Harish Textile

Market Cap: Micro Cap
Industry: Industrial Manufacturing
ISIN: INE01K301012
NSEID:
BSEID: 542682

INR

64.98

3.78 (6.18%)

BSENSE

Dec 05

BSE+NSE Vol: 20

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    "sid": 1003145,
    "name": "Harish Textile",
    "stock_name": "Harish Textile",
    "full_name": "Harish Textile Engineers Ltd",
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    "cmp": "64.98",
    "chg": 3.78,
    "chgp": "6.18%",
    "dir": 1,
    "prev_price": "61.20",
    "mcapval": "22.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 542682,
    "symbol": "",
    "ind_name": "Industrial Manufacturing",
    "ind_code": 64,
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    "isin": "INE01K301012",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": 20,
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
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  "news": {
    "results": [
      {
        "title": "Why is Harish Textile falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-harish-textile-fallingrising-3747407",
        "imagepath": "",
        "date": "2025-12-05 01:14:57",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Context</strong></p>\n<p>The stock has been on a downward trajectory for the past two days, accumulating a loss of 7.24% over this short period. This recent weakness contrasts sharply with the broader market, as the Sensex has remained relatively stable, registering only a marginal decline of 0.53% over the past week. Harish Textile’s one-week return of -8.60% significantly underperforms the benchmark, signalling investor caution or profit-taking in the stock.</p>\n<p>Intraday trading on 04-Dec saw the stock touch a low of ₹61.20, which also represents the closing price, indicating sustained selling pressure throughout the day. The weighted average price suggests that a larger volume of shares exchanged hands near this low point, reinforcing the bearish sentime..."
      },
      {
        "title": "Is Harish Textile overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-harish-textile-overvalued-or-undervalued-3745742",
        "imagepath": "",
        "date": "2025-12-04 08:51:13",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Valuation Metrics Indicate Undervaluation</strong></p>\n<p>Harish Textile’s price-to-earnings (PE) ratio stands at a modest 6.55, significantly lower than many of its industry peers. This low PE ratio implies that the market is pricing the company’s earnings conservatively, potentially overlooking its intrinsic value. The price-to-book (P/B) ratio of 1.96 further supports this view, indicating the stock is trading at less than twice its net asset value, which is reasonable for a company with strong returns on equity.</p>\n<p>Enterprise value multiples also reinforce the undervaluation thesis. The EV to EBIT ratio of 6.56 and EV to EBITDA ratio of 5.40 are notably lower than those of comparable firms, many of which trade at multiples several times higher. This suggests that Harish Textile’s ope..."
      },
      {
        "title": "Harish Textile Engineers Valuation Shifts Highlight Price Attractiveness Amid Market Dynamics",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/harish-textile-engineers-valuation-turns-very-attractive-amid-mixed-returns-3745194",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/HarishTextileEn_valuationdot_3745194.png",
        "date": "2025-12-04 08:01:48",
        "description": "Harish Textile Engineers has experienced a notable shift in its valuation parameters, reflecting a change in market assessment that positions the stock as highly attractive relative to its industrial manufacturing peers. This article analyses the recent adjustments in key financial metrics such as price-to-earnings (P/E) and price-to-book value (P/BV) ratios, comparing them with historical trends and sector benchmarks to provide a comprehensive view of the stock’s current price attractiveness."
      },
      {
        "title": "Harish Textile Engineers Valuation Metrics Reflect Shift in Market Assessment",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/harish-textile-engineers-valuation-shifts-signal-renewed-price-attractiveness-amid-mixed-returns-3727303",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HarishTextileEn_valuationdot_3727303.png",
        "date": "2025-11-25 08:00:53",
        "description": "Harish Textile Engineers, a key player in the industrial manufacturing sector, has experienced a notable revision in its valuation parameters, signalling a shift in market assessment. The company’s price-to-earnings (P/E) ratio and price-to-book value (P/BV) metrics now indicate a more attractive pricing environment relative to its historical and peer benchmarks, prompting renewed investor attention amid mixed returns over recent periods."
      },
      {
        "title": "Harish Textile Engineers Reports Very Positive Quarterly Financial Trend Amid Market Challenges",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/harish-textile-engineers-reports-very-positive-financial-trend-amidst-market-challenges-3715256",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HarishTextileEn_fintrenddot_3715256.png",
        "date": "2025-11-19 12:00:10",
        "description": "Harish Textile Engineers, a key player in the Industrial Manufacturing sector, has exhibited a very positive shift in its financial trend for the quarter ending September 2025. This adjustment in evaluation reflects notable quarterly performance metrics, contrasting with its historical trend and broader market movements."
      },
      {
        "title": "Harish Textile Engineers Q2 FY26: Profitability Returns Amid Mounting Debt Concerns",
        "link": "https://www.marketsmojo.com/news/result-analysis/harish-textile-engineers-q2-fy26-profitability-returns-amid-mounting-debt-concerns-3721674",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HarishTextileEn_quaterlyResult_3721674.png",
        "date": "2025-11-19 10:54:22",
        "description": "Harish Textile Engineers Limited, a micro-cap textile machinery manufacturer with a market capitalisation of ₹21.00 crores, has returned to profitability in recent quarters after years of losses, but the company's heavy debt burden and deteriorating stock performance raise serious concerns about sustainability. Trading at ₹61.05 as of November 19, 2025, the stock has plummeted 33.06% over the past year, significantly underperforming both the Sensex (+9.26%) and its Industrial Manufacturing sector peers (-4.31%)."
      },
      {
        "title": "Is Harish Textile overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-harish-textile-overvalued-or-undervalued-3713752",
        "imagepath": "",
        "date": "2025-11-19 08:12:34",
        "description": "As of 18 November 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 PE ratio of 6.32, an EV to EBITDA of 5.33, and a PEG ratio of 0.02, which suggests that the stock is trading at a low price relative to its earnings growth potential.\n\nIn comparison to its peers, Harish Textile stands out with a much lower PE ratio than LMW, which is very expensive at 135.11, and Bajaj Steel Industries, which has a PE of 19.29. Additionally, the EV to EBITDA ratio of 5.33 is significantly more favorable than that of Integra Engineering at 21.58. Despite a challenging year-to-date return of -25.18% compared to the Sensex's 8.36%, the long-term performance over three years shows a robust return of 65.44%, reinforcing the undervaluation narrative...."
      },
      {
        "title": "Is Harish Textile overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-harish-textile-overvalued-or-undervalued-3710207",
        "imagepath": "",
        "date": "2025-11-18 08:29:43",
        "description": "As of 17 November 2025, Harish Textile's valuation grade has moved from very attractive to attractive, indicating a shift in perception regarding its market value. The company is currently considered undervalued, with a PE ratio of 6.44, an EV to EBIT of 6.57, and an EV to EBITDA of 5.41. These figures suggest that the stock is trading at a significant discount compared to its earnings and cash flow potential.\n\nIn comparison to its peers, Harish Textile's valuation metrics stand out, particularly against LMW, which is deemed very expensive with a PE ratio of 139.43, and Bajaj Steel Industries, which is also attractive with a PE of 19.61. The PEG ratio for Harish Textile is notably low at 0.02, further supporting the undervaluation narrative. Despite a challenging year-to-date return of -23.74% compared to the Sensex's 8.72%, the long-term performance over five years shows a remarkable return of 393.51%, rei..."
      },
      {
        "title": "Harish Textile Engineers Adjusts Valuation Amid Competitive Industry Landscape",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/harish-textile-engineers-valuation-grade-downgraded-from-very-attractive-to-attractive-3710079",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/HarishTextileEn_valuationdot_3710079.png",
        "date": "2025-11-18 08:03:30",
        "description": "Harish Textile Engineers, a microcap in industrial manufacturing, has adjusted its valuation, showing a P/E ratio of 6.44 and a low PEG ratio of 0.02, indicating potential undervaluation. With strong ROCE and ROE figures, the company presents an attractive option compared to higher-valued peers in the industry."
      }
    ],
    "total": 231,
    "sid": "1003145",
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  },
  "announcements": [
    {
      "caption": "Announcement under Regulation 30 (LODR)-Meeting Updates",
      "datetime": "25-Nov-2025",
      "details": "Intimation regarding meeting of NCD Holders convened by the Debenture Trustee to be held on 15th December 2025",
      "source": "BSE"
    },
    {
      "caption": "Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations).",
      "datetime": "21-Nov-2025",
      "details": "Please find enclosed herewith the intimation for Legal Notice received in compliance to Regulation 30.",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Newspaper Publication",
      "datetime": "17-Nov-2025",
      "details": "Please find enclosed herewith Newspaper Advertisement for Adoption of Un-Audited Financial Results for second quarter and half year ended on 30th September 2025.",
      "source": "BSE"
    }
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  "corporate_actions": [
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      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
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      "img": "bonus.svg",
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News and Views

