Harsha Engineers International Limited

Web: harshaengineers.com NSE: HARSHA BSE: 543600 SECTOR: Capital Goods - Industrial Products | Add Note | View Notes

425 13(-3%)

Volume

93k as on 18, Sep

Open

531

High

533

Low

518

438

VWAP

442

52 Week High

485

52 Week Low

313

Viand Research Rating

Quality Score

38/100

Growth Score

24/100

Valuation Score

50/100

Momentum Score

20/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

3,869

No. of Shares

9.1

P/E

33.17

P/B

3.61

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

10.9

ROCE

Profit Growth

Listing Date

26-Sep-22

Rank/Sector Rank

#931/#138

Promoter Holding

75%

FII Holding

1.79%

DII Holding

13.02%

Price Chart

Price Performance

1 Week1%

1 Month1%

3 Months1%

6 Months29%

1 Year24%

YTD24%

Moving Average

5 Day SMA435

10 Day SMA445

20 Day SMA444

30 Day SMA437

50 Day SMA428

61 Day SMA426

80 Day SMA423

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	447	436	443	449
Resistance 2	443	436	439	444
Resistance 1	438	435	437	440
Pivot Point	434	434	434	435
Support 1	429	433	430	431
Support 2	425	432	428	425
Support 3	420	431	425	422

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HAL	3,24,650	4854	7%	6%	14%	3%	31	94.2	0	9116
2	BEL	2,71,339	371	2%	2%	17%	10%	49	94.2	0	6062
3	TMCV	1,53,572	417	3%	1%	5%	28%	0	94.2	0.44	3030
4	BHEL	1,42,834	410	0%	6%	41%	86%	409	94.2	0.22	1578
5	ABB	1,39,001	6560	0%	3%	1%	30%	93	94.2	0.02	1668
6	CGPOWER	1,29,346	821	1%	1%	12%	14%	119	94.2	0.01	1199
7	POWERINDIA	1,25,025	28050	5%	4%	3%	66%	150	94.2	0.02	988
8	CUMMINSIND	1,23,077	4440	5%	7%	9%	15%	74	94.2	0	2330
9	SIEMENS	1,21,815	3421	1%	3%	2%	17%	66	94.2	0.02	2754
10	POLYCAB	1,17,107	7770	0%	1%	4%	7%	52	94.2	0.01	2601
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022
Promoters	(0.01) 75.00%	(0.01) 75.00%	(0.01) 75.00%	(0.31) 75.00%	(0.11) 74.72%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%	(0.01) 74.61%
FIIs	(-0.61) 1.79%	(2.01) 2.37%	(0.01) 0.41%	(-0.51) 0.39%	(0.31) 0.88%	(0.01) 0.54%	(0.01) 0.58%	(-0.21) 0.56%	(-0.91) 0.76%	(0.01) 1.61%	(-0.31) 1.61%	(0.11) 1.86%	(-1.91) 1.81%	(-0.31) 3.74%	(0.21) 4.07%	(0.01) 3.84%
DIIs	(0.61) 13.02%	(0.01) 12.42%	(-0.11) 12.42%	(0.61) 12.48%	(3.21) 11.86%	(-0.11) 8.64%	(-0.11) 8.72%	(0.21) 8.85%	(1.31) 8.69%	(-0.71) 7.43%	(-1.11) 8.14%	(-0.81) 9.19%	(-1.41) 10.02%	(0.31) 11.37%	(2.01) 11.06%	(0.01) 9.04%
Public	10.19%	10.21%	12.16%	12.13%	12.55%	16.21%	16.08%	15.98%	15.92%	16.36%	15.62%	14.33%	13.56%	10.27%	10.27%	12.52%
No. of Shareholders	68,521	70,615	72,688	74,886	78,464	77,352	77,771	79,500	78,307	91,107	96,528	99,274	105,011	122,843	132,892	164,536

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Sales	316	356	322	279	271	291	268	272	258	298	259	268	256	344	301	322	398	368.88	323	323
Sales Growth % (YoY)	16.6%	22.3%	20.2%	2.5%	5%	-2.2%	3.6%	1.3%	0.8%	20.1%	14.3%	10.8%	-16.9%	-6.8%	-7%	-0.4%	-	-	-	-
Sales Growth % (QoQ)	-11.2%	10.6%	15.4%	3%	-6.9%	8.6%	-1.5%	5.4%	-13.4%	15.1%	-3.4%	4.7%	-25.6%	14.3%	-6.5%	-19.1%	7.9%	14.2%	-	-
Expenses	254	286	264	228	218	256	226	231	206	246	221	228	215	293	260	274	348	320.7	283	284
Operating Profit	63	69	58	50	54	35	42	41	52	51	38	40	41	51	41	48	50	48.18	40	39
OPM %	20	20	18	18	20	12	16	15	20	17	15	15	16	15	14	15	12	13.06	12	12
Other Income	7	10	6	10	12	-85	8	11	8	7	11	7	6	6	14	4	6	6.76	3	2
Interest	1	1	1	1	1	0	1	1	2	2	2	1	2	3	2	6	5	5.52	7	7
Depreciation	8	7	8	8	7	7	7	7	7	7	7	7	6	9	9	9	9	8.97	9	9
Profit before tax	61	71	56	52	58	-58	42	44	52	50	40	39	39	45	43	38	42	40.45	27	26
Tax %	25	25	25	26	25	16	25	26	25	25	25	24	23	27	26	26	26	25.78	33	30
Net Profit	46	53	42	39	43	-67	31	33	39	38	30	30	30	33	32	28	31	30.02	18	18
Net Profit Growth % (QoQ)	-13.2%	26.2%	7.7%	-9.3%	164.2%	-316.1%	-6.1%	-15.4%	2.6%	26.7%	-	-	-9.1%	3.1%	14.3%	-9.7%	3.3%	66.8%	-	-
Net Profit Growth % (YoY)	7%	179.1%	35.5%	18.2%	10.3%	-276.3%	3.3%	10%	30%	15.2%	-6.2%	7.1%	-3.2%	9.9%	77.8%	55.6%	-	-	-	-
TTM Net Profit	180	177	57	46	40	36	141	140	137	128	123	125	123	124	121.02	107.02	97.02	66.02	36	0
EPS in Rs	5.02	5.84	4.58	4.29	4.71	-7.35	3.4	3.6	4.24	4.13	3.29	3.25	3.27	3.58	3.49	3.08	3.99	3.89	2.36	3.58

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Sales	1228	1089	1081	1025	956	582	601	122	444	95
Sales Growth %	12.8%	0.8%	5.5%	7.1%	64.3%	-3.1%	393.9%	-72.6%	366.3%	-
Expenses	997	919	911	848	790	491	536	136	436	101
Operating Profit	232	170	170	176	166	92	64	-15	8	-6
OPM %	19	16	16	17	17	16	11	-12	1.7	-6
Other Income	38	-57	30	31	18	4	16	1	7	8
Interest	3	4	6	12	21	27	30	11	8	2
Depreciation	30	29	27	23	20	17	20	0	0	0
Profit before tax	237	80	168	172	143	51	30	-25	7	-1
Tax %	25	56	24	25	26	26	33	-30	0	-2
Net Profit	177	35	127	128	106	38	20	-17	7	-1
Net Profit Growth %	405.7%	-72.4%	-0.8%	20.8%	178.9%	90%	217.6%	-342.9%	800%	-
EPS in Rs	19.42	3.88	13.94	14.1	13.73	7.6	4.02	-8.62	3.28	-0.46
Dividend Payout %	8	26	7	7	0	0	0	0	0	0

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Cash from Operating Activity	132	210	124	119	51	103	84	29	-107	27
Cash from Investing Activity	-132	-121	-162	-306	-75	0	-38	15	-13	-6
Cash from Financing Activity	9	-92	-3	223	14	-95	-34	-56	132	-21
Net Cash Flow	9	-2	-41	36	-9	8	13	-11	12	0

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Equity Capital	91	91	91	91	91	91	77	50	50	20	20	20
Reserves	1338	1223	1178	1139	1154	1033	491	411	367	-8	9	2
Borrowings	45	317	24	182	102	90	290	252	319	122	167	27
Other Liabilities	227	241	192	211	181	141	204	169	170	83	255	37
Total Liabilities	1702	1872	1486	1623	1529	1355	1062	881	907	216	451	86
Fixed Assets	289	517	264	432	251	239	204	181	179	1	1	0
CWIP	6	121	32	49	7	11	2	3	2	0	0	0
Investments	727	386	541	260	515	399	211	188	185	7	9	12
Other Assets	681	849	650	883	757	706	645	509	541	209	441	74
Total Assets	1702	1872	1486	1623	1529	1355	1062	881	907	216	451	86

