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Nifty
Sensex

:
:

24430.35
78285.07

159.50 (0.66%)
521.16 (0.67%)

Harsha Engineers International Ltd.

Engineering - Industrial Equipments

Rating :

65/99

BSE: 543600 | NSE: HARSHA

Watchlist

NSE BSE

433.65

06-Jul-2026

Open
High
Low
Previous Close

417.55
436.1
417.55
417.55

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

189708
81260679.95
469
313.3

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

3,947.67
25.44
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,273.52
0.35%
2.82

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
4.24
5.33

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
6.61
6.59

PAT CAGR (%)

10 Years
5 Years
3 Years

-
11.04
11.68

P:E (Median)

8 Years
5 Years
3 Years

-
-
34.48

P:BV (Average)

8 Years
5 Years
3 Years

-
-
3.19

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
18.39

Earnings Forecasts:

(Updated: 04-07-2026)

Description 2026 2027 2028 2029
Adj EPS 41 15 22.15 16.06
P/E Ratio 10.58 28.91 19.58 27.00
Revenue 20.85 17.34 15.57 1563.6
EBITDA 1859.83 2117.83 2300.3 221.07
Net Income 282.13 335.3 378.2 146.13
ROA 181.53 217.9 243.2 0.08
P/B Ratio - - - 2.83
ROE 2.41 2.13 1.92 11.03
FCFF 12.23 13.03 13.1 -13.82
FCFF Yield 36.47 98.39 122.71 -0.36
Net Debt 0.94 2.55 3.17 -
BVPS - - - 152.98

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 355.85 290.99 22.29% 322.31 268.04 20.25% 278.76 271.97 2.50% 271.28 258.30 5.03%
Expenses 286.37 256.42 11.68% 263.99 225.98 16.82% 228.47 230.70 -0.97% 217.76 206.19 5.61%
EBITDA 69.48 34.57 100.98% 58.32 42.06 38.66% 50.29 41.27 21.86% 53.52 52.11 2.71%
EBIDTM 19.53% 11.88% 18.09% 15.69% 18.04% 15.17% 19.73% 20.17%
Other Income 9.73 10.50 -7.33% 6.00 7.94 -24.43% 10.23 11.29 -9.39% 12.03 8.21 46.53%
Interest 0.55 0.47 17.02% 0.85 1.22 -30.33% 0.53 1.29 -58.91% 0.66 1.52 -56.58%
Depreciation 7.46 7.13 4.63% 7.54 7.26 3.86% 7.59 7.23 4.98% 7.35 7.05 4.26%
PBT 71.20 -57.54 - 55.93 41.52 34.71% 52.40 44.04 18.98% 57.54 51.75 11.19%
Tax 18.03 9.42 91.40% 14.24 10.53 35.23% 13.37 11.27 18.63% 14.63 13.19 10.92%
PAT 53.17 -66.96 - 41.69 30.99 34.53% 39.03 32.77 19.10% 42.91 38.56 11.28%
PATM 14.94% -23.01% 12.93% 11.56% 14.00% 12.05% 15.82% 14.93%
EPS 5.84 -7.36 - 4.58 3.41 34.31% 4.29 3.60 19.17% 4.72 4.24 11.32%

