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Last Updated: April 2, 2026, 4:45 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 505336 | NSE: HARSHILAGR

Harshil Agrotech Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2.55Undervalued by 589.19%vs CMP ₹0.37

P/E (15.0) × ROE (16.4%) × BV (₹1.27) × DY (2.00%)

Defaults: P/E=15

₹5.46Undervalued by 1,375.68%vs CMP ₹0.37
MoS: +93.2% (Strong)Confidence: 63/100 (Moderate)Models: 8 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2.6019%Under (+602.7%)
Graham NumberEarnings₹1.7717%Under (+378.4%)
Earnings PowerEarnings₹0.2211%Over (-40.5%)
DCFCash Flow₹1.2914%Under (+248.6%)
Net Asset ValueAssets₹1.287%Under (+245.9%)
EV/EBITDAEnterprise₹0.949%Under (+154.1%)
Earnings YieldEarnings₹1.107%Under (+197.3%)
ROCE CapitalReturns₹44.599%Under (+11951.4%)
Revenue MultipleRevenue₹0.696%Under (+86.5%)
Consensus (9 models)₹5.46100%Undervalued
Key Drivers: Wide model spread (₹0–₹45) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 2.1% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

55
Harshil Agrotech Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health69/100 · Strong
ROCE 17.4% GoodROE 16.4% GoodD/E 0.22 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 0.0% Stable
Earnings Quality55/100 · Moderate
OPM expanding (-45% → 13%) ImprovingWorking capital: 363 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +73% YoY AcceleratingProfit (4Q): -122% YoY DecliningOPM: -73.8% (down 94.6% YoY) Margin pressure
Industry Rank40/100 · Moderate
ROCE 17.4% vs industry 37.7% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:45 am

Market Cap 34.5 Cr.
Current Price 0.37
Intrinsic Value₹5.46
High / Low 3.86/0.31
Stock P/E
Book Value 1.27
Dividend Yield0.00 %
ROCE17.4 %
ROE16.4 %
Face Value 1.00
PEG Ratio0.00

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

View Share Price Target for Harshil Agrotech Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
KPT Industries Ltd 128 Cr. 376 1,028/33510.1 2180.80 %25.5 %22.5 % 5.00
Miven Machine Tools Ltd 19.7 Cr. 65.7 112/58.9 19.90.00 %%% 10.0
Incon Engineers Ltd 6.19 Cr. 14.3 16.4/9.31 1.250.00 %64.2 %% 10.0
Hittco Tools Ltd 7.26 Cr. 11.0 16.0/8.41 4.250.00 %3.21 %0.29 % 10.0
Harshil Agrotech Ltd 34.5 Cr. 0.37 3.86/0.31 1.270.00 %17.4 %16.4 % 1.00
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of Harshil Agrotech Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1.261.013.572.873.163.3211.3724.0525.732.3859.8942.297.25
Expenses 0.981.003.042.662.933.3110.1819.0620.382.9551.0747.4912.60
Operating Profit 0.280.010.530.210.230.011.194.995.35-0.578.82-5.20-5.35
OPM % 22.22%0.99%14.85%7.32%7.28%0.30%10.47%20.75%20.79%-23.95%14.73%-12.30%-73.79%
Other Income 0.08-0.040.000.000.000.100.030.050.03-0.010.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax 0.36-0.030.530.210.230.111.225.045.38-0.588.82-5.20-5.35
Tax % 25.00%-166.67%26.42%28.57%13.04%45.45%25.41%4.76%-1.86%34.48%25.85%-43.85%0.00%
Net Profit 0.260.010.390.160.200.050.904.805.48-0.786.53-2.91-5.36
EPS in Rs 0.170.010.260.010.010.000.050.050.06-0.010.07-0.03-0.06

Last Updated: March 3, 2026, 9:18 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 7:05 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 00010000041364112
Expenses 00000101031253114
Operating Profit -0-0-00-0-0-0-1-01111-2
OPM % 28%-70%-950%-106%17%8%17%-2%
Other Income 000000020000-0
Interest 0000000000000
Depreciation 0000000000000
Profit before tax -0-0-00-0-0-01-01111-2
Tax % -12%-61%-31%-100%-31%-26%-22%29%47%20%26%6%
Net Profit -0-0-00-0-0-01-01110-3
EPS in Rs -0.23-0.11-0.190.05-0.17-0.16-0.230.57-0.140.360.040.11-0.03
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2021-20222023-20242024-2025
YoY Net Profit Growth (%)-100.00%0.00%900.00%
Change in YoY Net Profit Growth (%)0.00%100.00%900.00%

Harshil Agrotech Ltd has shown a consistent positive trend in YoY Net Profit Growth (%) in the last 3 years from 2021-2022 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: January 7, 2026, 5:36 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.790.790.790.790.790.790.790.790.790.80117171
Reserves -1-1-1-1-2-2-2-1-1-014448
Borrowings 3334444011110
Other Liabilities 21111110131137
Total Liabilities 544443302423119126
Fixed Assets 4443333000000
CWIP 0000000000000
Investments 0000000000222
Other Assets 100100002420116124
Total Assets 544443302423119126

