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Last Updated: April 2, 2026, 4:46 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 524080 | NSE: HARLETH

Haryana Leather Chemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹52.11Fairly Valued by 4.56%vs CMP ₹54.60

P/E (13.1) × ROE (5.5%) × BV (₹89.60) × DY (1.83%)

₹63.01Undervalued by 15.40%vs CMP ₹54.60
MoS: +13.3% (Thin)Confidence: 39/100 (Low)Models: 3 Under, 3 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹56.0723%Fair (+2.7%)
Graham NumberEarnings₹88.1016%Under (+61.4%)
Earnings PowerEarnings₹43.3111%Over (-20.7%)
DCFCash Flow₹56.9914%Fair (+4.4%)
Net Asset ValueAssets₹89.627%Under (+64.1%)
EV/EBITDAEnterprise₹56.319%Fair (+3.1%)
Earnings YieldEarnings₹38.507%Over (-29.5%)
ROCE CapitalReturns₹47.767%Over (-12.5%)
Revenue MultipleRevenue₹99.895%Under (+82.9%)
Consensus (9 models)₹63.01100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.6%

*Investments are subject to market risks

Investment Snapshot

53
Haryana Leather Chemicals Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health63/100 · Moderate
ROCE 8.0% AverageROE 5.5% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 41.3% Stable
Earnings Quality50/100 · Moderate
OPM stable around 6% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 3% YoY FlatProfit (4Q): -50% YoY Declining
Industry Rank55/100 · Moderate
P/E 13.1 vs industry 64.9 Cheaper than peersROCE 8.0% vs industry 13.0% AverageROE 5.5% vs industry 25.4% Below peers3Y sales CAGR: 8% Moderate

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 2, 2026, 4:46 am

Market Cap 26.8 Cr.
Current Price 54.6
Intrinsic Value₹63.01
High / Low 88.8/50.2
Stock P/E13.1
Book Value 89.6
Dividend Yield1.83 %
ROCE8.02 %
ROE5.45 %
Face Value 10.0
PEG Ratio1.72

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

View Share Price Target for Haryana Leather Chemicals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Haryana Leather Chemicals Ltd 26.8 Cr. 54.6 88.8/50.213.1 89.61.83 %8.02 %5.45 % 10.0
Chembond Chemicals Ltd 164 Cr. 122 490/10512.0 1211.43 %11.5 %10.5 % 5.00
Hardcastle & Waud Mfg Co Ltd 43.7 Cr. 642 899/60214.7 6970.00 %6.31 %2.91 % 10.0
Rossari Biotech Ltd 2,239 Cr. 404 768/37316.3 2260.12 %15.8 %12.2 % 2.00
Aarti Surfactants Ltd 297 Cr. 351 653/31616.6 2800.28 %8.50 %5.14 % 10.0
Industry Average12,530.04 Cr712.4964.87182.870.55%12.98%25.40%6.41

All Competitor Stocks of Haryana Leather Chemicals Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 10.0910.8811.0211.4110.6313.5312.2010.8112.6013.9211.7613.0911.78
Expenses 9.5610.0710.4610.609.5510.8011.4510.1012.1112.7510.9712.2211.16
Operating Profit 0.530.810.560.811.082.730.750.710.491.170.790.870.62
OPM % 5.25%7.44%5.08%7.10%10.16%20.18%6.15%6.57%3.89%8.41%6.72%6.65%5.26%
Other Income 0.260.290.24-0.180.350.490.36-0.170.510.010.46-0.030.43
Interest 0.000.020.010.010.030.010.010.010.020.040.000.030.03
Depreciation 0.190.230.190.180.180.320.200.220.230.250.240.260.25
Profit before tax 0.600.850.600.441.222.890.900.310.750.891.010.550.77
Tax % 25.00%31.76%28.33%38.64%18.03%18.34%28.89%51.61%18.67%55.06%26.73%67.27%25.97%
Net Profit 0.450.580.430.271.012.370.650.150.610.400.740.180.57
EPS in Rs 0.921.180.880.552.064.831.320.311.240.811.510.371.16

