---
title: "Harita Seating Systems Ltd(Merged) (HARITASEAT) — Share Price, Financials & Analysis"
symbol: "HARITASEAT"
company: "Harita Seating Systems Ltd(Merged)"
canonical: "https://tapetide.com/stocks/HARITASEAT"
sector: "Consumer Discretionary"
industry: "Auto Components"
generated_at: "2026-09-13T19:38:03.649Z"
---

# Harita Seating Systems Ltd(Merged) (HARITASEAT)

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

## Company

- **Sector:** Consumer Discretionary
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** haritaseating.com

## About

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)

## Latest Price

## Key Insights

### Weaknesses

- 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 Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -58% | -20% | 9% |
| revenue growth | -26% | 2% | 5% |

## Financial Statements

### Quarterly Results

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

| Item | 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 |
| Profit before tax | 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

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

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 566 | 527 | 512 | 579 | 637 | 711 | 863 | 975 | 744 | 597 |
| Expenses | 521 | 486 | 475 | 542 | 586 | 646 | 782 | 897 | 691 | 554 |
| Operating Profit | 45 | 42 | 37 | 36 | 51 | 64 | 82 | 78 | 52 | 43 |
| OPM % | 8 | 8 | 7 | 6 | 8 | 9 | 9 | 8 | 7 | 7 |
| Other Income | 2 | 1 | 1 | 4 | 7 | 4 | 9 | 10 | 6 | 6 |
| Interest | 9 | 8 | 7 | 6 | 2 | 1 | 2 | 4 | 5 | 2 |
| Depreciation | 14 | 13 | 14 | 13 | 14 | 15 | 18 | 23 | 27 | 25 |
| Profit before tax | 24 | 22 | 18 | 22 | 43 | 52 | 70 | 60 | 27 | 22 |
| Tax % | 12 | 42 | 33 | 33 | 25 | 30 | 30 | 33 | 7 | — |
| Net Profit | 21 | 12 | 12 | 15 | 32 | 37 | 49 | 40 | 25 | 16 |
| EPS in Rs | 20.29 | 14.87 | 10 | 11.38 | 33.24 | 36.22 | 48.26 | 36.91 | 17.69 | 9.28 |
| Dividend Payout % | 17 | 17 | 15 | 22 | 18 | 14 | 12 | 16 | 0 | — |

### Balance Sheet

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

| Item | 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 |
| Reserves | 37 | 50 | 59 | 65 | 70 | 89 | 111 | 147 | 171 | 184 |
| Borrowings | 52 | 63 | 54 | 53 | 36 | 5 | 11 | 22 | 32 | 22 |
| Other Liabilities | 213 | 177 | 177 | 180 | 205 | 203 | 232 | 290 | 318 | 249 |
| Total Liabilities | 309 | 297 | 297 | 305 | 319 | 305 | 362 | 466 | 528 | 463 |
| Fixed Assets | 140 | 138 | 135 | 132 | 124 | 113 | 136 | 152 | 222 | 233 |
| CWIP | 3 | 0 | 5 | 1 | 2 | 2 | 3 | 9 | 19 | 3 |
| Investments | 3 | 3 | 3 | 2 | 2 | 14 | 15 | 8 | 1 | 3 |
| Other Assets | 164 | 156 | 155 | 171 | 191 | 176 | 208 | 298 | 285 | 224 |
| Total Assets | 309 | 297 | 297 | 305 | 319 | 305 | 362 | 466 | 528 | 463 |

