Hariyana Ship Breakers Ltd.

•

hariyanagroup.comBSE: -NSE: HRYNSHP

Market Cap₹ 61 Cr.

Current Price

High / Low₹ 104 / 91

Stock P/E14.9

Book Value₹ 246

Price to Book0.42

Dividend Yield0.00 %

ROCE3.2 %

ROE1.1 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2018 • Shipbreaking: 100.0%

AI Sector View

AI GENERATED

Services

Buy

Broad services remain in expansion. Services PMI was 54.1 (Aug/26), export of services grew 13.0% YoY (2026-06), and urban employment was still positive at 2.0% YoY (2026-07), although airport passenger traffic was -2.0% YoY (2026-06). FPI inflows of INR 7081 crore over 3 months to 2026-08-31 support the constructive sector view.

Confidence

72%

View full sector analysis →

PROS

Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
A large part of profit comes from other income (343.0% of PBT)
Operating cash flow has been negative in recent years
Company has a low return on capital employed of 4.1%
Company has a low return on equity of 2.1% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -5.52x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ServicesLogisticsShipping

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	GESHIP	1393.70	5.31	19897.46	2.52	1308.84	159.43	2005.36	66.91	18.37	66.71
2.	SCI	287.30	8.27	13382.41	2.61	619.34	74.87	1846.56	40.31	14.64	45.35
3.	SHREEJISPG	712.65	72.67	11610.37	0.00	44.29	19.03	208.85	29.57	33.77	29.54
4.	SEAMECLTD	1772.50	17.55	4506.58	0.11	81.34	7.32	296.92	40.77	10.08	41.74
5.	DREDGECORP	1042.30	77.73	2918.44	0.00	11.23	148.16	355.43	46.72	4.28	17.41
6.	SCILAL	38.41	62.78	1789.13	1.43	140.20	-2.23	78.60	37.65	1.31	-13.74
7.	ESSARSHPNG	16.05	3.65	332.20	0.00	230.41	742.14	0.04	-97.63	0.00	-7475.00
8.	GLOBOFFS	44.47	0.00	136.84	0.00	-2.87	-51.27	11.79	177.29	4.19	35.10
9.	HRYNSHP	99.50	14.87	61.36	0.00	4.42	546.41	0.00	—	3.20	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56	91	1	1	0	0	0	0	0	1	2	0	0
	62	89	-0	1	1	0	1	1	0	0	0	1	1
Operating Profit	-5	2	1	-1	-0	-0	-1	-1	-0	1	2	-1	-1
OPM %	-9.40%	2.37%	108.20%	-98.61%	-150.00%	—	—	—	—	77.69%	81.82%	—	—
	3	4	2	2	2	2	2	2	2	3	7	-7	6
Interest	1	0	1	1	1	1	1	1	1	1	0	1	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before Tax	-3	6	1	0	0	1	1	1	1	3	8	-9	5
Tax %	-2.05%	3.58%	33.33%	63.64%	37.84%	30.99%	33.33%	32.84%	29.17%	20.28%	18.52%	-0.65%	10.89%
Net Profit	-3	6	1	0	0	0	0	0	1	2	7	-9	4
	-5.63	9.60	1.19	0.07	0.38	0.80	0.69	0.74	1.11	3.64	11.06	-15.17	7.15

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	366	275	156	377	126	148	168	54	149	0	4
	373	287	162	387	149	148	170	53	152	2	3
Operating Profit	-7	-11	-6	-10	-22	0	-1	1	-3	-2	1
OPM %	-2.02%	-4.02%	-4.03%	-2.59%	-17.72%	0.07%	-0.80%	1.29%	-2.16%	-843.16%	24.97%
	25	30	21	21	18	18	8	8	11	8	9
Interest	7	8	4	1	1	2	2	2	2	3	2
Depreciation	2	2	0	1	1	1	1	1	1	1	1
Profit before Tax	8	9	10	10	-6	15	4	6	4	2	7
Tax %	5.43%	-7.53%	4.28%	16.54%	-5.50%	36.21%	53.33%	26.19%	18.47%	32.67%	39.75%
Net Profit	7	9	10	8	-7	10	2	4	3	2	4
EPS	0.00	0.00	0.00	0.00	-11.10	16.01	3.26	6.78	5.23	2.60	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -50%
5 Years:: -72%
3 Years:: -89%

