Share Price and Basic Stock Data
Last Updated: December 19, 2025, 6:49 pm
| PEG Ratio | -1.43 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Harsha Engineers International Ltd, operating in the domestic appliances sector, has shown a commendable trajectory in revenue generation. For the fiscal year ending March 2025, the company reported sales of ₹1,089 Cr, up from ₹1,081 Cr the previous year. This steady growth reflects the company’s ability to navigate market challenges, achieving a year-on-year increase despite external headwinds. The latest quarterly figures indicate a positive trend, with sales reaching ₹298 Cr in March 2024, followed by ₹291 Cr in the subsequent quarter. Such consistency suggests that Harsha Engineers is effectively capitalizing on its market position, though fluctuations in quarterly performance, particularly a dip to ₹226 Cr in December 2022, raise questions about seasonal demand dynamics. Overall, the revenue growth trajectory appears promising, bolstered by an expanding product portfolio and increasing market penetration.
Profitability and Efficiency Metrics
Profitability metrics for Harsha Engineers present a mixed picture. The operating profit margin (OPM) has fluctuated but stood at a healthy 20% in the latest reports. However, the net profit margin has seen a decline, dropping to 6.34% in March 2025 from 8.00% the previous year. This downturn in net profitability could be attributed to increased operational costs, which rose to ₹919 Cr in FY 2025 from ₹911 Cr in FY 2024. The interest coverage ratio (ICR) remains robust at 24.25x, indicating that the company can comfortably meet its interest obligations. Nevertheless, the cash conversion cycle (CCC) of 182 days suggests a need for improved efficiency in managing working capital. The company’s ability to enhance its profitability will depend on controlling costs while sustaining revenue growth, especially as competition in the domestic appliances sector intensifies.
Balance Sheet Strength and Financial Ratios
Harsha Engineers presents a solid balance sheet, characterized by minimal borrowings of just ₹20 Cr against reserves of ₹1,244 Cr. This strong equity position is reflected in a low debt-to-equity ratio of 0.15, indicating a conservative approach to leveraging. The current ratio of 3.21x further underscores the company’s liquidity, suggesting it has more than enough short-term assets to cover its liabilities. However, the return on equity (ROE) stands at a modest 6.11%, which may concern investors seeking higher returns. The price-to-book value (P/BV) ratio of 2.71x suggests that the stock may be trading at a premium compared to its book value, necessitating careful consideration by potential investors. Overall, while the balance sheet appears robust, the efficiency in generating returns on equity may need to improve to attract a broader investor base.
Shareholding Pattern and Investor Confidence
The shareholding structure of Harsha Engineers reveals a strong promoter presence, with promoters holding 75% of the equity, providing stability and confidence in management’s strategic direction. However, foreign institutional investors (FIIs) have reduced their stake to a mere 0.39%, raising red flags about international investor confidence in the company. Conversely, domestic institutional investors (DIIs) have increased their holdings to 12.48%, indicating a growing interest among local funds. The number of shareholders has also declined to 74,886, suggesting a consolidation phase in the investor base. This dynamic could reflect a mix of confidence in the company’s long-term potential alongside concerns regarding short-term performance metrics. The concentration of promoter holdings reinforces the notion of a committed management team but may also lead to questions about governance and minority shareholder rights.
