Harsha Engineers International Ltd Intrinsic Value & Share Price Analysis

Updated NSE: HARSHABSE: 543600
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GETAKA RESEARCH Company fundamentals

Business & price at a glance

Stored data · Not a live quote
Share price₹462.00Price record: 26 September 2026, 8:19 am +05:30
Model estimate₹151.73Limited confidence · 3 model(s)
Return on capital15.80%ROCE · Latest stored data
Earnings multiple23.40×P/E · Compare with similar businesses
VALUATION CONTEXT

The model estimate is 67.2% below the stored share price. This gap depends on the valuation assumptions; it is not a predicted price move. Indicative estimate. Earnings vary too sharply for a stable-earnings estimate. Check cyclicality and exceptional items.

Explore the models
LATEST QUARTER

Revenue

+16.6%

Jun 2026 vs Jun 2025

Reported revenue: ₹316 Cr
LATEST QUARTER

Net profit

+7.0%

Jun 2026 vs Jun 2025

Reported net profit: ₹46 Cr
EARNINGS CHECK

Profit into cash

0.75×

Operating cash flow / net profit

Matched annual period: Mar 2026

₹0.75 of operating cash for each ₹1 of reported profit.

WHAT TO WATCH

Latest-quarter profit rose 7.0% year on year; profit across the last four reported quarters rose 350.0%. Read the latest quarter alongside the longer trend.

View financials
Reporting dates, coverage & sources

Annual: Mar 2026 · Quarterly: Jun 2026 · Cash flow: Mar 2026. These sections refresh independently. A recent price update does not mean the financial statements are current.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

CONNECT THE NUMBERS

What the numbers reveal

See how growth, cash and financing fit together. Open any measure for its interpretation and source.

6 measures available

Quarterly net margin

14.56%

-1.31 pp year on year

Jun 2026 vs Jun 2025
Why it matters & source

Each ₹100 of revenue produced ₹14.56 of reported net profit. Compare the change with tax and other-income movements.

Net profit ÷ revenue × 100. Change is in percentage points (pp), not percent growth.

Current: ₹46.00 Cr profit / ₹316.00 Cr revenue. Prior: ₹43.00 Cr / ₹271.00 Cr.

View source table

Revenue momentum gap

+1.09pp

Latest quarter +16.6% · trailing year +15.5%

Eight consecutive quarters ending Jun 2026
Why it matters & source

The latest quarter grew faster than the four-quarter trend. This comparison describes momentum; it does not predict the next quarter.

Latest-quarter revenue YoY growth minus revenue growth of the latest four quarters against the preceding four.

Latest quarter: ₹316.00 Cr vs ₹271.00 Cr. Four-quarter totals: ₹1,273.00 Cr vs ₹1,102.00 Cr.

View source table

Three-year cash backing

1.37×

Operating cash / reported profit

Mar 2024–Mar 2026 · 3 matched years
Why it matters & source

For every ₹1 of reported profit, the business generated ₹1.37 of operating cash across the matched years. Working capital, taxes and non-cash items can explain a gap.

Sum of operating cash flow ÷ sum of net profit over three consecutive, matching annual periods. This is not an average of yearly ratios.

Operating cash: ₹466.00 Cr. Net profit: ₹339.00 Cr.

View source table

Interest coverage

80.00×

Earnings before interest and tax / interest

Mar 2026 · annual P&L
Why it matters & source

Reported earnings before interest and tax cover the interest expense 80.0 times. Other income is included; principal repayments are not.

(Profit before tax + interest expense) ÷ interest expense.

Profit before tax: ₹237.00 Cr. Interest: ₹3.00 Cr.

View source table

Borrowings / book equity

0.03×

₹3.15 borrowed per ₹100 of equity

Mar 2026 · balance sheet
Why it matters & source

This compares reported borrowings with equity capital plus reserves. It is gross borrowing, not net debt; reserves are not cash.

Borrowings ÷ (equity capital + reserves), from the same balance-sheet date.

Borrowings: ₹45.00 Cr. Equity capital: ₹91.00 Cr. Reserves: ₹1,338.00 Cr.

View source table

Cash cycle change

-23days

182 days now · 205 days before

Mar 2025 vs Mar 2024
Why it matters & source

A shorter cycle can reduce the time cash is tied up in operations. A longer supplier-payment period can also shorten it, so read the components.

Cash cycle = debtor days + inventory days − payable days. Change = current cycle − prior-year cycle.

