Harshil Agrotech Ltd
Incorporated in 1972, Harshil Agrotech
Ltd trades Agriculture goods and Commodity
& Agri Materials[1]
- Market Cap ₹ 39.2 Cr.
- Current Price ₹ 0.42
- High / Low ₹ 4.69 / 0.40
- Stock P/E
- 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 0.33 times its book value
- Company is expected to give good quarter
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- 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 | 112 | |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 3 | 12 | 53 | 114 | |
| Operating Profit | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -1 | -0 | 1 | 1 | 11 | -2 |
| OPM % | 28% | -70% | -950% | -106% | 17% | 8% | 17% | -2% | |||||
| 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 | -2 |
| 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 | -3 | |
| 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 | -0.03 |
| 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: | 73% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 100% |
| 3 Years: | 272% |
| TTM: | -122% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 25% |
| 1 Year: | -87% |
| 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
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Feb - Newspaper Publication of Financial Result for the quarter ended December 31, 2025
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Result-Financial Result For The Quarter Ended On 31St December,2025
4 Feb - Board approved unaudited standalone Q3/9M results for period ended Dec 31, 2025; limited review report enclosed.
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Board Meeting Outcome for Approval Of The Financial Result For The Quarter Ended On 31St December,2025
4 Feb - Board approved unaudited standalone Q3/9M results for period ended Dec 31, 2025; limited review attached.
-
Board Meeting Intimation for Approval Of Financial Result For The Quarter Ended December 31, 2025
30 Jan - Board meeting on Feb 4, 2026 to approve unaudited results for period ended Dec 31, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jan - Certificate under SEBI Reg 74(5) confirming dematerialisation actions for quarter ended December 31, 2025.
Annual reports
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Financial Year 2025
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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
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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