Harig Crankshafts Ltd

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Harig Crankshaft Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Harig Crankshafts Ltd

₹ 72.9 1.99%
13 Nov - close price
harigcrankshaft.com BSE: 500178
About

Incorporated in 1983, Harig Crankshafts
used to manufacture automotive crank
shafts for passenger cars, LCVs, trucks,
and earth-moving equipment, but operations have been discontinued since FY11. Following CIRP resolution, it has transitioned into a post-insolvency entity, with plans to diversify into
real estate development and civil engineering services..[1]

Key Points

Business Overview:[1] [2]
The company was historically engaged
in manufacturing forged and machined crankshafts and other automotive components. Its manufacturing operations have remained discontinued since FY11. In April 2024, the Company underwent a CIRP resolution through an NCLT-approved plan submitted by Palika Towns LLP. Subsequently, it diversified into
real estate development and civil engineering services in FY25, marking a shift from its traditional auto-ancillary business towards a new business model. Management says it started real estate activity "on a limited scale" in FY26.

Website BSE
  • Market Cap ₹ 76.5 Cr.
  • Current Price ₹ 72.9
  • High / Low ₹ 72.9 / 6.19
  • Stock P/E 5.33
  • Book Value ₹ -48.7
  • Dividend Yield 0.00 %
  • ROCE 128 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Company has high debtors of 152 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Realty Realty Residential, Commercial Projects

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Quarterly Results

Figures in Rs. Crores

Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
0.00 0.00 0.00 0.00 0.00 0.00 6.49 14.37 1.53 0.95
0.85 0.30 0.60 0.34 0.78 0.39 0.79 2.90 0.34 0.41
Operating Profit -0.85 -0.30 -0.60 -0.34 -0.78 -0.39 5.70 11.47 1.19 0.54
OPM % 87.83% 79.82% 77.78% 56.84%
-42.35 0.00 0.00 -2.60 0.00 0.00 0.00 0.00 0.00 0.56
Interest 1.26 1.97 1.98 1.81 1.43 1.44 1.43 1.32 1.20 1.09
Depreciation 0.09 0.09 0.09 0.00 0.01 0.01 0.01 0.01 0.01 0.01
Profit before tax -44.55 -2.36 -2.67 -4.75 -2.22 -1.84 4.26 10.14 -0.02 0.00
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-44.55 -2.36 -2.67 -4.75 -2.22 -1.84 4.26 10.13 -0.03 -0.01
EPS in Rs -1.13 -2.25 -2.54 -4.52 -2.11 -1.75 4.06 9.65 -0.03 -0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
37 46 35 13 0 0 0 21 23
31 38 28 11 0 0 2 5 4
Operating Profit 6 7 7 2 -0 -0 -2 16 19
OPM % 17% 16% 19% 18% 77% 81%
0 0 1 0 0 1 -45 0 1
Interest 2 2 3 4 0 0 7 6 5
Depreciation 3 3 3 3 0 0 0 0 0
Profit before tax 1 3 1 -4 -0 0 -54 10 14
Tax % 4% 1% 13% 1% 0% 0% 0% 0%
1 3 1 -4 -0 0 -54 10 14
EPS in Rs 0.03 0.06 0.02 -0.10 -0.01 0.01 -51.74 9.84 13.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 198%
TTM: 262%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 1077%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 36 39 39 39 39 39 10 10 10
Reserves 0 7 8 6 -57 -56 -72 -62 -62
10 19 26 34 0 0 72 65 53
19 15 17 13 52 67 1 4 13
Total Liabilities 65 81 91 93 35 50 12 18 15
26 28 25 22 9 8 3 3 3
CWIP 1 3 19 22 23 23 1 1 1
Investments 0 0 0 0 0 0 0 0 0
37 50 47 49 3 19 7 14 11
Total Assets 65 81 91 93 35 50 12 18 15

Cash Flows

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-1 -4 3 -8 0 -0 -3 11
-2 -6 -16 -3 0 1 2 2
-3 17 6 10 0 15 -15 -13
Net Cash Flow -6 7 -7 -0 0 16 -16 0
Free Cash Flow -3 -10 -13 -11 0 -0 -1 13
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit -10% -55% 43% -314% 0% 1,000% 129% 68%

Ratios

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 104 95 152 326 152
Inventory Days 440 373 542 3,529
Days Payable 303 193 279 997
Cash Conversion Cycle 242 275 415 2,858 152
Working Capital Days 173 214 293 961 164
ROCE % 9% 6% -1% 128%

Insights

In beta
Mar 2024 Mar 2025 Mar 2026
Land area
sq. meters

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Number of permanent employees
employees

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Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
11.91% 95.00% 95.00% 95.00% 95.00% 95.00% 90.00% 90.00% 90.00% 90.00%
5.36% 0.30% 0.30% 0.30% 0.30% 0.20% 0.20% 0.20% 0.20% 0.20%
0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
82.67% 4.70% 4.69% 4.69% 4.69% 4.79% 9.79% 9.79% 9.79% 9.79%
No. of Shareholders 67,05654,25442,39242,39142,39142,08143,91743,72443,48442,888

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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