Harsha Engineers International Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: September 18, 2025, 11:45 pm

Quick Insight

Harsha Engineers International Ltd, with a share price of 412 and a market capitalization of 3,758 Cr., displays a P/E ratio of 30.0, indicating a premium investors are willing to pay for its earnings. While the Return on Equity (ROE) stands at 6.11% and Return on Capital Employed (ROCE) at 13.5%, the Operating Profit Margin (OPM) is at a healthy 20%. The company's financial structure reveals a solid foundation with reserves of 1,178 Cr. and low borrowings of 24 Cr., resulting in a comfortable Interest Coverage Ratio (ICR) of 24.25x. However, the Current Ratio (CCC) of 182 days warrants attention for potential liquidity concerns. Overall, Harsha Engineers International Ltd's strong profitability metrics and prudent financial management position it well for sustained growth, but monitoring liquidity levels will be crucial for future performance.

Competitors of Harsha Engineers International Ltd

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Quarterly Result

Last Updated: August 19, 2025, 2:00 pm

Below is a detailed analysis of the quarterly data for Harsha Engineers International Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

• For Sales, as of Jun 2025, the value is 271.00 Cr.. The value appears to be declining and may need further review. It has decreased from 291.00 Cr. (Mar 2025) to 271.00 Cr., marking a decrease of 20.00 Cr..
• For Expenses, as of Jun 2025, the value is 218.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 256.00 Cr. (Mar 2025) to 218.00 Cr., marking a decrease of 38.00 Cr..
• For Operating Profit, as of Jun 2025, the value is 54.00 Cr.. The value appears strong and on an upward trend. It has increased from 35.00 Cr. (Mar 2025) to 54.00 Cr., marking an increase of 19.00 Cr..
• For OPM %, as of Jun 2025, the value is 20.00%. The value appears strong and on an upward trend. It has increased from 12.00% (Mar 2025) to 20.00%, marking an increase of 8.00%.
• For Other Income, as of Jun 2025, the value is 12.00 Cr.. The value appears strong and on an upward trend. It has increased from -85.00 Cr. (Mar 2025) to 12.00 Cr., marking an increase of 97.00 Cr..
• For Interest, as of Jun 2025, the value is 1.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.00 Cr. (Mar 2025) to 1.00 Cr., marking an increase of 1.00 Cr..
• For Depreciation, as of Jun 2025, the value is 7.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 7.00 Cr..
• For Profit before tax, as of Jun 2025, the value is 58.00 Cr.. The value appears strong and on an upward trend. It has increased from -58.00 Cr. (Mar 2025) to 58.00 Cr., marking an increase of 116.00 Cr..
• For Tax %, as of Jun 2025, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 16.00% (Mar 2025) to 25.00%, marking an increase of 9.00%.
• For Net Profit, as of Jun 2025, the value is 43.00 Cr.. The value appears strong and on an upward trend. It has increased from -67.00 Cr. (Mar 2025) to 43.00 Cr., marking an increase of 110.00 Cr..
• For EPS in Rs, as of Jun 2025, the value is 4.71. The value appears strong and on an upward trend. It has increased from -7.35 (Mar 2025) to 4.71, marking an increase of 12.06.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Profit & Loss - Annual Report

Last Updated: August 23, 2025, 12:58 pm

Balance Sheet

Last Updated: September 10, 2025, 3:50 pm

Below is a detailed analysis of the balance sheet data for Harsha Engineers International Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

