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Last Updated on: 18 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 542682 | NSE: HARISH

Harish Textile Engineers Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 4:39 pm

Market Cap 30.4 Cr.
Current Price 91.3
High / Low102/42.7
Stock P/E
Book Value 27.8
Dividend Yield0.00 %
ROCE10.8 %
ROE2.98 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Harish Textile Engineers Ltd

Competitors of Harish Textile Engineers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HLE Glascoat Ltd 2,548 Cr. 373582/35085.3 63.20.29 %13.1 %8.62 % 2.00
Harish Textile Engineers Ltd 30.4 Cr. 91.3102/42.7 27.80.00 %10.8 %2.98 % 10.0
Disa India Ltd 2,626 Cr. 18,05720,900/12,65256.4 1,7801.11 %25.9 %19.2 % 10.0
Cranex Ltd 86.2 Cr. 144190/47.045.9 19.50.00 %10.1 %14.9 % 10.0
Concord Control Systems Ltd 1,037 Cr. 1,7342,062/53868.8 91.10.00 %72.8 %60.3 % 10.0
Industry Average11,200.77N/A52.22N/AN/A20.3215.63N/A

All Competitor Stocks of Harish Textile Engineers Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales20.5824.8032.0129.4829.6930.0926.6130.0528.3832.5234.3335.8230.76
Expenses19.0924.1129.9326.4128.3728.4825.6227.6826.9030.5431.9136.2229.58
Operating Profit1.490.692.083.071.321.610.992.371.481.982.42-0.401.18
OPM %7.24%2.78%6.50%10.41%4.45%5.35%3.72%7.89%5.21%6.09%7.05%-1.12%3.84%
Other Income0.120.120.200.020.160.230.020.860.290.110.061.030.11
Interest0.950.991.051.911.271.251.441.311.251.161.771.280.71
Depreciation0.560.460.600.600.640.570.530.470.500.520.440.410.41
Profit before tax0.10-0.640.630.58-0.430.02-0.961.450.020.410.27-1.060.17
Tax %-110.00%-20.31%46.03%-18.97%-16.28%-100.00%1.04%15.17%-100.00%-29.27%92.59%-18.87%35.29%
Net Profit0.20-0.510.340.69-0.350.05-0.961.230.040.520.02-0.860.11
EPS in Rs0.60-1.531.022.07-1.050.15-2.883.690.121.560.06-2.580.33

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales31417254136388482107116131133
Expenses3131624383536837899110126128
Operating Profit0111312137755
OPM %11%6%7%2%7%4%5%1%4%7%6%4%4%
Other Income0000121540121
Interest0001111435565
Depreciation0011111222222
Profit before tax010-1111-1210-0-0
Tax %33%32%56%-12%31%30%29%38%1%27%140%-22%
Net Profit000-1111-120-0-0-0
EPS in Rs18.0041.001.60-13.2016.402.422.85-2.195.251.44-0.09-0.84-0.63
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-2022
YoY Net Profit Growth (%)200.00%0.00%0.00%-200.00%300.00%-100.00%
Change in YoY Net Profit Growth (%)0.00%-200.00%0.00%-200.00%500.00%-400.00%

Harish Textile Engineers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2016-2017 to 2021-2022.

Growth

Compounded Sales Growth
10 Years:%
5 Years:28%
3 Years:17%
TTM:16%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-158%
Stock Price CAGR
10 Years:%
5 Years:19%
3 Years:26%
1 Year:85%
Return on Equity
10 Years:%
5 Years:-3%
3 Years:0%
Last Year:-3%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:34 pm

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital0.100.100.500.500.502333333
Reserves011015546666
Borrowings113999122628414036
Other Liabilities261192631243930292832
Total Liabilities3715193646447368797778
Fixed Assets1355714172624282628
CWIP003033300120
Investments000666000000
Other Assets24772023244744504950
Total Assets3715193646447368797778

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2-4-711611
Cash from Investing Activity +-32-3-0-7-2-1
Cash from Financing Activity +-0210-17-6-9
Net Cash Flow-00-001-20

Free Cash Flow

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-1.000.00-2.00-8.00-6.00-8.00-10.00-25.00-25.00-34.00-33.00-31.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days38448135240367880715762
Inventory Days223521897915014211384729268
Days Payable1618621112431926517713611110287
Cash Conversion Cycle1019-14-3252-129-871428324842
Working Capital Days-53-32-62-40-96-120-811150626041
ROCE %56%4%26%17%14%2%15%13%12%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters72.19%65.89%65.89%65.89%65.89%48.15%48.15%48.15%48.15%48.15%48.15%48.15%
DIIs0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%
Public27.77%34.06%34.06%34.06%34.06%51.81%51.82%51.81%51.82%51.80%51.81%51.80%
No. of Shareholders9,6529,6319,6329,6259,8189,7839,7619,7079,7139,7369,7499,720

