Harita Seating Systems Limited provides seating solutions for automotive industry in India. More Details
Flawless balance sheet with poor track record.
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 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HARITASEAT's weekly volatility (4%) has been stable over the past year.
7 Day Return
IN Auto Components
1 Year Return
IN Auto Components
Return vs Industry: HARITASEAT underperformed the Indian Auto Components industry which returned 13% over the past year.
Return vs Market: HARITASEAT underperformed the Indian Market which returned 10.4% over the past year.
Long-Term 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
6 days ago | Simply Wall StHarita Seating Systems (NSE:HARITASEAT) Has A Somewhat Strained Balance Sheet
1 month ago | Simply Wall StCan Harita Seating Systems Limited (NSE:HARITASEAT) Performance Keep Up Given Its Mixed Bag Of Fundamentals?
3 months ago | Simply Wall StShould We Be Excited About The Trends Of Returns At Harita Seating Systems (NSE:HARITASEAT)?
Is Harita Seating Systems undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HARITASEAT (₹479.95) is trading above our estimate of fair value (₹27.61)
Significantly Below Fair Value: HARITASEAT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HARITASEAT is poor value based on its PE Ratio (1248.4x) compared to the IN Auto Components industry average (32.2x).
PE vs Market: HARITASEAT is poor value based on its PE Ratio (1248.4x) compared to the Indian market (17.3x).
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 (2x) compared to the IN Auto Components industry average (1.5x).
How is Harita Seating Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine Harita Seating Systems's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Harita Seating Systems competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Automobiles industry.
How has Harita Seating Systems performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HARITASEAT has high quality earnings.
Growing Profit Margin: HARITASEAT's current net profit margins (0.05%) are lower than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: HARITASEAT's earnings have declined by 27.2% 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 (-98.7%) over the past year, making it difficult to compare to the Auto Components industry average (-44.3%).
Return on Equity
High ROE: HARITASEAT's Return on Equity (2.4%) is considered low.
How is Harita Seating Systems's financial position?
Financial Position Analysis
Short Term Liabilities: HARITASEAT's short term assets (₹2.7B) exceed its short term liabilities (₹2.2B).
Long Term Liabilities: HARITASEAT's short term assets (₹2.7B) exceed its long term liabilities (₹122.4M).
Debt to Equity History and Analysis
Debt Level: HARITASEAT's debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: HARITASEAT's debt to equity ratio has reduced from 13.3% to 9.2% over the past 5 years.
Debt Coverage: HARITASEAT's debt is well covered by operating cash flow (170.3%).
Interest Coverage: HARITASEAT's interest payments on its debt are well covered by EBIT (5.7x coverage).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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 ($USD0.00) is below average for companies of similar size in the Indian market ($USD49.07K).
Compensation vs Earnings: Insufficient data to compare A.'s compensation with company performance.
|CEO & President||6.08yrs||₹7.21m||no data|
|Chief Finance Officer||1.08yrs||no data||no data|
|Compliance Officer & Company Secretary||11.17yrs||no data||no data|
|Vice President of Research & Development||32.75yrs||₹3.50m||no data|
Experienced Management: HARITASEAT's management team is seasoned and experienced (8.6 years average tenure).
|Independent Chairman||14.67yrs||₹85.00k||0.026% |
|Non-Executive Independent Director||12.67yrs||₹85.00k||no data|
|Non-Executive Independent Director||23.92yrs||₹85.00k||no data|
|Non-Executive Non-Independent Director||16.92yrs||₹15.00k||14% |
|Non-Executive Independent Director||5.17yrs||₹25.00k||no data|
|Non-Executive Independent Director||4.75yrs||₹20.00k||no data|
Experienced Board: HARITASEAT's board of directors are seasoned and experienced ( 13.7 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Harita Seating Systems Limited's company bio, employee growth, exchange listings and data sources
- Name: Harita Seating Systems Limited
- Ticker: HARITASEAT
- Exchange: NSEI
- Founded: 1988
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: ₹3.675b
- Shares outstanding: 7.77m
- Website: https://www.haritaseating.com
- Harita Seating Systems Limited
- Jayalakshmi Estates
- No. 29, Haddows Road
- Tamil Nadu
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|590043||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jan 2005|
|HARITASEAT||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jan 2005|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/02 12:18|
|End of Day Share Price||2020/12/02 00:00|
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.