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85720.38

10.25 (0.04%)
110.87 (0.13%)

Harsha Engineers International Ltd.

Engineering - Industrial Equipments

Rating :

46/99

BSE: 543600 | NSE: HARSHA

Watchlist

NSE BSE

389.10

27-Nov-2025

Open
High
Low
Previous Close

390
397.95
386
391.45

Volume
Traded Value (lacs)
52 Week High
52 Week Low

18964
7423591.05
560
329.95

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,535.24
35.83
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

3,828.00
0.26%
2.69

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
10.01
1.06

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
8.24
-1.20

PAT CAGR (%)

10 Years
5 Years
3 Years

-
14.47
-10.19

P:E (Median)

8 Years
5 Years
3 Years

-
-
35.77

P:BV (Average)

8 Years
5 Years
3 Years

-
-
3.37

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
19.42

Earnings Forecasts:

(Updated: 22-11-2025)

Description 2024 2025 2026 2027
Adj EPS 9.81 15.87 18.42 21.88
P/E Ratio 39.66 24.52 21.12 17.78
Revenue 1407.65 1525.73 1699.37 1923.45
EBITDA 174.94 215.5 250.17 295.35
Net Income 89.31 144.3 167.6 199.25
ROA 5.48 0.09 0.09 0.1
P/B Ratio 2.82 2.55 2.29 2.05
ROE 7.35 10.87 11.51 12.16
FCFF 1.38 0.61 54.64 63.98
FCFF Yield 0.04 0.02 1.54 1.8
Net Debt -117.82 -213.1 -243.6 -294
BVPS 137.75 152.59 170.08 189.96

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 278.76 271.97 2.50% 271.28 258.30 5.03% 290.99 297.53 -2.20% 268.04 258.84 3.55%
Expenses 228.47 230.70 -0.97% 217.76 206.19 5.61% 256.42 246.20 4.15% 225.98 221.29 2.12%
EBITDA 50.29 41.27 21.86% 53.52 52.11 2.71% 34.57 51.33 -32.65% 42.06 37.55 12.01%
EBIDTM 18.04% 15.17% 19.73% 20.17% 11.88% 17.25% 15.69% 14.51%
Other Income 10.23 11.29 -9.39% 12.03 8.21 46.53% 10.50 7.36 42.66% 7.94 10.88 -27.02%
Interest 0.53 1.29 -58.91% 0.66 1.52 -56.58% 0.47 1.69 -72.19% 1.22 1.68 -27.38%
Depreciation 7.59 7.23 4.98% 7.35 7.05 4.26% 7.13 6.92 3.03% 7.26 6.84 6.14%
PBT 52.40 44.04 18.98% 57.54 51.75 11.19% -57.54 50.08 - 41.52 39.91 4.03%
Tax 13.37 11.27 18.63% 14.63 13.19 10.92% 9.42 12.49 -24.58% 10.53 9.94 5.94%
PAT 39.03 32.77 19.10% 42.91 38.56 11.28% -66.96 37.59 - 30.99 29.97 3.40%
PATM 14.00% 12.05% 15.82% 14.93% -23.01% 12.63% 11.56% 11.58%
EPS 4.29 3.60 19.17% 4.72 4.24 11.32% -7.36 4.13 - 3.41 3.29 3.65%

