Harshdeep Horti.

BSE: HARSHDEEP · Other Agricultural Products

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Snapshot

Unlock Harshdeep Horti.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Harshdeep Hortico Limited designs, manufactures, and supplies a wide range of pots, planters, and gardening accessories. The company serves both retail consumers and institutional clients, including real estate developers and landscape architects, through a pan-India distribution network.

Business Model

The company generates revenue through the manufacturing and sale of plastic, rotomolded, and fiber-reinforced planters alongside gardening tools and decorative items. It operates a direct-to-consumer and institutional sales model, leveraging its manufacturing facilities in Maharashtra.

Management Commentary

Management is focused on leveraging the capital raised from its recent BSE SME listing to scale manufacturing capacity and meet working capital requirements. The firm aims to strengthen its market position in the horticulture and home decor segment.

Growth Outlook

Growth is expected to be driven by the expansion of manufacturing capabilities and the scaling of distribution networks across India. Increased demand for home decor and professional landscaping services remains a key tailwind.

  • Listing Platform:BSE SME
  • Listing Year:2024

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of plastic and other raw materials can significantly impact manufacturing margins.
  • Market Competition. The horticulture and home decor segment is highly fragmented with competition from both organised players and unorganised local manufacturers.
  • Execution Risk. The company's growth strategy relies on the successful deployment of capital from its recent IPO to scale operations effectively.
  • Economic Sensitivity. Demand for decorative planters and gardening accessories is often linked to discretionary spending and the performance of the real estate sector.

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Peers · Other Agricultural Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Harshdeep Horti.HARSHDEEP
₹140 Cr29.0%-21.3%
Regaal ResourcesREGAAL
₹950 Cr15.2711.1212.3%12.2%12.0%-18.9%
Sukhjit Starch & Chemicals LimitedSUKHJITS
₹497 Cr14.537.51-0.9%7.5%6.2%10.2%-3.8%
Mangalam Global Enterprise LimitedMGEL
₹476 Cr10.038.4141.4%2.3%19.0%34.2%-11.6%
Modi NaturalsMODINATUR
₹463 Cr9.158.368.5%10.4%34.2%28.4%-28.0%
Sarveshwar FoodsSARVESHWAR
₹419 Cr6.189.3316.4%5.1%8.4%17.4%-53.9%

As of Mar 2026

Financials