Why is Harish Textile falling/rising?

2025-12-05 01:14:57

Recent Price Movement and Market Context

The stock has been on a downward trajectory for the past two days, accumulating a loss of 7.24% over this short period. This recent weakness contrasts sharply with the broader market, as the Sensex has remained relatively stable, registering only a marginal decline of 0.53% over the past week. Harish Textile’s one-week return of -8.60% significantly underperforms the benchmark, signalling investor caution or profit-taking in the stock.

Intraday trading on 04-Dec saw the stock touch a low of ₹61.20, which also represents the closing price, indicating sustained selling pressure throughout the day. The weighted average price suggests that a larger volume of shares exchanged hands near this low point, reinforcing the bearish sentime...

Is Harish Textile overvalued or undervalued?

2025-12-04 08:51:13

Valuation Metrics Indicate Undervaluation

Harish Textile’s price-to-earnings (PE) ratio stands at a modest 6.55, significantly lower than many of its industry peers. This low PE ratio implies that the market is pricing the company’s earnings conservatively, potentially overlooking its intrinsic value. The price-to-book (P/B) ratio of 1.96 further supports this view, indicating the stock is trading at less than twice its net asset value, which is reasonable for a company with strong returns on equity.

Enterprise value multiples also reinforce the undervaluation thesis. The EV to EBIT ratio of 6.56 and EV to EBITDA ratio of 5.40 are notably lower than those of comparable firms, many of which trade at multiples several times higher. This suggests that Harish Textile’s ope...

Harish Textile Engineers Valuation Shifts Highlight Price Attractiveness Amid Market Dynamics

2025-12-04 08:01:48

Harish Textile Engineers has experienced a notable shift in its valuation parameters, reflecting a change in market assessment that positions the stock as highly attractive relative to its industrial manufacturing peers. This article analyses the recent adjustments in key financial metrics such as price-to-earnings (P/E) and price-to-book value (P/BV) ratios, comparing them with historical trends and sector benchmarks to provide a comprehensive view of the stock’s current price attractiveness.

Harish Textile Engineers Valuation Metrics Reflect Shift in Market Assessment

2025-11-25 08:00:53

Harish Textile Engineers, a key player in the industrial manufacturing sector, has experienced a notable revision in its valuation parameters, signalling a shift in market assessment. The company’s price-to-earnings (P/E) ratio and price-to-book value (P/BV) metrics now indicate a more attractive pricing environment relative to its historical and peer benchmarks, prompting renewed investor attention amid mixed returns over recent periods.

Harish Textile Engineers Reports Very Positive Quarterly Financial Trend Amid Market Challenges

2025-11-19 12:00:10

Harish Textile Engineers, a key player in the Industrial Manufacturing sector, has exhibited a very positive shift in its financial trend for the quarter ending September 2025. This adjustment in evaluation reflects notable quarterly performance metrics, contrasting with its historical trend and broader market movements.

Harish Textile Engineers Q2 FY26: Profitability Returns Amid Mounting Debt Concerns

2025-11-19 10:54:22

Harish Textile Engineers Limited, a micro-cap textile machinery manufacturer with a market capitalisation of ₹21.00 crores, has returned to profitability in recent quarters after years of losses, but the company's heavy debt burden and deteriorating stock performance raise serious concerns about sustainability. Trading at ₹61.05 as of November 19, 2025, the stock has plummeted 33.06% over the past year, significantly underperforming both the Sensex (+9.26%) and its Industrial Manufacturing sector peers (-4.31%).

Is Harish Textile overvalued or undervalued?

2025-11-19 08:12:34

As of 18 November 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 PE ratio of 6.32, an EV to EBITDA of 5.33, and a PEG ratio of 0.02, which suggests that the stock is trading at a low price relative to its earnings growth potential. In comparison to its peers, Harish Textile stands out with a much lower PE ratio than LMW, which is very expensive at 135.11, and Bajaj Steel Industries, which has a PE of 19.29. Additionally, the EV to EBITDA ratio of 5.33 is significantly more favorable than that of Integra Engineering at 21.58. Despite a challenging year-to-date return of -25.18% compared to the Sensex's 8.36%, the long-term performance over three years shows a robust return of 65.44%, reinforcing the undervaluation narrative....

Is Harish Textile overvalued or undervalued?

2025-11-18 08:29:43

As of 17 November 2025, Harish Textile's valuation grade has moved from very attractive to attractive, indicating a shift in perception regarding its market value. The company is currently considered undervalued, with a PE ratio of 6.44, an EV to EBIT of 6.57, and an EV to EBITDA of 5.41. These figures suggest that the stock is trading at a significant discount compared to its earnings and cash flow potential. In comparison to its peers, Harish Textile's valuation metrics stand out, particularly against LMW, which is deemed very expensive with a PE ratio of 139.43, and Bajaj Steel Industries, which is also attractive with a PE of 19.61. The PEG ratio for Harish Textile is notably low at 0.02, further supporting the undervaluation narrative. Despite a challenging year-to-date return of -23.74% compared to the Sensex's 8.72%, the long-term performance over five years shows a remarkable return of 393.51%, rei...

Harish Textile Engineers Adjusts Valuation Amid Competitive Industry Landscape

2025-11-18 08:03:30

Harish Textile Engineers, a microcap in industrial manufacturing, has adjusted its valuation, showing a P/E ratio of 6.44 and a low PEG ratio of 0.02, indicating potential undervaluation. With strong ROCE and ROE figures, the company presents an attractive option compared to higher-valued peers in the industry.

View All News

Announcement

Announcement under Regulation 30 (LODR)-Meeting Updates

25-Nov-2025 | Source : BSE

Intimation regarding meeting of NCD Holders convened by the Debenture Trustee to be held on 15th December 2025

Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations).

21-Nov-2025 | Source : BSE

Please find enclosed herewith the intimation for Legal Notice received in compliance to Regulation 30.

Announcement under Regulation 30 (LODR)-Newspaper Publication

17-Nov-2025 | Source : BSE

Please find enclosed herewith Newspaper Advertisement for Adoption of Un-Audited Financial Results for second quarter and half year ended on 30th September 2025.