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Last Updated: April 2, 2026, 4:45 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 542682 | NSE: HARISH

Harish Textile Engineers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3.40Overvalued by 95.07%vs CMP ₹69.00

P/E (4.4) × ROE (2.8%) × BV (₹33.20) × DY (2.00%)

₹118.34Undervalued by 71.51%vs CMP ₹69.00
MoS: +41.7% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5.4827%Over (-92.1%)
Graham NumberEarnings₹108.0516%Under (+56.6%)
DCFCash Flow₹272.0113%Under (+294.2%)
Net Asset ValueAssets₹33.009%Over (-52.2%)
EV/EBITDAEnterprise₹72.0011%Fair (+4.3%)
Earnings YieldEarnings₹156.309%Under (+126.5%)
ROCE CapitalReturns₹268.0011%Under (+288.4%)
Revenue MultipleRevenue₹198.006%Under (+187%)
Consensus (8 models)₹118.34100%Undervalued
Key Drivers: EPS CAGR 61.1% lifts DCF — verify sustainability. | ROE 2.8% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 61.1%

*Investments are subject to market risks

Investment Snapshot

46
Harish Textile Engineers Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health23/100 · Weak
ROCE 9.6% AverageROE 2.8% WeakD/E 3.11 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 48.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around 4% SteadyWorking capital: -59 days (improving) Efficient
Quarterly Momentum60/100 · Moderate
Revenue (4Q): 0% YoY FlatOPM: 10.2% (up 5.7% YoY) Margin expansion
Industry Rank50/100 · Moderate
P/E 4.4 vs industry 37.1 Cheaper than peersROCE 9.6% vs industry 15.8% AverageROE 2.8% vs industry 13.1% Below peers3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:45 am

Market Cap 23.0 Cr.
Current Price 69.0
Intrinsic Value₹118.34
High / Low 75.0/52.4
Stock P/E4.42
Book Value 33.2
Dividend Yield0.00 %
ROCE9.56 %
ROE2.84 %
Face Value 10.0
PEG Ratio0.07

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

View Share Price Target for Harish Textile Engineers Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Harish Textile Engineers Ltd 23.0 Cr. 69.0 75.0/52.44.42 33.20.00 %9.56 %2.84 % 10.0
Indian Card Clothing Company Ltd 99.3 Cr. 167 384/1536.54 5840.00 %7.04 %6.27 % 10.0
Bajaj Steel Industries Ltd 701 Cr. 337 870/30213.3 1990.30 %21.3 %17.9 % 5.00
TRF Ltd 255 Cr. 232 450/21214.8 77.30.00 %21.8 %% 10.0
Sanghvi Movers Ltd 2,315 Cr. 267 413/20515.8 1350.75 %11.8 %10.0 % 1.00
Industry Average9,009.11 Cr1,209.8537.05295.050.38%15.76%13.09%8.88

All Competitor Stocks of Harish Textile Engineers Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 26.6130.0528.3832.5234.3335.8230.7635.3033.2632.7131.7635.0235.35
Expenses 25.6227.6826.9030.5731.9136.2529.6135.1531.7930.2529.0731.8731.76
Operating Profit 0.992.371.481.952.42-0.431.150.151.472.462.693.153.59
OPM % 3.72%7.89%5.21%6.00%7.05%-1.20%3.74%0.42%4.42%7.52%8.47%8.99%10.16%
Other Income 0.020.860.290.110.061.030.110.130.230.100.100.080.06
Interest 1.441.311.251.161.771.280.711.221.060.970.851.270.86
Depreciation 0.530.470.500.520.440.410.410.420.430.420.430.440.44
Profit before tax -0.961.450.020.380.27-1.090.14-1.360.211.171.511.522.35
Tax % 1.04%15.17%-100.00%-31.58%92.59%-19.27%35.71%-28.68%290.48%-30.77%22.52%33.55%36.60%
Net Profit -0.961.230.040.500.02-0.890.08-0.97-0.391.521.161.021.51
EPS in Rs -2.883.690.121.500.06-2.670.24-2.91-1.174.563.483.064.53

Last Updated: March 3, 2026, 9:18 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:00 am

MetricMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1417254136388482107116131132135
Expenses 131624383536837899110126127123
Operating Profit 11131213775512
OPM % 6%7%2%7%4%5%1%4%7%6%4%4%9%
Other Income 0001215401210
Interest 0011114355644
Depreciation 0111112222222
Profit before tax 10-1111-1210-007
Tax % 32%56%-12%31%30%29%38%1%27%140%-23%-50%
Net Profit 00-1111-120-0-005
EPS in Rs 41.001.60-13.2016.402.422.85-2.195.251.44-0.09-1.110.7215.63
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.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: February 1, 2026, 2:57 am

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.100.500.500.50233333333
Reserves 1101554666568
Borrowings 139991226284140363232
Other Liabilities 611926312439302928333636
Total Liabilities 7151936464473687977787679
Fixed Assets 3557141726242826282821
CWIP 0303330012011
Investments 0066600000000
Other Assets 47720232447445049504757
Total Assets 7151936464473687977787679

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 2-4-71161111
Cash from Investing Activity + -32-3-0-7-2-1-2
Cash from Financing Activity + -0210-17-6-9-8
Net Cash Flow -00-001-20-0
Free Cash Flow 2-4-141-0598
CFO/OP 224%-196%-984%53%11%91%205%204%

