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Nifty
Sensex

:
:

23587.50
78041.59

-364.20 (-1.52%)
-1176.46 (-1.49%)

Harsha Engineers International Ltd.

Engineering - Industrial Equipments

Rating :

N/A

BSE: 543600 | NSE: HARSHA

Watchlist

NSE BSE

500.85

20-Dec-2024

Open
High
Low
Previous Close

518.00
530.95
500.00
516.55

Volume
Traded Value (lacs)
52 Week High
52 Week Low

65432
335.93
613.85
360.10

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

4,568.59
34.75
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

4,657.06
0.20%
3.72

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
-
1.76

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
-
0.04

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-
6.61

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
-

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-

Earnings Forecasts:

Description 2024 2025 2026 2027
Adj EPS 12.24 15.52 19.2 24.25
P/E Ratio 41.62 32.81 26.53 21.01
Revenue 1392 1497 1705 1930
EBITDA 171 209 255 318
Net Income 111 142 175 221
ROA 7.4 0.1 0.1 0.1
P/Bk Ratio 3.95 3.53 3.14 2.78
ROE 9.92 11.4 12.55 14.1
FCFF 65.33 60.52 18.93 72.47
FCFF Yield 1.54 1.43 0.45 1.71

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 271.97 268.41 1.33% 258.30 256.16 0.84% 297.53 247.74 20.10% 258.84 226.39 14.33%
Expenses 230.70 228.27 1.06% 206.19 214.83 -4.02% 246.20 197.29 24.79% 221.29 189.30 16.90%
EBITDA 41.27 40.14 2.82% 52.11 41.33 26.08% 51.33 50.45 1.74% 37.55 37.09 1.24%
EBIDTM 15.17% 14.95% 20.17% 16.13% 17.25% 20.36% 14.51% 16.38%
Other Income 11.29 6.69 68.76% 8.21 5.55 47.93% 7.36 5.97 23.28% 10.88 13.00 -16.31%
Interest 1.29 1.40 -7.86% 1.52 1.56 -2.56% 1.69 1.35 25.19% 1.68 1.33 26.32%
Depreciation 7.23 6.66 8.56% 7.05 6.43 9.64% 6.92 5.99 15.53% 6.84 6.05 13.06%
PBT 44.04 38.77 13.59% 51.75 38.89 33.07% 50.08 49.08 2.04% 39.91 42.71 -6.56%
Tax 11.27 9.18 22.77% 13.19 9.13 44.47% 12.49 12.28 1.71% 9.94 11.16 -10.93%
PAT 32.77 29.59 10.75% 38.56 29.76 29.57% 37.59 36.80 2.15% 29.97 31.55 -5.01%
PATM 12.05% 11.02% 14.93% 11.62% 12.63% 14.85% 11.58% 13.94%
EPS 3.60 3.25 10.77% 4.24 3.27 29.66% 4.13 4.04 2.23% 3.29 3.47 -5.19%

Description Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var% Dec 23 Dec 22 Var%
Net Sales 352.58 339.49 3.86% 343.16 347.96 -1.38% 380.40 343.69 10.68% 324.45 300.68 7.91%
Expenses 310.74 304.25 2.13% 287.99 306.14 -5.93% 325.86 292.89 11.26% 284.70 259.66 9.64%
EBITDA 41.84 35.24 18.73% 55.17 41.82 31.92% 54.54 50.80 7.36% 39.75 41.02 -3.10%
EBIDTM 11.87% 10.38% 16.08% 12.02% 14.34% 14.78% 12.25% 13.64%
Other Income 12.08 6.65 81.65% 7.90 4.00 97.50% 7.75 5.82 33.16% 11.09 13.50 -17.85%
Interest 2.62 2.48 5.65% 2.56 2.62 -2.29% 2.83 2.56 10.55% 2.84 2.30 23.48%
Depreciation 10.39 9.76 6.45% 10.21 9.56 6.80% 9.98 9.15 9.07% 10.02 9.20 8.91%
PBT 40.91 29.65 37.98% 50.30 33.64 49.52% 49.48 44.91 10.18% 37.98 43.02 -11.72%
Tax 11.95 9.26 29.05% 14.25 9.06 57.28% 12.70 12.29 3.34% 8.30 11.28 -26.42%
PAT 28.96 20.39 42.03% 36.05 24.58 46.66% 36.78 32.62 12.75% 29.68 31.74 -6.49%
PATM 8.21% 6.01% 10.51% 7.06% 9.67% 9.49% 9.15% 10.56%
EPS 3.18 2.24 41.96% 3.96 2.70 46.67% 4.04 3.58 12.85% 3.26 3.49 -6.59%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,086.64 1,080.94 1,024.72 956.45 582.04 Net Sales Growth 8.81% 5.49% 7.14% 64.33% Cost Of Goods Sold 566.79 588.07 540.18 512.06 273.97 Gross Profit 519.85 492.87 484.54 444.39 308.07 GP Margin 47.84% 45.60% 47.29% 46.46% 52.93% Total Expenditure 904.38 913.61 852.33 790.93 494.34 Power & Fuel Cost - 18.97 22.96 19.36 14.41 % Of Sales - 1.75% 2.24% 2.02% 2.48% Employee Cost - 118.14 109.04 96.22 89.71 % Of Sales - 10.93% 10.64% 10.06% 15.41% Manufacturing Exp. - 122.02 106.45 94.69 60.34 % Of Sales - 11.29% 10.39% 9.90% 10.37% General & Admin Exp. - 21.88 19.18 15.73 17.73 % Of Sales - 2.02% 1.87% 1.64% 3.05% Selling & Distn. Exp. - 38.98 50.57 50.30 27.31 % Of Sales - 3.61% 4.94% 5.26% 4.69% Miscellaneous Exp. - 5.55 3.95 2.57 10.87 % Of Sales - 0.51% 0.39% 0.27% 1.87% EBITDA 182.26 167.33 172.39 165.52 87.70 EBITDA Margin 16.77% 15.48% 16.82% 17.31% 15.07% Other Income 37.74 33.50 35.13 18.21 7.54 Interest 6.18 6.33 11.91 21.12 26.55 Depreciation 28.04 26.85 23.31 19.62 17.28 PBT 185.78 167.65 172.30 142.99 51.41 Tax 46.89 40.74 43.91 36.91 13.43 Tax Rate 25.24% 24.30% 25.48% 25.81% 26.12% PAT 138.89 126.91 128.39 106.08 37.98 PAT before Minority Interest 138.89 126.91 128.39 106.08 37.98 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 12.78% 11.74% 12.53% 11.09% 6.53% PAT Growth 8.76% -1.15% 21.03% 179.30% EPS 15.26 13.95 14.11 11.66 4.17

Description TTM Mar 24 Mar 23 Mar 22 Mar 21
Net Sales 1,400.59 1,392.30 1,364.02 1,321.48 873.75 Net Sales Growth 5.16% 2.07% 3.22% 51.24% Cost Of Goods Sold 742.61 777.24 735.87 739.69 414.72 Gross Profit 657.98 615.06 628.15 581.79 459.03 GP Margin 46.98% 44.18% 46.05% 44.03% 52.54% Total Expenditure 1,209.29 1,223.30 1,178.23 1,152.84 756.00 Power & Fuel Cost - 0.00 0.00 41.28 30.89 % Of Sales - 0% 0% 3.12% 3.54% Employee Cost - 169.05 156.19 145.15 146.38 % Of Sales - 12.14% 11.45% 10.98% 16.75% Manufacturing Exp. - 186.02 188.96 132.60 84.11 % Of Sales - 13.36% 13.85% 10.03% 9.63% General & Admin Exp. - 36.87 31.61 29.19 31.11 % Of Sales - 2.65% 2.32% 2.21% 3.56% Selling & Distn. Exp. - 42.77 55.26 55.88 32.63 % Of Sales - 3.07% 4.05% 4.23% 3.73% Miscellaneous Exp. - 11.35 10.34 9.05 16.15 % Of Sales - 0.82% 0.76% 0.68% 1.85% EBITDA 191.30 169.00 185.79 168.64 117.75 EBITDA Margin 13.66% 12.14% 13.62% 12.76% 13.48% Other Income 38.82 31.84 33.29 17.91 7.08 Interest 10.85 10.77 15.84 24.56 29.99 Depreciation 40.60 39.32 36.12 35.36 34.11 PBT 178.67 150.75 167.12 126.63 60.72 Tax 47.20 39.32 43.84 34.68 15.28 Tax Rate 26.42% 26.08% 26.23% 27.39% 25.16% PAT 131.47 111.43 123.28 91.95 45.44 PAT before Minority Interest 131.47 111.43 123.28 91.95 45.44 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 9.39% 8.00% 9.04% 6.96% 5.20% PAT Growth 20.25% -9.61% 34.07% 102.35% EPS 14.45 12.25 13.55 10.10 4.99