Current: 81 + 178 − 77 days. Prior: 91 + 180 − 66 days.

View source table
What growth does this price require?Change the assumptions and see the earnings hurdle

Start with the stored P/E of 23.40×. If the future P/E is lower, earnings must work harder to deliver the same price return.

Illustrative assumptions — edit to test your own
Required annual EPS growth16.5%

For a 10% annual price return over 5 years at a future P/E of 17.55×.

Defaults illustrate a 25% fall in P/E, 10% annual price return and five years. They are assumptions, not forecasts. This is EPS growth, not total-profit growth; changes in share count matter. Dividends, taxes and costs are excluded.

Formula & data basis

Required growth = (1 + annual price return) × (current P/E ÷ future P/E)1 / years − 1. Returns and growth use decimals in this formula.

Uses the stored P/E and its underlying earnings basis, which may differ from the dated financial tables. Quote record: 26 September 2026, 8:19 am +05:30.

Periods are matched within each calculation; different measures may use different reporting dates. Derived from the stored tables, not live filings. Check the source reporting basis before comparing companies. About ratio analysis.

Intrinsic value & reliability

Indicative estimateLimited confidence · 3 contributing models · 3 references · 10 methods checked
Intrinsic value estimate₹151.73
Model sensitivity range₹95.86 – ₹221.86

This is an assumption-based valuation, not a price target or a probability range. The number remains available for research; the evidence does not justify a firm overvalued/undervalued label.

Earnings basis: 3 reported annual EPS period(s), ending Mar 2026. The earnings-power model assumes no growth; growth businesses may trade well above that benchmark.

What limits confidence

  • Earnings vary too sharply for a stable-earnings estimate. Check cyclicality and exceptional items.
  • Limited model coverage: the available models can estimate value, but related earnings formulas are not independent confirmation. No firm valuation label is given.

Annual earnings: Mar 2026 · Quarter: Jun 2026 · Balance sheet: Mar 2026. The price-update date does not refresh these financial statements.

Statement source: Screener company financials. Detailed cash/debt schedules: awaiting a validated refresh. Refreshes run outside Indian market hours.

All 10 valuation methods

All ten methods are assessed below; calculations appear when the required inputs are usable. Open a row’s details to see the formula, assumptions or missing data. Reference-only results do not change the intrinsic-value estimate.

MethodValue / shareUse in estimateCalculation & inputs
Justified P/E from ROE₹117.16Included in estimate · 33.3%
Formula & sensitivity

Normalised EPS × (1 + g) × (1 − g / ROE) ÷ (cost of equity − g). Matched opening-equity ROE 11.29%; sustainable growth 3%; assumed equity return 12% (10%–14%). The multiple comes from reinvestment economics, not the stock’s current market P/E.

Model range: ₹95.86 – ₹150.63.

Graham benchmark₹221.86Included in estimate · 33.3%
Formula & sensitivity

√(22.5 × normalised EPS × matched-year book value per share). A conservative historical benchmark, not a growth-company DCF.

Model range: ₹221.86 – ₹221.86.

Normalised earnings power₹116.17Included in estimate · 33.3%
Formula & sensitivity

Median of 3 reported annual EPS period(s), ending Mar 2026 ÷ assumed required return. Base 12%; sensitivity 10%–14%. A no-growth earnings-power benchmark; debt is not deducted twice.

Model range: ₹99.57 – ₹139.40.

Discounted cash flowNot availableNeeds inputs / not applicable
See missing inputs

Missing matched cash equivalents. A cash-flow valuation also needs usable FCFE components or three matched years of operating reinvestment inputs; non-positive equity results are not forced to zero.

Net assets / book equity₹156.93Reference only
Formula & sensitivity

Dated share capital + reserves divided by current implied shares. Accounting net assets, not a property appraisal or liquidation value; excluded from the intrinsic-value blend.

Model range: ₹156.93 – ₹156.93.

Peer EV/EBITDANot availableNeeds inputs / not applicable
See missing inputs

Missing matched cash equivalents.

Dividend discount₹11.63Reference only
Formula & sensitivity

Median matched EPS × payout. Three positive payout years (up to 100%; spread ≤30 percentage points). Five-year dividend growth limited to −5%…5%; terminal growth ≤2%; discount-rate sensitivity 10%–14%. Values the continuation of the observed distribution policy; low payout can give a low dividend value despite valuable retained earnings. Median payout is below 30%; this continuation-of-dividends scenario does not value retained earnings adequately and is a reference with zero blend weight.

