Harsha Engineers International (HARSHA) Stock Overview
Engages in the manufacture and sale of precision bearing cages and high precision engineered components in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
HARSHA Community Fair Values
Create NarrativeSee what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Harsha Engineers International Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹395.95 |
| 52 Week High | ₹469.00 |
| 52 Week Low | ₹313.30 |
| Beta | 0.59 |
| 1 Month Change | -7.08% |
| 3 Month Change | 11.39% |
| 1 Year Change | -8.15% |
| 3 Year Change | -12.04% |
| 5 Year Change | n/a |
| Change since IPO | -18.61% |
Recent News & Updates
Narrative Update • Jun 02
HARSHA: Upcoming Board Decisions And Dividend Plans Will Support Long Term Potential
Analysts have lifted their price target for Harsha Engineers International to ₹484 from ₹438, citing revised assumptions for revenue growth, profit margins, and future P/E multiples that feed into their updated fair value model. What's in the News A board meeting is scheduled for May 7, 2026, at 11:30 Indian Standard Time to review standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Narrative Update • May 13
HARSHA: Future Dividend Policy And ESOP Plan Will Support Bullish Outlook
Analysts have raised their price target on Harsha Engineers International from ₹398 to ₹461, citing updated assumptions for discount rate, revenue growth, profit margins, and future P/E that adjust the stock's fair value estimate. What's in the News Harsha Engineers International declared an annual dividend of ₹1.50 per share, with payment scheduled for August 22, 2026, and both the ex date and record date set for July 9, 2026 (Key Developments).Analysis Article • May 10
Harsha Engineers International Limited (NSE:HARSHA) Exceeded Expectations And The Analyst Consensus Has Been Reviewing Its Models
Harsha Engineers International Limited ( NSE:HARSHA ) defied analyst predictions to release its annual results, which...Recent updates
Narrative Update • Jun 02
HARSHA: Upcoming Board Decisions And Dividend Plans Will Support Long Term Potential
Analysts have lifted their price target for Harsha Engineers International to ₹484 from ₹438, citing revised assumptions for revenue growth, profit margins, and future P/E multiples that feed into their updated fair value model. What's in the News A board meeting is scheduled for May 7, 2026, at 11:30 Indian Standard Time to review standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Narrative Update • May 13
HARSHA: Future Dividend Policy And ESOP Plan Will Support Bullish Outlook
Analysts have raised their price target on Harsha Engineers International from ₹398 to ₹461, citing updated assumptions for discount rate, revenue growth, profit margins, and future P/E that adjust the stock's fair value estimate. What's in the News Harsha Engineers International declared an annual dividend of ₹1.50 per share, with payment scheduled for August 22, 2026, and both the ex date and record date set for July 9, 2026 (Key Developments).Analysis Article • May 10
Harsha Engineers International Limited (NSE:HARSHA) Exceeded Expectations And The Analyst Consensus Has Been Reviewing Its Models
Harsha Engineers International Limited ( NSE:HARSHA ) defied analyst predictions to release its annual results, which...Narrative Update • Apr 22
HARSHA: Upcoming Results And Refined Assumptions Will Support Long Term Potential
Analysts have inched up their fair value estimate for Harsha Engineers International to about ₹438.33 per share, reflecting slightly adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News A board meeting is scheduled for February 5, 2026 to review and approve standalone unaudited financial results for the quarter ended December 31, 2025 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Company disclosure).Narrative Update • Apr 08
HARSHA: Steady Assumptions And Upcoming Results Will Support Long Term Potential
Analysts have kept the target for Harsha Engineers International broadly steady at around ₹438, citing only minor tweaks to the discount rate and future P/E assumptions rather than any major change in the underlying outlook. What's in the News A board meeting is scheduled for February 5, 2026, to consider and approve standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Key Developments).
Narrative Update • Mar 25
HARSHA: Upcoming Results Review And Firmer Margins Will Support Future Upside
Analysts have maintained their fair value estimate for Harsha Engineers International at ₹471.0, with the latest price target update reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E to better align with their refreshed outlook. What's in the News Board meeting scheduled for February 5, 2026, to consider and approve standalone unaudited financial results for the quarter and nine months ended December 31, 2025, pursuant to Regulation 33 of SEBI Listing Regulations (Key Developments) On the same date, the board will also review consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, under the same SEBI regulatory framework (Key Developments) Valuation Changes Fair Value: The fair value estimate is unchanged at ₹471.0, indicating no adjustment to the overall valuation outcome despite the input tweaks.Narrative Update • Mar 10
HARSHA: Higher Fair Value Will Reflect Stronger Long Term Revenue Potential
Analysts now place Harsha Engineers International's fair value at ₹438, up from ₹411, reflecting updated views on its revenue growth potential, profit margin profile, and a slightly higher assumed future P/E multiple. What's in the News A board meeting is scheduled for February 5, 2026 to review and approve standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (company filing).Narrative Update • Feb 24
HARSHA: Firmer Margins And Stable Assumptions Will Support Future Upside
Analysts have kept their fair value estimate for Harsha Engineers International broadly unchanged at around ₹471 per share, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin, and future P/E assumptions driving the latest price target update. What's in the News A board meeting is scheduled on February 5, 2026, to consider and approve standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Key Developments).Narrative Update • Feb 10
HARSHA: Reduced Risk Assumptions And Firmer Margins Will Support Future Upside
Analysts have maintained their fair value estimate for Harsha Engineers International at ₹471.0 per share. The latest target is based on slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E, which together present a more finely tuned view of the company’s risk and earnings profile.Analysis Article • Feb 08
Harsha Engineers International Limited Just Missed EPS By 7.8%: Here's What Analysts Think Will Happen Next
Investors in Harsha Engineers International Limited ( NSE:HARSHA ) had a good week, as its shares rose 2.5% to close at...Narrative Update • Jan 25
HARSHA: Refined Assumptions And Margins Will Support Future Upside Potential
Analysts have kept their price target for Harsha Engineers International steady at ₹471.0, with only minor tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E to reflect a slightly refined outlook on the business. What's in the News A board meeting is scheduled on February 5, 2026, to review and approve standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI (LODR) Regulations, 2015 (Key Developments).Narrative Update • Jan 11
HARSHA: Higher Margins And Earnings Multiple Will Support Future Upside Potential
Analysts have kept their fair value estimate for Harsha Engineers International steady at ₹471.0, while modestly adjusting assumptions around discount rate, revenue growth, profit margin and future P/E. Together, these changes support a reaffirmed but slightly recalibrated price target framework.Narrative Update • Dec 14
HARSHA: Stronger Margins Will Support A Higher Future Earnings Multiple
Analysts have raised their fair value estimate for Harsha Engineers International from ₹411 to ₹471, citing expectations of slightly stronger revenue growth, improved profit margins, and a modestly higher future earnings multiple despite a marginal increase in the assumed discount rate. What's in the News Board meeting scheduled for November 6, 2025, to review and approve standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2025, in line with SEBI Regulation 33 (company filing) Upcoming results will provide updated visibility on revenue trajectory and margins following recent estimate revisions (company filing) Half year performance disclosure is expected to offer clarity on execution across key business segments and potential implications for capital allocation (company filing) Valuation Changes Fair Value Estimate increased moderately from ₹411 to ₹471 per share, reflecting a more optimistic view on earnings potential Discount Rate has risen slightly from 14.5 percent to about 15.2 percent, indicating a modestly higher required return Revenue Growth Assumption edged up from about 12.2 percent to about 12.9 percent, suggesting a slightly stronger top line outlook Net Profit Margin increased slightly from about 10.6 percent to about 11.2 percent, implying incremental operating efficiency gains Future P/E Multiple moved up modestly from about 27.1x to about 28.0x, supporting a higher overall valuationAnalysis Article • Nov 09
Earnings Beat: Harsha Engineers International Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
As you might know, Harsha Engineers International Limited ( NSE:HARSHA ) just kicked off its latest quarterly results...Analysis Article • Jun 16
Harsha Engineers International (NSE:HARSHA) Shareholders Will Want The ROCE Trajectory To Continue
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...Analysis Article • May 20
Harsha Engineers International's (NSE:HARSHA) Conservative Accounting Might Explain Soft Earnings
Soft earnings didn't appear to concern Harsha Engineers International Limited's ( NSE:HARSHA ) shareholders over the...
