HARSHAHarsha Engineers International Limited

Rs 408.15▲ +0.91%
Market closedEquity EOD 26 Oct
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52-week rangeThe lowest and highest prices the stock traded at over the last year, from each day's intraday low and high. The marker is today's close: 0% means it sits at the year's low, 100% at the high. It describes where the price is, not where it is going.55.3% up the range
Rs 313Rs 485
HARSHA price
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EOD 26 Oct
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At a glance
Each figure is shown against the company's sector (the track: the dot is this company, the tick is the sector middle) and, where we hold the yearly filings, against its own recent years (the small trend line).
Market capWhat the whole company is worth on the stock market today: share price times the number of shares. It measures size, not quality.
Rs 3,716 cr
Larger than 55% of 11 peers
sector middle Rs 2,272 cr
P/EPrice to earnings: how many rupees investors pay for each rupee of profit the company made over the last twelve months. Compare it with similar companies rather than reading it alone.
24.0x
Higher than 56% of 9 peers
sector middle 23.4x
Price to bookPrice to book: the share price divided by the shareholders' money per share in the latest balance sheet. Around 1 means the market values the company close to its book value.
2.6x
Lower than 82% of 11 peers
sector middle 4.1x
ROEReturn on equity: the year's profit as a percentage of the shareholders' money in the business. It shows how much the company earns on what its owners have put in.
11.0%
Lower than 80% of 10 peers
sector middle 15.2%
FY24 9.5%FY26 11.1%
ROCEReturn on capital employed: operating profit as a percentage of all the long-term money in the business, owners' and lenders'. It shows how well the company uses its capital, whatever the mix of debt.
14.2%
Lower than 91% of 11 peers
sector middle 18.6%
FY23 16.6%FY26 14.2%
Debt to equityBorrowings divided by shareholders' money. 0 means no borrowings; 1 means it owes as much as its owners have put in. Not shown for banks and lenders, whose borrowing is their business.
0.26
Higher than 73% of 11 peers
sector middle 0.07
FY23 0.17FY26 0.26
Dividend yieldDividends paid over the last year as a percentage of the company's market value: roughly what Rs 100 of shares paid out in cash.
0.3%
Around the middle of 11 peers
sector middle 0.3%
Sales growthHow much the latest quarter's sales grew against the same quarter a year earlier.
+25.2%
Higher than 70% of 10 peers
sector middle +18.6%
FY25 1.1%FY26 15.6%

Peers are the listed companies in the exchange's own industry group: Other Industrial Products. Balance-sheet figures are from the latest filed balance sheet; trends show each financial year we hold.

What the numbers say
Short lines written by fixed rules from the company's own filings and shareholding. A line appears only when the figures cross the rule (for example sales growing three years running), and each names the numbers behind it. Nothing here is a view on whether to own the share.

Latest quarterIn the quarter to June 2026 (results filed 11 Aug 2026), sales rose 25.2% from a year earlier to Rs 457 cr and profit fell 1.5% to Rs 37.4 cr.

Nothing in the filings we hold crosses one of our rules yet. Each rule needs a few complete years of results, so recently listed companies often show nothing here.

Each line is written by a fixed rule from the company's own filings and share price, and names the figures it uses. It describes what happened; it is not advice about the share.

How the share moved on results
For each quarterly result we hold: the change from the share's close on the last trading day before the filing to its close on the first trading day after it. Results can land during market hours or after the close, and this window covers both. It shows what happened, not what will happen next time.

Over the last 15 results, the share rose on 4 and fell on 11, and moved by 3% or more on 7.

Q1 FY24Q1 FY25Q1 FY26Q1 FY27

Q1 FY27: results filed 11 Aug 2026. The share went from its close on 10 Aug 2026 to its close on 12 Aug 2026 -7.56%.

Where every Rs 100 of sales goes
From the company's own yearly results. Each year is scaled to that year's sales, so you compare shares, not size: how much went on running costs, depreciation, interest and tax, and how much was left as profit.
3 financial years
Sales, last 12 months
Rs 1,719 Cr
Profit, last 12 months
Rs 155 Cr
Earnings per share
Rs 17.0
Profit growth (qtr, YoY)
-1.45%

Of every Rs 100 of sales in FY26, Rs 85 went on running costs, Rs 2.9 on depreciation, Rs 1.0 on interest and Rs 3.7 on tax; Rs 9.5 was left as profit.

