Hariyana Ship Breakers Ltd
Incorporated in 1981, Hariyana Ship Breakers Ltd is engaged in Ship Breaking business
- Market Cap ₹ 112 Cr.
- Current Price ₹ 181
- High / Low ₹ 240 / 75.0
- Stock P/E 34.6
- Book Value ₹ 235
- Dividend Yield 0.00 %
- ROCE 3.96 %
- ROE 2.25 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.77 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 -17.6% over past five years.
- Company has a low return on equity of 2.18% over last 3 years.
- Contingent liabilities of Rs.182 Cr.
- Earnings include an other income of Rs.10.8 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.
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
276 | 167 | 390 | 128 | 149 | 169 | 54 | 149 | |
287 | 172 | 399 | 151 | 149 | 170 | 53 | 152 | |
Operating Profit | -11 | -5 | -9 | -23 | -0 | -2 | 1 | -3 |
OPM % | -4% | -3% | -2% | -18% | -0% | -1% | 1% | -2% |
19 | 11 | 15 | 18 | 18 | 8 | 8 | 11 | |
Interest | 8 | 4 | 1 | 1 | 2 | 2 | 2 | 2 |
Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Profit before tax | -2 | 2 | 5 | -7 | 15 | 4 | 6 | 4 |
Tax % | -29% | 26% | 33% | 3% | 37% | 55% | 27% | 18% |
9 | 10 | 8 | -7 | 10 | 2 | 4 | 3 | |
EPS in Rs | 15.28 | 15.92 | 13.10 | -11.74 | 15.57 | 2.98 | 6.66 | 5.24 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -18% |
3 Years: | 0% |
TTM: | 175% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -13% |
3 Years: | -31% |
TTM: | -21% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 27% |
3 Years: | 20% |
1 Year: | 88% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 2% |
Last Year: | 2% |
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 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 110 | 119 | 127 | 120 | 130 | 132 | 136 | 139 |
9 | 3 | 6 | 7 | 1 | 4 | 23 | 15 | |
96 | 341 | 126 | 32 | 135 | 54 | 98 | 3 | |
Total Liabilities | 221 | 470 | 266 | 166 | 271 | 195 | 263 | 163 |
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 | 133 |
142 | 354 | 126 | 31 | 142 | 65 | 126 | 18 | |
Total Assets | 221 | 470 | 266 | 166 | 271 | 195 | 263 | 163 |
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 | |
---|---|---|---|---|---|---|---|---|
-47 | 12 | -36 | -21 | 31 | -8 | -48 | 2 | |
53 | 41 | -10 | 21 | 19 | 6 | 1 | -1 | |
-6 | -9 | -1 | -1 | -1 | 1 | 8 | -10 | |
Net Cash Flow | -1 | 44 | -47 | -1 | 49 | -1 | -40 | -9 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 30 | 0 | 0 | 3 | 4 | 1 | 5 | 0 |
Inventory Days | 24 | 627 | 90 | 33 | 206 | 17 | 624 | 4 |
Days Payable | 118 | 716 | 80 | 68 | 290 | 112 | 687 | 0 |
Cash Conversion Cycle | -64 | -88 | 10 | -33 | -80 | -94 | -59 | 4 |
Working Capital Days | 59 | -71 | -1 | -6 | -86 | -92 | 34 | 4 |
ROCE % | 3% | 2% | -4% | 13% | 4% | 5% | 4% |
Documents
Announcements
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Clarification With Respect To The Price Movement
16 Jul - The Company has been compliant with the Regulation 30 of the SEBI (LODR) Regulations, 2015 and as on date there is no pending material information …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - Certificate dated July 03, 2024 issued by our Registrar and Share Transfer Agent, M/s. Link Intime India Private Limited, confirming compliance under Regulation 74(5) of …
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Clarification sought from Hariyana Ship Breakers Ltd
12 Jul - Exchange has sought clarification from Hariyana Ship Breakers Ltd on July 12, 2024 with reference to significant movement in price, in order to ensure that …
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
9 Jul - On July 09, 2024, on the recommendation of the Audit Committee and subject to the approval of the shareholders has approved the appointment of M/s. …
- Voting Results Of Postal Ballot Notice Of The Company Dated May 25, 2024 28 Jun
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