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,245.46 1,123.68 568.05 460.53 Share Capital 91.04 91.04 77.25 50.00 Total Reserves 1,154.42 1,032.64 490.80 383.28 Non-Current Liabilities 29.10 23.50 148.82 104.27 Secured Loans 1.28 0.00 83.79 86.42 Unsecured Loans 0.00 0.00 42.01 0.00 Long Term Provisions 8.54 8.35 11.06 9.51 Current Liabilities 254.14 207.57 344.65 317.63 Trade Payables 106.11 73.45 141.60 94.29 Other Current Liabilities 45.85 42.68 74.72 78.42 Short Term Borrowings 98.32 88.06 124.11 142.90 Short Term Provisions 3.86 3.38 4.22 2.02 Total Liabilities 1,528.70 1,354.75 1,061.52 882.43 Net Block 250.58 238.86 204.25 181.33 Gross Block 531.44 494.85 443.74 402.85 Accumulated Depreciation 280.86 255.99 239.49 221.52 Non Current Assets 609.51 521.51 445.42 389.43 Capital Work in Progress 6.96 10.96 1.61 2.68 Non Current Investment 318.52 238.01 204.42 178.83 Long Term Loans & Adv. 32.34 32.47 33.83 25.17 Other Non Current Assets 1.11 1.21 1.31 1.42 Current Assets 919.19 833.24 616.10 493.00 Current Investments 196.06 161.04 6.43 9.25 Inventories 289.21 291.01 292.60 197.10 Sundry Debtors 268.70 218.68 213.76 164.52 Cash & Bank 96.84 120.72 31.99 35.75 Other Current Assets 68.38 7.07 16.36 18.06 Short Term Loans & Adv. 50.55 34.72 54.96 68.32 Net Current Assets 665.05 625.67 271.45 175.37 Total Assets 1,528.70 1,354.75 1,061.52 882.43

Description Mar 24 Mar 23 Mar 22 Mar 21
Shareholder's Funds 1,175.28 1,071.77 521.86 427.18 Share Capital 91.04 91.04 77.25 50.00 Total Reserves 1,084.24 980.73 444.61 349.93 Non-Current Liabilities 26.31 29.83 160.54 122.70 Secured Loans 2.94 7.91 95.83 101.52 Unsecured Loans 0.00 0.00 42.01 0.00 Long Term Provisions 8.59 8.35 11.06 9.52 Current Liabilities 365.01 343.54 475.86 432.33 Trade Payables 132.93 117.43 182.79 116.68 Other Current Liabilities 64.19 58.00 89.97 117.53 Short Term Borrowings 164.01 164.90 198.88 196.10 Short Term Provisions 3.88 3.21 4.22 2.02 Total Liabilities 1,566.60 1,445.14 1,158.26 982.21 Net Block 417.77 386.67 355.70 342.41 Gross Block 915.70 858.17 794.23 746.42 Accumulated Depreciation 497.93 471.50 438.53 404.00 Non Current Assets 501.82 445.26 374.68 364.00 Capital Work in Progress 15.15 11.62 2.10 3.34 Non Current Investment 38.01 33.14 0.04 0.03 Long Term Loans & Adv. 29.78 12.62 15.53 12.26 Other Non Current Assets 1.11 1.21 1.31 5.95 Current Assets 1,063.58 997.64 780.02 618.22 Current Investments 196.07 161.04 6.43 9.25 Inventories 353.66 376.88 375.72 267.55 Sundry Debtors 318.93 280.37 282.75 213.88 Cash & Bank 121.61 133.59 39.30 45.30 Other Current Assets 73.31 9.47 18.06 13.15 Short Term Loans & Adv. 54.28 36.29 57.76 69.09 Net Current Assets 698.57 654.10 304.16 185.88 Total Assets 1,566.60 1,445.14 1,158.26 982.22

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 124.16 118.76 50.88 102.60 PBT 167.65 172.30 142.99 51.41 Adjustment 6.92 19.96 38.66 41.32 Changes in Working Capital -14.06 -36.02 -99.67 11.01 Cash after chg. in Working capital 160.51 156.24 81.98 103.74 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -36.35 -37.48 -31.10 -1.14 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -162.34 -306.19 -74.58 0.18 Net Fixed Assets -32.59 -60.46 -39.82 Net Investments -115.53 -188.20 -22.77 Others -14.22 -57.53 -11.99 Cash from Financing Activity -3.31 222.91 14.36 -94.62 Net Cash Inflow / Outflow -41.49 35.48 -9.34 8.16 Opening Cash & Equivalents 51.63 16.09 25.43 17.27 Closing Cash & Equivalent 10.14 51.63 16.09 25.43

Description Mar 24 Mar 23 Mar 22 Mar 21
Cash From Operating Activity 135.79 137.03 36.46 121.16 PBT 150.75 167.12 126.63 60.72 Adjustment 22.81 35.65 62.36 63.84 Changes in Working Capital -1.18 -28.26 -121.43 -2.26 Cash after chg. in Working capital 172.38 174.51 67.56 122.30 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -36.59 -37.48 -31.10 -1.14 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -157.80 -311.74 -51.83 -19.96 Net Fixed Assets -32.59 -60.46 -39.82 Net Investments -115.53 -188.20 -22.77 Others -9.68 -63.08 10.76 Cash from Financing Activity -25.43 215.74 3.73 -92.43 Net Cash Inflow / Outflow -47.44 41.03 -11.64 8.77 Opening Cash & Equivalents 62.44 21.41 33.05 24.28 Closing Cash & Equivalent 15.00 62.44 21.41 33.05

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 136.80 123.43 73.53 86.66 ROA 8.80% 10.63% 10.91% 4.27% ROE 10.71% 15.18% 21.19% 9.22% ROCE 13.61% 17.82% 20.93% 10.76% Fixed Asset Turnover 2.11 2.18 2.26 1.47 Receivable days 82.29 77.02 72.18 113.47 Inventory Days 97.96 103.94 93.44 115.70 Payable days 55.72 72.65 84.07 123.86 Cash Conversion Cycle 124.52 108.30 81.55 105.31 Total Debt/Equity 0.08 0.08 0.51 0.58 Interest Cover 27.48 15.47 7.77 2.94

Description Mar 24 Mar 23 Mar 22 Mar 21
Book Value (Rs.) 128.96 117.48 67.09 79.99 ROA 7.40% 9.47% 8.59% 4.65% ROE 9.93% 15.53% 20.13% 12.20% ROCE 12.46% 17.07% 18.13% 11.63% Fixed Asset Turnover 1.57 1.65 1.72 1.20 Receivable days 78.56 75.34 68.59 94.52 Inventory Days 95.76 100.69 88.84 104.32 Payable days 58.79 74.46 73.89 100.39 Cash Conversion Cycle 115.53 101.58 83.54 98.45 Total Debt/Equity 0.15 0.17 0.73 0.87 Interest Cover 15.00 11.55 6.16 3.02

Top Investors:

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Annual Reports:

News Update:

Harsha Engineers enters into agreement with leading multinational bearing company
6th Dec 2024, 09:49 AM

Agreement is for an initial period of 6 years
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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