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 473.91 372.97 27.06% 409.25 338.94 20.74% 378.34 352.58 7.31% 365.29 343.16 6.45%
Expenses 400.50 337.81 18.56% 351.94 296.17 18.83% 324.83 310.74 4.53% 309.86 287.99 7.59%
EBITDA 73.41 35.16 108.79% 57.31 42.77 34.00% 53.51 41.84 27.89% 55.43 55.17 0.47%
EBIDTM 15.49% 9.43% 14.00% 12.62% 14.14% 11.87% 15.17% 16.08%
Other Income 10.54 11.03 -4.44% 6.79 6.72 1.04% 10.45 12.08 -13.49% 10.73 7.90 35.82%
Interest 5.80 1.46 297.26% 4.84 2.13 127.23% 3.05 2.62 16.41% 2.57 2.56 0.39%
Depreciation 12.76 9.86 29.41% 12.03 10.08 19.35% 11.34 10.39 9.14% 10.53 10.21 3.13%
PBT 65.39 7.19 809.46% 47.23 37.28 26.69% 49.57 40.91 21.17% 53.06 50.30 5.49%
Tax 18.16 9.58 89.56% 13.63 10.59 28.71% 13.13 11.95 9.87% 15.13 14.25 6.18%
PAT 47.23 -2.39 - 33.60 26.69 25.89% 36.44 28.96 25.83% 37.93 36.05 5.21%
PATM 9.97% -0.64% 8.21% 7.87% 9.63% 8.21% 10.38% 10.51%
EPS 5.19 -0.26 - 3.69 2.93 25.94% 4.00 3.18 25.79% 4.17 3.96 5.30%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Net Sales - 1,228.20 1,089.30 1,080.94 1,024.72 956.45 582.04 600.53 Net Sales Growth - 12.75% 0.77% 5.49% 7.14% 64.33% -3.08% Cost Of Goods Sold - 628.29 557.26 588.07 540.18 512.06 273.97 314.20 Gross Profit - 599.91 532.04 492.87 484.54 444.39 308.07 286.33 GP Margin - 48.84% 48.84% 45.60% 47.29% 46.46% 52.93% 47.68% Total Expenditure - 1,003.68 919.29 913.62 852.33 790.93 494.34 543.72 Power & Fuel Cost - 12.58 18.76 18.97 22.96 19.36 14.41 14.09 % Of Sales - 1.02% 1.72% 1.75% 2.24% 2.02% 2.48% 2.35% Employee Cost - 139.55 124.82 118.14 109.04 96.22 89.71 90.44 % Of Sales - 11.36% 11.46% 10.93% 10.64% 10.06% 15.41% 15.06% Manufacturing Exp. - 142.97 121.09 122.02 106.45 94.69 60.34 65.04 % Of Sales - 11.64% 11.12% 11.29% 10.39% 9.90% 10.37% 10.83% General & Admin Exp. - 26.99 25.95 21.88 19.18 15.73 17.73 21.57 % Of Sales - 2.20% 2.38% 2.02% 1.87% 1.64% 3.05% 3.59% Selling & Distn. Exp. - 41.84 38.03 38.98 50.57 50.30 27.31 24.79 % Of Sales - 3.41% 3.49% 3.61% 4.94% 5.26% 4.69% 4.13% Miscellaneous Exp. - 11.46 33.38 5.56 3.95 2.57 10.87 13.59 % Of Sales - 0.93% 3.06% 0.51% 0.39% 0.27% 1.87% 2.26% EBITDA - 224.52 170.01 167.32 172.39 165.52 87.70 56.81 EBITDA Margin - 18.28% 15.61% 15.48% 16.82% 17.31% 15.07% 9.46% Other Income - 45.08 37.94 33.51 35.13 18.21 7.54 23.49 Interest - 2.59 4.50 6.33 11.91 21.12 26.55 30.34 Depreciation - 29.94 28.67 26.85 23.31 19.62 17.28 20.13 PBT - 237.07 174.78 167.65 172.30 142.99 51.41 29.83 Tax - 60.27 44.41 40.74 43.91 36.91 13.43 9.72 Tax Rate - 25.42% 55.67% 24.30% 25.48% 25.81% 26.12% 32.58% PAT - 176.80 35.36 126.91 128.39 106.08 37.98 20.11 PAT before Minority Interest - 176.80 35.36 126.91 128.39 106.08 37.98 20.11 Minority Interest - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin - 14.40% 3.25% 11.74% 12.53% 11.09% 6.53% 3.35% PAT Growth - 400.00% -72.14% -1.15% 21.03% 179.30% 88.86% EPS - 19.43 3.89 13.95 14.11 11.66 4.17 2.21

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Net Sales - 1,626.79 1,407.65 1,392.30 1,364.02 1,321.48 873.75 885.85 122.52 Net Sales Growth - 15.57% 1.10% 2.07% 3.22% 51.24% -1.37% 623.02% Cost Of Goods Sold - 849.00 738.68 777.24 735.87 739.69 414.72 458.11 79.92 Gross Profit - 777.79 668.97 615.06 628.15 581.79 459.03 427.75 42.59 GP Margin - 47.81% 47.52% 44.18% 46.05% 44.03% 52.54% 48.29% 34.76% Total Expenditure - 1,394.55 1,232.71 1,223.50 1,178.23 1,152.84 756.00 807.54 152.88 Power & Fuel Cost - 36.66 39.03 38.59 0.00 41.28 30.89 30.31 0.03 % Of Sales - 2.25% 2.77% 2.77% 0% 3.12% 3.54% 3.42% 0.02% Employee Cost - 215.00 181.55 169.05 156.19 145.15 146.38 149.03 14.42 % Of Sales - 13.22% 12.90% 12.14% 11.45% 10.98% 16.75% 16.82% 11.77% Manufacturing Exp. - 183.66 148.97 147.43 188.96 132.60 84.11 87.58 21.81 % Of Sales - 11.29% 10.58% 10.59% 13.85% 10.03% 9.63% 9.89% 17.80% General & Admin Exp. - 46.43 42.08 36.87 31.61 29.19 31.11 36.08 7.43 % Of Sales - 2.85% 2.99% 2.65% 2.32% 2.21% 3.56% 4.07% 6.06% Selling & Distn. Exp. - 48.02 42.43 42.77 55.26 55.88 32.63 28.76 4.73 % Of Sales - 2.95% 3.01% 3.07% 4.05% 4.23% 3.73% 3.25% 3.86% Miscellaneous Exp. - 15.78 39.97 11.55 10.34 9.05 16.15 17.66 24.54 % Of Sales - 0.97% 2.84% 0.83% 0.76% 0.68% 1.85% 1.99% 20.03% EBITDA - 232.24 174.94 168.80 185.79 168.64 117.75 78.31 -30.36 EBITDA Margin - 14.28% 12.43% 12.12% 13.62% 12.76% 13.48% 8.84% -24.78% Other Income - 45.93 37.73 32.04 33.29 17.91 7.08 21.32 2.89 Interest - 16.26 8.77 10.77 15.84 24.56 29.99 32.80 10.80 Depreciation - 46.66 40.54 39.32 36.12 35.36 34.11 35.24 0.35 PBT - 215.25 163.36 150.75 167.12 126.63 60.72 31.59 -38.62 Tax - 60.05 46.37 39.32 43.84 34.68 15.28 9.68 -11.21 Tax Rate - 27.90% 34.18% 26.08% 26.23% 27.39% 25.16% 30.64% 29.03% PAT - 155.20 89.31 111.43 123.28 91.95 45.44 21.91 -27.41 PAT before Minority Interest - 155.20 89.31 111.43 123.28 91.95 45.44 21.91 -27.41 Minority Interest - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin - 9.54% 6.34% 8.00% 9.04% 6.96% 5.20% 2.47% -22.37% PAT Growth - 73.78% -19.85% -9.61% 34.07% 102.35% 107.39% - EPS - 17.05 9.81 12.25 13.55 10.10 4.99 2.41 -3.01

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Shareholder's Funds 1,429.53 1,269.43 1,245.46 1,123.68 568.05 460.53 417.40 Share Capital 91.04 91.04 91.04 91.04 77.25 50.00 50.00 Total Reserves 1,338.49 1,178.39 1,154.42 1,032.64 490.80 383.28 340.15 Non-Current Liabilities 33.51 33.70 29.10 23.50 148.82 104.27 93.89 Secured Loans 0.92 1.11 1.28 0.00 83.79 86.42 92.65 Unsecured Loans 0.00 0.00 0.00 0.00 42.01 0.00 0.00 Long Term Provisions 10.09 9.90 8.54 8.35 11.06 9.51 6.89 Current Liabilities 239.14 182.71 254.14 207.57 344.65 317.63 384.58 Trade Payables 147.77 127.19 106.11 73.45 141.60 94.29 91.65 Other Current Liabilities 45.53 32.06 45.85 42.68 74.72 78.42 99.55 Short Term Borrowings 42.93 21.00 98.32 88.06 124.11 142.90 190.35 Short Term Provisions 2.91 2.46 3.86 3.38 4.22 2.02 3.03 Total Liabilities 1,702.18 1,485.84 1,528.70 1,354.75 1,061.52 882.43 895.87 Net Block 289.44 263.71 250.58 238.86 204.25 181.33 179.01 Gross Block 620.23 570.44 531.44 494.85 443.74 402.85 386.92 Accumulated Depreciation 330.79 306.73 280.86 255.99 239.49 221.52 207.91 Non Current Assets 826.03 607.85 609.51 521.51 445.42 389.43 385.91 Capital Work in Progress 5.58 31.82 6.96 10.96 1.61 2.68 1.81 Non Current Investment 495.53 278.58 318.52 238.01 204.42 178.83 178.16 Long Term Loans & Adv. 34.53 32.73 32.34 32.47 33.83 25.17 25.42 Other Non Current Assets 0.95 1.01 1.11 1.21 1.31 1.42 1.51 Current Assets 876.15 877.99 919.19 833.24 616.10 493.00 509.96 Current Investments 230.99 262.12 196.06 161.04 6.43 9.25 6.58 Inventories 286.02 271.54 289.21 291.01 292.60 197.10 171.90 Sundry Debtors 285.57 243.60 268.70 218.68 213.76 164.52 197.36 Cash & Bank 27.56 65.22 96.84 120.72 31.99 35.75 48.90 Other Current Assets 46.01 7.79 17.83 7.07 71.32 86.38 85.22 Short Term Loans & Adv. 34.49 27.72 50.55 34.72 54.96 68.32 65.25 Net Current Assets 637.01 695.28 665.05 625.67 271.45 175.37 125.38 Total Assets 1,702.18 1,485.84 1,528.70 1,354.75 1,061.52 882.43 895.87

