Hariyana Ship Breakers Ltd

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

Hariyana Ship Breakers Ltd

₹ 130 -2.00%
13 Dec 4:00 p.m.
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 ₹ 80.1 Cr.
  • Current Price ₹ 130
  • High / Low ₹ 240 / 79.0
  • Stock P/E 53.4
  • Book Value ₹ 237
  • Dividend Yield 0.00 %
  • ROCE 3.92 %
  • ROE 2.22 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.56 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.0% over past five years.
  • Company has a low return on equity of 2.23% over last 3 years.
  • Contingent liabilities of Rs.182 Cr.
  • Earnings include an other income of Rs.7.65 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

Sector: Ship Building Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
31.93 28.03 37.40 7.38 0.00 31.27 15.42 56.46 90.84 0.61 0.72 0.22 0.00
28.15 25.67 42.90 8.53 0.60 31.06 13.18 61.77 88.69 -0.04 1.44 0.55 0.47
Operating Profit 3.78 2.36 -5.50 -1.15 -0.60 0.21 2.24 -5.31 2.15 0.65 -0.72 -0.33 -0.47
OPM % 11.84% 8.42% -14.71% -15.58% 0.67% 14.53% -9.40% 2.37% 106.56% -100.00% -150.00%
0.90 0.75 0.11 1.50 1.28 1.67 3.54 2.98 4.34 1.74 1.77 2.08 2.06
Interest 0.81 0.19 0.28 0.18 0.27 0.54 1.23 0.77 0.05 1.00 0.66 1.11 0.60
Depreciation 0.22 0.22 0.22 0.22 0.22 0.19 0.17 0.30 0.30 0.29 0.28 0.28 0.28
Profit before tax 3.65 2.70 -5.89 -0.05 0.19 1.15 4.38 -3.40 6.14 1.10 0.11 0.36 0.71
Tax % 36.99% 49.26% -27.50% 300.00% -42.11% 65.22% 15.30% 2.06% 3.58% 33.64% 63.64% 36.11% 30.99%
2.30 1.36 -4.26 -0.20 0.27 0.40 3.71 -3.47 5.92 0.74 0.04 0.23 0.49
EPS in Rs 3.73 2.21 -6.91 -0.32 0.44 0.65 6.02 -5.63 9.60 1.20 0.06 0.37 0.79
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,006.19 464.13 231.37 365.36 275.36 156.13 377.30 126.51 148.21 168.49 54.05 148.62 1.55
982.79 465.37 243.60 372.69 286.41 162.40 387.06 142.63 145.30 169.84 53.36 151.84 2.42
Operating Profit 23.40 -1.24 -12.23 -7.33 -11.05 -6.27 -9.76 -16.12 2.91 -1.35 0.69 -3.22 -0.87
OPM % 2.33% -0.27% -5.29% -2.01% -4.01% -4.02% -2.59% -12.74% 1.96% -0.80% 1.28% -2.17% -56.13%
23.89 31.60 32.89 24.47 29.66 20.88 20.80 11.51 15.03 8.11 7.99 10.82 7.65
Interest 22.79 13.00 3.82 7.19 7.87 3.91 0.78 1.31 1.77 1.58 2.21 2.48 3.37
Depreciation 1.84 1.82 2.49 2.09 2.02 0.45 0.50 0.56 0.69 0.87 0.81 1.17 1.13
Profit before tax 22.66 15.54 14.35 7.86 8.72 10.25 9.76 -6.48 15.48 4.31 5.66 3.95 2.28
Tax % 27.54% 15.12% 1.39% 5.47% -7.45% 4.29% 16.60% 5.40% 36.24% 53.36% 26.33% 18.48%
16.43 13.19 14.14 7.43 9.37 9.81 8.14 -6.85 9.88 2.01 4.18 3.23 1.50
EPS in Rs 26.64 21.39 22.93 12.05 15.19 15.91 13.20 -11.11 16.02 3.26 6.78 5.24 2.42
Dividend Payout % 13.14% 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: -11%
5 Years: -17%
3 Years: 0%
TTM: -99%
Compounded Profit Growth
10 Years: -13%
5 Years: -12%
3 Years: -31%
TTM: -77%
Stock Price CAGR
10 Years: 10%
5 Years: 27%
3 Years: 9%
1 Year: 10%
Return on Equity
10 Years: 4%
5 Years: 2%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
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 6.17
Reserves 64.80 77.92 92.00 99.36 108.60 118.41 126.56 119.73 129.60 131.64 135.81 138.98 139.71
113.62 211.20 5.97 6.75 8.53 3.43 6.47 7.15 0.65 3.71 23.10 14.91 15.49
327.24 55.84 118.10 140.04 96.03 340.59 125.66 31.94 134.12 53.85 98.08 3.17 3.16
Total Liabilities 511.83 351.13 222.24 252.32 219.33 468.60 264.86 164.99 270.54 195.37 263.16 163.23 164.53
25.76 24.04 17.35 15.15 8.53 8.61 8.95 10.96 12.47 12.14 11.29 11.70 11.14
CWIP 0.00 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 24.10 13.40 30.89 76.99 69.47 107.08 130.78 121.94 114.26 116.59 123.80 133.55 135.24
461.97 313.69 174.00 160.18 141.22 352.82 124.43 30.54 142.06 64.56 125.99 17.98 18.15
Total Assets 511.83 351.13 222.24 252.32 219.33 468.60 264.86 164.99 270.54 195.37 263.16 163.23 164.53

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-14.10 -92.34 112.05 49.74 -46.74 1.85 -42.39 -13.94 33.84 -2.73 -48.38 0.16
-3.10 10.53 -13.35 -47.20 52.19 51.30 -3.81 14.40 16.30 0.09 0.70 0.64
17.07 84.59 -96.70 -6.40 -6.10 -9.00 -0.78 -1.31 -1.23 1.47 7.68 -10.09
Net Cash Flow -0.13 2.78 2.00 -3.85 -0.65 44.15 -46.98 -0.85 48.91 -1.17 -40.00 -9.29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 108.80 30.06 60.70 34.68 29.81 0.40 0.09 2.57 4.06 0.89 4.73 0.00
Inventory Days 8.44 94.23 17.33 3.80 24.28 661.74 92.66 32.58 206.00 16.72 624.05 4.37
Days Payable 110.85 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 6.40 90.20 -102.24 -103.69 -63.85 -93.10 10.02 -32.70 -79.69 -94.40 -58.64 4.37
Working Capital Days 50.06 203.12 83.15 20.71 59.36 -75.95 -1.95 -6.46 -85.06 -92.74 34.17 4.08
ROCE % 36.37% 11.88% 8.05% 11.10% 16.21% 9.48% 6.11% -3.80% 12.80% 4.24% 5.13% 3.92%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95% 74.95%
25.05% 25.05% 25.05% 25.04% 25.04% 25.06% 25.05% 25.04% 25.04% 25.05% 25.04% 25.05%
No. of Shareholders 3,6753,7113,6613,6513,4993,4253,3263,5453,5313,5784,4936,054

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