• For Equity Capital, as of Mar 2025, the value is 91.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 91.00 Cr..
• For Reserves, as of Mar 2025, the value is 1,178.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,154.00 Cr. (Mar 2024) to 1,178.00 Cr., marking an increase of 24.00 Cr..
• For Borrowings, as of Mar 2025, the value is 24.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 102.00 Cr. (Mar 2024) to 24.00 Cr., marking a decrease of 78.00 Cr..
• For Other Liabilities, as of Mar 2025, the value is 192.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 181.00 Cr. (Mar 2024) to 192.00 Cr., marking an increase of 11.00 Cr..
• For Total Liabilities, as of Mar 2025, the value is 1,486.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,529.00 Cr. (Mar 2024) to 1,486.00 Cr., marking a decrease of 43.00 Cr..
• For Fixed Assets, as of Mar 2025, the value is 264.00 Cr.. The value appears strong and on an upward trend. It has increased from 251.00 Cr. (Mar 2024) to 264.00 Cr., marking an increase of 13.00 Cr..
• For CWIP, as of Mar 2025, the value is 32.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Mar 2024) to 32.00 Cr., marking an increase of 25.00 Cr..
• For Investments, as of Mar 2025, the value is 541.00 Cr.. The value appears strong and on an upward trend. It has increased from 515.00 Cr. (Mar 2024) to 541.00 Cr., marking an increase of 26.00 Cr..
• For Other Assets, as of Mar 2025, the value is 650.00 Cr.. The value appears to be declining and may need further review. It has decreased from 757.00 Cr. (Mar 2024) to 650.00 Cr., marking a decrease of 107.00 Cr..
• For Total Assets, as of Mar 2025, the value is 1,486.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,529.00 Cr. (Mar 2024) to 1,486.00 Cr., marking a decrease of 43.00 Cr..

Notably, the Reserves (1,178.00 Cr.) exceed the Borrowings (24.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Cash Flow

Free Cash Flow

Financial Efficiency Indicators

Share Holding Pattern

Mutual Fund Holdings

Key Financial Ratios

After reviewing the key financial ratios for Harsha Engineers International Ltd, here is a detailed analysis based on the latest available data and recent trends:

