Hariyana Ship Breakers Ltd - Stock Valuation and Financial Performance

BSE: 526931 | NSE: | Shipping | Small Cap

Hariyana Ship Break Share Price

112.40 0.29 0.26%
as on 19-Apr'24 13:20

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Hariyana Ship Breakers stock performance -

mw4me loader
P/E Ratio (SA):
10.03
Market Cap:
69.1 Cr.
52-wk low:
61.6
52-wk high:
146

Is Hariyana Ship Breakers Ltd an attractive stock to invest in?

1. Is Hariyana Ship Breakers Ltd a good quality company?

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

2. Is Hariyana Ship Breakers Ltd undervalued or overvalued?

The key valuation ratios of Hariyana Ship Breakers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Hariyana Ship Breakers Ltd a good buy now?

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.

10 Year X-Ray of Hariyana Ship Break:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.4%11%23.9%7.6%5.6%6.4%0.8%7.8%5.4%3.9%-
Value Creation
Index
-0.1-0.20.7-0.5-0.6-0.6-0.9-0.5-0.6-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 46923636627515637712614816854.1163
Sales YoY Gr.--49.6%54.7%-24.7%-43.3%141.6%-66.5%17.3%13.7%-67.9%-
Adj EPS 33.531.433.75.5712.90.314.910.37.111.2
YoY Gr.--6.4%7.5%-83.6%26%84.5%-97.5%4568.8%-31.1%-31.1%-
BVPS (₹) 135.4158.4170.4186.1202215.2204.2220.2223.5230.2235.4
Adj Net
Profit
20.719.420.83.44.37.90.29.26.44.47
Cash Flow from Ops. -92.311249.7-46.71.9-42.4-13.933.8-2.7-48.4-
Debt/CF from Ops. -2.30.10.1-0.21.9-0.2-0.50-1.4-0.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -21.4%-19.1%-24.6%-67.9%
Adj EPS -15.8%0.3%181%-31.1%
BVPS6.1%2.7%4.1%3%
Share Price 10% 12.6% 27.6% 67.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
26.721.220.43.13.66.20.274.63.14.8
Op. Profit
Mgn %
2-2.33.2-3.7-2.8-1.2-9.822.91.8-0.2
Net Profit
Mgn %
4.48.25.71.22.82.10.26.23.88.14.2
Debt to
Equity
2.50.10.10.100.10.1000.2-
Working Cap
Days
299366164191521209222160134470164
Cash Conv.
Cycle
5037-84-90112-13911-8-176-175-13

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 181.00%

Sales growth is good in last 4 quarters at 127.06%

Return on Equity has declined versus last 3 years average to 4.80%

Sales growth has been subdued in last 3 years -24.64%

Latest Financials - Hariyana Ship Breakers Ltd.

Standalone Consolidated
TTM EPS (₹) 11.2 11.2
TTM Sales (₹ Cr.) 163 163
BVPS (₹.) 235.4 235.7
Reserves (₹ Cr.) 139 139
P/BV 0.48 0.48
PE 10.03 10.04
From the Market
52 Week Low / High (₹) 61.55 / 146.00
All Time Low / High (₹) 0.65 / 147.40
Market Cap (₹ Cr.) 69.1
Equity (₹ Cr.) 6.2
Face Value (₹) 10
Industry PE 8.5

Management X-Ray of Hariyana Ship Break:

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 Hariyana Ship Break

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
Sales469.13236.34365.70275.45156.14377.30126.31148.21168.4954.05
Operating Expenses 470.75249.34373.08286.52162.44387.06148.69148.11169.8453.36
Manufacturing Costs3.642.400.3121.392.161.601.251.641.07
Material Costs443.16230.65349.90280.05148.77367.73133.31140.77157.8249.71
Employee Cost 1.771.400.321.281.762.372.471.942.410.88
Other Costs 22.1914.8922.553.1910.5214.8011.324.157.971.69
Operating Profit -1.62-13-7.39-11.07-6.29-9.76-22.380.11-1.350.70
Operating Profit Margin (%) -0.3%-5.5%-2.0%-4.0%-4.0%-2.6%-17.7%0.1%-0.8%1.3%
Other Income 31.9733.6624.5233.2920.9020.8017.7717.838.117.99
Interest 12.993.827.197.873.910.781.311.771.582.21
Depreciation 1.822.492.092.020.450.500.560.690.870.81
Exceptional Items 000-3.62000000
Profit Before Tax 15.5514.357.858.7110.259.76-6.4915.484.315.67
Tax 2.360.210.43-0.660.441.610.365.612.301.48
Profit After Tax 13.1914.147.439.379.818.14-6.859.882.014.18
PAT Margin (%) 2.8%6.0%2.0%3.4%6.3%2.2%-5.4%6.7%1.2%7.7%
Adjusted EPS (₹)21.422.912.015.215.913.2-11.116.03.36.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 84.0998.16105.53114.76124.58132.73125.90135.77137.81141.98
Share Capital 6.176.176.176.176.176.176.176.176.176.17
Reserves 77.929299.36108.60118.41126.56119.73129.60131.64135.81
Minority Interest0000000000
Debt211.205.976.758.523.436.477.150.543.5822.97
Long Term Debt5.525.976.456.980000.540.410.25
Short Term Debt205.6800.301.553.436.477.1503.1722.72
Trade Payables41.40113.89135.9890.49307.8383.3424.78111.7548.4393.62
Others Liabilities 14.444.214.075.5532.7642.327.1622.495.704.69
Total Liabilities 351.13222.24252.33219.33468.60264.85164.99270.54195.51263.26

Fixed Assets

Gross Block39.7032.4032.326.186.727.5110.0812.1714.9814.85
Accumulated Depreciation15.6615.0517.170.360.681.051.552.065.135.77
Net Fixed Assets24.0417.3515.155.826.046.458.5310.129.869.08
CWIP 0000.110.090.701.551.752.082.08
Investments 13.4030.8976.9972.18109.65133.28124.36114.26116.59123.80
Inventories114.4110.953.6318.63269.7293.3511.9079.457.2384.99
Trade Receivables38.2338.4834.7122.490.170.090.891.650.410.70
Cash Equivalents 2.944.941.090.4444.590.650.4842.2341.0610.57
Others Assets158.11119.63120.7799.6538.3430.3417.2821.0818.2932.04
Total Assets 351.13222.24252.33219.33468.60264.85164.99270.54195.51263.26

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -92.34112.0549.74-46.741.85-42.39-13.9433.84-2.73-48.38
PBT 15.5514.357.858.7110.259.77-6.4615.484.315.67
Adjustment 14.806.309.28-7.75-9.73-13.40-7.10-8.59-0.78-4.75
Changes in Working Capital -120.1493.2732.61-46.621.84-37.2-0.2632.46-3.9-46.82
Tax Paid -2.55-1.870-1.08-0.52-1.56-0.11-5.51-2.36-2.48
Cash Flow From Investing Activity 10.53-13.35-47.2052.1951.30-3.8114.4016.300.090.70
Capex -0.174.140.044.48-0.51-1.45-3.42-2.40-0.870.04
Net Investments 10.70-17.49-46.107.57-25.60-21.328.844.88-7.05-7.14
Others 00-1.1440.1477.4118.968.9813.838.017.80
Cash Flow From Financing Activity 84.59-96.70-6.40-6.10-9-0.78-1.31-1.231.477.68
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.410.450.480.52-6.98000.54-0.12-0.16
Interest Paid -12.99-3.82-7.19-7.87-3.91-0.78-1.31-1.77-1.58-2.21
Dividend Paid 0000000000
Others 97.16-93.330.301.251.890003.1810.06
Net Cash Flow 2.772-3.85-0.6544.15-46.98-0.8548.91-1.17-40
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.1815.617.338.528.26.33-5.297.551.472.99
ROCE (%)11.939.1213.9614.111.277.89-3.812.84.245.14
Asset Turnover Ratio1.090.841.541.210.461.030.590.680.720.24
PAT to CFO Conversion(x)-77.926.69-4.990.19-5.21N/A3.43-1.36-11.57
Working Capital Days
Receivable Days1315836372601324
Inventory Days539671433517615211294311
Payable Days137123130148489194148177185521

Hariyana Ship Breakers Ltd Stock News

Hariyana Ship Breakers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hariyana Ship Break on 19-Apr-2024 13:20 is ₹112.4.
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 13:20 the market cap of Hariyana Ship Break stood at ₹69.13.
The latest P/E ratio of Hariyana Ship Break as of 19-Apr-2024 13:20 is 10.03.
The latest P/B ratio of Hariyana Ship Break as of 19-Apr-2024 13:20 is 0.48.
The 52-week high of Hariyana Ship Break is ₹146.0 and the 52-week low is ₹61.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hariyana Ship Break is ₹163.3 ( Cr.) .

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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