Past 10 year's financial track record analysis by Moneyworks4me indicates that Haryana Leather Chemicals Ltd is a average quality company.
The key valuation ratios of Haryana Leather Chemicals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Haryana Leather Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9% | 12.2% | 11.2% | 8% | 7.4% | 9.2% | 6.7% | 5.5% | 7.1% | 14.4% | - |
| Value Creation Index ⓘ | -0.4 | -0.1 | -0.2 | -0.4 | -0.5 | -0.3 | -0.5 | -0.6 | -0.5 | 0.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 42.4 | 39.7 | 39.1 | 35.6 | 36.9 | 35 | 27.8 | 38.9 | 42.5 | 44.4 | 47 |
| Sales YoY Gr. | - | -6.3% | -1.7% | -8.9% | 3.7% | -5% | -20.5% | 39.7% | 9.3% | 4.6% | - |
| Adj EPS ⓘ | 2.7 | 3.8 | 3.9 | 3.4 | 2.7 | 4.1 | 3.1 | 2.6 | 3.7 | 6.5 | 8.5 |
| YoY Gr. | - | 39.6% | 1.3% | -11.1% | -21% | 50.9% | -24.9% | -16% | 43% | 75.1% | - |
| BVPS (₹) ⓘ | 48.8 | 53 | 57.5 | 60.1 | 62.2 | 65.5 | 68.8 | 71.5 | 75.4 | 83.8 | 87.2 |
| Adj Net Profit ⓘ | 1.3 | 1.9 | 1.9 | 1.7 | 1.3 | 2 | 1.5 | 1.3 | 1.8 | 3.2 | 4 |
| Cash Flow from Ops. ⓘ | 1.1 | 4.9 | 3.8 | 1.3 | 1.3 | 3.9 | -6.8 | 10.4 | -1.9 | 7.9 | - |
| Debt/CF from Ops. ⓘ | 1.3 | 0.1 | 0 | 0 | 0.6 | 0 | 0 | 0 | -0.3 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.5% | 3.8% | 16.9% | 4.6% | ||||
| Adj EPS ⓘ | 10% | 19% | 28.1% | 75.1% | ||||
| BVPSⓘ | 6.2% | 6.1% | 6.8% | 11.2% | ||||
| Share Price | 14% | 32% | 39.6% | 49.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.6 | 7.5 | 7 | 5.8 | 4.4 | 6.4 | 4.6 | 3.7 | 5 | 8.1 | 10 |
| Op. Profit Mgn % ⓘ | 7.8 | 9 | 7.9 | 6 | 4.4 | 6.3 | 6.4 | 3.2 | 5.2 | 7 | 11.2 |
| Net Profit Mgn % ⓘ | 3.2 | 4.7 | 4.9 | 4.7 | 3.6 | 5.7 | 5.4 | 3.3 | 4.3 | 7.1 | 8.9 |
| Debt to Equity ⓘ | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 140 | 135 | 120 | 152 | 153 | 154 | 237 | 176 | 180 | 209 | 88 |
| Cash Conv. Cycle ⓘ | 44 | 51 | 45 | 54 | 59 | 58 | 76 | 71 | 75 | 70 | 65 |
Return on Equity has increased versus last 3 years average to 10.00%
Sales growth is growing at healthy rate in last 3 years 16.85%
Net Profit is growing at healthy rate in last 3 years 28.14%
Sales growth is not so good in last 4 quarters at 8.79%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.5 | - |
| TTM Sales (₹ Cr.) | 47.2 | - |
| BVPS (₹.) ⓘ | 87.2 | - |
| Reserves (₹ Cr.) ⓘ | 37 | - |
| P/BV ⓘ | 1.04 | - |
| PE ⓘ | 10.63 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 56.81 / 124.00 |
| All Time Low / High (₹) | 1.00 / 124.00 |
| Market Cap (₹ Cr.) | 44.4 |
| Equity (₹ Cr.) | 4.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 42.38 | 39.72 | 39.05 | 35.57 | 36.87 | 35.03 | 27.84 | 38.88 | 42.48 | 44.42 |
| Operating Expenses ⓘ | 39.07 | 36.16 | 35.99 | 33.45 | 35.23 | 32.84 | 26.07 | 37.65 | 40.29 | 41.41 |
| Manufacturing Costs | 1.91 | 2.06 | 2.37 | 2.01 | 1.74 | 1.54 | 1.41 | 1.55 | 1.79 | 1.71 |
| Material Costs | 29.41 | 26.45 | 25.27 | 24.43 | 26.04 | 22.83 | 18.08 | 29.71 | 30.63 | 30.15 |
| Employee Cost | 2.55 | 2.74 | 2.99 | 3.40 | 3.61 | 3.62 | 3.11 | 3.36 | 3.80 | 4.50 |
| Other Costs ⓘ | 5.20 | 4.90 | 5.36 | 3.61 | 3.84 | 4.84 | 3.48 | 3.03 | 4.07 | 5.05 |
| Operating Profit ⓘ | 3.31 | 3.56 | 3.07 | 2.12 | 1.63 | 2.19 | 1.77 | 1.23 | 2.19 | 3.01 |
| Operating Profit Margin (%) | 7.8% | 9.0% | 7.9% | 6.0% | 4.4% | 6.3% | 6.4% | 3.2% | 5.1% | 6.8% |
