Why is Harish Textile Engineers Ltd ?
1
High Debt company with Weak Long Term Fundamental Strength
- Poor long term growth as Net Sales has grown by an annual rate of 11.10% over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) of 3.59 times
- The company has been able to generate a Return on Equity (avg) of 9.72% signifying low profitability per unit of shareholders funds
2
With a growth in Net Profit of 22.52%, the company declared Very Positive results in Mar 26
- The company has declared positive results for the last 5 consecutive quarters
- ROCE(HY) Highest at 25.31%
- NET SALES(Q) Highest at Rs 36.36 cr
- PAT(Q) Highest at Rs 1.85 cr.
3
With ROCE of 25, it has a Very Attractive valuation with a 1.2 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 3.53%, its profits have risen by 530%
4
Majority shareholders : Non Institution
5
Consistent Returns over the last 3 years
- Along with generating 3.53% returns in the last 1 year, the stock has outperformed BSE500 in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Harish Textile should be less than 10%
- Overall Portfolio exposure to Industrial Manufacturing should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Manufacturing)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Harish Textile for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Harish Textile
3.53%
0.06
57.25%
Sensex
-7.92%
-0.61
13.09%
Quality key factors
Factor
Value
Sales Growth (5y)
11.10%
EBIT Growth (5y)
52.02%
EBIT to Interest (avg)
1.23
Debt to EBITDA (avg)
6.00
Net Debt to Equity (avg)
2.03
Sales to Capital Employed (avg)
2.70
Tax Ratio
25.03%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.05%
ROCE (avg)
10.98%
ROE (avg)
9.72%
Valuation Key Factors 
Factor
Value
P/E Ratio
4
Industry P/E
87
Price to Book Value
1.52
EV to EBIT
4.69
EV to EBITDA
4.04
EV to Capital Employed
1.17
EV to Sales
0.37
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
25.03%
ROE (Latest)
38.37%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Sideways
Moving Averages
Bullish (Daily)
KST
Bullish
Bearish
Dow Theory
Mildly Bullish
Mildly Bullish
Technical Movement
21What is working for the Company
ROCE(HY)
Highest at 25.31%
NET SALES(Q)
Highest at Rs 36.36 cr
PAT(Q)
Highest at Rs 1.85 cr.
EPS(Q)
Highest at Rs 5.54
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Loading Valuation Snapshot...
Here's what is working for Harish Textile
Net Sales - Quarterly
Highest at Rs 36.36 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 1.85 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 5.54
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)