Outlook, Risks, and Final Insight
Looking ahead, Harsha Engineers faces a landscape filled with both opportunities and challenges. On one hand, the company is well-positioned to benefit from the growing demand in the domestic appliances market, especially as consumer spending rebounds post-pandemic. On the other hand, rising operational costs and potential supply chain disruptions pose significant risks to profitability. The recent decline in net profit margins could indicate vulnerabilities that need to be addressed promptly. Investors should consider these factors carefully, weighing the strength of the balance sheet against profitability concerns. Additionally, the declining interest from FIIs may signal a need for Harsha Engineers to enhance its engagement with the investment community. Overall, while the company’s fundamentals remain appealing, vigilance regarding operational efficiency and investor sentiment will be crucial for sustaining growth and delivering shareholder value.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| MPL Plastics Ltd | 10.2 Cr. | 8.14 | 13.9/7.61 | 3.04 | 0.00 % | 4,800 % | % | 10.0 | |
| Hawkins Cookers Ltd | 4,291 Cr. | 8,111 | 9,900/7,100 | 37.8 | 704 | 1.60 % | 40.9 % | 32.0 % | 10.0 |
| Harsha Engineers International Ltd | 3,404 Cr. | 374 | 531/330 | 25.9 | 147 | 0.27 % | 13.5 % | 6.11 % | 10.0 |
| Gorani Industries Ltd | 33.2 Cr. | 62.0 | 126/60.5 | 28.4 | 25.5 | 0.00 % | 9.70 % | 6.68 % | 10.0 |
| Eureka Forbes Ltd | 12,362 Cr. | 639 | 668/452 | 67.1 | 232 | 0.00 % | 5.04 % | 3.69 % | 10.0 |
| Industry Average | 9,240.50 Cr | 1,426.37 | 51.64 | 210.98 | 0.44% | 357.66% | 11.88% | 6.57 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 308 | 242 | 226 | 248 | 256 | 268 | 259 | 298 | 258 | 272 | 268 | 291 | 271 |
| Expenses | 265 | 197 | 189 | 197 | 215 | 228 | 221 | 246 | 206 | 231 | 226 | 256 | 218 |
| Operating Profit | 43 | 45 | 37 | 50 | 41 | 40 | 38 | 51 | 52 | 41 | 42 | 35 | 54 |
| OPM % | 14% | 19% | 16% | 20% | 16% | 15% | 15% | 17% | 20% | 15% | 16% | 12% | 20% |
| Other Income | 7 | 5 | 13 | 6 | 6 | 7 | 11 | 7 | 8 | 11 | 8 | -85 | 12 |
| Interest | 5 | 5 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 1 | 1 | 0 | 1 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Profit before tax | 41 | 40 | 43 | 49 | 39 | 39 | 40 | 50 | 52 | 44 | 42 | -58 | 58 |
| Tax % | 25% | 25% | 26% | 25% | 23% | 24% | 25% | 25% | 25% | 26% | 25% | 16% | 25% |
| Net Profit | 30 | 30 | 32 | 37 | 30 | 30 | 30 | 38 | 39 | 33 | 31 | -67 | 43 |
| EPS in Rs | 3.93 | 3.26 | 3.47 | 4.04 | 3.27 | 3.25 | 3.29 | 4.13 | 4.24 | 3.60 | 3.40 | -7.35 | 4.71 |
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: December 15, 2025, 3:35 am
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 95 | 444 | 122 | 601 | 582 | 956 | 1,025 | 1,081 | 1,089 | 1,109 |
| Expenses | 101 | 436 | 136 | 536 | 491 | 790 | 848 | 911 | 919 | 929 |
| Operating Profit | -6 | 8 | -15 | 64 | 92 | 166 | 176 | 170 | 170 | 180 |
| OPM % | -6% | 2% | -12% | 11% | 16% | 17% | 17% | 16% | 16% | 16% |
| Other Income | 8 | 7 | 1 | 16 | 4 | 18 | 31 | 30 | -57 | -54 |
| Interest | 2 | 8 | 11 | 30 | 27 | 21 | 12 | 6 | 4 | 3 |
| Depreciation | 0 | 0 | 0 | 20 | 17 | 20 | 23 | 27 | 29 | 29 |
| Profit before tax | -1 | 7 | -25 | 30 | 51 | 143 | 172 | 168 | 80 | 94 |
| Tax % | -2% | -0% | -30% | 33% | 26% | 26% | 25% | 24% | 56% | |
| Net Profit | -1 | 7 | -17 | 20 | 38 | 106 | 128 | 127 | 35 | 46 |
| EPS in Rs | -0.46 | 3.28 | -8.62 | 4.02 | 7.60 | 13.73 | 14.10 | 13.94 | 3.88 | 5.05 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | 7% | 7% | 26% |
YoY Net Profit Growth
| Year | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 800.00% | -342.86% | 217.65% | 90.00% | 178.95% | 20.75% | -0.78% | -72.44% |
| Change in YoY Net Profit Growth (%) | 0.00% | -1142.86% | 560.50% | -127.65% | 88.95% | -158.19% | -21.54% | -71.66% |
Harsha Engineers International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.
