In the latest quarter, Harish Textile Engineers recorded a financial trend score that moved from flat to very positive, with the score rising to 23 from 17 over the preceding three months. This change signals a revision in its financial parameter evaluation, highlighting specific areas of strength in the company’s recent performance.
The company’s Profit After Tax (PAT) for the latest six months stood at ₹2.18 crores, marking a significant figure in its earnings profile. Return on Capital Employed (ROCE) for the half-year period reached 20.04%, the highest recorded in recent times, indicating efficient utilisation of capital resources. Additionally, the Profit Before Depreciation, Interest, and Tax (PBDIT) for the quarter was ₹3.15 crores, also the highest in the company’s recent quarterly history.
Operating profit to net sales ratio for the quarter was reported at 8.99%, the peak level in the company’s recent financial data, suggesting a favourable margin scenario. Furthermore, Profit Before Tax excluding other income (PBT less OI) for the quarter was ₹1.45 crores, another peak figure that underscores the company’s operational profitability.
However, not all parameters reflected positive movement. The Debtors Turnover Ratio for the half-year was at 4.60 times, the lowest in the recent period, indicating a slower collection cycle compared to previous intervals. This aspect may warrant attention as it could impact working capital management.
Harish Textile Engineers’ stock price closed at ₹61.05, down from the previous close of ₹62.70 on the day of reporting. The stock’s 52-week high and low prices stand at ₹102.60 and ₹52.40 respectively, with the day’s trading range between ₹61.05 and ₹62.51. The stock experienced a day change of -2.63%, reflecting some volatility amid the broader market context.
When compared with the benchmark Sensex, Harish Textile Engineers’ returns present a mixed picture. Over the past week and month, the stock outperformed the Sensex, with returns of 1.75% and 1.77% respectively, against the Sensex’s 0.53% and 1.15%. However, year-to-date and one-year returns show a contrasting trend, with the stock posting -27.15% and -33.06% respectively, while the Sensex recorded positive returns of 8.67% and 9.46% over the same periods.
Longer-term returns reveal a different narrative. Over three years, Harish Textile Engineers delivered a return of 61.08%, surpassing the Sensex’s 37.71%. The five-year return is particularly notable at 353.57%, significantly higher than the Sensex’s 94.76%. Data for the ten-year return is not available for the stock, while the Sensex’s ten-year return stands at 228.60%.
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Harish Textile Engineers operates within the Industrial Manufacturing sector, which has faced varied headwinds and tailwinds in recent quarters. The company’s recent financial trend adjustment to very positive contrasts with its previous flat trend, signalling a revision in its evaluation parameters. This shift is supported by the highest recorded quarterly and half-yearly profitability and efficiency metrics, as outlined above.
Despite the positive quarterly financial indicators, the stock’s recent price performance and year-to-date returns suggest that market sentiment remains cautious. The divergence between short-term stock returns and the broader Sensex index highlights the challenges faced by the company in aligning market valuation with its operational performance.
Investors analysing Harish Textile Engineers should consider the company’s operational profitability metrics alongside its working capital efficiency, particularly the debtor turnover ratio, which remains at a lower level. This factor may influence liquidity and cash flow dynamics in the near term.
Furthermore, the company’s market capitalisation grade remains modest at 4, reflecting its micro-cap status within the Industrial Manufacturing sector. The Mojo Score currently stands at 43.0, with a recent adjustment in its grade from Strong Sell to Sell as of 18 September 2025, indicating a revision in its overall evaluation framework.
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In summary, Harish Textile Engineers’ recent quarterly financial performance presents a positive adjustment in its financial trend parameters, supported by peak profitability and efficiency figures. However, the company’s stock price and returns relative to the Sensex indicate ongoing market challenges and cautious investor sentiment. The lower debtor turnover ratio also suggests areas for operational focus.
For investors and market participants, these developments underscore the importance of a balanced approach when analysing Harish Textile Engineers, considering both its operational metrics and market valuation context within the Industrial Manufacturing sector.
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