Haryana Leather Chemicals Limited (524080) Fair Value & Analysis
Basic Materials · IN · Market cap ₹134M
Fair value as of: Aug 16, 2026
From 25 valuation models · updated 3 days ago
A solid business, screening 37% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹61.74). The market is more pessimistic than our downside scenario.
- Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.
How to read this chart
60‑month range ₹26.83 – ₹117.28 · fair‑value band ₹61.74 – ₹102.91 · the ₹60.05 price screens below the ₹82.33 fair value. Dashed = 300-day average. As of Aug 16, 2026.
Analysis
Haryana Leather Chemicals Limited (524080) currently trades at ₹60.05, while our model-based Fair Value estimate is ₹82.33, implying the stock looks roughly 37.1% undervalued today. The Quality Score stands at 69/100 (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 Aug 16, 2026
Our scenario range runs from ₹61.74 (bear case) to ₹102.91 (bull case); at ₹60.05, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 37%, 524080 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: DCF Models (₹95.74) versus Dividend Discount (₹9.37). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 41
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
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.
Full company description
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 finishes. The company also provides PVC additives consisting of acrylic impact modifiers, acrylic processing aids, lubricating acrylic processing aids, and PVC foaming regulator cum processing aids; and footwear finishes, such as brushable creams, self-polishing creams, feel modifier creams, solid waxes, wax based aqueous dressings, resin and NC based dressings, adhesion promoters, revivers, pull up oils and crazy finishes, rectification oils and resins, water repelling agents, coloring dyes, repairers?pigments, detergents and cleaners, and special products. In addition, it offers textile binders comprising polyurethane and acrylic emulsions; aqueous systems and solvent adhesive systems involves industrial tapes, labels, stock rolls, surgical tapes, holographic labels, and film bonding. The company also exports its products. Haryana Leather Chemicals Limited was founded in 1985 and is based in Gurugram, India.
Company description, as reported by the company or data provider.
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.
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Peer Group
Specialty Chemicals · 670 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $479.43 | $222.03 | -54% |
| Wanhua Chemical Group 600309 | ¥75.06 | ¥68.03 | -9% |
| Novozymes A/S NSISB | kr 416.10 | kr 170.02 | -59% |
| Asian Paints Limited ASIANPAINT | ₹2,630 | ₹696.23 | -74% |
| Solar Industries India Limited SOLARINDS | ₹18,730 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,702 | ₹351.84 | -79% |
| PT Chandra Asri Pacific Tbk TPIA | 2,160 IDR | 2,322 IDR | +8% |
| Berger Paints India Limited BERGEPAINT | ₹541.00 | ₹156.35 | -71% |
| Gujarat Fluorochemicals Limited FLUOROCHEM | ₹4,566 | ₹836.47 | -82% |
| Himadri Speciality Chemical Limited HSCL | ₹778.15 | ₹248.63 | -68% |
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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.
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