Harsha Engineers International Ltd

₹ 408 2.01%
05 Dec 4:10 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 3,714 Cr.
  • Current Price 408
  • High / Low 528 / 397
  • Stock P/E 40.4
  • Book Value 111
  • Dividend Yield 0.00 %
  • ROCE 17.9 %
  • ROE 19.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Jun 2022 Sep 2022
323 398 322
284 348 274
Operating Profit 39 50 48
OPM % 12% 12% 15%
2 6 4
Interest 7 5 6
Depreciation 9 9 9
Profit before tax 26 42 38
Tax % 30% 26% 26%
Net Profit 18 31 28
EPS in Rs 3.58 3.99 3.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022
886 874 1,321
799 752 1,152
Operating Profit 86 122 169
OPM % 10% 14% 13%
13 3 17
Interest 33 30 25
Depreciation 35 34 35
Profit before tax 32 61 127
Tax % 31% 25% 27%
Net Profit 22 45 92
EPS in Rs 4.38 9.09 11.90
Dividend Payout % -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 51%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 102%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Sep 2022
50 50 77 91
Reserves 295 377 445 916
419 357 385 148
224 197 252 179
Total Liabilities 988 981 1,158 1,335
334 342 356 351
CWIP 3 3 2 7
Investments 7 9 6 6
644 626 794 970
Total Assets 988 981 1,158 1,335

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022
113 121 36
-51 -20 -52
-38 -92 4
Net Cash Flow 24 9 -12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022
Debtor Days 98 89 78
Inventory Days 185 235 185
Days Payable 89 103 90
Cash Conversion Cycle 194 222 173
Working Capital Days 151 158 138
ROCE % 12% 18%

Shareholding Pattern

Numbers in percentages

20 recently
Sep 2022
74.61
3.84
9.04
12.52

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents