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

₹ 409 1.45%
09 Jul - close price
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 ₹ 3,723 Cr.
  • Current Price ₹ 409
  • High / Low ₹ 585 / 330
  • Stock P/E 43.3
  • Book Value ₹ 139
  • Dividend Yield 0.24 %
  • ROCE 13.6 %
  • ROE 6.84 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 2.93 times its book value
  • Company has a low return on equity of 10.3% over last 3 years.
  • Dividend payout has been low at 13.3% 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
276 308 242 226 248 256 268 259 298 258 272 268 291
227 265 197 189 197 215 228 221 246 206 231 226 256
Operating Profit 49 43 45 37 50 41 40 38 51 52 41 42 35
OPM % 18% 14% 19% 16% 20% 16% 15% 15% 17% 20% 15% 16% 12%
7 7 5 13 6 6 7 11 7 8 11 8 -85
Interest 5 5 5 1 1 2 1 2 2 2 1 1 0
Depreciation 5 6 6 6 6 6 7 7 7 7 7 7 7
Profit before tax 46 41 40 43 49 39 39 40 50 52 44 42 -58
Tax % 26% 25% 25% 26% 25% 23% 24% 25% 25% 25% 26% 25% 16%
34 30 30 32 37 30 30 30 38 39 33 31 -67
EPS in Rs 4.42 3.93 3.26 3.47 4.04 3.27 3.25 3.29 4.13 4.24 3.60 3.40 -7.35
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
95 444 122 601 582 956 1,025 1,081 1,089
101 436 136 536 491 790 848 911 919
Operating Profit -6 8 -15 64 92 166 176 170 170
OPM % -6% 2% -12% 11% 16% 17% 17% 16% 16%
8 7 1 16 4 18 31 30 -57
Interest 2 8 11 30 27 21 12 6 4
Depreciation 0 0 0 20 17 20 23 27 29
Profit before tax -1 7 -25 30 51 143 172 168 80
Tax % -2% 0% -30% 33% 26% 26% 25% 24% 56%
-1 7 -17 20 38 106 128 127 35
EPS in Rs -0.46 3.28 -8.62 4.02 7.60 13.73 14.10 13.94 3.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 7% 7% 26%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 4%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: -7%
TTM: -31%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -29%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 10%
Last Year: 7%

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
Equity Capital 20 20 20 50 50 77 91 91 91
Reserves 2 9 -8 367 411 491 1,033 1,154 1,178
27 167 122 319 252 290 90 102 24
37 255 83 170 169 204 141 181 192
Total Liabilities 86 451 216 907 881 1,062 1,355 1,529 1,486
0 1 1 179 181 204 239 251 295
CWIP 0 0 0 2 3 2 11 7 0
Investments 12 9 7 185 188 211 399 515 541
74 441 209 541 509 645 706 757 650
Total Assets 86 451 216 907 881 1,062 1,355 1,529 1,486

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
27 -107 29 84 103 51 119 124 210
-6 -13 15 -38 0 -75 -306 -162 -121
-21 132 -56 -34 -95 14 223 -3 -92
Net Cash Flow -0 12 -11 13 8 -9 36 -41 -2

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
Debtor Days 215 257 427 120 103 82 78 91 81
Inventory Days 8 32 41 200 263 209 197 180 178
Days Payable 180 236 249 106 126 101 50 66 77
Cash Conversion Cycle 43 53 219 213 240 189 225 204 182
Working Capital Days 111 122 313 180 185 151 154 159 212
ROCE % 12% -8% 14% 11% 21% 18% 13% 14%

Shareholding Pattern

Numbers in percentages

8 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61%
3.84% 4.07% 3.74% 1.81% 1.86% 1.61% 1.61% 0.76% 0.56% 0.58% 0.54%
9.04% 11.06% 11.37% 10.02% 9.19% 8.14% 7.43% 8.69% 8.85% 8.72% 8.64%
12.52% 10.27% 10.27% 13.56% 14.33% 15.62% 16.36% 15.92% 15.98% 16.08% 16.21%
No. of Shareholders 1,64,5361,32,8921,22,8431,05,01199,27496,52891,10778,30779,50077,77177,352

* 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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