| Quarterly Financials | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 312 | 325 | 326 | 376 | 404 | 326 | 314 | 350 | 352 | 346 | 336 | 388 | 351 | 365 | 346 | 384 | 376 | 389 |
| Expenses | 265 | 284 | 283 | 321 | 348 | 274 | 260 | 293 | 306 | 304 | 285 | 326 | 288 | 311 | 296 | 366 | 310 | 325 |
| EBITDA | 48 | 41 | 43 | 55 | 56 | 52 | 55 | 57 | 46 | 42 | 51 | 62 | 63 | 54 | 50 | 19 | 66 | 64 |
| Operating Profit % | 14 % | 12 % | 13 % | 13 % | 12 % | 15 % | 14 % | 15 % | 12 % | 10 % | 12 % | 14 % | 16 % | 12 % | 13 % | 2 % | 15 % | 14 % |
| Depreciation | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 |
| Interest | 6 | 7 | 7 | 6 | 5 | 6 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 3 | 3 |
| Profit Before Tax | 33 | 26 | 27 | 41 | 42 | 38 | 43 | 45 | 34 | 30 | 38 | 50 | 50 | 41 | 37 | 7 | 53 | 50 |
| Tax | 7 | 8 | 9 | 10 | 11 | 10 | 11 | 12 | 9 | 9 | 8 | 13 | 14 | 12 | 11 | 10 | 15 | 13 |
| Net Profit | 26 | 18 | 18 | 30 | 31 | 28 | 32 | 33 | 25 | 20 | 30 | 37 | 36 | 29 | 27 | -2 | 38 | 36 |
| EPS in ₹ | 5.16 | 3.58 | 3.46 | 3.85 | 3.99 | 3.08 | 3.45 | 3.58 | 2.70 | 2.24 | 3.26 | 4.04 | 3.96 | 3.18 | 2.93 | -0.26 | 4.17 | 4.00 |
Harsha Engineers
Harsha Engineers
391.55
+3.45
(0.89%)
Q1 Quarterly Results are out. Check out the updated financials23 hours ago
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Key Fundamentals
Market Cap
3,533.40 Cr
EPS
9.81
PE Ratio
36.17
Dividend Yield
0.26 %
Industry
Industrial Products 52 Week High
560.00
52 Week Low
329.95
PB Ratio
2.72
Debt to Equity
0.16
Sector
Other Industrial Products Analyst Rating and Forecast
- By Refinitiv from3 analysts
Actual
Company News
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Harsha Engineers reported Q2 consolidated net profit of 364 million rupees, up from 290 million rupees year-over-year. Revenue increased to 3.8 billion rupees from 3.5 billion rupees in the same period last year. The company's EBITDA figures show conflicting data with one report stating 535 million rupees versus 539 million rupees year-over-year, while another correction shows 35 million rupees versus 539 million rupees year-over-year. EBITDA margin decreased to 14.14% from 15.29% in the previous year.
Harsha Engineers International Limited announced that its wholly owned subsidiary, Harsha Engineers Advantek Limited, has completed shifting its entire plant machinery and operations from a leased facility to a new plant location in Ahmedabad, Gujarat. The relocation was completed on October 31, 2025, with the company moving from Plot No. A-17 in Steel Town to Survey No. 376-379 in Bhayla. The leased entity contributed Rs 768.11 lakhs in turnover (0.55% of consolidated turnover) and Rs 79.57 lakhs in profit after tax (0.89% of consolidated PAT) in FY25. The company stated that no material impact on financial performance is anticipated from this operational shift.
