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Harsha Engineers International Limited (HARSHA.NS)

INR417.55 +1.90 (+0.46%)
IN NSE Industrials Manufacturing - Tools & Accessories
Address Sarkhej-Bavla Road 382213
Ahmedabad, IN
CEO Vishal Harish Rangwala
IPO 2022-09-26
ISIN INE0JUS01029

Explore sections of this company profile

Also trades on Bombay Stock Exchange · HARSHA.BO (INR) National Stock Exchange of India · HARSHA.NS (INR)
Description

Harsha Engineers International Limited, headquartered in Ahmedabad, India, specializes in the manufacturing and worldwide distribution of industrial components. The company produces a variety of precision bearing cages, crafted from materials such as brass, steel, and polyamide, including cylindrical, spherical, deep groove, angular contact, thrust, and tapered roller designs. Additionally, it supplies stamped components crucial for diverse industries like automotive, bearing and sealing, and electrical and appliance manufacturing. Established in 1972, the firm adopted its current name in January 2022, having previously operated as Harsha Engineers International Private Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR417.55 +1.90 (+0.46%)
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Volume Profile
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Liquidity & share structure
Average Volume
226.7K
Beta
0.57
Float Shares
20.87M
Free Float %
22.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.58% +6.16% +14.79% +6.49% +5.02% +9.38% +10.91% -8.18% -15.55% -15.55% -15.55%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
417.55
DCF (Unlevered) 146.75 -64.9%
DCF (Levered) 21.01 -95.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.93
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Manufacturing - Tools & Accessories: +4.1%
    +15.6% Q1'26: +27.1% (vs Q1'25)
  • EPS growth Manufacturing - Tools & Accessories: +12.8%
    +73.8% Q1'26: +2,096.2% (vs Q1'25)
  • FCF margin FCF growth · Manufacturing - Tools & Accessories: +37.4%
    -0.3% Q1'26: -18.2% (vs Q1'25)
  • EBIT margin Manufacturing - Tools & Accessories: +9.1%
    +11.9% Q1'26: +14.1% (vs Q1'25)
  • ROIC Manufacturing - Tools & Accessories: +5.8%
    +9.4% Q1'26: +13.0% (vs Q1'25)
  • Share dilution Manufacturing - Tools & Accessories: +0.3%
    0.0% Q1'26: -1.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Manufacturing - Tools & Accessories: -0.48×
    1.55× Q1'26: 1.17× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.60) × ERP
WACC = 91% × Ke + 9% × Kd (4.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 146.70 Current price: 417.55
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
2 Rev. Ana.
2 EPS Ana.
Mar 2028
3 Rev. Ana.
2 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
13.64B
est: 13.59B (+0.4%)
13.92B
est: 13.88B (+0.3%)
14.08B
est: 14.36B (-2.0%)
15.63B
15.57B – 15.68B
+8.8% YoY
18.21B
17.81B – 18.60B
+16.5% YoY
20.56B
19.22B – 21.93B
+12.9% YoY
23.00B
21.99B – 24.05B
+11.9% YoY
EBITDA
2.19B
est: 1.95B (+12.5%)
2.01B
est: 1.99B (+0.6%)
1.75B
est: 2.06B (-15.3%)
2.25B
2.24B – 2.25B
+8.8% YoY
2.62B
2.56B – 2.67B
+16.5% YoY
2.95B
2.76B – 3.15B
+12.9% YoY
3.31B
3.16B – 3.46B
+11.9% YoY
EBIT
1.83B
est: 1.54B (+19.0%)
1.62B
est: 1.61B (+0.4%)
1.34B
est: 1.66B (-19.3%)
1.81B
1.80B – 1.82B
+8.8% YoY
2.11B
2.06B – 2.16B
+16.5% YoY
2.38B
2.23B – 2.54B
+12.9% YoY
2.67B
2.55B – 2.79B
+11.9% YoY
Net Income
1.23B
est: 1.19B (+3.4%)
1.11B
est: 1.23B (-9.3%)
893.10M
est: 1.23B (-27.4%)
1.46B
1.38B – 1.55B
+19.0% YoY
1.82B
1.71B – 1.93B
+24.6% YoY
2.22B
1.98B – 2.39B
+21.7% YoY
2.43B
2.29B – 2.57B
+9.6% YoY
SGA
833.10M
est: 1.27B (-34.2%)
1.71B
est: 1.63B (+4.6%)
2.02B
est: 1.69B (+19.6%)
1.84B
1.83B – 1.85B
+8.8% YoY
2.14B
2.10B – 2.19B
+16.5% YoY
2.42B
2.26B – 2.58B
+12.9% YoY
2.71B
2.59B – 2.83B
+11.9% YoY
EPS
14.59
est: 13.08 (+11.6%)
12.24
est: 13.50 (-9.3%)
9.81
est: 13.50 (-27.3%)
16.07
15.14 – 17.01
+19.0% YoY
19.73
18.80 – 21.20
+22.8% YoY
23.50
21.70 – 26.30
+19.1% YoY
26.70
25.17 – 28.27
+13.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-700.16M
OE per share TTM
-7.69
Owner's Yield
-1.81%
Maintenance CapEx ratio
166.40%
Maint CapEx / Avg PPE
30.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.02% 136.7K 0.65%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.11M
Shares Outstanding
91.04M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Vishal Harish Rangwala Chief Executive Officer & Whole-Time Director 20M male
Pilak Rajendra Shah Chief Operating Officer & Whole-Time Director 20M male
Harish Ranjit Rangwala MD & Director 11M male
Hetal Manish Naik Whole-Time Director 9M female
Rajendra Shah Chairman 7M male
Maulik Jasani Vice President of Finance & Group Chief Financial Officer male
Darpesh Parmar General Manager of Human Resource male
Kiran Mohanty Chief Compliance Officer & Company Secretary male
Anand Bhardwaj Senior General Manager of Marketing male
Shaji Puthenpurayil Jacob Senior Vice President and Head of Engineering, Tool Room & Technology male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits