Haryana Leather Chemicals Ltd

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

Haryana Leather Chemicals Ltd

₹ 56.0 2.43%
02 Apr 1:44 p.m.
leatherchem.com BSE: 524080
About

Incorporated in 1985, Haryana Leather Chemicals Ltd is in the business of manufacturing specialty chemical products.[1]

Key Points

Business Overview:[1]
HLCL is an ISO certified company which specializes in the development and production
of high-quality chemicals for leather processing, footwear finishing, textile printing, pressure-sensitive adhesives, and PVC additives. It has a diverse portfolio of 250+ products

Website BSE
  • Market Cap ₹ 27.5 Cr.
  • Current Price ₹ 56.0
  • High / Low ₹ 88.8 / 50.2
  • Stock P/E 13.4
  • Book Value ₹ 89.6
  • Dividend Yield 1.79 %
  • ROCE 8.02 %
  • ROE 5.45 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.63 times its book value

Cons

  • The company has delivered a poor sales growth of 6.96% over past five years.
  • Company has a low return on equity of 5.96% 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

Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
10.09 10.88 11.02 11.41 10.63 13.53 12.20 10.81 12.60 13.92 11.76 13.09 11.78
9.56 10.07 10.46 10.60 9.55 10.80 11.45 10.10 12.11 12.75 10.97 12.22 11.16
Operating Profit 0.53 0.81 0.56 0.81 1.08 2.73 0.75 0.71 0.49 1.17 0.79 0.87 0.62
OPM % 5.25% 7.44% 5.08% 7.10% 10.16% 20.18% 6.15% 6.57% 3.89% 8.41% 6.72% 6.65% 5.26%
0.26 0.29 0.24 -0.18 0.35 0.49 0.36 -0.17 0.51 0.01 0.46 -0.03 0.43
Interest 0.00 0.02 0.01 0.01 0.03 0.01 0.01 0.01 0.02 0.04 0.00 0.03 0.03
Depreciation 0.19 0.23 0.19 0.18 0.18 0.32 0.20 0.22 0.23 0.25 0.24 0.26 0.25
Profit before tax 0.60 0.85 0.60 0.44 1.22 2.89 0.90 0.31 0.75 0.89 1.01 0.55 0.77
Tax % 25.00% 31.76% 28.33% 38.64% 18.03% 18.34% 28.89% 51.61% 18.67% 55.06% 26.73% 67.27% 25.97%
0.45 0.58 0.43 0.27 1.01 2.37 0.65 0.15 0.61 0.40 0.74 0.18 0.57
EPS in Rs 0.92 1.18 0.88 0.55 2.06 4.83 1.32 0.31 1.24 0.81 1.51 0.37 1.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
44.79 42.38 39.73 39.06 35.57 36.87 35.03 27.84 38.88 42.48 44.42 49.03 50.55
41.22 39.07 36.17 35.99 33.45 35.23 32.84 26.07 37.64 40.29 41.40 46.41 47.10
Operating Profit 3.57 3.31 3.56 3.07 2.12 1.64 2.19 1.77 1.24 2.19 3.02 2.62 3.45
OPM % 7.97% 7.81% 8.96% 7.86% 5.96% 4.45% 6.25% 6.36% 3.19% 5.16% 6.80% 5.34% 6.82%
1.23 0.31 0.73 1.04 1.08 1.32 1.44 1.20 1.42 1.17 3.55 1.70 0.87
Interest 0.25 0.26 0.20 0.08 0.12 0.11 0.09 0.04 0.05 0.05 0.06 0.08 0.10
Depreciation 0.78 1.34 1.13 1.05 0.87 0.71 0.71 0.76 0.77 0.78 0.87 0.90 1.00
Profit before tax 3.77 2.02 2.96 2.98 2.21 2.14 2.83 2.17 1.84 2.53 5.64 3.34 3.22
Tax % 27.85% 32.18% 31.42% 34.23% 21.72% 28.04% 25.80% 26.27% 28.26% 26.48% 18.26% 31.14%
2.72 1.36 2.03 1.96 1.73 1.54 2.09 1.60 1.31 1.86 4.62 2.30 1.89
EPS in Rs 5.54 2.77 4.14 3.99 3.52 3.14 4.26 3.26 2.67 3.79 9.41 4.69 3.85
Dividend Payout % 12.64% 25.27% 0.00% 20.04% 22.71% 25.51% 0.00% 0.00% 0.00% 0.00% 10.63% 21.35%
Compounded Sales Growth
10 Years: 1%
5 Years: 7%
3 Years: 8%
TTM: 3%
Compounded Profit Growth
10 Years: 5%
5 Years: 2%
3 Years: 20%
TTM: -50%
Stock Price CAGR
10 Years: 6%
5 Years: 12%
3 Years: 13%
1 Year: -27%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 6%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
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 18.70 19.06 21.09 23.31 24.56 25.63 27.25 28.85 30.16 32.08 36.21 38.01 39.08
1.54 1.50 0.23 0.16 0.05 0.70 0.06 0.01 0.00 0.61 0.28 0.71 0.52
11.00 10.00 7.76 8.85 9.24 7.48 8.90 5.20 8.10 5.27 6.81 6.79 8.50
Total Liabilities 36.15 35.47 33.99 37.23 38.76 38.72 41.12 38.97 43.17 42.87 48.21 50.42 53.01
17.08 15.70 14.87 14.48 14.53 14.52 14.51 15.34 14.87 15.01 14.28 14.88 14.75
CWIP 0.05 0.03 0.09 0.22 0.01 0.00 0.00 0.00 0.00 0.12 0.19 0.04 0.15
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
19.02 19.74 19.03 22.53 24.22 24.20 26.61 23.63 28.30 27.74 33.74 35.50 38.11
Total Assets 36.15 35.47 33.99 37.23 38.76 38.72 41.12 38.97 43.17 42.87 48.21 50.42 53.01

