Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹22 Cr.
Stock P/E
2.2
P/B
0.2
Current Price
₹0.2
Book Value
₹ 1.5
Face Value
1
52W High
₹0.7
52W Low
₹ 0.2
Dividend Yield
0%

Harshil Agrotech Overview

Business

Harshil Agrotech Ltd. operates in the Engineering - Industrial Equipments sector, specifically within the agricultural technology domain in India, as suggested by "Agrotech" in its name. The company likely designs, manufactures, and supplies industrial equipment tailored for the agricultural sector. This could include a range of products such as farm machinery (e.g., tillers, planters, harvesters), irrigation systems, post-harvest equipment (e.g., sorters, cleaners, dryers), food processing machinery components, or related industrial solutions for agro-industries. The core business model likely involves selling these manufactured products to farmers, agricultural enterprises, food processing units, or through a network of dealers and distributors. Revenue is generated primarily from product sales, and potentially from aftermarket services like spare parts, maintenance, and installation.

Revenue Mix

Specific details on key business segments and their revenue contribution are not available. However, given its industry, potential segments could include:

Farm Mechanization Equipment: Directly used in farming operations (e.g., tillage, planting, harvesting).

Irrigation & Water Management Solutions: Systems for efficient water delivery to crops.

Post-Harvest & Food Processing Equipment: Machinery for processing agricultural produce after harvest.

Components & Spares: Sale of parts and accessories for equipment.

Services: Installation, maintenance, and repair services for its machinery.

The exact mix would depend on the company's specific product portfolio and market focus.

Industry

The company operates within India's agricultural industrial equipment industry, which is characterized by a mix of large established domestic and international players, as well as numerous regional and specialized manufacturers. The market for agricultural machinery in India is driven by increasing mechanization, government support, and the need for improved productivity. Harshil Agrotech Ltd. likely competes on factors such as product innovation, price, quality, after-sales service, and distribution reach. Without specific market share or product details, its exact positioning (e.g., niche player, regional leader, mass-market provider) relative to peers is not ascertainable but it operates within a competitive landscape.

MOAT

Specific competitive advantages for Harshil Agrotech Ltd. are not explicitly known. Potential sources of a durable moat in this industry could include:

Strong Distribution and Service Network: An extensive dealer network in rural areas coupled with reliable after-sales service can build strong customer loyalty and reduce switching costs for farmers.

Product Specialization/Innovation: Developing equipment specifically suited to diverse Indian farming conditions or introducing technologically advanced solutions (e.g., precision agriculture tools).

Cost Leadership: Achieving efficiency in manufacturing and supply chain to offer competitive pricing.

Brand Reputation: Building trust among farmers for quality, durability, and reliability of products over time.

Without further information, it is difficult to determine if Harshil Agrotech Ltd. possesses any strong, enduring competitive advantages.

Growth Drivers

Key factors that could drive growth for Harshil Agrotech Ltd. over the next 3-5 years include:

Increasing Farm Mechanization: The ongoing trend of mechanization in Indian agriculture to boost productivity and reduce labor dependency.

Government Support & Subsidies: Schemes promoting agricultural infrastructure, irrigation, and farm equipment purchases.

Rising Farmer Incomes: Improved agricultural yields and commodity prices can increase farmers' purchasing power for modern equipment.

Technological Adoption: Growth in demand for advanced agricultural technologies like precision farming and automation.

Growth in Food Processing Sector: Increased demand for post-harvest and food processing equipment due to industry expansion.

Export Opportunities: Potential to expand into international markets for agricultural machinery.

Risks

Monsoon Dependence: The agricultural sector in India is heavily reliant on monsoon patterns, impacting farmer incomes and equipment demand.

Commodity Price Volatility: Fluctuations in agricultural commodity prices can affect farmers' ability and willingness to invest in new machinery.

Intense Competition: Facing competition from large domestic and international players, as well as unorganized regional manufacturers.

Government Policy Changes: Changes in agricultural policies, subsidies, or import duties could impact demand or cost structures.

Technological Obsolescence: The need for continuous R&D and product innovation to keep pace with evolving agricultural practices.