Description Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var%
Net Sales 378.34 352.58 7.31% 365.29 343.16 6.45% 372.97 380.40 -1.95% 338.94 324.45 4.47%
Expenses 324.83 310.74 4.53% 309.86 287.99 7.59% 337.81 325.86 3.67% 296.17 284.70 4.03%
EBITDA 53.51 41.84 27.89% 55.43 55.17 0.47% 35.16 54.54 -35.53% 42.77 39.75 7.60%
EBIDTM 14.14% 11.87% 15.17% 16.08% 9.43% 14.34% 12.62% 12.25%
Other Income 10.45 12.08 -13.49% 10.73 7.90 35.82% 11.03 7.75 42.32% 6.72 11.09 -39.40%
Interest 3.05 2.62 16.41% 2.57 2.56 0.39% 1.46 2.83 -48.41% 2.13 2.84 -25.00%
Depreciation 11.34 10.39 9.14% 10.53 10.21 3.13% 9.86 9.98 -1.20% 10.08 10.02 0.60%
PBT 49.57 40.91 21.17% 53.06 50.30 5.49% 7.19 49.48 -85.47% 37.28 37.98 -1.84%
Tax 13.13 11.95 9.87% 15.13 14.25 6.18% 9.58 12.70 -24.57% 10.59 8.30 27.59%
PAT 36.44 28.96 25.83% 37.93 36.05 5.21% -2.39 36.78 - 26.69 29.68 -10.07%
PATM 9.63% 8.21% 10.38% 10.51% -0.64% 9.67% 7.87% 9.15%
EPS 4.00 3.18 25.79% 4.17 3.96 5.30% -0.26 4.04 - 2.93 3.26 -10.12%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,109.07 1,089.30 1,080.94 1,024.72 956.45 582.04 Net Sales Growth 2.06% 0.77% 5.49% 7.14% 64.33% Cost Of Goods Sold 566.61 557.26 588.07 540.18 512.06 273.97 Gross Profit 542.46 532.04 492.87 484.54 444.39 308.07 GP Margin 48.91% 48.84% 45.60% 47.29% 46.46% 52.93% Total Expenditure 928.63 919.29 913.62 852.33 790.93 494.34 Power & Fuel Cost - 18.76 18.97 22.96 19.36 14.41 % Of Sales - 1.72% 1.75% 2.24% 2.02% 2.48% Employee Cost - 124.82 118.14 109.04 96.22 89.71 % Of Sales - 11.46% 10.93% 10.64% 10.06% 15.41% Manufacturing Exp. - 121.09 122.02 106.45 94.69 60.34 % Of Sales - 11.12% 11.29% 10.39% 9.90% 10.37% General & Admin Exp. - 25.95 21.88 19.18 15.73 17.73 % Of Sales - 2.38% 2.02% 1.87% 1.64% 3.05% Selling & Distn. Exp. - 38.03 38.98 50.57 50.30 27.31 % Of Sales - 3.49% 3.61% 4.94% 5.26% 4.69% Miscellaneous Exp. - 33.38 5.56 3.95 2.57 10.87 % Of Sales - 3.06% 0.51% 0.39% 0.27% 1.87% EBITDA 180.44 170.01 167.32 172.39 165.52 87.70 EBITDA Margin 16.27% 15.61% 15.48% 16.82% 17.31% 15.07% Other Income 40.70 37.94 33.51 35.13 18.21 7.54 Interest 2.88 4.50 6.33 11.91 21.12 26.55 Depreciation 29.33 28.67 26.85 23.31 19.62 17.28 PBT 93.92 174.78 167.65 172.30 142.99 51.41 Tax 47.95 44.41 40.74 43.91 36.91 13.43 Tax Rate 51.05% 55.67% 24.30% 25.48% 25.81% 26.12% PAT 45.97 35.36 126.91 128.39 106.08 37.98 PAT before Minority Interest 45.97 35.36 126.91 128.39 106.08 37.98 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 4.14% 3.25% 11.74% 12.53% 11.09% 6.53% PAT Growth -66.90% -72.14% -1.15% 21.03% 179.30% EPS 5.05 3.89 13.95 14.11 11.66 4.17

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,455.54 1,407.65 1,392.30 1,364.02 1,321.48 873.75 Net Sales Growth 3.92% 1.10% 2.07% 3.22% 51.24% Cost Of Goods Sold 764.00 738.68 777.24 735.87 739.69 414.72 Gross Profit 691.54 668.97 615.06 628.15 581.79 459.03 GP Margin 47.51% 47.52% 44.18% 46.05% 44.03% 52.54% Total Expenditure 1,268.67 1,232.71 1,223.50 1,178.23 1,152.84 756.00 Power & Fuel Cost - 39.03 38.59 0.00 41.28 30.89 % Of Sales - 2.77% 2.77% 0% 3.12% 3.54% Employee Cost - 181.55 169.05 156.19 145.15 146.38 % Of Sales - 12.90% 12.14% 11.45% 10.98% 16.75% Manufacturing Exp. - 148.97 147.43 188.96 132.60 84.11 % Of Sales - 10.58% 10.59% 13.85% 10.03% 9.63% General & Admin Exp. - 42.08 36.87 31.61 29.19 31.11 % Of Sales - 2.99% 2.65% 2.32% 2.21% 3.56% Selling & Distn. Exp. - 42.43 42.77 55.26 55.88 32.63 % Of Sales - 3.01% 3.07% 4.05% 4.23% 3.73% Miscellaneous Exp. - 39.97 11.55 10.34 9.05 16.15 % Of Sales - 2.84% 0.83% 0.76% 0.68% 1.85% EBITDA 186.87 174.94 168.80 185.79 168.64 117.75 EBITDA Margin 12.84% 12.43% 12.12% 13.62% 12.76% 13.48% Other Income 38.93 37.73 32.04 33.29 17.91 7.08 Interest 9.21 8.77 10.77 15.84 24.56 29.99 Depreciation 41.81 40.54 39.32 36.12 35.36 34.11 PBT 147.10 163.36 150.75 167.12 126.63 60.72 Tax 48.43 46.37 39.32 43.84 34.68 15.28 Tax Rate 32.92% 34.18% 26.08% 26.23% 27.39% 25.16% PAT 98.67 89.31 111.43 123.28 91.95 45.44 PAT before Minority Interest 98.67 89.31 111.43 123.28 91.95 45.44 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 6.78% 6.34% 8.00% 9.04% 6.96% 5.20% PAT Growth -24.95% -19.85% -9.61% 34.07% 102.35% EPS 10.84 9.81 12.25 13.55 10.10 4.99

