Hariyana Ship Breakers Ltd
₹ 98.2
-3.49%
11 Sep
1:45 p.m.
About
Incorporated in 1981, Hariyana Ship Breakers
Ltd is in the business of ship breaking, trading and investment activities[1]
Key Points
- Market Cap ₹ 60.6 Cr.
- Current Price ₹ 98.2
- High / Low ₹ 130 / 82.2
- Stock P/E 3.52
- 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.8.73 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 231.37 | 365.36 | 275.36 | 156.13 | 377.30 | 126.51 | 148.21 | 168.49 | 54.05 | 148.62 | 0.21 | 3.50 | 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 | 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 | 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% | 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 | 8.73 | |
| 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 | 1.96 |
| 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 | 0.99 |
| 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 | 6.83 |
| 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 | 4.12 | |
| 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 | 6.68 |
| 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: | 740% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -4% |
| 3 Years: | 6% |
| 1 Year: | -16% |
| 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 | -1.53 | |
| -13.35 | -47.20 | 52.19 | 51.30 | -3.81 | 14.40 | 16.30 | 0.09 | 0.70 | 0.64 | 3.22 | 15.47 | |
| -96.70 | -6.40 | -6.10 | -9.00 | -0.78 | -1.31 | -1.23 | 1.47 | 7.68 | -10.09 | -4.55 | -2.03 | |
| 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 | 11.91 |
| 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 | -1.31 |
| CFO/OP | -916% | -679% | 413% | -38% | 418% | 86% | 1,352% | 27% | -6,652% | -57% | 46% | 45% |
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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Bhavnagar ship-breaking segment revenue Rs. Lakhs |
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| Mumbai trading & investment segment revenue Rs. Lakhs |
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| Permanent employees Number |
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| Ship purchase for recycling Rs. Lakhs |
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| Plot area at Alang Square meters |
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Documents
Announcements
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ("SEBI Listing Regulations").
- 45th AGM on Sept. 30, 2026; annual report FY2025-26 link shared, with KYC update reminder.
-
Intimation Of Cut-Off Date And Remote E-Voting For The Purpose Of 45Th Annual General Meeting ('AGM')
- 45th AGM on September 30, 2026; remote e-voting from September 27-29, cut-off date September 23.
- Notice Of The 45Th Annual General Meeting ('AGM') Of Hariyana Ship-Breakers Limited
-
Reg. 34 (1) Annual Report.
- Submitted FY2025-26 annual report and notice for 45th AGM on September 30, 2026; e-voting September 27-29.
- Financial Result For The Quarter Ended June 30, 2026
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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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