Hariyana Ship Breakers Ltd
₹ 99.2
0.56%
02 Jun
- close price
About
Incorporated in 1981, Hariyana Ship Breakers
Ltd is in the business of ship breaking, trading and investment activities[1]
Key Points
- Market Cap ₹ 61.2 Cr.
- Current Price ₹ 99.2
- High / Low ₹ 142 / 82.2
- Stock P/E 5.57
- Book Value ₹ 239
- Dividend Yield 0.00 %
- ROCE 11.8 %
- ROE 7.48 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.42 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 -52.7% over past five years.
- Company has a low return on equity of 3.62% over last 3 years.
- Contingent liabilities of Rs.182 Cr.
- Earnings include an other income of Rs.5.38 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 231.37 | 365.36 | 275.36 | 156.13 | 377.30 | 126.51 | 148.21 | 168.49 | 54.05 | 148.62 | 0.21 | 3.50 | |
| 243.60 | 372.69 | 286.41 | 162.40 | 387.06 | 142.63 | 145.30 | 169.84 | 53.36 | 151.84 | 2.11 | 2.45 | |
| Operating Profit | -12.23 | -7.33 | -11.05 | -6.27 | -9.76 | -16.12 | 2.91 | -1.35 | 0.69 | -3.22 | -1.90 | 1.05 |
| OPM % | -5.29% | -2.01% | -4.01% | -4.02% | -2.59% | -12.74% | 1.96% | -0.80% | 1.28% | -2.17% | -904.76% | 30.00% |
| 32.89 | 24.47 | 29.66 | 20.88 | 20.80 | 11.51 | 15.03 | 8.11 | 7.99 | 10.82 | 8.18 | 5.38 | |
| Interest | 3.82 | 7.19 | 7.87 | 3.91 | 0.78 | 1.31 | 1.77 | 1.58 | 2.21 | 2.48 | 2.79 | 2.48 |
| Depreciation | 2.49 | 2.09 | 2.02 | 0.45 | 0.50 | 0.56 | 0.69 | 0.87 | 0.81 | 1.17 | 1.11 | 1.09 |
| Profit before tax | 14.35 | 7.86 | 8.72 | 10.25 | 9.76 | -6.48 | 15.48 | 4.31 | 5.66 | 3.95 | 2.38 | 2.86 |
| Tax % | 1.39% | 5.47% | -7.45% | 4.29% | 16.60% | 5.40% | 36.24% | 53.36% | 26.33% | 18.48% | 32.77% | 86.01% |
| 14.14 | 7.43 | 9.37 | 9.81 | 8.14 | -6.85 | 9.88 | 2.01 | 4.18 | 3.23 | 1.60 | 0.39 | |
| EPS in Rs | 22.93 | 12.05 | 15.19 | 15.91 | 13.20 | -11.11 | 16.02 | 3.26 | 6.78 | 5.24 | 2.59 | 0.63 |
| 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: | -37% |
| 5 Years: | -53% |
| 3 Years: | -60% |
| TTM: | 1567% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 2% |
| 3 Years: | 38% |
| TTM: | 588% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 5% |
| 3 Years: | 13% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 3% |
| 3 Years: | 4% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 92.00 | 99.36 | 108.60 | 118.41 | 126.56 | 119.73 | 129.60 | 131.64 | 135.81 | 138.98 | 140.70 | 141.10 |
| 5.97 | 6.75 | 8.53 | 3.43 | 6.47 | 7.15 | 0.65 | 3.71 | 23.10 | 14.91 | 15.90 | 4.38 | |
| 118.10 | 140.04 | 96.03 | 340.59 | 125.66 | 31.94 | 134.12 | 53.85 | 98.08 | 3.17 | 3.26 | 3.79 | |
| Total Liabilities | 222.24 | 252.32 | 219.33 | 468.60 | 264.86 | 164.99 | 270.54 | 195.37 | 263.16 | 163.23 | 166.03 | 155.44 |
| 17.35 | 15.15 | 8.53 | 8.61 | 8.95 | 10.96 | 12.47 | 12.14 | 11.29 | 11.70 | 10.59 | 9.27 | |
| CWIP | 0.00 | 0.00 | 0.11 | 0.09 | 0.70 | 1.55 | 1.75 | 2.08 | 2.08 | 0.00 | 0.00 | 0.00 |
| Investments | 30.89 | 76.99 | 69.47 | 107.08 | 130.78 | 121.94 | 114.26 | 116.59 | 123.80 | 133.55 | 137.64 | 140.54 |
| 174.00 | 160.18 | 141.22 | 352.82 | 124.43 | 30.54 | 142.06 | 64.56 | 125.99 | 17.98 | 17.80 | 5.63 | |
| Total Assets | 222.24 | 252.32 | 219.33 | 468.60 | 264.86 | 164.99 | 270.54 | 195.37 | 263.16 | 163.23 | 166.03 | 155.44 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 112.05 | 49.74 | -46.74 | 1.85 | -42.39 | -13.94 | 33.84 | -2.73 | -48.38 | 0.16 | -1.56 | ||
| -13.35 | -47.20 | 52.19 | 51.30 | -3.81 | 14.40 | 16.30 | 0.09 | 0.70 | 0.64 | 3.22 | ||
| -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 | 2.00 | -3.85 | -0.65 | 44.15 | -46.98 | -0.85 | 48.91 | -1.17 | -40.00 | -9.29 | -2.88 | |
| Free Cash Flow | 116.19 | 49.78 | -42.25 | 1.34 | -43.85 | -17.36 | 31.44 | -3.60 | -48.34 | 0.92 | -1.56 | |
| CFO/OP | -916% | -679% | 413% | -38% | 418% | 86% | 1,352% | 27% | -6,652% | -57% | 46% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60.70 | 34.68 | 29.81 | 0.40 | 0.09 | 2.57 | 4.06 | 0.89 | 4.73 | 0.00 | 0.00 | 0.00 |
| Inventory Days | 17.33 | 3.80 | 24.28 | 661.74 | 92.66 | 32.58 | 206.00 | 16.72 | 624.05 | 4.37 | 408.98 | |
| Days Payable | 180.28 | 142.16 | 117.94 | 755.25 | 82.72 | 67.85 | 289.75 | 112.01 | 687.41 | 0.00 | 0.00 | |
| Cash Conversion Cycle | -102.24 | -103.69 | -63.85 | -93.10 | 10.02 | -32.70 | -79.69 | -94.40 | -58.64 | 4.37 | 0.00 | 408.98 |
| Working Capital Days | 83.15 | 20.41 | 57.30 | -83.97 | -8.21 | -27.09 | -85.36 | -99.87 | -120.14 | -32.27 | -25,376.19 | -314.94 |
| ROCE % | 8.05% | 11.10% | 16.21% | 9.48% | 6.11% | -3.80% | 12.80% | 4.24% | 5.13% | 3.92% | 3.20% | 11.79% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory of Uncut Ships (Value) Rs. Lakhs |
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| Ship Recycling Volume (LDT/MT) Metric Tonnes / LDT |
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| Investment in Partnerships (Real Estate) Rs. Crores |
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| Steel Trading Volume Metric Tonnes |
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| Total Employment Number |
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| Number of Ships Recycled Units |
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Documents
Announcements
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Financial Results For Quarter And Year Ended 31St March 2026.
29 May - Board approved FY26 audited standalone and consolidated results, reappointing cost and internal auditors on May 29, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
29 May - Board reappointed Kewlani & Associates as cost auditor and Mr. Amol Shah as internal auditor for FY 2026-27.
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Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Hariyana Ship- Breakers Limited (The Company) Held On May 29 2026
29 May - Board approved FY26 audited results and reappointed cost and internal auditors on May 29, 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Hariyana Ship-Breakers filed FY2026 secretarial compliance report; no additional non-compliances or SEBI actions noted.
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Board Meeting Intimation for Consideration And Approval Of The Audited Standalone & Consolidated Financial Results Of The Company For The Quarter And Year Ended March 31, 2026 Along With The Auditors Report Thereon.
14 May - Board meeting on May 29, 2026 to approve audited standalone and consolidated FY2026 results.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2][3][4]
a) HSBL is engaged in ship breaking
at Alang-Sosiya, Gujarat; operating on
a 4,185 sq. m plot leased from Gujarat
Maritime Board.
b) Ship breaking, also known as ship
demolition, ship recycling, or ship cracking, involves dismantling retired vessels to extract
valuable scrap metal and break down their massive structures.
c) The company also trades in ferrous and
non-ferrous metals, steel, coils, and holds
real estate investments.
d) It also undertakes inter-corporate lending activities, and develops residential real estate projects.
e) Any surplus fund is given on interest to
other parties and also invested in the shares
and securities to earn short term and long-
term capital gains