Harsha Engineers International, 543600, HARSHA Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,750.11
41.12
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

3,872.44
0.24%
2.90

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

-
-
35.53

P:BV (Average)

8 Years
5 Years
3 Years

-
-
3.49

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
19.79

Earnings Forecasts:

(Updated: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS 12.24 9.81 15.2 18.16
P/E Ratio 33.61 41.94 27.07 22.65
Revenue 1392 1408 1526 1692
EBITDA 171 213 208 247
Net Income 111 89 138 165
ROA 7.4 5.5 0.1 0.1
P/B Ratio 3.01 2.99 2.71 2.43
ROE 9.92 7.35 10.47 11.4
FCFF 65 1 13 49
FCFF Yield 1.95 0.04 0.39 1.47
Net Debt -141 -118 -240 -317
BVPS 136.8 137.76 152.03 169.4

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 271.28 258.30 5.03% 290.99 297.53 -2.20% 268.04 258.84 3.55% 271.97 268.41 1.33%
Expenses 217.76 206.19 5.61% 256.42 246.20 4.15% 225.98 221.29 2.12% 230.70 228.27 1.06%
EBITDA 53.52 52.11 2.71% 34.57 51.33 -32.65% 42.06 37.55 12.01% 41.27 40.14 2.82%
EBIDTM 19.73% 20.17% 11.88% 17.25% 15.69% 14.51% 15.17% 14.95%
Other Income 12.03 8.21 46.53% 10.50 7.36 42.66% 7.94 10.88 -27.02% 11.29 6.69 68.76%
Interest 0.66 1.52 -56.58% 0.47 1.69 -72.19% 1.22 1.68 -27.38% 1.29 1.40 -7.86%
Depreciation 7.35 7.05 4.26% 7.13 6.92 3.03% 7.26 6.84 6.14% 7.23 6.66 8.56%
PBT 57.54 51.75 11.19% -57.54 50.08 - 41.52 39.91 4.03% 44.04 38.77 13.59%
Tax 14.63 13.19 10.92% 9.42 12.49 -24.58% 10.53 9.94 5.94% 11.27 9.18 22.77%
PAT 42.91 38.56 11.28% -66.96 37.59 - 30.99 29.97 3.40% 32.77 29.59 10.75%
PATM 15.82% 14.93% -23.01% 12.63% 11.56% 11.58% 12.05% 11.02%
EPS 4.72 4.24 11.32% -7.36 4.13 - 3.41 3.29 3.65% 3.60 3.25 10.77%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 365.29 343.16 6.45% 372.97 380.40 -1.95% 338.94 324.45 4.47% 352.58 339.49 3.86%
Expenses 309.86 287.99 7.59% 337.81 325.86 3.67% 296.17 284.70 4.03% 310.74 304.25 2.13%
EBITDA 55.43 55.17 0.47% 35.16 54.54 -35.53% 42.77 39.75 7.60% 41.84 35.24 18.73%
EBIDTM 15.17% 16.08% 9.43% 14.34% 12.62% 12.25% 11.87% 10.38%
Other Income 10.73 7.90 35.82% 11.03 7.75 42.32% 6.72 11.09 -39.40% 12.08 6.65 81.65%
Interest 2.57 2.56 0.39% 1.46 2.83 -48.41% 2.13 2.84 -25.00% 2.62 2.48 5.65%
Depreciation 10.53 10.21 3.13% 9.86 9.98 -1.20% 10.08 10.02 0.60% 10.39 9.76 6.45%
PBT 53.06 50.30 5.49% 7.19 49.48 -85.47% 37.28 37.98 -1.84% 40.91 29.65 37.98%
Tax 15.13 14.25 6.18% 9.58 12.70 -24.57% 10.59 8.30 27.59% 11.95 9.26 29.05%
PAT 37.93 36.05 5.21% -2.39 36.78 - 26.69 29.68 -10.07% 28.96 20.39 42.03%
PATM 10.38% 10.51% -0.64% 9.67% 7.87% 9.15% 8.21% 6.01%
EPS 4.17 3.96 5.30% -0.26 4.04 - 2.93 3.26 -10.12% 3.18 2.24 41.96%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,102.28 1,089.30 1,080.94 1,024.72 956.45 582.04 Net Sales Growth 1.77% 0.77% 5.49% 7.14% 64.33% Cost Of Goods Sold 569.58 557.26 588.07 540.18 512.06 273.97 Gross Profit 532.70 532.04 492.87 484.54 444.39 308.07 GP Margin 48.33% 48.84% 45.60% 47.29% 46.46% 52.93% Total Expenditure 930.86 919.29 913.62 852.33 790.93 494.34 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 171.42 170.01 167.32 172.39 165.52 87.70 EBITDA Margin 15.55% 15.61% 15.48% 16.82% 17.31% 15.07% Other Income 41.76 37.94 33.51 35.13 18.21 7.54 Interest 3.64 4.50 6.33 11.91 21.12 26.55 Depreciation 28.97 28.67 26.85 23.31 19.62 17.28 PBT 85.56 174.78 167.65 172.30 142.99 51.41 Tax 45.85 44.41 40.74 43.91 36.91 13.43 Tax Rate 53.59% 55.67% 24.30% 25.48% 25.81% 26.12% PAT 39.71 35.36 126.91 128.39 106.08 37.98 PAT before Minority Interest 39.71 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 3.60% 3.25% 11.74% 12.53% 11.09% 6.53% PAT Growth -70.74% -72.14% -1.15% 21.03% 179.30% EPS 4.36 3.89 13.95 14.11 11.66 4.17

