Harsha Engineers International Limited

NSEI:HARSHA Stock Report

Market Cap: ₹43.0b

Harsha Engineers International Valuation

Is HARSHA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HARSHA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
₹114.83
Fair Value
310.9% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: HARSHA (₹471.8) is trading above our estimate of fair value (₹114.83)

Significantly Below Fair Value: HARSHA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HARSHA?

Key metric: As HARSHA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HARSHA. This is calculated by dividing HARSHA's market cap by their current earnings.
What is HARSHA's PE Ratio?
PE Ratio32.7x
Earnings₹1.31b
Market Cap₹42.95b

Price to Earnings Ratio vs Peers

How does HARSHA's PE Ratio compare to its peers?

The above table shows the PE ratio for HARSHA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.9x
ROLEXRINGS Rolex Rings
30.8x26.7%₹49.2b
MTARTECH MTAR Technologies
133.9x41.3%₹51.6b
505255 GMM Pfaudler
53.3x40.3%₹54.6b
LGBBROSLTD L.G. Balakrishnan & Bros
13.8x7.9%₹39.1b
HARSHA Harsha Engineers International
32.7x20.8%₹43.0b

Price-To-Earnings vs Peers: HARSHA is good value based on its Price-To-Earnings Ratio (32.7x) compared to the peer average (57.9x).

Price to Earnings Ratio vs Industry

How does HARSHA's PE Ratio compare vs other companies in the IN Machinery Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
504220 W.S. Industries (India)
4.5xn/aUS$80.46m
DIL Debock Industries
4.7xn/aUS$5.75m
531911 Galaxy Agrico Exports
4.3xn/aUS$1.35m
No more companies available in this PE range
HARSHA 32.7xIndustry Avg. 38.8xNo. of Companies21PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HARSHA is good value based on its Price-To-Earnings Ratio (32.7x) compared to the Indian Machinery industry average (38.8x).

Price to Earnings Ratio vs Fair Ratio

What is HARSHA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HARSHA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.7x
Fair PE Ratio33.3x

Price-To-Earnings vs Fair Ratio: HARSHA is good value based on its Price-To-Earnings Ratio (32.7x) compared to the estimated Fair Price-To-Earnings Ratio (33.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HARSHA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹471.80
₹561.75
+19.1%
5.5%₹610.00₹525.00n/a4
Jan ’26₹500.65
₹561.75
+12.2%
5.5%₹610.00₹525.00n/a4
Dec ’25₹503.90
₹561.75
+11.5%
5.5%₹610.00₹525.00n/a4
Nov ’25₹514.45
₹581.50
+13.0%
7.9%₹660.00₹550.00n/a4
Oct ’25₹522.95
₹576.50
+10.2%
8.6%₹660.00₹530.00n/a4
Sep ’25₹539.20
₹576.50
+6.9%
8.6%₹660.00₹530.00n/a4
Aug ’25₹562.95
₹477.75
-15.1%
9.4%₹530.00₹430.00n/a4
Jul ’25₹562.95
₹477.75
-15.1%
9.4%₹530.00₹430.00n/a4
Jun ’25₹486.75
₹477.75
-1.8%
9.4%₹530.00₹430.00n/a4
May ’25₹427.65
₹442.00
+3.4%
4.1%₹472.00₹425.00n/a4
Apr ’25₹407.40
₹461.40
+13.3%
10.1%₹551.00₹425.00n/a5
Mar ’25₹407.15
₹461.40
+13.3%
10.1%₹551.00₹425.00n/a5
Feb ’25₹398.60
₹449.20
+12.7%
12.4%₹551.00₹390.00n/a5
Jan ’25₹392.80
₹464.00
+18.1%
11.4%₹551.00₹415.00₹500.654
Dec ’24₹418.70
₹464.00
+10.8%
11.4%₹551.00₹415.00₹503.904
Nov ’24₹380.85
₹492.25
+29.3%
6.9%₹551.00₹469.00₹514.454
Oct ’24₹419.40
₹492.25
+17.4%
6.9%₹551.00₹469.00₹522.954
Sep ’24₹446.85
₹472.67
+5.8%
0.6%₹475.00₹469.00₹539.203
Aug ’24₹432.40
₹474.67
+9.8%
0.9%₹480.00₹469.00₹562.953
Jul ’24₹460.65
₹474.67
+3.0%
0.9%₹480.00₹469.00₹562.953
Jun ’24₹429.75
₹474.67
+10.5%
0.9%₹480.00₹469.00₹486.753
May ’24₹429.50
₹435.00
+1.3%
1.1%₹440.00₹430.00₹427.652
Analyst Price Target
Consensus Narrative from 4 Analysts
₹561.75
Fair Value
16.0% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 23:52
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Harsha Engineers International Limited is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullCNI Research Limited
null nullEquirus Securities Private Limited
Harshit PatelEquirus Securities Private Limited