Hariyana Ship Breakers Ltd

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

Hariyana Ship Breakers Ltd

₹ 111 2.50%
22 Aug - 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 ₹ 68.4 Cr.
  • Current Price ₹ 111
  • High / Low ₹ 157 / 91.0
  • Stock P/E 33.4
  • Book Value ₹ 238
  • 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 -71.9% 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.8.26 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

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
7.38 0.00 31.27 15.42 56.46 90.84 0.61 0.72 0.22 0.00 0.00 0.00 0.00
8.53 0.60 31.06 13.18 61.77 88.69 -0.04 1.44 0.55 0.47 0.57 0.52 0.39
Operating Profit -1.15 -0.60 0.21 2.24 -5.31 2.15 0.65 -0.72 -0.33 -0.47 -0.57 -0.52 -0.39
OPM % -15.58% 0.67% 14.53% -9.40% 2.37% 106.56% -100.00% -150.00%
1.50 1.28 1.67 3.54 2.98 4.34 1.74 1.77 2.08 2.06 2.04 1.99 2.17
Interest 0.18 0.27 0.54 1.23 0.77 0.05 1.00 0.66 1.11 0.60 0.56 0.52 0.54
Depreciation 0.22 0.22 0.19 0.17 0.30 0.30 0.29 0.28 0.28 0.28 0.28 0.27 0.28
Profit before tax -0.05 0.19 1.15 4.38 -3.40 6.14 1.10 0.11 0.36 0.71 0.63 0.68 0.96
Tax % 300.00% -42.11% 65.22% 15.30% 2.06% 3.58% 33.64% 63.64% 36.11% 30.99% 31.75% 32.35% 29.17%
-0.20 0.27 0.40 3.71 -3.47 5.92 0.74 0.04 0.23 0.49 0.42 0.46 0.68
EPS in Rs -0.32 0.44 0.65 6.02 -5.63 9.60 1.20 0.06 0.37 0.79 0.68 0.75 1.10
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
464.13 231.37 365.36 275.36 156.13 377.30 126.51 148.21 168.49 54.05 148.62 0.22 0.00
465.37 243.60 372.69 286.41 162.40 387.06 142.63 145.30 169.84 53.36 151.84 2.12 1.95
Operating Profit -1.24 -12.23 -7.33 -11.05 -6.27 -9.76 -16.12 2.91 -1.35 0.69 -3.22 -1.90 -1.95
OPM % -0.27% -5.29% -2.01% -4.01% -4.02% -2.59% -12.74% 1.96% -0.80% 1.28% -2.17% -863.64%
31.60 32.89 24.47 29.66 20.88 20.80 11.51 15.03 8.11 7.99 10.82 8.18 8.26
Interest 13.00 3.82 7.19 7.87 3.91 0.78 1.31 1.77 1.58 2.21 2.48 2.79 2.22
Depreciation 1.82 2.49 2.09 2.02 0.45 0.50 0.56 0.69 0.87 0.81 1.17 1.11 1.11
Profit before tax 15.54 14.35 7.86 8.72 10.25 9.76 -6.48 15.48 4.31 5.66 3.95 2.38 2.98
Tax % 15.12% 1.39% 5.47% -7.45% 4.29% 16.60% 5.40% 36.24% 53.36% 26.33% 18.48% 32.77%
13.19 14.14 7.43 9.37 9.81 8.14 -6.85 9.88 2.01 4.18 3.23 1.60 2.05
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 3.32
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -50%
5 Years: -72%
3 Years: -89%
TTM: -100%
Compounded Profit Growth
10 Years: -18%
5 Years: 17%
3 Years: -7%
TTM: -70%
Stock Price CAGR
10 Years: 7%
5 Years: 30%
3 Years: 18%
1 Year: -27%
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
Equity Capital 6.17 6.17 6.17 6.17 6.17 6.17 6.17 6.17 6.17 6.17 6.17 6.17
Reserves 77.92 92.00 99.36 108.60 118.41 126.56 119.73 129.60 131.64 135.81 138.98 140.70
211.20 5.97 6.75 8.53 3.43 6.47 7.15 0.65 3.71 23.10 14.91 15.90
55.84 118.10 140.04 96.03 340.59 125.66 31.94 134.12 53.85 98.08 3.17 3.25
Total Liabilities 351.13 222.24 252.32 219.33 468.60 264.86 164.99 270.54 195.37 263.16 163.23 166.02
24.04 17.35 15.15 8.53 8.61 8.95 10.96 12.47 12.14 11.29 11.70 10.59
CWIP 0.00 0.00 0.00 0.11 0.09 0.70 1.55 1.75 2.08 2.08 0.00 0.00
Investments 13.40 30.89 76.99 69.47 107.08 130.78 121.94 114.26 116.59 123.80 133.55 137.64
313.69 174.00 160.18 141.22 352.82 124.43 30.54 142.06 64.56 125.99 17.98 17.79
Total Assets 351.13 222.24 252.32 219.33 468.60 264.86 164.99 270.54 195.37 263.16 163.23 166.02

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
-92.34 112.05 49.74 -46.74 1.85 -42.39 -13.94 33.84 -2.73 -48.38 0.16 -1.56
10.53 -13.35 -47.20 52.19 51.30 -3.81 14.40 16.30 0.09 0.70 0.64 3.22
84.59 -96.70 -6.40 -6.10 -9.00 -0.78 -1.31 -1.23 1.47 7.68 -10.09 -4.55
Net Cash Flow 2.78 2.00 -3.85 -0.65 44.15 -46.98 -0.85 48.91 -1.17 -40.00 -9.29 -2.88

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 30.06 60.70 34.68 29.81 0.40 0.09 2.57 4.06 0.89 4.73 0.00 0.00
Inventory Days 94.23 17.33 3.80 24.28 661.74 92.66 32.58 206.00 16.72 624.05 4.37
Days Payable 34.10 180.28 142.16 117.94 755.25 82.72 67.85 289.75 112.01 687.41 0.00
Cash Conversion Cycle 90.20 -102.24 -103.69 -63.85 -93.10 10.02 -32.70 -79.69 -94.40 -58.64 4.37 0.00
Working Capital Days 41.37 83.15 20.41 57.30 -83.97 -8.21 -27.09 -85.36 -99.87 -120.14 -32.27 -24,222.73
ROCE % 11.88% 8.05% 11.10% 16.21% 9.48% 6.11% -3.80% 12.80% 4.24% 5.13% 3.92% 3.20%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 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%
25.04% 25.04% 25.06% 25.05% 25.04% 25.04% 25.05% 25.04% 25.05% 25.04% 25.05% 25.05%
No. of Shareholders 3,6513,4993,4253,3263,5453,5313,5784,4936,0545,7915,7656,277

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