Harish Textile

Why is Harish Textile Engineers Ltd falling/rising?

As of 30-Jun, Harish Textile Engineers Ltd's stock price has risen to Rs 68.00, reflecting a 3.28% increase, driven by strong financial performance and heightened investor interest. The stock is outperforming its sector and trading above key moving averages, indicating a bullish trend.

As of 30-Jun, Harish Textile Engineers Ltd is experiencing a rise in its stock price, currently at Rs 68.00, which reflects an increase of 2.16 (3.28%). This upward movement can be attributed to several positive factors. The stock has outperformed the sector by 4.62% today and has shown consistent gains over the last three days, accumulating a total return of 4.21% during this period. <BR><BR>Moreover, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. There is also a notable increase in investor participation, with delivery volume rising by 96.05% compared to the 5-day average, suggesting heightened interest from investors.<BR><BR>Financially, the company has reported a significant growth in net profit of 22.52% and has posted positive results for the last five consecutive quarters. With a return on capital employed (ROCE) of 25.31% and a profit after tax (PAT) of Rs 4.38 Cr, the company's financial health appears robust. Additionally, the stock is trading at a discount compared to its peers' average historical valuations, making it an attractive investment option.<BR><BR>Overall, the combination of strong financial performance, positive market sentiment, and increased trading activity contributes to the rising stock price of Harish Textile Engineers Ltd.

Which are the latest news on Harish Textile?

Should I buy, sell or hold Harish Textile Engineers Ltd?

What does Harish Textile do?

Harish Textile Engineers Ltd is a micro-cap company specializing in textile processing and finishing machinery, with recent net sales of 36 Cr and a net profit of 2 Cr as of March 2026. The company has a market cap of INR 22 Cr and key metrics include a P/E ratio of 4.00 and a debt-equity ratio of 2.03.

Overview:<BR>Harish Textile Engineers Ltd is a leading producer of textile processing and finishing machinery in the industrial manufacturing sector, classified as a micro-cap company.<BR><BR>History:<BR>The company was incorporated on March 31, 2010. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 36 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 2 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 22 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 4.00 <BR>Industry P/E: 86 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 2.03 <BR>Return on Equity: 38.37% <BR>Price-to-Book: 1.54 <BR><BR>Contact Details:<BR>Details: No Company Details Available <BR>Registrar Address: Not available.

How big is Harish Textile?

As of 10th June, Harish Textile Engineers Ltd has a market capitalization of 22.00 Cr, with net sales of 84.54 Cr and a net loss of 64.53 Cr over the latest three quarters. Shareholder's funds are 8.89 Cr, and total assets are 76.20 Cr as of March 2025.

As of 10th June, Harish Textile Engineers Ltd has a market capitalization of 22.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest quarterly performance, the sum of Net Sales for the latest three quarters is 84.54 Cr. However, the sum of Net Profit for the same period shows a loss of 64.53 Cr.<BR><BR>For the balance sheet snapshot as of March 2025, Shareholder's Funds are reported at 8.89 Cr, while Total Assets stand at 76.20 Cr.

Who are in the management team of Harish Textile?

The management team of Harish Textile includes Sandeep Gandhi (Managing Director), Hitendra Desai (Whole-time Director), Ritesh Patel, Meena Mistry, and Nainesh Trivedi (Independent Directors), Krishna Sharma (Company Secretary & Compliance Officer), and Sushmita Swarup Lunked (Additional Director).

The management team of Harish Textile includes the following individuals:<BR><BR>1. **Sandeep Gandhi** - Managing Director<BR>2. **Hitendra Desai** - Whole-time Director<BR>3. **Ritesh Patel** - Independent Director<BR>4. **Meena Mistry** - Independent Director<BR>5. **Krishna Sharma** - Company Secretary & Compliance Officer<BR>6. **Nainesh Trivedi** - Independent Director<BR>7. **Sushmita Swarup Lunked** - Additional Director<BR><BR>If you need more information about any specific member or their roles, feel free to ask!

Who are the peers of the Harish Textile?

