Harita Seating Systems Ltd(Merged)
Harita Seating Systems Ltd(Merged)
Consumer Discretionary DelistedTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
2- The company has delivered a poor sales growth of 5.14% over past five years.
- Dividend payout has been low at 9.53% of profits over last 3 years
Growth Rate
Quarterly Results
| Particulars | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 235 | 283 | 243 | 214 | 232 | 180 | 178 | 155 | 51 | 167 | 225 |
| Expenses | 223 | 267 | 225 | 183 | 222 | 169 | 166 | 136 | 64 | 154 | 201 |
| Operating Profit | 12 | 17 | 17 | 31 | 10 | 11 | 12 | 19 | -13 | 13 | 24 |
| OPM % | 5% | 6% | 7% | 14% | 4.1% | 6% | 7% | 12% | -25% | 8% | 11% |
| Other Income | 2 | 0 | 5 | 3 | 1 | 2 | 2 | 1 | 1 | 1 | 2 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 5 | 5 | 6 | 6 | 8 | 7 | 7 | 5 | 6 | 7 | 7 |
| PBT | 9 | 10 | 16 | 26 | 2 | 5 | 6 | 14 | -19 | 7 | 19 |
| Tax % | 32% | 58% | 10% | 38% | 89% | -61% | 13% | 16% | -16% | 22% | 24% |
| Net Profit | 6 | 4 | 14 | 16 | 0 | 8 | 5 | 12 | -16 | 6 | 14 |
| EPS in Rs | 5.77 | 5.19 | 12.31 | 13.64 | -1.51 | 5.55 | 4.27 | 9.38 | -14.55 | 1.27 | 13.18 |
Profit & Loss
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 196 | 308 | 458 | 566 | 527 | 512 | 579 | 637 | 711 | 863 | 975 | 744 | 597 |
| Expenses | 195 | 297 | 438 | 521 | 486 | 475 | 542 | 586 | 646 | 782 | 897 | 691 | 554 |
| Operating Profit | 1 | 12 | 19 | 45 | 42 | 37 | 36 | 51 | 64 | 82 | 78 | 52 | 43 |
| OPM % | 0.7% | 3.8% | 4.2% | 8% | 8% | 7% | 6% | 8% | 9% | 9% | 8% | 7% | 7% |
| Other Income | 2 | 2 | 2 | 2 | 1 | 1 | 4 | 7 | 4 | 9 | 10 | 6 | 6 |
| Interest | 4 | 13 | 9 | 9 | 8 | 7 | 6 | 2 | 1 | 2 | 4 | 5 | 2 |
| Depreciation | 7 | 16 | 15 | 14 | 13 | 14 | 13 | 14 | 15 | 18 | 23 | 27 | 25 |
| PBT | -8 | -15 | -3 | 24 | 22 | 18 | 22 | 43 | 52 | 70 | 60 | 27 | 22 |
| Tax % | 13% | -21% | -14% | 12% | 42% | 33% | 33% | 25% | 30% | 30% | 33% | 7% | — |
| Net Profit | -9 | -12 | -3 | 21 | 12 | 12 | 15 | 32 | 37 | 49 | 40 | 25 | 16 |
| EPS in Rs | -11.44 | -12.65 | -4.83 | 20.29 | 14.87 | 10 | 11.38 | 33.24 | 36.22 | 48.26 | 36.91 | 17.69 | 9.28 |
| Div. Payout % | 0% | 0% | 0% | 17% | 17% | 15% | 22% | 18% | 14% | 12% | 16% | 0% | — |
Balance Sheet
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 21 | 41 | 37 | 50 | 59 | 65 | 70 | 89 | 111 | 147 | 171 | 184 |
| Borrowings | 102 | 54 | 52 | 63 | 54 | 53 | 36 | 5 | 11 | 22 | 32 | 22 |
| Other Liabilities | 48 | 154 | 213 | 177 | 177 | 180 | 205 | 203 | 232 | 290 | 318 | 249 |
| Total Liabilities | 178 | 258 | 309 | 297 | 297 | 305 | 319 | 305 | 362 | 466 | 528 | 463 |
| Fixed Assets | 80 | 142 | 140 | 138 | 135 | 132 | 124 | 113 | 136 | 152 | 222 | 233 |
| CWIP | 0 | 0 | 3 | 0 | 5 | 1 | 2 | 2 | 3 | 9 | 19 | 3 |
| Investments | 3 | 2 | 3 | 3 | 3 | 2 | 2 | 14 | 15 | 8 | 1 | 3 |
| Other Assets | 96 | 113 | 164 | 156 | 155 | 171 | 191 | 176 | 208 | 298 | 285 | 224 |
| Total Assets | 178 | 258 | 309 | 297 | 297 | 305 | 319 | 305 | 362 | 466 | 528 | 463 |
Cash Flow
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -33 | 52 | 13 | -5 | 32 | 34 | 15 | 54 | 38 | 35 | 117 | 35 |
| Investing | -31 | -64 | -17 | -9 | -14 | -5 | -2 | -15 | -36 | -38 | -104 | -18 |
| Financing | 71 | 9 | 18 | 0 | -22 | -26 | -9 | -39 | -5 | -2 | -5 | -16 |
| Net Cash Flow | 7 | -4 | 14 | -14 | -4 | 3 | 3 | 1 | -2 | -6 | 8 | 1 |
| Free Cash Flow | -65 | -12 | -3 | -14 | 18 | 27 | 12 | 51 | -1 | -4 | 13 | 17 |
| CFO/OP | -2,466 | 452 | 85 | -1 | 83 | 105 | 70 | 121 | 87 | 66 | 172 | 81 |
Ratios
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 112 | 85 | 77 | 60 | 66 | 72 | 77 | 65 | 68 | 92 | 72 | 67 |
| Inventory Days | 22 | 22 | 27 | 21 | 22 | 24 | 24 | 24 | 24 | 30 | 26 | 35 |
| Days Payable | 88 | 177 | 116 | 83 | 84 | 82 | 85 | 79 | 88 | 110 | 102 | 95 |
| Cash Conversion Cycle | 46 | -70 | -12 | -2 | 4 | 14 | 15 | 10 | 4 | 13 | -4 | 7 |
| Working Capital Days | 79 | -11 | -13 | -13 | -6 | -4 | 8 | 17 | 17 | 26 | 5 | 18 |
| ROCE % | — | -1% | 3% | 19% | 17% | 13% | 15% | 24% | 28% | 32% | 24% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY04–FY20.
Documents
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Company Information
Harita Seating Systems its provides complete seating solutions for driver and cabin seating for commercial vehicles, tractors and construction equipment, as well as passenger seats for buses across all segments and has established itself as a leader in these segments in the country.(Source : 201903 Annual Report Page No: 09)
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