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,429.78 1,407.65 1,392.30 1,364.02 1,321.48 873.75 Net Sales Growth 3.05% 1.10% 2.07% 3.22% 51.24% Cost Of Goods Sold 758.24 738.68 777.24 735.87 739.69 414.72 Gross Profit 671.54 668.97 615.06 628.15 581.79 459.03 GP Margin 46.97% 47.52% 44.18% 46.05% 44.03% 52.54% Total Expenditure 1,254.58 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 175.20 174.94 168.80 185.79 168.64 117.75 EBITDA Margin 12.25% 12.43% 12.12% 13.62% 12.76% 13.48% Other Income 40.56 37.73 32.04 33.29 17.91 7.08 Interest 8.78 8.77 10.77 15.84 24.56 29.99 Depreciation 40.86 40.54 39.32 36.12 35.36 34.11 PBT 138.44 163.36 150.75 167.12 126.63 60.72 Tax 47.25 46.37 39.32 43.84 34.68 15.28 Tax Rate 34.13% 34.18% 26.08% 26.23% 27.39% 25.16% PAT 91.19 89.31 111.43 123.28 91.95 45.44 PAT before Minority Interest 91.19 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 6.38% 6.34% 8.00% 9.04% 6.96% 5.20% PAT Growth -25.80% -19.85% -9.61% 34.07% 102.35% EPS 10.02 9.81 12.25 13.55 10.10 4.99

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

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

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

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:

dsp small cap fund

nippon life india trustee ltd-a/c nippon india small cap fund

mithun padam sacheti

llp

Annual Reports:

News Update:

Harsha Engineers Int - Quarterly Results
6th Aug 2025, 13:14 PM

Read More
Harsha Engineers International inks long-term agreement for supply of journal bearings
4th Aug 2025, 13:00 PM

The company will receive a consideration of Rs 117 crore per annum under the said agreement
Read More
Harsha Engineers International commissions Solar Tracker PV Power Plant in Gujarat
24th May 2025, 12:54 PM

The Solar Power Plant was commissioned on May 23, 2025 in accordance with the approved commissioning protocol and will be used for captive purpose
Read More

Harsha Engineers International Ltd.

Engineering - Industrial Equipments

BSE: 543600 | NSE: HARSHA

Stock Summary

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update:

Harsha Engineers International Ltd.

Engineering - Industrial Equipments

BSE: 543600 | NSE: HARSHA

Stock Summary

Shareholding Pattern

Chart

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

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Standalone Figures in Rs. Crores /

Results Balance Sheet

Standalone Figures in Rs. Crores /

Cash Flow

Standalone Figures in Rs. Crores /

Financial Ratios

Standalone /

Top Investors:

Annual Reports:

News Update: