Harish Textile

Why is Harish Textile Engineers Ltd falling/rising?

As of 01-Sep, Harish Textile Engineers Ltd is facing a decline in stock price, currently at Rs 61.01, with a total drop of -5.38% over the last two days and -8.94% over the past month. Despite positive financial results, high debt levels and weak growth prospects raise concerns about its long-term stability.

As of 01-Sep, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 61.01, reflecting a change of -0.89 (-1.44%). The stock has underperformed its sector by -1.95% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of -5.38% during this period. <BR><BR>The stock's performance over the past week shows a decrease of -1.80%, while it has fallen -8.94% over the past month. Additionally, it is trading below all significant moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. <BR><BR>Investor participation has also diminished, with delivery volume dropping by -30.44% compared to the 5-day average, suggesting reduced interest from investors. Although the company has reported positive financial results over the last six quarters, including a high return on capital employed (ROCE) of 25.31% and a significant increase in profits, the high debt levels and weak long-term growth prospects are concerning. The company's debt-to-equity ratio stands at an average of 3.59 times, which raises red flags regarding its long-term financial stability.<BR><BR>In summary, the combination of recent price declines, poor investor participation, and underlying financial concerns contribute to the current falling stock price of Harish Textile Engineers Ltd.

Which are the latest news on Harish Textile?

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, Nainesh Trivedi (all Independent Directors), Krishna Sharma (Company Secretary & Compliance Officer), and Sushmita Swarup Lunked (Additional Director). They oversee the company's strategic direction and management.

The management team of Harish Textile includes the following members:<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>This team is responsible for the strategic direction and management of the company. If you need more specific information about any of the members or their roles, feel free to ask!

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 39 Cr and a net profit of 1 Cr as of June 2026. The company has a market cap of INR 21 Cr and a P/E ratio of 4.00.

Overview:<BR>Harish Textile Engineers Ltd is a leading producer of textile processing and finishing machinery in the industrial manufacturing sector, categorized as a micro-cap company.<BR><BR>History:<BR>Harish Textile Engineers Ltd was incorporated on March 31, 2010. The latest quarterly results reported net sales and net profit for the period ending June 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 39 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: 1 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 21 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 4.00 <BR>Industry P/E: 59 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 2.03 <BR>Return on Equity: 36.57% <BR>Price-to-Book: 1.48 <BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

Who are the peers of the Harish Textile?

Harish Textile's peers include Polymechplast Ma, Misquita Engg., Harshil Agrotech, and others. Harish Textile has a 1-year return of 5.09%, outperforming Harshil Agrotech, which has the lowest return at -74.29%.

Peers: The peers of Harish Textile are Polymechplast Ma, Misquita Engg., Harshil Agrotech, Iykot Hitech, Miven Mach. Tool, Trans India, Veejay Lak. Eng., Envair Electrody, and Benara Bearings.<BR><BR>Quality Snapshot: Excellent management risk is observed at Polymechplast Ma and Harshil Agrotech, while Average management risk is found at Harish Textile and the rest. Below Average management risk is noted at Misquita Engg., Iykot Hitech, Trans India, Veejay Lak. Eng., Envair Electrody, Benara Bearings, and the rest. Growth is rated as Good for Trans India, Below Average for Polymechplast Ma, Harshil Agrotech, and Harish Textile, and Below Average for Misquita Engg., Iykot Hitech, Miven Mach. Tool, Veejay Lak. Eng., Envair Electrody, Benara Bearings, and the rest. Capital Structure is rated as Good for Polymechplast Ma and Harshil Agrotech, while Below Average is found at Harish Textile, Trans India, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Harish Textile at 5.09%, while the peer with the lowest is Harshil Agrotech at -74.29%. Harish Textile's 1-year return is significantly better than that of Harshil Agrotech. Additionally, several peers, including Trans India, Veejay Lak. Eng., Envair Electrody, and Benara Bearings, have negative six-month returns.

How big is Harish Textile?

As of 31st August, Harish Textile Engineers Ltd has a market capitalization of 21.00 Cr, with Net Sales of 84.54 Cr and a Net Profit loss of 64.53 Cr over the latest four quarters. Shareholder's Funds are 8.89 Cr and Total Assets are 76.20 Cr as of March 2025.

As of 31st August, Harish Textile Engineers Ltd has a market capitalization of 21.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 84.54 Cr. However, it experienced a loss of 64.53 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2025, where Shareholder's Funds are recorded at 8.89 Cr and Total Assets amount to 76.20 Cr.

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

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

The next results date for Harish Textile Engineers Ltd is 14 August 2026.

The next results date for Harish Textile Engineers Ltd is scheduled for 14 August 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