Hariyana Ship Breakers Ltd Stock Price Today (NSE: HRYNSHP)
Fundamental Score
Hariyana Ship Breakers Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Hariyana Ship Breakers Ltd share price today is ₹105.00, up +4.17% on NSE/BSE as of 17 April 2026. Hariyana Ship Breakers Ltd (HRYNSHP) is a Small-cap company in the Ship Building & Allied Services sector with a market capitalisation of ₹68.73 (Cr). The 52-week high for HRYNSHP share price is ₹148.75 and the 52-week low is ₹82.25. At a P/E ratio of 18.04x, HRYNSHP is currently trading below its industry average P/E of 46.19x. The company has a Return on Equity (ROE) of 1.10% and a debt-to-equity ratio of 0.10.
Hariyana Ship Breakers Ltd Share Price Chart — NSE/BSE Historical Performance
AI Research Briefing
Powered by Gemini · 2026-04-09
Hariyana Ship Breakers is a micro-cap value trap fueled by unsustainable 'other income'.
⚡ WHAT'S HAPPENING NOW (last 2-4 weeks): Hariyana Ship Breakers' long-term bank facilities were downgraded by Acuité Ratings to 'ACUITE BB' from 'ACUITE BB+' for ₹25 crore due to subdued operating performance in FY25 and FY26 because of the absence of ships for dismantling. Trading window closed on April 1, 2026. Q3FY26 net profit surged 1509% to ₹681.89 lakhs compared to ₹42.38 lakhs in Q3FY24. Revenue from operations reached ₹219.61 lakhs from nil in the previous year. 🧠 CORE STORY (THE REAL GAME): This is not a ship-breaking story; it's a 'other income' story. The market is chasing headline profit growth, ignoring the unsustainable source. 🔥 WHAT IS DRIVING THE STOCK: 1. **Profitability Illusion**: Q3 FY26 net profit jumped 1523.81% YoY to ₹6.82Cr, but this is fueled by a surge in 'other income'. 2. **Low Sales**: Net sales are a meager ₹2.20 crores in Q3 FY26. 3. **Valuation**: P/E of 18.04x vs Industry P/E of 46.19x. ⚖️ BULL vs BEAR: Bull: Headline profit growth attracts momentum traders. Discounted valuation offers margin of safety. Bear: Core ship-breaking business is dead. 'Other income' is unsustainable. Downgraded credit rating signals financial stress. Micro-cap equals liquidity risk. 💣 WHAT MARKET IS PRICING: The market is pricing a turnaround based on headline earnings. Reality check will trigger a collapse. 🎯 BOTTOM LINE: Avoid. This micro-cap is a value trap masked by unsustainable profits. Get out before the music stops.
- Profitability illusion driven by non-operating income
- Downgraded credit rating signals financial stress
- Unsustainable core business
- Acuite Ratings further downgrading the company's credit rating
- Sharp drop in 'other income'
- Failure to secure new ship dismantling contracts
- Micro/SME cap equals liquidity risk
- Dependence on 'other income'
- Downgraded credit rating
No FII/DII activity. Promoter holding steady at 74.95%.
Tamil Nadu Shipbuilding Policy 2026 aims to attract VLCC and large shipyard investments, but Hariyana Ship Breakers is unlikely to benefit.
No. Free Cash Flow 5Y: ₹-21.14 Cr.
The company's future hinges on diversifying its revenue streams beyond ship-breaking, a challenging task given its limited success in the past. Expect continued volatility and potential downside as the market re-evaluates the sustainability of its earnings.
Primary Thesis Risk
Reliance on unsustainable 'other income' is the biggest thesis killer.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Hariyana Ship Breakers Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Hariyana Ship Breakers Share Price: A Financial Analysis of Industry Dominance
The Ship Building & Allied Services industry is currently experiencing a period of consolidation, with larger players potentially absorbing smaller, specialized firms like Hariyana Ship Breakers to expand their service offerings. This creates both opportunities and challenges. This financial analysis examines the current standing of Hariyana Ship Breakers Ltd, focusing on its key performance indicators and comparing it to industry peers. Specifically, we will analyze the current Hariyana Ship Breakers share price of ₹102.599998 and related metrics.
