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P/E Ratio: Price to Earnings - Most used valuation metric
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Analyzing Investment Quality
Processing 9 key metrics...
Key Metrics
Hover for details
Valuation
Market Cap
₹3,471.51 Cr
Market Cap
Total market value of companyP/E Ratio
32.71
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)P/B Ratio
2.71
P/B Ratio
Price to Book Value. <3 may indicate undervaluationEPS
₹11.60
EPS
Earnings Per Share. Higher and growing is positiveProfitability
ROE
2.65%
ROE
Return on Equity. >15% is good, >20% is excellentROCE
12.10%
ROCE
Return on Capital Employed. >15% is goodNet Margin
6.92%
Net Margin
Net profit as % of revenue. >10% is goodOperating Margin
-%
Operating Margin
Operating profit margin. >15% is goodGrowth
EPS Growth (5Y)
28.17%
EPS Growth (5Y)
5-year EPS growth. >15% is strongRevenue Growth (5Y)
9.71%
Revenue Growth (5Y)
5-year revenue growth. >10% is goodQtr Sales Growth
6.45%
Qtr Sales Growth
Quarter-over-quarter sales growthQtr Profit Growth
5.21%
Qtr Profit Growth
Quarter-over-quarter profit growthFinancial Health
Debt/Equity
0.16
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellentBook Value
₹137.75
Book Value
Net asset value per shareDividend Yield
0.24%
Dividend Yield
Annual dividend as % of price. >2% is goodPromoter Holding
75.00%
Promoter Holding
Promoter stake. >50% shows confidenceGood
Average
Needs Attention
SWOT Analysis
Strengths
3 points- •Harsha Engineers boasts a robust promoter holding of 75.00% as of September 2025, signaling strong insider confidence and commitment. This high ownership reduces takeover risks and aligns management interests with long-term shareholder value.
- •The company exhibits a healthy Return on Equity (ROE) of 8.75% and Return on Assets (ROA) of 6.53%. These metrics demonstrate efficient utilization of shareholder capital and effective asset management in generating profits.
Weaknesses
4 points- •Harsha Engineers' stock has experienced significant volatility, ranging from a high of ₹560 to a low of ₹330 in the past year. This wide fluctuation presents considerable risk for investors seeking stable returns and requires careful monitoring.
- •Despite a 6.45% sales growth, the recent quarterly profit growth was only 5.21% (₹37.9 million). This relatively slow profit expansion compared to sales warrants further investigation into operational efficiency and profitability trends.
Opportunities
3 points- •Operating within the Capital Goods sector, Harsha Engineers is well-positioned to capitalize on potential industry expansion driven by infrastructure development and increased industrial activity, fostering demand for its products.
- •The company's current PE ratio of 33.80 is lower than many peers, such as PTCIL (411.20) and HBL Engineering (81.87). This valuation gap could present an opportunity for market re-rating or strategic growth.
Threats
3 points- •Harsha Engineers faces stiff competition from peers, with some exhibiting significantly higher ROCE, such as Esab India (70.03%) and Inox India (37.98%), compared to Harsha's 12.10%. This could pressure margins and market position.
- •As a player in industrial products, Harsha Engineers is susceptible to global economic slowdowns or recessions. Reduced industrial activity and capital expenditure could directly impact sales and profitability.
Segment-wise Financial Analysis
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Shareholding Pattern
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Company Insider Trading Activity
No insider trading data available
Corporate Action
Company Announcements
Technical Analysis & Indicators
Standard pivot points - most widely used
Pivot Points (CLASSIC)
| Level | Price | Distance | % Change |
|---|---|---|---|
| R4 | ₹377.15 | +₹37.15 | +10.93% |
| R3 | ₹362.75 | +₹22.75 | +6.69% |
| R2 | ₹356.70 | +₹16.70 | +4.91% |
| R1 | ₹348.35 | +₹8.35 | +2.46% |
| PIVOT | ₹342.30 | 2.30 | 0.68% |
| CURRENT | ₹340.00 | - | - |
| S1 | ₹305.15 | -₹34.85 | -10.25% |
| S2 | ₹319.55 | -₹20.45 | -6.01% |
| S3 | ₹327.90 | -₹12.10 | -3.56% |
| S4 | ₹333.95 | -₹6.05 | -1.78% |
CPR Levels
Support
Resistance
S4
N/A
S3
N/A
S2
N/A
S1
N/A
| CPR |
BC: N/AP: N/ATC: N/A
R1
N/A
R2
N/A
R3
N/A
R4
N/A
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment
is trading CPR, indicating
● CPR Width
CPR is
● Opening Range
Day's range: ~
● Price Position
Trading Inside opening range
Delivery Volume Analysis & Trading Activity
Latest Volume+1.1% vs avg
0.22L
(13 Mar 2026)Delivery %+8.2% vs avg
68.9%
(13 Mar 2026)Avg Volume (20D)20-day average
0.22L
(13 Feb - 13 Mar)Avg Delivery %Trend ↑
60.7%
(13 Feb - 13 Mar)Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.
Peer Comparison & Industry Benchmarking
Quick Compare
Largest by Market Cap
Schaeffler India Ltd
59,147.65 ₹ Cr
Best Profit Growth
Raymond Ltd
6800.00 %
Highest Dividend Yield
NRB Bearings Ltd
1.71 %
Peer Comparison
| Company Name |
|---|
 AIA Engineering Ltd |
 The Anup Engineering Ltd |
 GMM Pfaudler Ltd |
 Greaves Cotton Ltd |
 HLE Glascoat Ltd |
 Jash Engineering Ltd |
 NRB Bearings Ltd |
 Oswal Pumps Ltd |
 Raymond Ltd |
 Rolex Rings Ltd |
 Schaeffler India Ltd |
 Standard Glass Lining Technology Ltd |
 Shanthi Gears Ltd |
About
Harsha Engineers International Ltd
Harsha Engineers International Limited is a prominent Indian company specializing in the manufacturing and sale of high-precision bearing cages. Their primary focus lies in the design, development, production, and supply of these critical components for various industries globally. The company's expertise encompasses a wide range of materials, including brass, steel, and polyamide, catering to diverse application needs.
Harsha operates through two main segments: Engineering & Others and Solar-EPC and O&M. The Engineering & Others segment represents the core of their business, encompassing the design, tooling, manufacture, and procurement of bearing cages and other precision components like stamped parts, welded assemblies, brass castings, and bronze bushings. These components find applications across several sectors, including automotive, industrial machinery, wind energy, railway systems, and even aerospace.
The Solar-EPC and O&M segment marks a diversification into renewable energy. This division handles the complete lifecycle of solar power projects, from initial engineering and design through procurement, construction, installation, commissioning, operation, and ongoing maintenance. This demonstrates a strategic move by Harsha to expand beyond their core competency and tap into the burgeoning renewable energy market.
Harsha's strong foothold in the precision engineering sector, coupled with its foray into solar energy, positions the company for sustained growth and diversification. Their extensive experience and diverse product portfolio enable them to serve a broad client base across various industries, both domestically and internationally. The company's long history, beginning in 1986, speaks to its enduring success and adaptability within a competitive landscape.
COMPANY FACTS - HARSHA
Registered Address
Sarkhej-Bavla Road, Po Changodar
Ahmedabad
GUJARAT
IN
Tel: 912717618200
Website:https://www.harshaengineers.com/
Investor Relations:http://www.harshaengineers.com/InvestorRelations/financial-information.php
Company Details
Group: Capital Goods
Sector: Industrials
Industry: Machinery
Exchange: NATIONAL STOCK EXCHANGE OF INDIA
Employees: 1,731
IPO Date: 26/09/2022
MANAGEMENT - HARSHA
Shri. Rajendra Shah
Whole-Time Chairman of the Board
Shri. Vishal Rangwala
Chief Executive Officer, Whole time Director
Shri. Maulik Jasani
Vice President – Finance, Group Chief Financial Officer
Shri. Pilak Shah
Chief Operating Officer, Whole-Time Director
Shri. Kiran Mohanty
Compliance Officer, Company Secretary
Shri. Harish Rangwala
Managing Director, Executive Director
Ms. Hetal Ukani
Whole-time Director
Shri. Mircea Bucur
Director of Harsha Engineers Europe SRL
Shri. Hemant Sharma
Director of Harsha Precision Bearing Components (China) Co. Limited
Ms. Priyanka Agarwal Chopra
Independent Director
Shri. Ramakrishnan Kasinathan
Independent Director
Shri. Ambar Patel
Independent Director
Investor Questions Answered
Harsha Engineers International Ltd (HARSHA) Stock FAQs
Get answers to the most common questions about Harsha Engineers International Ltd stock price, fundamentals, financial metrics, and investment analysis
The current share price of Harsha Engineers International Ltd (HARSHA) is ₹340. Today, the stock has declined by ₹10.65 (3.04%), trading in a range of ₹336.25 to ₹350.65. The stock opened at ₹345.4 with a trading volume of 21,459 shares.