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -1-0-0-00-0-0-1-00-8-44
Cash from Investing Activity + 00000-005-00-2-0
Cash from Financing Activity + 1000-0-00-40-01093
Net Cash Flow -0-0000-000-00050
Free Cash Flow -1-0-0-00-0-0-1-0-0-8-44
CFO/OP 335%115%96%-188%-80%4%76%93%247%26%-749%-391%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-3.00-3.00-3.00-4.00-4.00-4.00-4.00-1.00-1.000.000.0010.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 4190274388367218267
Inventory Days 000000085
Days Payable 18
Cash Conversion Cycle 4190274388367218334
Working Capital Days -2,010-4,059-34,94943367260363
ROCE %-18%-15%-15%1%-12%-12%-19%-45%-34%86%16%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 70.03%70.03%5.19%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DIIs 0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 29.96%29.96%94.80%99.99%100.00%100.01%99.99%99.99%99.99%99.99%99.99%100.00%
No. of Shareholders 1,9291,9281,9561,9571,9591,9589,64645,89349,41286,9711,05,7651,14,591

Shareholding Pattern Chart

No. of Shareholders

Harshil Agrotech Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.150.746.79-2.6710.68
Diluted EPS (Rs.) 0.150.746.79-2.6710.68
Cash EPS (Rs.) 0.140.746.82-2.6812.23
Book Value[Excl.RevalReserv]/Share (Rs.) 1.6210.486.45-0.342.36
Book Value[Incl.RevalReserv]/Share (Rs.) 1.6210.486.45-0.342.36
Revenue From Operations / Share (Rs.) 0.8911.9747.992.070.00
PBDIT / Share (Rs.) 0.151.018.58-1.8316.62
PBIT / Share (Rs.) 0.151.008.55-1.8415.18
PBT / Share (Rs.) 0.151.008.55-1.8515.18
Net Profit / Share (Rs.) 0.140.746.79-2.7010.80
PBDIT Margin (%) 17.508.4217.87-88.150.00
PBIT Margin (%) 17.498.3617.81-88.950.00
PBT Margin (%) 17.498.3617.80-89.330.00
Net Profit Margin (%) 16.366.2014.14-130.220.00
Return on Networth / Equity (%) 9.037.09105.250.00458.22
Return on Capital Employeed (%) 9.618.9464.78-200.18419.29
Return On Assets (%) 8.743.5112.77-34.05180.38
Long Term Debt / Equity (X) 0.000.050.850.000.00
Total Debt / Equity (X) 0.000.050.85-17.210.22
Asset Turnover Ratio (%) 0.890.951.570.290.00
Current Ratio (X) 35.801.861.220.510.56
Quick Ratio (X) 32.141.861.220.510.56
Interest Coverage Ratio (X) 111233.002722.006863.00-233.337175.34
Interest Coverage Ratio (Post Tax) (X) 103946.002007.755433.00-343.674662.95
Enterprise Value (Cr.) 332.218.910.690.680.17
EV / Net Operating Revenue (X) 5.230.680.174.140.00
EV / EBITDA (X) 29.878.191.00-4.700.12
MarketCap / Net Operating Revenue (X) 6.000.630.040.760.00
Price / BV (X) 3.310.720.31-4.640.33
Price / Net Operating Revenue (X) 6.000.630.040.760.00
EarningsYield 0.020.093.40-1.7013.84

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Harshil Agrotech Ltd. is a Public Limited Listed company incorporated on 18/11/1972 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L01611GJ1972PLC147529 and registration number is 147529. Currently Company is involved in the business activities of Architectural and engineering activities and related technical consultancy. Company's Total Operating Revenue is Rs. 63.53 Cr. and Equity Capital is Rs. 71.12 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - GeneralS F 225, Square Near Shukan Mall, Ahmedabad Gujarat 380060Contact not found
Management
NamePosition Held
Mr. Pankajkumar PatelManaging Director & CFO
Mr. Jayaben Hirenbhai PatelDirector
Mr. Saloni MehraDirector
Mr. Naveen SharmaDirector

FAQ

What is the intrinsic value of Harshil Agrotech Ltd and is it undervalued?

As of 09 April 2026, Harshil Agrotech Ltd's intrinsic value is ₹5.46, which is 1375.68% higher than the current market price of ₹0.37, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (16.4 %), book value (₹1.27), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Harshil Agrotech Ltd?

Harshil Agrotech Ltd is trading at ₹0.37 as of 09 April 2026, with a FY2026-2027 high of ₹3.86 and low of ₹0.31. The stock is currently near its 52-week low. Market cap stands at ₹34.5 Cr..

How does Harshil Agrotech Ltd's P/E ratio compare to its industry?

Harshil Agrotech Ltd has a P/E ratio of , which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is Harshil Agrotech Ltd financially healthy?

Key indicators for Harshil Agrotech Ltd: ROCE of 17.4 % indicates efficient capital utilization; ROE of 16.4 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Harshil Agrotech Ltd profitable and how is the profit trend?

Harshil Agrotech Ltd reported a net profit of ₹10 Cr in Mar 2025 on revenue of ₹64 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Harshil Agrotech Ltd pay dividends?

Harshil Agrotech Ltd has a dividend yield of 0.00 % at the current price of ₹0.37. The company is currently not paying meaningful dividends.

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 Harshil Agrotech 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
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