Harshil Agrotech Ltd
Incorporated in 1972, Harshil Agrotech
Ltd trades Agriculture goods and Commodity
& Agri Materials[1]
- Market Cap ₹ 48.5 Cr.
- Current Price ₹ 0.52
- High / Low ₹ 11.2 / 0.48
- Stock P/E 5.83
- Book Value ₹ 1.27
- Dividend Yield 0.00 %
- ROCE 17.4 %
- ROE 16.4 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.41 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 99.6% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 267 days.
- Working capital days have increased from 230 days to 363 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 4 | 13 | 64 | 130 | |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 3 | 12 | 53 | 122 | |
| Operating Profit | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -1 | -0 | 1 | 1 | 11 | 8 |
| OPM % | 28% | -70% | -950% | -106% | 17% | 8% | 17% | 6% | |||||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | -0 | -0 | 0 | -0 | -0 | -0 | 1 | -0 | 1 | 1 | 11 | 8 |
| Tax % | -12% | -61% | -31% | -100% | -31% | -26% | -22% | 29% | 47% | 20% | 26% | 6% | |
| -0 | -0 | -0 | 0 | -0 | -0 | -0 | 1 | -0 | 1 | 1 | 10 | 8 | |
| EPS in Rs | -0.23 | -0.11 | -0.19 | 0.05 | -0.17 | -0.16 | -0.23 | 0.57 | -0.14 | 0.36 | 0.04 | 0.11 | 0.09 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 337% |
| 3 Years: | 635% |
| TTM: | 211% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 100% |
| 3 Years: | 272% |
| TTM: | 40% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | % |
| 3 Years: | 35% |
| 1 Year: | -96% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.80 | 11 | 71 | 71 |
| Reserves | -1 | -1 | -1 | -1 | -2 | -2 | -2 | -1 | -1 | -0 | 1 | 44 | 48 |
| 3 | 3 | 3 | 4 | 4 | 4 | 4 | 0 | 1 | 1 | 1 | 1 | 0 | |
| 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 3 | 11 | 3 | 7 | |
| Total Liabilities | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 0 | 2 | 4 | 23 | 119 | 126 |
| 4 | 4 | 4 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 |
| 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 4 | 20 | 116 | 124 | |
| Total Assets | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 0 | 2 | 4 | 23 | 119 | 126 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1 | -0 | -0 | -0 | 0 | -0 | -0 | -1 | -0 | 0 | -8 | -44 | |
| 0 | 0 | 0 | 0 | 0 | -0 | 0 | 5 | -0 | 0 | -2 | -0 | |
| 1 | 0 | 0 | 0 | -0 | -0 | 0 | -4 | 0 | -0 | 10 | 93 | |
| Net Cash Flow | -0 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | -0 | 0 | 0 | 50 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 419 | 0 | 274 | 388 | 367 | 218 | 267 | |||||
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85 | ||||
| Days Payable | 18 | |||||||||||
| Cash Conversion Cycle | 419 | 0 | 274 | 388 | 367 | 218 | 334 | |||||
| Working Capital Days | -2,010 | -4,059 | -34,949 | 433 | 67 | 260 | 363 | |||||
| ROCE % | -18% | -15% | -15% | 1% | -12% | -12% | -19% | -45% | -34% | 86% | 16% | 17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Newspaper publication of Financial result for the period ended September 30, 2025
- Financial Results For The Quarter Ended As On September 30,2025. 14 Nov
-
Board Meeting Outcome for OUTCOME OF THE Board MEETING HELD ON NOVEMBER 14, 2025.
14 Nov - Harshil Agrotech approved unaudited standalone Q2/H1 results for period ended Sep 30, 2025; limited review enclosed.
-
Board Meeting Intimation for Board Meeting To Be Held On November 14, 2025
6 Nov - Board meeting on Nov 14, 2025 to approve unaudited results for period ended Sep 30, 2025.
-
Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. On October 13, 2025 In Terms Of Second Proviso To Regulation 30(6) Of SEBI (LODR) Regulations, 2015
13 Oct - Allotment of 22,22,50,000 bonus shares (ratio 10:32); record date Oct 10, 2025; post-capital 933,450,000.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1]
HAL (previously Mirchi Technologies Ltd) is in the business of preparing, manufacturing, processing, marketing, trading, import, export, improving, selling and dealing in agricultural food products like spices, oil seeds, grains, vegetables, herbs, pickles and other items derived from agricultural, farming or relevant activities