---
title: "Hartron Communication Ltd (517419) — Share Price, Financials & Analysis"
symbol: "517419"
company: "Hartron Communication Ltd"
canonical: "https://tapetide.com/stocks/517419"
bse_code: "517419"
generated_at: "2026-10-13T11:00:22.233Z"
---

# Hartron Communication Ltd (517419)

Canonical page: https://tapetide.com/stocks/517419

## Company

- **BSE Code:** 517419
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** hartron.in

## About

Hartron Communication Limited,incorporated in India, listed on the Bombay Stock Exchange Limited,  the company is engaged in a leading business process outsourcing company

## Latest Price

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 161 days to 125 days

### Weaknesses

- Company has low interest coverage ratio.
- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 0% | 11% | 6% |
| revenue growth | 11% | 15% | 10% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8.01 | 4.93 | 5.37 | 5.54 | 5.97 | 5.93 | 7.11 | 9.87 | 12.14 | 6.95 | 7.06 | 7.97 |
| Expenses | 7.65 | 3.44 | 2.34 | 2.67 | 4.76 | 6.1 | 5.48 | 5.57 | 8.1 | 1.93 | 3.47 | 2.74 |
| Operating Profit | 0.36 | 1.49 | 3.03 | 2.87 | 1.21 | -0.17 | 1.63 | 4.3 | 4.04 | 5.02 | 3.59 | 5.23 |
| OPM % | 4.49 | 30.22 | 56.42 | 51.81 | 20.27 | -2.87 | 22.93 | 43.57 | 33.28 | 72.23 | 50.85 | 65.62 |
| Other Income | 0 | 0.01 | 0 | 0.11 | 0.16 | 0.11 | 0.02 | 0.03 | 0.02 | 0 | 0 | 0 |
| Interest | 0.53 | 0.5 | 0.63 | 0.58 | 0.66 | 0.73 | 1.05 | 1.34 | 1.48 | 1.66 | 1.53 | 1.48 |
| Depreciation | 0.49 | 0.4 | 0.4 | 0.4 | 0.37 | 0.4 | 0.87 | 0.81 | 1 | 1.19 | 1.21 | 1.26 |
| Profit before tax | -0.66 | 0.6 | 2 | 2 | 0.34 | -1.19 | -0.27 | 2.18 | 1.58 | 2.17 | 0.85 | 2.49 |
| Tax % | -187.88 | 1.67 | 18.5 | 10 | -20.59 | -7.56 | -70.37 | 50 | -102.53 | 45.16 | 0 | 5.22 |
| Net Profit | 0.58 | 0.58 | 1.63 | 1.79 | 0.41 | -1.09 | -0.09 | 1.09 | 3.2 | 1.19 | 0.86 | 2.37 |
| EPS in Rs | 0.65 | 0.65 | 1.83 | 2.01 | 0.46 | -1.22 | -0.1 | 1.22 | 3.6 | 1.34 | 0.97 | 2.66 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5.71 | 9.46 | 14.19 | 13.28 | 21.17 | 33.12 | 21.76 | 35.05 | 30.08 | 33.35 |
| Expenses | 4.51 | 3.58 | 5.48 | 5.01 | 12.06 | 20.47 | 12.7 | 23.24 | 12.39 | 15.76 |
| Operating Profit | 1.2 | 5.88 | 8.71 | 8.27 | 9.11 | 12.65 | 9.06 | 11.81 | 17.69 | 17.59 |
| OPM % | 21.02 | 62.16 | 61.38 | 62.27 | 43.03 | 38.19 | 41.64 | 33.69 | 58.81 | 52.74 |
| Other Income | 0.2 | 0.4 | 0.22 | 0.17 | 0.2 | -2.47 | -0.21 | -1.83 | 0.07 | 0.34 |
| Interest | 0.15 | 2.49 | 2.88 | 1.84 | 2.61 | 2.27 | 2.35 | 4.6 | 6.69 | 6.9 |
| Depreciation | 0.28 | 0.77 | 1.27 | 1.29 | 1.36 | 1.69 | 1.58 | 3.08 | 4.8 | 4.72 |
| Profit before tax | 0.97 | 3.02 | 4.78 | 5.31 | 5.34 | 6.22 | 4.92 | 2.3 | 6.27 | 6.31 |
| Tax % | 13.4 | 13.58 | 23.64 | 9.42 | 9.36 | 17.2 | 14.02 | -45.22 | -1.59 | -1.27 |
| Net Profit | 0.84 | 2.61 | 3.65 | 4.81 | 4.84 | 5.15 | 4.23 | 3.34 | 6.38 | 6.38 |
| EPS in Rs | 0.94 | 2.93 | 4.1 | 5.4 | 5.44 | 5.79 | 4.75 | 3.75 | 7.17 | 7.17 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8.87 | 8.87 | 8.87 | 8.87 | 8.87 | 8.87 | 8.87 | 8.87 | 8.87 | 8.87 |
| Reserves | 1.72 | 4.13 | 7.8 | 12.62 | 17.46 | 22.96 | 27.2 | 26.38 | 32.72 | 39.25 |
| Borrowings | 18.63 | 35.35 | 29.67 | 24.39 | 30.54 | 36.26 | 60.4 | 57.38 | 76.53 | 117.44 |
| Other Liabilities | 2.35 | 1.62 | 4.08 | 3.72 | 4.25 | 7.7 | 8.35 | 28.14 | 8.99 | 9.21 |
| Total Liabilities | 31.57 | 49.97 | 50.42 | 49.6 | 61.12 | 75.79 | 104.82 | 120.77 | 127.11 | 174.77 |
| Fixed Assets | 7.63 | 44.08 | 42.4 | 41.54 | 41.76 | 39.57 | 38.16 | 91.83 | 97.52 | 96.66 |
| CWIP | 15.49 | 0 | 0 | 0 | 0 | 12.94 | 31.5 | 0 | 0 | 49.76 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.36 |
| Other Assets | 8.45 | 5.89 | 8.02 | 8.06 | 19.36 | 23.28 | 35.16 | 28.94 | 29.59 | 26.99 |
| Total Assets | 31.57 | 49.97 | 50.42 | 49.6 | 61.12 | 75.79 | 104.82 | 120.77 | 127.11 | 174.77 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.92 | 14.44 | 8.49 | 8.31 | 4.98 | 3.21 | 10.83 | 9.64 | 22.2 | 12.27 |
| Cash from Investing Activity | -14.69 | -21.64 | 0.62 | -0.26 | -1.36 | -12.44 | -19.24 | -30.25 | -10.49 | -55.78 |
| Cash from Financing Activity | 15.44 | 4.41 | -8.55 | -7.2 | 3.73 | 5.03 | 18.64 | 9.05 | -12.28 | 43.23 |
| Net Cash Flow | 1.67 | -2.79 | 0.56 | 0.85 | 7.35 | -4.2 | 10.23 | -11.56 | -0.57 | -0.27 |
| Free Cash Flow | -13.92 | -7.27 | 8.9 | 7.88 | 3.4 | -9.23 | -8.41 | -20.61 | 11.71 | -41.21 |
| CFO/OP | 77 | 246 | 97 | 100 | 55 | 25 | 120 | 82 | 125 | 70 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 89.49 | 35.11 | 19.03 | 21.16 | 10.86 | 14.55 | 17.28 | 8.33 | 12.98 | 5.36 |
| Inventory Days | — | — | — | — | 376.63 | 1344.16 | — | 1333.17 | — | — |
| Days Payable | — | — | — | — | 25.94 | 29.51 | — | 74.69 | — | — |
| Cash Conversion Cycle | 89.49 | 35.11 | 19.03 | 21.16 | 361.55 | 1329.2 | 17.28 | 1266.81 | 12.98 | 5.36 |
| Working Capital Days | 173.87 | 147 | 74.59 | 65.41 | 94.66 | 122.88 | 197.09 | 174.33 | 184.08 | 124.99 |
| ROCE % | 5.32 | 14.21 | 16.18 | 15.51 | 15.51 | 17.54 | 9.44 | 9.42 | 12.3 | 9.31 |

