Harsha Engineers International Limited

NSE: HARSHA · Other Industrial Products

52W Range₹313 ₹471

Snapshot

Unlock Harsha Engineers International Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Harsha Engineers International Limited is a leading manufacturer of precision bearing cages, including brass, steel, and polyamide variants. The company serves diverse sectors such as automotive, electrical, and industrial applications through its extensive range of stamped components.

Business Model

The company generates revenue through the design, manufacture, and sale of precision-engineered bearing cages and stamped components to global bearing manufacturers and industrial clients. It leverages long-standing technical expertise and manufacturing facilities to maintain its position in the global bearing supply chain.

  • Founded:1972

Growth Outlook

Growth is driven by the increasing demand for high-precision bearing components in the automotive and industrial sectors globally. The company continues to focus on expanding its product portfolio and strengthening its international market presence.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of brass and steel can significantly impact the company's operating margins.
  • Cyclicality of End-User Industries. The company's performance is closely tied to the cyclical demand patterns of the automotive and industrial manufacturing sectors.
  • Geopolitical and Trade Risks. As an international supplier, the company is exposed to risks associated with global trade policies, tariffs, and supply chain disruptions.
  • Technological Obsolescence. Failure to adapt to evolving bearing technologies or shifts toward electric vehicle components could adversely affect market share.

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Key Metrics

REVENUE

₹1,719 Cr

TTM · consolidated

+20.2%YoY

NET PROFIT

₹155 Cr

TTM · consolidated

+69.6%YoY

EPS

₹16.99

TTM · consolidated

+69.6%YoY

RETURN ON EQUITY

11.6%

TTM · consolidated

+4.1 ppYoY

RETURN ON CAPITAL EMPLOYED

15.6%

TTM · consolidated

+4.2 ppYoY

P/E

26.7x

Q1 FY27 · consolidated

26.7 vs 43.2x5Y avg

EV/EBITDA

15.7x

Q1 FY27 · consolidated

15.7 vs 19.2x5Y avg

EBITDA MARGIN

16.6%

TTM · consolidated

+1.5 ppYoY

NET PROFIT MARGIN

8.2%

Q1 FY27 · consolidated

-2.2 ppYoY

DEBT TO EQUITY

0.3x

Q1 FY27 · consolidated

+0.10xYoY

Peers · Other Industrial Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Harsha Engineers International LimitedHARSHA
₹4,137 Cr26.7415.7220.2%16.6%11.6%15.6%+12.2%
Subros LimitedSUBROS
₹4,629 Cr27.8412.8413.8%9.3%14.2%18.2%-22.0%
Kirloskar Industries LimitedKIRLOSIND
₹3,922 Cr17.175.0%13.3%4.9%4.8%-1.7%
Ador WeldingADOR
₹2,914 Cr25.6715.828.4%15.2%21.4%29.0%+76.9%
Diffusion Engineers LimitedDIFFNKG
₹1,777 Cr32.3722.9926.5%17.0%14.2%16.9%+24.5%
MIC ElectronicsMICEL
₹885 Cr-73.4834.8712.0%-5.5%9.9%-34.4%

As of Q1 FY27

Financials