Harish Textile

Why is Harish Textile Engineers Ltd falling/rising?

As of 09-Jun, Harish Textile Engineers Ltd's stock price is declining at 66.08, down 0.63%. Despite strong financial results and long-term gains, short-term performance is weak, with significant drops in investor participation and a recent underperformance compared to its sector.

As of 09-Jun, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at 66.08, which reflects a change of -0.42 (-0.63%). Despite the stock's positive performance over the longer term, including a year-to-date increase of 6.80% compared to a -13.26% decline in the Sensex, it has underperformed in the short term. Specifically, the stock has fallen by 0.05% over the past month and has a one-year return of -8.17%.<BR><BR>Today's performance indicates that the stock has underperformed its sector by 0.54%. Additionally, there has been a significant drop in investor participation, with delivery volume on June 8 falling by 99.83% against the five-day average, suggesting decreased interest from investors. <BR><BR>While the company has reported strong financial results, including a 22.52% growth in net profit and a remarkable 197.35% increase in profit after tax over the last six months, these positive factors have not translated into immediate stock price appreciation. The stock is trading above its moving averages, indicating some underlying strength, but the lack of liquidity and falling investor participation are contributing to the current decline in price.

Which are the latest news on Harish Textile?

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 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 does Harish Textile do?

Harish Textile Engineers Ltd manufactures textile processing and finishing machinery and is classified as a micro-cap company. As of March 2025, it reported net sales of 327 Cr and a net profit of 15 Cr, with a market cap of INR 21 Cr.

Overview:<BR>Harish Textile Engineers Ltd is a manufacturing organization specializing in textile processing and finishing machinery, operating within the industrial manufacturing sector and classified as a micro-cap company.<BR><BR>History:<BR>Harish Textile Engineers Ltd was incorporated on March 31, 2010. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>Net Sales: 327 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 15 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 21 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 21.00 <BR>Industry P/E: 90 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 3.85 <BR>Return on Equity: 2.59% <BR>Price to Book: 2.25 <BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

Who are in the management team of Harish Textile?

As of March 2022, the management team of Harish Textile includes Sandeep Gandhi (Managing Director), Hitendra Desai (Whole-time Director), Ritesh Patel, Meena Mistry, Nainesh Trivedi (Independent Directors), Krishna Sharma (Company Secretary & Compliance Officer), and Sushmita Swarup Lunked (Additional Director). They oversee the company's operations and governance.

As of March 2022, 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>These members play various roles in overseeing the company's operations and governance.

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.

how big is Harish Textile?

As of Mar'24, Harish Textile Engineers Ltd has a market capitalization of 24.00 Cr, with shareholder's funds at 9.25 Cr and total assets of 77.61 Cr. The company reported net sales of 84.54 Cr and a net profit of -64.53 Cr over the last three quarters.

Market Cap: Harish Textile Engineers Ltd has a market capitalization of 24.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest three quarters, which includes Jun'20, Mar'20, and Jun'19, is 84.54 Cr. The sum of Net Profit for the same quarters is -64.53 Cr. This data is presented on a Consolidated basis.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the reporting period of Mar'24. The Shareholder's Funds are valued at 9.25 Cr, while the Total Assets amount to 77.61 Cr.

Has Harish Textile declared dividend?

No Dividend History Available

Who are the peers of the Harish Textile?

Harish Textile's peers include Kaynes Tech, Honeywell Auto, Jyoti CNC Auto, LMW, Jupiter Wagons, Sterling Powerg., Lippi Systems, Arrowhead Sepera, and Rajasthan Cylind. Harish Textile has below-average management risk and growth, with a 1-year return of 30.91%, higher than Honeywell Auto but lower than Kaynes Tech.

Peers: The peers of Harish Textile are Kaynes Tech, Honeywell Auto, Jyoti CNC Auto., LMW, Jupiter Wagons, Sterling Powerg., Lippi Systems, Arrowhead Sepera, and Rajasthan Cylind.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kaynes Tech and Jyoti CNC Auto., while Good management risk is found at Honeywell Auto and Arrowhead Sepera. Average management risk is seen at LMW, Jupiter Wagons, and Falcon, and the rest have Below Average management risk, including Harish Textile, Sterling Powerg., Lippi Systems, Rajasthan Cylind. For Growth, Excellent growth is noted at Kaynes Tech and Jyoti CNC Auto., while Average growth is seen at Honeywell Auto and Jupiter Wagons. Below Average growth is present at Harish Textile, Sterling Powerg., Lippi Systems, LMW, and Rajasthan Cylind. In terms of Capital Structure, Excellent capital structure is found at Honeywell Auto and LMW, Good at Jyoti CNC Auto., while Below Average capital structure is observed at Harish Textile, Sterling Powerg., Lippi Systems, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Kaynes Tech at 65.93%, while the lowest is Honeywell Auto at -26.32%. Harish Textile's 1-year return of 30.91% is higher than Honeywell Auto but lower than Kaynes Tech. Additionally, several peers, including Sterling Powerg., Arrowhead Sepera, and Rajasthan Cylind, have negative six-month returns.