FY24
88
8.0
FY25
88
FY26
85
9.5
Sales (Rs 100)Other incomeRunning costsDepreciationInterestTaxProfitOther items

Thin bar: money in (sales plus other income). Thick bar: where it went. Each year is scaled to its own sales, so the bars compare shares, not size.

How fast it has grown
Compound growth per year in sales, profit and earnings per share between financial years, from the company's own results. A span appears only if our filings cover both ends of it.
Sales
Latest qtr
+25.2%
Profit
Latest qtr
-1.4%

Per year, compounded, between financial years FY26 and the year named; only spans our filings cover. The faint bar is the latest quarter against the same quarter a year earlier. Earnings per share is not shown: filed figures are not adjusted for bonus issues and splits, so its growth would mislead.

Health check, year by year
Margins, returns, debt and interest cover for each financial year. Each row is coloured against this company's own usual level, so you see what is improving and what is slipping.
MeasureFY23FY24FY25FY26
Sales growthSales against the previous financial year.--1.1%15.6%
Operating marginProfit from operations, before depreciation, interest and tax, per Rs 100 of sales.-12.3%12.4%14.7%
Net marginProfit after everything, per Rs 100 of sales.-8.0%6.3%9.5%
ROEProfit as a percentage of shareholders' money (from the March balance sheet).-9.5%7.1%11.1%
ROCEOperating profit as a percentage of all long-term capital, owners' and lenders'.16.6%13.4%10.5%14.2%
Debt to equityBorrowings divided by shareholders' money. Lower is safer.0.17x0.15x0.16x0.26x
Interest coverHow many times operating profit covers the interest bill. Higher is safer.-15.0x16.4x14.2x

Each row is coloured against this company's own usual level, not against other companies: green is better than its middle year, red worse, plain is close to it. ROE, ROCE and debt rows start once the filings carry a full balance sheet (FY22 at the earliest).

What it owns, and how that is paid for
Straight from the March balance sheet in the company's annual filing. Both bars are the whole balance sheet: what the company owns, and where the money for it came from.
as at 2026-03-31

At FY26 it owned Rs 2,067 Cr of assets. Its owners funded 68% of that and borrowings 18%.

What it owns
31%
23%
19%
18%
Plant, property and projects634 Cr
Goodwill and intangibles45 Cr
Investments473 Cr
Inventory394 Cr
Owed by customers378 Cr
Cash and bank45 Cr
Everything else98 Cr
How that is paid for
68%
18%
9%
Shareholders1,402 Cr
Borrowings371 Cr
Owed to suppliers193 Cr
Other liabilities102 Cr
Cash and equivalents
Rs 33 Cr
Net debt
Rs 92 Cr
Current ratio
2.60x
short-term assets per rupee due soon
Book value / share
Rs 154
Return on assets
7.5%
EV / EBITDA
13.7x

From the March balance sheet in the company's annual filing (2026-03-31). Each bar is the full balance sheet; "everything else" is what the filed total leaves after the named lines.

Where the cash went
Profit is an accounting figure; cash flow is what actually moved. Cash from running the business, plus or minus what was spent on or received from investments, plus or minus what came from or went to lenders and shareholders, equals the change in cash.

In FY26 the business itself brought in Rs 68 Cr, spent Rs 120 Cr on plant and equipment, and cash rose by Rs 18 Cr over the year.

From running the business
+68 Cr
Spent on or received from investing
-197 Cr
From or to lenders and shareholders
+146 Cr
Net change in cash
+18 Cr
Cash from operations for every Rs 100 of profit
Rs 108
FY23
Rs 122
FY24
Rs 231
FY25
Rs 44
FY26

Rs 100 or more means every rupee of reported profit arrived as cash.

Full financial year to 2026-03-31, from the company's cash flow statement.

Against its sector
Where this stock sits within its own sector on each measure. The marker is its position in the peer group and the notch is the sector median. A position is a fact about the cohort, not a view on the stock.
Other Industrial Products · 33
P/E24.02vs 23.36 median
Cheapest: BEARDSELL 8.51Priciest: KRN 163.27
Net margin9%vs 9.48% median
Lowest: DELTAMAGNT -15.67%Highest: HBLENGINE 23.45%
Revenue growth25.22%vs 18.57% median
Lowest: MALLCOM -10.57%Highest: KRN 118.87%

Median rather than average, so one loss-making or one very expensive peer cannot drag the reference. Valuation is shown without a colour verdict: a higher multiple can mean expensive, or faster growth expected, and only you can decide which.

Peers side by side
Every company in the same NSE industry group that we hold figures for, largest first. Tap any heading to sort by it. The same figures as the At a glance tiles, worked out the same way for every company.
Other Industrial Products · 12 shown
Company
HBLENGINE
HBL Engineering Limited
21,089 cr22.8x9.5x41.7%45.9%0.0223.4%+6.0%0.00%
INOXINDIA
INOX India Limited
17,251 cr67.9x15.4x22.8%30.8%0.0615.8%+9.2%0.11%
ESABINDIA
Esab India Limited
8,178 cr36.9x19.1x51.7%60.8%0.0014.1%+19.6%1.73%
KRN
KRN Heat Exchanger and Refrigeration Limited
7,000 cr163.3x12.2x16.9%18.0%0.3313.2%+118.9%0.00%
SUBROS
Subros Limited
3,885 cr23.4x3.1x13.4%16.7%0.024.3%+17.5%0.44%
HARSHA
Harsha Engineers International Limited
3,716 cr24.0x2.6x11.0%14.2%0.269.0%+25.2%0.25%
ADOR
Ador Welding Limited
2,272 cr20.0x4.1x20.5%20.3%0.009.5%+22.9%1.53%
DIFFNKG
Diffusion Engineers Limited
1,495 cr27.2x3.7x13.5%15.7%0.0712.6%+36.5%0.38%
MICEL
MIC Electronics Limited
865 cr-4.0x-5.6%10.0%0.20-5.5%-0.00%
MALLCOM
Mallcom (India) Limited
563 cr21.0x1.8x8.4%14.8%0.385.1%-10.6%0.33%
BEARDSELL
Beardsell Limited
92 cr8.5x1.0x11.7%18.6%0.193.8%+10.0%0.43%
DELTAMAGNT
Delta Manufacturing Limited
57 cr-24.5x-22.8%16.97-15.7%+33.2%0.00%

Swipe the table sideways for more columns. Tap a heading to sort. A dash means the figure is not filed or cannot be worked out for that company. A bigger cohort is cut to its 40 largest companies.

The business
Sales and net profit from the company's own filings, by financial year or by quarter. Hover any bar for that period's complete figures including operating margin and the change against the comparable earlier period. The single TTM figure above is the sum of the last four quarters.
3 years · 15 quarters
Full financial years - the long arc of the business.
Sales growth
-
a year, 3 years
Profit growth
-
a year, 3 years
Operating margin
14.7%
latest year
Sales by financial yearRs 1,627 Cr
Net profit by financial yearRs 155 Cr
FY243 full years · hover a yearFY26

Operating margin has gone from 12.3% to 14.7% over these years - the share of every rupee of sales kept after running costs, before interest and tax. Full financial years only, so a part-year is never shown as a whole one. Hover any year for its complete figures.

Dividends paid
Cash paid per share, from the exchange's corporate-action record, restated to today's share count across bonuses and splits. Dates shown are ex-dates: you must own the shares before that date to receive the payment.
0.37% yield
Rs 370 / year
Paid 1 of 1 yrs
on Rs 1 lakh at today's price · 0.37% yield · Rs 1.5/share
What each year paid, on Rs 1 lakh
368
26*
* 2026 so far - more may still be declared this year

2026 has paid Rs 1.50 per share, about Rs 368 on Rs 1 lakh at today's price. Dividends are at the company's discretion and can be cut or skipped.

Technical snapshot
Momentum, trend and delivery-based conviction from the actual price and volume history.
EOD 26 Oct
RSI (14) - momentum
34.9Neutral
0 oversold3070overbought 100
Delivery % - genuine buying vs churn
40.9%Near average
today 40.9%20d avg 49.7%

The share of traded quantity that was actually delivered (not squared off intraday) - high delivery vs its 20-session average suggests real buying or holding, not just churn.

vs 50-DMA
-8.15%
vs 200-DMA
+1.09%
1-month
-12.13%
3-month
+0.62%
1-year
+6.46%
Realized vol (30d)
36.1%
Insider trading disclosures
Promoter, director and other insider trades in the company's own shares, as disclosed to the exchange under SEBI's insider-trading regulations - usually within a few days of the transaction.
last 18 months

Insider trading data unavailable.

Recent announcements
The company's own filings to the exchange - results, board meetings, investor calls - with a link to the source document.
last 6 months

Announcements unavailable.

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Equity price, fundamentals and realized volatility are end-of-day / quarterly from real market data. The option chain (PCR, max pain, expected move, IV, OI) is live from the exchange during market hours; outside them it shows the last session's close. Shareholding, insider trades and announcements are the company's own exchange filings. Analysis only, not investment advice.