Share Price and Basic Stock Data
Last Updated: November 7, 2025, 7:36 pm
| PEG Ratio | 0.16 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Harshdeep Hortico Ltd operates in the plastics sector, specializing in plastic and plastic products. The company reported a market capitalization of ₹164 Cr and a share price of ₹102. In the fiscal year ending March 2024, Harshdeep recorded sales of ₹48.25 Cr, which increased to ₹56.26 Cr by March 2025. This growth trajectory reflects a significant uptick from the previous year’s zero sales, indicating a recovery and expansion in operations. The quarterly revenue figures further illustrate this trend, with sales standing at ₹25.27 Cr in March 2024 and projected to rise to ₹31.45 Cr by March 2025. This upward momentum is crucial for the company as it transitions from a nascent stage to a more established player within the industry.
Profitability and Efficiency Metrics
Harshdeep Hortico demonstrated noteworthy profitability metrics in its latest financials. The operating profit margin (OPM) rose from 22.07% in March 2024 to 26.38% in March 2025, indicating improved operational efficiency. The net profit stood at ₹9.70 Cr for FY 2025, showcasing a substantial increase from ₹6.55 Cr in FY 2024. This aligns with the growth in sales and reflects effective cost management. The company maintained a return on equity (ROE) of 23.0% and a return on capital employed (ROCE) of 27.1%, both of which are competitive relative to typical sector ranges. However, the cash conversion cycle (CCC) was reported at a lengthy 322.83 days, suggesting potential inefficiencies in inventory management and receivables collection that could impact liquidity.
Balance Sheet Strength and Financial Ratios
Harshdeep Hortico’s balance sheet reflects a robust financial position. The company reported no borrowings, which places it in a favorable light compared to many peers that carry debt. Reserves increased to ₹31.33 Cr by March 2025, reflecting retained earnings and strengthening shareholder equity. The current ratio stood at an impressive 5.70, indicating strong liquidity, while the quick ratio of 2.40 further emphasizes the company’s ability to meet short-term liabilities. The price-to-book value ratio (P/BV) of 2.22x suggests that the stock is trading at a premium to its book value, a common scenario for companies with strong growth prospects. However, the interest coverage ratio (ICR) reported at 0.00x, due to the absence of interest expenses, highlights the lack of leverage but also the potential for limited growth through debt financing.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Harshdeep Hortico reveals a strong promoter holding of 72.77% as of March 2025, which is a positive indicator of management commitment. The public holds a 27.23% stake, while foreign institutional investors (FIIs) and domestic institutional investors (DIIs) have negligible participation, with FIIs at 0.00% and DIIs at 0.00%. The number of shareholders decreased slightly to 731 as of March 2025 from 768 in September 2024, which may suggest a consolidation of ownership. High promoter shareholding typically instills confidence among investors, as it indicates alignment of interests between management and shareholders. However, the lack of institutional interest could be a concern for potential investors looking for stability and support from institutional investors.
