Harish Textile Engineers Ltd
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.
- Market Cap ₹ 27.4 Cr.
- Current Price ₹ 82.2
- High / Low ₹ 92.0 / 42.7
- Stock P/E
- Book Value ₹ 27.8
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE -2.98 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 54.6 days to 41.1 days
Cons
- Stock is trading at 2.96 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.25% 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
Quarterly Results
Figures in Rs. Crores
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 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3 | 14 | 17 | 25 | 41 | 36 | 38 | 84 | 82 | 107 | 116 | 131 | 133 | |
3 | 13 | 16 | 24 | 38 | 35 | 36 | 83 | 78 | 99 | 110 | 126 | 128 | |
Operating Profit | 0 | 1 | 1 | 1 | 3 | 1 | 2 | 1 | 3 | 7 | 7 | 5 | 5 |
OPM % | 11% | 6% | 7% | 2% | 7% | 4% | 5% | 1% | 4% | 7% | 6% | 4% | 4% |
0 | 0 | 0 | 0 | 1 | 2 | 1 | 5 | 4 | 0 | 1 | 2 | 1 | |
Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 4 | 3 | 5 | 5 | 6 | 5 |
Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
Profit before tax | 0 | 1 | 0 | -1 | 1 | 1 | 1 | -1 | 2 | 1 | 0 | -0 | -0 |
Tax % | 33% | 32% | 56% | -12% | 31% | 30% | 29% | 38% | 1% | 27% | 140% | -22% | |
0 | 0 | 0 | -1 | 1 | 1 | 1 | -1 | 2 | 0 | -0 | -0 | -0 | |
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 | -0.84 | -0.63 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 28% |
3 Years: | 17% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -158% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 11% |
1 Year: | 79% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | 0% |
Last Year: | -3% |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 6 |
1 | 1 | 3 | 9 | 9 | 9 | 12 | 26 | 28 | 41 | 40 | 36 | |
2 | 6 | 11 | 9 | 26 | 31 | 24 | 39 | 30 | 29 | 28 | 32 | |
Total Liabilities | 3 | 7 | 15 | 19 | 36 | 46 | 44 | 73 | 68 | 79 | 77 | 78 |
1 | 3 | 5 | 5 | 7 | 14 | 17 | 26 | 24 | 28 | 26 | 28 | |
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 | 50 | |
Total Assets | 3 | 7 | 15 | 19 | 36 | 46 | 44 | 73 | 68 | 79 | 77 | 78 |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | -4 | -7 | 1 | 1 | 6 | 11 | ||||||
-3 | 2 | -3 | -0 | -7 | -2 | -1 | ||||||
-0 | 2 | 10 | -1 | 7 | -6 | -9 | ||||||
Net Cash Flow | -0 | 0 | -0 | 0 | 1 | -2 | 0 |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 38 | 44 | 8 | 13 | 52 | 40 | 36 | 78 | 80 | 71 | 57 | 62 |
Inventory Days | 223 | 52 | 189 | 79 | 150 | 142 | 113 | 84 | 72 | 92 | 68 | |
Days Payable | 161 | 86 | 211 | 124 | 319 | 265 | 177 | 136 | 111 | 102 | 87 | |
Cash Conversion Cycle | 101 | 9 | -14 | -32 | 52 | -129 | -87 | 14 | 28 | 32 | 48 | 42 |
Working Capital Days | -53 | -32 | -62 | -40 | -96 | -120 | -81 | 11 | 50 | 62 | 60 | 41 |
ROCE % | 56% | 4% | 26% | 17% | 14% | 2% | 15% | 13% | 12% | 11% |
Documents
Announcements
-
Voting Results Of 14Th Annual General Meeting Of The Company.
2 Oct - Voting results of 14th AGM approved by shareholders.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 2 Oct
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
30 Sep - Alteration of Memorandum and Articles of Association.
- Proceedings Of 14Th Annual General Meeting Of Harish Textile Engineers Limited. 30 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 30 Sep
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