WEBSITE BSE:543600 NSE: HARSHA Inc. Year: 2010 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
Last updated: 15:53
Harsha Engineers International Ltd (HEIL) is an Indian engineering company that provides turnkey solutions in the manufacturing of process equipment and systems for various industries. The company has expertise in designing, engineering, and manufacturing critical equipment for sectors like oil and gas, power, water treatment, and chemicals. HEIL's offerings include pressure vessels, heat exchangers, columns, reactors, and skid-mounted systems. The company has a global presence and serves clients in over 50 countries, with manufacturing facilit...Read More
Harsha Engineers International Ltd (HEIL) is an Indian engineering company that provides turnkey solutions in the manufacturing of process equipment and systems for various industries. The company has expertise in designing, engineering, and manufacturing critical equipment for sectors like oil and gas, power, water treatment, and chemicals. HEIL's offerings include pressure vessels, heat exchangers, columns, reactors, and skid-mounted systems. The company has a global presence and serves clients in over 50 countries, with manufacturing facilities located in India, the United Arab Emirates, and Saudi Arabia. HEIL's commitment to quality and innovation has helped it earn several awards and certifications, including ISO 9001, ISO 14001, and OHSAS 18001. ...Read Less
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Market Cap ₹3474 Cr.
Stock P/E 38.9
P/B 2.6
Current Price ₹381.6
Book Value ₹ 148
Face Value 10
52W High ₹451
Dividend Yield 0.26%
52W Low ₹ 311.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 339 | 324 | 380 | 343 | 353 | 339 | 373 | 365 | 378 | 409 |
| Other Income | 7 | 11 | 8 | 8 | 12 | 7 | 11 | 11 | 10 | 7 |
| Total Income | 346 | 336 | 388 | 351 | 365 | 346 | 384 | 376 | 389 | 416 |
| Total Expenditure | 304 | 285 | 326 | 288 | 311 | 296 | 338 | 310 | 325 | 352 |
| Operating Profit | 42 | 51 | 62 | 63 | 54 | 49 | 46 | 66 | 64 | 64 |
| Interest | 2 | 3 | 3 | 3 | 3 | 2 | 1 | 3 | 3 | 5 |
| Depreciation | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 12 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -28 | 0 | 0 | 0 |
| Profit Before Tax | 30 | 38 | 49 | 50 | 41 | 37 | 7 | 53 | 50 | 47 |
| Provision for Tax | 9 | 8 | 13 | 14 | 12 | 11 | 10 | 15 | 13 | 14 |
| Profit After Tax | 20 | 30 | 37 | 36 | 29 | 27 | -2 | 38 | 36 | 34 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 20 | 30 | 37 | 36 | 29 | 27 | -2 | 38 | 36 | 34 |
| Adjusted Earnings Per Share | 2.2 | 3.3 | 4 | 4 | 3.2 | 2.9 | -0.3 | 4.2 | 4 | 3.7 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 123 | 886 | 874 | 1321 | 1364 | 1392 | 1408 | 1525 |
| Other Income | 3 | 21 | 7 | 18 | 33 | 32 | 38 | 39 |
| Total Income | 125 | 907 | 881 | 1339 | 1397 | 1424 | 1445 | 1565 |
| Total Expenditure | 153 | 808 | 756 | 1153 | 1178 | 1224 | 1233 | 1325 |
| Operating Profit | -27 | 100 | 125 | 187 | 219 | 201 | 213 | 240 |
| Interest | 11 | 33 | 30 | 25 | 16 | 11 | 9 | 12 |
| Depreciation | 0 | 35 | 34 | 35 | 36 | 39 | 41 | 44 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -28 | -28 |
| Profit Before Tax | -39 | 32 | 61 | 127 | 167 | 151 | 136 | 157 |
| Provision for Tax | -11 | 10 | 15 | 35 | 44 | 39 | 46 | 52 |
| Profit After Tax | -27 | 22 | 45 | 92 | 123 | 111 | 89 | 106 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -27 | 22 | 45 | 92 | 123 | 111 | 89 | 106 |
| Adjusted Earnings Per Share | -13.7 | 4.4 | 9.1 | 11.9 | 13.5 | 12.2 | 9.8 | 11.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 1% | 2% | 10% | 0% |
| Operating Profit CAGR | 6% | 4% | 16% | 0% |
| PAT CAGR | -20% | -1% | 32% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -3% | -4% | NA% | NA% |
| ROE Average | 7% | 11% | 13% | -267% |
| ROCE Average | 10% | 13% | 14% | 9% |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1 | 372 | 427 | 522 | 1072 | 1175 | 1254 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 34 | 128 | 102 | 138 | 8 | 3 | 95 |
| Other Non-Current Liabilities | -11 | 0 | 21 | 23 | 22 | 23 | 28 |
| Total Current Liabilities | 171 | 473 | 432 | 476 | 344 | 365 | 314 |
| Total Liabilities | 195 | 973 | 982 | 1158 | 1445 | 1567 | 1691 |
| Fixed Assets | 1 | 334 | 342 | 356 | 387 | 418 | 414 |
| Other Non-Current Assets | 3 | 17 | 17 | 19 | 59 | 84 | 269 |
| Total Current Assets | 191 | 618 | 618 | 780 | 998 | 1064 | 1008 |
| Total Assets | 195 | 973 | 982 | 1158 | 1445 | 1567 | 1691 |
| #(Fig in Cr.) | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 1 | 24 | 33 | 21 | 62 | 15 |
| Cash Flow from Operating Activities | 30 | 113 | 121 | 36 | 137 | 136 | 206 |
| Cash Flow from Investing Activities | 15 | -65 | -20 | -52 | -312 | -158 | -212 |
| Cash Flow from Financing Activities | -55 | -38 | -92 | 4 | 216 | -25 | 6 |
| Net Cash Inflow / Outflow | -11 | 10 | 9 | -12 | 41 | -47 | 0 |
| Closing Cash & Cash Equivalent | 1 | 24 | 33 | 21 | 62 | 15 | 15 |
| # | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -13.7 | 4.38 | 9.09 | 11.9 | 13.54 | 12.24 | 9.81 |
| CEPS(Rs) | -13.53 | 11.43 | 15.91 | 16.48 | 17.51 | 16.56 | 14.26 |
| DPS(Rs) | 0 | 1.69 | 0 | 0 | 1 | 1 | 1 |
| Book NAV/Share(Rs) | 0.7 | 68 | 79.08 | 67.09 | 117.48 | 128.96 | 137.71 |
| Core EBITDA Margin(%) | -24.79 | 8.84 | 13.48 | 12.76 | 13.62 | 12.08 | 12.32 |
| EBIT Margin(%) | -22.71 | 7.27 | 10.38 | 11.44 | 13.41 | 11.56 | 10.17 |
| Pre Tax Margin(%) | -31.52 | 3.57 | 6.95 | 9.58 | 12.25 | 10.79 | 9.56 |
| PAT Margin (%) | -22.37 | 2.47 | 5.2 | 6.96 | 9.04 | 7.97 | 6.29 |
| Cash Profit Margin (%) | -22.09 | 6.45 | 9.1 | 9.63 | 11.69 | 10.79 | 9.14 |
| ROA(%) | -14.05 | 3.75 | 4.65 | 8.59 | 9.47 | 7.4 | 5.48 |
| ROE(%) | -1946.52 | 12.83 | 12.36 | 20.13 | 15.53 | 9.93 | 7.36 |
| ROCE(%) | -22.47 | 14.26 | 11.7 | 18.13 | 17.07 | 12.46 | 10.32 |
| Receivable days | 383.76 | 75.7 | 94.52 | 68.59 | 75.34 | 78.27 | 79.8 |
| Inventory Days | 26.89 | 49.64 | 104.32 | 88.84 | 100.69 | 95.41 | 88.36 |
| Payable days | 241.74 | 65.49 | 100.39 | 73.89 | 74.46 | 58.79 | 69.09 |
| PER(x) | 0 | 0 | 0 | 0 | 24.75 | 32.74 | 38.1 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 2.85 | 3.11 | 2.71 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0.3 | 0.25 | 0.27 |
| EV/Net Sales(x) | 1.06 | 0.46 | 0.4 | 0.32 | 2.27 | 2.66 | 2.5 |
| EV/Core EBITDA(x) | -4.71 | 4.06 | 2.83 | 2.23 | 14.12 | 18.42 | 16.57 |
| Net Sales Growth(%) | 0 | 623.06 | -1.37 | 51.24 | 3.22 | 2.07 | 1.1 |
| EBIT Growth(%) | 0 | 331.45 | 40.89 | 66.66 | 21.01 | -11.72 | -10.57 |
| PAT Growth(%) | 0 | 179.94 | 107.4 | 102.36 | 34.07 | -9.61 | -19.85 |
| EPS Growth(%) | 0 | 131.98 | 107.4 | 30.98 | 13.76 | -9.61 | -19.85 |
| Debt/Equity(x) | 86.95 | 1.21 | 0.88 | 0.73 | 0.17 | 0.15 | 0.16 |
| Current Ratio(x) | 1.12 | 1.3 | 1.43 | 1.64 | 2.9 | 2.91 | 3.21 |
| Quick Ratio(x) | 1.07 | 0.81 | 0.81 | 0.85 | 1.81 | 1.94 | 2.15 |
| Interest Cover(x) | -2.58 | 1.96 | 3.02 | 6.16 | 11.55 | 15 | 16.47 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0.06 | 0.05 | 0.06 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.61 | 74.61 | 74.61 | 74.61 | 74.61 | 74.61 | 74.72 | 75 | 75 | 75 |
| FII | 1.61 | 1.61 | 0.76 | 0.56 | 0.58 | 0.54 | 0.88 | 0.39 | 0.41 | 2.37 |
| DII | 8.14 | 7.43 | 8.69 | 8.85 | 8.72 | 8.65 | 11.85 | 12.47 | 12.42 | 12.43 |
| Public | 15.64 | 16.35 | 15.94 | 15.99 | 16.09 | 16.21 | 12.54 | 12.13 | 12.17 | 10.2 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 6.79 | 6.79 | 6.79 | 6.79 | 6.79 | 6.79 | 6.8 | 6.83 | 6.83 | 6.83 |
| FII | 0.15 | 0.15 | 0.07 | 0.05 | 0.05 | 0.05 | 0.08 | 0.04 | 0.04 | 0.22 |
| DII | 0.74 | 0.68 | 0.79 | 0.81 | 0.79 | 0.79 | 1.08 | 1.14 | 1.13 | 1.13 |
| Public | 1.42 | 1.49 | 1.45 | 1.46 | 1.46 | 1.48 | 1.14 | 1.1 | 1.11 | 0.93 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 | 9.1 |
* The pros and cons are machine generated.
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