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2.04 1.14 4.86 3.76 1.27 1.26 3.89 -6.82 2.46 -1.93 7.92 0.19
-1.12 -0.53 -0.36 -0.78 -0.73 -0.63 -0.68 -1.57 -0.31 -0.98 -0.70 -1.84
-0.16 -0.89 -0.33 -0.10 -0.63 0.60 -0.70 -0.07 -0.04 0.58 -0.35 0.39
Net Cash Flow 0.76 -0.28 4.16 2.88 -0.08 1.23 2.52 -8.46 2.12 -2.33 6.87 -1.27
Free Cash Flow 0.92 0.61 4.50 2.98 0.54 0.63 3.21 -8.39 2.15 -2.96 7.71 -1.16
CFO/OP 89% 55% 162% 153% 83% 109% 206% -359% 235% -60% 292% 45%

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 88.01 84.14 72.67 81.95 97.79 90.19 96.17 104.62 94.54 84.89 76.83 78.76
Inventory Days 44.72 67.39 51.75 51.13 63.62 40.37 50.70 37.75 45.47 38.03 40.07 48.44
Days Payable 90.36 86.63 63.75 92.44 108.57 72.05 103.49 56.12 65.99 38.26 51.45 47.78
Cash Conversion Cycle 42.37 64.91 60.66 40.64 52.84 58.51 43.39 86.25 74.01 84.65 65.45 79.42
Working Capital Days 57.61 64.59 55.12 46.44 66.19 63.46 57.62 83.78 75.10 76.56 65.74 71.17
ROCE % 14.74% 9.09% 12.22% 11.21% 8.01% 7.21% 9.14% 6.64% 5.49% 7.10% 8.96% 8.02%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Electricity Efficiency
KWH/MT

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Fuel Oil Consumption (Furnace/HSD)
Ltr/MT
Headcount (Total Manpower)
Number
Total Production Volume
MT
Capacity Utilization
%
Installed Capacity
MT
LPG Consumption
KG/MT
R&D Expenditure (Percentage of Turnover)
%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
41.58% 41.58% 41.58% 41.58% 41.28% 41.28% 41.28% 41.28% 41.28% 41.28% 41.28% 41.28%
0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.12% 0.12% 0.12%
0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.09% 0.09%
58.22% 58.22% 58.21% 58.21% 58.52% 58.51% 58.51% 58.51% 58.53% 58.57% 58.54% 58.53%
No. of Shareholders 3,1463,1273,3993,3793,4943,7363,8724,1304,2673,8813,8453,787

* 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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