Harita Seating Systems Ltd - Stock Valuation and Financial Performance

BSE: 590043 | NSE: HARITASEAT | Auto Ancillary | Small Cap

Harita Seating Sys Share Price

766.90 0.00 0.00%
as on 09-Apr'21 18:01

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Harita Seating Systems stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
595.8 Cr.
52-wk low:
749.7
52-wk high:
790

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Harita Seating Systems Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Harita Seating Sys:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
ROCE % 2.3%29%21.7%11.9%14.2%37.9%36.6%34.8%21.3%3.1%-
Value Creation
Index
-0.81.10.6-0.20.01.71.61.50.5-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 241307276250274308347471525369284
Sales YoY Gr.-27.4%-9.9%-9.4%9.5%12.4%12.6%36%11.4%-29.7%-
Adj EPS -7.412.913.15.69.528.530.739.728.33-2.2
YoY Gr.-NA1.8%-57.2%68.9%200%8%29.2%-28.7%-89.5%-
BVPS (₹) 30.14151.856.362.388.6115.2148.9172.4174.6169.8
Adj Net
Profit
-5.71010.24.47.422.123.930.9222.3-2
Cash Flow from Ops. 16.3-18.620.814-1.225.37.513.746.720.9-
Debt/CF from Ops. 2.2-2.82.33.8-30.60.21.51.20.71-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.9%6.1%2.1%-29.7%
Adj EPS NA-20.7%-54.1%-89.5%
BVPS21.6%22.9%14.9%1.3%
Share Price 15.8% 11.9% - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20TTM
Return on
Equity %
-2236.328.310.41637.730.230.117.61.7-1.3
Op. Profit
Mgn %
1.877.54.946.67.685.33.43.2
Net Profit
Mgn %
-2.43.33.71.82.77.26.96.64.20.6-0.6
Debt to
Equity
1.51.71.21.20.70.10.10.20.20.2-
Working Cap
Days
1097990104103929010110713073
Cash Conv.
Cycle
-14-3281310132119192

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Harita Seating Systems Ltd.

Standalone Consolidated
TTM EPS (₹) -2.2 17.8
TTM Sales (₹ Cr.) 284 774
BVPS (₹.) 169.8 272.7
Reserves (₹ Cr.) 124 204
P/BV 4.52 2.81
PE 0.00 43.17
From the Market
52 Week Low / High (₹) 749.65 / 790.00
All Time Low / High (₹) 38.70 / 1107.80
Market Cap (₹ Cr.) 596
Equity (₹ Cr.) 7.8
Face Value (₹) 10
Industry PE 51.2

Management X-Ray of Harita Seating Sys:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Harita Seating Sys

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Sales240.78306.64276.17250.13273.76307.81346.57471.17524.89368.81
Operating Expenses 236.40285.26255.47237.96263.27287.70320.11433.81497.20356.41
Manufacturing Costs5.097.167.607.587.318.0314.6316.5223.9020.62
Material Costs190.98232.81202.68185.02207.04220.36246.22348.19400.37270.12
Employee Cost 19.2522.6625.6527.9329.9835.7737.3143.5448.6246.31
Other Costs 21.0922.6219.5517.4318.9423.5421.9425.5624.3219.36
Operating Profit 4.3821.3820.6912.1710.4920.1126.4637.3627.6812.40
Operating Profit Margin (%) 1.8%7.0%7.5%4.9%3.8%6.5%7.6%7.9%5.3%3.4%
Other Income 1.572.262.263.426.449.7510.6210.4413.435.82
Interest 7.476.645.595.064.711.490.911.432.673.86
Depreciation 4.324.344.224.634.084.395.157.199.3913.27
Exceptional Items 01.520004.470000
Profit Before Tax -5.8414.1813.145.898.1428.4631.0139.1829.051.10
Tax -0.742.962.471.241.053.146.478.387.03-1.15
Profit After Tax -5.1011.2210.674.667.0925.3224.5430.8022.022.25
PAT Margin (%) -2.1%3.7%3.9%1.9%2.6%8.2%7.1%6.5%4.2%0.6%
Adjusted EPS (₹)-6.614.413.76.09.132.631.639.628.32.9
Dividend Payout Ratio (%)0%24%18%25%27%18%16%15%21%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20

