Hariyana Ship Breakers Ltd

About [ edit ]

Hariyana Ship Breakers is engaged in Ship Recycling (ship breaking), Manufacturing of Sponge Iron & Steels, Trading in Ferrous & Non-Ferrous Metals and Coal and Investment.

  • Market Cap 39.1 Cr.
  • Current Price 63.4
  • High / Low 68.7 / 21.8
  • Stock P/E 10.2
  • Book Value 209
  • Dividend Yield 0.00 %
  • ROCE -3.80 %
  • ROE -5.30 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.30 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -11.37% over past five years.
  • Company has a low return on equity of 1.85% for last 3 years.
  • Earnings include an other income of Rs.13.01 Cr.

Peer comparison

Sector: Ship Building Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
38.95 125.84 115.90 85.64 49.92 63.02 26.39 13.57 23.53 45.22 19.61 56.68
46.09 129.37 117.33 82.88 57.47 64.38 31.67 19.18 27.40 47.40 19.48 53.41
Operating Profit -7.14 -3.53 -1.43 2.76 -7.55 -1.36 -5.28 -5.61 -3.87 -2.18 0.13 3.27
OPM % -18.33% -2.81% -1.23% 3.22% -15.12% -2.16% -20.01% -41.34% -16.45% -4.82% 0.66% 5.77%
Other Income 11.35 3.61 2.53 5.39 9.27 4.41 4.02 0.67 2.40 2.94 4.98 2.69
Interest 1.73 0.19 0.07 0.08 0.44 0.37 0.20 0.20 0.54 0.35 0.34 0.42
Depreciation 0.11 0.11 0.13 0.13 0.13 0.11 0.13 0.17 0.15 0.18 0.17 0.17
Profit before tax 2.37 -0.22 0.90 7.94 1.15 2.57 -1.59 -5.31 -2.16 0.23 4.60 5.37
Tax % -96.62% 27.27% 31.11% 34.76% -118.26% 33.85% -6.29% 14.31% -6.94% 200.00% 36.30% 35.57%
Net Profit 4.66 -0.16 0.62 5.18 2.51 1.70 -1.69 -4.55 -2.31 -0.24 2.94 3.46
EPS in Rs 7.56 -0.26 1.01 8.40 4.07 2.76 -2.74 -7.38 -3.75 -0.39 4.77 5.61

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
164 128 331 576 1,006 464 231 365 275 156 377 127 145
151 120 314 567 983 465 244 373 288 162 387 143 148
Operating Profit 13 8 17 9 23 -1 -13 -7 -12 -6 -10 -16 -3
OPM % 8% 6% 5% 2% 2% -0% -6% -2% -4% -4% -3% -13% -2%
Other Income 2 7 2 12 24 32 33 25 31 21 21 12 13
Interest 5 3 3 5 23 13 4 7 8 4 1 1 2
Depreciation 2 2 2 2 2 2 2 2 2 0 0 1 1
Profit before tax 9 11 14 15 23 16 14 8 9 10 10 -6 8
Tax % 36% 36% 31% 32% 28% 15% 1% 5% -7% 4% 17% -5%
Net Profit 5 7 10 10 16 13 14 7 9 10 8 -7 4
EPS in Rs 8.89 11.24 16.09 16.82 26.64 21.39 22.93 12.05 15.19 15.91 13.20 -11.11 6.24
Dividend Payout % 23% 18% 16% 18% 13% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-0%
5 Years:-11%
3 Years:-23%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:290%
Stock Price CAGR
10 Years:3%
5 Years:4%
3 Years:-13%
1 Year:168%
Return on Equity
10 Years:9%
5 Years:4%
3 Years:2%
Last Year:-5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 29 35 43 51 65 78 92 99 109 118 127 120 122
Borrowings 20 11 10 8 114 211 6 7 9 3 6 7 0
37 74 199 274 327 56 118 140 96 341 126 32 115
Total Liabilities 93 126 259 340 512 351 222 252 219 469 265 165 244
30 30 29 27 26 24 17 15 9 9 9 11 11
CWIP 1 0 0 0 0 0 0 0 0 0 1 2 2
Investments 2 3 7 21 24 13 31 77 69 107 131 122 119
60 93 222 291 462 314 174 160 141 353 124 31 113
Total Assets 93 126 259 340 512 351 222 252 219 469 265 165 244

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-2 -37 8 18 -14 -92 112 50 -47 2 -42 -14
-1 -2 -5 -14 -3 11 -13 -47 52 51 -4 14
2 39 -3 -4 17 85 -97 -6 -6 -9 -1 -1
Net Cash Flow -1 0 -0 0 -0 3 2 -4 -1 44 -47 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 27% 26% 31% 32% 36% 12% 8% 11% 16% 9% 6% -4%
Debtor Days 16 20 96 66 109 30 61 35 30 0 0 3
Inventory Turnover 4.99 4.14 6.49 7.97 19.85 6.52 3.71 47.91 25.30 1.04 2.03 2.55

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.95 74.95 74.95 74.95 74.95 74.95 74.95 74.95 74.95 74.95 74.95 74.95
0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
25.05 25.05 25.05 25.05 25.05 25.05 25.03 25.05 25.05 25.05 25.05 25.05

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