Haryana Leather Chemicals Ltd

Haryana Leather Chemicals Ltd (524080)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return9.6 %
3 Month Return7.62 %
1 Year Return-13.78 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 296
Rank 300
Rank 319
Dividend Yield
Rank 180
Rank 342
Price To Book Ratio
Rank 260
Debt To Asset
Rank 319

Company Information

Incorporated on 22 Jan.85 and commencing business on 22 Apr.85 Haryana Leather Chemicals HLCL is promoted by N K Jain and the Haryana State Industrial Development Corporation HSIDC. HLCL came out with a public issue in Sep.88 to finance its Rs 4.67cr project to manufacture a wide range of leather chemicals and auxiliaries cap. : 1510 tpa. It issued right shares in Oct.92 to finance the exportoriented expansion programme. Located in Jind Haryana it went on stream in Apr.88. Leather chemicals are used for leather finishing. The companys products include fat liquors and finishing chemicals such as binders pigments waxes feel modifiers lacquers etc. It has entered into technical collaborations with two internationally reputed European companies A Smit and Zoon Holland for fat liquors and ICAP Industria Chimica Italy for finishing chemicals. It has entered into a collaboration with Forbo Helmitin Germany to manufacture speciality shoe adhesives.HLCL commenced commercial production of crosslinking acrylic binders in 199495 mainly for export. The company has decided to diversify into the field of high performance pressure sensitive adhesive for packaging industry for this a technology transfer agreement has already been executed by the company with M/s ICAP Sira Chemicals Polymers SpA Italy. The company has also started manufacturing Polyurethane Lacquer for Synthetic Sole in collaboration with SIVAM Italy. During 19992000 the company has started production of PSA Pressure Sensitive Adhesive as per the agreement concluded with ICAPSIRA due to this additional product range the capacity utilisation of Acrylic plant will be optimised. Technology transfer agreement has been concluded with M/s Vismon Barcelona Spain to meet with the demands of light weight and waterproof leather.In 20002001 the company has undertaken a major expansion to add synthetic tanning agent to its range of products in view of the emerging demand of the synthetic tanning agents.The new range of Fatliquor has been widely accepted. The company plans to produce syntans and hope to commence production by December2003.
OrganisationHaryana Leather Chemicals Ltd