd undervalued or overvalued?

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.

3. Is Haryana Leather Chemicals Ltd a good buy now?

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.

10 Year X-Ray of Haryana Leather Chem:

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 end

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.
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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.2%6%7.8%7.2%6.1%4.6%6.5%4.7%3.8%5.1%-
Value Creation
Index
-0.3-0.6-0.5-0.5-0.6-0.7-0.5-0.7-0.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 44.842.439.739.135.636.93527.838.942.544
Sales YoY Gr.--5.4%-6.3%-1.7%-8.9%3.7%-5%-20.5%39.7%9.3%-
Adj EPS 4.12.73.83.93.42.74.13.12.63.74.7
YoY Gr.--32.9%39.6%1.3%-11.1%-21%50.9%-24.9%-16%43%-
BVPS (₹) 48.148.85357.560.162.265.568.871.575.478.8
Adj Net
Profit
21.31.91.91.71.321.51.31.82
Cash Flow from Ops. 21.14.93.81.31.33.9-6.810.4-1.9-
Debt/CF from Ops. 0.81.30.1000.6000-0.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.6%3.6%6.6%9.3%
Adj EPS -1.1%1.5%-3.4%43%
BVPS5.1%4.6%4.8%5.4%
Share Price 14.9% 24.5% 34.6% 75.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.95.67.575.84.46.44.63.756
Op. Profit
Mgn %
87.897.964.46.36.43.25.27.4
Net Profit
Mgn %
4.53.24.74.94.73.65.75.43.34.35.2
Debt to
Equity
0.10.100000000-
Working Cap
Days
12214013512015215315423717618063
Cash Conv.
Cycle
3444514554595876717543

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.00%

Sales growth has been subdued in last 3 years 6.64%

Net Profit has been subdued in last 3 years -3.37%

Sales growth is not so good in last 4 quarters at 2.89%

Latest Financials - Haryana Leather Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 4.7 -
TTM Sales (₹ Cr.) 43.9 -
BVPS (₹.) 78.8 -
Reserves (₹ Cr.) 34 -
P/BV 0.91 -
PE 15.47 -
From the Market
52 Week Low / High (₹) 37.30 / 82.00
All Time Low / High (₹) 1.00 / 90.00
Market Cap (₹ Cr.) 35.4
Equity (₹ Cr.) 4.9
Face Value (₹) 10
Industry PE 48.2

Management X-Ray of Haryana Leather Chem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Haryana Leather Chem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales44.7942.3839.7239.0535.5736.8735.0327.8438.8842.48
Operating Expenses 41.2239.0736.1635.9933.4535.2332.8426.0737.6540.29
Manufacturing Costs2.111.912.062.372.011.741.541.411.551.80
Material Costs31.8329.4126.4525.2724.4326.0422.8318.0829.7130.63
Employee Cost 2.392.552.742.993.403.613.623.113.363.34
Other Costs 4.895.204.905.363.613.844.843.483.034.53
Operating Profit 3.583.313.563.072.121.632.191.771.232.19
Operating Profit Margin (%) 8.0%7.8%9.0%7.9%6.0%4.4%6.3%6.4%3.2%5.1%
Other Income 1.220.330.731.041.081.321.441.201.421.17
Interest 0.250.260.200.080.120.110.090.040.050.05
Depreciation 0.781.341.131.050.870.710.710.760.770.78
Exceptional Items 0-0.0200000000
Profit Before Tax 3.772.022.962.982.212.142.832.171.842.53
Tax 1.050.660.931.020.480.600.730.570.520.67
Profit After Tax 2.721.362.031.961.731.542.091.601.311.86
PAT Margin (%) 6.1%3.2%5.1%5.0%4.9%4.2%6.0%5.7%3.4%4.4%
Adjusted EPS (₹)5.52.84.14.03.53.14.33.32.73.8
Dividend Payout Ratio (%)13%25%19%20%23%26%0%0%0%26%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 23.6123.972628.2229.4730.5432.1633.7635.0736.99
Share Capital 4.914.914.914.914.914.914.914.914.914.91
Reserves 18.7019.0621.0923.3124.5625.6327.2528.8530.1632.08
Minority Interest0000000000
Debt1.541.500.230.160.050.700.060.0100
Long Term Debt0.600.220000.020.01000
Short Term Debt0.941.280.230.160.050.680.050.0100
Trade Payables7.886.984.626.407.275.146.472.785.373.21
Others Liabilities 3.123.023.132.451.962.352.442.432.732.67
Total Liabilities 36.1535.4733.9937.2338.7538.7341.1338.9743.1742.87

