NSEI:HARITASEAT

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Harita Seating Systems

Executive Summary

Harita Seating Systems Limited provides seating solutions for automotive industry in India. More Details


Snowflake Analysis

Excellent balance sheet with poor track record.


Similar Companies

Share Price & News

How has Harita Seating Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HARITASEAT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

HARITASEAT

-2.5%

IN Auto Components

-0.6%

IN Market


1 Year Return

-6.7%

HARITASEAT

-3.9%

IN Auto Components

2.2%

IN Market

Return vs Industry: HARITASEAT underperformed the Indian Auto Components industry which returned -3.9% over the past year.

Return vs Market: HARITASEAT underperformed the Indian Market which returned 2.2% over the past year.


Shareholder returns

HARITASEATIndustryMarket
7 Day-1.1%-2.5%-0.6%
30 Day-5.0%-5.9%0.2%
90 Day2.9%4.3%6.7%
1 Year-6.7%-6.7%-2.8%-3.9%3.9%2.2%
3 Year-50.1%-51.1%-32.6%-34.5%2.6%-2.4%
5 Year57.6%51.1%2.5%-1.7%41.3%30.8%

Price Volatility Vs. Market

How volatile is Harita Seating Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Harita Seating Systems undervalued compared to its fair value and its price relative to the market?

86.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HARITASEAT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HARITASEAT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HARITASEAT is poor value based on its PE Ratio (86.3x) compared to the IN Auto Components industry average (32.7x).

PE vs Market: HARITASEAT is poor value based on its PE Ratio (86.3x) compared to the Indian market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HARITASEAT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HARITASEAT is overvalued based on its PB Ratio (1.6x) compared to the IN Auto Components industry average (1.3x).


Next Steps

Future Growth

How is Harita Seating Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

48.8%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Harita Seating Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Harita Seating Systems performed over the past 5 years?

-19.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HARITASEAT has high quality earnings.

Growing Profit Margin: HARITASEAT's current net profit margins (0.6%) are lower than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: HARITASEAT's earnings have declined by 19.3% per year over the past 5 years.

Accelerating Growth: HARITASEAT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HARITASEAT had negative earnings growth (-84.3%) over the past year, making it difficult to compare to the Auto Components industry average (-56.9%).


Return on Equity

High ROE: HARITASEAT's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Harita Seating Systems's financial position?


Financial Position Analysis

Short Term Liabilities: HARITASEAT's short term assets (₹2.2B) exceed its short term liabilities (₹1.7B).

Long Term Liabilities: HARITASEAT's short term assets (₹2.2B) exceed its long term liabilities (₹139.0M).


Debt to Equity History and Analysis

Debt Level: HARITASEAT's debt to equity ratio (7.5%) is considered satisfactory.

Reducing Debt: HARITASEAT's debt to equity ratio has reduced from 19% to 7.5% over the past 5 years.

Debt Coverage: HARITASEAT's debt is well covered by operating cash flow (167.8%).

Interest Coverage: HARITASEAT's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Harita Seating Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HARITASEAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HARITASEAT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HARITASEAT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HARITASEAT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: HARITASEAT is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HARITASEAT's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.5yrs

Average management tenure


CEO

A. Giridharan

5.92yrs

Tenure

₹7,213,000

Compensation

Mr. A. G. Giridharan serves as President and Chief Executive Officer of Harita Fehrer Ltd. Mr. Giridharan has been the President of Harita Seating Systems Limited since November 10, 2009 and has been its C ...


CEO Compensation Analysis

Compensation vs Market: A.'s total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD56.07K).

Compensation vs Earnings: Insufficient data to compare A.'s compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
A. Giridharan
CEO & President5.92yrs₹7.21mno data
K. Subramanian
Chief Finance Officer0.92yrno datano data
N. Lakshmi
Compliance Officer & Company Secretary11yrsno datano data
Y. Kale
Vice President of Research & Development32.58yrs₹3.50mno data

8.5yrs

Average Tenure

Experienced Management: HARITASEAT's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Harihara Lakshmanan
Independent Chairman14.5yrs₹85.00k0.026%
₹ 816.1k
C. Prasad
Non-Executive Independent Director12.5yrs₹85.00kno data
S. Jaffar Ali
Non-Executive Independent Director23.75yrs₹85.00kno data
Martin Grammer
Non-Executive Non-Independent Director16.75yrs₹15.00k14%
₹ 439.4m
L. Bhadri
Non-Executive Independent Director5yrs₹25.00kno data
Sasikala Varadachari
Non-Executive Independent Director4.58yrs₹20.00kno data

13.5yrs

Average Tenure

69.5yo

Average Age

Experienced Board: HARITASEAT's board of directors are seasoned and experienced ( 13.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Harita Seating Systems Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Harita Seating Systems Limited
  • Ticker: HARITASEAT
  • Exchange: NSEI
  • Founded: 1988
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹3.139b
  • Shares outstanding: 7.77m
  • Website: https://www.haritaseating.com

Location

  • Harita Seating Systems Limited
  • Jayalakshmi Estates
  • No. 29, Haddows Road
  • Chennai
  • Tamil Nadu
  • 600006
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
590043BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2005
HARITASEATNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2005

Biography

Harita Seating Systems Limited provides seating solutions for automotive industry in India. It offers driver and cabin seating solutions for commercial vehicles, tractors, off-road vehicles, original equip ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 12:32
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.