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-0.85-0.101.455.26-2.00
Diluted EPS (Rs.)-0.85-0.101.455.262.00
Cash EPS (Rs.)4.756.508.1011.555.09
Book Value[Excl.RevalReserv]/Share (Rs.)27.7428.5928.6827.2421.98
Book Value[Incl.RevalReserv]/Share (Rs.)27.7428.5928.6827.2421.98
Revenue From Operations / Share (Rs.)392.81349.05320.33245.19250.71
PBDIT / Share (Rs.)20.8922.6923.3121.9314.92
PBIT / Share (Rs.)15.2916.0916.6515.647.65
PBT / Share (Rs.)-1.070.301.985.30-1.59
Net Profit / Share (Rs.)-0.84-0.091.455.26-2.18
PBDIT Margin (%)5.316.497.278.945.95
PBIT Margin (%)3.894.605.196.373.04
PBT Margin (%)-0.270.080.612.16-0.63
Net Profit Margin (%)-0.21-0.020.452.14-0.87
Return on Networth / Equity (%)-3.05-0.345.0419.30-9.92
Return on Capital Employeed (%)31.0123.6221.9224.9312.70
Return On Assets (%)-0.36-0.040.612.56-1.00
Long Term Debt / Equity (X)0.631.221.491.151.55
Total Debt / Equity (X)3.884.164.193.113.54
Asset Turnover Ratio (%)1.691.491.451.161.43
Current Ratio (X)0.750.840.880.870.84
Quick Ratio (X)0.490.490.620.580.50
Inventory Turnover Ratio (X)4.804.735.152.653.44
Interest Coverage Ratio (X)1.281.441.592.121.62
Interest Coverage Ratio (Post Tax) (X)0.940.991.101.510.76
Enterprise Value (Cr.)52.6350.1755.4839.6833.26
EV / Net Operating Revenue (X)0.400.430.510.480.39
EV / EBITDA (X)7.556.637.135.426.68
MarketCap / Net Operating Revenue (X)0.120.090.150.140.09
Price / BV (X)1.831.121.781.321.09
Price / Net Operating Revenue (X)0.120.090.150.140.09
EarningsYield-0.010.000.020.14-0.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Harish Textile Engineers Ltd as of November 18, 2024 is: 12.68

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 18, 2024, Harish Textile Engineers Ltd is Overvalued by 86.11% compared to the current share price 91.30

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Harish Textile Engineers Ltd as of November 18, 2024 is: 8.62

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 18, 2024, Harish Textile Engineers Ltd is Overvalued by 90.56% compared to the current share price 91.30

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -32.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -21.67, which is a positive sign.
  2. The company has shown consistent growth in sales (63.62 cr) and profit (0.38 cr) over the years.
  1. The stock has a low average ROCE of 14.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 5.33, which may not be favorable.
  3. The company has higher borrowings (17.92) compared to reserves (3.42), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Harish Textile Engineers Ltd:
    1. Net Profit Margin: -0.21%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 31.01% (Industry Average ROCE: 20.32%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -3.05% (Industry Average ROE: 15.63%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.94
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.49
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 52.22)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 3.88
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Harish Textile Engineers Ltd. is a Public Limited Listed company incorporated on 31/10/2010 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29119MH2010PLC201521 and registration number is 201521. Currently Company is involved in the business activities of Finishing of textiles. Company’s Total Operating Revenue is Rs. 106.86 Cr. and Equity Capital is Rs. 3.34 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - Heavy2nd Floor, 19, Parsi Panchayat Road, Mumbai Maharashtra 400069info@harishtextile.com
http://www.harishtextile.com
Management
NamePosition Held
Mr. Sandeep GandhiManaging Director
Mr. Hitendra DesaiWhole Time Executive Director
Mr. Ritesh PatelInd. Non-Executive Director
Mrs. Meena MistryInd. Non-Executive Director
Mr. Nainesh TrivediInd. Non-Executive Director

FAQ

What is the latest intrinsic value of Harish Textile Engineers Ltd?

The latest intrinsic value of Harish Textile Engineers Ltd as on 18 November 2024 is ₹12.68, which is 86.11% lower than the current market price of ₹91.30.

What is the Market Cap of Harish Textile Engineers Ltd?

The Market Cap of Harish Textile Engineers Ltd is 30.4 Cr..

What is the current Stock Price of Harish Textile Engineers Ltd as on 18 November 2024?

The current stock price of Harish Textile Engineers Ltd as on 18 November 2024 is ₹91.3.

What is the High / Low of Harish Textile Engineers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Harish Textile Engineers Ltd stocks is 102/42.7.

What is the Stock P/E of Harish Textile Engineers Ltd?

The Stock P/E of Harish Textile Engineers Ltd is .

What is the Book Value of Harish Textile Engineers Ltd?

The Book Value of Harish Textile Engineers Ltd is 27.8.

What is the Dividend Yield of Harish Textile Engineers Ltd?

The Dividend Yield of Harish Textile Engineers Ltd is 0.00 %.

What is the ROCE of Harish Textile Engineers Ltd?

The ROCE of Harish Textile Engineers Ltd is 10.8 %.

What is the ROE of Harish Textile Engineers Ltd?

The ROE of Harish Textile Engineers Ltd is 2.98 %.

What is the Face Value of Harish Textile Engineers Ltd?

The Face Value of Harish Textile Engineers Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Harish Textile Engineers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE