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Last Updated: April 1, 2026, 5:15 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 538081 | NSE: HARIAAPL

Haria Apparels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹5.43Fairly Valued by 0.73%vs CMP ₹5.47

P/E (10.4) × ROE (14.7%) × BV (₹4.35) × DY (2.00%)

₹6.14Undervalued by 12.25%vs CMP ₹5.47
MoS: +10.9% (Thin)Confidence: 39/100 (Low)Models: 3 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹6.2329%Under (+13.9%)
Graham NumberEarnings₹7.1321%Under (+30.3%)
Earnings PowerEarnings₹3.1614%Over (-42.2%)
DCFCash Flow₹8.6417%Under (+58%)
Net Asset ValueAssets₹4.359%Over (-20.5%)
Earnings YieldEarnings₹5.209%Fair (-4.9%)
Consensus (6 models)₹6.14100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 14.9%

*Investments are subject to market risks

Investment Snapshot

58
Haria Apparels Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 15.1% GoodROE 14.7% GoodD/E 1.56 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 58.5% Stable
Earnings Quality65/100 · Strong
OPM expanding (-93% → 0%) Improving
Quarterly Momentum60/100 · Moderate
Profit (4Q): +33% YoY StrongOPM: -13.3% (down 13.3% YoY) Margin pressure
Industry Rank70/100 · Strong
P/E 10.4 vs industry 33.4 Cheaper than peersROCE 15.1% vs industry 11.4% Above peers3Y sales CAGR: -100% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 1, 2026, 5:15 am

Market Cap 8.36 Cr.
Current Price 5.47
Intrinsic Value₹6.14
High / Low 7.65/4.56
Stock P/E10.4
Book Value 4.35
Dividend Yield0.00 %
ROCE15.1 %
ROE14.7 %
Face Value 10.0
PEG Ratio0.70

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Haria Apparels Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Haria Apparels Ltd 8.36 Cr. 5.47 7.65/4.5610.4 4.350.00 %15.1 %14.7 % 10.0
Monte Carlo Fashions Ltd 1,017 Cr. 490 865/46410.6 4024.08 %12.8 %9.78 % 10.0
SPL Industries Ltd 66.8 Cr. 23.0 46.5/20.211.1 72.30.00 %4.55 %2.86 % 10.0
Active Clothing Co Ltd 146 Cr. 94.1 161/82.612.1 53.00.00 %11.7 %11.5 % 10.0
Lovable Lingerie Ltd 90.8 Cr. 61.4 110/54.812.8 1150.00 %3.58 %0.79 % 10.0
Industry Average4,184.42 Cr1,215.8433.42143.320.29%11.36%15.66%7.21

All Competitor Stocks of Haria Apparels Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.000.000.000.000.000.000.000.000.000.000.973.353.39
Expenses 0.240.200.210.190.290.370.530.200.220.211.183.663.84
Operating Profit -0.24-0.20-0.21-0.19-0.29-0.37-0.53-0.20-0.22-0.21-0.21-0.31-0.45
OPM % -21.65%-9.25%-13.27%
Other Income 0.550.710.570.690.570.590.590.600.580.610.600.600.57
Interest 0.050.050.060.110.040.070.050.060.050.010.020.040.14
Depreciation 0.040.040.040.050.050.050.050.050.060.050.050.050.05
Profit before tax 0.220.420.260.340.190.10-0.040.290.250.340.320.20-0.07
Tax % 0.00%2.38%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit 0.210.410.250.350.200.10-0.040.290.250.340.320.20-0.06
EPS in Rs 0.140.270.160.230.130.07-0.030.190.160.220.210.13-0.04

Last Updated: March 3, 2026, 9:18 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.110.230.640.0210.5917.790.780.001.010.000.000.007.71
Expenses 0.521.000.990.6310.7418.631.631.202.890.821.081.168.89
Operating Profit -0.41-0.77-0.35-0.61-0.15-0.84-0.85-1.20-1.88-0.82-1.08-1.16-1.18
OPM % -372.73%-334.78%-54.69%-3,050.00%-1.42%-4.72%-108.97%-186.14%-15.30%
Other Income 1.601.831.802.552.422.761.250.463.512.332.432.372.38
Interest 0.380.390.431.310.940.930.540.430.210.180.270.160.21
Depreciation 1.582.061.630.450.360.310.290.220.330.150.180.210.20
Profit before tax -0.77-1.39-0.610.180.970.68-0.43-1.391.091.180.900.840.79
Tax % -5.19%13.67%90.16%322.22%-79.38%-4.41%20.93%84.17%63.30%0.85%0.00%0.00%
Net Profit -0.73-1.58-1.16-0.411.730.72-0.52-2.560.401.170.890.840.80
EPS in Rs -0.48-1.03-0.76-0.271.130.47-0.34-1.670.260.770.580.550.52
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-116.44%26.58%64.66%521.95%-58.38%-172.22%-392.31%115.62%192.50%-23.93%-5.62%
Change in YoY Net Profit Growth (%)0.00%143.02%38.07%457.30%-580.33%-113.84%-220.09%507.93%76.88%-216.43%18.31%

Haria Apparels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 4, 2025, 3:01 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15.2915.2915.2915.2915.2915.2915.2915.2915.2915.2915.2915.2915.29
Reserves -0.35-1.93-3.11-11.84-10.11-9.39-9.91-12.47-12.06-10.89-10.00-9.16-8.64
Borrowings 13.0811.829.236.3110.155.463.914.791.741.461.320.522.91
Other Liabilities 3.632.852.933.158.499.593.703.448.648.588.488.478.55
Total Liabilities 31.6528.0324.3412.9123.8220.9512.9911.0513.6114.4415.0915.1218.11
Fixed Assets 6.234.002.482.552.342.261.981.761.561.962.191.981.91
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.010.010.010.010.010.010.010.010.010.010.010.010.01
Other Assets 25.4124.0221.8510.3521.4718.6811.009.2812.0412.4712.8913.1316.19
Total Assets 31.6528.0324.3412.9123.8220.9512.9911.0513.6114.4415.0915.1218.11

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -1.755.821.850.42-1.52-0.350.53-0.3610.891.060.421.37
Cash from Investing Activity + -0.22-3.751.250.300.340.380.03-0.01-7.45-0.74-0.05-0.24
Cash from Financing Activity + 1.90-1.81-2.94-1.131.70-0.31-0.580.45-3.26-0.46-0.42-0.96
Net Cash Flow -0.070.260.16-0.410.52-0.27-0.030.080.18-0.14-0.050.17
Free Cash Flow -1.756.131.91-0.02-1.43-0.580.53-0.3610.960.530.021.37
CFO/OP 427%-756%-529%-69%1,013%42%-62%48%-448%-161%-113%-103%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-13.49-12.59-9.58-6.92-10.30-6.30-4.76-5.99-3.62-2.28-2.40-1.68

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 41,941.8219,329.136,980.621,095.0013.79164.96444.557.23
Inventory Days 5,615.382,442.691,263.4624,272.50267.2531.39710.79-0.00
Days Payable 6,570.002,611.151,731.4138,872.50288.49186.691,647.30
Cash Conversion Cycle 40,987.2019,160.676,512.68-13,505.00-7.459.67-491.967.23
Working Capital Days 27,905.9117,059.783,912.34-94,900.00-208.52-23.18-800.19-3,133.22
ROCE %-1.39%-4.29%-1.50%9.05%15.23%12.06%1.07%-11.36%17.49%24.75%18.60%15.08%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.50%58.50%58.50%58.50%58.50%58.50%58.50%58.50%58.50%58.50%58.50%58.50%
DIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 41.49%41.48%41.48%41.49%41.49%41.49%41.49%41.50%41.50%41.49%41.49%41.49%
No. of Shareholders 8,9318,9919,3659,77510,1529,8529,89910,0039,9829,9339,8479,842

Shareholding Pattern Chart

No. of Shareholders

Haria Apparels Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.550.580.770.26-1.56
Diluted EPS (Rs.) 0.550.580.770.26-1.56
Cash EPS (Rs.) 0.680.700.860.48-1.45
Book Value[Excl.RevalReserv]/Share (Rs.) 4.013.462.882.111.85
Book Value[Incl.RevalReserv]/Share (Rs.) 4.013.462.882.111.85
Revenue From Operations / Share (Rs.) 0.000.000.000.650.00
PBDIT / Share (Rs.) 0.790.880.981.07-0.40
PBIT / Share (Rs.) 0.650.760.880.84-0.51
PBT / Share (Rs.) 0.540.580.770.71-0.80
Net Profit / Share (Rs.) 0.540.580.760.26-1.56
PBDIT Margin (%) 0.000.000.00161.970.00
PBIT Margin (%) 0.000.000.00128.990.00
PBT Margin (%) 0.000.000.00107.970.00
Net Profit Margin (%) 0.000.000.0040.060.00
Return on Networth / Equity (%) 13.6516.8626.6812.50-84.76
Return on Capital Employeed (%) 14.6518.1223.7926.92-15.33
Return On Assets (%) 5.535.918.122.96-21.64
Long Term Debt / Equity (X) 0.040.140.220.390.77
Total Debt / Equity (X) 0.080.240.330.391.56
Asset Turnover Ratio (%) 0.000.000.000.080.00
Current Ratio (X) 0.100.040.050.040.41
Quick Ratio (X) 0.100.040.050.040.15
Interest Coverage Ratio (X) 7.384.928.477.71-1.45
Interest Coverage Ratio (Post Tax) (X) 6.104.257.572.91-4.57
Enterprise Value (Cr.) 8.349.367.663.615.99
EV / Net Operating Revenue (X) 0.000.000.003.580.00
EV / EBITDA (X) 6.906.925.062.21-9.63
MarketCap / Net Operating Revenue (X) 0.000.000.002.610.00
Price / BV (X) 1.331.541.450.810.60
Price / Net Operating Revenue (X) 0.000.000.002.610.00
EarningsYield 0.100.100.180.15-1.40

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Haria Apparels Ltd. is a Public Limited Listed company incorporated on 01/02/2011 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L18204MH2011PLC212887 and registration number is 212887. Currently Company is involved in the business activities of Preparation and spinning of textile fibres. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 15.29 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Readymade Apparels8, Subhash Road, Vile Parle (East), Mumbai Maharashtra 400057Contact not found
Management
NamePosition Held
Mr. Bimal Kantilal HariaDirector & CFO
Mr. Rajesh ParmarDirector
Mr. Nitin V OzaDirector
Mrs. Nehaben Joy KothariDirector
Mr. Priti YadavDirector

FAQ

What is the intrinsic value of Haria Apparels Ltd and is it undervalued?

As of 15 April 2026, Haria Apparels Ltd's intrinsic value is ₹6.14, which is 12.25% higher than the current market price of ₹5.47, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (14.7 %), book value (₹4.35), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Haria Apparels Ltd?

Haria Apparels Ltd is trading at ₹5.47 as of 15 April 2026, with a FY2026-2027 high of ₹7.65 and low of ₹4.56. The stock is currently in the middle of its 52-week range. Market cap stands at ₹8.36 Cr..

How does Haria Apparels Ltd's P/E ratio compare to its industry?

Haria Apparels Ltd has a P/E ratio of 10.4, which is below the industry average of 33.42. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Haria Apparels Ltd financially healthy?

Key indicators for Haria Apparels Ltd: ROCE of 15.1 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Haria Apparels Ltd profitable and how is the profit trend?

Haria Apparels Ltd reported a net profit of ₹1 Cr in Mar 2025. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Haria Apparels Ltd pay dividends?

Haria Apparels Ltd has a dividend yield of 0.00 % at the current price of ₹5.47. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Haria Apparels Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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