Harsha Engineers International Ltd

Harsha Engg Intl Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Harsha Engineers International Ltd

₹ 399 -1.72%
18 May 10:10 a.m.
harshaengineers.com BSE: 543600 NSE: HARSHA
About

Incorporated in 2010, Harsha Engineers Ltd is a leading engineering company that offers a diversified suite of products across geographies and end-user industries. It manufactures brass, steel, and polyamide cages and stamped components with production facilities located in Asia (India & China) and in Europe (Romania).[1]

Key Points

Market Share
The company is a leader in the Indian precision bearing cage manufacturing sector with a market share of 50-60% in the organized segment. On a global scale, it holds around 6.5% market share in organized bearing cages for brass, steel, and polyamide. [1]

Website BSE NSE
  • Market Cap ₹ 3,631 Cr.
  • Current Price ₹ 399
  • High / Low ₹ 469 / 311
  • Stock P/E 20.5
  • Book Value ₹ 157
  • Dividend Yield 0.25 %
  • ROCE 17.3 %
  • ROE 13.1 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.58 times its book value
  • Company has a low return on equity of 10.0% over last 3 years.
  • Dividend payout has been low at 11.0% of profits over last 3 years

* 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

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Part of BSE Industrials BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
248 256 268 259 298 258 272 268 291 271 279 322 356
197 215 228 221 246 206 231 226 256 218 228 264 286
Operating Profit 50 41 40 38 51 52 41 42 35 54 50 58 69
OPM % 20% 16% 15% 15% 17% 20% 15% 16% 12% 20% 18% 18% 20%
6 6 7 11 7 8 11 8 -85 12 10 6 10
Interest 1 2 1 2 2 2 1 1 0 1 1 1 1
Depreciation 6 6 7 7 7 7 7 7 7 7 8 8 7
Profit before tax 49 39 39 40 50 52 44 42 -58 58 52 56 71
Tax % 25% 23% 24% 25% 25% 25% 26% 25% 16% 25% 26% 25% 25%
37 30 30 30 38 39 33 31 -67 43 39 42 53
EPS in Rs 4.04 3.27 3.25 3.29 4.13 4.24 3.60 3.40 -7.35 4.71 4.29 4.58 5.84
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
95 444 122 601 582 956 1,025 1,081 1,089 1,228
101 436 136 536 491 790 848 911 919 997
Operating Profit -6 8 -15 64 92 166 176 170 170 232
OPM % -6% 2% -12% 11% 16% 17% 17% 16% 16% 19%
8 7 1 16 4 18 31 30 -57 38
Interest 2 8 11 30 27 21 12 6 4 3
Depreciation 0 0 0 20 17 20 23 27 29 30
Profit before tax -1 7 -25 30 51 143 172 168 80 237
Tax % -2% 0% -30% 33% 26% 26% 25% 24% 56% 25%
-1 7 -17 20 38 106 128 127 35 177
EPS in Rs -0.46 3.28 -8.62 4.02 7.60 13.73 14.10 13.94 3.88 19.42
Dividend Payout % 0% 0% 0% 0% 0% 0% 7% 7% 26% 0%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 6%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 11%
TTM: 130%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -4%
1 Year: 6%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 10%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 20 20 20 50 50 77 91 91 91 91
Reserves 2 9 -8 367 411 491 1,033 1,154 1,178 1,338
27 167 122 319 252 290 90 102 24 45
37 255 83 170 169 204 141 181 192 227
Total Liabilities 86 451 216 907 881 1,062 1,355 1,529 1,486 1,702
0 1 1 179 181 204 239 251 264 294
CWIP 0 0 0 2 3 2 11 7 32 1
Investments 12 9 7 185 188 211 399 515 541 727
74 441 209 541 509 645 706 757 650 681
Total Assets 86 451 216 907 881 1,062 1,355 1,529 1,486 1,702

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
27 -107 29 84 103 51 119 124 210 132
-6 -13 15 -38 0 -75 -306 -162 -121 -132
-21 132 -56 -34 -95 14 223 -3 -92 9
Net Cash Flow -0 12 -11 13 8 -9 36 -41 -2 9
Free Cash Flow 27 -107 29 33 82 9 51 90 143 104
CFO/OP -454% -1,352% -211% 151% 113% 49% 89% 94% 148% 83%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 215 257 427 120 103 82 78 91 81 85
Inventory Days 8 32 41 200 263 209 197 180 178 166
Days Payable 180 236 249 106 126 101 50 66 77 86
Cash Conversion Cycle 43 53 219 213 240 189 225 204 182 165
Working Capital Days 111 122 78 180 82 89 122 126 123 181
ROCE % 12% -8% 14% 11% 21% 18% 13% 13% 17%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Production Volume - Bearing Cages
Million Pieces

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Production Volume - Castings
Metric Tonnes
Installed Capacity - Bearing Cages
Million Pieces
Installed Capacity - Castings
Metric Tonnes
Total Active SKUs
Number
Renewable Energy Consumption
%
Global Market Share (Organized Bearing Cages)
%
Large Size Cages Sales
INR Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.72% 75.00% 75.00% 75.00%
1.81% 1.86% 1.61% 1.61% 0.76% 0.56% 0.58% 0.54% 0.88% 0.39% 0.41% 2.37%
10.02% 9.19% 8.14% 7.43% 8.69% 8.85% 8.72% 8.64% 11.86% 12.48% 12.42% 12.42%
13.56% 14.33% 15.62% 16.36% 15.92% 15.98% 16.08% 16.21% 12.55% 12.13% 12.16% 10.21%
No. of Shareholders 1,05,01199,27496,52891,10778,30779,50077,77177,35278,46474,88672,68870,615

* 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.

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