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NSE:HRYNSHP

HARIYANA SHIP BREAKERS L

Capital Goods › Industrial Manufacturing
₹87.00
at close · 28 Oct 2026
▼ 0.90 (-1.02%)

Latest filings

  1. RTA submits Regulation 74(5) compliance certificate for Q2 FY27 · Compliance
  2. Mother in promoter group to receive 4.14 lakh shares as gift from son · Ownership Changes
  3. Promoter group inter-se gift transfer of 4.14 lakh shares at nil price · Ownership Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Dismantles end-of-life vessels at ship-breaking yards in Mumbai and Bhavnagar and recovers ferrous and non-ferrous scrap for resale. The Mumbai yard is the active site, with the Bhavnagar yard reporting negligible revenue in FY26. An Industrial Oxygen & Trading segment sits on the books but generated no revenue in the period. Total segment revenue for FY26 was Rs 14.2828 crore against segment EBIT of Rs 17.4378 crore, an EBIT margin of 122.1%, which indicates that non-operating items contribute the bulk of reported segment profit. The cost base is dominated by depreciation at 31.3% of revenue and other operating expenses at 37.9%, with employee cost at 8.3% and no capex incurred in FY26. Despite the small ship-breaking footprint, total assets stand at Rs 155.2767 crore, and recent auditor filings flag that the majority of these assets are capital contributions to partnership firms and onward loans to director-related entities rather than ship-breaking infrastructure. Listed on BSE only as a micro-cap (script code 526931).

Operating scale
Total segment revenue
Rs 14.2828 croreFY26
Total assets
Rs 155.2767 croreFY26
Segment EBIT
Rs 17.4378 croreFY26
Segment EBIT margin
122.1%FY26
Depreciation as % of revenue
31.3%FY26
Capex
NilFY26
Who pays it
Sells recovered steel and non-ferrous scrap to metal buyers; purchases end-of-life vessels from ship owners.
Biggest cost
Depreciation, at 31.3% of FY26 revenue, is the largest disclosed cost line.
Kind of business
Cyclical ship-breaking and scrap recovery, with a substantial share of assets parked in partnership firms and related-party loans.
Where it sits
BSE-listed micro-cap (script code 526931) operating ship-breaking yards in Mumbai and Bhavnagar.
Market Cap
₹54 Cr
P / E (TTM)
2.8×
EV / EBITDA
33.4×
Div Yield
—
Growth
-52.8%▼
Revenue 5y CAGR
PAT -47.2% · EBITDA -37.2%
Quality
3.9%·
ROCE (5y median)
ROE 1.3% (5y median) · margin 49.0%
Leverage
0.03·
Debt / Equity · low
Net debt ₹3.58 Cr
Revenue FY21→FY26
0.0×▼
Margin +4.8 pts
₹149 Cr → ₹3 Cr
Cash conversion
-4.80×▼
Operating cash ÷ profit · 5 yrs
₹-54 Cr on ₹11 Cr
Where it sits among 154 Industrial Manufacturing peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#5/139
P/B#3/120
ROCE#136/151
ROE#109/121
Debt / Equity#33/121
Profit growth#117/117

Scorecard

Measured from the filed financials, judged against its Industrial Manufacturing peers · as of FY26 — not investment advice

Strengths
Debt at 0.03× equity
lower than 73% of its 121 Industrial Manufacturing peers
Concerns
Revenue shrinking over 5 years (−53% a year)
Profit shrinking over 5 years (−47% a year)
Erratic profits — up in only 1 of the last 5 years
Returns on capital 3.9% (5-year median)
#136 of 151 in Industrial Manufacturing on the latest reported figures · down from 12.2% in FY21
Over 5 years it reported ₹11 Cr of profit and an operating cash outflow of ₹54 Cr — -4.80×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

HRYNSHP · price

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from HARIYANA SHIP BREAKERS L's filed financials and exchange disclosures

What does HARIYANA SHIP BREAKERS L do?

HARIYANA SHIP BREAKERS L is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol HRYNSHP.

Is HARIYANA SHIP BREAKERS L profitable?

Yes. Over the trailing twelve months HARIYANA SHIP BREAKERS L reported a net profit of ₹0.39 Cr on revenue of ₹3.50 Cr.

Does HARIYANA SHIP BREAKERS L pay a dividend?

Not in the latest reported year — HARIYANA SHIP BREAKERS L's dividend payout for FY26 was nil.

Is HARIYANA SHIP BREAKERS L debt-free?

No. It reported borrowings of ₹4.38 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹3.58 Cr after cash. Debt stands at 0.03× equity. That is lower than 73% of its 121 Industrial Manufacturing peers.

Is HARIYANA SHIP BREAKERS L expensive compared with its peers?

On trailing P/E, HARIYANA SHIP BREAKERS L ranks 5 of 139 in Industrial Manufacturing — cheaper than 97% of them, against an industry median of 26.5×. This is a position, not a valuation judgement.

Where can I track HARIYANA SHIP BREAKERS L's announcements?

Every NSE and BSE filing by HARIYANA SHIP BREAKERS L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.