At its current price, Hariyana Ship Breakers share price reveals a Price-to-Earnings (PE) ratio of 18.04. This valuation metric, while seemingly reasonable, needs context against its peers. While a direct comparison to
Mazagon Dock Shipbuilders Limited requires a deeper dive into management quality and strategic direction (something beyond the scope of this abridged analysis), it highlights a crucial difference. Mazagon Dock, often perceived to have stronger management and a more diverse project portfolio, typically commands a higher PE multiple. This perception impacts investor confidence and ultimately share valuation. The PE comparison is further complicated by the fact that the other sector peers, Cochin Shipyard Limited and Laxmipati Engineering Works, also have different business models and levels of profitability.A significant concern for Hariyana Ship Breakers is its Return on Capital Employed (ROCE) of 3.2%. This relatively low ROCE directly impacts the company's economic moat, or lack thereof. A strong ROCE typically signifies a company's ability to generate profits from its capital investments. A low ROCE, such as Hariyana Ship Breakers' 3.2%, suggests that the company may struggle to generate substantial returns, potentially limiting its ability to reinvest in growth, innovate, or withstand competitive pressures. This makes it difficult to build a sustainable competitive advantage in the capital-intensive ship breaking industry.
In conclusion, while the Hariyana Ship Breakers share price reflects a certain market valuation, a deeper analysis reveals underlying concerns regarding its profitability and competitive positioning. This analysis is part of a larger, 80-parameter fundamental audit verified by Sweta Mishra. This is purely an observational analysis and not a buy/sell recommendation.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Hariyana Ship Breakers Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of HRYNSHP across key market metrics for learning purposes.
Positive Indicators
7 factors identified
Attractive Valuation (P/E: 18.04 vs Industry: 46.19)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Robust Profit Growth (359.18%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Excellent EPS Growth (17.44% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (17.44% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.10)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Balanced Promoter Holding (74.95%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
6 factors identified
Below-Average Return on Equity (1.10%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (3.20%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Margin Pressure Concerns (-0.55%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Limited Growth History (-72.20% CAGR)
Observation: Below-average 5-year sales growth trajectory.
Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.
Negative Free Cash Flow (₹-21.14 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Hariyana Ship Breakers Ltd Financial Statements
Comprehensive financial data for Hariyana Ship Breakers Ltd including income statement, balance sheet and cash flow
About HRYNSHP (Hariyana Ship Breakers Ltd)
Hariyana Ship Breakers Ltd is a multifaceted industrial entity operating within the shipbuilding and allied services sector, demonstrating a diverse portfolio that extends beyond t...he traditional image of ship dismantling. While the company's name evokes the core activity of ship breaking, its engagement encompasses a spectrum of trading and manufacturing activities. HRYNSHP strategically navigates the global marketplace, actively participating in the trading of essential components like hot rolled coils, a crucial material in construction and manufacturing. This involvement showcases the company's adaptability and its commitment to securing a strong foothold within the larger industrial ecosystem. Their business model reflects a dynamic approach to resource utilization and market responsiveness. Beyond the realm of materials trading, Hariyana Ship Breakers Ltd expands its industrial footprint through the manufacturing of industrial oxygen gas. This seemingly disparate activity highlights the company's diversification strategy, allowing it to capitalize on the demand for essential industrial gases used in various manufacturing processes. The production of oxygen gas represents a significant commitment to value-added manufacturing, moving beyond the pure trading of commodities. Further contributing to its intricate business model, HRYNSHP also engages in both trading and investment activities, demonstrating a proactive approach to capital management and strategic growth. This diversified financial engagement is key to their resilience. Furthermore, Hariyana Ship Breakers Ltd actively participates in the trading of metal scrap, underscoring its commitment to recycling and resource recovery within the industrial sector. This engagement reflects a growing awareness of sustainable practices and contributes to the circular economy. The company also trades in graphite electrodes, essential components used in steel manufacturing, and other industrial inputs, solidifying its position as a vital supplier within the manufacturing supply chain. Established in 1981 and headquartered in Mumbai, India, Hariyana Ship Breakers Ltd represents a dynamic and adaptable entity operating within the evolving landscape of shipbuilding and allied industrial services.
