Hariyana Ship Breakers Ltd

Hariyana Ship Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hariyana Ship Breakers Ltd

₹ 114 -0.35%
19 Feb - close price
hariyanagroup.com BSE: 526931
About

Incorporated in 1981, Hariyana Ship Breakers Ltd is engaged in Ship Breaking business

Key Points

Business Overview:[1][2]
Company is a part of Haryana Group which undertakes ship breaking activity through 3 companies viz. Inducto Steel Limited, Hariyana Ship Breakers Limited, and Hariyana Ship Demolition Private Limited. HSBL is engaged
in ship breaking business in the Alang-Sosiya belt of Bhavnagar region of Gujarat with plot size of 4185 square meters having frontage of 45 meters. Company’s operations are carried out at premises leased out by Gujarat Maritime Board (GMB) in Bhavnagar.
HSBL is also engaged in trading of Ferrous and Non-ferrous metal and coils and has its investments made in real estate partnership firms. Company also provides surplus funds on interest to other parties and is also invested in shares and securities to earn capital gains

Website BSE
  • Market Cap ₹ 70.5 Cr.
  • Current Price ₹ 114
  • High / Low ₹ 149 / 91.0
  • Stock P/E 6.90
  • Book Value ₹ 243
  • Dividend Yield 0.00 %
  • ROCE 3.20 %
  • ROE 1.10 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.47 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -72.2% over past five years.
  • Company has a low return on equity of 2.09% over last 3 years.
  • Contingent liabilities of Rs.182 Cr.
  • Earnings include an other income of Rs.14.2 Cr.

* 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

Industrials Capital Goods Industrial Manufacturing Ship Building & Allied Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
31.27 15.42 56.46 90.84 0.61 0.72 0.22 0.00 0.00 0.00 0.00 1.30 2.20
31.06 13.18 61.77 88.69 -0.04 1.44 0.55 0.47 0.57 0.52 0.39 0.28 0.40
Operating Profit 0.21 2.24 -5.31 2.15 0.65 -0.72 -0.33 -0.47 -0.57 -0.52 -0.39 1.02 1.80
OPM % 0.67% 14.53% -9.40% 2.37% 106.56% -100.00% -150.00% 78.46% 81.82%
1.67 3.54 2.98 4.34 1.74 1.77 2.08 2.06 2.04 1.99 2.17 2.69 7.30
Interest 0.54 1.23 0.77 0.05 1.00 0.66 1.11 0.60 0.56 0.52 0.54 0.62 0.45
Depreciation 0.19 0.17 0.30 0.30 0.29 0.28 0.28 0.28 0.28 0.27 0.28 0.28 0.28
Profit before tax 1.15 4.38 -3.40 6.14 1.10 0.11 0.36 0.71 0.63 0.68 0.96 2.81 8.37
Tax % 65.22% 15.30% 2.06% 3.58% 33.64% 63.64% 36.11% 30.99% 31.75% 32.35% 29.17% 20.28% 18.52%
0.40 3.71 -3.47 5.92 0.74 0.04 0.23 0.49 0.42 0.46 0.68 2.25 6.82
EPS in Rs 0.65 6.02 -5.63 9.60 1.20 0.06 0.37 0.79 0.68 0.75 1.10 3.65 11.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
464 231 365 275 156 377 127 148 168 54 149 0 4
465 244 373 286 162 387 143 145 170 53 152 2 2
Operating Profit -1 -12 -7 -11 -6 -10 -16 3 -1 1 -3 -2 2
OPM % -0% -5% -2% -4% -4% -3% -13% 2% -1% 1% -2% -905% 55%
32 33 24 30 21 21 12 15 8 8 11 8 14
Interest 13 4 7 8 4 1 1 2 2 2 2 3 2
Depreciation 2 2 2 2 0 0 1 1 1 1 1 1 1
Profit before tax 16 14 8 9 10 10 -6 15 4 6 4 2 13
Tax % 15% 1% 5% -7% 4% 17% 5% 36% 53% 26% 18% 33%
13 14 7 9 10 8 -7 10 2 4 3 2 10
EPS in Rs 21.39 22.93 12.05 15.19 15.91 13.20 -11.11 16.02 3.26 6.78 5.24 2.59 16.56
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -50%
5 Years: -72%
3 Years: -89%
TTM: 272%
Compounded Profit Growth
10 Years: -18%
5 Years: 17%
3 Years: -7%
TTM: 765%
Stock Price CAGR
10 Years: 9%
5 Years: 22%
3 Years: 20%
1 Year: 4%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 2%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 78 92 99 109 118 127 120 130 132 136 139 141 144
211 6 7 9 3 6 7 1 4 23 15 16 16
56 118 140 96 341 126 32 134 54 98 3 3 3
Total Liabilities 351 222 252 219 469 265 165 271 195 263 163 166 169
24 17 15 9 9 9 11 12 12 11 12 11 10
CWIP 0 0 0 0 0 1 2 2 2 2 0 0 0
Investments 13 31 77 69 107 131 122 114 117 124 134 138 141
314 174 160 141 353 124 31 142 65 126 18 18 18
Total Assets 351 222 252 219 469 265 165 271 195 263 163 166 169

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-92 112 50 -47 2 -42 -14 34 -3 -48 0 -2
11 -13 -47 52 51 -4 14 16 0 1 1 3
85 -97 -6 -6 -9 -1 -1 -1 1 8 -10 -5
Net Cash Flow 3 2 -4 -1 44 -47 -1 49 -1 -40 -9 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 30 61 35 30 0 0 3 4 1 5 0 0
Inventory Days 94 17 4 24 662 93 33 206 17 624 4
Days Payable 34 180 142 118 755 83 68 290 112 687 0
Cash Conversion Cycle 90 -102 -104 -64 -93 10 -33 -80 -94 -59 4 0
Working Capital Days 41 83 20 57 -84 -8 -27 -85 -100 -120 -32 -25,376
ROCE % 12% 8% 11% 16% 9% 6% -4% 13% 4% 5% 4% 3%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95%
25.06% 25.05% 25.04% 25.04% 25.05% 25.04% 25.05% 25.04% 25.05% 25.05% 25.05% 25.04%
No. of Shareholders 3,4253,3263,5453,5313,5784,4936,0545,7915,7656,2776,2076,242

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