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NSE:HARSHA

HARSHA ENGINEERS INT LTD

Capital Goods › Industrial Products
₹415.25
at close · 27 Oct 2026
▲ 7.10 (+1.74%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Harsha Engineers to discuss Q2 FY27 results on November 4 · Board & Shareholder Meetings
  2. Board meeting on Nov 3, 2026 to approve Q2 FY26-27 results · Results
  3. Routine compliance certificate for Q2 FY27 share dematerialisation · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures precision-engineered bearing cages in steel, brass, and polyamide for global bearing makers, with operations spanning India, Romania and China. The Engineering & Others segment accounted for 88.7% of FY26 segment revenue at INR 1,443.56 crore, with segment EBIT of INR 201.18 crore, selling bushings, large-size cages, stamping for AC compressors and white goods, and products for a Japan-based customer. The wholly-owned Advantek subsidiary produces bushings and stamping, with a Phase 2 investment of approximately INR 110 crore to add capacity within 18 months. The Solar-EPC and O&M segment delivered INR 183.23 crore (11.3% of segment revenue) with EBIT of INR 14.07 crore and PAT of INR 10.2 crore. Materials are 53.8% of revenue and employee costs 13.2%, against FY26 consolidated revenue of INR 1,626.79 crore and an EBITDA margin of 17.1%. India Engineering is guided to mid-teens revenue growth in FY27, with a China brownfield steel-cage expansion of INR 70 crore in FY27 and INR 20 crore in FY28 targeted for H2 FY28 commissioning.

Revenue mix · reported segments
Engineering & Others88.7%
Solar-EPC and O&M11.3%
Operating scale
Manufacturing facilities
3 India, 1 Romania, 1 China (plus Advantek India)FY26
Bushing revenue
INR 127 crore (+25% YoY)FY26
Large-size cage revenue
INR 49 crore (+14% YoY)FY26
Stamping revenue
INR 60 croreFY26
Advantek capacity
~38 million pieces at 54% utilization; +12 million pieces planned within 18 monthsFY26
Stated revenue capacity ceiling
India INR 2,400-2,500 crore; consolidated INR 2,700-3,000 croremedium-term
Who pays it
Global bearing majors, wind gearbox makers, AC compressor and white goods manufacturers, and solar EPC clients.
Biggest cost
Materials at 53.8% of revenue.
Kind of business
Precision engineering, asset-heavy, exposed to cyclical industrial, automotive and wind end-markets.
Where it sits
Dominant supplier of bearing cages (steel, brass, polyamide) with a global manufacturing footprint; targeting 15%+ growth against a 7-8% global bearing industry growth rate.
Market Cap
₹3,785 Cr
P / E (TTM)
24.5×
EV / EBITDA
14.5×
Div Yield
0.24%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
14.2%▲
ROCE (FY26)
ROE 11.1% · margin 17.1%
Leverage
0.26·
Debt / Equity · low
Net debt ₹338 Cr
Revenue FY23→FY26
1.2×▲
Margin +0.5 pts
₹1,364 Cr → ₹1,627 Cr
Cash conversion
1.13×▲
Operating cash ÷ profit · 4 yrs
₹543 Cr on ₹479 Cr
Moves on a normal day
1.14%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 30 Other Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#21/27
P/B#13/24
ROCE#12/31
ROE#11/24
Debt / Equity#16/24
EBITDA margin#9/23
Revenue growth#5/23
Profit growth#11/23

Scorecard

Measured from the filed financials, judged against its Other Industrial Products peers · as of FY26 — not investment advice

Strengths
Returns on capital 14.2%
#12 of 31 in Other Industrial Products on the latest reported figures · down from 16.6% in FY23
Over 4 years it reported ₹479 Cr of profit and ₹543 Cr of operating cash — 1.13×
Profit is converting into cash
Concerns
Heavy working capital — 130 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

HARSHA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from HARSHA ENGINEERS INT LTD's filed financials and exchange disclosures

What does HARSHA ENGINEERS INT LTD do?

HARSHA ENGINEERS INT LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol HARSHA.

Is HARSHA ENGINEERS INT LTD profitable?

Yes. Over the trailing twelve months HARSHA ENGINEERS INT LTD reported a net profit of ₹155 Cr on revenue of ₹1,719 Cr.

Does HARSHA ENGINEERS INT LTD pay a dividend?

Yes. The dividend yield is 0.24% at the current price. It paid out 6% of its profit as dividend in FY26.

Is HARSHA ENGINEERS INT LTD debt-free?

No. It reported borrowings of ₹371 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹338 Cr after cash. Debt stands at 0.26× equity. That is higher than 65% of its 24 Other Industrial Products peers.

Is HARSHA ENGINEERS INT LTD expensive compared with its peers?

On trailing P/E, HARSHA ENGINEERS INT LTD ranks 21 of 27 in Other Industrial Products — cheaper than 23% of them, against an industry median of 18.4×. This is a position, not a valuation judgement.

How much does the HARSHA ENGINEERS INT LTD share price move in a day?

On a typical session HARSHA ENGINEERS INT LTD moves 1.14% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are HARSHA ENGINEERS INT LTD's next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track HARSHA ENGINEERS INT LTD's announcements?

Every NSE and BSE filing by HARSHA ENGINEERS INT LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.