BSE: 544769
HARIKANTA OVERSEAS LIMITED
Manufactures textile fabrics at its Surat, Gujarat facility and sells them to domestic buyers and overseas customers. In FY26, total income was about Rs 4,668 lakhs and operating revenue was Rs 46.0814 crore. The company listed on the BSE SME platform on June 2, 2026 with paid-up capital of about Rs 9.87 crore. Raw materials are the biggest input cost at 45.9% of revenue, followed by employees at 12.3% and other opex at 13.3%. Capex was Rs 1.88 crore (4.1% of revenue) and depreciation 2.9% of revenue. Margins are high for the size — EBITDA margin 24.07% and net profit margin 15.49% — and the balance sheet is lightly geared with debt-to-equity of 0.17. AR · MarketPing reader · 2026-09-16
Revenue streams, as the annual report describes them. Exports, Domestic sales. Small, export-oriented textile fabric manufacturer with high margins
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 46 |
| EBITDA (ex other income) | 10 |
| margin % | 22.7 |
| Owners' profit | 7 |
| EPS, as reported (₹) | 9.92 |
| ROE % · ROCE % | 34.1 · 40.6 |
| Debt / equity (x) | 0.17 |
| Cash from operations | 3 |
| Capex | (2) |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 29 |
| Profit before tax | 5 |
| Net profit | 4 |
| EPS (₹) | 5.85 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 35,410 | 38.8 | 6.21 | 25.6 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,311 | 73.9 | 4.08 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,333 | 16.6 | 1.35 | 11.0 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,018 | 27.7 | 2.31 | 13.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,338 | 55.3 | 3.54 | 20.1 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,621 | 36.8 | 5.63 | 23.8 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,197 | 22.0 | 2.79 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,161 | 68.6 | 2.22 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.1 | 16.5 | 62 of 179 | 66% |
| P/B | 2.2 | 1.1 | 139 of 185 | 25% |
| ROCE | 38.6 | 4.3 | 5 of 215 | 98% |
| ROE | 34.1 | 4.7 | 4 of 188 | 98% |
| Debt / Equity | 0.2 | 0.4 | 67 of 188 | 65% |
| EBITDA margin | 22.5 | 9.8 | 23 of 198 | 89% |
| Market cap | 47 | 59 | 122 of 223 | 46% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · RTA confirms no dematerialization requests in September 2026 quarter | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed ahead of Harikanta Overseas H1 results | compliance | minimal | — | — |
| 22 Sept 2026 · Harikanta Overseas appoints statutory auditor for 5 years | management changes | medium | — | — |
| 22 Sept 2026 · All 5 resolutions passed at 8th AGM of Harikanta Overseas | board shareholder meetings | low | — | — |
| 21 Sept 2026 · 8th AGM concludes; auditor change and related party deals approved | board shareholder meetings | medium | — | — |
| 9 Sept 2026 · Harikanta Overseas listed on BSE SME, CIN updated to listed company | capital market events | high | — | — |
| 28 Aug 2026 · AGM notice published in newspapers; 8th AGM on Sep 21, 2026 | compliance | minimal | — | — |
| 27 Aug 2026 · AGM notice and annual report link sent to shareholders without registered emails | compliance | minimal | — | — |
| 27 Aug 2026 · Annual Report FY 2025-26 filed along with AGM notice | compliance | low | — | — |
| 26 Aug 2026 · 8th AGM on Sept 21, 2026; e-voting cut-off Sept 14 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.