No data available for the compounded sales growth chart.
Balance Sheet
Last Updated: December 4, 2025, 3:01 am
| Month | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 50 | 50 | 77 | 91 | 91 | 91 | 91 |
| Reserves | 2 | 9 | -8 | 367 | 411 | 491 | 1,033 | 1,154 | 1,178 | 1,244 |
| Borrowings | 27 | 167 | 122 | 319 | 252 | 290 | 90 | 102 | 24 | 20 |
| Other Liabilities | 37 | 255 | 83 | 170 | 169 | 204 | 141 | 181 | 192 | 190 |
| Total Liabilities | 86 | 451 | 216 | 907 | 881 | 1,062 | 1,355 | 1,529 | 1,486 | 1,545 |
| Fixed Assets | 0 | 1 | 1 | 179 | 181 | 204 | 239 | 251 | 264 | 289 |
| CWIP | 0 | 0 | 0 | 2 | 3 | 2 | 11 | 7 | 32 | 0 |
| Investments | 12 | 9 | 7 | 185 | 188 | 211 | 399 | 515 | 541 | 609 |
| Other Assets | 74 | 441 | 209 | 541 | 509 | 645 | 706 | 757 | 650 | 647 |
| Total Assets | 86 | 451 | 216 | 907 | 881 | 1,062 | 1,355 | 1,529 | 1,486 | 1,545 |
Below is a detailed analysis of the balance sheet data for Harsha Engineers International Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 91.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 91.00 Cr..
- For Reserves, as of Sep 2025, the value is 1,244.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,178.00 Cr. (Mar 2025) to 1,244.00 Cr., marking an increase of 66.00 Cr..
- For Borrowings, as of Sep 2025, the value is 20.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 24.00 Cr. (Mar 2025) to 20.00 Cr., marking a decrease of 4.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 190.00 Cr.. The value appears to be improving (decreasing). It has decreased from 192.00 Cr. (Mar 2025) to 190.00 Cr., marking a decrease of 2.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 1,545.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,486.00 Cr. (Mar 2025) to 1,545.00 Cr., marking an increase of 59.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 289.00 Cr.. The value appears strong and on an upward trend. It has increased from 264.00 Cr. (Mar 2025) to 289.00 Cr., marking an increase of 25.00 Cr..
- For CWIP, as of Sep 2025, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 32.00 Cr. (Mar 2025) to 0.00 Cr., marking a decrease of 32.00 Cr..
- For Investments, as of Sep 2025, the value is 609.00 Cr.. The value appears strong and on an upward trend. It has increased from 541.00 Cr. (Mar 2025) to 609.00 Cr., marking an increase of 68.00 Cr..
- For Other Assets, as of Sep 2025, the value is 647.00 Cr.. The value appears to be declining and may need further review. It has decreased from 650.00 Cr. (Mar 2025) to 647.00 Cr., marking a decrease of 3.00 Cr..
- For Total Assets, as of Sep 2025, the value is 1,545.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,486.00 Cr. (Mar 2025) to 1,545.00 Cr., marking an increase of 59.00 Cr..
Notably, the Reserves (1,244.00 Cr.) exceed the Borrowings (20.00 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
| Month | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -33.00 | -159.00 | -137.00 | -255.00 | -160.00 | -124.00 | 86.00 | 68.00 | 146.00 |
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.
Financial Efficiency Indicators
| Month | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 215 | 257 | 427 | 120 | 103 | 82 | 78 | 91 | 81 |
| Inventory Days | 8 | 32 | 41 | 200 | 263 | 209 | 197 | 180 | 178 |
| Days Payable | 180 | 236 | 249 | 106 | 126 | 101 | 50 | 66 | 77 |
| Cash Conversion Cycle | 43 | 53 | 219 | 213 | 240 | 189 | 225 | 204 | 182 |
| Working Capital Days | 111 | 122 | 78 | 180 | 82 | 89 | 122 | 126 | 123 |
| ROCE % | 12% | -8% | 14% | 11% | 21% | 18% | 13% | 13% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| DSP Small Cap Fund | 6,991,662 | 1.6 | 272.33 | 2,500,000 | 2025-11-03 17:32:32 | 179.67% |
| Nippon India Small Cap Fund | 4,136,864 | 0.23 | 161.13 | 4,136,864 | 2025-04-22 17:25:11 | 0% |
| ICICI Prudential Childrens Fund | 126,591 | 0.35 | 4.93 | N/A | N/A | N/A |
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.) | 9.81 | 12.24 | 14.59 | 16.06 | 9.09 |
| Diluted EPS (Rs.) | 9.81 | 12.24 | 14.59 | 11.90 | 5.88 |
| Cash EPS (Rs.) | 14.26 | 16.56 | 17.51 | 16.48 | 15.91 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 137.76 | 129.09 | 117.72 | 67.56 | 85.44 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 137.76 | 129.09 | 117.72 | 67.56 | 85.44 |
| Revenue From Operations / Share (Rs.) | 154.62 | 152.93 | 149.83 | 171.07 | 174.75 |
| PBDIT / Share (Rs.) | 23.36 | 22.06 | 24.06 | 24.15 | 24.96 |
| PBIT / Share (Rs.) | 18.91 | 17.74 | 20.10 | 19.57 | 18.14 |
| PBT / Share (Rs.) | 14.90 | 16.56 | 18.36 | 16.39 | 12.14 |
| Net Profit / Share (Rs.) | 9.81 | 12.24 | 13.54 | 11.90 | 9.09 |
| NP After MI And SOA / Share (Rs.) | 9.81 | 12.24 | 13.54 | 11.90 | 9.09 |
| PBDIT Margin (%) | 15.10 | 14.42 | 16.06 | 14.11 | 14.28 |
| PBIT Margin (%) | 12.22 | 11.60 | 13.41 | 11.44 | 10.38 |
| PBT Margin (%) | 9.63 | 10.82 | 12.25 | 9.58 | 6.94 |
| Net Profit Margin (%) | 6.34 | 8.00 | 9.03 | 6.95 | 5.20 |
| NP After MI And SOA Margin (%) | 6.34 | 8.00 | 9.03 | 6.95 | 5.20 |
| Return on Networth / Equity (%) | 7.12 | 9.48 | 11.50 | 17.61 | 10.63 |
| Return on Capital Employeed (%) | 12.50 | 13.44 | 16.60 | 22.15 | 16.49 |
| Return On Assets (%) | 5.28 | 7.11 | 8.53 | 7.93 | 4.63 |
| Long Term Debt / Equity (X) | 0.07 | 0.00 | 0.01 | 0.26 | 0.23 |
| Total Debt / Equity (X) | 0.15 | 0.14 | 0.16 | 0.72 | 0.81 |
| Asset Turnover Ratio (%) | 0.86 | 0.92 | 1.05 | 0.00 | 0.62 |
| Current Ratio (X) | 3.21 | 2.91 | 2.90 | 1.64 | 1.43 |
| Quick Ratio (X) | 2.15 | 1.94 | 1.81 | 0.84 | 0.81 |
| Inventory Turnover Ratio (X) | 4.09 | 2.13 | 1.95 | 0.00 | 1.37 |
| Dividend Payout Ratio (NP) (%) | 10.20 | 8.17 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 7.01 | 6.04 | 0.00 | 0.00 | 0.00 |
| Earning Retention Ratio (%) | 89.80 | 91.83 | 0.00 | 0.00 | 0.00 |
| Cash Earning Retention Ratio (%) | 92.99 | 93.96 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio (X) | 24.25 | 18.65 | 13.83 | 7.60 | 4.16 |
| Interest Coverage Ratio (Post Tax) (X) | 14.34 | 11.35 | 8.78 | 4.74 | 2.51 |
| Enterprise Value (Cr.) | 3524.95 | 3698.78 | 3094.10 | 0.00 | 0.00 |
| EV / Net Operating Revenue (X) | 2.50 | 2.66 | 2.27 | 0.00 | 0.00 |
| EV / EBITDA (X) | 16.57 | 18.42 | 14.12 | 0.00 | 0.00 |
| MarketCap / Net Operating Revenue (X) | 2.42 | 2.62 | 2.24 | 0.00 | 0.00 |
| Retention Ratios (%) | 89.79 | 91.82 | 0.00 | 0.00 | 0.00 |
| Price / BV (X) | 2.71 | 3.10 | 2.85 | 0.00 | 0.00 |
| Price / Net Operating Revenue (X) | 2.42 | 2.62 | 2.24 | 0.00 | 0.00 |
| EarningsYield | 0.02 | 0.03 | 0.04 | 0.00 | 0.00 |
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.
