Haryana Leather Chemicals Limited manufactures and sells various performance chemicals for use in leather processing, footwear finishing, textile printing, pressure sensitive adhesives, and PVC additives in India.
Flawless balance sheet established dividend payer.
Share Price & News
How has Haryana Leather Chemicals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 524080 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 524080 underperformed the Indian Chemicals industry which returned -4.4% over the past year.
Return vs Market: 524080 underperformed the Indian Market which returned -22.6% over the past year.
Price Volatility Vs. Market
How volatile is Haryana Leather Chemicals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Haryana Leather Chemicals undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 524080 (₹20.7) is trading below our estimate of fair value (₹22.78)
Significantly Below Fair Value: 524080 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 524080 is good value based on its PE Ratio (5.4x) compared to the Chemicals industry average (9.1x).
PE vs Market: 524080 is good value based on its PE Ratio (5.4x) compared to the Indian market (9.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 524080's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 524080 is good value based on its PB Ratio (0.3x) compared to the IN Chemicals industry average (0.9x).
How is Haryana Leather Chemicals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials 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 Haryana Leather Chemicals 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 whether Haryana Leather Chemicals is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Haryana Leather Chemicals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Haryana Leather Chemicals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 524080 has a large one-off gain of ₹8.7M impacting its December 31 2019 financial results.
Growing Profit Margin: 524080's current net profit margins (6.4%) are higher than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: 524080's earnings have grown by 4.8% per year over the past 5 years.
Accelerating Growth: 524080's earnings growth over the past year (51.3%) exceeds its 5-year average (4.8% per year).
Earnings vs Industry: 524080 earnings growth over the past year (51.3%) exceeded the Chemicals industry 10.6%.
Return on Equity
High ROE: 524080's Return on Equity (7.1%) is considered low.
How is Haryana Leather Chemicals's financial position?
Financial Position Analysis
Short Term Liabilities: 524080's short term assets (₹227.8M) exceed its short term liabilities (₹58.4M).
Long Term Liabilities: 524080's short term assets (₹227.8M) exceed its long term liabilities (₹10.0M).
Debt to Equity History and Analysis
Debt Level: 524080's debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: 524080's debt to equity ratio has reduced from 6% to 0.8% over the past 5 years.
Debt Coverage: 524080's debt is well covered by operating cash flow (643.7%).
Interest Coverage: 524080 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Haryana Leather Chemicals's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 524080's dividend (3.86%) is higher than the bottom 25% of dividend payers in the Indian market (0.85%).
High Dividend: 524080's dividend (3.86%) is in the top 25% of dividend payers in the Indian market (3.65%)
Stability and Growth of Payments
Stable Dividend: 524080's dividends per share have been stable in the past 10 years.
Growing Dividend: 524080's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.8%), 524080's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Pankaj Jain (63yo)
Mr. Pankaj Jain serves as the Managing Director of Haryana Leather Chemicals, Ltd. and has been its Vice Chairman February 4, 2010. Mr. Jain serves as an Executive Director of Haryana Leather Chemicals, Lt ...
CEO Compensation Analysis
Compensation vs Market: Pankaj's total compensation ($USD45.99K) is about average for companies of similar size in the Indian market ($USD50.51K).
Compensation vs Earnings: Pankaj's compensation has been consistent with company performance over the past year.
|MD & Vice Chairman||no data||₹3.49m||15.42% ₹15.7m|
|Executive Director||9.75yrs||no data||3.13% ₹3.2m|
|Chairman of the Board||no data||no data||no data|
|Non-Executive Director||16.83yrs||no data||no data|
|Independent Director||31.58yrs||₹32.00k||no data|
|Independent Director||13.75yrs||₹32.00k||no data|
|Independent Director||27.17yrs||no data||no data|
|Independent Director||7.25yrs||no data||no data|
|Independent Director||1yr||no data||no data|
Experienced Board: 524080's board of directors are seasoned and experienced ( 12 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.
Haryana Leather Chemicals Limited's company bio, employee growth, exchange listings and data sources
- Name: Haryana Leather Chemicals Limited
- Ticker: 524080
- Exchange: BSE
- Founded: 1985
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: ₹101.605m
- Shares outstanding: 4.91m
- Website: https://www.leatherchem.com
Number of Employees
- Haryana Leather Chemicals Limited
- 1405B, Signature Towers
- South City-I
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|524080||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Oct 2004|
Haryana Leather Chemicals Limited manufactures and sells various performance chemicals for use in leather processing, footwear finishing, textile printing, pressure sensitive adhesives, and PVC additives in India. The company offers leather chemical products, including syntans, fatliquors, and finishes; and footwear finishes, such as brushable creams, self-polishing creams, feel modifier creams, solid waxes, burnish wax bars, wax based aqueous dressings, resin and NC based dressings, adhesion promoters, revivers, pull up oils and crazy finishes, rectification oils and resins, water repelling agents, coloring dyes, repairers–pigments, detergents and cleaners, and special products. It also provides textile binders comprising polyurethane and acrylic emulsions; aqueous and solvent adhesive systems consisting of industrial tapes, labels, stock rolls, surgical tapes, holographic labels, and film bonding products; and high performance acrylic processing aids, and impact and foam modifiers for PVC processing. The company also exports its products. Haryana Leather Chemicals Limited was founded in 1985 and is based in Gurugram, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 12:31|
|End of Day Share Price||2020/05/18 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.