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HARYANA LEATHER CHEMICALS LTD.

Chemicals › Chemicals & Petrochemicals
₹57.90
at close · 28 Oct 2026
▼ 2.10 (-3.50%)

Latest filings

  1. Routine compliance certificate for Q2 FY27 dematerialization · Compliance
  2. Trading Window Closure for Q2 FY26-27 Results · Compliance
  3. AGM 2026 results: All 5 resolutions passed; Rs. 1 dividend declared · Board & Shareholder Meetings
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

Makes leather finishing chemicals from a plant in Jind, Haryana, under a joint venture with ICAP Sira of Italy. The business is a small, single-segment commodity-chemicals producer that sells to leather goods manufacturers and tanneries in India. FY26 revenue from operations was ₹5,136.51 lakh (up 4.8% YoY) and net profit was ₹237.70 lakh, giving an EBITDA margin of around 8.95%. The cost stack is dominated by raw materials at 64.7% of revenue, with employees at 10.9% and other operating expenses at 17.7%; depreciation was 1.8% and capex was just 0.9% of revenue, indicating a light-asset, formulation-style business rather than heavy manufacturing. The Board declared a final dividend of ₹1 per share (10% on the ₹10 face value) for FY26.

Operating scale
FY26 revenue from operations
₹5,136.51 lakhFY26
FY26 EBITDA margin
8.95%FY26
Raw materials share of revenue
64.7%FY26
Capex share of revenue
0.9%FY26
FY26 net profit
₹237.70 lakhFY26
Joint venture partner
ICAP Sira, Italy
Who pays it
Leather goods manufacturers and tanneries in India
Biggest cost
Raw materials at 64.7% of revenue (FY26)
Kind of business
Small, light-asset, single-segment commodity-chemicals business
Where it sits
BSE-listed joint venture with Italy's ICAP Sira, operating from Jind, Haryana
Market Cap
₹28 Cr
P / E (TTM)
15.1×
EV / EBITDA
4.2×
Div Yield
1.73%
Growth
13.0%▲
Revenue 5y CAGR
PAT +8.2% · EBITDA +9.1%
Quality
7.7%·
ROCE (5y median)
ROE 5.3% (5y median) · margin 9.0%
Leverage
0.00·
Debt / Equity · low
Net cash ₹11 Cr
Revenue FY21→FY26
1.8×▲
Margin −1.1 pts
₹28 Cr → ₹51 Cr
Cash conversion
1.70×▲
Operating cash ÷ profit · 5 yrs
₹21 Cr on ₹12 Cr
Moves on a normal day
1.70%·
Median daily move
Last 263 sessions · the yardstick for filing-day moves
Where it sits among 66 Commodity Chemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#22/50
P/B#10/60
ROCE#26/62
ROE#29/60
Debt / Equity#2/60
EBITDA margin#40/58
Revenue growth#24/54
Profit growth#39/64

Scorecard

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

Strengths
Revenue compounding 13% a year over 5 years
No borrowings on the balance sheet
lower than 85% of its 60 Commodity Chemicals peers
Over 5 years it reported ₹12 Cr of profit and ₹21 Cr of operating cash — 1.70×
Profit is converting into cash
Pays out 21% of profit as dividend
Concerns
Returns on capital 7.7% (5-year median)
#26 of 62 in Commodity Chemicals on the latest reported figures
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

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

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Peers

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Financials

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from HARYANA LEATHER CHEMICALS LTD.'s filed financials and exchange disclosures

What does HARYANA LEATHER CHEMICALS LTD. do?

HARYANA LEATHER CHEMICALS LTD. is a Chemicals & Petrochemicals company listed on BSE.

Is HARYANA LEATHER CHEMICALS LTD. profitable?

Yes. Over the trailing twelve months HARYANA LEATHER CHEMICALS LTD. reported a net profit of ₹1.89 Cr on revenue of ₹51 Cr.

Does HARYANA LEATHER CHEMICALS LTD. pay a dividend?

Yes. The dividend yield is 1.73% at the current price. It paid out 21% of its profit as dividend in FY26.

Is HARYANA LEATHER CHEMICALS LTD. debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹11 Cr of cash.

Is HARYANA LEATHER CHEMICALS LTD. expensive compared with its peers?

On trailing P/E, HARYANA LEATHER CHEMICALS LTD. ranks 22 of 50 in Commodity Chemicals — cheaper than 57% of them, against an industry median of 17.4×. This is a position, not a valuation judgement.

How much does the HARYANA LEATHER CHEMICALS LTD. share price move in a day?

On a typical session HARYANA LEATHER CHEMICALS LTD. moves 1.70% — that is the median absolute close-to-close move across its last 263 trading days. MarketPing measures each filing's price reaction against it.

Where can I track HARYANA LEATHER CHEMICALS LTD.'s announcements?

Every NSE and BSE filing by HARYANA LEATHER CHEMICALS LTD. 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.