Harsha Engineers International Limited reported consolidated revenue of INR 349 crores in Q1 FY2026, up from INR 330 crores in Q4 FY2025 and INR 327 crores in Q1 FY2025. The engineering business generated EBITDA of INR 65.2 crores while the solar division contributed INR 16.4 crores in revenue with INR 0.9 crores EBITDA. The company commissioned Phase 1 of its greenfield facility Harsha Advantek in May 2025 and secured a long-term bushing contract with peak annual sales potential of INR 117 crores. India engineering business performed at par with the previous quarter, with significant improvement in large-sized cages and strong bushing business traction. Romania operations achieved one of their highest sales in recent quarters while China operations continued positive performance. The company expects low-teens top-line growth for India engineering business and higher single-digit consolidated growth in FY2026, with bushing revenue projected to grow at least 30%. However, challenges include sluggish auto sector demand in India, softening U.S. demand, and ongoing losses at Romania and China subsidiaries.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
17,441.00 | #1 26,117.30 | 426.14 | 342.20 | 26.60 | 61 | 6.12 | 65.59 | |
1,175.30 | 10,917.90 | 44.40 | 1,346.70 | 15.63 | 226 | 22.83 | 44.56 | |
4,761.80 | 7,361.90 | 42.74 | 1,381.20 | 10.51 | 175 | -8.09 | 30.24 | |
796.60 | 4,997.40 | 84.67 | 441.70 | #1 40.89 | 53 | 46.34 | 40.27 | |
3,637.40 | 3,827.50 | #1 11.54 | #1 6,677.70 | 4.15 | #1 308 | 44.26 | 28.63 | |
391.55 | #6 3,533.40 | #5 36.17 | #2 1,445.40 | #10 1.66 | #4 89 | #5 25.52 | 45.31 | |
1,028.70 | 1,792.80 | 32.83 | 1,141.50 | 4.44 | 60 | #1 273.13 | 41.52 | |
375.05 | 1,375.80 | 33.70 | 344.50 | 20.62 | 36 | 68.49 | 51.74 | |
165.00 | 1,126.60 | 38.53 | 608.20 | 14.99 | 29 | 0.00 | 58.18 | |
393.60 | 975.40 | 28.54 | 362.00 | 15.32 | 34 | -16.00 | 25.63 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
1.66 %
Net Income Growth
-19.84 %
Cash Flow Change
51.96 %
ROE
-24.89 %
ROCE
-21.95 %
EBITDA Margin (Avg.)
4.10 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 973 | 981 | 1,158 | 1,445 | 1,567 | 1,691 |
| Fixed Assets | 334 | 342 | 356 | 387 | 418 | 414 |
| Current Assets | 618 | 617 | 780 | 998 | 1,064 | 1,008 |
| Capital Work in Progress | 3 | 3 | 2 | 12 | 15 | 161 |
| Investments | 7 | 9 | 7 | 194 | 234 | 305 |
| Other Assets | 630 | 626 | 794 | 853 | 900 | 811 |
| Total Liabilities | 973 | 981 | 1,158 | 1,445 | 1,567 | 1,691 |
| Current Liabilities | 474 | 431 | 476 | 344 | 365 | 314 |
| Non Current Liabilities | 128 | 123 | 161 | 30 | 26 | 123 |
| Total Equity | 372 | 427 | 522 | 1,072 | 1,175 | 1,254 |
| Reserve & Surplus | 295 | 377 | 445 | 981 | 1,084 | 1,163 |
| Share Capital | 50 | 50 | 77 | 91 | 91 | 91 |
Cash Flow
| Cash Flow | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 24 | 9 | -12 | 41 | -47 | 1 |
| Investing Activities | -51 | -20 | -52 | -312 | -158 | -212 |
| Operating Activities | 113 | 121 | 37 | 137 | 136 | 206 |
| Financing Activities | -38 | -92 | 4 | 216 | -25 | 6 |
Share Holding
| % Holding | Feb 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 99.70 % | 74.61 % | 74.61 % | 74.61 % | 74.61 % | 74.61 % | 74.61 % | 74.61 % | 74.61 % | 74.61 % | 74.61 % | 74.61 % | 74.72 % | 75.00 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 1.86 % | 0.00 % | 1.61 % | 0.76 % | 0.56 % | 0.58 % | 0.54 % | 0.88 % | 0.39 % |
| DIIs | 0.00 % | 9.04 % | 11.06 % | 11.37 % | 10.01 % | 9.19 % | 7.53 % | 7.43 % | 8.69 % | 8.85 % | 8.72 % | 8.65 % | 11.85 % | 12.47 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 10.62 % | 9.33 % | 8.45 % | 7.76 % | 7.82 % | 8.31 % | 8.81 % | 7.77 % | 7.86 % | 9.84 % | 9.97 % | 10.47 % | 10.36 % |
| Others | 0.30 % | 5.73 % | 5.00 % | 5.57 % | 7.63 % | 6.52 % | 9.55 % | 7.54 % | 8.17 % | 8.13 % | 6.25 % | 6.23 % | 2.07 % | 1.77 % |
| No of Share Holders | 20 | 20 | 1,32,892 | 1,22,843 | 1,05,011 | 99,274 | 96,528 | 91,107 | 78,307 | 79,500 | 77,771 | 77,352 | 78,464 | 74,886 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1 | 1 | 1 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.27 | 0.26 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 01 Jan 2021 |  Change Of Name | NA | 01 Jan 2021 | 0.00 | 0.00 |
| 21 Sept 2023 |  Dividend | ₹ 1.00 /share | 21 Sept 2023 | 450.10 | 428.45 |
| 09 Sept 2024 | Dividend | ₹ 1.00 /share | 09 Sept 2024 | 439.70 | 515.60 |
| 16 Sept 2024 |  Annual General Meeting | NA | 16 Sept 2024 | 439.70 | 514.70 |
| 11 Nov 2024 |  Quarterly Result Announcement | NA | 11 Nov 2024 | 483.75 | 506.60 |
| 13 Feb 2025 | Quarterly Result Announcement | NA | 13 Feb 2025 | 410.65 | 394.00 |
| 08 May 2025 | Quarterly Result Announcement | NA | 08 May 2025 | 375.70 | 371.00 |
