About
Harsha Engineers International Limited engages in the manufacture and sale of precision bearing cages and high precision engineered components in India and internationally. It operates through Engineering & Others, and Solar-EPC and O&M segments. The Engineering & Others segment engages in the design, tooling, development, manufacture, procurement, sale, and servicing of bearing cages and stamp components. The Solar-EPC and O&M segment is involved in the engineering, design, development, procurement, construction, erection, installation, commissioning, operation, and maintenance of solar power projects. It also offers brass, steel, and polyamide cages. The companies products are used in automotive, industrial, wind, railway, and aerospace components. The company was formerly known as Harsha Engineers International Private Limited and changed its name to Harsha Engineers International Limited in January 2022. Harsha Engineers International Limited was founded in 1986 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap4,138 Cr
P/E26.80
Div Yield0.33 %
Book Value₹154.00
52w High₹469.00
52w Low₹311.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 316.00 | 356.00 | 322.00 | 279.00 | 271.00 | 291.00 | 268.00 | 272.00 | 258.00 | 298.00 | 259.00 | 268.00 | 256.00 |
| Expenses | 254.00 | 286.00 | 264.00 | 228.00 | 218.00 | 256.00 | 226.00 | 231.00 | 206.00 | 246.00 | 221.00 | 228.00 | 215.00 |
| Operating Profit | 63.00 | 69.00 | 58.00 | 50.00 | 54.00 | 35.00 | 42.00 | 41.00 | 52.00 | 51.00 | 38.00 | 40.00 | 41.00 |
| OPM % | 20.00 | 20.00 | 18.00 | 18.00 | 20.00 | 12.00 | 16.00 | 15.00 | 20.00 | 17.00 | 15.00 | 15.00 | 16.00 |
| Other Income | 7.00 | 10.00 | 6.00 | 10.00 | 12.00 | -85.00 | 8.00 | 11.00 | 8.00 | 7.00 | 11.00 | 7.00 | 6.00 |
| Depreciation | 8.00 | 7.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 6.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 1.00 | 2.00 |
| Profit before tax | 61.00 | 71.00 | 56.00 | 52.00 | 58.00 | -58.00 | 42.00 | 44.00 | 52.00 | 50.00 | 40.00 | 39.00 | 39.00 |
| Tax % | 25.00 | 25.00 | 25.00 | 26.00 | 25.00 | 16.00 | 25.00 | 26.00 | 25.00 | 25.00 | 25.00 | 24.00 | 23.00 |
| Net Profit | 46.00 | 53.00 | 42.00 | 39.00 | 43.00 | -67.00 | 31.00 | 33.00 | 39.00 | 38.00 | 30.00 | 30.00 | 30.00 |
| EPS in Rs | 5.02 | 5.84 | 4.58 | 4.29 | 4.71 | -7.35 | 3.40 | 3.60 | 4.24 | 4.13 | 3.29 | 3.25 | 3.27 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,228.00 | 1,089.00 | 1,081.00 | 1,025.00 | 956.00 | 582.00 | 601.00 | 122.00 | 444.00 | 95.00 |
| Expenses | 997.00 | 919.00 | 911.00 | 848.00 | 790.00 | 491.00 | 536.00 | 136.00 | 436.00 | 101.00 |
| Operating Profit | 232.00 | 170.00 | 170.00 | 176.00 | 166.00 | 92.00 | 64.00 | -15.00 | 8.00 | -6.00 |
| OPM % | 19.00 | 16.00 | 16.00 | 17.00 | 17.00 | 16.00 | 11.00 | -12.00 | 1.70 | -6.00 |
| Other Income | 38.00 | -57.00 | 30.00 | 31.00 | 18.00 | 4.00 | 16.00 | 1.00 | 7.00 | 8.00 |
| Interest | 3.00 | 4.00 | 6.00 | 12.00 | 21.00 | 27.00 | 30.00 | 11.00 | 8.00 | 2.00 |
| Depreciation | 30.00 | 29.00 | 27.00 | 23.00 | 20.00 | 17.00 | 20.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 237.00 | 80.00 | 168.00 | 172.00 | 143.00 | 51.00 | 30.00 | -25.00 | 7.00 | -1.00 |
| Tax % | 25.00 | 56.00 | 24.00 | 25.00 | 26.00 | 26.00 | 33.00 | -30.00 | 0.00 | -2.00 |
| Net Profit | 177.00 | 35.00 | 127.00 | 128.00 | 106.00 | 38.00 | 20.00 | -17.00 | 7.00 | -1.00 |
| EPS in Rs | 19.42 | 3.88 | 13.94 | 14.10 | 13.73 | 7.60 | 4.02 | -8.62 | 3.28 | -0.46 |
| Dividend Payout % | 8.00 | 26.00 | 7.00 | 7.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 91.00 | 91.00 | 91.00 | 91.00 | 77.00 | 50.00 | 50.00 | 20.00 | 20.00 | 20.00 |
| Reserves | 1,338.00 | 1,178.00 | 1,154.00 | 1,033.00 | 491.00 | 411.00 | 367.00 | -8.00 | 9.00 | 2.00 |
| Borrowings | 45.00 | 24.00 | 102.00 | 90.00 | 290.00 | 252.00 | 319.00 | 122.00 | 167.00 | 27.00 |
| Other Liabilities | 227.00 | 192.00 | 181.00 | 141.00 | 204.00 | 169.00 | 170.00 | 83.00 | 255.00 | 37.00 |
| Total Liabilities | 1,702.00 | 1,486.00 | 1,529.00 | 1,355.00 | 1,062.00 | 881.00 | 907.00 | 216.00 | 451.00 | 86.00 |
| Fixed Assets | 289.00 | 264.00 | 251.00 | 239.00 | 204.00 | 181.00 | 179.00 | 1.00 | 1.00 | 0.00 |
| CWIP | 6.00 | 32.00 | 7.00 | 11.00 | 2.00 | 3.00 | 2.00 | 0.00 | 0.00 | 0.00 |
| Investments | 727.00 | 541.00 | 515.00 | 399.00 | 211.00 | 188.00 | 185.00 | 7.00 | 9.00 | 12.00 |
| Other Assets | 681.00 | 650.00 | 757.00 | 706.00 | 645.00 | 509.00 | 541.00 | 209.00 | 441.00 | 74.00 |
| Total Assets | 1,702.00 | 1,486.00 | 1,529.00 | 1,355.00 | 1,062.00 | 881.00 | 907.00 | 216.00 | 451.00 | 86.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 132.00 | 210.00 | 124.00 | 119.00 | 51.00 | 103.00 | 84.00 | 29.00 | -107.00 | 27.00 |
| Cash from Investing Activity | -132.00 | -121.00 | -162.00 | -306.00 | -75.00 | 0.00 | -38.00 | 15.00 | -13.00 | -6.00 |
| Cash from Financing Activity | 9.00 | -92.00 | -3.00 | 223.00 | 14.00 | -95.00 | -34.00 | -56.00 | 132.00 | -21.00 |
| Net Cash Flow | 9.00 | -2.00 | -41.00 | 36.00 | -9.00 | 8.00 | 13.00 | -11.00 | 12.00 | 0.00 |
| Free Cash Flow | 104.00 | 143.00 | 90.00 | 51.00 | 9.00 | 82.00 | 33.00 | 29.00 | -107.00 | 27.00 |
| CFO/OP % | 83.00 | 148.00 | 94.00 | 89.00 | 49.00 | 113.00 | 151.00 | -211.00 | -1,352.00 | -454.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85.00 | 82.00 | 91.00 | 78.00 | 82.00 | 103.00 | 120.00 | 427.00 | 257.00 | 215.00 |
| Inventory Days | 166.00 | 178.00 | 180.00 | 197.00 | 209.00 | 263.00 | 200.00 | 41.00 | 32.00 | 8.00 |
| Days Payable | 86.00 | 83.00 | 66.00 | 50.00 | 101.00 | 126.00 | 106.00 | 249.00 | 236.00 | 180.00 |
| Cash Conversion Cycle | 165.00 | 176.00 | 204.00 | 225.00 | 189.00 | 240.00 | 213.00 | 219.00 | 53.00 | 43.00 |
| Working Capital Days | 112.00 | 123.00 | 126.00 | 122.00 | 89.00 | 82.00 | 180.00 | 78.00 | 122.00 | 111.00 |
| ROCE % | 16.00 | 13.00 | 13.00 | 18.00 | 21.00 | 11.00 | 14.00 | -8.00 | 12.00 | — |
Corporate Actions
5 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 09 Jul 2026 | 09 Jul 2026 | — | 1.50 | |
| Dividend | 29 Aug 2025 | 29 Aug 2025 | — | 1.00 | |
| Dividend | 09 Sep 2024 | 09 Sep 2024 | — | 1.00 | |
| Dividend | 21 Sep 2023 | 21 Sep 2023 | — | 1.00 | |
| Other | 21 Sep 2023 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update27 Apr from care
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Rating update24 Feb from care
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Rating update4 Mar 2025 from care
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Rating update13 Mar 2024 from care
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Rating update28 Mar 2023 from care
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Rating update7 Mar 2022 from care