CMP: 14

Haryana Leather Chemicals is a chemical research and manufacturing facility for a comprehensive range of specialty chemicals and coatings for leather, textile, footwear, and a wide range of adhesives.

Haryana Leather Chemicals is a 7 Crore penny cap stock. Its currently trading at a P/E of little below 5 with strong dividend yields of over 4% in the last 12 months. Minimal liability with strong cash & cash equivalents. Revenues have been steady and risen from 24 Crores to 35 Crores in the last 5 years. Profits have fluctuated between a Crore and 3 Crores in the last 5 years. Its poised well to grow. Buy with minimal exposure and hold for long term gains.