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 ₹ 3,795 Cr.
- Current Price ₹ 417
- High / Low ₹ 494 / 360
- Stock P/E 35.4
- Book Value ₹ 122
- Dividend Yield 0.24 %
- ROCE 16.9 %
- ROE 15.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|
886 | 874 | 1,321 | 1,364 | 1,356 | |
799 | 752 | 1,152 | 1,174 | 1,188 | |
Operating Profit | 86 | 122 | 169 | 190 | 168 |
OPM % | 10% | 14% | 13% | 14% | 12% |
13 | 3 | 17 | 29 | 28 | |
Interest | 33 | 30 | 25 | 16 | 10 |
Depreciation | 35 | 34 | 35 | 36 | 38 |
Profit before tax | 32 | 61 | 127 | 167 | 146 |
Tax % | 31% | 25% | 27% | 26% | |
22 | 45 | 92 | 123 | 107 | |
EPS in Rs | 4.38 | 9.09 | 11.90 | 13.54 | 11.78 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 15% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 77% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 16% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|
Equity Capital | 50 | 50 | 77 | 91 | 91 |
Reserves | 322 | 377 | 445 | 981 | 1,021 |
419 | 357 | 385 | 182 | 167 | |
197 | 197 | 252 | 191 | 229 | |
Total Liabilities | 988 | 981 | 1,158 | 1,445 | 1,508 |
334 | 342 | 356 | 387 | 410 | |
CWIP | 3 | 3 | 2 | 12 | 14 |
Investments | 7 | 9 | 6 | 194 | 208 |
644 | 626 | 794 | 853 | 876 | |
Total Assets | 988 | 981 | 1,158 | 1,445 | 1,508 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
113 | 121 | 36 | 133 | |
-51 | -20 | -52 | -308 | |
-38 | -92 | 4 | 216 | |
Net Cash Flow | 24 | 9 | -12 | 41 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
Debtor Days | 98 | 89 | 78 | 75 |
Inventory Days | 185 | 235 | 185 | 187 |
Days Payable | 89 | 103 | 90 | 59 |
Cash Conversion Cycle | 194 | 222 | 173 | 203 |
Working Capital Days | 151 | 158 | 138 | 142 |
ROCE % | 12% | 18% | 17% |
Documents
Announcements
- Agreement With Umbra Group S.P.A, Italy 13 Apr
- Certificate Under Regulation 40 (9) Of Securities And Exchange Board Of Lndia (LODR) Regulations, 2015 8 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Apr
- Compliance Certificate Under Regulation 7 (3) Of SEBI (LODR) Regulations, 2015 4 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 3 Apr
Concalls
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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