| Other Income ⓘ | 0.33 | 0.73 | 1.04 | 1.08 | 1.32 | 1.44 | 1.20 | 1.42 | 1.17 | 3.55 |
| Interest ⓘ | 0.26 | 0.20 | 0.08 | 0.12 | 0.11 | 0.09 | 0.04 | 0.05 | 0.05 | 0.06 |
| Depreciation ⓘ | 1.34 | 1.13 | 1.05 | 0.87 | 0.71 | 0.71 | 0.76 | 0.77 | 0.78 | 0.87 |
| Exceptional Items ⓘ | -0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 2.02 | 2.96 | 2.98 | 2.21 | 2.14 | 2.83 | 2.17 | 1.84 | 2.53 | 5.64 |
| Tax ⓘ | 0.66 | 0.93 | 1.02 | 0.48 | 0.60 | 0.73 | 0.57 | 0.52 | 0.67 | 1.03 |
| Profit After Tax | 1.36 | 2.03 | 1.96 | 1.73 | 1.54 | 2.09 | 1.60 | 1.31 | 1.86 | 4.62 |
| PAT Margin (%) | 3.2% | 5.1% | 5.0% | 4.9% | 4.2% | 6.0% | 5.7% | 3.4% | 4.4% | 10.4% |
| Adjusted EPS (₹) | 2.8 | 4.1 | 4.0 | 3.5 | 3.1 | 4.3 | 3.3 | 2.7 | 3.8 | 9.4 |
| Dividend Payout Ratio (%) | 25% | 19% | 20% | 23% | 26% | 0% | 0% | 0% | 26% | 11% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 23.97 | 26 | 28.22 | 29.47 | 30.54 | 32.16 | 33.76 | 35.07 | 36.99 | 41.11 |
| Share Capital ⓘ | 4.91 | 4.91 | 4.91 | 4.91 | 4.91 | 4.91 | 4.91 | 4.91 | 4.91 | 4.91 |
| Reserves ⓘ | 19.06 | 21.09 | 23.31 | 24.56 | 25.63 | 27.25 | 28.85 | 30.16 | 32.08 | 36.21 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1.50 | 0.23 | 0.16 | 0.05 | 0.70 | 0.06 | 0.01 | 0 | 0.61 | 0.28 |
| Long Term Debt | 0.22 | 0 | 0 | 0 | 0.02 | 0.01 | 0 | 0 | 0 | 0 |
| Short Term Debt | 1.28 | 0.23 | 0.16 | 0.05 | 0.68 | 0.05 | 0.01 | 0 | 0.61 | 0.28 |
| Trade Payables | 6.98 | 4.62 | 6.40 | 7.27 | 5.14 | 6.47 | 2.78 | 5.37 | 3.21 | 4.25 |
| Others Liabilities ⓘ | 3.02 | 3.13 | 2.45 | 1.96 | 2.35 | 2.44 | 2.43 | 2.73 | 2.07 | 2.57 |
| Total Liabilities ⓘ | 35.47 | 33.99 | 37.23 | 38.75 | 38.73 | 41.13 | 38.97 | 43.17 | 42.87 | 48.21 |
Fixed Assets | ||||||||||
| Gross Block | 28.94 | 29.25 | 29.90 | 30.73 | 31.25 | 31.88 | 32.90 | 33.21 | 34.13 | 33.93 |
| Accumulated Depreciation | 13.24 | 14.37 | 15.42 | 16.20 | 16.73 | 17.37 | 17.57 | 18.34 | 19.11 | 19.65 |
| Net Fixed Assetsⓘ | 15.70 | 14.87 | 14.48 | 14.53 | 14.52 | 14.51 | 15.34 | 14.87 | 15.01 | 14.28 |
| CWIP ⓘ | 0.03 | 0.09 | 0.22 | 0.01 | 0 | 0 | 0 | 0 | 0.12 | 0.19 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 5.43 | 3.75 | 3.54 | 4.26 | 2.88 | 3.17 | 1.87 | 3.70 | 3.19 | 3.31 |
| Trade Receivables | 9.77 | 7.91 | 8.77 | 9.53 | 9.11 | 9.23 | 7.98 | 10.07 | 9.88 | 9.35 |
| Cash Equivalents | 1.21 | 5.37 | 8.25 | 8.17 | 9.40 | 11.92 | 2.23 | 12.19 | 1.92 | 8.77 |
| Others Assetsⓘ | 3.33 | 1.99 | 1.98 | 2.25 | 2.81 | 2.30 | 11.56 | 2.33 | 12.75 | 12.31 |
| Total Assets ⓘ | 35.47 | 33.99 | 37.23 | 38.75 | 38.73 | 41.13 | 38.97 | 43.17 | 42.87 | 48.21 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1.14 | 4.86 | 3.76 | 1.27 | 1.26 | 3.89 | -6.82 | 10.36 | -1.93 | 7.92 |
| PBT ⓘ | 2.02 | 2.96 | 2.98 | 2.21 | 2.14 | 2.83 | 2.17 | 1.84 | 2.53 | 5.64 |
| Adjustment ⓘ | 1.55 | 1.26 | 0.60 | 0.93 | 0.23 | 0.27 | 0.76 | 0.80 | 0.81 | 0.89 |
| Changes in Working Capital ⓘ | -1.35 | 1.53 | 1.11 | -1.37 | -0.59 | 1.42 | -9.29 | 8.18 | -4.65 | 2.27 |
| Tax Paid ⓘ | -0.67 | -0.90 | -0.93 | -0.50 | -0.52 | -0.62 | -0.46 | -0.45 | -0.61 | -0.89 |
| Cash Flow From Investing Activity ⓘ | -0.53 | -0.36 | -0.78 | -0.73 | -0.63 | -0.68 | -1.57 | -0.31 | -0.98 | -0.70 |
| Capex | -0.53 | -0.36 | -0.78 | -0.71 | -0.63 | -0.68 | -1.57 | -0.31 | -1.03 | -0.20 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -0.01 | 0 | 0 | 0 | 0 | 0.05 | -0.49 |
