About
Harshil Agrotech Limited engages in the trading of agriculture goods and commodity and agri materials in India. It provides contract farming, greenhouse technology, modern agro farming, and organic farming services. The company was formerly known as Mirch Technologies (India) Limited and changed its name to Harshil Agrotech Limited in September 2023. Harshil Agrotech Limited was incorporated in 1972 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap26 Cr
P/E—
Div Yield0.00 %
Book Value₹1.27
52w High₹1.04
52w Low₹0.24
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.25 | 42.29 | 59.89 | 2.38 | 25.73 | 24.05 | 11.37 | 3.32 | 3.16 | 2.87 | 3.57 | 1.01 | 1.26 |
| Expenses | 12.60 | 47.49 | 51.07 | 2.95 | 20.38 | 19.06 | 10.18 | 3.31 | 2.93 | 2.66 | 3.04 | 1.00 | 0.98 |
| Operating Profit | -5.35 | -5.20 | 8.82 | -0.57 | 5.35 | 4.99 | 1.19 | 0.01 | 0.23 | 0.21 | 0.53 | 0.01 | 0.28 |
| OPM % | -73.79 | -12.30 | 14.73 | -23.95 | 20.79 | 20.75 | 10.47 | 0.30 | 7.28 | 7.32 | 14.85 | 0.99 | 22.22 |
| Other Income | 0.00 | 0.00 | 0.00 | -0.01 | 0.03 | 0.05 | 0.03 | 0.10 | 0.00 | 0.00 | 0.00 | -0.04 | 0.08 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -5.35 | -5.20 | 8.82 | -0.58 | 5.38 | 5.04 | 1.22 | 0.11 | 0.23 | 0.21 | 0.53 | -0.03 | 0.36 |
| Tax % | 0.00 | -43.85 | 25.85 | 34.48 | -1.86 | 4.76 | 25.41 | 45.45 | 13.04 | 28.57 | 26.42 | -166.67 | 25.00 |
| Net Profit | -5.36 | -2.91 | 6.53 | -0.78 | 5.48 | 4.80 | 0.90 | 0.05 | 0.20 | 0.16 | 0.39 | 0.01 | 0.26 |
| EPS in Rs | -0.06 | -0.03 | 0.07 | -0.01 | 0.06 | 0.05 | 0.05 | 0.00 | 0.01 | 0.01 | 0.26 | 0.01 | 0.17 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64.00 | 13.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Expenses | 53.00 | 12.00 | 3.00 | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Profit | 11.00 | 1.00 | 1.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| OPM % | 17.00 | 8.00 | 17.00 | -106.00 | — | -950.00 | -70.00 | — | 28.00 | — | — | — |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 11.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax % | 6.00 | 26.00 | 20.00 | 47.00 | 29.00 | -22.00 | -26.00 | -31.00 | -100.00 | -31.00 | -61.00 | -12.00 |
| Net Profit | 10.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS in Rs | 0.11 | 0.04 | 0.36 | -0.14 | 0.57 | -0.23 | -0.16 | -0.17 | 0.05 | -0.19 | -0.11 | -0.23 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 71.00 | 71.00 | 11.00 | 0.80 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 |
| Reserves | 48.00 | 44.00 | 1.00 | 0.00 | -1.00 | -1.00 | -2.00 | -2.00 | -2.00 | -1.00 | -1.00 | -1.00 | -1.00 |
| Borrowings | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 |
| Other Liabilities | 7.00 | 3.00 | 11.00 | 3.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 |
| Total Liabilities | 126.00 | 119.00 | 23.00 | 4.00 | 2.00 | 0.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 |
| Fixed Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.00 | 2.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 124.00 | 116.00 | 20.00 | 4.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 |
| Total Assets | 126.00 | 119.00 | 23.00 | 4.00 | 2.00 | 0.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -44.00 | -8.00 | 0.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Cash from Investing Activity | 0.00 | -2.00 | 0.00 | 0.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activity | 93.00 | 10.00 | 0.00 | 0.00 | -4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Net Cash Flow | 50.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | -44.00 | -8.00 | 0.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| CFO/OP % | -391.00 | -749.00 | 26.00 | 247.00 | 93.00 | 76.00 | 4.00 | -80.00 | -188.00 | 96.00 | 115.00 | 335.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 267.00 | 218.00 | 367.00 | 388.00 | — | 274.00 | 0.00 | — | 419.00 | — | — | — |
| Inventory Days | 85.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | — | 0.00 | — | — | 0.00 |
| Days Payable | 18.00 | — | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 334.00 | 218.00 | 367.00 | 388.00 | — | 274.00 | 0.00 | — | 419.00 | — | — | — |
| Working Capital Days | 363.00 | 260.00 | 67.00 | 433.00 | — | -34,949.00 | -4,059.00 | — | -2,010.00 | — | — | — |
| ROCE % | 17.00 | 16.00 | 86.00 | -34.00 | -45.00 | -19.00 | -12.00 | -12.00 | 1.00 | -15.00 | -15.00 | -18.00 |
Corporate Actions
6 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Bonus | 10 Oct 2025 | 10 Oct 2025 | 10:32 | — | |
| Other | 05 Feb 2025 | 05 Feb 2025 | — | — | Right Issue of Equity Shares |
| Split | 17 Oct 2024 | 17 Oct 2024 | 10:1 | — | |
| Other | 01 Feb 2024 | — | — | — | E.G.M. |
| Other | 14 Feb 2020 | — | — | — | E.G.M. |
| Other | 25 Sep 2012 | — | — | — | General |