| 06 Aug 2025 | Quarterly Result Announcement | NA | 06 Aug 2025 | 407.90 | 415.05 |
| 29 Aug 2025 | Dividend | ₹ 1.00 /share | 29 Aug 2025 | 371.00 | 401.40 |
| 12 Sept 2025 | Annual General Meeting | NA | 12 Sept 2025 | 371.00 | 413.20 |
| 06 Nov 2025 | Quarterly Result Announcement | NA | 06 Nov 2025 | 404.00 | 399.00 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 hours ago
11 hours agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Monitoring Agency Report1 day ago
1 day agoStatement Of Deviation For The Quarter Ended On September 30 20251 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Investor Presentation1 day ago
1 day agoUnaudited Financial Results For The Quarter And Half Year Ended September 30 20251 day ago
1 day agoBoard Meeting Outcome for Outcome Of The Board Meeting Held On Thursday November 6 20251 day ago
1 day agoM/S Harsha Engineers Advantek Limited Wholly Owned Subsidiary Of The Company Has Shifted Its Entire Plant & Machineries And Operations Effective From October 31 20257 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 24, 2025
Oct 24, 2025Board Meeting Intimation for Consideration Of Un-Audited Financial Results For The Quarter/Half Yearly Ended On September 30 2025Oct 24, 2025
Oct 24, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 15, 2025
Sep 15, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 12, 2025
Sep 12, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 12, 2025
Sep 12, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 02, 2025
Sep 02, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 02, 2025
Sep 02, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 02, 2025
Sep 02, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 02, 2025
Sep 02, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 02, 2025
Sep 02, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 21, 2025
Aug 21, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 20, 2025
Aug 20, 2025Reg. 34 (1) Annual Report.Aug 20, 2025
Aug 20, 2025Notice Of The 15Th Annual General Meeting Along With Annual Report Of The Company For The Financial Year 2024-25.Aug 20, 2025
Aug 20, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 06, 2025
Aug 06, 2025Statement Of Deviation For The Quarter Ended On June 30 2025Aug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 06, 2025
Aug 06, 2025Unaudited Results For The Quarter Ended June 30 2025Aug 06, 2025
Aug 06, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On August 6 2025Aug 06, 2025
Aug 06, 2025Communication To Shareholders - Intimation On Tax Deduction On DividendAug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 31, 2025
Jul 31, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Jul 31, 2025
Jul 31, 2025Board Meeting Intimation for Consider And Approve Standalone And Consolidated Unaudited Financial Results For The Quarter Ended On June 30 2025Jul 30, 2025
Jul 30, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 09, 2025
Jul 09, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jul 01, 2025
Jul 01, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jul 01, 2025
Jul 01, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jul 01, 2025
Jul 01, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Jul 01, 2025
Jul 01, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJun 30, 2025
Jun 30, 2025Commencement Of Commercial Production And InvoicingJun 26, 2025
Jun 26, 2025Closure of Trading WindowJun 24, 2025
Jun 24, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Jun 06, 2025
Jun 06, 2025Commissioned Of 2*5.20 Mwp Solar Tracker PV Power PlantMay 23, 2025
May 23, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 19, 2025
May 19, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 19, 2025
May 19, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 DSP Small Cap Direct Plan-Growth | 0.00% | -6991662 | -1.66% | -1.67% | |
 Nippon India Small Cap Fund Direct- Growth | 0.00% | -4136864 | -0.25% | -0.25% | |
 ICICI Prudential Children's Fund Direct-Growth | 0.00% | -120287 | -0.34% | 0.00% | |
 Bandhan Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Groww Nifty Total Market Index Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
| ICICI Prudential ESG Exclusionary Strategy Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Mirae Asset Nifty Total Market Index Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% | |
 Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% | |
| Nippon India Flexi Cap Fund Direct - Growth | 0.00% | 0 | 0.00% | 0.00% |
Technical Indicators
RSI(14)
Neutral 42.16
ATR(14)
Volatile 10.24
STOCH(9,6)
Neutral 35.12
STOCH RSI(14)
Neutral 57.59
MACD(12,26)
Bullish 0.56
ADX(14)
Strong Trend 30.25
UO(9)
Bearish 33.28
ROC(12)
Downtrend And Accelerating -0.09
WillR(14)
Oversold -82.90
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