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,269.43 1,245.46 1,123.68 568.05 460.53 Share Capital 91.04 91.04 91.04 77.25 50.00 Total Reserves 1,178.39 1,154.42 1,032.64 490.80 383.28 Non-Current Liabilities 33.70 29.10 23.50 148.82 104.27 Secured Loans 1.11 1.28 0.00 83.79 86.42 Unsecured Loans 0.00 0.00 0.00 42.01 0.00 Long Term Provisions 9.90 8.54 8.35 11.06 9.51 Current Liabilities 182.71 254.14 207.57 344.65 317.63 Trade Payables 117.48 106.11 73.45 141.60 94.29 Other Current Liabilities 41.77 45.85 42.68 74.72 78.42 Short Term Borrowings 21.00 98.32 88.06 124.11 142.90 Short Term Provisions 2.46 3.86 3.38 4.22 2.02 Total Liabilities 1,485.84 1,528.70 1,354.75 1,061.52 882.43 Net Block 263.71 250.58 238.86 204.25 181.33 Gross Block 570.44 531.44 494.85 443.74 402.85 Accumulated Depreciation 306.73 280.86 255.99 239.49 221.52 Non Current Assets 627.88 609.51 521.51 445.42 389.43 Capital Work in Progress 31.82 6.96 10.96 1.61 2.68 Non Current Investment 298.60 318.52 238.01 204.42 178.83 Long Term Loans & Adv. 32.74 32.34 32.47 33.83 25.17 Other Non Current Assets 1.01 1.11 1.21 1.31 1.42 Current Assets 857.96 919.19 833.24 616.10 493.00 Current Investments 242.10 196.06 161.04 6.43 9.25 Inventories 271.54 289.21 291.01 292.60 197.10 Sundry Debtors 242.99 268.70 218.68 213.76 164.52 Cash & Bank 65.22 96.84 120.72 31.99 35.75 Other Current Assets 36.11 17.83 7.07 16.36 86.38 Short Term Loans & Adv. 28.32 50.55 34.72 54.96 68.32 Net Current Assets 675.25 665.05 625.67 271.45 175.37 Total Assets 1,485.84 1,528.70 1,354.75 1,061.52 882.43

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,254.14 1,175.28 1,071.77 521.86 427.18 Share Capital 91.04 91.04 91.04 77.25 50.00 Total Reserves 1,163.10 1,084.24 980.73 444.61 349.93 Non-Current Liabilities 122.68 26.13 29.83 160.54 122.70 Secured Loans 94.82 2.94 7.91 95.83 101.52 Unsecured Loans 0.00 0.00 0.00 42.01 0.00 Long Term Provisions 10.05 8.59 8.35 11.06 9.52 Current Liabilities 314.24 365.19 343.54 475.86 432.33 Trade Payables 146.73 132.93 117.43 182.79 116.68 Other Current Liabilities 61.48 64.37 58.00 89.97 117.53 Short Term Borrowings 103.52 164.01 164.90 198.88 196.10 Short Term Provisions 2.51 3.88 3.21 4.22 2.02 Total Liabilities 1,691.06 1,566.60 1,445.14 1,158.26 982.21 Net Block 413.93 417.77 386.67 355.70 342.41 Gross Block 952.62 915.70 858.17 794.23 746.42 Accumulated Depreciation 538.69 497.93 471.50 438.53 404.00 Non Current Assets 682.63 501.82 445.26 374.68 364.00 Capital Work in Progress 161.40 15.15 11.62 2.10 3.34 Non Current Investment 63.14 38.01 33.14 0.04 0.03 Long Term Loans & Adv. 42.90 29.78 12.62 15.53 12.26 Other Non Current Assets 1.26 1.11 1.21 1.31 5.95 Current Assets 1,007.97 1,063.58 997.64 780.02 618.22 Current Investments 242.10 196.07 161.04 6.43 9.25 Inventories 333.86 353.66 376.88 375.72 267.55 Sundry Debtors 301.98 318.93 280.37 282.75 213.88 Cash & Bank 76.18 121.61 133.59 39.30 45.30 Other Current Assets 53.85 19.03 9.47 18.06 82.24 Short Term Loans & Adv. 45.28 54.28 36.29 57.76 69.09 Net Current Assets 693.73 698.39 654.10 304.16 185.88 Total Assets 1,691.06 1,566.60 1,445.14 1,158.26 982.22

