Harsha Engineers International Ltd

Harsha Engg Intl Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Harsha Engineers International Ltd

₹ 384 0.81%
22 May 3:31 p.m.
harshaengineers.com BSE: 543600 NSE: HARSHA
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

Market Share
The company is a leader in the Indian precision bearing cage manufacturing sector with a market share of 50-60% in the organized segment. On a global scale, it holds around 6.5% market share in organized bearing cages for brass, steel, and polyamide. [1]

Website BSE NSE
  • Market Cap ₹ 3,498 Cr.
  • Current Price ₹ 384
  • High / Low ₹ 614 / 330
  • Stock P/E 32.5
  • Book Value ₹ 138
  • Dividend Yield 0.26 %
  • ROCE 12.3 %
  • ROE 8.85 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.79 times its book value
  • The company has delivered a poor sales growth of 9.71% over past five years.
  • Company has a low return on equity of 10.8% over last 3 years.
  • Dividend payout has been low at 8.58% of profits over last 3 years

* 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

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
368.88 397.68 321.97 300.68 343.69 347.96 339.49 324.45 380.40 343.16 352.58 338.94 372.97
320.70 348.16 274.02 259.66 292.89 306.14 304.25 284.70 325.86 287.99 310.74 296.17 337.81
Operating Profit 48.18 49.52 47.95 41.02 50.80 41.82 35.24 39.75 54.54 55.17 41.84 42.77 35.16
OPM % 13.06% 12.45% 14.89% 13.64% 14.78% 12.02% 10.38% 12.25% 14.34% 16.08% 11.87% 12.62% 9.43%
6.76 6.20 4.27 13.50 5.82 4.00 6.65 11.09 7.75 7.90 12.08 6.72 -16.65
Interest 5.52 5.40 5.58 2.30 2.56 2.62 2.48 2.84 2.83 2.56 2.62 2.13 1.46
Depreciation 8.97 8.81 8.96 9.20 9.15 9.56 9.76 10.02 9.98 10.21 10.39 10.08 9.86
Profit before tax 40.45 41.51 37.68 43.02 44.91 33.64 29.65 37.98 49.48 50.30 40.91 37.28 7.19
Tax % 25.78% 25.68% 25.50% 26.22% 27.37% 26.93% 31.23% 21.85% 25.67% 28.33% 29.21% 28.41% 133.24%
30.02 30.85 28.07 31.74 32.62 24.58 20.39 29.68 36.78 36.05 28.96 26.69 -2.39
EPS in Rs 3.89 3.99 3.08 3.49 3.58 2.70 2.24 3.26 4.04 3.96 3.18 2.93 -0.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
886 874 1,321 1,364 1,392 1,408
799 752 1,152 1,174 1,221 1,233
Operating Profit 86 122 169 190 171 175
OPM % 10% 14% 13% 14% 12% 12%
13 3 17 29 30 10
Interest 33 30 25 16 11 9
Depreciation 35 34 35 36 39 41
Profit before tax 32 61 127 167 151 136
Tax % 31% 25% 27% 26% 26% 34%
22 45 92 123 111 89
EPS in Rs 4.38 9.09 11.90 13.54 12.24 9.81
Dividend Payout % 0% 0% 0% 7% 8% 10%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 2%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 37%
3 Years: 5%
TTM: -1%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -23%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 11%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 50 50 77 91 91 91
Reserves 322 377 445 981 1,084 1,163
419 357 385 182 177 200
197 197 252 191 215 236
Total Liabilities 988 981 1,158 1,445 1,567 1,691
334 342 356 387 418 414
CWIP 3 3 2 12 15 161
Investments 7 9 6 194 234 305
644 626 794 853 900 810
Total Assets 988 981 1,158 1,445 1,567 1,691

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
113 121 36 137 136 206
-51 -20 -52 -312 -158 -212
-38 -92 4 216 -25 6
Net Cash Flow 24 9 -12 41 -47 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 98 89 78 75 84 78
Inventory Days 185 235 185 187 166 165
Days Payable 89 103 90 58 62 72
Cash Conversion Cycle 194 222 173 204 187 171
Working Capital Days 151 158 138 142 145 187
ROCE % 12% 18% 17% 12% 12%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.61% 74.61% 74.61% 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% 0.56% 0.58% 0.54%
9.04% 11.06% 11.37% 10.02% 9.19% 8.14% 7.43% 8.69% 8.85% 8.72% 8.64%
12.52% 10.27% 10.27% 13.56% 14.33% 15.62% 16.36% 15.92% 15.98% 16.08% 16.21%
No. of Shareholders 1,64,5361,32,8921,22,8431,05,01199,27496,52891,10778,30779,50077,77177,352

* 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.

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