| Cash Flow From Financing Activityⓘ | -0.89 | -0.33 | -0.10 | -0.63 | 0.60 | -0.70 | -0.07 | -0.04 | 0.58 | -0.35 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.33 | -0.36 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.21 | -0.13 | -0.03 | -0.05 | -0.05 | -0.05 | -0.02 | -0.03 | -0.03 | -0.03 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -0.47 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.35 | 0.16 | -0.07 | -0.11 | 0.65 | -0.65 | -0.05 | -0.01 | 0.61 | -0.33 |
| Net Cash Flow ⓘ | -0.28 | 4.16 | 2.88 | -0.08 | 1.23 | 2.52 | -8.46 | 10.02 | -2.33 | 6.87 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.71 | 8.13 | 7.24 | 5.99 | 5.13 | 6.68 | 4.85 | 3.82 | 5.17 | 11.83 |
| ROCE (%) | 9.01 | 12.22 | 11.22 | 8.04 | 7.4 | 9.2 | 6.7 | 5.47 | 7.11 | 14.43 |
| Asset Turnover Ratio | 1.31 | 1.25 | 1.19 | 0.96 | 0.95 | 0.88 | 0.7 | 0.95 | 0.99 | 0.98 |
| PAT to CFO Conversion(x) | 0.84 | 2.39 | 1.92 | 0.73 | 0.82 | 1.86 | -4.26 | 7.91 | -1.04 | 1.71 | Working Capital Days |
| Receivable Days | 80 | 74 | 72 | 92 | 92 | 96 | 113 | 85 | 86 | 79 |
| Inventory Days | 36 | 39 | 31 | 39 | 35 | 32 | 33 | 26 | 30 | 27 |
| Payable Days | 92 | 80 | 80 | 102 | 87 | 93 | 93 | 50 | 51 | 45 |
Haryana Leather Chemicals is a joint venture with ICAP-SIRA Italy, having technical alliance with Vismon, Spain. The company specializes in the field of leather and shoe chemical manufacturing. Its range of products includes syntans, fatliquors, finishing chemicals, shoe finishes and shoe adhesives.
It has an integrated chemical research and manufacturing facility for a comprehensive range of specialty chemicals and coatings for leather, textile and footwear; and a wide range of adhesives.
The outsourcing opportunities offered by Haryana to the leading Industrial chemicals specialists set a new world standard in production economies & quality, cut costs, reduce development time, speed up deliveries and maximize profits.
In the rapidly changing global markets, ecological and economic constraints are creating new challenges for large and multinational chemical producers. Haryana enables their outsourcing partners to meet with such situations by ’toll manufacturing’; using latest quality control technologies, higher production efficiencies and yet respects the environmental and safety responsibilities.
Haryana’s standard of quality and service is recognized worldwide. Intensive research on product development and application, an emphasis on environmental responsibility and safety, backed by the ISO 9001-2000 quality system has enabled users worldwide to achieve a high value addition to their products.
Haryana can be off-shore partner for highly economical research, development, pilot production, toll manufacturing of industrial coatings: Acrylics & Polyurethane dispersions, Pigmented coatings, varnishes and lacquers, Acrylic PVC processing aids and spray dried products.
Companies is struggling with capacity or budgetary constrains, engaged in resins and polymers for surface coatings, adhesives, sealants will find Haryana as an ideal offshore partner to get their formulations developed or toll manufactured.
Product range of the company includes:
Leather Chemicals
Footwear Finishes
Textile BindersAcrylics
Adhesives
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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