COMPOUNDED PROFIT GROWTH

10 Years:: -20%
5 Years:: —
3 Years:: -7%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 3%
3 Years:: 2%
Last Year:: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	6	6	6	6	6	6	6	6	6	6
	99	109	118	127	120	130	132	136	139	141
	7	9	4	33	7	4	5	24	16	17
Trade Payables	136	90	308	83	25	112	48	94	0	0
	4	5	33	16	7	19	4	3	2	2
Total Liabilities	252	219	469	265	165	271	196	263	163	166
	15	6	6	6	9	10	10	9	10	9
Capital Work in Progress	0	0	0	1	2	2	2	2	0	0
	77	72	110	133	124	114	117	124	134	138
	4	19	270	93	12	79	7	85	2	2
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	1	0	45	1	0	42	41	11	1	1
	155	122	39	30	18	23	19	33	18	17
Total Assets	252	219	469	265	165	271	196	263	163	166

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	50	-46	2	-41	-14	39	-0	-46	0	-2
Cash from Investing	-47	52	51	-4	14	16	0	1	1	3
Cash from Financing	-6	-6	-9	-1	-1	-1	1	8	-10	-5
	-4	-1	44	-47	-1	49	-1	-40	-9	-3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.95	74.95	74.95	74.95	74.95	74.95	74.95	74.95	74.95
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.05	25.05	25.05	25.05	25.05	25.05	25.05	25.05	25.05

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for HRYNSHP

Loading news…

🤖

AI Stock Analyst

Hariyana Ship Breakers Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

GESHIP

1393.70

5.31

19897.46

2.52

1308.84

159.43

2005.36

66.91

18.37

66.71

SCI

287.30

8.27

13382.41

2.61

619.34

74.87

1846.56

40.31

14.64

45.35

SHREEJISPG

712.65

72.67

11610.37

0.00

44.29

19.03

208.85

29.57

33.77

29.54

SEAMECLTD

1772.50

17.55

4506.58

0.11

81.34

7.32

296.92

40.77

10.08

41.74

DREDGECORP

1042.30

77.73

2918.44

0.00

11.23

148.16

355.43

46.72

4.28

17.41

SCILAL

38.41

62.78

1789.13

1.43

140.20

-2.23

78.60

37.65

1.31

-13.74

ESSARSHPNG

16.05

3.65

332.20

0.00

230.41

742.14

0.04

-97.63

0.00

-7475.00

GLOBOFFS

44.47

0.00

136.84

0.00

-2.87

-51.27

11.79

177.29

4.19

35.10

HRYNSHP

99.50

14.87

61.36

0.00

4.42

546.41

0.00

—

3.20

—

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

-0

Operating Profit

-5

-1

-0

-1

-0

-1

OPM %

-9.40%

2.37%

108.20%

-98.61%

-150.00%

—

77.69%

81.82%

—

-7

Interest

Depreciation

Profit before Tax

-3

-9

Tax %

-2.05%

3.58%

33.33%

63.64%

37.84%

30.99%

33.33%

32.84%

29.17%

20.28%

18.52%

-0.65%

10.89%

Net Profit

-3

-9

-5.63

9.60

1.19

0.07

0.38

0.80

0.69

0.74

1.11

3.64

11.06

-15.17

7.15

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

366

275

156

377

126

148

168

149

373

287

162

387

149

148

170

152

Operating Profit

-7

-11

-6

-10

-22

-1

-3

-2

OPM %

-2.02%

-4.02%

-4.03%

-2.59%

-17.72%

0.07%

-0.80%

1.29%

-2.16%

-843.16%

24.97%

Interest

Depreciation

Profit before Tax

-6

Tax %

5.43%

-7.53%

4.28%

16.54%

-5.50%

36.21%

53.33%

26.19%

18.47%

32.67%

39.75%

Net Profit

-7

EPS

0.00

-11.10

16.01

3.26

6.78

5.23

2.60

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

109

118

127

120

130

132

136

139

141

Trade Payables

136

308

112

Total Liabilities

252

219

469

265

165

271

196

263

163

166

Capital Work in Progress

110

133

124

114

117

124

134

138

270

Cash & Bank

155

122

Total Assets

252

219

469

265

165

271

196

263

163

166

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-46

-41

-14

-0

-46

-2

Cash from Investing

-47

-4

Cash from Financing

-6

-9

-1

-10

-5

-4

-1

-47

-1

-40

-9

-3

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.95

FIIs

0.00

DIIs

0.00

Government

0.00

25.05

Hariyana Ship Breakers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Hariyana Ship Breakers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI