Harikanta Overseas Ltd
Incorporated in 2018, Harikanta Overseas is engaged in the manufacturing of synthetic
textile fabrics.[1]
- Market Cap ₹ 56.9 Cr.
- Current Price ₹ 57.7
- High / Low ₹ 91.8 / 54.0
- Stock P/E 7.26
- Book Value ₹ 45.2
- Dividend Yield 0.00 %
- ROCE 50.5 %
- ROE 37.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 109% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 63.4 to 108 days.
- Working capital days have increased from 32.9 days to 80.3 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 Textiles Textiles & Apparels Other Textile Products
Part of BSE SME IPO
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 9.97 | 7.14 | 14.83 | 11.11 | 35.17 | 46.07 | 57.29 | |
| Sales growth | -28.39% | +107.70% | -25.08% | +216.56% | +30.99% | ||
| 9.79 | 7.12 | 14.31 | 9.83 | 28.77 | 37.44 | 46.96 | |
| Operating Profit | 0.18 | 0.02 | 0.52 | 1.28 | 6.40 | 8.63 | 10.33 |
| OPM % | 1.81% | 0.28% | 3.51% | 11.52% | 18.20% | 18.73% | 18.03% |
| 0.00 | 0.18 | 0.16 | 0.16 | 0.29 | 0.60 | 1.13 | |
| Interest | -0.04 | 0.02 | 0.13 | 0.09 | 0.07 | 0.18 | 0.45 |
| Depreciation | 0.00 | 0.00 | 0.20 | 0.23 | 0.38 | 0.58 | 0.63 |
| Profit before tax | 0.22 | 0.18 | 0.35 | 1.12 | 6.24 | 8.47 | 10.38 |
| Tax % | 27.27% | 27.78% | 25.71% | 26.79% | 27.72% | 23.73% | |
| 0.16 | 0.12 | 0.25 | 0.82 | 4.51 | 6.45 | 7.84 | |
| EPS in Rs | 16.00 | 12.00 | 0.71 | 2.34 | 6.27 | 8.96 | 9.45 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 46% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 109% |
| 3 Years: | 195% |
| TTM: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 43% |
| Last Year: | 38% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.50 | 0.50 | 7.20 | 7.20 | 9.87 |
| Reserves | 0.28 | 0.40 | 0.65 | 1.47 | 6.57 | 13.02 | 34.76 |
| 0.00 | 0.43 | 1.33 | 1.47 | 0.08 | 0.00 | 0.09 | |
| 3.28 | 1.24 | 2.51 | 3.16 | 5.90 | 9.95 | 14.74 | |
| Total Liabilities | 3.58 | 2.09 | 4.99 | 6.60 | 19.75 | 30.17 | 59.46 |
| 0.00 | 0.00 | 1.24 | 1.04 | 2.74 | 2.88 | 3.74 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.01 | 1.41 | 2.42 | 3.84 | 4.20 | 5.64 |
| 3.58 | 2.08 | 2.34 | 3.14 | 13.17 | 23.09 | 50.08 | |
| Total Assets | 3.58 | 2.09 | 4.99 | 6.60 | 19.75 | 30.17 | 59.46 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 1.94 | 0.68 | -1.03 | 2.31 | |||
| -3.37 | -0.63 | -3.85 | -2.12 | |||
| 1.28 | 0.06 | 5.83 | -0.25 | |||
| Net Cash Flow | -0.15 | 0.10 | 0.95 | -0.06 | ||
| Free Cash Flow | 0.49 | 0.66 | -3.11 | 1.59 | ||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 392% | 77% | 2% | 36% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 48.69 | 50.10 | 18.21 | 43.37 | 39.23 | 107.67 |
| Inventory Days | 42.30 | 4.42 | 29.84 | 90.78 | 59.38 | |
| Days Payable | 81.46 | 54.88 | 144.33 | 55.44 | 97.03 | |
| Cash Conversion Cycle | 48.69 | 10.93 | -32.25 | -71.13 | 74.58 | 70.02 |
| Working Capital Days | -22.33 | 13.80 | -39.13 | -36.14 | 54.49 | 80.34 |
| ROCE % | 34.78% | 28.83% | 37.50% | 72.06% | 50.54% |
Documents
Announcements
-
Statement Of Deviation Or Variation In Proceeds Of Public Issue
- Half-year IPO fund utilization reported as of 30 Sep 2026; no deviation, Rs 2,429.70 lakh raised.
-
Board Meeting Outcome for Board Meeting Outcome For Unaudited Standalone And Consolidated Financial Results For The Half Year Ended 30Th September, 2026
- On 05 Nov 2026, board approved H1 FY27 results; standalone profit ₹382.78 lakh.
-
Board Meeting Intimation for For Considering And Approving Unaudited Financial Results For Half Year Ended 30Th September, 2026.
- Board meets on 5 Nov 2026 to approve H1 FY2026-27 standalone and consolidated results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended 30 September 2026; no demat requests received.
-
Closure of Trading Window
- Trading window closed from 1 Oct 2026 until 48 hours after half-year results.
Business Overview:[1]
HKOL manufacture and sale of synthetic and value-added textile fabrics, with 30+ products including Ikat fabrics, polyester garment fabrics, sarees, Dhupion fabrics, viscose, natural-fibre fabrics, sustainable fabrics, and Poly Linen. The company serve different requirements across ethnic wear, fashion wear and other textile fabrics.