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Harsha Engineers International Ltd

(HARSHA)

₹480.550.44%

as on 04:01PM, 22 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Harsha Engineers International Ltd Analyst Rating

based on 4 analysts

BUY

50.00%

Buy

25.00%

Hold

25.00%

Sell

Based on 4 analysts offering long term price targets for Harsha Engineers International Ltd. An average target of ₹568

Source: S&P Global Market Intelligence

Harsha Engineers International Ltd Share analysis

Harsha Engineers International Ltd price forecast by 4 analysts

Upside of18.72%

High

₹610

Target

₹568.00

Low

₹550

Harsha Engineers International Ltd target price ₹568, a slight upside of 18.72% compared to current price of ₹480.55. According to 4 analysts rating.

Source: S&P Global Market Intelligence

Harsha Engineers International Ltd Performance

  • Day's Low

    Day's High

    ₹480
    ₹485.85
  • 52 Week's Low

    52 Week's High

    ₹360.1
    ₹613.85
1 Month Return-0.79 %
3 Month Return-11.18 %
1 Year Return+ 21.16 %
Previous Close₹478.45
Open₹480.00
Volume22.75K
Upper Circuit-
Lower Circuit-
Market Cap₹4,356.01Cr

Harsha Engineers International Ltd Key Statistics

P/E Ratio33.13
PEG Ratio13.41
Market Cap₹4,356.01 Cr
P/B Ratio2.93
EPS12.24
Dividend Yield0.25
SectorAuto Ancillaries
ROE10.71

Harsha Engineers International Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹4,356.01 Cr-0.33%0.54₹111 Cr₹1,392 Cr
BUY₹6,038.79 Cr50.54%0.51₹178 Cr₹3,402 Cr
BUY₹11,837.62 Cr49.13%0.76₹337 Cr₹4,451 Cr
NA₹3.21 Cr80.67%20.22NANA
BUY₹1,997.68 Cr1.59%0.50NANA

About Harsha Engineers International Ltd

Harsha Engineers International Limited has been the largest manufacturer of precision bearing cages in organized sectors in India since its inception in 1986, and amongst the top leading companies worldwide with a 5-6% market share in the organized segment. The company is technology-driven with strong focus on research and development to craft products catered to customer requirements. It has its principal production facilities in Changodar and Moraiya near Ahmedabad in Gujarat, as well as in Changshu, China, and Ghimbav, Brasov, Romania. Its dedication to innovation has enabled the company to create advance tooling in-house, allowing them to build complex products.

Share Price: ₹480.55 per share as on 22 Nov, 2024 04:01 PM
Market Capitalisation: ₹4,356.01Cr as of today
Revenue: ₹352.58Cr as on September 2024 (Q3 24)
Net Profit: ₹28.96Cr as on September 2024 (Q3 24)
Listing date: 26 Sep, 2022
Chairperson Name: Rajendra S Shah
OrganisationHarsha Engineers International Ltd
HeadquartersAhmedabad
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Key events for Harsha Engineers International Ltd

  • Harsha Engineers Upgraded with Positive Outlook - 13 Nov, 2024

    Prabhudas Lilladher upgraded Harsha Engineers to 'Accumulate' with a target price of Rs 561. Despite challenges in export markets, domestic demand remains strong, and the company reported a 3.9% YoY revenue growth. The outlook is optimistic due to market leadership, capacity expansions, and a projected recovery in financials, supported by cost efficiencies and forex gains.

  • Harsha Engineers Reports Growth in Sales and Profit - 12 Nov, 2024

    Harsha Engineers International's September 2024 results show a 1.33% increase in net sales to Rs 271.97 crore and a 10.75% rise in net profit to Rs 32.77 crore. Despite challenges in Europe and Romania, the long-term outlook remains positive, prompting an upgrade to 'Accumulate' with a target price of Rs 561.

  • Harsha Engineers Reports Strong Q2 Earnings - 11 Nov, 2024

    Harsha Engineers International Limited reported robust earnings for Q2 and six months ended September 30, 2024, with increased sales, revenue, and net income compared to the previous year.

