Harsha Engineers Key Ratios
NSE: HARSHA | BSE: 543600
₹438.85
As on 28-Aug-2026IST
Market cap
₹3,995 Cr
Revenue (TTM)
₹1,719 Cr
P/E Ratio
25.8
P/B Ratio
2.8
Div. Yield
0.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -3.48 | 25.22 | 20.22 | 9.36 | 13.24 |
| EBIT | -11.51 | 19.53 | 50.19 | 11.71 | 17.28 |
| Net Profit | -20.86 | -1.45 | 88.62 | 9.74 | 27.85 |
| EPS | -20.85 | -1.45 | 69.59 | 9.74 | 13.41 |
| Book Value | -- | -- | 11.78 | 9.43 | 14.25 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 10.09 | 10.26 | 11.74 | 11.41 | 9.55 |
| Net Margin
| 7.76 | 7.79 | 8.83 | 9.28 | 6.18 |
| Return on equity
| 9.66 | 12.93 | 11.39 | 11.69 | 7.36 |
| Return on Capital
| 12.38 | 14.47 | -- | 14.36 | 10.32 |
| Return on Assets
| 7.05 | 7.84 | 8.23 | 8.26 | 5.48 |
| Debt to Equity (x)
| -- | -- | 0.14 | 0.26 | 0.16 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
--
|
14.36
|
10.32
|
12.46
|
17.07
|
|
Peer Median
|
--
|
19.14
|
21.06
|
25.61
|
--
|
ROE
11.39
Lower than Peers by 3.37
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
11.39
|
11.69
|
7.36
|
9.93
|
15.53
|
|
Peer Median
|
14.76
|
14.28
|
17.33
|
19.40
|
--
|
ROA
8.23
Lower than Peers by 4.26
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
8.23
|
8.26
|
5.48
|
7.40
|
9.47
|
|
Peer Median
|
12.49
|
8.48
|
10.78
|
13.44
|
--
|
EBIT Margin
11.74
Lower than Peers by 2.17
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
11.74
|
11.41
|
9.55
|
9.30
|
10.97
|
|
Peer Median
|
13.91
|
13.07
|
14.36
|
13.13
|
--
|
Net Margin
8.83
Lower than Peers by 2.51
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
8.83
|
9.28
|
6.18
|
7.82
|
8.82
|
|
Peer Median
|
11.34
|
10.63
|
11.26
|
12.40
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
--
|
12.32
|
9.14
|
10.79
|
11.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
20.22
Higher than Peers by 12.27
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
20.22
|
15.57
|
1.10
|
2.07
|
3.22
|
|
Peer Median
|
7.95
|
14.37
|
6.81
|
7.22
|
--
|
EBIT Growth
50.19
Higher than Peers by 47.22
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
50.19
|
38.08
|
3.80
|
-13.49
|
12.30
|
|
Peer Median
|
2.98
|
14.72
|
5.18
|
1.26
|
--
|
Net Profit Growth
88.62
Higher than Peers by 83.42
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
88.62
|
73.78
|
-19.85
|
-9.61
|
34.07
|
|
Peer Median
|
5.20
|
23.81
|
-1.07
|
6.02
|
--
|
EPS Growth
69.59
Higher than Peers by 65.85
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
69.59
|
73.78
|
-19.85
|
-9.61
|
13.76
|
|
Peer Median
|
3.74
|
23.81
|
-14.57
|
5.86
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
--
|
11.78
|
6.78
|
9.78
|
106.35
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.14
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
0.14
|
0.26
|
0.16
|
0.15
|
0.17
|
|
Peer Median
|
--
|
--
|
0.01
|
0.01
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
--
|
0.11
|
0.08
|
0.14
|
0.15
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.60
Lower than Peers by 0.32
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
2.60
|
2.60
|
3.27
|
2.91
|
2.90
|
|
Peer Median
|
2.91
|
2.26
|
2.84
|
2.92
|
--
|
Quick Ratio
1.70
Lower than Peers by 0.17
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
1.70
|
1.70
|
2.21
|
1.94
|
1.81
|
|
Peer Median
|
1.86
|
1.60
|
1.88
|
1.91
|
--
|
Interest Coverage
12.02
Lower than Peers by 123.06
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
12.02
|
14.24
|
16.47
|
15.00
|
11.55
|
|
Peer Median
|
135.09
|
88.30
|
109.09
|
109.01
|
--
|
Operating Efficiency
Debtors to sales
21.99
Higher than Peers by 3.14
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
21.99
|
23.23
|
21.50
|
22.91
|
20.55
|
|
Peer Median
|
18.85
|
21.99
|
18.39
|
17.14
|
--
|
Asset Turnover
0.91
Lower than Peers by 0.07
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
0.91
|
0.87
|
0.87
|
0.93
|
1.05
|
|
Peer Median
|
0.99
|
1.05
|
0.99
|
1.05
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
--
|
75.82
|
79.84
|
78.27
|
75.34
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
--
|
81.09
|
88.31
|
95.41
|
100.69
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
--
|
75.06
|
71.51
|
58.79
|
74.46
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
--
|
81.86
|
96.64
|
114.89
|
101.58
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
25.83
Lower than Peers by 11.09
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
25.83
|
18.44
|
38.10
|
32.74
|
24.75
|
|
Peer Median
|
36.92
|
36.92
|
25.80
|
30.44
|
--
|
Price / Book Value
2.78
Lower than Peers by 2.79
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
2.78
|
2.04
|
2.71
|
3.11
|
2.85
|
|
Peer Median
|
5.56
|
5.56
|
2.67
|
5.26
|
--
|
Dividend Yield
0.34
Lower than Peers by 0.52
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
0.34
|
0.48
|
0.27
|
0.25
|
0.30
|
|
Peer Median
|
0.86
|
0.34
|
0.94
|
0.58
|
--
|
EV/EBITDA
15.18
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
15.18
|
11.46
|
16.57
|
18.42
|
14.12
|
|
Peer Median
|
--
|
22.07
|
18.63
|
25.97
|
--
|
Market Cap
3,995
Lower than Peers by 739
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Harsha Engineers
|
3,995
|
2,862
|
3,403
|
3,648
|
3,051
|
|
Peer Median
|
4,734
|
4,734
|
5,399
|
11,090
|
--
|