Last Updated: March 3, 2026, 9:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:05 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 44.7942.3839.7339.0635.5736.8735.0327.8438.8842.4844.4249.0350.55
Expenses 41.2239.0736.1735.9933.4535.2332.8426.0737.6440.2941.4046.4147.10
Operating Profit 3.573.313.563.072.121.642.191.771.242.193.022.623.45
OPM % 7.97%7.81%8.96%7.86%5.96%4.45%6.25%6.36%3.19%5.16%6.80%5.34%6.82%
Other Income 1.230.310.731.041.081.321.441.201.421.173.551.700.87
Interest 0.250.260.200.080.120.110.090.040.050.050.060.080.10
Depreciation 0.781.341.131.050.870.710.710.760.770.780.870.901.00
Profit before tax 3.772.022.962.982.212.142.832.171.842.535.643.343.22
Tax % 27.85%32.18%31.42%34.23%21.72%28.04%25.80%26.27%28.26%26.48%18.26%31.14%
Net Profit 2.721.362.031.961.731.542.091.601.311.864.622.301.89
EPS in Rs 5.542.774.143.993.523.144.263.262.673.799.414.693.85
Dividend Payout % 12.64%25.27%0.00%20.04%22.71%25.51%0.00%0.00%0.00%0.00%10.63%21.35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-50.00%49.26%-3.45%-11.73%-10.98%35.71%-23.44%-18.12%41.98%148.39%-50.22%
Change in YoY Net Profit Growth (%)0.00%99.26%-52.71%-8.29%0.75%46.70%-59.16%5.32%60.11%106.40%-198.60%

Haryana Leather Chemicals 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, 3:02 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4.914.914.914.914.914.914.914.914.914.914.914.914.91
Reserves 18.7019.0621.0923.3124.5625.6327.2528.8530.1632.0836.2138.0139.08
Borrowings 1.541.500.230.160.050.700.060.010.000.610.280.710.52
Other Liabilities 11.0010.007.768.859.247.488.905.208.105.276.816.798.50
Total Liabilities 36.1535.4733.9937.2338.7638.7241.1238.9743.1742.8748.2150.4253.01
Fixed Assets 17.0815.7014.8714.4814.5314.5214.5115.3414.8715.0114.2814.8814.75
CWIP 0.050.030.090.220.010.000.000.000.000.120.190.040.15
Investments 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets 19.0219.7419.0322.5324.2224.2026.6123.6328.3027.7433.7435.5038.11
Total Assets 36.1535.4733.9937.2338.7638.7241.1238.9743.1742.8748.2150.4253.01

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2.041.144.863.761.271.263.89-6.822.46-1.937.920.19
Cash from Investing Activity + -1.12-0.53-0.36-0.78-0.73-0.63-0.68-1.57-0.31-0.98-0.70-1.84
Cash from Financing Activity + -0.16-0.89-0.33-0.10-0.630.60-0.70-0.07-0.040.58-0.350.39
Net Cash Flow 0.76-0.284.162.88-0.081.232.52-8.462.12-2.336.87-1.27
Free Cash Flow 0.920.614.502.980.540.633.21-8.392.15-2.967.71-1.16
CFO/OP 89%55%162%153%83%109%206%-359%235%-60%292%45%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow2.031.813.332.912.070.942.131.761.241.582.741.91

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 88.0184.1472.6781.9597.7990.1996.17104.6294.5484.8976.8378.76
Inventory Days 44.7267.3951.7551.1363.6240.3750.7037.7545.4738.0340.0748.44
Days Payable 90.3686.6363.7592.44108.5772.05103.4956.1265.9938.2651.4547.78
Cash Conversion Cycle 42.3764.9160.6640.6452.8458.5143.3986.2574.0184.6565.4579.42
Working Capital Days 57.6164.5955.1246.4466.1963.4657.6283.7875.1076.5665.7471.17
ROCE %14.74%9.09%12.22%11.21%8.01%7.21%9.14%6.64%5.49%7.10%8.96%8.02%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 41.58%41.58%41.58%41.58%41.28%41.28%41.28%41.28%41.28%41.28%41.28%41.28%
DIIs 0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.15%0.12%0.12%0.12%
Government 0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.09%0.09%
Public 58.22%58.22%58.21%58.21%58.52%58.51%58.51%58.51%58.53%58.57%58.54%58.53%
No. of Shareholders 3,1463,1273,3993,3793,4943,7363,8724,1304,2673,8813,8453,787