Supply Chain & Raw Material Costs: Volatility in raw material prices (e.g., steel, components) and potential supply chain disruptions.

Credit Availability: Availability and cost of credit for farmers to purchase equipment can influence sales.

Management & Ownership

Specific details regarding the promoters, management team's experience, and corporate governance standards are not available. In the Indian context, companies of this nature are often promoter-driven, with key leadership positions held by founders or their families. The quality of management, their strategic vision, execution capabilities, and ability to navigate industry cycles are crucial for the company's success, but cannot be assessed without further information.

Outlook

The outlook for Harshil Agrotech Ltd. is tied to the broader trends and dynamics within the Indian agricultural industrial equipment sector. On one hand, the persistent drive towards mechanization in Indian agriculture, coupled with supportive government policies and the potential for technological advancements, presents a significant growth runway. If the company can successfully innovate, maintain product quality, develop a robust distribution and service network, and manage its costs effectively, it could capitalize on this expanding market. On the other hand, the business faces inherent risks from the cyclical nature of agriculture, dependence on monsoon, volatile commodity prices, intense competition, and potential changes in government policies. Its ability to mitigate these risks while capturing growth opportunities will be key to its performance.

Harshil Agrotech Share Price

Live · BSE · Inception: 1972
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Harshil Agrotech Quarterly Results

#(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 3 3 3 11 24 26 2 60 42 7
Other Income 0 0 0 0 0 0 -0 0 0 0
Total Income 3 3 3 11 24 26 2 60 42 7
Total Expenditure 3 3 3 10 19 20 3 51 47 13
Operating Profit 0 0 0 1 5 5 -1 9 -5 -5
Interest 0 0 0 0 0 -0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 1 5 5 -1 9 -5 -5
Provision for Tax 0 0 0 0 0 -0 0 2 -2 0
Profit After Tax 0 0 0 1 5 5 -1 7 -3 -5
Adjustments 0 0 0 -0 0 0 0 -0 0 -0
Profit After Adjustments 0 0 0 1 5 5 -1 7 -3 -5
Adjusted Earnings Per Share 0 0 0 0.1 0.1 0.1 -0 0.1 -0 -0.1

Harshil Agrotech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 0 1 0 0 0 0 0 4 13 64 111
Other Income 0 0 0 0 0 0 2 0 0 0 0 0
Total Income 0 0 1 0 0 0 2 0 4 13 64 111
Total Expenditure 0 0 0 0 1 0 1 0 3 12 53 114
Operating Profit -0 -0 0 -0 -0 -0 1 -0 1 1 11 -2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -0 -0 0 -0 -0 -0 1 -0 1 1 11 -2
Provision for Tax -0 -0 -0 -0 -0 -0 0 0 0 0 1 0
Profit After Tax -0 -0 0 -0 -0 -0 1 -0 1 1 10 -2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -0 -0 0 -0 -0 -0 1 -0 1 1 10 -2
Adjusted Earnings Per Share -0.1 -0.2 0.1 -0.2 -0.2 -0.3 0.7 -0.2 0.4 0 0.1 0

Harshil Agrotech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -0 -1 -1 -1 -1 -1 0 0 1 11 115
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 1 0
Other Non-Current Liabilities 1 1 1 1 1 0 -0 -0 -0 -0 -0
Total Current Liabilities 3 4 4 4 4 4 1 1 3 11 3
Total Liabilities 4 4 4 4 3 3 1 1 4 23 119
Fixed Assets 4 4 3 3 3 3 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 3 3
Total Current Assets 0 0 1 0 0 0 1 1 4 20 116
Total Assets 4 4 4 4 3 3 1 1 4 23 119

Harshil Agrotech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities -0 -0 -0 0 -0 -0 -1 -0 0 -8 -44
Cash Flow from Investing Activities 0 0 0 -0 -0 -0 5 -0 -0 -2 -0
Cash Flow from Financing Activities 0 0 0 -0 -0 0 -4 0 -0 10 93
Net Cash Inflow / Outflow -0 0 0 0 -0 0 0 -0 -0 0 50
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 50

Harshil Agrotech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.14 -0.24 0.07 -0.2 -0.2 -0.29 0.71 -0.18 0.45 0.05 0.11
CEPS(Rs) 0.06 -0.04 0.24 -0.05 -0.06 -0.16 0.8 -0.18 0.45 0.05 0.11
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -0.34 -0.58 -0.54 -0.75 -0.95 -1.24 0.15 -0.02 0.42 0.69 1.23
Core EBITDA Margin(%) 0 0 28.05 0 -69.89 -986.79 0 -100.73 16.91 7.67 17.27
EBIT Margin(%) 0 0 6.81 0 -96.16 -1180.81 0 -88.96 17.81 8.37 17.5
Pre Tax Margin(%) 0 0 6.46 0 -96.27 -1181.5 0 -89.33 17.81 8.36 17.49
PAT Margin (%) 0 0 13.71 0 -73.48 -912.79 0 -130.18 14.15 6.21 16.36
Cash Profit Margin (%) 0 0 47.36 0 -20.82 -493.6 0 -129.39 14.21 6.26 16.37
ROA(%) -3.79 -7.41 2.1 -6.31 -7.17 -11.28 40.05 -15.71 19.92 6.04 14.72
ROE(%) 0 0 0 0 0 0 0 -268.07 222.17 13.57 16.45
ROCE(%) -15.49 -14.61 1.41 -12.11 -12.27 -18.74 88.04 -33.6 85.72 16.45 17.41
Receivable days 0 0 414.28 0 0 280.8 0 383.25 191.62 163.64 155.67
Inventory Days 0 0 0 0 0 0 0 0 0 0 68.21
Payable days 0 0 171.13 0 246.07 501.28 0 255.14 186.77 216.23 45.67
PER(x) 0 0 0 0 0 0 0 0 0.29 10.19 36.66
Price/Book(x) -0.06 0 0 0 -0.03 -0.03 0 0 0.31 0.72 3.31
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 7.35 0 11 102.15 0 8.2 0.18 0.69 5.23
EV/Core EBITDA(x) -15.72 -23.9 18.16 -25.41 -25.3 -13.41 0.68 -9.3 1 8.19 29.85
Net Sales Growth(%) -100 0 0 -100 0 -88.34 -100 0 2241.22 236.67 391.48
EBIT Growth(%) 4.23 6.84 110.16 -949.95 10.75 -43.24 364.11 -112.15 568.75 58.17 927.97
PAT Growth(%) 50.75 -67.35 129.69 -392.04 1.38 -44.91 343 -125 354.43 47.77 1194.95
EPS Growth(%) 50.75 -67.35 129.69 -392.04 1.38 -44.91 343 -125 351.59 -89.05 127.81
Debt/Equity(x) -10.19 -5.68 -6.68 -4.39 -3.35 -2.72 0.15 6.41 0.71 0.06 0
Current Ratio(x) 0.04 0.07 0.2 0.08 0.02 0.04 0.94 1.17 1.22 1.86 35.8
Quick Ratio(x) 0.02 0.02 0.2 0.05 0.02 0.04 0.94 1.17 1.22 1.86 32.14
Interest Cover(x) -409.2 -574.71 19.41 -1256.77 -848.94 -1714.45 6554.71 -243.17 6839 2704.25 2269.31
Total Debt/Mcap(x) 123.1 0 0 0 91.09 79.06 0 0 2.75 0.08 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +392% — — —
Operating Profit CAGR +1000% — — —
PAT CAGR +900% — — —
Share Price CAGR -64% +9% +27% +26%
ROE Average +16% +84% -3% -1%
ROCE Average +17% +40% +35% +9%

Harshil Agrotech Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 0 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 100 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 0000000000
FII 0000000000
DII 0000000000
Public 100100100100100100100100100100
Others 0000000000
Total 100100100100100100100100100100

Harshil Agrotech Peer Comparison

Engineering - Industrial Equipments Edit Columns

Harshil Agrotech Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Harshil Agrotech Pros & Cons

Pros

  • Stock is trading at 0.2 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 84%
  • Debtor days have improved from 216.23 to 45.67days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
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