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HARSHA · Harsha Engineers International Ltd · Misc. Fabricated Products

HARSHA · Harsha Engineers International Ltd · Misc. Fabricated Products

₹457.15-2.4%

As of 06 Nov close

52-week range

52wk low ₹313.352wk high ₹484.8

5.7% below 52-week high

52-week range: as of 06 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old

Revenue (latest Q)

₹457 Cr

Revenue YoY

PAT YoY

-1.4%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

2.9

P/S (TTM)

2.4

Sector P/E

28.6

Dividend yield

+0.3%

CompanyP/EP/BNet marginROED/EDiv. yield
HARSHA (this stock)24.72.9+9.0%+11.0%0.27+0.3%
Bharat Forge145.19.9+4.0%+7.4%0.76+0.4%
Havells India44.58.6+6.9%+17.3%0.03+0.9%
Schaeffler India52.310.2+11.9%+20.4%0.01+0.9%

Promoter

stable

FII

falling 1q

MF

12.91% (+0.52pp)

rising 1q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

No related news.

Concalls & investor presentations

AI-generated
Investor presentationMixed11 Aug 2026
View source filing →

Key takeaway: Harsha Engineers International Limited's investor presentation for the quarter ended June 30, 2026, reported a consolidated revenue growth of 25.2% year-over-year, driven by strong demand in India and key international markets. The India Engineering business experienced a 21% growth, although EBITDA and PAT margins faced compression due to rising raw material costs and forex losses. The presentation highlighted that Harsha Advantek reported revenues of Rs. 30 crores, marking a 7% quarter-over-quarter growth, despite a PAT loss. Sales of Bushings and Stampings showed significant year-over-year growth of 34.7% and 31%, respectively. The document noted ongoing challenges with Harsha Romania's performance, while Harsha China continued to perform positively. The China Brownfield expansion project is on track for commissioning in FY 2028.

The presentation highlighted both growth achievements and challenges faced by the company.

Sourced from an exchange-filed presentation, dated 11 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive12 May 2026
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Key takeaway: Harsha Engineers International Limited conducted its earnings call on May 7, 2026, to discuss the financial results for the quarter and year ended March 31, 2026. Management highlighted the company's focus on bearing cages, with significant growth in the bushing segment, which reported revenues of INR 127 crores, marking a 25% increase year-over-year. The India Engineering business achieved a 14% growth overall, with exports rising by 17%. The company noted positive developments in its foreign subsidiaries, with China showing a 9.26% growth, while Romania continued to face challenges. Management reported a positive EBITDA of INR 4 crores from the Advantek unit, despite a combined loss of INR 9 crores from foreign subsidiaries. The solar business also performed well, achieving revenues of INR 183 crores. Management set a goal for double-digit growth in the upcoming financial year, with a focus on maintaining margins.

Management emphasized satisfactory performance and growth across various segments despite challenges.

Sourced from an exchange-filed transcript, dated 12 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationMixed07 May 2026
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Key takeaway: Harsha Engineers International Limited's investor presentation detailed the audited financial results for the quarter and year ended March 31, 2026. The presentation reported a consolidated revenue growth of 27.1% for Q4 and 15.6% for the full year on a year-over-year basis. Consolidated EBITDA and PAT for Q4 increased by 31.2% and 15.8%, respectively. Management noted that the India Engineering Business revenue also grew, with EBITDA margins at 24.2% for Q4. The presentation highlighted strong export sales driven by industrial demand in Europe and a reduction in US import tariffs. The solar business showed significant growth, with sales reaching approximately Rs.183.23 crores. However, the foreign subsidiaries reported a combined net loss, although it was lower than the previous year. The document also included a cautionary note regarding forward-looking statements and emphasized that past performance is not indicative of future results.

The presentation highlighted both growth achievements and ongoing challenges in foreign subsidiaries.

Sourced from an exchange-filed presentation, dated 07 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive11 Feb 2026
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Key takeaway: Harsha Engineers International Limited conducted its Q3 FY '26 earnings conference call on February 5, 2026. Management reported a positive market sentiment driven by recent trade agreements, including the India-U.K. and India-EU FTAs. The India Engineering business achieved a 17.4% year-on-year revenue growth, although the subsidiary Harsha Advantek reported losses due to higher interest and depreciation costs. Management noted a one-time provision of INR5.97 crores related to changes in labor laws. The company highlighted strong performance in the Bronze Bushing segment, with sales reaching INR92 crores for the nine months ending December 2025. Management also discussed plans for a brownfield expansion in China to enhance cage manufacturing capacity, funded primarily through local debt. Despite challenges in Romania due to rising copper prices, management expressed confidence in future improvements. The solar division reported revenues of INR59 crores, contributing positively to overall performance.

Management highlighted several growth drivers and positive developments in the business.

Sourced from an exchange-filed transcript, dated 11 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationMixed05 Feb 2026
View source filing →

Key takeaway: Harsha Engineers International Limited's investor presentation detailed the unaudited financial results for the quarter and nine months ended December 31, 2025. The presentation reported a consolidated revenue growth of 20.7% year-over-year and 8.2% quarter-over-quarter for Q3 FY 2026. Management noted a one-time provision related to the new Labour Code, impacting financials, but highlighted that adjusted EBITDA and PAT grew by 41.6% and 42.7% year-over-year, respectively. The company experienced strong sales in specific product lines, although performance in Romania was subdued due to lower demand and rising copper prices. The solar business showed significant revenue growth, and a brownfield expansion project in China was announced, with an investment of approximately $9.94 million planned over two years. The presentation also included a comprehensive overview of the company's operations and market position.

The presentation highlighted both growth achievements and challenges faced by the company.

Sourced from an exchange-filed presentation, dated 05 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2024-25166 pages

Harsha Engineers International Limited (HARSHA) reported a market capitalization of ₹340,277 lakhs as of March 28, 2025, with a dividend declared at ₹1 per share. The company's financial statements for FY2024-25 were audited without material misstatements, and no defaults in loan repayments were noted. The company has not been declared a willful defaulter by any financial institution. Statutory compliance, including corporate governance and audit requirements, was maintained. The company's internal financial controls were assessed as adequate, and no significant risks or concerns were identified in health and safety practices or working conditions. The company has not accepted deemed deposits from shareholders, and no contingent liabilities were materialized as of March 31, 2025.

  • Market capitalization of ₹340,277 lakhs as of March 28, 2025.
  • No defaults in loan repayments or willful defaulter status reported.
  • Statutory compliance and corporate governance standards were maintained.
  • No significant health and safety risks or concerns identified.
  • Internal financial controls assessed as adequate.

Key takeaway: Harsha Engineers International Limited maintained compliance with statutory and governance requirements, with no material defaults or significant risks identified in FY2024-25.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 20 Aug 2025View source filing →

Governance disclosures

AI-generated

Needs attention

Default / Covenant Breach (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Default / Covenant Breach

1 occurrence

Recent (last 12 months)

Annual Report29 Jun 2026 (FY2025-26)
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The company has statutory dues in arrears for more than six months as of March 31, 2026, including income tax, customs duty, and other taxes, with amounts unpaid ranging from 2.7 million to 107.3 million, pending in High Court and Appeal forums.

Routine disclosures

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report29 Jun 2026 (FY2025-26)· 5 passages
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The company has a contingent liability of ₹1500 lakhs related to a City Civil Court, Bengaluru case filed by Orchestrate Systems Pvt Ltd. (OSPL). This is linked to a prior winding up petition withdrawn by the company against OSPL, with the matter now pursued under the MSMED Act.

Earlier (1-3 years ago)

Annual Report20 Aug 2025 (FY2024-25)· 2 passages
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The company has contingent liabilities including outstanding letters of credit, corporate guarantees, and customs duty benefits under EPCG licenses with unfulfilled export obligations.

Annual Report17 Aug 2024 (FY2023-24)· 2 passages
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The company has contingent liabilities including outstanding letters of credit, corporate guarantees, and claims not acknowledged as debts, including income tax, excise, service tax, and GST matters.

Statutory dues in dispute

1 occurrence

Earlier (1-3 years ago)

Annual Report20 Aug 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default
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The company has unpaid income tax dues for the years 2012-13, 2013-14, 2015-16, and 2016-17, with amounts unpaid ranging from 6,24,28,936 to 10,72,76,220, pending resolution in the High Court.

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