Insights on Harsha Engineers International Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, HARSHA stock has moved up by 0.7%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 15.94% to 15.99% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 8.24% to 8.43% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 351.06 Cr → 364.66 Cr (in ₹), with an average increase of 3.7% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.61% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Thermax Ltd has given 67.2% return, outperforming this stock by 46.1%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.76% to 0.56% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 36.78 Cr → 28.96 Cr (in ₹), with an average decrease of 10.8% per quarter

Harsha Engineers International Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹339.49Cr (-)₹324.45Cr (↓4.43%)₹380.40Cr (↑17.24%)₹343.16Cr (↓9.79%)₹352.58Cr (↑2.75%)
Net Income₹20.39Cr (-)₹29.68Cr (↑45.56%)₹36.78Cr (↑23.92%)₹36.05Cr (↓1.98%)₹28.96Cr (↓19.67%)
Net Profit Margin6.01% (-)9.15% (↑52.25%)9.67% (↑5.68%)10.51% (↑8.69%)8.21% (↓21.88%)
Value in ₹ crore
Details2021202220232024
Total Assets₹881.29Cr (-)₹1,066.96Cr (↑21.07%)₹1,360.33Cr (↑27.50%)₹1,533.30Cr (↑12.72%)
Total Liabilities₹420.76Cr (-)₹498.91Cr (↑18.57%)₹236.65Cr (↓52.57%)₹287.84Cr (↑21.63%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹84.05Cr (-)₹102.60Cr (↑22.07%)₹50.88Cr (↓50.41%)₹118.76Cr (↑133.41%)₹124.16Cr (↑4.55%)

Index Inclusions

S&P BSE Indus.

₹14,501.81

1.82 (259.12%)

BSE Small-Cap

₹52,612.93

0.9 (471.78%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Harsha Engineers International Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.61%
0.00
Foreign Institutions
0.56%
-26.29
Mutual Funds
8.43%
2.24
Retail Investors
15.99%
0.31
Others
0.42%
-7.57

Harsha Engineers International Ltd Key Indicators

Details20202021202220232024
Return On Equity %9.388.6520.6315.1810.71
Details2021202220232024
Return On Assets %5.168.629.067.27
Details20232024
Book Value Per Share (₹)117.73129.09
Details20232024
Earning Per Share (₹)13.5412.24

Harsha Engineers International Ltd Valuation

Harsha Engineers International Ltd in the last 5 years

  • Overview

  • Trends

Lowest (22.46x)

March 24, 2023

Today (33.13x)

November 21, 2024

Industry (51.21x)

November 21, 2024

Highest (47.99x)

June 24, 2024

LowHigh

Harsha Engineers International Ltd Earnings and Dividends

  • Harsha Engineers International Ltd Earnings Results

    Harsha Engineers International Ltd’s net profit jumped 42.03% since last year same period to ₹28.96Cr in the Q2 2024-2025. On a quarterly growth basis, Harsha Engineers International Ltd has generated -19.67% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Harsha Engineers International Ltd Dividends May,2024

    In the quarter ending March 2024, Harsha Engineers International Ltd has declared dividend of ₹1 - translating a dividend yield of 0.42%.

    Read More about Dividends

Harsha Engineers International Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Harsha Engineers International Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Harsha Engineers International Ltd (HARSHA) share price today is ₹480.55

Harsha Engineers International Ltd is listed on NSE

Harsha Engineers International Ltd is listed on BSE

  • Today’s highest price of Harsha Engineers International Ltd is ₹485.85.
  • Today’s lowest price of Harsha Engineers International Ltd is ₹480.

PE Ratio of Harsha Engineers International Ltd is 33.13

PE ratio = Harsha Engineers International Ltd Market price per share / Harsha Engineers International Ltd Earnings per share

Today’s traded volume of Harsha Engineers International Ltd(HARSHA) is 22.75K.

Today’s market capitalisation of Harsha Engineers International Ltd(HARSHA) is ₹4356.01Cr.

Harsha Engineers International Ltd(HARSHAPrice
52 Week High
₹613.85
52 Week Low
₹360.1

Harsha Engineers International Ltd(HARSHA) share price is ₹480.55. It is down -21.72% from its 52 Week High price of ₹613.85

Harsha Engineers International Ltd(HARSHA) share price is ₹480.55. It is up 33.45% from its 52 Week Low price of ₹360.1

Harsha Engineers International Ltd(HARSHAReturns
1 Day Returns
2.1%
1 Month Returns
-0.79%
3 Month Returns
-11.18%
1 Year Returns
21.16%