• For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
• For Basic EPS (Rs.), as of Mar 25, the value is 9.81. This value is within the healthy range. It has decreased from 12.24 (Mar 24) to 9.81, marking a decrease of 2.43.
• For Diluted EPS (Rs.), as of Mar 25, the value is 9.81. This value is within the healthy range. It has decreased from 12.24 (Mar 24) to 9.81, marking a decrease of 2.43.
• For Cash EPS (Rs.), as of Mar 25, the value is 14.26. This value is within the healthy range. It has decreased from 16.56 (Mar 24) to 14.26, marking a decrease of 2.30.
• For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 137.76. It has increased from 129.09 (Mar 24) to 137.76, marking an increase of 8.67.
• For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 137.76. It has increased from 129.09 (Mar 24) to 137.76, marking an increase of 8.67.
• For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 154.62. It has increased from 152.93 (Mar 24) to 154.62, marking an increase of 1.69.
• For PBDIT / Share (Rs.), as of Mar 25, the value is 23.36. This value is within the healthy range. It has increased from 22.06 (Mar 24) to 23.36, marking an increase of 1.30.
• For PBIT / Share (Rs.), as of Mar 25, the value is 18.91. This value is within the healthy range. It has increased from 17.74 (Mar 24) to 18.91, marking an increase of 1.17.
• For PBT / Share (Rs.), as of Mar 25, the value is 14.90. This value is within the healthy range. It has decreased from 16.56 (Mar 24) to 14.90, marking a decrease of 1.66.
• For Net Profit / Share (Rs.), as of Mar 25, the value is 9.81. This value is within the healthy range. It has decreased from 12.24 (Mar 24) to 9.81, marking a decrease of 2.43.
• For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 9.81. This value is within the healthy range. It has decreased from 12.24 (Mar 24) to 9.81, marking a decrease of 2.43.
• For PBDIT Margin (%), as of Mar 25, the value is 15.10. This value is within the healthy range. It has increased from 14.42 (Mar 24) to 15.10, marking an increase of 0.68.
• For PBIT Margin (%), as of Mar 25, the value is 12.22. This value is within the healthy range. It has increased from 11.60 (Mar 24) to 12.22, marking an increase of 0.62.
• For PBT Margin (%), as of Mar 25, the value is 9.63. This value is below the healthy minimum of 10. It has decreased from 10.82 (Mar 24) to 9.63, marking a decrease of 1.19.
• For Net Profit Margin (%), as of Mar 25, the value is 6.34. This value is within the healthy range. It has decreased from 8.00 (Mar 24) to 6.34, marking a decrease of 1.66.
• For NP After MI And SOA Margin (%), as of Mar 25, the value is 6.34. This value is below the healthy minimum of 8. It has decreased from 8.00 (Mar 24) to 6.34, marking a decrease of 1.66.
• For Return on Networth / Equity (%), as of Mar 25, the value is 7.12. This value is below the healthy minimum of 15. It has decreased from 9.48 (Mar 24) to 7.12, marking a decrease of 2.36.
• For Return on Capital Employeed (%), as of Mar 25, the value is 12.50. This value is within the healthy range. It has decreased from 13.44 (Mar 24) to 12.50, marking a decrease of 0.94.
• For Return On Assets (%), as of Mar 25, the value is 5.28. This value is within the healthy range. It has decreased from 7.11 (Mar 24) to 5.28, marking a decrease of 1.83.
• For Long Term Debt / Equity (X), as of Mar 25, the value is 0.07. This value is below the healthy minimum of 0.2. It has increased from 0.00 (Mar 24) to 0.07, marking an increase of 0.07.
• For Total Debt / Equity (X), as of Mar 25, the value is 0.15. This value is within the healthy range. It has increased from 0.14 (Mar 24) to 0.15, marking an increase of 0.01.
• For Asset Turnover Ratio (%), as of Mar 25, the value is 0.86. It has decreased from 0.92 (Mar 24) to 0.86, marking a decrease of 0.06.
• For Current Ratio (X), as of Mar 25, the value is 3.21. This value exceeds the healthy maximum of 3. It has increased from 2.91 (Mar 24) to 3.21, marking an increase of 0.30.
• For Quick Ratio (X), as of Mar 25, the value is 2.15. This value exceeds the healthy maximum of 2. It has increased from 1.94 (Mar 24) to 2.15, marking an increase of 0.21.
• For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.09. This value is within the healthy range. It has increased from 2.13 (Mar 24) to 4.09, marking an increase of 1.96.
• For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 10.20. This value is below the healthy minimum of 20. It has increased from 8.17 (Mar 24) to 10.20, marking an increase of 2.03.
• For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 7.01. This value is below the healthy minimum of 20. It has increased from 6.04 (Mar 24) to 7.01, marking an increase of 0.97.
• For Earning Retention Ratio (%), as of Mar 25, the value is 89.80. This value exceeds the healthy maximum of 70. It has decreased from 91.83 (Mar 24) to 89.80, marking a decrease of 2.03.
• For Cash Earning Retention Ratio (%), as of Mar 25, the value is 92.99. This value exceeds the healthy maximum of 70. It has decreased from 93.96 (Mar 24) to 92.99, marking a decrease of 0.97.
• For Interest Coverage Ratio (X), as of Mar 25, the value is 24.25. This value is within the healthy range. It has increased from 18.65 (Mar 24) to 24.25, marking an increase of 5.60.
• For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 14.34. This value is within the healthy range. It has increased from 11.35 (Mar 24) to 14.34, marking an increase of 2.99.
• For Enterprise Value (Cr.), as of Mar 25, the value is 3,524.95. It has decreased from 3,698.78 (Mar 24) to 3,524.95, marking a decrease of 173.83.
• For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.50. This value is within the healthy range. It has decreased from 2.66 (Mar 24) to 2.50, marking a decrease of 0.16.
• For EV / EBITDA (X), as of Mar 25, the value is 16.57. This value exceeds the healthy maximum of 15. It has decreased from 18.42 (Mar 24) to 16.57, marking a decrease of 1.85.
• For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.42. This value is within the healthy range. It has decreased from 2.62 (Mar 24) to 2.42, marking a decrease of 0.20.
• For Retention Ratios (%), as of Mar 25, the value is 89.79. This value exceeds the healthy maximum of 70. It has decreased from 91.82 (Mar 24) to 89.79, marking a decrease of 2.03.
• For Price / BV (X), as of Mar 25, the value is 2.71. This value is within the healthy range. It has decreased from 3.10 (Mar 24) to 2.71, marking a decrease of 0.39.
• For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.42. This value is within the healthy range. It has decreased from 2.62 (Mar 24) to 2.42, marking a decrease of 0.20.
• For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 24) to 0.02, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Fair Value

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