Analyst Summary
Harmony Capital Services Ltd operates in the Finance & Investments segment, NSE: HRMNYCP | BSE: 530055, current market price is ₹93.20, market cap is 113 Cr.. At a glance, stock P/E is 419, ROE is 31.0 %, ROCE is 32.2 %, book value is 3.33, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹213.01, which is about 128.6% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹0 Cr versus the prior period change of -100.0%, while latest net profit is about ₹-1 Cr with a prior-period change of -757.1%. The 52-week range shown on this page is 93.2/55.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisHarmony Capital Services Ltd. is a Public Limited Listed company incorporated on 19/09/1994 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(…
This summary is generated from the stock page data available for Harmony Capital Services Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.
Investment Snapshot
Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.
Share Price and Basic Stock Data
Last Updated: June 12, 2026, 8:45 am
| PEG Ratio | -38.83 |
|---|
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Harmony Capital Services Ltd | 113 Cr. | 93.2 | 93.2/55.0 | 419 | 3.33 | 0.00 % | 32.2 % | 31.0 % | 10.0 |
| Steel City Securities Ltd | 113 Cr. | 75.1 | 117/71.3 | 7.94 | 91.4 | 5.33 % | 14.5 % | 10.7 % | 10.0 |
| Motor & General Finance Ltd | 113 Cr. | 29.2 | 33.3/16.6 | 57.4 | 0.00 % | 0.02 % | 0.18 % | 5.00 | |
| Escorp Asset Management Ltd | 111 Cr. | 100 | 213/86.1 | 37.3 | 62.6 | 0.00 % | 5.36 % | 4.37 % | 10.0 |
| Ganges Securities Ltd | 119 Cr. | 119 | 191/98.2 | 44.1 | 540 | 0.00 % | 0.76 % | 0.44 % | 10.0 |
| Industry Average | 6,607.18 Cr | 1,199.48 | 83.32 | 3,649.13 | 0.41% | 19.37% | 11.58% | 7.23 |
Quarterly Result
| Metric | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Expenses | 0.01 | 0.22 | 0.05 | 0.00 | 0.00 | 0.04 | 0.11 | 0.16 | 0.14 | 0.19 | 0.01 | 0.02 | 0.02 |
| Operating Profit | -0.01 | -0.22 | -0.05 | 0.00 | 0.00 | -0.04 | -0.11 | -0.16 | -0.14 | -0.19 | -0.01 | -0.02 | -0.02 |
| OPM % | |||||||||||||
| Other Income | 0.01 | 0.35 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.13 | -0.05 | 0.00 | 0.00 | -0.03 | -0.11 | -0.16 | -0.14 | -0.19 | -0.01 | -0.02 | -0.02 |
| Tax % | 0.00% | 0.00% | -66.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||
| Net Profit | 0.00 | 0.13 | -0.05 | 0.00 | 0.00 | 0.00 | -0.11 | -0.16 | -0.14 | -0.19 | -0.01 | -0.02 | -0.02 |
| EPS in Rs | 0.00 | 0.43 | -0.17 | 0.00 | 0.00 | 0.00 | -0.37 | -0.53 | -0.47 | -0.63 | -0.03 | -0.07 | -0.07 |
Last Updated: March 3, 2026, 9:18 am
Profit & Loss - Annual Report
Last Updated: February 27, 2026, 7:00 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.03 | 0.27 | -0.08 | 0.13 | 0.34 | 0.11 | -0.04 | 0.00 | 0.05 | 0.38 | 0.01 | 0.00 | 0.00 |
| Expenses | 0.03 | 0.07 | 0.06 | 0.07 | 0.12 | 0.09 | 0.06 | 0.06 | 0.06 | 0.28 | 0.10 | 0.60 | 0.24 |
| Operating Profit | 0.00 | 0.20 | -0.14 | 0.06 | 0.22 | 0.02 | -0.10 | -0.06 | -0.01 | 0.10 | -0.09 | -0.60 | -0.24 |
| OPM % | 0.00% | 74.07% | 46.15% | 64.71% | 18.18% | -20.00% | 26.32% | -900.00% | |||||
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | 0.20 | -0.14 | 0.06 | 0.22 | 0.02 | -0.10 | -0.06 | -0.01 | 0.10 | -0.09 | -0.60 | -0.24 |
| Tax % | 15.00% | 0.00% | 16.67% | 18.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -22.22% | 0.00% | ||
| Net Profit | 0.00 | 0.16 | -0.14 | 0.05 | 0.18 | 0.02 | -0.10 | -0.06 | -0.01 | 0.10 | -0.07 | -0.60 | -0.24 |
| EPS in Rs | 0.00 | 0.53 | -0.47 | 0.17 | 0.60 | 0.07 | -0.33 | -0.20 | -0.03 | 0.33 | -0.23 | -2.00 | -0.80 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
No data available for the compounded sales growth chart.
Balance Sheet
Last Updated: June 8, 2026, 1:00 am
| Month | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves | -1.64 | -1.78 | -1.73 | -1.55 | -1.53 | -1.62 | -1.68 | -1.69 | -1.59 | -1.66 | -2.26 | -2.00 |
| Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.04 | 0.06 | 0.04 | 0.05 | 0.00 | 0.01 | 0.00 | 0.00 | 0.02 | 0.56 | 0.43 | 0.17 |
| Total Liabilities | 1.40 | 1.28 | 1.31 | 1.50 | 1.47 | 1.39 | 1.32 | 1.33 | 1.43 | 1.90 | 1.17 | 1.17 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.24 | 1.16 | 1.00 | 1.41 | 1.43 | 1.25 | 1.21 | 1.22 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.16 | 0.12 | 0.31 | 0.09 | 0.04 | 0.14 | 0.11 | 0.11 | 1.43 | 1.90 | 1.17 | 1.17 |
| Total Assets | 1.40 | 1.28 | 1.31 | 1.50 | 1.47 | 1.39 | 1.32 | 1.33 | 1.43 | 1.90 | 1.17 | 1.17 |
Cash Flow
| Month | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 0.00 | 0.20 | -0.14 | 0.06 | 0.22 | 0.02 | -0.10 | -0.06 | -0.03 | 0.10 | -0.09 | -0.60 |
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.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 220.92 | 0.00 | ||
| Inventory Days | -182.50 | 0.00 | ||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 0.00 | -182.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 220.92 | 0.00 | ||
| Working Capital Days | 608.33 | 67.59 | 228.12 | 112.31 | 32.21 | 132.73 | 365.00 | 511.00 | 768.42 | 30,295.00 | ||
| ROCE % | 0.00% | 15.69% | -10.85% | 4.82% | 16.18% | 1.37% | -7.02% | -4.44% | -0.75% | 7.30% | -6.55% | -57.69% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | -2.02 | -0.22 | 0.33 | -0.03 | -0.19 |
| Diluted EPS (Rs.) | -2.02 | -0.22 | 0.33 | -0.03 | -0.19 |
| Cash EPS (Rs.) | -2.02 | -0.22 | 0.32 | -0.02 | -0.19 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 2.45 | 4.47 | 4.69 | 4.37 | 4.39 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 2.45 | 4.47 | 4.69 | 4.37 | 4.39 |
| PBDIT / Share (Rs.) | -2.02 | -0.30 | 0.32 | -0.02 | -0.19 |
| PBIT / Share (Rs.) | -2.02 | -0.30 | 0.32 | -0.02 | -0.19 |
| PBT / Share (Rs.) | -2.02 | -0.30 | 0.32 | -0.02 | -0.19 |
| Net Profit / Share (Rs.) | -2.02 | -0.22 | 0.32 | -0.02 | -0.19 |
| Return on Networth / Equity (%) | -82.08 | -5.01 | 6.93 | -0.59 | -4.36 |
| Return on Capital Employeed (%) | -82.08 | -6.86 | 6.92 | -0.59 | -4.37 |
| Return On Assets (%) | -51.68 | -3.53 | 6.85 | -0.58 | -4.34 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Total Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Current Ratio (X) | 2.64 | 3.35 | 92.61 | 247.46 | 272.04 |
| Quick Ratio (X) | 2.64 | 3.35 | 92.61 | 247.46 | 272.04 |
| Enterprise Value (Cr.) | 18.00 | 17.52 | 3.17 | 2.87 | 1.28 |
| EV / EBITDA (X) | -29.76 | -191.72 | 32.41 | -373.88 | -22.29 |
| Price / BV (X) | 24.54 | 13.43 | 2.68 | 2.20 | 1.02 |
| EarningsYield | -0.03 | 0.00 | 0.02 | 0.00 | -0.04 |
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Finance & Investments | Wework lightbridge, 6th Floor, Corporate No. 137, Mumbai Maharashtra 400072 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Jubin Gada | Executive Director |
| Mr. Rajesh Ghosh | Executive Director |
| Mr. Sankalp Kawatra | Non Executive Director |
| Ms. Kakoli Ghosh | Non Executive Director |
| Mr. Jignesh Barot | Ind. Non-Executive Director |
| Mrs. Alpa Vora | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of Harmony Capital Services Ltd and is it undervalued?
As of 17 June 2026, Harmony Capital Services Ltd's intrinsic value is ₹213.01, which is 128.55% higher than the current market price of ₹93.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (31.0 %), book value (₹3.33), dividend yield (0.00 %), and 5-year EPS CAGR.
What is the current share price and 52-week range of Harmony Capital Services Ltd?
Harmony Capital Services Ltd is trading at ₹93.20 as of 17 June 2026, with a FY2026-2027 high of ₹93.2 and low of ₹55.0. The stock is currently near its 52-week high. Market cap stands at ₹113 Cr..
How does Harmony Capital Services Ltd's P/E ratio compare to its industry?
Harmony Capital Services Ltd has a P/E ratio of 419, which is above the industry average of 83.32. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.
Is Harmony Capital Services Ltd financially healthy?
Key indicators for Harmony Capital Services Ltd: ROCE of 32.2 % indicates efficient capital utilization; ROE of 31.0 % shows strong shareholder returns. Dividend yield is 0.00 %.
Is Harmony Capital Services Ltd profitable and how is the profit trend?
Harmony Capital Services Ltd reported a net profit of ₹-1 Cr in Mar 2025. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.
Does Harmony Capital Services Ltd pay dividends?
Harmony Capital Services Ltd has a dividend yield of 0.00 % at the current price of ₹93.20. The company is currently not paying meaningful dividends.
