Hariyana Ship Breakers Ltd

Hariyana Ship Breakers Ltd

₹ 85.2 -3.95%
28 Mar - close price
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

  • Market Cap 52.6 Cr.
  • Current Price 85.2
  • High / Low 146 / 55.0
  • Stock P/E 7.63
  • Book Value 234
  • Dividend Yield 0.00 %
  • ROCE 5.10 %
  • ROE 2.94 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.36 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 -20.2% over past five years.
  • Company has a low return on equity of 3.83% over last 3 years.
  • Contingent liabilities of Rs.182 Cr.
  • Earnings include an other income of Rs.12.9 Cr.
  • Company's cost of borrowing seems high

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
56.84 26.71 71.13 31.93 28.03 37.51 7.38 0.00 31.27 15.42 56.46 90.84 0.61
54.80 24.94 69.01 29.39 26.78 44.98 9.18 1.19 31.27 13.16 61.77 88.88 0.11
Operating Profit 2.04 1.77 2.12 2.54 1.25 -7.47 -1.80 -1.19 0.00 2.26 -5.31 1.96 0.50
OPM % 3.59% 6.63% 2.98% 7.95% 4.46% -19.91% -24.39% 0.00% 14.66% -9.40% 2.16% 81.97%
3.63 4.32 2.25 1.94 1.85 2.07 2.14 2.55 1.88 3.47 2.98 4.53 1.89
Interest 0.42 0.65 0.30 0.81 0.19 0.28 0.18 0.96 0.54 1.23 0.77 0.05 1.00
Depreciation 0.13 0.17 0.22 0.23 0.23 0.22 0.22 0.22 0.19 0.17 0.30 0.30 0.29
Profit before tax 5.12 5.27 3.85 3.44 2.68 -5.90 -0.06 0.18 1.15 4.33 -3.40 6.14 1.10
Tax % 36.13% 29.60% 32.47% 37.50% 49.63% 27.46% -250.00% -44.44% 69.57% 14.55% -2.06% 3.58% 33.64%
3.28 3.71 2.60 2.15 1.36 -4.27 -0.20 0.26 0.35 3.70 -3.47 5.92 0.74
EPS in Rs 5.34 6.02 4.22 3.49 2.21 -6.92 -0.32 0.42 0.57 6.00 -5.63 9.60 1.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
276 167 390 128 149 169 54 163
287 172 399 151 149 170 53 164
Operating Profit -11 -5 -9 -23 -0 -2 1 -1
OPM % -4% -3% -2% -18% -0% -1% 1% -0%
19 11 15 18 18 8 8 13
Interest 8 4 1 1 2 2 2 3
Depreciation 2 1 1 1 1 1 1 1
Profit before tax -2 2 5 -7 15 4 6 8
Tax % 29% 26% 33% -3% 37% 55% 27%
9 10 8 -7 10 2 4 7
EPS in Rs 15.28 15.92 13.10 -11.74 15.57 2.98 6.66 11.17
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -20%
3 Years: -25%
TTM: 114%
Compounded Profit Growth
10 Years: %
5 Years: -13%
3 Years: 37%
TTM: 279%
Stock Price CAGR
10 Years: 8%
5 Years: 7%
3 Years: 19%
1 Year: 47%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 4%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6 6
Reserves 110 119 127 120 130 132 136 138
9 3 6 7 1 4 23 12
96 341 126 32 135 54 98 3
Total Liabilities 221 470 266 166 271 195 263 160
11 11 11 12 13 12 11 12
CWIP 0 0 1 2 2 2 2 0
Investments 68 105 129 121 114 116 124 128
142 354 126 31 142 65 126 19
Total Assets 221 470 266 166 271 195 263 160

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-47 12 -36 -21 31 -8 -48
53 41 -10 21 19 6 1
-6 -9 -1 -1 -1 1 8
Net Cash Flow -1 44 -47 -1 49 -1 -40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 30 0 0 3 4 1 5
Inventory Days 24 627 90 33 206 17 624
Days Payable 118 716 80 68 290 112 687
Cash Conversion Cycle -64 -88 10 -33 -80 -94 -59
Working Capital Days 59 -71 -1 -6 -86 -92 34
ROCE % 3% 2% -4% 13% 4% 5%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 25.05% 25.05% 25.05% 25.04% 25.04% 25.06% 25.05% 25.04% 25.04%
No. of Shareholders 2,3082,9813,9213,6753,7113,6613,6513,4993,4253,3263,5453,531

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