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Hariyana Ship Breakers Ltd (526931)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526931 NSE: Shipping | Small Cap | Hariyana Ship Break Share Price

₹101.50 1.50 (1.50%)

As on 30-Jun'26 13:44

Hariyana Ship Breakers Ltd (526931)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526931 NSE: Shipping | Small Cap | Hariyana Ship Break Share Price

₹101.50 1.50 (1.50%)

As on 30-Jun'26 13:44

Key Metrics
Valuation Multiples
Market Cap
₹62 Cr.
Current Price
₹101.5
52-Week Low / High
₹82 / 134
TTM EPS
₹0.6
TTM Sales
₹3.5 Cr.
Book Value per Share
₹238.8
P/E Ratio
156.51
Higher than its 5-year historical median
Industry PE
11.3
Price to Book (P/B)
0.42
Lower than its 5-year historical median
Price to Sales (P/S)
17.64
Higher than its 5-year historical median
EV/EBITDA
3.33
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.10%
Underperforms industry median
Return on Capital Employed (ROCE)
3.20%
Underperforms industry median
Return on Assets (ROA)
0.97%
Operating Profit Margin
-843.2%
Net Profit Margin
714.79%
Gross Profit Margin
1,556.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-99.85%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-50.46%
Asset Quality
Promoter Holding
74.95%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹141 Cr.
Equity
₹6.2 Cr.
Face Value
₹10
All Time Low / High
₹0.65 / 239.95

Hariyana Ship Breakers stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Hariyana Ship Breakers Ltd a good quality company?
Hariyana Ship Breakers 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 Hariyana Ship Breakers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Hariyana Ship Breakers Ltd vs industry peers?
Hariyana Ship Breakers Ltd revenue CAGR is -71.93%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Hariyana Ship Breakers Ltd?
Promoters hold 74.95% of the Hariyana Ship Breakers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Hariyana Ship Breakers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.8% 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 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.
Hariyana Ship Breakers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14%14.1%11.3%7.9%-3.8%12.8%4.2%5.1%4%3.2%-
Value Creation
Index
-00.0-0.2-0.4-1.3-0.1-0.7-0.6-0.7-0.8-

Growth Parameters

Sales 36627515637712614816854.11490.24
Sales YoY Gr.--24.7%-43.3%141.6%-66.5%17.3%13.7%-67.9%174.9%-99.9%-
Adj EPS 33.75.5712.90.314.94.97.14.62.60.6
YoY Gr.--83.6%26%84.5%-97.5%4568.8%-67%43.6%-35.6%-43%-
BVPS (₹) 170.4186.1202215.2204.2220.2223.5230.2235.4238.2238.8
Adj Net
Profit
20.83.44.37.90.29.234.42.81.60
Cash Flow from Ops. 49.7-46.71.9-42.4-13.933.8-2.7-48.40.2-1.6-
Debt/CF from Ops. 0.1-0.21.9-0.2-0.50-1.4-0.596-10.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -56.1%-71.9%-89.1%-99.9%
Adj EPS -24.8%52%-19.2%-43%
BVPS3.8%3.1%2.1%1.2%
Share Price 5.6% 0.8% 7.6% -18.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
20.43.13.66.20.272.23.121.10.3
Op. Profit
Mgn %
3.2-3.7-2.8-1.2-9.820.11.8-2.2-843.280.4
Net Profit
Mgn %
5.71.22.82.10.26.21.88.11.9714.811.3
Debt to
Equity
0.10.100.10.1000.20.10.10
Working Cap
Days
16419152120922216013447016327,94554
Cash Conv.
Cycle
-84-90112-13911-8-176-175-42,859-239

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales365.70275.45156.14377.30126.31148.21168.4954.07148.630.22
Operating Expenses + 373.08286.52162.44387.06148.69148.11169.8453.37151.842.12
Manufacturing Costs0.3121.392.161.601.251.621.061.100.37
Material Costs349.90280.05148.77367.73133.31140.77157.8249.71147.160
Employee Cost 0.321.281.762.372.471.942.410.881.770.35
Other Costs 22.553.1910.5214.8011.324.157.991.721.811.40
Operating Profit -7.39-11.07-6.29-9.76-22.380.11-1.350.70-3.21-1.89
Operating Profit Margin (%) -2.0%-4.0%-4.0%-2.6%-17.7%0.1%-0.8%1.3%-2.2%-843.0%
Other Income + 24.5233.2920.9020.8017.7717.838.117.9910.828.18
Exceptional Items 0-3.6200000000
Interest 7.197.873.910.781.311.771.582.212.482.79
Depreciation 2.092.020.450.500.560.690.870.811.171.11
Profit Before Tax 7.858.7110.259.76-6.4915.484.315.673.962.38
Tax 0.43-0.660.441.610.365.612.301.480.730.78
Profit After Tax 7.439.379.818.14-6.859.882.014.183.231.60
PAT Margin (%) 2.0%3.4%6.3%2.2%-5.4%6.7%1.2%7.7%2.2%714.8%
Adjusted EPS (₹)12.015.215.913.2-11.116.03.36.85.22.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Hariyana Ship Break - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 105.53114.76124.58132.73125.90135.77137.81141.98145.15146.87
Share Capital 6.176.176.176.176.176.176.176.176.176.17
Reserves 99.36108.60118.41126.56119.73129.60131.64135.81138.98140.70
Debt +6.758.523.436.477.150.543.5822.9714.7815.80
Long Term Debt6.456.980000.540.410.250.110
Short Term Debt0.301.553.436.477.1503.1722.7214.6715.80
Minority Interest0000000000
Trade Payables135.9890.49307.8383.3424.78111.7548.4393.6200
Others Liabilities 4.075.5532.7642.327.1622.495.704.693.483.39
Total Liabilities 252.33219.33468.60264.85164.99270.54195.51263.26163.40166.05