Company Details
Key Leadership
Corporate Events
HRYNSHP Share Price: Frequently Asked Questions
What is the current share price of Hariyana Ship Breakers Ltd (HRYNSHP)?
As of 17 Apr 2026, 05:47 am IST, Hariyana Ship Breakers Ltd share price is ₹105.00. The HRYNSHP stock has a market capitalisation of ₹68.73 (Cr) on NSE/BSE.
Is HRYNSHP share price Overvalued or Undervalued?
HRYNSHP share price is currently trading at a P/E ratio of 18.04x, compared to the industry average of 46.19x. Based on this relative valuation, the Hariyana Ship Breakers Ltd stock appears to be Undervalued against its sector peers.
What is the 52-week high and low of HRYNSHP share price?
The 52-week high of HRYNSHP share price is ₹148.75 and the 52-week low is ₹82.25. These values are updated daily from NSE/BSE price data.
What factors affect the Hariyana Ship Breakers Ltd share price?
Key factors influencing HRYNSHP share price include quarterly earnings growth (Sales Growth: N/A%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Hariyana Ship Breakers Ltd a good stock for long-term investment?
Hariyana Ship Breakers Ltd shows a 5-year Profit Growth of 17.44% and an ROE of 1.10%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.10 before investing in HRYNSHP shares.
How does Hariyana Ship Breakers Ltd compare with its industry peers?
Hariyana Ship Breakers Ltd competes with major peers in the Ship Building & Allied Services. Investors should compare HRYNSHP share price P/E of 18.04x and ROE of 1.10% against the industry averages to determine competitive standing.
What is the P/E ratio of HRYNSHP and what does it mean?
HRYNSHP share price has a P/E ratio of 18.04x compared to the industry average of 46.19x. Investors pay ₹18 for every ₹1 of annual earnings.
How is HRYNSHP performing according to Bull Run's analysis?
HRYNSHP has a Bull Run fundamental score of 40/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does HRYNSHP belong to?
HRYNSHP operates in the Ship Building & Allied Services industry. This classification helps understand the competitive landscape and sector-specific trends affecting Hariyana Ship Breakers Ltd share price.
What is Return on Equity (ROE) and why is it important for HRYNSHP?
HRYNSHP has an ROE of 1.10%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Hariyana Ship Breakers Ltd generates profits from shareholders capital.
How is HRYNSHP debt-to-equity ratio and what does it indicate?
HRYNSHP has a debt-to-equity ratio of 0.10, which indicates conservative financing with low financial risk.
What is HRYNSHP dividend yield and is it a good dividend stock?
HRYNSHP offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Hariyana Ship Breakers Ltd shares.
How has HRYNSHP share price grown over the past 5 years?
HRYNSHP has achieved 5-year growth rates of: Sales Growth -72.20%, Profit Growth 17.44%, and EPS Growth 17.44%.
What is the promoter holding in HRYNSHP and why does it matter?
Promoters hold 74.95% of HRYNSHP shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Hariyana Ship Breakers Ltd.
What is HRYNSHP market capitalisation category?
HRYNSHP has a market capitalisation of ₹69 crores, placing it in the Small-cap category.
How volatile is HRYNSHP stock?
HRYNSHP has a beta of N/A. A beta > 1 suggests the Hariyana Ship Breakers Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is HRYNSHP operating profit margin trend?
HRYNSHP has a 5-year average Operating Profit Margin (OPM) of -0.55%, indicating the company's operational efficiency.
How is HRYNSHP quarterly performance?
Recent quarterly performance shows Hariyana Ship Breakers Ltd YoY Sales Growth of N/A% and YoY Profit Growth of 359.18%.
What is the institutional holding pattern in HRYNSHP?
HRYNSHP has FII holding of 0.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Hariyana Ship Breakers Ltd stock.