Hariyana Ship Breakers Ltd
Incorporated in 1981, Hariyana Ship Breakers Ltd is engaged in Ship Breaking business
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
- Closure of Trading Window 2h
- Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2023. 12 Feb
- Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Hariyana Ship-Breakers Limited ('The Company') Held On February 12, 2024 12 Feb
- Board Meeting Intimation for Intimation Of The Meeting Of Board Of Hariyana Ship- Breakers Limited ('The Company') To Be Held On February 12, 2024 1 Feb
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Jan - Certificate dated January 04, 2024 issued by Registrar and Share Transfer Agent, M/s. Link Intime India Private Limited confirms compliance under Regulation 74(5) of the …
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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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