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 210.05 124.16 118.76 50.88 102.60 PBT 79.77 167.65 172.30 142.99 51.41 Adjustment 125.63 6.92 19.96 38.66 41.32 Changes in Working Capital 46.20 -14.06 -36.02 -99.67 11.01 Cash after chg. in Working capital 251.60 160.51 156.24 81.98 103.74 Interest Paid 0.00 0.00 0.00 0.00 0.00 Tax Paid -41.55 -36.35 -37.48 -31.10 -1.14 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -120.66 -162.34 -306.19 -74.58 0.18 Net Fixed Assets -63.86 -32.59 -60.46 -39.82 Net Investments -26.12 -115.53 -188.20 -22.77 Others -30.68 -14.22 -57.53 -11.99 Cash from Financing Activity -91.71 -3.31 222.91 14.36 -94.62 Net Cash Inflow / Outflow -2.32 -41.49 35.48 -9.34 8.16 Opening Cash & Equivalents 10.14 51.63 16.09 25.43 17.27 Closing Cash & Equivalent 7.82 10.14 51.63 16.09 25.43

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 206.34 135.79 137.03 36.46 121.16 PBT 135.68 150.75 167.12 126.63 60.72 Adjustment 74.43 22.81 35.65 62.36 63.84 Changes in Working Capital 37.43 -1.18 -28.26 -121.43 -2.26 Cash after chg. in Working capital 247.54 172.38 174.51 67.56 122.30 Interest Paid 0.00 0.00 0.00 0.00 0.00 Tax Paid -41.20 -36.59 -37.48 -31.10 -1.14 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -211.79 -157.80 -311.74 -51.83 -19.96 Net Fixed Assets -63.86 -32.59 -60.46 -39.82 Net Investments -26.12 -115.53 -188.20 -22.77 Others -121.81 -9.68 -63.08 10.76 Cash from Financing Activity 5.91 -25.43 215.74 3.73 -92.43 Net Cash Inflow / Outflow 0.46 -47.44 41.03 -11.64 8.77 Opening Cash & Equivalents 15.00 62.44 21.41 33.05 24.28 Closing Cash & Equivalent 15.46 15.00 62.44 21.41 33.05

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 139.44 136.80 123.43 73.53 86.66 ROA 2.35% 8.80% 10.63% 10.91% 4.27% ROE 2.81% 10.71% 15.18% 21.19% 9.22% ROCE 6.39% 13.61% 17.82% 20.93% 10.76% Fixed Asset Turnover 1.99 2.11 2.18 2.26 1.47 Receivable days 85.07 82.00 77.02 72.18 113.47 Inventory Days 93.22 97.62 103.94 93.44 115.70 Payable days 73.22 55.72 72.65 84.07 123.86 Cash Conversion Cycle 105.07 123.90 108.30 81.55 105.31 Total Debt/Equity 0.02 0.08 0.08 0.51 0.58 Interest Cover 18.73 27.48 15.47 7.77 2.94

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 137.71 128.96 117.48 67.09 79.99 ROA 5.48% 7.40% 9.47% 8.59% 4.65% ROE 7.36% 9.93% 15.53% 20.13% 12.20% ROCE 10.32% 12.46% 17.07% 18.13% 11.63% Fixed Asset Turnover 1.52 1.58 1.65 1.72 1.20 Receivable days 79.80 78.27 75.34 68.59 94.52 Inventory Days 88.36 95.41 100.69 88.84 104.32 Payable days 69.09 58.79 74.46 73.89 100.39 Cash Conversion Cycle 99.07 114.89 101.58 83.54 98.45 Total Debt/Equity 0.16 0.15 0.17 0.73 0.87 Interest Cover 16.47 15.00 11.55 6.16 3.02

Top Investors:

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Annual Reports:

News Update:

Harsha Engineers Int - Quarterly Results
7th Nov 2025, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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