Why is Harsha Engineers International Ltd ?
1
Poor long term growth as Net Sales has grown by an annual rate of 3.18% and Operating profit at 1.51% over the last 5 years
2
Flat results in Dec 25
- ROCE(HY) Lowest at 11.28%
- CASH AND CASH EQUIVALENTS(HY) Lowest at Rs 22.66 cr
- DEBTORS TURNOVER RATIO(HY) Lowest at 4.25 times
3
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -6.60% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Industrial Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Harsha Engg Intl for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Harsha Engg Intl
-6.6%
-0.20
32.76%
Sensex
7.97%
0.69
11.53%
Quality key factors
Factor
Value
Sales Growth (5y)
3.18%
EBIT Growth (5y)
1.51%
EBIT to Interest (avg)
12.17
Debt to EBITDA (avg)
1.32
Net Debt to Equity (avg)
0.03
Sales to Capital Employed (avg)
1.04
Tax Ratio
32.77%
Dividend Payout Ratio
8.17%
Pledged Shares
0
Institutional Holding
12.83%
ROCE (avg)
13.38%
ROE (avg)
10.04%
Valuation Key Factors 
Factor
Value
P/E Ratio
26
Industry P/E
32
Price to Book Value
2.67
EV to EBIT
22.48
EV to EBITDA
17.60
EV to Capital Employed
2.62
EV to Sales
2.32
PEG Ratio
7.07
Dividend Yield
0.26%
ROCE (Latest)
10.71%
ROE (Latest)
9.61%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
Bullish
No Signal
Bollinger Bands
Sideways
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
Mildly Bullish
Technical Movement
6What is working for the Company
NET SALES(Q)
Highest at Rs 409.25 cr
PBDIT(Q)
Highest at Rs 57.31 cr.
PAT(Q)
At Rs 33.60 cr has Grown at 36.2% (vs previous 4Q average
-6What is not working for the Company
ROCE(HY)
Lowest at 11.28%
CASH AND CASH EQUIVALENTS(HY)
Lowest at Rs 22.66 cr
DEBTORS TURNOVER RATIO(HY)
Lowest at 4.25 times
Loading Valuation Snapshot...
Here's what is working for Harsha Engg Intl
Net Sales - Quarterly
Highest at Rs 409.25 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 57.31 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 33.60 cr has Grown at 36.2% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 24.67 CrMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Here's what is not working for Harsha Engg Intl
Cash and Cash Equivalents - Half Yearly
Lowest at Rs 22.66 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Debtors Turnover Ratio- Half Yearly
Lowest at 4.25 times
in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio






