Harish Textile Engineers Ltd

Harish Textile Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Harish Textile Engineers Ltd

₹ 89.2 -2.00%
22 Nov - close price
harishtextile.com BSE: 542682
About

Incorporated in 2010, Harish Textile Engineers Ltd manufactures Textile Processing, Finishing Machineries, Non-Textile Projects and Regenerated Polyester Staple Fiber, and trading of non-ferrous metals.

Key Points

Business Overview:[1]
Company is a producer of textile processing and finishing machinery used in India and 25+ countries including U.K. Apart from that, company does production of Non-woven fabrics used mainly for auto interiors and filtration and hygiene segments and also does production of polyester staple fiber by recycling pet bottle and waste polyester

Website BSE
  • Market Cap ₹ 29.8 Cr.
  • Current Price ₹ 89.2
  • High / Low ₹ 102 / 42.7
  • Stock P/E
  • Book Value ₹ 27.8
  • Dividend Yield 0.00 %
  • ROCE 10.8 %
  • ROE -2.98 %
  • Face Value ₹ 10.0
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Pros

  • Company's working capital requirements have reduced from 54.6 days to 41.1 days

Cons

  • Stock is trading at 3.21 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.25% over last 3 years.
  • Promoter holding has decreased over last 3 years: -24.0%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
20.58 24.80 32.01 29.48 29.69 30.09 26.61 30.05 28.38 32.52 34.33 35.82 30.76
19.09 24.11 29.93 26.41 28.37 28.48 25.62 27.68 26.90 30.54 31.91 36.22 29.58
Operating Profit 1.49 0.69 2.08 3.07 1.32 1.61 0.99 2.37 1.48 1.98 2.42 -0.40 1.18
OPM % 7.24% 2.78% 6.50% 10.41% 4.45% 5.35% 3.72% 7.89% 5.21% 6.09% 7.05% -1.12% 3.84%
0.12 0.12 0.20 0.02 0.16 0.23 0.02 0.86 0.29 0.11 0.06 1.03 0.11
Interest 0.95 0.99 1.05 1.91 1.27 1.25 1.44 1.31 1.25 1.16 1.77 1.28 0.71
Depreciation 0.56 0.46 0.60 0.60 0.64 0.57 0.53 0.47 0.50 0.52 0.44 0.41 0.41
Profit before tax 0.10 -0.64 0.63 0.58 -0.43 0.02 -0.96 1.45 0.02 0.41 0.27 -1.06 0.17
Tax % -110.00% -20.31% 46.03% -18.97% -16.28% -100.00% 1.04% 15.17% -100.00% -29.27% 92.59% -18.87% 35.29%
0.20 -0.51 0.34 0.69 -0.35 0.05 -0.96 1.23 0.04 0.52 0.02 -0.86 0.11
EPS in Rs 0.60 -1.53 1.02 2.07 -1.05 0.15 -2.88 3.69 0.12 1.56 0.06 -2.58 0.33
Raw PDF
Upcoming result date: 27 November 2024

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3 14 17 25 41 36 38 84 82 107 116 131 133
3 13 16 24 38 35 36 83 78 99 110 126 128
Operating Profit 0 1 1 1 3 1 2 1 3 7 7 5 5
OPM % 11% 6% 7% 2% 7% 4% 5% 1% 4% 7% 6% 4% 4%
0 0 0 0 1 2 1 5 4 0 1 2 1
Interest 0 0 0 1 1 1 1 4 3 5 5 6 5
Depreciation 0 0 1 1 1 1 1 2 2 2 2 2 2
Profit before tax 0 1 0 -1 1 1 1 -1 2 1 0 -0 -0
Tax % 33% 32% 56% -12% 31% 30% 29% 38% 1% 27% 140% -22%
0 0 0 -1 1 1 1 -1 2 0 -0 -0 -0
EPS in Rs 18.00 41.00 1.60 -13.20 16.40 2.42 2.85 -2.19 5.25 1.44 -0.09 -0.84 -0.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 28%
3 Years: 17%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -158%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 29%
1 Year: 80%
Return on Equity
10 Years: %
5 Years: -3%
3 Years: 0%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.10 0.10 0.50 0.50 0.50 2 3 3 3 3 3 3
Reserves 0 1 1 0 1 5 5 4 6 6 6 6
1 1 3 9 9 9 12 26 28 41 40 36
2 6 11 9 26 31 24 39 30 29 28 32
Total Liabilities 3 7 15 19 36 46 44 73 68 79 77 78
1 3 5 5 7 14 17 26 24 28 26 28
CWIP 0 0 3 0 3 3 3 0 0 1 2 0
Investments 0 0 0 6 6 6 0 0 0 0 0 0
2 4 7 7 20 23 24 47 44 50 49 50
Total Assets 3 7 15 19 36 46 44 73 68 79 77 78

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2 -4 -7 1 1 6 11
-3 2 -3 -0 -7 -2 -1
-0 2 10 -1 7 -6 -9
Net Cash Flow -0 0 -0 0 1 -2 0

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 38 44 8 13 52 40 36 78 80 71 57 62
Inventory Days 223 52 189 79 150 142 113 84 72 92 68
Days Payable 161 86 211 124 319 265 177 136 111 102 87
Cash Conversion Cycle 101 9 -14 -32 52 -129 -87 14 28 32 48 42
Working Capital Days -53 -32 -62 -40 -96 -120 -81 11 50 62 60 41
ROCE % 56% 4% 26% 17% 14% 2% 15% 13% 12% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.89% 65.89% 65.89% 65.89% 48.15% 48.15% 48.15% 48.15% 48.15% 48.15% 48.15% 48.15%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
34.06% 34.06% 34.06% 34.06% 51.81% 51.82% 51.81% 51.82% 51.80% 51.81% 51.80% 51.81%
No. of Shareholders 9,6319,6329,6259,8189,7839,7619,7079,7139,7369,7499,7209,763

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports