Haryana Leather Chemicals Ltd

Haryana Leather Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Haryana Leather Chemicals Ltd

₹ 76.3 2.03%
30 Apr 9:25 a.m.
leatherchem.com BSE: 524080
About

Incorporated in 1985, Haryana Leather Chemicals Ltd deals in chemicals, coatings and dispersions[1]

Key Points

Business Overview:[1]
Company has a joint venture with ICAP-SIRA ITALY, and a technical alliance with VISMON –SPAIN. It is an integrated research and manufacturing facility for chemicals for leather, textile, footwear and PVC processing, leather processing, footwear finishing, textile printing, PSA (Pressure Sensitive Adhesives) and PVC additives

Website BSE
  • Market Cap ₹ 37.5 Cr.
  • Current Price ₹ 76.3
  • High / Low ₹ 82.0 / 37.3
  • Stock P/E 14.3
  • Book Value ₹ 76.8
  • Dividend Yield 1.31 %
  • ROCE 7.10 %
  • ROE 5.16 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.97 times its book value

Cons

  • The company has delivered a poor sales growth of 3.61% over past five years.
  • Company has a low return on equity of 4.59% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
8.79 7.73 8.17 8.87 10.50 11.34 11.64 9.87 10.09 10.88 11.02 11.41 10.63
8.17 7.41 7.85 8.59 10.31 10.91 11.20 9.46 9.56 10.07 10.46 10.60 9.55
Operating Profit 0.62 0.32 0.32 0.28 0.19 0.43 0.44 0.41 0.53 0.81 0.56 0.81 1.08
OPM % 7.05% 4.14% 3.92% 3.16% 1.81% 3.79% 3.78% 4.15% 5.25% 7.44% 5.08% 7.10% 10.16%
0.40 0.19 0.34 0.03 0.42 0.63 0.30 0.32 0.26 0.29 0.24 -0.18 0.35
Interest 0.01 0.01 0.01 0.00 0.00 0.03 0.02 0.00 0.00 0.02 0.01 0.01 0.03
Depreciation 0.21 0.20 0.18 0.20 0.19 0.20 0.18 0.18 0.19 0.23 0.19 0.18 0.18
Profit before tax 0.80 0.30 0.47 0.11 0.42 0.83 0.54 0.55 0.60 0.85 0.60 0.44 1.22
Tax % 22.50% 26.67% 27.66% 136.36% 14.29% 22.89% 24.07% 23.64% 25.00% 31.76% 28.33% 38.64% 18.03%
0.62 0.22 0.35 -0.03 0.37 0.63 0.41 0.42 0.45 0.58 0.43 0.27 1.01
EPS in Rs 1.26 0.45 0.71 -0.06 0.75 1.28 0.84 0.86 0.92 1.18 0.88 0.55 2.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
32.20 39.67 44.79 42.38 39.73 39.06 35.57 36.87 35.03 27.84 38.88 42.48 43.94
29.49 36.14 41.22 39.07 36.17 35.99 33.45 35.23 32.84 26.07 37.64 40.29 40.68
Operating Profit 2.71 3.53 3.57 3.31 3.56 3.07 2.12 1.64 2.19 1.77 1.24 2.19 3.26
OPM % 8.42% 8.90% 7.97% 7.81% 8.96% 7.86% 5.96% 4.45% 6.25% 6.36% 3.19% 5.16% 7.42%
0.35 0.54 1.23 0.31 0.73 1.04 1.08 1.32 1.44 1.20 1.42 1.17 0.70
Interest 0.29 0.29 0.25 0.26 0.20 0.08 0.12 0.11 0.09 0.04 0.05 0.05 0.07
Depreciation 0.75 0.75 0.78 1.34 1.13 1.05 0.87 0.71 0.71 0.76 0.77 0.78 0.78
Profit before tax 2.02 3.03 3.77 2.02 2.96 2.98 2.21 2.14 2.83 2.17 1.84 2.53 3.11
Tax % 16.34% 40.92% 27.85% 32.18% 31.42% 34.23% 21.72% 28.04% 25.80% 26.27% 28.26% 26.48%
1.70 1.78 2.72 1.36 2.03 1.96 1.73 1.54 2.09 1.60 1.31 1.86 2.29
EPS in Rs 3.46 3.63 5.54 2.77 4.14 3.99 3.52 3.14 4.26 3.26 2.67 3.79 4.67
Dividend Payout % 17.33% 16.55% 12.64% 25.27% 0.00% 20.04% 22.71% 25.51% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: 4%
3 Years: 7%
TTM: 2%
Compounded Profit Growth
10 Years: 0%
5 Years: 2%
3 Years: -4%
TTM: 57%
Stock Price CAGR
10 Years: 16%
5 Years: 24%
3 Years: 33%
1 Year: 68%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 5%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.91 4.91 4.91 4.91 4.91 4.91 4.91 4.91 4.91 4.91 4.91 4.91 4.91
Reserves 14.95 16.39 18.70 19.06 21.09 23.31 24.56 25.63 27.25 28.85 30.16 32.08 32.78
1.88 0.90 1.54 1.50 0.23 0.16 0.05 0.70 0.06 0.01 0.00 0.61 0.41
8.03 10.27 11.00 10.00 7.76 8.85 9.24 7.48 8.90 5.20 8.10 5.27 6.57
Total Liabilities 29.77 32.47 36.15 35.47 33.99 37.23 38.76 38.72 41.12 38.97 43.17 42.87 44.67
12.55 13.00 17.08 15.70 14.87 14.48 14.53 14.52 14.51 15.34 14.87 15.01 15.12
CWIP 2.51 3.28 0.05 0.03 0.09 0.22 0.01 0.00 0.00 0.00 0.00 0.12 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
14.71 16.19 19.02 19.74 19.03 22.53 24.22 24.20 26.61 23.63 28.30 27.74 29.55
Total Assets 29.77 32.47 36.15 35.47 33.99 37.23 38.76 38.72 41.12 38.97 43.17 42.87 44.67

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.07 3.81 2.04 1.14 4.86 3.76 1.27 1.26 3.89 -6.82 2.46 -1.93
-2.89 1.97 -1.12 -0.53 -0.36 -0.78 -0.73 -0.63 -0.68 -1.57 -0.31 -0.98
-0.28 -1.62 -0.16 -0.89 -0.33 -0.10 -0.63 0.60 -0.70 -0.07 -0.04 0.58
Net Cash Flow -1.10 4.16 0.76 -0.28 4.16 2.88 -0.08 1.23 2.52 -8.46 2.12 -2.33

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 108.37 84.74 88.01 84.14 72.67 81.95 97.79 90.19 96.17 104.62 94.54 84.89
Inventory Days 52.10 55.66 44.72 67.39 51.75 51.13 63.62 40.37 50.70 37.75 45.47 38.03
Days Payable 86.02 94.59 90.36 86.63 63.75 92.44 108.57 72.05 103.49 56.12 65.99 38.26
Cash Conversion Cycle 74.44 45.81 42.37 64.91 60.66 40.64 52.84 58.51 43.39 86.25 74.01 84.65
Working Capital Days 84.68 60.27 65.27 75.62 57.24 47.94 66.70 70.19 58.14 83.91 75.10 81.80
ROCE % 10.90% 15.16% 14.74% 9.09% 12.22% 11.21% 8.01% 7.21% 9.14% 6.64% 5.49% 7.10%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.57% 41.57% 41.57% 41.57% 41.57% 41.58% 41.58% 41.58% 41.58% 41.58% 41.58% 41.28%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15%
0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
58.22% 58.22% 58.22% 58.22% 58.22% 58.22% 58.21% 58.22% 58.22% 58.21% 58.21% 58.52%
No. of Shareholders 2,6932,7242,8382,9092,9203,0033,0533,1463,1273,3993,3793,494

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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