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 13.92% over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at 3.94 times
- The company has been able to generate a Return on Capital Employed (avg) of 9.84% signifying low profitability per unit of total capital (equity and debt)
2
With a growth in Net Profit of 48.04%, the company declared Very Positive results in Dec 25
- The company has declared positive results for the last 4 consecutive quarters
- PAT(Latest six months) Higher at Rs 2.53 cr
- ROCE(HY) Highest at 20.04%
- PBDIT(Q) Highest at Rs 3.61 cr.
3
With ROCE of 19.1, it has a 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 -9.36%, its profits have risen by 340.1% ; the PEG ratio of the company is 0
4
Majority shareholders : Non Institution
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, Medium Return
Absolute
Risk Adjusted
Volatility
Harish Textile
-9.36%
-0.15
61.60%
Sensex
-7.06%
-0.53
13.30%
Quality key factors
Factor
Value
Sales Growth (5y)
13.92%
EBIT Growth (5y)
55.42%
EBIT to Interest (avg)
0.99
Debt to EBITDA (avg)
6.58
Net Debt to Equity (avg)
2.81
Sales to Capital Employed (avg)
2.61
Tax Ratio
20.70%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.05%
ROCE (avg)
8.84%
ROE (avg)
13.90%
Valuation Key Factors 
Factor
Value
P/E Ratio
4
Industry P/E
65
Price to Book Value
1.93
EV to EBIT
5.15
EV to EBITDA
4.40
EV to Capital Employed
1.24
EV to Sales
0.39
PEG Ratio
0.01
Dividend Yield
NA
ROCE (Latest)
19.08%
ROE (Latest)
47.06%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Bearish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bearish
Dow Theory
No Trend
Mildly Bullish
Technical Movement
24What is working for the Company
PAT(Latest six months)
Higher at Rs 2.53 cr
ROCE(HY)
Highest at 20.04%
PBDIT(Q)
Highest at Rs 3.61 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 10.21%
PBT LESS OI(Q)
Highest at Rs 2.30 cr.
NET SALES(Q)
Highest at Rs 35.35 cr
-1What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 4.60 times
Loading Valuation Snapshot...
Here's what is working for Harish Textile
Profit After Tax (PAT) - Latest six months
At Rs 2.53 cr has Grown at 286.03%
Year on Year (YoY)MOJO Watch
PAT trend is very positive
PAT (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 3.61 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term Operating Profit trend is quite positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 10.21% and Grown
each quarter in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 2.30 cr. and Grown
each quarter in the last five quartersMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Latest six months
Higher at Rs 2.53 cr
than preceding 12 month period ended Dec 2025 of Rs 1.32 crMOJO Watch
In the half year the company has already crossed PAT of the previous twelve months
PAT (Rs Cr)
Net Sales - Quarterly
Highest at Rs 35.35 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Here's what is not working for Harish Textile
Debtors Turnover Ratio- Half Yearly
Lowest at 4.60 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio






