Harsha Engineers International Ltd
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]
- Market Cap ₹ 4,404 Cr.
- Current Price ₹ 484
- High / Low ₹ 614 / 360
- Stock P/E 32.5
- Book Value ₹ 137
- Dividend Yield 0.20 %
- ROCE 13.4 %
- ROE 10.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 56.1% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
95 | 444 | 122 | 601 | 582 | 956 | 1,025 | 1,081 | 1,083 | |
101 | 436 | 136 | 536 | 491 | 790 | 848 | 911 | 902 | |
Operating Profit | -6 | 8 | -15 | 64 | 92 | 166 | 176 | 170 | 181 |
OPM % | -6% | 2% | -12% | 11% | 16% | 17% | 17% | 16% | 17% |
8 | 7 | 1 | 16 | 4 | 18 | 31 | 30 | 33 | |
Interest | 2 | 8 | 11 | 30 | 27 | 21 | 12 | 6 | 6 |
Depreciation | 0 | 0 | 0 | 20 | 17 | 20 | 23 | 27 | 27 |
Profit before tax | -1 | 7 | -25 | 30 | 51 | 143 | 172 | 168 | 181 |
Tax % | -2% | 0% | -30% | 33% | 26% | 26% | 25% | 24% | |
-1 | 7 | -17 | 20 | 38 | 106 | 128 | 127 | 136 | |
EPS in Rs | -0.46 | 3.28 | -8.62 | 4.02 | 7.60 | 13.73 | 14.10 | 13.94 | 14.91 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 7% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 55% |
3 Years: | 23% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 56% |
3 Years: | 49% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 27% |
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 | 251 | |
CWIP | 0 | 0 | 0 | 2 | 3 | 2 | 11 | 7 |
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 | 119 | 124 | |
-6 | -13 | 15 | -38 | 0 | -75 | -306 | -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 | 225 | 204 |
Working Capital Days | 111 | 122 | 313 | 180 | 185 | 151 | 154 | 159 |
ROCE % | 12% | -8% | 14% | 11% | 21% | 18% | 13% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Certificate under Regulation 74(5) for Q2 2024.
- Closure of Trading Window 25 Sep
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 18 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 16 Sep
-
Intimation Of Customer Product Recall Related Complaint Letter - Update
29 Aug - Settlement agreement for USD 1 million product recall.
Concalls
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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