Fixed Assets

Gross Block28.9828.9429.2529.9030.7331.2531.8832.9033.2134.13
Accumulated Depreciation11.9013.2414.3715.4216.2016.7317.3717.5718.3419.11
Net Fixed Assets17.0815.7014.8714.4814.5314.5214.5115.3414.8715.01
CWIP 0.050.030.090.220.0100000.12
Investments 0000000000
Inventories3.905.433.753.544.262.883.171.873.703.19
Trade Receivables10.809.777.918.779.539.119.237.9810.079.88
Cash Equivalents 1.491.215.378.258.179.4011.922.2312.191.92
Others Assets2.833.331.991.982.252.812.3011.562.3312.75
Total Assets 36.1535.4733.9937.2338.7538.7341.1338.9743.1742.87

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2.041.144.863.761.271.263.89-6.8210.36-1.93
PBT 3.772.022.962.982.212.142.832.171.842.53
Adjustment 0.391.551.260.600.930.230.270.760.800.81
Changes in Working Capital -0.59-1.351.531.11-1.37-0.591.42-9.298.18-4.65
Tax Paid -1.12-0.67-0.90-0.93-0.50-0.52-0.62-0.46-0.45-0.61
Cash Flow From Investing Activity -1.12-0.53-0.36-0.78-0.73-0.63-0.68-1.57-0.31-0.98
Capex -1.64-0.53-0.36-0.78-0.71-0.63-0.68-1.57-0.31-1.03
Net Investments 0000000000
Others 0.52000-0.0100000.05
Cash Flow From Financing Activity -0.16-0.89-0.33-0.10-0.630.60-0.70-0.07-0.040.58
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.43-0.33-0.360000000
Interest Paid -0.13-0.21-0.13-0.03-0.05-0.05-0.05-0.02-0.03-0.03
Dividend Paid 0000-0.4700000
Others -0.46-0.350.16-0.07-0.110.65-0.65-0.05-0.010.61
Net Cash Flow 0.77-0.284.162.88-0.081.232.52-8.4610.02-2.33
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.15.718.137.245.995.136.684.853.825.17
ROCE (%)16.979.0112.2211.228.047.49.26.75.477.11
Asset Turnover Ratio1.431.311.251.190.960.950.880.70.950.99
PAT to CFO Conversion(x)0.750.842.391.920.730.821.86-4.267.91-1.04
Working Capital Days
Receivable Days748074729292961138586
Inventory Days30363931393532332630
Payable Days879280801028793935051

Haryana Leather Chemicals Ltd Stock News

Haryana Leather Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Haryana Leather Chem on 19-Apr-2024 16:01 is ₹72.11.
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 19-Apr-2024 16:01 the market cap of Haryana Leather Chem stood at ₹35.39.
The latest P/E ratio of Haryana Leather Chem as of 19-Apr-2024 16:01 is 15.47.
The latest P/B ratio of Haryana Leather Chem as of 19-Apr-2024 16:01 is 0.91.
The 52-week high of Haryana Leather Chem is ₹82.00 and the 52-week low is ₹37.30.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Haryana Leather Chem is ₹43.94 ( Cr.) .

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 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.
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