Model range: ₹9.65 – ₹14.59.

Earnings-yield benchmark₹116.17Reference only
Formula & sensitivity

Normalised EPS ÷ assumed earnings yield (12%; range 10%–14%). Mathematically the same no-growth estimate as earnings power, so it is displayed once as a reference and has zero extra blend weight.

Model range: ₹99.57 – ₹139.40.

ROCE / economic value addedNot availableNeeds inputs / not applicable
See missing inputs

Missing matched cash equivalents.

Peer EV/revenueNot availableNeeds inputs / not applicable
See missing inputs

Missing matched cash equivalents.

Equal weight per eligible model family, then equal weight within each family. Accounting, duplicate and peer-market references have zero intrinsic-value weight. The headline range covers contributing models and discount-rate sensitivity, not a confidence interval. Reference scenarios have their own ranges in the table.

Model assumptions and limitations

Growth, required returns and competitive fade are disclosed model assumptions. Cash, investments, debt and minority interests use book amounts as proxies; fair-value adjustments can materially change enterprise estimates. Reference-only methods and duplicate earnings-yield calculations have zero blend weight. Book value is an accounting reference, not a liquidation-value estimate or an automatic fair price.

How the safeguards work

A usable model provides an indicative estimate even when other inputs are missing. Older results, short histories, limited model coverage and cash-quality concerns reduce confidence instead of hiding every value. An annual earnings series whose latest period is older than 36 months is not reused; four consecutive quarters can provide a fallback when annual EPS is absent. Known earnings/share-basis conflicts and trailing losses exclude affected earnings models. Book-value problems exclude book-dependent models without removing a usable earnings-power model. Justified P/E uses matched ROE and reinvestment assumptions, never the current market P/E as its valuation multiple.

Financial businesses can use equity-earnings and eligible dividend models, with a sector-review warning. CFO is never substituted for free cash flow to equity. DCF uses verified FCFE or an explicit operating-reinvestment forecast; the latter and economic-profit valuation require matched debt, cash, investments and minority interests. Related enterprise models share one blend family. Low-payout dividends, accounting net assets, duplicate earnings yield and market peer multiples remain visible as references where appropriate. Extreme price gaps prompt a warning, not an invented price cap. An automatic overvalued/undervalued label requires three models across two families, consistent inputs, recent results and agreement across the full range.

Confidence describes evidence coverage, not a measured probability of accuracy. Even the moderate rating is an automated screen. Equity models assume a 12% required return (10%–14% sensitivity); enterprise models assume 10% WACC (8%–12%). These are disclosed scenarios, not measured company-specific costs of capital. A negative enterprise-to-equity sensitivity result indicates a claims shortfall, not a negative tradable share price. No-growth earnings power and Graham are conservative benchmarks; they do not fully capture future reinvestment or growth. Check current filings and corporate actions.

Method references: CFA Institute: cash-flow valuation · Damodaran: financial-service firms

Analysis summary

Data coverage: Price-data record updated 26 September 2026, 8:19 am +05:30. Annual results through Mar 2026; quarterly results through Jun 2026; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Harsha Engineers International Ltd: the indicative intrinsic value estimate is ₹151.73, with a model sensitivity range of ₹95.86–₹221.86. Confidence: Limited. Reference share price: ₹462.00. Assessment: Indicative estimate. This range reflects model and required-return assumptions, not forecast probability or a buy/sell recommendation. Earnings vary too sharply for a stable-earnings estimate. Check cyclicality and exceptional items. Limited model coverage: the available models can estimate value, but related earnings formulas are not independent confirmation. No firm valuation label is given.

Operating performance

Revenue for Mar 2026 was ₹1,228.00 Cr, versus ₹1,089.00 Cr in Mar 2025 (12.8% year on year). Net profit for Mar 2026 was ₹177.00 Cr, versus ₹35.00 Cr in Mar 2025 (405.7% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2026 period, operating cash flow was ₹132.00 Cr against net profit of ₹177.00 Cr. Cash flow covered 0.75 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement.

Balance-sheet check

Reported borrowings were ₹45.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The base required return is an assumed 12%, with 10%–14% sensitivity. Eligible dividend and FCFE models use capped terminal-growth assumptions explained in their model rows. Historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Business quality

72
Harsha Engineers International Ltd scores 72/100 (Strong)
Fundamental screening score · Business quality and valuation are separate checks.