Equity and Liabilities

Shareholders Fund 23.3931.8440.2843.7748.3968.8689.49115.69133.94135.66
Share Capital 7.777.777.777.777.777.777.777.777.777.77
Reserves 15.6224.0732.513640.6261.0981.72107.92126.17127.89
Minority Interest0000000000
Debt16.3232.7227.3722.6629.061.7211.3116.8931.6820.81
Long Term Debt1.1212.786.450.85000000
Short Term Debt15.2019.9420.9221.8129.061.7211.3116.8931.6820.81
Trade Payables52.9143.1342.7840.1344.1745.1257.5694.67103.2178.06
Others Liabilities 58.7037.4236.4745.2136.5831.5020.0320.0316.3114.73
Total Liabilities 151.32145.11146.89151.77158.20147.20178.38247.29285.14249.25

Fixed Assets

Gross Block77.2670.6074.9980.8278.2567.9350.7768.72115.37139.68
Accumulated Depreciation32.9734.8438.5640.3839.2633.655.1512.3521.1333.81
Net Fixed Assets44.2935.7636.4340.4438.9934.2845.6256.3794.24105.87
CWIP 2.240.024.580.281.330.420.011.3914.060
Investments 29.5229.4529.4528.5728.5728.5728.2028.1728.1728.25
Inventories8.407.607.527.019.3810.1114.2116.9022.5122.77
Trade Receivables51.0547.7546.9150.2353.7155.7371.40124.20105.0675.98
Cash Equivalents 3.515.011.9911.721.531.170.571.010.66
Others Assets12.3119.5120.0124.2424.5016.5717.7719.6820.1015.73
Total Assets 151.32145.11146.89151.77158.20147.20178.38247.29285.14249.25

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Cash Flow From Operating Activity 16.26-18.5820.8314.03-1.1725.307.5113.7446.7120.86
PBT -5.8414.1813.145.898.1428.4631.0139.1829.051.10
Adjustment 11.769.089.728.854.20-1.28-0.173.227.2315.72
Changes in Working Capital 10.77-38.692.853.68-12.431.37-15.63-21.715.63.25
Tax Paid -0.43-3.14-4.87-4.39-1.07-3.25-7.69-6.96-5.170.80
Cash Flow From Investing Activity -3.777.29-8.34-2.364.907.66-9.83-14.14-54.62-6.06
Capex -3.797.25-9.48-4.790.650.72-15.11-19.41-59.93-6.21
Net Investments 0001.33000000
Others 0.020.041.151.104.256.945.285.275.320.15
Cash Flow From Financing Activity -13.0312.80-15.52-12.67-3-33.151.95-0.198.34-15.15
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -18.9411.67-6.33-5.60-0.8500000
Interest Paid -7.39-6.62-5.58-5.09-4.80-1.49-0.44-1.11-1.78-3.08
Dividend Paid -0.02-0.01-2.96-2.09-1.17-6.78-3.88-4.66-4.660
Others 13.327.77-0.650.113.81-24.886.285.5814.79-12.07
Net Cash Flow -0.531.51-3.02-10.73-0.20-0.36-0.590.44-0.35
PARTICULARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Ratios
ROE (%)-19.6640.6329.5911.0815.3943.183130.0217.641.67
ROCE (%)2.3129.0321.7411.8714.2137.9336.5534.821.283.08
Asset Turnover Ratio1.652.292.071.831.932.22.322.251.971.38
PAT to CFO Conversion(x)N/A-1.661.953.01-0.1710.310.452.129.27
Working Capital Days
Receivable Days75535765636062758090
Inventory Days129910101112121422
Payable Days1207577827474768090122

Harita Seating Systems Ltd Stock News

Harita Seating Systems Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Harita Seating Sys on 09-Apr-2021 18:01 is ₹766.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Apr-2021 18:01 the market cap of Harita Seating Sys stood at ₹595.8.
The latest P/E ratio of Harita Seating Sys as of 09-Apr-2021 18:01 is 0.00.
The latest P/B ratio of Harita Seating Sys as of 09-Apr-2021 18:01 is 4.52.
The 52-week high of Harita Seating Sys is ₹790.0 and the 52-week low is ₹749.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Harita Seating Sys is ₹284.1 ( Cr.) .

