As of 6 Nov 2026, Haryana Leather Chemicals trades at 23.1× trailing earnings, above the industry P/E of 22.1×, and the shares are 32% below their 52-week high. Its ROCE of 7.9% is the lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 6.5% and 8.5% a year over 3 years. Its dividend yield is 1.8%. It is a small-cap company with a market cap of ₹27 Cr, ranked 182nd of 204 Specialty Chemicals companies by market cap; the shares fell 24% over the past year.
- ₹57.99
- ₹57.99
- ₹51.40
- ₹58.43
- 2.5K
Health check
- ReturnsBehind
−23.9% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 23.1 vs industry 22.1.
- GrowthSteady
Sales +6.5%, profit +8.5% a year over 3 years.
- ProfitabilityWeak
ROCE 7.9% vs peer median 24.4%.
- Balance sheetFair
Piotroski 8 of 9.
- Red flags3 to check
Return on equity is low at 5.4%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹27 Cr
- Small cap
- P/E
- 23.1
- Industry 22.1
- Price to book
- 0.60
- Peers 13.33
- Dividend yield
- 1.82%
- ROE
- 5.4%
- Peers 23.0%
- ROCE
- 7.9%
- Peers 24.4%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹2.38
- OPM (TTM)
- 3.3%
- Net margin 3.1%
- Sales growth
- +24.8%
- Latest quarter vs a year ago
- Profit growth
- −95.8%
- Latest quarter vs a year ago
- Price to sales
- 0.50
- EV/EBITDA 9.5
Strengths and risks
Strengths
- Quarterly sales up 24.8% on a year ago.
Risks to check
- Return on equity is low at 5.4%.
- Quarterly profit down 95.8% on a year ago.
- 32% below its 52-week high.
About Haryana Leather Chemicals
Haryana Leather Chemicals Limited manufactures and sells various performance chemicals for use in leather processing, footwear finishing, textile printing, pressure sensitive adhesives, and PVC additives in India and internationally. It offers syntans, such as replacement, multi-functional, filling protein, vegetable tannage-functional blends, penetrating bleaching pre-tanning, and dispersing neutralizing syntans; and acrylic retanning emulsions and fat…
- Headquarters
- Gurugram
- Employees
- 82
- Sector
- Basic Materials
- ISIN
- INE681F01018
- Website
- leatherchem.com
Price range
- Avg volume (3M)
- 894
- 1-year return
- minus 23.9%
- From 52-week high
- minus 32.2%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| HARLETHHaryana Leather Chemicals | 54.88 | minus 6.08% | 27 | 23.1 | 9.0 | 7.9% | 3.3% | – | 6.5% | minus 23.9% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 11.8 | 13.1 | 11.8 | 14.7 | 14.7 | |
| 11 | 12.2 | 11.2 | 14.1 | 15 | |
| 0.8 | 0.9 | 0.6 | 0.6 | −0.3 | |
| 6.8% | 6.6% | 5.3% | 4.1% | −2.1% | |
| 0.5 | 0.5 | 0.4 | 0.3 | 0.6 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | |
| – | −0.5 | – | 0 | – | |
| 1 | 0.5 | 0.8 | 0.7 | 0 | |
| 26.6% | 67.4% | 25.8% | 47.8% | – | |
| 0.7 | 0.2 | 0.6 | 0.4 | 0 | |
| 1.51 | 0.36 | 1.17 | 0.79 | 0.06 |
Profit & loss
- Sales CAGR 3Y
- +6.5%
- Profit CAGR 3Y
- +8.5%
- EPS CAGR 3Y
- +8.5%
- ROE
- 5.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 42.5 | 44.4 | 49 | 51.4 | |
| – | +4.6% | +10.4% | +4.8% | |
| 39.9 | 41.1 | 46.2 | 48.3 | |
| 2.6 | 3.3 | 2.8 | 3 | |
| 6.1% | 7.5% | 5.7% | 5.9% | |
| 1 | 1.1 | 1.5 | 1.5 | |
| 0 | 0.1 | 0 | 0.1 | |
| 0.8 | 0.9 | 0.9 | 0.9 | |
| −0.2 | 2.2 | −0 | 0 | |
| 2.5 | 5.6 | 3.3 | 3.6 | |
| 26.6% | 18.2% | 31.1% | 33.5% | |
| 1.9 | 4.6 | 2.3 | 2.4 | |
| – | +148.2% | minus 50.2% | +3.3% | |
| 3.79 | 9.41 | 4.69 | 4.84 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.9 | 4.9 | 4.9 | 4.9 | |
| 32.1 | 36.2 | 38 | 39.9 | |
| 0.6 | 0.3 | 0.7 | 0.9 | |
| 5.3 | 6.8 | 6.8 | 6.4 | |
| 42.9 | 48.2 | 50.4 | 52.1 | |
| 15.1 | 14.5 | 14.9 | 14.5 | |
| 0.1 | 0.2 | 0 | 0 | |
| 12.1 | 11.2 | 12.3 | 9.7 | |
| 0.5 | 2 | 0.3 | 0.7 | |
| 14.9 | 20.4 | 22.8 | 27.1 | |
| 42.9 | 48.2 | 50.4 | 52.1 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1.9 | 7.9 | 0.2 | 4.7 | |
| −1 | −0.7 | −1.8 | −1 | |
| 0.6 | −0.4 | 0.4 | 0.1 | |
| −2.3 | 6.9 | −1.3 | 3.8 | |
| −1 | −1.2 | −1.4 | −0.5 | |
| −3 | 6.7 | −1.2 | 4.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.