Free Cash Flow

MonthMar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-2.00-8.00-6.00-8.00-10.00-25.00-25.00-34.00-33.00-31.00-27.00

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 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 44813524036788071576273
Inventory Days 52189791501421138472926858
Days Payable 862111243192651771361111028799
Cash Conversion Cycle 9-14-3252-129-87142832484332
Working Capital Days -36-67-56-107-192-139-39-30-26-28-43-59
ROCE %56%4%26%17%14%2%15%13%12%11%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 48.15%48.15%48.15%48.15%48.15%48.15%48.15%48.15%48.15%48.15%48.15%48.15%
DIIs 0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%
Public 51.82%51.81%51.82%51.80%51.81%51.80%51.81%51.81%51.81%51.80%51.81%51.81%
No. of Shareholders 9,7619,7079,7139,7369,7499,7209,7639,8059,8319,8519,8399,803

Shareholding Pattern Chart

No. of Shareholders

Harish Textile Engineers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.56-0.85-0.101.455.26
Diluted EPS (Rs.) 0.56-0.85-0.101.455.26
Cash EPS (Rs.) 5.744.756.508.1011.55
Book Value[Excl.RevalReserv]/Share (Rs.) 26.6527.7428.5928.6827.24
Book Value[Incl.RevalReserv]/Share (Rs.) 26.6527.7428.5928.6827.24
Revenue From Operations / Share (Rs.) 395.76392.81349.05320.33245.19
PBDIT / Share (Rs.) 17.3620.8922.6923.3121.93
PBIT / Share (Rs.) 12.3315.2916.0916.6515.64
PBT / Share (Rs.) 0.46-1.070.301.985.30
Net Profit / Share (Rs.) 0.70-0.84-0.091.455.26
PBDIT Margin (%) 4.385.316.497.278.94
PBIT Margin (%) 3.113.894.605.196.37
PBT Margin (%) 0.11-0.270.080.612.16
Net Profit Margin (%) 0.17-0.21-0.020.452.14
Return on Networth / Equity (%) 2.64-3.05-0.345.0419.30
Return on Capital Employeed (%) 35.6231.0123.6221.9224.93
Return On Assets (%) 0.30-0.36-0.040.612.56
Long Term Debt / Equity (X) 0.130.631.221.491.15
Total Debt / Equity (X) 3.553.884.164.193.11
Asset Turnover Ratio (%) 1.721.691.491.451.16
Current Ratio (X) 0.660.750.840.880.87
Quick Ratio (X) 0.460.490.490.620.58
Inventory Turnover Ratio (X) 8.994.804.735.152.65
Interest Coverage Ratio (X) 1.461.281.441.592.12
Interest Coverage Ratio (Post Tax) (X) 1.060.940.991.101.51
Enterprise Value (Cr.) 55.1952.6350.1755.4839.68
EV / Net Operating Revenue (X) 0.410.400.430.510.48
EV / EBITDA (X) 9.537.556.637.135.42
MarketCap / Net Operating Revenue (X) 0.170.120.090.150.14
Price / BV (X) 2.671.831.121.781.32
Price / Net Operating Revenue (X) 0.170.120.090.150.14
EarningsYield 0.01-0.010.000.020.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 132.03 Cr. and Equity Capital is Rs. 3.34 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - Heavy2nd Floor, 19, Parsi Panchayat Road, Mumbai Maharashtra 400069Contact not found
Management
NamePosition Held
Mr. Sandeep Kirtikumar GandhiManaging Director
Mr. Sunil Narayan BhirudExecutive Director
Mrs. Bhavna Ronil BrahmbhattInd. Non-Executive Director
Mr. Mahesh Ratilal SapariyaInd. Non-Executive Director
Mr. Ashwini Ramakant GuptaInd. Non-Executive Director

FAQ

What is the intrinsic value of Harish Textile Engineers Ltd and is it undervalued?

As of 14 April 2026, Harish Textile Engineers Ltd's intrinsic value is ₹118.34, which is 71.51% higher than the current market price of ₹69.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (2.84 %), book value (₹33.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Harish Textile Engineers Ltd?

Harish Textile Engineers Ltd is trading at ₹69.00 as of 14 April 2026, with a FY2026-2027 high of ₹75.0 and low of ₹52.4. The stock is currently in the middle of its 52-week range. Market cap stands at ₹23.0 Cr..

How does Harish Textile Engineers Ltd's P/E ratio compare to its industry?

Harish Textile Engineers Ltd has a P/E ratio of 4.42, which is below the industry average of 37.05. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Harish Textile Engineers Ltd financially healthy?

Key indicators for Harish Textile Engineers Ltd: ROCE of 9.56 % is on the lower side compared to the industry average of 15.76%; ROE of 2.84 % is below ideal levels (industry average: 13.09%). Dividend yield is 0.00 %.

Is Harish Textile Engineers Ltd profitable and how is the profit trend?

Harish Textile Engineers Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹132 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.

Does Harish Textile Engineers Ltd pay dividends?

Harish Textile Engineers Ltd has a dividend yield of 0.00 % at the current price of ₹69.00. The company is currently not paying meaningful dividends.

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
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