Harsha Engineers International Ltd

Harsha Engineers International Ltd

₹ 510 -2.32%
19 Jul 4:01 p.m.
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

Leading Market Share[1] HEIL’s market share is ~50-60% in the Indian bearing cages market making it the largest manufacturer of precision bearing cages in the organized sector in India in terms of revenues and among the leading manufacturers of precision bearing cages in the world. HEIL accounted for 6.5% share in the global organized bearing brass, steel, and polyamide cages market as of H1FY24

  • Market Cap 4,641 Cr.
  • Current Price 510
  • High / Low 614 / 360
  • Stock P/E 36.6
  • Book Value 137
  • Dividend Yield 0.20 %
  • ROCE 13.6 %
  • ROE 10.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 56.4% CAGR over last 5 years

Cons

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
232 232 276 308 242 226 248 256 268 259 298
194 190 227 265 197 189 197 215 228 221 246
Operating Profit 39 42 49 43 45 37 50 41 40 38 51
OPM % 17% 18% 18% 14% 19% 16% 20% 16% 15% 15% 17%
2 3 7 7 5 13 6 6 7 11 7
Interest 6 6 5 5 5 1 1 2 1 2 2
Depreciation 5 5 5 6 6 6 6 6 7 7 7
Profit before tax 30 34 46 41 40 43 49 39 39 40 50
Tax % 26% 27% 26% 25% 25% 26% 25% 23% 24% 25% 25%
23 25 34 30 30 32 37 30 30 30 38
EPS in Rs 4.52 3.23 4.42 3.93 3.26 3.47 4.04 3.27 3.25 3.29 4.13
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
95 444 122 601 582 956 1,025 1,081
101 436 136 536 491 790 848 911
Operating Profit -6 8 -15 64 92 166 176 170
OPM % -6% 2% -12% 11% 16% 17% 17% 16%
8 7 1 16 4 18 31 30
Interest 2 8 11 30 27 21 12 6
Depreciation 0 0 0 20 17 20 23 27
Profit before tax -1 7 -25 30 51 143 172 168
Tax % -2% 0% -30% 33% 26% 26% 25% 24%
-1 7 -17 20 38 106 128 127
EPS in Rs -0.46 3.28 -8.62 4.02 7.60 13.73 14.10 13.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 7% 7%
Compounded Sales Growth
10 Years: %
5 Years: 55%
3 Years: 23%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 56%
3 Years: 50%
TTM: -1%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 14%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 14%
Last Year: 11%

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
Equity Capital 20 20 20 50 50 77 91 91
Reserves 2 9 -8 367 411 491 1,033 1,154
27 167 122 319 252 290 90 102
37 255 83 170 169 204 141 181
Total Liabilities 86 451 216 907 881 1,062 1,355 1,529
0 1 1 179 181 204 239 257
CWIP 0 0 0 2 3 2 11 0
Investments 12 9 7 185 188 211 399 515
74 441 209 541 509 645 706 757
Total Assets 86 451 216 907 881 1,062 1,355 1,529

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
27 -107 29 84 103 51 113 124
-6 -13 15 -38 0 -75 -301 -162
-21 132 -56 -34 -95 14 223 -3
Net Cash Flow -0 12 -11 13 8 -9 36 -41

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 215 257 427 120 103 82 78 91
Inventory Days 8 32 41 200 263 209 197 180
Days Payable 180 236 249 106 126 101 50 66
Cash Conversion Cycle 43 53 219 213 240 189 224 204
Working Capital Days 111 122 313 180 185 151 154 225
ROCE % 12% -8% 14% 11% 21% 18% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
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%
9.04% 11.06% 11.37% 10.02% 9.19% 8.14% 7.43% 8.69%
12.52% 10.27% 10.27% 13.56% 14.33% 15.62% 16.36% 15.92%
No. of Shareholders 1,64,5361,32,8921,22,8431,05,01199,27496,52891,10778,307

* 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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