BSE:524080

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Haryana Leather Chemicals

Executive Summary

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.


Snowflake Analysis

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.


Market Performance


7 Day Return

0%

524080

5.0%

IN Chemicals

3.8%

IN Market


1 Year Return

-25.5%

524080

-2.5%

IN Chemicals

-20.9%

IN Market

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.


Shareholder returns

524080IndustryMarket
7 Day0%5.0%3.8%
30 Day-13.8%-1.3%0.5%
90 Day-15.2%-10.2%-14.8%
1 Year-22.9%-25.5%1.6%-2.5%-19.3%-20.9%
3 Year-50.4%-54.0%19.1%12.0%-9.6%-14.4%
5 Year-3.3%-15.2%100.4%83.1%13.0%2.4%

Price Volatility Vs. Market

How volatile is Haryana Leather Chemicals's share price compared to the market and industry in the last 5 years?


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Valuation

Is Haryana Leather Chemicals undervalued compared to its fair value and its price relative to the market?

9.1%

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).


Next Steps

Future Growth

How is Haryana Leather Chemicals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.2%

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.


Next Steps

Past Performance

How has Haryana Leather Chemicals performed over the past 5 years?

4.8%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

What is Haryana Leather Chemicals's current dividend yield, its reliability and sustainability?

3.86%

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.


Next Steps

Management

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

12.0yrs

Average board tenure


CEO

Pankaj Jain (63yo)

no data

Tenure

₹3,492,000

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
Pankaj Jain
MD & Vice Chairmanno data₹3.49m15.42% 15.7m
Sippy Jain
Executive Director9.75yrsno data3.13% 3.2m
Narendra Jain
Chairman of the Boardno datano datano data
Vijay Garg
Non-Executive Director16.83yrsno datano data
Sankarankutty Velayudha Kannadi Menon
Independent Director31.58yrs₹32.00kno data
Pradeep Behl
Independent Director13.75yrs₹32.00kno data
Massimo Medini
Independent Director27.17yrsno datano data
Marco Medini
Independent Director7.25yrsno datano data
Kanishk Gupta
Independent Director1yrno datano data

12.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 524080's board of directors are seasoned and experienced ( 12 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

Haryana Leather Chemicals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Haryana Leather Chemicals Limited
  • 1405B, Signature Towers
  • South City-I
  • Gurugram
  • Haryana
  • 122001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
524080BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2004

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 12:31
End of Day Share Price2020/05/18 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.