Delivery

Delivery Data: HARSHA

#	Date	402 21% 485	Value (Cr)	Q/T 24	Del 46	Del 6
1	21-Oct	425	4	16	50	2
2	19-Oct	438	2	14	52	1
3	16-Oct	445	3	22	55	2
4	15-Oct	437	3	16	61	2
5	14-Oct	450	3	17	49	2
6	13-Oct	441	4	32	56	2
7	12-Oct	452	4	20	52	2
8	9-Oct	442	4	19	44	2
9	8-Oct	442	8	24	53	4
10	7-Oct	460	3	20	51	2
11	6-Oct	465	4	21	57	2
12	5-Oct	462	7	20	42	3
13	1-Oct	474	19	32	39	7
14	30-Sep	470	4	23	52	2
15	29-Sep	465	4	24	51	2
16	28-Sep	466	9	22	52	5
17	25-Sep	462	7	21	47	3
18	24-Sep	458	14	24	38	6
19	23-Sep	464	5	23	49	2
20	22-Sep	465	9	25	44	4
21	21-Sep	468	36	31	32	12
22	18-Sep	440	4	21	55	2
23	17-Sep	434	2	18	48	1
24	16-Sep	430	8	24	59	5
25	15-Sep	425	4	19	57	3
26	11-Sep	445	5	21	55	3
27	10-Sep	447	4	24	56	2
28	9-Sep	453	8	27	57	5
29	8-Sep	467	10	26	52	5
30	7-Sep	455	6	25	58	4
31	4-Sep	454	6	23	58	3
32	3-Sep	451	4	21	51	2
33	2-Sep	451	11	24	50	6
34	1-Sep	454	16	25	45	7
35	31-Aug	456	21	34	50	10
36	28-Aug	439	7	28	53	3
37	27-Aug	439	5	30	57	3
38	26-Aug	429	2	24	56	1
39	25-Aug	428	3	20	58	2
40	24-Aug	443	5	23	53	3
41	21-Aug	438	4	18	44	2
42	20-Aug	438	9	25	49	4
43	19-Aug	437	9	23	50	4
44	18-Aug	436	10	28	58	6
45	17-Aug	426	14	34	47	6
46	14-Aug	412	4	19	58	2
47	13-Aug	405	5	28	51	3

Daily Market Cap

Date	Total Market Cap	Change	Chg %
21-Oct	3,869c	91c	2.30
19-Oct	3,960c	133c	3.24
17-Oct	4,093c	0	0
16-Oct	4,093c	101c	2.52
15-Oct	3,992c	114c	2.78
14-Oct	4,107c	73c	1.82
13-Oct	4,033c	63c	1.53
12-Oct	4,096c	160c	4.07
09-Oct	3,936c	98c	2.44
08-Oct	4,034c	217c	5.11
05-Oct	4,251c	93c	2.14
01-Oct	4,344c	140c	3.32
29-Sep	4,204c	50c	1.17
28-Sep	4,254c	67c	1.61
25-Sep	4,187c	3c	0.07
24-Sep	4,184c	41c	0.98
22-Sep	4,225c	282c	7.15
17-Sep	3,944c	168c	4.07
10-Sep	4,111c	33c	0.80
07-Sep	4,144c	0	0

Stock Checklist

Price is above from 52 week high low average: 65%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: NO

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 14 fund scheme(s) across 4 fund house(s) as of Oct26 · Total value ₹1,124 Cr · 6 increasing / 2 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
DSP Mutual Fund	2	1.57%	+0.06%	657.6
Nippon India Mutual Fund	2	0.24%	+0.01%	389.1
ICICI Prudential Mutual Fund	8	0.35%	+0.24%	76.9
Motilal Oswal Mutual Fund	2	0.00%	+0.01%	0

Harsha Engineers International Limited

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PIVOT LEVEL

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Shareholding Pattern (%)

Quarterly Results

Profit and Loss

Cash Flows

Balance Sheet

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