Harish Textile's peers include Trans India, G G Dandekar, Hawa Engineers, and others, with varying management risks and growth ratings. Harish Textile has a 1-year return of -4.00%, better than Trans India's -77.49% but worse than Miven Mach. Tool's 41.00%.

Peers: The peers of Harish Textile are Trans India, G G Dandekar, Hawa Engineers, Miven Mach. Tool, Polymechplast Ma, Iykot Hitech, Benara Bearings, Veejay Lak. Eng., and Quality RO Indu.<BR><BR>Quality Snapshot: Excellent management risk is observed at Hawa Engineers, while Average management risk is found at G G Dandekar, Polymechplast Ma, and Harish Textile. Below Average management risk is noted at Trans India, Iykot Hitech, Benara Bearings, Veejay Lak. Eng., and Quality RO Indu. Growth is rated as Good for Harish Textile, Average for Hawa Engineers, and Below Average for G G Dandekar, Polymechplast Ma, Trans India, Iykot Hitech, Benara Bearings, Veejay Lak. Eng., and the rest. Capital Structure is rated as Good for G G Dandekar and Polymechplast Ma, Below Average for Harish Textile, Trans India, Hawa Engineers, Iykot Hitech, Benara Bearings, Veejay Lak. Eng., and Quality RO Indu.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Miven Mach. Tool at 41.00%, while the peer with the lowest is Trans India at -77.49%. Harish Textile's 1-year return is -4.00%, which is significantly better than Trans India but worse than Miven Mach. Tool. Additionally, the six-month return is negative for Trans India, G G Dandekar, Hawa Engineers, Polymechplast Ma, Benara Bearings, Veejay Lak. Eng., and Quality RO Indu.

When is the next results date for Harish Textile Engineers Ltd?

The next results date for Harish Textile Engineers Ltd is 13 February 2026.

The next results date for Harish Textile Engineers Ltd is scheduled for 13 February 2026.

Are Harish Textile Engineers Ltd latest results good or bad?

Harish Textile Engineers Ltd's latest results show a return to profitability with a net profit of ₹2.18 crores and modest revenue growth, but concerns remain due to low operating margins, high debt levels, and significant stock underperformance, indicating caution for potential investors.

Harish Textile Engineers Ltd has shown a mixed financial performance in its latest results. On the positive side, the company has returned to profitability with a net profit of ₹2.18 crores in H1 FY26, marking a significant improvement after years of losses. Additionally, the revenue for FY25 was ₹132 crores, reflecting a modest year-on-year growth of 0.8%. The return on capital employed (ROCE) has also reached a record high of 20.04%, indicating better capital efficiency.<BR><BR>However, there are notable concerns. The company's operating margins remain low at just 3.8%, and it has a high debt-to-equity ratio of 3.94x, which poses a significant leverage risk. The interest coverage ratio is concerning as well, averaging only 0.96 times, suggesting that operating profits barely cover interest expenses. Furthermore, the stock has underperformed significantly, declining 33.06% over the past year, which raises questions about investor confidence.<BR><BR>In summary, while there are signs of operational improvement and a return to profitability, the structural weaknesses related to high debt and low margins indicate that the overall results are not entirely positive. Caution is warranted for potential investors given the financial fragility and market performance.

Is Harish Textile overvalued or undervalued?

As of December 3, 2025, Harish Textile is considered very attractive and undervalued with a low PE ratio of 6.55, an EV to EBITDA ratio of 5.40, and a PEG ratio of 0.02, especially when compared to peers like LMW and Bajaj Steel Industries, despite a year-to-date return of -22.43% against the Sensex's 8.92%, while showing a strong long-term performance of 312.7% over five years.

As of 3 December 2025, Harish Textile's valuation grade has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued, supported by a low PE ratio of 6.55, an EV to EBITDA ratio of 5.40, and a PEG ratio of just 0.02, which suggests strong growth potential relative to its price. <BR><BR>In comparison to its peers, Harish Textile stands out with its favorable ratios; for instance, LMW is classified as very expensive with a PE ratio of 133.33, while Bajaj Steel Industries, which is attractive, has a PE of 17.99. This stark contrast highlights Harish Textile's undervaluation in the industrial manufacturing sector. Additionally, while the stock has underperformed year-to-date with a return of -22.43% compared to the Sensex's 8.92%, its long-term performance over five years shows a remarkable return of 312.7%, reinforcing its potential for recovery and growth.

How has been the historical performance of Harish Textile?

Harish Textile's financial performance in March 2020 showed net sales of 153.56 crore against high expenditures, resulting in a profit after tax of -92.14 crore and an EPS of -28.19. The company faced significant losses, with total liabilities and assets both at 72.57 crore and a negative cash flow trend.

Answer:<BR>The historical performance of Harish Textile shows significant challenges, particularly in the fiscal year ending March 2020, where the company reported a net sales figure of 153.56 crore. Despite this revenue, the total expenditure was high at 143.13 crore, leading to an operating profit (PBDIT) of only 10.43 crore. The company faced substantial interest expenses of 48.80 crore, resulting in a profit before tax of -87.14 crore and a profit after tax of -92.14 crore. The earnings per share (EPS) was reported at -28.19, indicating a loss per share. The operating profit margin stood at 6.79%, while the profit after tax margin was notably negative at -60.0%. <BR><BR>In terms of balance sheet metrics, Harish Textile's total liabilities amounted to 72.57 crore in March 2020, with total assets at the same figure, indicating a challenging financial position. The company had a book value per share of 21.98. Over the years, the company has seen fluctuations in its total reserves, which were 385.37 crore in March 2020. The cash flow results also reflect difficulties, with a net cash outflow of 0.00 in March 2020, following a trend of negative cash flow from operating activities in previous years. Overall, Harish Textile's financial performance has been marked by significant losses and a challenging operational environment. <BR><BR>Breakdown:<BR>Harish Textile's financial performance in March 2020 reveals a net sales figure of 153.56 crore, but the company faced high total expenditures of 143.13 crore, resulting in an operating profit of only 10.43 crore. The substantial interest expenses of 48.80 crore led to a profit before tax of -87.14 crore and a profit after tax of -92.14 crore, with an EPS of -28.19. The operating profit margin was 6.79%, while the profit after tax margin was -60.0%. On the balance sheet, total liabilities and total assets were both reported at 72.57 crore, with total reserves at 385.37 crore. The book value per share was 21.98. Cash flow results indicated a net cash outflow of 0.00, following a trend of negative cash flow from operating activities in prior years, highlighting the company's ongoing financial difficulties.

What is the technical trend for Harish Textile?

As of June 5, 2025, Harish Textile shows a mildly bullish trend overall, supported by weekly MACD and Bollinger Bands, despite mixed signals from monthly indicators and some short-term weakness in daily moving averages.

As of 5 June 2025, the technical trend for Harish Textile has changed from sideways to mildly bullish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals across time frames. The Bollinger Bands are bullish on both weekly and monthly charts, supporting the bullish outlook. The KST is mildly bullish weekly and bullish monthly, further reinforcing the positive trend. However, daily moving averages are mildly bearish, indicating some short-term weakness. Overall, the current technical stance is mildly bullish, driven primarily by the weekly MACD and Bollinger Bands.

Who are the top shareholders of the Harish Textile?

The top shareholder of Harish Textile is Sandeep Kirtikumar Gandhi, holding 48.1%, followed by Ram Pal Naraniwal with 2.76%. Individual investors own 45.73%, with no pledged promoter holdings or significant mutual fund and foreign institutional investor involvement.

The top shareholders of Harish Textile include Sandeep Kirtikumar Gandhi, who holds the largest stake at 48.1%. The next significant public shareholder is Ram Pal Naraniwal, with a holding of 2.76%. Additionally, individual investors collectively own 45.73% of the company. There are no pledged promoter holdings, and the company has minimal mutual fund involvement, with only two schemes holding a total of 0.05%. Currently, there are no foreign institutional investors (FIIs) holding shares in Harish Textile.

Has Harish Textile declared dividend?

No Dividend History Available