Harish Textile

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

INR

65.90

2.23 (3.5%)

BSENSE

Dec 23

BSE+NSE Vol: 189

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    "name": "Harish Textile",
    "stock_name": "Harish Textile",
    "full_name": "Harish Textile Engineers Ltd",
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    "currency": "INR",
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    "chgp": "3.5%",
    "dir": 1,
    "prev_price": "63.67",
    "mcapval": "21.98 Cr",
    "mcap": "Micro Cap",
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    "ind_name": "Industrial Manufacturing",
    "ind_code": 64,
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    "curr_date": "Dec 23",
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    "bse_nse_vol": 189,
    "exc_status": "Active",
    "traded_date": "Dec 23, 2025",
    "traded_date_str": "2025 12 23",
    "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-3764380",
        "imagepath": "",
        "date": "2025-12-20 02:33:32",
        "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>Harish Textile’s shares opened sharply lower, registering a gap down of 7.38% at the start of trading on 19-Dec. The stock touched an intraday low of ₹60.20, reflecting persistent selling pressure throughout the session. The weighted average price indicates that a greater volume of shares exchanged hands closer to the day’s low, suggesting that sellers dominated the market sentiment. This price action contrasts with the broader market, where the Sensex showed only a marginal decline of 0.40% over the past week, highlighting the stock’s relative weakness.</p>\n<p>Over the past week and month, Harish Textile has underperformed the benchmark index, declining by 2.24% and 4.70% respectively, while the Sensex remained relatively stable with ..."
      },
      {
        "title": "Harish Textile Sees Revision in Market Evaluation Amid Mixed Financial Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/harish-textile-upgraded-from-strong-sell-to-sell-by-marketsmojo-on-18-sep-2025-3753379",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/HarishTextile_mojoScore_3753379.png",
        "date": "2025-12-09 10:10:07",
        "description": "Harish Textile's market evaluation has undergone a revision reflecting nuanced changes across its financial and technical parameters. The microcap industrial manufacturing company’s recent assessment highlights a complex interplay of valuation appeal and operational challenges, set against a backdrop of subdued market performance."
      },
      {
        "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..."
      }
    ],
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    "sid": "1003145",
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  },
  "announcements": [
    {
      "caption": "Intimation Of Delay In Redemption Of Series IV Non-Convertible Debentures (Ncds) Due On 20Th December 2025",
      "datetime": "20-Dec-2025",
      "details": "Please find enclosed herewith intimation of delay in Redemption of Series IV NCD due on 20-12-2025",
      "source": "BSE"
    },
    {
      "caption": "Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations 2015 Held On 20Th December 2025",
      "datetime": "20-Dec-2025",
      "details": "we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. Saturday 20th December 2025 at the registered office of the Company located at 2nd Floor 19 Parsi Panchayat Road Andheri (East) Mumbai-400069 inter alia noted that the Company has been unable to redeem its 7% Unlisted Secured Unrated Redeemable Non-Convertible Debentures (Series-IV Debenture) amounting to Rs. 14678900 which were due for redemption today i.e. 20th December 2025.",
      "source": "BSE"
    },
    {
      "caption": "Announcement under Regulation 30 (LODR)-Meeting Updates",
      "datetime": "16-Dec-2025",
      "details": "Intimation regarding Adjournment of Meeting of Debenture Holders convened by the Debenture Trustee on 22nd December 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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News and Views

Why is Harish Textile falling/rising?

2025-12-20 02:33:32

Recent Price Movement and Market Context

Harish Textile’s shares opened sharply lower, registering a gap down of 7.38% at the start of trading on 19-Dec. The stock touched an intraday low of ₹60.20, reflecting persistent selling pressure throughout the session. The weighted average price indicates that a greater volume of shares exchanged hands closer to the day’s low, suggesting that sellers dominated the market sentiment. This price action contrasts with the broader market, where the Sensex showed only a marginal decline of 0.40% over the past week, highlighting the stock’s relative weakness.

Over the past week and month, Harish Textile has underperformed the benchmark index, declining by 2.24% and 4.70% respectively, while the Sensex remained relatively stable with ...

Harish Textile Sees Revision in Market Evaluation Amid Mixed Financial Signals

2025-12-09 10:10:07

Harish Textile's market evaluation has undergone a revision reflecting nuanced changes across its financial and technical parameters. The microcap industrial manufacturing company’s recent assessment highlights a complex interplay of valuation appeal and operational challenges, set against a backdrop of subdued market performance.

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...

View All News

Announcement

Intimation Of Delay In Redemption Of Series IV Non-Convertible Debentures (Ncds) Due On 20Th December 2025

20-Dec-2025 | Source : BSE

Please find enclosed herewith intimation of delay in Redemption of Series IV NCD due on 20-12-2025

Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations 2015 Held On 20Th December 2025

20-Dec-2025 | Source : BSE

we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. Saturday 20th December 2025 at the registered office of the Company located at 2nd Floor 19 Parsi Panchayat Road Andheri (East) Mumbai-400069 inter alia noted that the Company has been unable to redeem its 7% Unlisted Secured Unrated Redeemable Non-Convertible Debentures (Series-IV Debenture) amounting to Rs. 14678900 which were due for redemption today i.e. 20th December 2025.