Fixed Assets

Net Fixed Assets +15.155.826.046.458.5310.129.869.089.568.52
Gross Block32.326.186.727.5110.0812.1714.9814.8515.9615.96
Accumulated Depreciation17.170.360.681.051.552.065.135.776.407.44
CWIP 00.110.090.701.551.752.082.0800
Investments 76.9972.18109.65133.28124.36114.26116.59123.80133.55137.64
Inventories3.6318.63269.7293.3511.9079.457.2384.991.761.76
Trade Receivables34.7122.490.170.090.891.650.410.7000
Cash Equivalents 1.090.4444.590.650.4842.2341.0610.570.850.76
Others Assets 120.7799.6538.3430.3417.2821.0818.2932.0417.6917.38
Total Assets 252.33219.33468.60264.85164.99270.54195.51263.26163.40166.05

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 49.74-46.741.85-42.39-13.9433.84-2.73-48.380.16-1.56
PBT 7.858.7110.259.77-6.4615.484.315.673.962.38
Adjustment 9.28-7.75-9.73-13.40-7.10-8.59-0.78-4.75-6.38-3.26
Changes in Working Capital 32.61-46.621.84-37.2-0.2632.46-3.9-46.824.250.01
Tax Paid 0-1.08-0.52-1.56-0.11-5.51-2.36-2.48-1.67-0.69
Cash Flow From Investing Activity + -47.2052.1951.30-3.8114.4016.300.090.700.643.22
Capex 0.044.48-0.51-1.45-3.42-2.40-0.870.040.750
Net Investments -46.107.57-25.60-21.328.844.88-7.05-7.14-9.76-4.09
Others -1.1440.1477.4118.968.9813.838.017.809.657.31
Cash Flow From Financing Activity + -6.40-6.10-9-0.78-1.31-1.231.477.68-10.09-4.55
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.480.52-6.98000.54-0.12-0.16-0.14-0.11
Interest Paid -7.19-7.87-3.91-0.78-1.31-1.77-1.58-2.21-2.33-2.73
Dividend Paid 0000000000
Others 0.301.251.890003.1810.06-7.62-1.70
Net Cash Flow -3.85-0.6544.15-46.98-0.8548.91-1.17-40-9.29-2.88

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.338.528.26.33-5.297.551.472.992.251.1
ROCE (%)13.9614.111.277.89-3.812.84.245.143.963.2
Asset Turnover Ratio1.541.210.461.030.590.680.720.240.70
PAT to CFO Conversion(x)6.69-4.990.19-5.21N/A3.43-1.36-11.570.05-0.98
Working Capital Days
Receivable Days36.5036.5026.300.101.403.102.203.8000
Inventory Days7.3014.20334.80175.60151.80112.5093.90311.30106.502,858.60
Payable Days130.30147.60488.60194.10148177185.20521.50116.100

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Hariyana Ship Breakers Ltd FAQs

The current trading price of Hariyana Ship Break on 30-Jun-2026 13:44 is ₹101.5.

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 29-Jun-2026 the market cap of Hariyana Ship Break stood at ₹61.67 Cr

The latest P/E ratio of Hariyana Ship Break as of 29-Jun-2026 is 156.5.

The latest P/B ratio of Hariyana Ship Break as of 29-Jun-2026 is 0.42.

The 52-week high of Hariyana Ship Break is ₹133.9 and the 52-week low is ₹82.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hariyana Ship Break is ₹3.50 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Hariyana Ship Breakers Ltd is a below average quality company.

The key valuation ratios of Hariyana Ship Breakers 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 Hariyana Ship Breakers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Hariyana Ship Breakers Ltd

Hariyana Ship Breakers Ltd. a Hariyana Group company was established in 1981, it started commercial operations in 1981. The company is ISO 9001-2000, 14001:2004 & OHSAS 18001:2007 certified.

The company has already started one sponge iron plant. Further plan for power & steel plant at hassan with installed capacity of 1.00 lac ton per annum this division of hariyana ship breakers ltd. is in the name of hariyana steel & power. The company has already completed 1st phase of sponge iron plant & 2nd phase work is in progress.

The company is listed in the recognized stock exchange in India i.e. Bombay Stock Exchange (BSE). The company has imported one of the largest ship “pacific blue” of 57000 m.t. (2001-02).

The company has partnered with following partnership firm:

  • Whitefield projects- established & commercial operation started in 2007. This is a partnership firm at bangalore engaged in construction activities. The group has purchased 65340 sq.ft. of land for residential & commercial purpose for amount of Rs.521 lakh. The company is partner with Rajendra Agarwal of Singhal Granites Pvt.ltd. ,who is one of the leading granite dealers in Bangalore & Rampurshottam Goyal of Goyal & Co.Construction Pvt ltd. who is a renowned builder in Ahmedabad
  • Raj Associates- established in 2008. This is a partnership firm at mumbai engaged in construction of building & real estate activities.
  • Swastik developers- established & commercial operation started in 2007. This is a partnership firm at goa engaged in construction of building & real estate activities. The group has purchased 264125 sq.mt of land for residential & commercial purpose for amount of Rs.475 lakh.

Business activities of the company:

The company's principal activity is to ship breaking, trading, manufacturing of sponge iron and also financing activities. It operates in three segments namely Trading, Steel and power & financing.

Achievements/ recognition:

  • ISO 9001-2000, 1400:2004 & OHSAS 18001:2007 certified
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