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    Harsha Engineers International Limited

    India's largest manufacturer of precision bearing cages, also engineering bushings, stamped components and solar EPC.

    Capital Goods
    Industrials
    View HARSHA earnings calls
    ₹431.05
    +8.63% from avg

    Overview

    Price

    ₹431.05

    Market Cap

    ₹3.7k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital5050779191919191
    Reserves3223774459811.1k1.2k1.2k1.3k
    Borrowings419357385182177200317372
    Other Liabilities197197252191215236241293
    Total Liabilities9889811.2k1.4k1.6k1.7k1.9k2.1k
    AssetsFixed Assets334342356387418414517660
    CWIP332121516112119
    Investments796194234305386473
    Other Assets644626794853900810849915
    Total Assets9889811.2k1.4k1.6k1.7k1.9k2.1k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating1131213613713620668
    Cash from Investing-51-20-52-312-158-212-197
    Cash from Financing-38-924216-256146
    SummaryCapital Expenditure
    Free Cash Flow4081-136362-2-47
    FCF Margin

    Valuation

    Assumptions

    Current — HARSHA
    Price
    ₹431
    EPS (TTM)
    ₹17.05
    PE (TTM)
    25.3
    Profit growth
    7.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (35.0×) and current (25.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹431
    vs
    Fair value · 15% return
    ₹263
    39%Overvalued

    At 7.7% growth and a 25× exit, ₹431 only delivers your return if you pay ₹263. The price is currently baking in 18% growth.

    EPS grows 7.7%/yr for 5 years, then fades to 6% over 2, exits at 25×.

    YearGrowthEPS (₹)
    FY277.7%18.36
    FY287.7%19.78
    FY297.7%21.30
    FY307.7%22.94
    FY317.7%24.71
    FY326.9% ·fade26.40
    FY336.0% ·fade27.98

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Harsha Engineers International Limited

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