Harsha Engineers International Limited
Harsha Engineers International Limited operates in Other Industrial Products, part of the Industrials sector. It booked ₹440 cr of revenue in its latest quarter (Q2 FY27) and kept 10.2% of sales as profit. It is the 5th largest of 9 Other Industrial Products companies we track, by market value.
| Segment | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|
| Engineering & Others | 1,227 | 1,269 | 1,444 | 88% → 89% |
| Solar-EPC and O&M | 165 | 139 | 183 | 12% → 11% |
| Total | 1,392 | 1,408 | 1,627 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“Product Portfolio ENGINEERED TO PERFORM. Every product we create is a result of precision, expertise, and deep industry understanding. Our portfolio is designed not just to meet expectations, but to exceed them consistently, even in the most demanding environments.”
Healthier than 61% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 125–284 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 52
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in HARSHA?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹440 cr |
| Other Income | ₹7 cr |
| Total Income | ₹447 cr |
| Cost of Materials | ₹234 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Inventory Change (±) | ₹-21 cr |
| Employee Benefit Expense | ₹61 cr |
| Finance Costs | ₹6 cr |
| Depreciation & Amortisation | ₹14 cr |
| Other Expenses | ₹92 cr |
| Total Expenses | ₹386 cr |
| Exceptional Items | ₹13 L |
| Profit before Tax | ₹61 cr |
| Tax Expense | ₹16 cr |
| Net Profit | ₹45 cr |
| Net margin on total income | 10.1% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 474 cr | 457 cr | 440 cr |
| Total income | 484 cr | 463 cr | 447 cr |
| Expenses | 419 cr | 410 cr | 386 cr |
| Profit before tax | 65 cr | 53 cr | 61 cr |
| Tax | 18 cr | 16 cr | 16 cr |
| Net profit (owners' share) | 47 cr | 37 cr | 45 cr |
| Net margin (owners' share, on revenue) | 10.0% | 8.2% | 10.2% |
| EPS (₹) | 5.19 | 4.11 | 4.95 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| HBL Engineering Limited | ₹813 | ₹22,534 cr | 51.4 | 19.7% | 17.1% | — |
| INOX India Limited | ₹1,868 | ₹16,954 cr | 73.0 | 21.7% | 16.3% | — |
| Esab India Limited | ₹5,461 | ₹8,403 cr | 37.4 | 52.3% | 13.3% | — |
| KRN Heat Exchanger and Refrigeration Limited | ₹1,036 | ₹6,778 cr | 46.9 | 14.7% | 11.3% | — |
| Harsha Engineers International Limitedthis company | ₹440 | ₹4,006 cr | 22.2 | 12.1% | 10.2% | — |
| Subros Limited | ₹584 | ₹3,812 cr | 23.0 | 13.3% | 4.0% | — |
| Ador Welding Limited | ₹1,431 | ₹2,490 cr | 23.1 | 18.9% | 7.8% | — |
| Diffusion Engineers Limited | ₹402 | ₹1,503 cr | 22.5 | 16.4% | 15.1% | — |
| MIC Electronics Limited | ₹36 | ₹860 cr | 99.1 | 3.9% | 4.9% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹1.5 / share | 9 Jul 2026 |
| Dividend | ₹1 / share | 29 Aug 2025 |
| Dividend | ₹1 / share | 9 Sep 2024 |
| Dividend | ₹1 / share | 21 Sep 2023 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2025, the company says it has spent 100% of what it set aside. CARE Ratings Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing