Hariyana Ship Breakers Ltd
₹ 135
-0.74%
06 Jun
- close price
About
Incorporated in 1981, Hariyana Ship Breakers Ltd is engaged in Ship Breaking business
Key Points
- Market Cap ₹ 83.1 Cr.
- Current Price ₹ 135
- High / Low ₹ 240 / 91.0
- Stock P/E 52.0
- Book Value ₹ 238
- Dividend Yield 0.00 %
- ROCE 3.21 %
- ROE 1.10 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.57 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 -72.0% over past five years.
- Company has a low return on equity of 2.07% over last 3 years.
- Contingent liabilities of Rs.182 Cr.
- Earnings include an other income of Rs.8.18 Cr.
- Working capital days have increased from 732 days to 2,157 days
* 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
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 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 275.86 | 166.99 | 390.32 | 128.02 | 148.54 | 168.60 | 54.05 | 148.62 | 0.22 | |
| 286.74 | 171.82 | 399.18 | 151.12 | 148.69 | 170.16 | 53.33 | 151.84 | 2.12 | |
| Operating Profit | -10.88 | -4.83 | -8.86 | -23.10 | -0.15 | -1.56 | 0.72 | -3.22 | -1.90 |
| OPM % | -3.94% | -2.89% | -2.27% | -18.04% | -0.10% | -0.93% | 1.33% | -2.17% | -863.64% |
| 18.71 | 10.93 | 15.14 | 18.10 | 17.74 | 8.11 | 7.91 | 10.82 | 8.18 | |
| Interest | 7.91 | 3.91 | 0.79 | 1.31 | 1.77 | 1.58 | 2.22 | 2.48 | 2.79 |
| Depreciation | 2.23 | 0.61 | 0.71 | 0.71 | 0.71 | 0.89 | 0.81 | 1.17 | 1.11 |
| Profit before tax | -2.31 | 1.58 | 4.78 | -7.02 | 15.11 | 4.08 | 5.60 | 3.95 | 2.38 |
| Tax % | -29.44% | 25.95% | 33.05% | 2.99% | 36.53% | 54.90% | 26.79% | 18.48% | 32.77% |
| 9.42 | 9.82 | 8.08 | -7.24 | 9.60 | 1.84 | 4.11 | 3.23 | 1.60 | |
| EPS in Rs | 15.28 | 15.92 | 13.10 | -11.74 | 15.57 | 2.98 | 6.66 | 5.24 | 2.59 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -72% |
| 3 Years: | -89% |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | -5% |
| TTM: | -50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 36% |
| 3 Years: | 20% |
| 1 Year: | 29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 2% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.17 | 6.17 | 6.17 | 6.17 | 6.17 | 6.17 | 6.17 | 6.17 | 6.17 |
| Reserves | 109.62 | 119.38 | 127.44 | 120.26 | 129.85 | 131.72 | 135.81 | 138.98 | 140.70 |
| 8.53 | 3.43 | 6.47 | 7.15 | 0.66 | 3.70 | 23.10 | 14.92 | 15.90 | |
| 96.44 | 341.05 | 126.15 | 32.23 | 134.65 | 53.87 | 97.91 | 2.99 | 3.09 | |
| Total Liabilities | 220.76 | 470.03 | 266.23 | 165.81 | 271.33 | 195.46 | 262.99 | 163.06 | 165.86 |
| 10.73 | 10.68 | 10.82 | 12.27 | 13.02 | 12.14 | 11.29 | 11.70 | 10.59 | |
| CWIP | 0.11 | 0.09 | 0.70 | 1.55 | 1.75 | 2.08 | 2.08 | 0.00 | 0.00 |
| Investments | 67.55 | 105.33 | 129.01 | 121.19 | 114.30 | 116.45 | 123.61 | 133.37 | 137.47 |
| 142.37 | 353.93 | 125.70 | 30.80 | 142.26 | 64.79 | 126.01 | 17.99 | 17.80 | |
| Total Assets | 220.76 | 470.03 | 266.23 | 165.81 | 271.33 | 195.46 | 262.99 | 163.06 | 165.86 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| -47.17 | 11.94 | -35.81 | -20.55 | 31.04 | -8.01 | -48.24 | 1.63 | -2.14 | |
| 52.87 | 41.12 | -10.35 | 20.96 | 19.10 | 5.52 | 0.67 | -0.83 | 3.80 | |
| -6.24 | -9.00 | -0.78 | -1.31 | -1.23 | 1.37 | 7.50 | -10.08 | -4.55 | |
| Net Cash Flow | -0.54 | 44.06 | -46.94 | -0.90 | 48.90 | -1.12 | -40.07 | -9.29 | -2.88 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29.77 | 0.37 | 0.08 | 2.68 | 4.05 | 1.19 | 4.73 | 0.00 | 0.00 |
| Inventory Days | 24.28 | 627.34 | 89.98 | 32.58 | 206.00 | 16.71 | 624.05 | 4.37 | |
| Days Payable | 117.94 | 715.97 | 80.33 | 67.87 | 289.75 | 111.93 | 687.41 | 0.00 | |
| Cash Conversion Cycle | -63.89 | -88.27 | 9.73 | -32.61 | -79.70 | -94.03 | -58.64 | 4.37 | 0.00 |
| Working Capital Days | 59.29 | -70.86 | -1.04 | -6.30 | -85.76 | -92.38 | 34.24 | 4.10 | 2,156.82 |
| ROCE % | 2.56% | 2.37% | -4.40% | 12.58% | 4.07% | 5.10% | 3.93% | 3.21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
30 May - Approved FY 2024-25 audited results; appointed secretarial, cost, and internal auditors for FY 2025-26.
- Audited Standalone & Consolidated Financial Results For The Quarter And Year Ended March 31, 2025 30 May
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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 30, 2025
30 May - Audited FY25 results approved; qualified audit due to Rs.1319L doubtful loans; new auditors appointed.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
20 May - Annual Secretarial Compliance Report for FY ended March 31, 2025; prior delay fined and rectified.
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Board Meeting Intimation for Consideration And Approval The Audited Standalone & Consolidated Financial Results Of The Company For The Quarter And Year Ended March 31, 2025 Along With The Auditors Report Thereon.
12 May - Board meeting on May 30, 2025, to approve audited financial results for FY and quarter ended March 31, 2025.
Annual reports
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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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Financial Year 2010
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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