Data coverage: 5/5 dimensions. Financial reporting periods vary by section.

Open a dimension to see what drives its score. Stored ratio feeds and reporting dates can differ from the matched financial-statement calculations in Connect the numbers.

Stock Health80/100 · Strong

Profitability, balance sheet strength, debt levels, profit consistency

ROCE 15.8% GoodROE 11.1% AverageD/E 0.15 Low debtInterest Coverage 24.3x StrongProfitable 5/5 available years Reported history
Ownership Trends85/100 · Strong

FII/DII trends, promoter changes, shareholder count shifts

FII holding +1.38 pp (Dec 2025 → Jun 2026) Share increasedDII holding +0.60 pp (Dec 2025 → Jun 2026) Share increasedPromoter holding at 75.0% Stable
Earnings Quality65/100 · Strong

Cash flow vs reported profit, margin trends, working capital efficiency

CFO/NP (3 matched years): 1.37x · Mar 2024–Mar 2026 Cash-backed earningsOPM stable around 18% SteadyWorking capital: 123 days Capital intensive
Quarterly Momentum80/100 · Strong

Recent 4-quarter revenue and profit growth vs prior year

Revenue (4Q): +16% YoY GrowingProfit (4Q): +350% YoY Strong
Peer Comparison50/100 · Moderate

P/E, ROCE, ROE, and growth vs industry averages

P/E 23.4 vs industry 49.7 Lower P/EROCE 15.8% vs industry 30.0% Below peers3Y sales CAGR: 6% Slow
How the quality score is calculated

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Peer Comparison 15% · Ownership Trends 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing dimensions are excluded and the remaining weights are rescaled. At least three dimensions are required for an overall score. Holding movements describe ownership shares, not proven trading flows. Broad industry groups and financial-sector accounting can limit comparability.

Share price & basic dataAll stored headline metrics · Expand table
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Share Price and Basic Stock Data

Last Updated: September 26, 2026, 8:19 am

Market Cap 4,207 Cr.
Current Price 462
Intrinsic Value₹151.73
High / Low 477/311
Stock P/E23.4
Book Value 157
Dividend Yield0.32 %
ROCE15.8 %
ROE11.1 %
Face Value 10.0
PEG Ratio3.37

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Share price and model value are rupee amounts; P/E is an earnings multiple. Use the axis labels and hover or tap for the dated values.

View Share Price Target for Harsha Engineers International Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Harsha Engineers International Ltd 4,207 Cr. 462 477/31123.4 1570.32 %15.8 %11.1 % 10.0
Hawkins Cookers Ltd 4,257 Cr. 8,048 9,600/7,02631.4 8421.74 %40.9 %31.7 % 10.0
Bajaj Electricals Ltd 3,681 Cr. 319 575/301 1260.94 %3.94 %0.10 % 2.00
Orient Electric Ltd 3,462 Cr. 162 218/14929.0 35.60.92 %19.9 %14.2 % 1.00
IFB Industries Ltd 4,965 Cr. 1,225 2,025/88329.1 2460.00 %19.5 %15.7 % 10.0
Industry Average8,589.45 Cr1,360.9849.72238.890.55%30.04%10.43%6.57

All Competitor Stocks of Harsha Engineers International Ltd

Quarterly resultsRevenue, profit and margins by quarter · Expand table

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales 226248256268259298258272268291271279322356316
Expenses 189197215228221246206231226256218228264286254
Operating Profit 375041403851524142355450586963
OPM % 16%20%16%15%15%17%20%15%16%12%20%18%18%20%20%
Other Income 136671178118-8512106107
Interest 112122211011111
Depreciation 666777777778878
Profit before tax 434939394050524442-585852567161
Tax % 26%25%23%24%25%25%25%26%25%16%25%26%25%25%25%
Net Profit 323730303038393331-674339425346
EPS in Rs 3.474.043.273.253.294.134.243.603.40-7.354.714.294.585.845.02

Last Updated: September 26, 2026, 10:49 pm

Quarterly Chart

Read each series across reporting quarters. Hover or tap a point for the period and value; check the quarterly table for the underlying figures.

