Harsha Engineers International Limited

NSE: HARSHA · Unclassified

₹457.15-2.41%06 Nov 2026

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Instant answers about Harsha Engineers International Limited — computed from its filings, no language model

Market cap₹4,162 cr

Current price₹457.15

High / Low₹474 / ₹314

P/E25.5

P/B2.80

Book value₹163.2

ROE11.0%

ROCE13.0%

Debt / equity0.30

Dividend yield0.22%

EPS (TTM)₹17.93

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY23	FY24	FY26
Revenue	1,364	1,392	1,627
EBITDA	189	171	240
Operating margin	13.9%	12.3%	14.7%
Interest	16	11	16
Depreciation	36	39	47
Profit before tax	167	151	215
Tax	44	39	60
Net profit	123	111	155
EPS ₹	14.59	12.24	17.05
Operating cash flow	133	136	68
Capex	76	75	120
Dividend paid	0	9	9
Total assets	1,445	1,567	2,067
Equity	1,072	1,175	1,402

Quarterly performance

last 15 quarters · ₹ crore

showing latest 8 of 15 periods

	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	301	344	348	339	324	380	343	353	339	365	378	409	474	457	440
Operating profit	41	51	42	35	40	55	55	42	43	55	54	57	73	67	75
Operating margin	13.6%	14.8%	12.0%	10.4%	12.3%	14.3%	16.1%	11.9%	12.6%	15.2%	14.1%	14.0%	15.5%	14.7%	17.0%
Other income	14	6	4	7	11	8	8	12	7	11	10	7	11	5	7
Interest	2	3	3	2	3	3	3	3	2	3	3	5	6	6	6
Depreciation	9	9	10	10	10	10	10	10	10	11	11	12	13	14	14
Profit before tax	43	45	34	30	38	49	50	41	37	53	50	47	65	53	61
Tax	11	12	9	9	8	13	14	12	11	15	13	14	18	16	16
Net profit	0	33	0	20	30	37	36	29	0	38	0	34	47	37	45
EPS ₹	3.45	3.58	2.70	2.24	3.26	4.04	3.96	3.18	2.93	4.17	4.00	3.69	5.19	4.11	4.95
Revenue YoY	—	—	—	—	7.9%	10.7%	-1.4%	3.9%	4.5%	6.4%	7.3%	20.7%	—	25.2%	16.3%
Profit YoY	—	—	—	—	—	12.8%	—	42.0%	-100.0%	5.2%	-100.0%	—	—	-1.5%	—

Earlier results (standalone, Sep '22 – Sep '22)

₹ crore · from BSE, before the NSE XBRL filings begin

Harsha Engineers International Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Quarters

	SEP '22†
Revenue	242
Operating profit	45
Operating margin	18.5%
Other income	5
Interest	5
Depreciation	6
Profit before tax	40
Tax	10
Net profit	30
EPS ₹	3.77

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 9 periods

	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	4.8%	7.4%	7.4%	10.5%	10.7%	8.3%	8.5%	8.4%	11.0%
ROCE	12.6%	12.3%	11.9%	13.2%	13.4%	13.3%	13.1%	13.2%	13.0%
Net margin	4.0%	6.1%	6.2%	8.9%	9.4%	7.2%	7.3%	6.9%	9.2%
EBITDA margin	12.7%	12.4%	12.3%	13.3%	13.7%	13.7%	14.7%	14.6%	15.3%
Debt / equity	0.15	0.15	0.15	0.15	0.15	0.15	0.26	0.26	0.30
Interest coverage	16.18	14.92	15.00	16.63	17.47	18.55	14.24	12.02	11.04
Asset turnover	0.88	0.90	0.89	0.89	0.86	0.87	0.79	0.83	0.80

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	91	91	91	91	91	91	91
Other equity / reserves	981	1,021	1,084	1,139	1,223	1,311	1,395
Total equity	1,072	1,112	1,175	1,230	1,314	1,402	1,486
Borrowings	182	167	177	182	315	371	438
Current liabilities	344	369	365	349	348	438	501
Non-current liabilities	30	28	26	44	209	228	248
Total assets	1,445	1,508	1,567	1,623	1,872	2,067	2,235
Property, plant & equipment	314	337	345	359	472	615	617
Capital work-in-progress	12	14	15	49	121	19	49
Investments	194	208	234	260	386	473	490
Inventories	377	347	354	366	371	394	472
Receivables	280	289	319	310	342	378	387
Cash & equivalents	62	62	15	16	19	33	22

Cash flow

annual · ₹ crore · line = free cash flow

	FY23	FY24	FY26
Cash from operations	133	136	68
Cash from investing	-308	-158	-197
Cash from financing	216	-25	146
Capex	76	75	120
Free cash flow	56	61	-52
Dividends paid	0	9	9

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹617 cr28%

CWIP

₹49 cr2%

Investments

₹490 cr22%

Inventories

₹472 cr21%

Receivables

₹387 cr17%

Cash & equivalents

₹22 cr1%

Other assets

₹199 cr9%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Harsha Engineers International Limited	4,162	457.15	25.5	2.80	11.0%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-0.7%

6 months+4.2%

1 year+12.2%

3Y CAGR+3.9%

5Y CAGR—

10Y CAGR—

50-day avg₹446.14

200-day avg₹406.22

RSI (14)54

FAQs

What is the share price of Harsha Engineers International Limited?

Harsha Engineers International Limited (HARSHA) closed at ₹457.15 on NSE on 06 Nov 2026.

What is the market cap of Harsha Engineers International Limited?

₹4,162 crore at the latest close.

What is the P/E ratio of Harsha Engineers International Limited?

25.5, on trailing-twelve-month earnings from its filings.

How fast is Harsha Engineers International Limited growing?

Harsha Engineers International Limited: Latest-quarter revenue is up 16.3% year on year.

How profitable is Harsha Engineers International Limited?

On a trailing-twelve-month basis return on equity is 11.0%, return on capital employed 13.0%, operating margin 15.3%, net margin 9.2%.

How much debt does Harsha Engineers International Limited have?

Harsha Engineers International Limited is lightly geared: debt to equity is 0.30 with borrowings of ₹438 cr against cash of ₹22 cr (balance sheet of 2026-09-30). Operating profit covers interest 11.0 times.

Financials parsed from Harsha Engineers International Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '22, annual from FY23, balance sheet from Mar '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.