Haryana Leather Chemicals Faces Evaluation Shift Amid Weak Long-Term Financial Indicators

Haryana Leather Chemicals, a microcap player in the commodity chemicals sector, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the underlying technical trends observed in the stock's performance metrics.
The stock's current price stands at 82.85, down from a previous close of 85.44, with a 52-week high of 124.00 and a low of 56.00. Over the past week, the stock has shown a return of 0.42%, while the one-month return is notably higher at 21.25%. However, the year-to-date performance indicates a decline of 3.71%, and the one-year return reveals a more significant drop of 29.79%.

Key financial indicators suggest a weak long-term fundamental strength, with an average Return on Equity (ROE) of 5.83%. The company's net sales have grown at an annual rate of 11.00% over the past five years, while operating profit growth stands at 11.57%. Additionally, the company's ability to service its debt appears limited, as indicated by a low EBIT to Interest ratio of 1.96.

Overall, the recent evaluation adjustment for Haryana Leather Chemicals highlights the complexities of its market position and financial health.

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