Harsha Engineers International Ltd

Harsha Engg Intl Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Harsha Engineers International Ltd

₹ 481 0.44%
22 Nov - close price
harshaengineers.com BSE: 543600 NSE: HARSHA
About

Incorporated in 2010, Harsha Engineers Ltd is a leading engineering company that offers a diversified suite of products across geographies and end-user industries. It manufactures brass, steel, and polyamide cages and stamped components with production facilities located in Asia (India & China) and in Europe (Romania).[1]

Key Points

Leading Market Share[1] HEIL’s market share is ~50-60% in the Indian bearing cages market making it the largest manufacturer of precision bearing cages in the organized sector in India in terms of revenues and among the leading manufacturers of precision bearing cages in the world. HEIL accounted for 6.5% share in the global organized bearing brass, steel, and polyamide cages market as of H1FY24

Website BSE NSE
  • Market Cap ₹ 4,375 Cr.
  • Current Price ₹ 481
  • High / Low ₹ 614 / 360
  • Stock P/E 33.3
  • Book Value ₹ 135
  • Dividend Yield 0.21 %
  • ROCE 12.2 %
  • ROE 9.71 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has a low return on equity of 13.5% over last 3 years.

* 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: Auto Ancillaries Industry: Auto Ancillaries

Part of Nifty Microcap 250 BSE SmallCap BSE Allcap BSE Industrials Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
323 323 369 398 322 301 344 348 339 324 380 343 353
284 283 321 348 274 260 293 306 304 285 326 288 311
Operating Profit 39 40 48 50 48 41 51 42 35 40 55 55 42
OPM % 12% 12% 13% 12% 15% 14% 15% 12% 10% 12% 14% 16% 12%
2 3 7 6 4 14 6 4 7 11 8 8 12
Interest 7 7 6 5 6 2 3 3 2 3 3 3 3
Depreciation 9 9 9 9 9 9 9 10 10 10 10 10 10
Profit before tax 26 27 40 42 38 43 45 34 30 38 49 50 41
Tax % 30% 33% 26% 26% 26% 26% 27% 27% 31% 22% 26% 28% 29%
18 18 30 31 28 32 33 25 20 30 37 36 29
EPS in Rs 3.58 2.36 3.89 3.99 3.08 3.49 3.58 2.70 2.24 3.26 4.04 3.96 3.18
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
886 874 1,321 1,364 1,392 1,401
799 752 1,152 1,174 1,221 1,209
Operating Profit 86 122 169 190 171 191
OPM % 10% 14% 13% 14% 12% 14%
13 3 17 29 30 39
Interest 33 30 25 16 11 11
Depreciation 35 34 35 36 39 41
Profit before tax 32 61 127 167 151 179
Tax % 31% 25% 27% 26% 26%
22 45 92 123 111 131
EPS in Rs 4.38 9.09 11.90 13.54 12.24 14.44
Dividend Payout % 0% 0% 0% 7% 8%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 17%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 34%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 21%
Return on Equity
10 Years: %
5 Years: %
3 Years: 14%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 50 50 77 91 91 91
Reserves 322 377 445 981 1,084 1,139
419 357 385 182 177 182
197 197 252 191 215 211
Total Liabilities 988 981 1,158 1,445 1,567 1,623
334 342 356 387 418 432
CWIP 3 3 2 12 15 49
Investments 7 9 6 194 234 260
644 626 794 853 900 883
Total Assets 988 981 1,158 1,445 1,567 1,623

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
113 121 36 137 136
-51 -20 -52 -312 -158
-38 -92 4 216 -25
Net Cash Flow 24 9 -12 41 -47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 98 89 78 75 84
Inventory Days 185 235 185 187 166
Days Payable 89 103 90 58 62
Cash Conversion Cycle 194 222 173 204 187
Working Capital Days 151 158 138 142 145
ROCE % 12% 18% 17% 12%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61% 74.61%
3.84% 4.07% 3.74% 1.81% 1.86% 1.61% 1.61% 0.76% 0.56%
9.04% 11.06% 11.37% 10.02% 9.19% 8.14% 7.43% 8.69% 8.85%
12.52% 10.27% 10.27% 13.56% 14.33% 15.62% 16.36% 15.92% 15.98%
No. of Shareholders 1,64,5361,32,8921,22,8431,05,01199,27496,52891,10778,30779,500

* 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

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