New Narrative • Feb 06
China +1 Strategy And India Expansion Will Strengthen Future Prospects
China +1 strategy and India's facility expansion are poised to boost order inflow, enhancing future revenues and margins.Analysis Article • Jan 11
Returns Are Gaining Momentum At Harsha Engineers International (NSE:HARSHA)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Analysis Article • Nov 18
Investors Shouldn't Be Too Comfortable With Harsha Engineers International's (NSE:HARSHA) Earnings
Despite announcing strong earnings, Harsha Engineers International Limited's ( NSE:HARSHA ) stock was sluggish. Our...Analysis Article • Nov 14
Harsha Engineers International Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
The analysts might have been a bit too bullish on Harsha Engineers International Limited ( NSE:HARSHA ), given that the...Analysis Article • Aug 10
Earnings Report: Harsha Engineers International Limited Missed Revenue Estimates By 9.0%
Shareholders might have noticed that Harsha Engineers International Limited ( NSE:HARSHA ) filed its first-quarter...Analysis Article • Jul 16
Here's What's Concerning About Harsha Engineers International's (NSE:HARSHA) Returns On Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Analysis Article • Jun 09
Investors Appear Satisfied With Harsha Engineers International Limited's (NSE:HARSHA) Prospects As Shares Rocket 26%
Harsha Engineers International Limited ( NSE:HARSHA ) shareholders have had their patience rewarded with a 26% share...Analysis Article • May 22
Is Harsha Engineers International (NSE:HARSHA) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Apr 04
Harsha Engineers International Limited's (NSE:HARSHA) Price In Tune With Earnings
Harsha Engineers International Limited's ( NSE:HARSHA ) price-to-earnings (or "P/E") ratio of 35.1x might make it look...Analysis Article • May 30
Harsha Engineers International Limited Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next
Harsha Engineers International Limited ( NSE:HARSHA ) defied analyst predictions to release its yearly results, which...Analysis Article • Apr 13
Optimistic Investors Push Harsha Engineers International Limited (NSE:HARSHA) Shares Up 26% But Growth Is Lacking
Harsha Engineers International Limited ( NSE:HARSHA ) shares have had a really impressive month, gaining 26% after a...Shareholder Returns
| HARSHA | IN Machinery | IN Market | |
|---|---|---|---|
| 7D | 0.3% | -0.6% | -1.2% |
| 1Y | -8.2% | 8.0% | -5.1% |
Return vs Industry: HARSHA underperformed the Indian Machinery industry which returned 8% over the past year.
Return vs Market: HARSHA underperformed the Indian Market which returned -5.1% over the past year.
Price Volatility
| HARSHA volatility | |
|---|---|
| HARSHA Average Weekly Movement | 5.8% |
| Machinery Industry Average Movement | 7.3% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in IN Market | 10.2% |
| 10% least volatile stocks in IN Market | 4.8% |
Stable Share Price: HARSHA has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: HARSHA's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 1,646 | Vishal Rangwala | www.harshaengineers.com |
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.
Harsha Engineers International Limited Fundamentals Summary
| HARSHA fundamental statistics | |
|---|---|
| Market cap | ₹36.05b |
| Earnings (TTM) | ₹1.55b |
| Revenue (TTM) | ₹16.27b |
23.2x
P/E Ratio2.2x
P/S RatioIs HARSHA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HARSHA income statement (TTM) | |
|---|---|
| Revenue | ₹16.27b |
| Cost of Revenue | ₹8.49b |
| Gross Profit | ₹7.78b |
| Other Expenses | ₹6.23b |
| Earnings | ₹1.55b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 17.05 |
| Gross Margin | 47.81% |
| Net Profit Margin | 9.54% |
| Debt/Equity Ratio | 26.5% |
How did HARSHA perform over the long term?
See historical performance and comparisonDividends
0.4%
Current Dividend Yield9%
Payout RatioDoes HARSHA pay a reliable dividends?
See HARSHA dividend history and benchmarks| Harsha Engineers International dividend dates | |
|---|---|
| Ex Dividend Date | Jul 09 2026 |
| Dividend Pay Date | Aug 22 2026 |
| Days until Ex dividend | 29 days |
| Days until Dividend pay date | 73 days |
Does HARSHA pay a reliable dividends?
See HARSHA dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 00:16 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Harsha Engineers International Limited is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | CNI Infoxchange Ltd |
| null null | Equirus Securities Private Limited |
| Vaibhav Shah | Equirus Securities Private Limited |