Harsha Engineers International
- Market cap
- ₹ 3,673 Cr.
- P/E
- 23.8x
- P/B
- 2.73x
- 52-week range
- 313.3 – 484.8
- ROE
- 11%
- ROCE
- 13%
- Dividend yield
- 0.4%
- Debt / equity
- 0.27
- Sector
- Industrial Products
- Industry
- Other Industrial Products
- Listed on
- NSE, BSE
About
Harsha Engineers International Limited is an India-based company. The Company is a manufacturer and exporter of precision bearing cages and precision engineered components, serving clients across the globe. Its segments include Engineering & Others; and Solar-engineering, procurement, and construction (EPC) and operations and maintenance (O&M). Its Engineering and Others segment includes all activities related to bearing cages and stamp components, including but not limited to sales, services, design, tooling, development, procurement and manufacturing. The Solar-EPC and O&M segment includes all activities related to solar power projects, including engineering, design, development, procurement, construction, erection, installation, commissioning, operation and maintenance. The Company offers a range of products, including Steel Cages, Brass Cages and Bushings, Polyamide Cages, and Stamped Components. It supplies products to both domestic and international customers.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Industrial Products: 57 companies →Harsha Engineers International against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)23.8 against a typical 22.5: pricier than most peers (1st = cheapest).32nd of 56
- Sales growth+25.2% against a typical +17.6% from a year earlier.16th of 42
- Profit growth−2.6% against a typical −2.6% from a year earlier.21st of 41
- Share price, 3 months+1.1% against a typical −4.6%.16th of 49
- Size₹ 3,673.5 Cr. market value against a typical ₹ 127.7 Cr. (1st = largest).6th of 54
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA- / CARE A1+ | Stable | 27 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 27 Apr 2026 | Reaffirmed | CARE AA- / CARE A1+ | — | CARE | ₹ 493.12 Cr. | |
| 24 Feb 2026 | Reaffirmed | CARE AA- / CARE A1+ | — | CARE | ₹ 428.12 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 11 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 7 May 2026 | Financial Results/Dividend/Fund Raising | To consider and approve the financial results for the period ended March 31, 2026, dividend and ESOP Scheme |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 6 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 6 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 8 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 339 | 324 | 380 | 343 | 353 | 339 | 373 | 365 | 378 | 409 | 474 | 457 |
| Expenses | 304 | 285 | 326 | 288 | 311 | 296 | 338 | 310 | 325 | 352 | 400 | 390 |
| Operating Profit | 35 | 40 | 55 | 55 | 42 | 43 | 35 | 55 | 54 | 57 | 73 | 67 |
| OPM % | 10% | 12% | 14% | 16% | 12% | 13% | 9% | 15% | 14% | 14% | 15% | 15% |
| Other Income | 7 | 11 | 8 | 8 | 12 | 7 | −17 | 11 | 10 | 7 | 11 | 5 |
| Interest | 2 | 3 | 3 | 3 | 3 | 2 | 1 | 3 | 3 | 5 | 6 | 6 |
| Depreciation | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 12 | 13 | 14 |
| Profit before tax | 30 | 38 | 49 | 50 | 41 | 37 | 7 | 53 | 50 | 47 | 65 | 53 |
| Tax % | 31% | 22% | 26% | 28% | 29% | 28% | 133% | 29% | 26% | 29% | 28% | 29% |
| Net Profit | 20 | 30 | 37 | 36 | 29 | 27 | −2 | 38 | 36 | 34 | 47 | 37 |
| EPS in Rs | 2.24 | 3.26 | 4.04 | 3.96 | 3.18 | 2.93 | −0.26 | 4.17 | 4 | 3.69 | 5.19 | 4.11 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 13%
- 3 Years
- 6%
- TTM
- 20%
- 10 Years
- —
- 5 Years
- 25%
- 3 Years
- 4%
- TTM
- 42%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- −1%
- TTM
- —
- 10 Years
- —
- 5 Years
- 12%
- 3 Years
- 10%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Harsha Engineers International | ₹ 427.00 | ₹ 3,673 Cr. | 23.8x | 2.7x | 11% | — |
| Bharat Forge | ₹ 1,709.60 | ₹ 81,734 Cr. | 89.6x | 10.9x | 11.5% | 6.5% |
| Havells India | ₹ 1,032.00 | ₹ 64,764 Cr. | 44.1x | 7.9x | — | 6.9% |
| Schaeffler India | ₹ 3,468.00 | ₹ 54,379 Cr. | 56.2x | 10.7x | — | 12% |
| Sterlite Technologies | ₹ 829.00 | ₹ 42,603 Cr. | 464.5x | 11.2x | 2.6% | 1.2% |
| R R Kabel | ₹ 2,150.60 | ₹ 26,329 Cr. | 51.2x | 10.1x | 20.8% | 5.1% |
Management
- Rajendra Shantilal Shah
- Whole-Time Chairman of the Board
- Vishal Rangwala
- Chief Executive Officer, Whole time Director
- Maulik Jasani
- Vice President – Finance, Group Chief Financial Officer
- Pilak Shah
- Chief Operating Officer, Whole-Time Director
- Kiran Kumar Mohanty
- Compliance Officer, Company Secretary
- Harish R. Rangwala
- Managing Director, Executive Director
- Hetal Ukani
- Whole-time Director
- Mircea Bucur
- Director of Harsha Engineers Europe SRL
Prices are delayed and for information only. Nothing on this page is investment advice.