Harsha Engineers International Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹3,471.51 crores, P/E ratio of 32.71, ROE of 2.65%, and ROCE of 12.10%. The dividend yield stands at 0.24%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
The 52-week high price of Harsha Engineers International Ltd (HARSHA) is ₹451.85, while the 52-week low is ₹329.95. Currently trading at ₹340, the stock is 8.2% away from its 52-week low and 24.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Harsha Engineers International Ltd stock at ₹340 depends on multiple factors. The stock is currently trading with a P/E ratio of 32.71 and P/B ratio of N/A. Today's performance shows a loss of 3.04%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
Harsha Engineers International Ltd offers a dividend yield of 0.24%, which means for every ₹100 invested at the current price of ₹340, you can expect to receive approximately ₹0.24 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
Harsha Engineers International Ltd's key financial metrics include: P/E Ratio: 32.71, P/B Ratio: N/A, ROE: 2.65%, ROCE: 12.10%, Dividend Yield: 0.24%, EPS: ₹11.60, Book Value: ₹137.75, Debt-to-Equity: 0.16, and Current Ratio: N/A. The company's market cap stands at ₹3,471.51 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Harsha Engineers International Ltd stock opened at ₹345.4 and is currently trading at ₹340, showing a decline of ₹10.65 (3.04%). The intraday high is ₹350.65 and low is ₹336.25. The trading volume stands at 21,459 shares, indicating moderate market participation today.
Harsha Engineers International Ltd has a Price-to-Earnings (P/E) ratio of 32.71, which means investors are willing to pay ₹32.71 for every ₹1 of earnings. With an EPS of ₹11.60, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
Harsha Engineers International Ltd has a market capitalization of ₹3,471.51 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹340) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Harsha Engineers International Ltd has a book value of ₹137.75 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹340, which is 146.8% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Harsha Engineers International Ltd has a Return on Equity (ROE) of 2.65% and Return on Capital Employed (ROCE) of 12.10%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
Harsha Engineers International Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Harsha Engineers International Ltd has a debt-to-equity ratio of 0.16, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Harsha Engineers International Ltd has an Earnings Per Share (EPS) of ₹11.60, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹340 and P/E ratio of 32.71, investors are paying 32.71 times the annual earnings per share. The company may need to improve its earnings performance. Track EPS growth over quarters to assess earnings momentum.
Harsha Engineers International Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Harsha Engineers International Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Harsha Engineers International Ltd stock, consider: 1) Fundamental Analysis - Review P/E (32.71), ROE (2.65%), debt-to-equity (0.16), and growth rates. 2) Technical Analysis - Check 52-week range (₹329.95 - ₹451.85), moving averages, and chart patterns. 3) Valuation - Compare current price (₹340.00) with book value (₹137.75) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Harsha Engineers International Ltd share is ₹10.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹340 is 3300x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Harsha Engineers International Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹329.95 - ₹451.85). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.16 indicates leverage. 4) Liquidity Risk - Based on trading volume of 21,459 shares. 5) Valuation Risk - P/E of 32.71 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Harsha Engineers International Ltd operates in the industry with key metrics: P/E ratio of 32.71, ROE of 2.65%, market cap of ₹3,471.51 crores, and dividend yield of 0.24%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.16), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Harsha Engineers International Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹340, with a 52-week range of ₹329.95 to ₹451.85. Based on fundamentals like P/E (32.71), ROE (2.65%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Harsha Engineers International Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹340.00. 2) Fundamental Deterioration - Declining ROE (currently 2.65%), increasing debt (D/E: 0.16), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Harsha Engineers International Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.24%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.
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