Annual profit & lossYearly operating and earnings history · Expand table

Profit & Loss - Annual Report

Last Updated: September 26, 2026, 10:49 pm

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales 954441226015829561,0251,0811,0891,2281,273
Expenses 1014361365364917908489119199971,032
Operating Profit -68-156492166176170170232241
OPM % -6%1.7%-12%11%16%17%17%16%16%19%19%
Other Income 871164183130-573833
Interest 2811302721126433
Depreciation 0002017202327293030
Profit before tax -17-25305114317216880237241
Tax % -2%0%-30%33%26%26%25%24%56%25%
Net Profit -17-17203810612812735177180
EPS in Rs -0.463.28-8.624.027.6013.7314.1013.943.8819.4219.73
Dividend Payout % 0%0%0%0%0%0%7%7%26%8%

Profit & Loss Yearly Chart

Compare the earnings trend across financial years. Hover or tap for values, then check the annual statement for exceptional items.

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-20252025-2026
YoY Net Profit Growth (%)800.00%-342.86%217.65%90.00%178.95%20.75%-0.78%-72.44%405.71%
Change in YoY Net Profit Growth (%)0.00%-1142.86%560.50%-127.65%88.95%-158.19%-21.54%-71.66%478.16%

Harsha Engineers International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2017-2018 to 2025-2026.

No data available for the compounded sales growth chart.

Balance sheetAssets, equity and borrowings · Expand table
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Balance Sheet

Last Updated: August 20, 2026, 6:30 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 20202050507791919191
Reserves 29-83674114911,0331,1541,1781,338
Borrowings 27167122319252290901022445
Other Liabilities 3725583170169204141181192227
Total Liabilities 864512169078811,0621,3551,5291,4861,702
Fixed Assets 011179181204239251264289
CWIP 000232117326
Investments 1297185188211399515541727
Other Assets 74441209541509645706757650681
Total Assets 864512169078811,0621,3551,5291,4861,702

Reserves and Borrowings Chart

Cash flow statementOperating, investing and financing flows · Expand table

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 27-107298410351119124210132
Cash from Investing Activity + -6-1315-380-75-306-162-121-132
Cash from Financing Activity + -21132-56-34-9514223-3-929
Net Cash Flow -012-11138-936-41-29
Free Cash Flow 27-10729338295190143104
CFO/OP -454%-1,352%-211%151%113%49%89%94%148%83%
Free cash flowCash remaining after capital expenditure · Expand table

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
PeriodMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Free Cash Flow27.00-107.0029.0033.0082.009.0051.0090.00143.00104.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Free cash flow shows what remains after capital expenditure. Large investment years can reduce it; read the cash flow statement alongside the trend.

Financial efficiencyWorking-capital and operating-cycle measures · Expand table

Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 21525742712010382789181
Inventory Days 83241200263209197180178
Days Payable 180236249106126101506677
Cash Conversion Cycle 4353219213240189225204182
Working Capital Days 111122781808289122126123
ROCE %12%-8%14%11%21%18%13%13%

Financial Efficiency Indicators Chart

Shareholding patternOwnership shares across reporting dates · Expand table

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 74.61%74.61%74.61%74.61%74.61%74.61%74.61%74.72%75.00%75.00%75.00%75.00%
FIIs 1.86%1.61%1.61%0.76%0.56%0.58%0.54%0.88%0.39%0.41%2.37%1.79%
DIIs 9.19%8.14%7.43%8.69%8.85%8.72%8.64%11.86%12.48%12.42%12.42%13.02%
Public 14.33%15.62%16.36%15.92%15.98%16.08%16.21%12.55%12.13%12.16%10.21%10.19%
No. of Shareholders 99,27496,52891,10778,30779,50077,77177,35278,46474,88672,68870,61568,521

Shareholding Pattern Chart

No. of Shareholders

Harsha Engineers International Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis
Mutual fund holdingsReported fund ownership · Expand table

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund 6,991,662 1.51 270.372,500,0002025-11-03 17:32:32179.67%
Nippon India Small Cap Fund 4,136,864 0.22 159.974,136,8642025-04-22 17:25:110%
ICICI Prudential Childrens Fund 153,845 0.42 5.95126,5912026-01-26 02:21:1021.53%