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Shareholder's Funds 1,401.69 1,254.14 1,175.28 1,071.77 521.86 427.18 371.98 1.41 Share Capital 91.04 91.04 91.04 91.04 77.25 50.00 50.00 20.00 Total Reserves 1,310.65 1,163.10 1,084.24 980.73 444.61 349.93 294.73 -18.59 Non-Current Liabilities 227.64 122.68 26.13 29.83 160.54 122.70 127.79 22.71 Secured Loans 201.14 94.82 2.94 7.91 95.83 101.52 127.64 33.75 Unsecured Loans 0.00 0.00 0.00 0.00 42.01 0.00 0.00 0.00 Long Term Provisions 11.19 10.05 8.59 8.35 11.06 9.52 6.89 0.39 Current Liabilities 437.55 314.24 365.19 343.54 475.86 432.33 473.47 170.88 Trade Payables 192.66 156.52 132.93 117.43 182.79 116.68 111.46 52.93 Other Current Liabilities 88.77 51.69 64.37 58.00 89.97 117.53 136.53 39.43 Short Term Borrowings 152.87 103.52 164.01 164.90 198.88 196.10 222.46 78.42 Short Term Provisions 3.25 2.51 3.88 3.21 4.22 2.02 3.03 0.10 Total Liabilities 2,066.88 1,691.06 1,566.60 1,445.14 1,158.26 982.21 973.24 195.00 Net Block 660.47 413.93 417.77 386.67 355.70 342.41 333.79 0.52 Gross Block 1,271.06 952.62 915.70 858.17 794.23 746.42 705.45 1.96 Accumulated Depreciation 610.59 538.69 497.93 471.50 438.53 404.00 371.67 1.44 Non Current Assets 930.21 662.61 501.82 445.26 374.68 359.46 350.79 3.94 Capital Work in Progress 18.52 161.40 15.15 11.62 2.10 3.34 3.39 0.00 Non Current Investment 227.12 43.12 38.01 33.14 0.04 0.03 0.03 0.03 Long Term Loans & Adv. 23.04 42.90 29.78 12.62 15.53 12.26 12.07 3.40 Other Non Current Assets 1.06 1.26 1.11 1.21 1.31 1.42 1.52 0.00 Current Assets 1,136.33 1,027.99 1,063.58 997.64 780.02 618.22 617.71 191.06 Current Investments 246.09 262.12 196.07 161.04 6.43 9.25 6.58 5.75 Inventories 393.98 333.86 353.66 376.88 375.72 267.55 231.93 9.03 Sundry Debtors 377.96 302.59 318.93 280.37 282.75 213.88 238.66 128.81 Cash & Bank 44.98 76.18 121.61 133.59 39.30 45.30 57.13 13.13 Other Current Assets 73.32 8.57 19.03 9.47 75.82 82.24 83.41 34.35 Short Term Loans & Adv. 59.05 44.67 54.28 36.29 57.76 69.09 68.54 32.98 Net Current Assets 698.78 713.75 698.39 654.10 304.16 185.88 144.24 20.18 Total Assets 2,066.88 1,691.06 1,566.60 1,445.14 1,158.26 982.22 973.24 195.00

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 131.67 210.05 124.16 118.76 50.88 102.60 PBT 237.07 79.77 167.65 172.30 142.99 51.41 Adjustment 5.61 125.63 6.92 19.96 38.66 41.32 Changes in Working Capital -51.54 46.20 -14.06 -36.02 -99.67 11.01 Cash after chg. in Working capital 191.14 251.60 160.51 156.24 81.98 103.74 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -59.47 -41.55 -36.35 -37.48 -31.10 -1.14 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -131.90 -120.66 -162.34 -306.19 -74.58 0.18 Net Fixed Assets -23.55 -63.86 -32.59 -60.46 -39.82 Net Investments -185.82 -26.12 -115.53 -188.20 -22.77 Others 77.47 -30.68 -14.22 -57.53 -11.99 Cash from Financing Activity 9.44 -91.71 -3.31 222.91 14.36 -94.62 Net Cash Inflow / Outflow 9.21 -2.32 -41.49 35.48 -9.34 8.16 Opening Cash & Equivalents 7.82 10.14 51.63 16.09 25.43 17.27 Closing Cash & Equivalent 17.03 7.82 10.14 51.63 16.09 25.43

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 68.49 206.34 135.79 137.03 36.46 121.16 PBT 215.25 135.68 150.75 167.12 126.63 60.72 Adjustment 34.50 74.43 22.81 35.65 62.36 63.84 Changes in Working Capital -120.69 37.43 -1.18 -28.26 -121.43 -2.26 Cash after chg. in Working capital 129.06 247.54 172.38 174.51 67.56 122.30 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -60.57 -41.20 -36.59 -37.48 -31.10 -1.14 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -197.19 -211.79 -157.80 -311.74 -51.83 -19.96 Net Fixed Assets -23.55 -63.86 -32.59 -60.46 -39.82 Net Investments -185.82 -26.12 -115.53 -188.20 -22.77 Others 12.18 -121.81 -9.68 -63.08 10.76 Cash from Financing Activity 146.33 5.91 -25.43 215.74 3.73 -92.43 Net Cash Inflow / Outflow 17.63 0.46 -47.44 41.03 -11.64 8.77 Opening Cash & Equivalents 15.46 15.00 62.44 21.41 33.05 24.28 Closing Cash & Equivalent 33.09 15.46 15.00 62.44 21.41 33.05

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 157.02 139.44 136.80 123.43 73.53 86.66 ROA 11.09% 2.35% 8.80% 10.63% 10.91% 4.27% ROE 13.10% 2.81% 10.71% 15.18% 21.19% 9.22% ROCE 17.33% 6.39% 13.61% 17.82% 20.93% 10.76% Fixed Asset Turnover 2.08 1.99 2.11 2.18 2.26 1.47 Receivable days 78.09 85.15 82.00 77.02 72.18 113.47 Inventory Days 82.28 93.20 97.62 103.94 93.44 115.70 Payable days 79.87 76.40 55.72 72.65 84.07 123.86 Cash Conversion Cycle 80.51 101.95 123.90 108.30 81.55 105.31 Total Debt/Equity 0.03 0.02 0.08 0.08 0.51 0.58 Interest Cover 92.53 18.73 27.48 15.47 7.77 2.94

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 153.93 137.71 128.96 117.48 67.09 79.99 ROA 8.26% 5.48% 7.40% 9.47% 8.59% 4.65% ROE 11.69% 7.36% 9.93% 15.53% 20.13% 12.20% ROCE 14.36% 10.32% 12.46% 17.07% 18.13% 11.63% Fixed Asset Turnover 1.47 1.52 1.58 1.65 1.72 1.20 Receivable days 75.82 79.84 78.27 75.34 68.59 94.52 Inventory Days 81.09 88.31 95.41 100.69 88.84 104.32 Payable days 75.06 71.51 58.79 74.46 73.89 100.39 Cash Conversion Cycle 81.86 96.64 114.89 101.58 83.54 98.45 Total Debt/Equity 0.26 0.16 0.15 0.17 0.73 0.87 Interest Cover 14.24 16.47 15.00 11.55 6.16 3.02

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Annual Reports:

News Update:

Harsha Engineers Int - Quarterly Results
8th May 2026, 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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