Harsha Engineers International Ltd

₹ 363 -1.45%
02 Feb 2:43 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 estimated to be ~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 a share of 6.5% in the global organized bearing brass, steel, and polyamide cages market in CY2021.

  • Market Cap 3,307 Cr.
  • Current Price 363
  • High / Low 528 / 358
  • Stock P/E 31.2
  • Book Value 117
  • Dividend Yield 0.00 %
  • ROCE 21.3 %
  • ROE 21.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 146% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Jun 2022 Sep 2022
232 308 242
194 265 197
Operating Profit 39 43 45
OPM % 17% 14% 19%
2 7 5
Interest 6 5 5
Depreciation 5 6 6
Profit before tax 30 41 40
Tax % 26% 25% 25%
Net Profit 23 30 30
EPS in Rs 4.52 3.93 3.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
95 444 122 601 582 956
101 436 136 536 491 791
Operating Profit -6 8 -15 64 92 166
OPM % -6% 2% -12% 11% 16% 17%
8 7 1 16 4 18
Interest 2 8 11 30 27 21
Depreciation 0 0 0 20 17 20
Profit before tax -1 7 -25 30 51 143
Tax % 2% 0% 30% 33% 26% 26%
Net Profit -1 7 -17 20 38 106
EPS in Rs -0.46 3.28 -8.62 4.02 7.60 13.73
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 59%
3 Years: 99%
TTM: 64%
Compounded Profit Growth
10 Years: %
5 Years: 146%
3 Years: 101%
TTM: 179%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 15%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
20 20 20 50 50 77 91
Reserves 2 9 -8 340 383 491 970
27 167 122 319 252 288 57
37 255 83 197 196 206 142
Total Liabilities 86 451 216 907 881 1,062 1,260
0 1 1 179 181 204 213
CWIP 0 0 0 2 3 2 4
Investments 12 9 7 185 188 211 211
74 441 209 541 509 645 832
Total Assets 86 451 216 907 881 1,062 1,260

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
27 -107 29 84 103 51
-6 -13 15 -38 0 -75
-21 132 -56 -34 -95 14
Net Cash Flow -0 12 -11 13 8 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

Sep 2022 Dec 2022
74.61 74.61
3.84 4.07
9.04 11.06
12.52 10.27

* 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.

Documents