About Harita Seating Systems Ltd

Harita Seating Systems Ltd. was incorporated as Harita Grammer Ltd through a joint venture with Grammer AG of Germany and promoted by Harita group and Grammer group in 1986 and started commercial production in 1989.

Harita Seating Systems specializes in manufacture & supply of safe, comfortable, durable seats for various types of vehicles. They provide seating solutions to the commercial vehicles, buses/coaches, agriculture tractors, construction machinery, two wheelers, three wheelers, cars, multi-utility vehicles etc. Their leadership in Indian market comes from years of experience in design, development and manufacture of these products. On the basis of vast experience together with state of the art technology and manufacturing techniques, Harita Seating Systems has also developed public seating for auditoriums and theatres. Harita Seating Systems has three manufacturing locations in India. The headquarter is located at Hosur (near Bangalore). It has established manufacturing facility at Ranjangaon (near Pune) to cater to the needs of customers in Western India. Another major unit is at Nalagarh (Himachal Pradesh) for its business improvement in northern area.

Products range of the company includes:

The company is engaged in manufacturing of seats for various types of vehicles:

  • Commercial Vehicles Driver & assistant seat for commercial vehicles - Tata Motors & Ashok Leyland
  • Tractor seats - Driver seats for agriculture tractors, construction machines & forklifts - Mahindra & Mahindra, Tafe, John Deere, New Holland, TMTL, Escorts, Caterpillar, BEML, Telcon, L & T Komatsu, Voltas
  • Construction Machinery
  • Two Wheelers- TVS Motor Company
  • Bus Passenger Seats State Transports Undertakings : KSRTC, APSRTC, MSRTC, UPSRTC, BSRTC, KLSRTC, RSRTC, UTC, OSRTC etc.  OEMs : Volvo, Tata Motors, Ashok Leyland & Eicher 
  • Auditorium
  • Cars & MUVs
  • LFI 
  • MCU 
  • Railways - ICF, RCF, DLW

Milestones:

  • 1986 - Harita Grammer Ltd incorporated as a Joint Venture with Grammer AG of Germany
  • 1989 - Commenced commercial production during 1988, first to launch foam-in-place technology in India
  • 1990 - First to launch tractor seats in India with foam-in-place technology, static driver seats for commercial vehicles launched
  • 1991 - Suspended driver seats for off-road & commercial vehicles launched, car seats & MUV seats launched during 1991 (Tata Estate, Tata Sierra and Tatamobile)
  • 1992 - First to launch deluxe bus passenger seats in India
  • 1994  - Launched Multi Utility Vehicle seats
  • 1995 - Commenced production from second plant in Ranjangaon near Pune
  • 1996  -Adopted cellular manufacturing techniques to improve productivity
  • 1997 - Roloforms Polymer merged operations with Harita Grammer Ltd, launched range of driver seats suitable to semi-arid climate conditions
  • 1998 - Opened R&D center
  • 1999 - Launched new platform for deluxe bus seats, launched millennium series of deluxe bus passenger seats with new features
  • 2000 - Launched 2X1 series of bus seats, QS9000 certification
  • 2001 - Commenced direct exports (Direct exports - Decathlon started during 2002), ISO 14001 certification
  • 2002 - Renamed as Harita Seating Systems Limited after terminating JV with Grammer AG, Entered Railways segment for luxury passenger  & driver seats
  • 2003 - Launched “Innova”  plastic seats for city buses for first time in India
  • 2004 - Launched new generation of suspension platform for driver seats, ISO/TS16949 certification
  • 2005 - Crossed annual turnover of Rs 1 billion, launched new platform for deluxe bus passenger seats, launched “Elite” series of bus seat with new features 

Achievements/ recognition:

  • 2005 Water management excellent water efficient unit
  • 2005 Energy management Energy conservation award
  • 2005 Occupational Health and Safety OHSAS 18000
  • 2004 Energy management Energy conservation award
  • 2003 Manufacturing System ACMA manufacturing excellence
  • 2003 Quality management system ISO/TS 16949
  • 2001 Quality management ACMA Quality Award
  • 2001 Environmental Management ISO 140001
  • 2000 Management System EFQM-CII EXIM
  • 1999 Quality management system QS 9000
  • 1999 Manufacturing System ACMA - Productivity Award
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