## Shareholding Pattern

### annual

| Category | Jun 2016 |
| --- | --- |
| Promoters | 68.91% |
| Public | 31.09% |
| No. of Shareholders | 15652 |

### Quarterly

| Category | Jun 2016 |
| --- | --- |
| Promoters | 68.91% |
| Public | 31.09% |
| No. of Shareholders | 15652 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 355.38 | Sell |
| EMA (10) | 351.85 | Sell |
| SMA (20) | 365.63 | Sell |
| EMA (20) | 364.24 | Sell |
| SMA (50) | 388.26 | Sell |
| EMA (50) | 379.84 | Sell |
| SMA (100) | 391.68 | Sell |
| EMA (100) | 395.03 | Sell |
| SMA (200) | 423.03 | Sell |
| EMA (200) | 426.07 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 24.15 | Buy |
| MACD (12,26,9) | -14.14 | Sell |
| Stochastic (14,3,3) | 9.85 | Buy |
| ADX (14) | 16.25 | Neutral |
| Williams %R (14) | -90.72 | Buy |
| ATR (14) | 13.58 | High Volatility |
| ROC (12) | -12.35 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 34.74 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2016-08-08 | [Board Meeting Intimation for Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7BBB54FA_234D_45A9_8909_54F9BADEC28C_194942.pdf) |
| 2016-08-08 | [Board Meeting Intimation for Results](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/8/7BBB54FA_234D_45A9_8909_54F9BADEC28C_194942.pdf) |
| 2016-07-13 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended June 30, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B39E0CA1_B483_422E_95B2_B836A5928229_112209.pdf) |
| 2016-07-13 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended June 30, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/7/B39E0CA1_B483_422E_95B2_B836A5928229_112209.pdf) |
| 2016-04-22 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended March 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40C789F0_9511_4EBD_9564_86CF9F106579_183105.pdf) |
| 2016-04-22 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended March 31, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/4/40C789F0_9511_4EBD_9564_86CF9F106579_183105.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:22.233Z.