Strength and Weakness
| Strength | Weakness |
|---|---|
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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 Harsha Engineers International Ltd:
- Net Profit Margin: 6.34%
- 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.
- ROCE: 12.5% (Industry Average ROCE: 357.66%)
- 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.
- ROE%: 7.12% (Industry Average ROE: 11.88%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 14.34
- 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.
- Quick Ratio: 2.15
- 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.
- Stock P/E: 25.9 (Industry average Stock P/E: 51.64)
- 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.
- Total Debt / Equity: 0.15
- 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.
Stock Rating: - Net Profit Margin: 6.34%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Domestic Appliances | NH-8A, Sarkhej-Bavla Highway, Ahmedabad Gujarat 382213 | sec@harshaengineers.com http://www.harshaengineers.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Rajendra Shah | Chairman & Wholetime Director |
| Mr. Harish Rangwala | Managing Director |
| Mr. Vishal Rangwala | WholeTime Director & CEO |
| Mr. Pilak Shah | Whole Time Director & COO |
| Ms. Hetal Ukani | Whole Time Director |
| Mr. Ambar Patel | Independent Director |
| Mr. Kunal Shah | Independent Director |
| Dr. Bhushan Punani | Independent Director |
| Mr. Ramakrishnan Kasinathan | Independent Director |
| Ms. Priyanka Agarwal Chopra | Independent Director |
FAQ
What is the intrinsic value of Harsha Engineers International Ltd?
Harsha Engineers International Ltd's intrinsic value (as of 19 December 2025) is 186.60 which is 50.11% lower the current market price of 374.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 3,404 Cr. market cap, FY2025-2026 high/low of 531/330, reserves of ₹1,244 Cr, and liabilities of 1,545 Cr.
What is the Market Cap of Harsha Engineers International Ltd?
The Market Cap of Harsha Engineers International Ltd is 3,404 Cr..
What is the current Stock Price of Harsha Engineers International Ltd as on 19 December 2025?
The current stock price of Harsha Engineers International Ltd as on 19 December 2025 is 374.
What is the High / Low of Harsha Engineers International Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Harsha Engineers International Ltd stocks is 531/330.
What is the Stock P/E of Harsha Engineers International Ltd?
The Stock P/E of Harsha Engineers International Ltd is 25.9.
What is the Book Value of Harsha Engineers International Ltd?
The Book Value of Harsha Engineers International Ltd is 147.
What is the Dividend Yield of Harsha Engineers International Ltd?
The Dividend Yield of Harsha Engineers International Ltd is 0.27 %.
What is the ROCE of Harsha Engineers International Ltd?
The ROCE of Harsha Engineers International Ltd is 13.5 %.
What is the ROE of Harsha Engineers International Ltd?
The ROE of Harsha Engineers International Ltd is 6.11 %.
What is the Face Value of Harsha Engineers International Ltd?
The Face Value of Harsha Engineers International Ltd is 10.0.