### Cash Flow

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

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 13 | -5 | 32 | 34 | 15 | 54 | 38 | 35 | 117 | 35 |
| Cash from Investing Activity | -17 | -9 | -14 | -5 | -2 | -15 | -36 | -38 | -104 | -18 |
| Cash from Financing Activity | 18 | 0 | -22 | -26 | -9 | -39 | -5 | -2 | -5 | -16 |
| Net Cash Flow | 14 | -14 | -4 | 3 | 3 | 1 | -2 | -6 | 8 | 1 |
| Free Cash Flow | -3 | -14 | 18 | 27 | 12 | 51 | -1 | -4 | 13 | 17 |
| CFO/OP | 85 | -1 | 83 | 105 | 70 | 121 | 87 | 66 | 172 | 81 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 77 | 60 | 66 | 72 | 77 | 65 | 68 | 92 | 72 | 67 |
| Inventory Days | 27 | 21 | 22 | 24 | 24 | 24 | 24 | 30 | 26 | 35 |
| Days Payable | 116 | 83 | 84 | 82 | 85 | 79 | 88 | 110 | 102 | 95 |
| Cash Conversion Cycle | -12 | -2 | 4 | 14 | 15 | 10 | 4 | 13 | -4 | 7 |
| Working Capital Days | -13 | -13 | -6 | -4 | 8 | 17 | 17 | 26 | 5 | 18 |
| ROCE % | 3 | 19 | 17 | 13 | 15 | 24 | 28 | 32 | 24 | 11 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 66.35% | 66.22% | 66.22% | 66.22% | 66.22% |
| DIIs | 8.72% | 8.74% | 1.07% | 7.08% | 6.1% |
| Public | 24.93% | 25.04% | 32.71% | 26.7% | 27.68% |
| No. of Shareholders | 7033 | 7886 | 9964 | 8210 | 7565 |

### Quarterly

| Category | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.22% | 66.22% | 66.22% | 66.22% | 66.22% | 66.22% | 66.22% | 66.22% | 66.22% | 66.22% | 66.22% | 66.22% |
| DIIs | 8.74% | 8.89% | 0.81% | 0.7% | 1.07% | 1.37% | 1.97% | 2.45% | 7.08% | 6.67% | 6.61% | 6.1% |
| Public | 25.04% | 24.88% | 32.96% | 33.09% | 32.71% | 32.41% | 31.81% | 31.31% | 26.7% | 27.11% | 27.17% | 27.68% |
| No. of Shareholders | 7886 | 7755 | 9853 | 10188 | 9964 | 9664 | 9053 | 8746 | 8210 | 8075 | 7914 | 7565 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 4 / 6

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 9.77 | Sell |
| EMA (10) | 9.7 | Sell |
| SMA (20) | 9.85 | Sell |
| EMA (20) | 9.51 | Sell |
| SMA (50) | 8.23 | Buy |
| EMA (50) | 8.82 | Buy |
| SMA (100) | 8.17 | Buy |
| EMA (100) | 8.62 | Buy |
| SMA (200) | 9.07 | Buy |
| EMA (200) | 9.13 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 48.76 | Neutral |
| MACD (12,26,9) | 0.36 | Sell |
| Stochastic (14,3,3) | 33.77 | Neutral |
| ADX (14) | 33.06 | Buy |
| Williams %R (14) | -95.2 | Buy |
| ATR (14) | 0.62 | High Volatility |
| ROC (12) | -9.44 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 38.82 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 27 Feb 2021 - Harita Seating Systems Ltd has informed BSE regarding "Information under Regulation 30 of the SEBI (LODR) Regulations, 2015". | [Information under Regulation 30 of the SEBI (LODR) Regulations, 2015 27 Feb 2021 - Harita Seating Systems Ltd has informed BSE regarding "Information under Regulation 30 of the SEBI (LODR) Regulations, 2015".](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1899CE95-720F-414C-BB55-5500C757C3D1-201701.pdf) |
| 27 Feb 2021 - Harita Seating Systems Ltd has informed BSE regarding "Information under Regulation 30 of the SEBI (LODR) Regulations, 2015". | [Information under Regulation 30 of the SEBI (LODR) Regulations, 2015 27 Feb 2021 - Harita Seating Systems Ltd has informed BSE regarding "Information under Regulation 30 of the SEBI (LODR) Regulations, 2015".](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1899CE95-720F-414C-BB55-5500C757C3D1-201701.pdf) |
| — | [Record Date for Scheme of Amalgamation 8 Apr 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C355E321-E50F-4203-BF1E-6796AB847820-154104.pdf) |
| — | [Record Date for Scheme of Amalgamation 8 Apr 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/C355E321-E50F-4203-BF1E-6796AB847820-154104.pdf) |
| — | [Update on Composite Scheme of Amalgamation 13 Mar 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=FD9CC6E9-D3BB-466E-8283-F2F71149555E-155130.pdf) |
| — | [Update on Composite Scheme of Amalgamation 13 Mar 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/FD9CC6E9-D3BB-466E-8283-F2F71149555E-155130.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_HARITASEAT_2010_2010_13062011100525.zip) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/590043/5900430316.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/590043/5900430314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/590043/5900430313.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/590043/5900430311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/590043/5900430310.pdf) |

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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 2026-09-13T19:38:03.649Z.