Hariyana Ship Breakers
- Market cap
- ₹ 57 Cr.
- P/E
- 3.2x
- P/B
- 0.39x
- 52-week range
- 84.5 – 108
- ROE
- 7%
- ROCE
- 11.8%
- Dividend yield
- 0%
- Debt / equity
- 0.03
- Sector
- Industrial Manufacturing
- Industry
- Ship Building & Allied Services
- Listed on
- NSE, BSE
About
Hariyana Ship-Breakers Limited is an India-based company, which is engaged in the business of ship breaking, trading and investment activities. The Company's segments include Mumbai, Bhavnagar, and Industrial Oxygen & Trading. It is engaged in the ship recycling activities at Alang-Sosiya, Ship Recycling Yard, Dist. Bhavnagar (Gujarat). It is engaged in the trading in hot-rolled (HR) Coils. The Company, through its subsidiary, Hariyana Air Products, is engaged in the manufacturing of industrial oxygen. Its other gases manufactured, such as nitrogen caters to the demand from other industries in the nearby areas at Mamsa, Sihor, Bhavnagar. The Company is engaged in real estate development activities. It has undertaken projects in Mumbai and Bangalore. Its associates include Goyal Hariyana Realty, Orchid Lakeview Developers, Whitefield Projects, Swastik Developers, Goyal and Company (Construction) Pvt Ltd and Goyal Hariyana Construction.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Ship Building & Allied Services: 5 companies →Hariyana Ship Breakers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)3.2 against a typical 28.5: cheaper than most peers (1st = cheapest).1st of 5
- Profit growth+548.5% against a typical +285.1% from a year earlier.2nd of 4
- Size₹ 57 Cr. market value against a typical ₹ 14,346.4 Cr. (1st = largest).5th of 5
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BB by Acuite- Acuite lowered its rating on 19 Mar 2026.
- The company stopped sharing information with CRISIL.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Acuite | ACUITE BB | Stable | 19 Mar 2026 |
| CRISIL | Crisil B+(Issuer Not Cooperating) | Stable | 25 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 19 Mar 2026 | ▼ Downgrade | ACUITE BB | — | Acuite | ₹ 225 Cr. | |
| 25 Sep 2025 | Reaffirmed | Crisil B+(Issuer Not Cooperating) | — | CRISIL | ₹ 400 Cr. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 91 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 |
| Expenses | 89 | −0 | 1 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 0 |
| Operating Profit | 2 | 1 | −1 | −0 | −0 | −1 | −1 | −0 | 1 | 2 | −1 | −0 |
| OPM % | 2.4% | 106.6% | −100% | −150% | — | — | — | — | 78.5% | 81.8% | — | — |
| Other Income | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 7 | −7 | 6 |
| Interest | 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 |
| Profit before tax | 6 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 3 | 8 | −9 | 5 |
| Tax % | 3.6% | 33.6% | 63.6% | 36.1% | 31% | 31.8% | 32.4% | 29.2% | 20.3% | 18.5% | 0.7% | 10.9% |
| Net Profit | 6 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 7 | −9 | 4 |
| EPS in Rs | 9.6 | 1.2 | 0.06 | 0.37 | 0.79 | 0.68 | 0.75 | 1.1 | 3.65 | 11.06 | −15.18 | 7.15 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −37%
- 5 Years
- −53%
- 3 Years
- −60%
- TTM
- 1,567%
- 10 Years
- 9%
- 5 Years
- 2%
- 3 Years
- 38%
- TTM
- 740%
- 10 Years
- 4%
- 5 Years
- −2%
- 3 Years
- 7%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 3%
- 3 Years
- 4%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Hariyana Ship Breakers | ₹ 87.00 | ₹ 57 Cr. | 3.2x | 0.4x | 7% | — |
| Eco Recycling | ₹ 383.40 | ₹ 740 Cr. | 42x | 8.7x | 23.3% | 47.5% |
| Concord Enviro Systems | ₹ 231.60 | ₹ 479 Cr. | 28.1x | 1.1x | 3.2% | 3.2% |
| Organic Recycling Systems | ₹ 201.15 | ₹ 314 Cr. | 9.5x | 1.6x | 20.3% | 24% |
| Siyaram Recycling Industries | ₹ 32.75 | ₹ 72 Cr. | 23.2x | 0.7x | 3% | 1.1% |
| GEM Enviro Management | ₹ 35.00 | ₹ 79 Cr. | 17.9x | 1.6x | 9.2% | 4.6% |
Management
- Sanjeev Shantisarup Reniwal
- Chief Executive Officer
- Kirti S. Desai
- Chief Financial Officer
- Pooja Rajendra Yadav
- Company Secretary, Compliance Officer
- Rakesh Shantisarup Reniwal
- Managing Director, Additional Executive Director
- Shantisarup Ramkumar Reniwal
- Managing Director, Executive Director
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