Harish Textile Engineers Ltd

Harish Textile Engineers Ltd

₹ 53.0 0.57%
24 Apr 11:41 a.m.
About

Incorporated in 2010, Harish Textile Engineers Ltd manufactures Textile Processing, Finishing Machineries, Non-Textile Projects and Regenerated Polyester Staple Fiber, and trading of non-ferrous metals.

Key Points

Business Overview:[1]
Company is a producer of textile processing and finishing machinery used in India and 25+ countries including U.K. Apart from that, company does production of Non-woven fabrics used mainly for auto interiors and filtration and hygiene segments and also does production of polyester staple fiber by recycling pet bottle and waste polyester

  • Market Cap 17.7 Cr.
  • Current Price 53.0
  • High / Low 67.6 / 30.0
  • Stock P/E 9.77
  • Book Value 30.3
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE -1.67 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.75% over last 3 years.
  • Promoter holding has decreased over last 3 years: -24.0%

* 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

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
25.23 31.85 20.58 24.80 32.01 29.48 29.69 30.09 26.61 30.05 28.38 32.52 34.33
22.02 32.77 19.09 24.11 29.93 26.41 28.37 28.48 25.62 27.68 26.90 30.54 31.91
Operating Profit 3.21 -0.92 1.49 0.69 2.08 3.07 1.32 1.61 0.99 2.37 1.48 1.98 2.42
OPM % 12.72% -2.89% 7.24% 2.78% 6.50% 10.41% 4.45% 5.35% 3.72% 7.89% 5.21% 6.09% 7.05%
0.87 2.57 0.12 0.12 0.20 0.02 0.16 0.23 0.02 0.86 0.29 0.11 0.06
Interest 0.79 1.45 0.95 0.99 1.05 1.91 1.27 1.25 1.44 1.31 1.25 1.16 1.77
Depreciation 0.53 0.52 0.56 0.46 0.60 0.60 0.64 0.57 0.53 0.47 0.50 0.52 0.44
Profit before tax 2.76 -0.32 0.10 -0.64 0.63 0.58 -0.43 0.02 -0.96 1.45 0.02 0.41 0.27
Tax % 18.12% 140.62% -110.00% 20.31% 46.03% -18.97% 16.28% -100.00% -1.04% 15.17% -100.00% -29.27% 92.59%
2.26 0.13 0.20 -0.51 0.34 0.69 -0.35 0.05 -0.96 1.23 0.04 0.52 0.02
EPS in Rs 6.77 0.39 0.60 -1.53 1.02 2.07 -1.05 0.15 -2.88 3.69 0.12 1.56 0.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3 14 17 25 41 36 38 84 82 107 116 125
3 13 16 24 38 35 36 83 78 99 110 117
Operating Profit 0 1 1 1 3 1 2 1 3 7 7 8
OPM % 11% 6% 7% 2% 7% 4% 5% 1% 4% 7% 6% 7%
0 0 0 0 1 2 1 5 4 0 1 1
Interest 0 0 0 1 1 1 1 4 3 5 5 5
Depreciation 0 0 1 1 1 1 1 2 2 2 2 2
Profit before tax 0 1 0 -1 1 1 1 -1 2 1 0 2
Tax % 33% 32% 56% 12% 31% 30% 29% -38% 1% 27% 140%
0 0 0 -1 1 1 1 -1 2 0 -0 2
EPS in Rs 18.00 41.00 1.60 -13.20 16.40 2.42 2.85 -2.19 5.25 1.44 -0.09 5.43
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 23%
5 Years: 26%
3 Years: 12%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 418%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 20%
1 Year: 61%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: 8%
Last Year: -2%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 0 0 2 3 3 3 3 3 3
Reserves 0 1 1 0 1 5 5 4 6 6 6 7
1 1 3 9 9 9 12 26 28 41 40 39
2 6 11 9 26 31 24 39 30 29 28 33
Total Liabilities 3 7 15 19 36 46 44 73 68 79 77 82
1 3 5 5 7 14 17 26 24 28 26 27
CWIP 0 0 3 0 3 3 3 0 0 1 2 0
Investments 0 0 0 6 6 6 0 0 0 0 0 0
2 4 7 7 20 23 24 47 44 50 49 55
Total Assets 3 7 15 19 36 46 44 73 68 79 77 82

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 -4 -7 1 1 6
-3 2 -3 -0 -7 -2
-0 2 10 -1 7 -6
Net Cash Flow -0 0 -0 0 1 -2

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 38 44 8 13 52 40 36 78 80 71 57
Inventory Days 223 52 189 79 150 142 113 84 72 92
Days Payable 161 86 211 124 319 265 177 136 111 100
Cash Conversion Cycle 101 9 -14 -32 52 -129 -87 14 28 32 49
Working Capital Days -53 -32 -62 -40 -96 -120 -81 11 50 62 61
ROCE % 56% 4% 26% 17% 14% 2% 15% 13% 12%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.19% 72.19% 65.89% 65.89% 65.89% 65.89% 48.15% 48.15% 48.15% 48.15% 48.15% 48.15%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
27.77% 27.77% 34.06% 34.06% 34.06% 34.06% 51.81% 51.82% 51.81% 51.82% 51.80% 51.81%
No. of Shareholders 9,6019,6529,6319,6329,6259,8189,7839,7619,7079,7139,7369,749

* 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.

Click on the line-items to see the names of individual entities.

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