Shareholding Pattern Chart

No. of Shareholders

Haryana Leather Chemicals 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.) 4.699.413.792.683.26
Diluted EPS (Rs.) 4.699.413.792.683.26
Cash EPS (Rs.) 6.5211.175.374.244.81
Book Value[Excl.RevalReserv]/Share (Rs.) 87.4583.7675.3571.4568.78
Book Value[Incl.RevalReserv]/Share (Rs.) 87.4583.7675.3571.4568.78
Dividend / Share (Rs.) 1.001.000.000.000.00
Revenue From Operations / Share (Rs.) 99.8990.5086.5479.2056.72
PBDIT / Share (Rs.) 8.7913.386.845.406.05
PBIT / Share (Rs.) 6.9611.615.263.834.50
PBT / Share (Rs.) 6.8011.505.163.744.41
Net Profit / Share (Rs.) 4.699.413.792.673.26
PBDIT Margin (%) 8.8014.787.906.8110.67
PBIT Margin (%) 6.9612.836.074.837.93
PBT Margin (%) 6.8112.705.964.727.77
Net Profit Margin (%) 4.6910.394.383.375.74
Return on Networth / Equity (%) 5.3511.235.033.744.73
Return on Capital Employeed (%) 7.6913.396.745.186.32
Return On Assets (%) 4.569.574.343.044.10
Total Debt / Equity (X) 0.010.010.010.000.00
Asset Turnover Ratio (%) 0.990.970.980.940.69
Current Ratio (X) 3.843.963.363.945.81
Quick Ratio (X) 3.103.382.673.405.35
Inventory Turnover Ratio (X) 12.679.248.9610.886.97
Interest Coverage Ratio (X) 56.43118.6869.1257.8467.40
Interest Coverage Ratio (Post Tax) (X) 31.0784.4639.2929.6537.27
Enterprise Value (Cr.) 25.3623.5916.855.921.20
EV / Net Operating Revenue (X) 0.510.530.390.150.04
EV / EBITDA (X) 5.873.595.022.230.40
MarketCap / Net Operating Revenue (X) 0.650.720.420.460.51
Price / BV (X) 0.740.780.490.510.42
Price / Net Operating Revenue (X) 0.650.720.420.460.51
EarningsYield 0.070.140.100.070.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Haryana Leather Chemicals Ltd. is a Public Limited Listed company incorporated on 22/01/1985 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L74999HR1985PLC019905 and registration number is 019905. Currently Company is involved in the business activities of Wholesale of solid, liquid and gaseous fuels and related products. Company's Total Operating Revenue is Rs. 49.03 Cr. and Equity Capital is Rs. 4.91 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - Others1405 - B, Signature Towers, South City - I, Gurgaon Haryana 122001Contact not found
Management
NamePosition Held
Mr. Pankaj JainManaging Director
Mr. Narendra Kumar JainNon Executive Director
Mr. Vijay Kumar GargNon Executive Director
Mr. Sippy JainExecutive Director
Mr. Kanishk GuptaIndependent Director
Mr. Chinar GoelIndependent Director
Ms. Ritu AtriIndependent Director
Mr. Pradeep Kumar VermaDirector

FAQ

What is the intrinsic value of Haryana Leather Chemicals Ltd and is it undervalued?

As of 14 April 2026, Haryana Leather Chemicals Ltd's intrinsic value is ₹63.01, which is 15.40% higher than the current market price of ₹54.60, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (5.45 %), book value (₹89.6), dividend yield (1.83 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Haryana Leather Chemicals Ltd?

Haryana Leather Chemicals Ltd is trading at ₹54.60 as of 14 April 2026, with a FY2026-2027 high of ₹88.8 and low of ₹50.2. The stock is currently near its 52-week low. Market cap stands at ₹26.8 Cr..

How does Haryana Leather Chemicals Ltd's P/E ratio compare to its industry?

Haryana Leather Chemicals Ltd has a P/E ratio of 13.1, which is below the industry average of 64.87. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Haryana Leather Chemicals Ltd financially healthy?

Key indicators for Haryana Leather Chemicals Ltd: ROCE of 8.02 % is on the lower side compared to the industry average of 12.98%; ROE of 5.45 % is below ideal levels (industry average: 25.40%). Dividend yield is 1.83 %.

Is Haryana Leather Chemicals Ltd profitable and how is the profit trend?

Haryana Leather Chemicals Ltd reported a net profit of ₹2 Cr in Mar 2025 on revenue of ₹49 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Haryana Leather Chemicals Ltd pay dividends?

Haryana Leather Chemicals Ltd has a dividend yield of 1.83 % at the current price of ₹54.60. The company pays dividends, though the yield is modest.

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 Haryana Leather Chemicals 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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