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Haryana Leather Chemicals Limited (524080) Fair Value & Analysis

Basic Materials · IN · Market cap ₹134M

HL Haryana Leather Chemicals Limited 524080 · BSE
Price₹64.00
Fair Value₹82.33
Upside+28.6%
Quality63/100
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Evidence: High Range ₹61.74 – ₹102.91

Fair value as of: Jul 4, 2026

From 25 valuation models · updated today

Share price −3.1% over the past month.

Price vs Fair Value (12 months)

₹85.44 ₹50.48 Fair Value ₹82.33 Jul 2025 Jul 2026

12‑month range ₹50.48 – ₹85.44 · fair‑value band ₹61.74 – ₹102.91 · the ₹64.00 price screens below the ₹82.33 fair value. As of Jul 4, 2026.

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Analysis

Haryana Leather Chemicals Limited (524080) currently trades at ₹64.00, while our model-based Fair Value estimate is ₹82.33 — implying the stock looks roughly 28.6% undervalued today. We read business quality at 63/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Haryana Leather Chemicals Limited generated revenue of ₹283M at a net margin of 6.2%. Revenue declined 4.8% year over year. It earns a return on equity of 5.4%. Net debt stands at ₹4.1M. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) ₹283M
Revenue growth (YoY) -4.8%
Net margin 6.2%
Return on equity 5.4%
Free cash flow ₹42.1M FY2026
P/E ratio 7.3
More key figures
Operating margin 4.8%
EPS (TTM) ₹3.57
EPS growth (YoY) -23.1%
Net debt ₹4.1M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

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. The company offers leather chemical products, including syntans, such as replacement, multi-functional, filling protein, penetrating bleaching pre-tanning, and dispersing neutralizing syntans, as well as vegetable tannage-functional blends and acrylic retanning emulsions; and fatliquors comprising soft and light weight, conventional, waterproofing, and automotive fatliquors, as well as emulsifiers, degreasers, and cationic fats. Its leather chemical products also comprise acrylic resins and binders, polyurethane binders, polyurethane top coats, protein binders, compacts, lacquers, fillers and waxes, touch modifiers, correction agents for defects, pull-up oils and auxiliaries, penetrators and levelling agents, cationic finishes, pigments and dye solutions, and specialty …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Haryana Leather Chemicals Limited reported revenue of ₹514M in FY2026 versus ₹389M in FY2022, a compound +7.2%/yr. Reported net income was ₹23.8M in FY2026, compounding +16.0%/yr from FY2022.

Revenue +7.2%/yr
FY22 ₹389M
FY23 ₹425M
FY24 ₹444M
FY25 ₹490M
FY26 ₹514M
Net income +16.0%/yr
FY22 ₹13.1M
FY23 ₹18.6M
FY24 ₹46.2M
FY25 ₹23.0M
FY26 ₹23.8M

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Frequently asked questions

Is Haryana Leather Chemicals Limited (524080) undervalued?
As of Jul 4, 2026, our model estimates a fair value of ₹82.33 versus a price of ₹64.00 — about +29% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 524080?
Our model-based fair value for Haryana Leather Chemicals Limited is ₹82.33 (as of Jul 4, 2026), built from audited fundamentals. The current price is ₹64.00.
What is the quality score of 524080?
Haryana Leather Chemicals Limited has a Quality Score of 63/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Haryana Leather Chemicals Limited (524080)?
Haryana Leather Chemicals Limited reported trailing-twelve-month revenue of about ₹283M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of 524080?
The net profit margin of Haryana Leather Chemicals Limited is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.