Outlook, Risks, and Final Insight
Looking forward, Harshdeep Hortico is positioned for growth, driven by its increasing sales and profitability metrics. However, it faces several risks, including the high cash conversion cycle, which could impede liquidity and operational flexibility. Additionally, the absence of debt may limit growth opportunities that could be funded through leverage. The company’s reliance on promoter holdings could also raise concerns regarding governance and decision-making, particularly if institutional investors remain disengaged. Nonetheless, the strong financial fundamentals and improving profitability provide a solid foundation for future expansion. Should the company manage its inventory and receivables more effectively, it could enhance its liquidity position and appeal to a broader investor base, paving the way for sustained growth in the competitive plastics sector.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Harshdeep Hortico Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Multibase India Ltd | 302 Cr. | 239 | 622/222 | 23.1 | 62.2 | 22.2 % | 18.6 % | 13.8 % | 10.0 |
| Harshdeep Hortico Ltd | 160 Cr. | 99.2 | 116/56.0 | 14.3 | 33.0 | 0.00 % | 27.1 % | 23.0 % | 10.0 |
| TPL Plastech Ltd | 525 Cr. | 67.3 | 116/60.0 | 21.4 | 18.9 | 1.49 % | 19.8 % | 17.0 % | 2.00 |
| Supreme Industries Ltd | 48,667 Cr. | 3,831 | 5,157/3,020 | 57.4 | 450 | 0.89 % | 22.0 % | 17.1 % | 2.00 |
| Sintex Plastics Technology Ltd | 67.4 Cr. | 1.06 | / | 0.31 | 0.00 % | % | % | 1.00 | |
| Industry Average | 6,662.13 Cr | 654.03 | 37.53 | 181.66 | 2.74% | 15.82% | 12.96% | 6.10 |
Quarterly Result
| Metric | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Sales | 0.00 | 22.97 | 25.27 | 24.75 | 31.45 |
| Expenses | 0.00 | 18.85 | 19.40 | 18.96 | 22.50 |
| Operating Profit | 0.00 | 4.12 | 5.87 | 5.79 | 8.95 |
| OPM % | 17.94% | 23.23% | 23.39% | 28.46% | |
| Other Income | 0.00 | 0.04 | 0.13 | 0.17 | 0.06 |
| Interest | 0.00 | 0.01 | 0.42 | 0.01 | 0.00 |
| Depreciation | 0.00 | 0.71 | 0.78 | 0.85 | 2.70 |
| Profit before tax | 0.00 | 3.44 | 4.80 | 5.10 | 6.31 |
| Tax % | 28.20% | 25.00% | 17.25% | 13.15% | |
| Net Profit | 0.00 | 2.47 | 3.60 | 4.23 | 5.48 |
| EPS in Rs | 0.00 | 354.38 | 2.24 | 2.63 | 3.40 |
Last Updated: May 31, 2025, 5:45 am
Below is a detailed analysis of the quarterly data for Harshdeep Hortico Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Sales, as of Mar 2025, the value is 31.45 Cr.. The value appears strong and on an upward trend. It has increased from 24.75 Cr. (Sep 2024) to 31.45 Cr., marking an increase of 6.70 Cr..
- For Expenses, as of Mar 2025, the value is 22.50 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 18.96 Cr. (Sep 2024) to 22.50 Cr., marking an increase of 3.54 Cr..
- For Operating Profit, as of Mar 2025, the value is 8.95 Cr.. The value appears strong and on an upward trend. It has increased from 5.79 Cr. (Sep 2024) to 8.95 Cr., marking an increase of 3.16 Cr..
- For OPM %, as of Mar 2025, the value is 28.46%. The value appears strong and on an upward trend. It has increased from 23.39% (Sep 2024) to 28.46%, marking an increase of 5.07%.
- For Other Income, as of Mar 2025, the value is 0.06 Cr.. The value appears to be declining and may need further review. It has decreased from 0.17 Cr. (Sep 2024) to 0.06 Cr., marking a decrease of 0.11 Cr..
- For Interest, as of Mar 2025, the value is 0.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.01 Cr. (Sep 2024) to 0.00 Cr., marking a decrease of 0.01 Cr..
- For Depreciation, as of Mar 2025, the value is 2.70 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.85 Cr. (Sep 2024) to 2.70 Cr., marking an increase of 1.85 Cr..
- For Profit before tax, as of Mar 2025, the value is 6.31 Cr.. The value appears strong and on an upward trend. It has increased from 5.10 Cr. (Sep 2024) to 6.31 Cr., marking an increase of 1.21 Cr..
- For Tax %, as of Mar 2025, the value is 13.15%. The value appears to be improving (decreasing) as expected. It has decreased from 17.25% (Sep 2024) to 13.15%, marking a decrease of 4.10%.
- For Net Profit, as of Mar 2025, the value is 5.48 Cr.. The value appears strong and on an upward trend. It has increased from 4.23 Cr. (Sep 2024) to 5.48 Cr., marking an increase of 1.25 Cr..
- For EPS in Rs, as of Mar 2025, the value is 3.40. The value appears strong and on an upward trend. It has increased from 2.63 (Sep 2024) to 3.40, marking an increase of 0.77.
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
| Metric | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Sales | 0.00 | 48.25 | 56.26 |
| Expenses | 0.00 | 37.60 | 41.42 |
| Operating Profit | 0.00 | 10.65 | 14.84 |
| OPM % | 22.07% | 26.38% | |
| Other Income | 0.00 | 0.14 | 0.15 |
| Interest | 0.00 | 0.58 | 0.03 |
| Depreciation | 0.00 | 1.49 | 3.55 |
| Profit before tax | 0.00 | 8.72 | 11.41 |
| Tax % | 24.89% | 14.99% | |
| Net Profit | 0.00 | 6.55 | 9.70 |
| EPS in Rs | 0.00 | 4.07 | 6.03 |
| Dividend Payout % | 0.00% | 0.00% |
YoY Net Profit Growth
| Year | 2024-2025 |
|---|---|
| YoY Net Profit Growth (%) | 48.09% |
| Change in YoY Net Profit Growth (%) | 0.00% |
Harshdeep Hortico Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 1 years from 2024-2025 to 2024-2025.
No data available for the compounded sales growth chart.
No data available for the Balance Sheet data table.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Free Cash Flow | 0.00 | 10.65 | 14.84 |
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 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Debtor Days | 83.36 | 85.38 | |
| Inventory Days | 153.42 | 282.69 | |
| Days Payable | 49.99 | 45.24 | |
| Cash Conversion Cycle | 186.79 | 322.83 | |
| Working Capital Days | 178.00 | 203.33 | |
| ROCE % | 50.04% | 27.06% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 |
|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 6.03 | 4.07 | -0.54 |
| Diluted EPS (Rs.) | 6.03 | 4.56 | -0.54 |
| Cash EPS (Rs.) | 8.23 | 5.00 | -0.54 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 29.46 | 23.07 | 9.46 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 29.46 | 23.07 | 9.46 |
| Revenue From Operations / Share (Rs.) | 34.96 | 29.98 | 0.00 |
| PBDIT / Share (Rs.) | 9.29 | 6.70 | -0.54 |
| PBIT / Share (Rs.) | 7.09 | 5.78 | -0.54 |
| PBT / Share (Rs.) | 7.09 | 5.42 | -0.54 |
| Net Profit / Share (Rs.) | 6.03 | 4.07 | -0.54 |
| PBDIT Margin (%) | 26.58 | 22.35 | 0.00 |
| PBIT Margin (%) | 20.27 | 19.27 | 0.00 |
| PBT Margin (%) | 20.27 | 18.06 | 0.00 |
| Net Profit Margin (%) | 17.24 | 13.57 | 0.00 |
| Return on Networth / Equity (%) | 20.45 | 17.64 | -5.70 |
| Return on Capital Employeed (%) | 23.96 | 25.04 | -5.70 |
| Return On Assets (%) | 17.71 | 14.57 | -5.52 |
| Asset Turnover Ratio (%) | 1.13 | 2.14 | 0.00 |
| Current Ratio (X) | 5.70 | 4.38 | 30.56 |
| Quick Ratio (X) | 2.40 | 2.85 | 30.56 |
| Inventory Turnover Ratio (X) | 3.16 | 0.00 | 0.00 |
| Interest Coverage Ratio (X) | 0.00 | 18.59 | 0.00 |
| Interest Coverage Ratio (Post Tax) (X) | 0.00 | 12.29 | 0.00 |
| Enterprise Value (Cr.) | 102.89 | 65.28 | 0.00 |
| EV / Net Operating Revenue (X) | 1.83 | 1.35 | 0.00 |
| EV / EBITDA (X) | 6.88 | 6.05 | 0.00 |
| MarketCap / Net Operating Revenue (X) | 1.87 | 1.39 | 0.00 |
| Price / BV (X) | 2.22 | 1.81 | 0.00 |
| Price / Net Operating Revenue (X) | 1.87 | 1.39 | 0.00 |
| EarningsYield | 0.09 | 0.09 | 0.00 |
After reviewing the key financial ratios for Harshdeep Hortico 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 6.03. This value is within the healthy range. It has increased from 4.07 (Mar 24) to 6.03, marking an increase of 1.96.
- For Diluted EPS (Rs.), as of Mar 25, the value is 6.03. This value is within the healthy range. It has increased from 4.56 (Mar 24) to 6.03, marking an increase of 1.47.
- For Cash EPS (Rs.), as of Mar 25, the value is 8.23. This value is within the healthy range. It has increased from 5.00 (Mar 24) to 8.23, marking an increase of 3.23.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 29.46. It has increased from 23.07 (Mar 24) to 29.46, marking an increase of 6.39.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 29.46. It has increased from 23.07 (Mar 24) to 29.46, marking an increase of 6.39.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 34.96. It has increased from 29.98 (Mar 24) to 34.96, marking an increase of 4.98.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 9.29. This value is within the healthy range. It has increased from 6.70 (Mar 24) to 9.29, marking an increase of 2.59.
- For PBIT / Share (Rs.), as of Mar 25, the value is 7.09. This value is within the healthy range. It has increased from 5.78 (Mar 24) to 7.09, marking an increase of 1.31.
- For PBT / Share (Rs.), as of Mar 25, the value is 7.09. This value is within the healthy range. It has increased from 5.42 (Mar 24) to 7.09, marking an increase of 1.67.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 6.03. This value is within the healthy range. It has increased from 4.07 (Mar 24) to 6.03, marking an increase of 1.96.
- For PBDIT Margin (%), as of Mar 25, the value is 26.58. This value is within the healthy range. It has increased from 22.35 (Mar 24) to 26.58, marking an increase of 4.23.
- For PBIT Margin (%), as of Mar 25, the value is 20.27. This value exceeds the healthy maximum of 20. It has increased from 19.27 (Mar 24) to 20.27, marking an increase of 1.00.
- For PBT Margin (%), as of Mar 25, the value is 20.27. This value is within the healthy range. It has increased from 18.06 (Mar 24) to 20.27, marking an increase of 2.21.
- For Net Profit Margin (%), as of Mar 25, the value is 17.24. This value exceeds the healthy maximum of 10. It has increased from 13.57 (Mar 24) to 17.24, marking an increase of 3.67.
- For Return on Networth / Equity (%), as of Mar 25, the value is 20.45. This value is within the healthy range. It has increased from 17.64 (Mar 24) to 20.45, marking an increase of 2.81.
- For Return on Capital Employeed (%), as of Mar 25, the value is 23.96. This value is within the healthy range. It has decreased from 25.04 (Mar 24) to 23.96, marking a decrease of 1.08.
- For Return On Assets (%), as of Mar 25, the value is 17.71. This value is within the healthy range. It has increased from 14.57 (Mar 24) to 17.71, marking an increase of 3.14.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.13. It has decreased from 2.14 (Mar 24) to 1.13, marking a decrease of 1.01.
- For Current Ratio (X), as of Mar 25, the value is 5.70. This value exceeds the healthy maximum of 3. It has increased from 4.38 (Mar 24) to 5.70, marking an increase of 1.32.
- For Quick Ratio (X), as of Mar 25, the value is 2.40. This value exceeds the healthy maximum of 2. It has decreased from 2.85 (Mar 24) to 2.40, marking a decrease of 0.45.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 3.16. This value is below the healthy minimum of 4. It has increased from 0.00 (Mar 24) to 3.16, marking an increase of 3.16.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 3. It has decreased from 18.59 (Mar 24) to 0.00, marking a decrease of 18.59.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 3. It has decreased from 12.29 (Mar 24) to 0.00, marking a decrease of 12.29.
- For Enterprise Value (Cr.), as of Mar 25, the value is 102.89. It has increased from 65.28 (Mar 24) to 102.89, marking an increase of 37.61.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.83. This value is within the healthy range. It has increased from 1.35 (Mar 24) to 1.83, marking an increase of 0.48.
- For EV / EBITDA (X), as of Mar 25, the value is 6.88. This value is within the healthy range. It has increased from 6.05 (Mar 24) to 6.88, marking an increase of 0.83.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.87. This value is within the healthy range. It has increased from 1.39 (Mar 24) to 1.87, marking an increase of 0.48.
- For Price / BV (X), as of Mar 25, the value is 2.22. This value is within the healthy range. It has increased from 1.81 (Mar 24) to 2.22, marking an increase of 0.41.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.87. This value is within the healthy range. It has increased from 1.39 (Mar 24) to 1.87, marking an increase of 0.48.
- For EarningsYield, as of Mar 25, the value is 0.09. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.09.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
Unable to fetch valid data for stock valuation.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 Harshdeep Hortico Ltd:
- Net Profit Margin: 17.24%
- 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: 23.96% (Industry Average ROCE: 15.82%)
- 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%: 20.45% (Industry Average ROE: 12.96%)
- 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): 0
- 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: 2.4
- 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: 14.3 (Industry average Stock P/E: 37.53)
- 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
- 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: 17.24%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Plastics - Plastic & Plastic Products | Building No.1, Shree Sai Logistics, Survey No.18/2E 18/2P 17/2A, 17/2B Part, Thane Maharashtra 421302 | info@harshdeepindia.com https://www.harshdeepindia.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Hitesh Chunilal Shah | Chairman & Managing Director |
| Mr. Harshit Hitesh Shah | WholeTime Director & CFO |
| Ms. Dipti Hitesh Shah | Non Executive Director |
| Mr. Megh Hitesh Shah | Non Executive Director |
| Mr. Arjun Manish Bhanushali | Ind. Non-Executive Director |
| Mr. Dhruva Hemandra Parekh | Ind. Non-Executive Director |
| Mr. Shankar Keshava Vailaya | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of Harshdeep Hortico Ltd?
Harshdeep Hortico Ltd's intrinsic value (as of 08 November 2025) is 88.57 which is 10.72% lower the current market price of 99.20, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 160 Cr. market cap, FY2025-2026 high/low of 116/56.0, reserves of ₹31.33 Cr, and liabilities of 54.74 Cr.
What is the Market Cap of Harshdeep Hortico Ltd?
The Market Cap of Harshdeep Hortico Ltd is 160 Cr..
What is the current Stock Price of Harshdeep Hortico Ltd as on 08 November 2025?
The current stock price of Harshdeep Hortico Ltd as on 08 November 2025 is 99.2.
What is the High / Low of Harshdeep Hortico Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Harshdeep Hortico Ltd stocks is 116/56.0.
What is the Stock P/E of Harshdeep Hortico Ltd?
The Stock P/E of Harshdeep Hortico Ltd is 14.3.
What is the Book Value of Harshdeep Hortico Ltd?
The Book Value of Harshdeep Hortico Ltd is 33.0.
What is the Dividend Yield of Harshdeep Hortico Ltd?
The Dividend Yield of Harshdeep Hortico Ltd is 0.00 %.
What is the ROCE of Harshdeep Hortico Ltd?
The ROCE of Harshdeep Hortico Ltd is 27.1 %.
What is the ROE of Harshdeep Hortico Ltd?
The ROE of Harshdeep Hortico Ltd is 23.0 %.
What is the Face Value of Harshdeep Hortico Ltd?
The Face Value of Harshdeep Hortico Ltd is 10.0.