ROCE / ROE Trend

EPS Trend

Key financial ratiosAlternate ratio feed and dated comparisons · Expand table

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 9.8112.2414.5916.069.09
Diluted EPS (Rs.) 9.8112.2414.5911.905.88
Cash EPS (Rs.) 14.2616.5617.5116.4815.91
Book Value[Excl.RevalReserv]/Share (Rs.) 137.76129.09117.7267.5685.44
Book Value[Incl.RevalReserv]/Share (Rs.) 137.76129.09117.7267.5685.44
Revenue From Operations / Share (Rs.) 154.62152.93149.83171.07174.75
PBDIT / Share (Rs.) 23.3622.0624.0624.1524.96
PBIT / Share (Rs.) 18.9117.7420.1019.5718.14
PBT / Share (Rs.) 14.9016.5618.3616.3912.14
Net Profit / Share (Rs.) 9.8112.2413.5411.909.09
NP After MI And SOA / Share (Rs.) 9.8112.2413.5411.909.09
PBDIT Margin (%) 15.1014.4216.0614.1114.28
PBIT Margin (%) 12.2211.6013.4111.4410.38
PBT Margin (%) 9.6310.8212.259.586.94
Net Profit Margin (%) 6.348.009.036.955.20
NP After MI And SOA Margin (%) 6.348.009.036.955.20
Return on Networth / Equity (%) 7.129.4811.5017.6110.63
Return on Capital Employeed (%) 12.5013.4416.6022.1516.49
Return On Assets (%) 5.287.118.537.934.63
Long Term Debt / Equity (X) 0.070.000.010.260.23
Total Debt / Equity (X) 0.150.140.160.720.81
Asset Turnover Ratio (%) 0.860.921.050.000.62
Current Ratio (X) 3.212.912.901.641.43
Quick Ratio (X) 2.151.941.810.840.81
Inventory Turnover Ratio (X) 4.092.131.950.001.37
Dividend Payout Ratio (NP) (%) 10.208.170.000.000.00
Dividend Payout Ratio (CP) (%) 7.016.040.000.000.00
Earning Retention Ratio (%) 89.8091.830.000.000.00
Cash Earning Retention Ratio (%) 92.9993.960.000.000.00
Interest Coverage Ratio (X) 24.2518.6513.837.604.16
Interest Coverage Ratio (Post Tax) (X) 14.3411.358.784.742.51
Enterprise Value (Cr.) 3524.953698.783094.100.000.00
EV / Net Operating Revenue (X) 2.502.662.270.000.00
EV / EBITDA (X) 16.5718.4214.120.000.00
MarketCap / Net Operating Revenue (X) 2.422.622.240.000.00
Retention Ratios (%) 89.7991.820.000.000.00
Price / BV (X) 2.713.102.850.000.00
Price / Net Operating Revenue (X) 2.422.622.240.000.00
EarningsYield 0.020.030.040.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Harsha Engineers International Ltd and is it undervalued?

Harsha Engineers International Ltd: the indicative intrinsic value estimate is ₹151.73, with a model sensitivity range of ₹95.86–₹221.86. Confidence: Limited. Reference share price: ₹462.00. Assessment: Indicative estimate. This range reflects model and required-return assumptions, not forecast probability or a buy/sell recommendation. Earnings vary too sharply for a stable-earnings estimate. Check cyclicality and exceptional items. Limited model coverage: the available models can estimate value, but related earnings formulas are not independent confirmation. No firm valuation label is given. The Intrinsic value & reliability section explains eligible models, excluded methods and the review rules. A low P/E or a large price gap alone does not establish mispricing.

What share price and 52-week range are shown for Harsha Engineers International Ltd?

The stored share price is ₹462.00. Price-data record updated: 26 September 2026, 8:19 am +05:30. This is not a live quote. The stored 52-week high / low is 477/311; this is a rolling range, not a financial-year range.

How have Harsha Engineers International Ltd's revenue and profit changed?

Revenue for Mar 2026 was ₹1,228.00 Cr, versus ₹1,089.00 Cr in Mar 2025 (12.8% year on year). Net profit for Mar 2026 was ₹177.00 Cr, versus ₹35.00 Cr in Mar 2025 (405.7% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Does Harsha Engineers International Ltd's profit convert into cash?

For the same Mar 2026 period, operating cash flow was ₹132.00 Cr against net profit of ₹177.00 Cr. Cash flow covered 0.75 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement.

What should I check in Harsha Engineers International Ltd's balance sheet?

Reported borrowings were ₹45.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Harsha Engineers International Ltd's P/E with other stocks?

The stored P/E is 23.40. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Harsha Engineers International Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.

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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 Harsha Engineers International 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