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Harsha Engineers International (HARSHA)₹451.85−1.97%Other Industrial Products
In the Jun 2026 quarter (consolidated), Harsha Engineers International reported sales of ₹457 Cr, up 25.1% from Jun 2025, and net profit of ₹36.99 Cr, down 2.7% year on year. For the year to Mar 2026, sales were ₹1,626 Cr and net profit ₹155 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 339 | 324 | 380 | 343 | 353 | 339 | 373 | 365 | 378 | 409 | 474 | 457 |
| Expenses | 305 | 286 | 327 | 289 | 312 | 297 | 339 | 311 | 326 | 353 | 401 | 391 |
| Operating Profit | 35.03 | 40.01 | 55.06 | 55.08 | 42.05 | 43.01 | 35.01 | 55.06 | 54.08 | 57.06 | 73.01 | 67.09 |
| OPM % | 9.9% | 11.9% | 14.0% | 15.9% | 11.9% | 12.9% | 9.0% | 15.0% | 14.0% | 13.9% | 14.9% | 14.9% |
| Other Income | 7.01 | 11.01 | 8.02 | 8.01 | 12.02 | 7.01 | −17.03 | 11.02 | 10.01 | 7.02 | 11.01 | 5.01 |
| Interest | 1.99 | 2.99 | 2.99 | 2.99 | 2.99 | 1.99 | 0.99 | 2.99 | 2.99 | 4.99 | 5.99 | 5.99 |
| Depreciation | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 11.01 | 11.01 | 12.02 | 13.02 | 14.01 |
| Profit before tax | 29.89 | 37.88 | 48.86 | 49.87 | 40.89 | 36.85 | 6.97 | 52.84 | 49.82 | 46.83 | 64.79 | 52.79 |
| Tax % | 31.0% | 22.1% | 26.0% | 28.1% | 29.0% | 28.0% | 133.1% | 29.1% | 26.1% | 29.0% | 28.0% | 29.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −18.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 20.01 | 30.01 | 36.99 | 35.99 | 28.99 | 27.01 | −2.01 | 38.01 | 35.98 | 34.02 | 46.99 | 36.99 |
| EPS (Rs) | 2.23 | 3.25 | 4.03 | 3.95 | 3.17 | 2.92 | −0.25 | 4.16 | 3.99 | 3.68 | 5.18 | 4.10 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 886 | 874 | 1,320 | 1,365 | 1,393 | 1,409 | 1,626 | 1,718 |
| Expenses | 800 | 754 | 1,154 | 1,177 | 1,224 | 1,236 | 1,391 | 1,471 |
| Operating Profit | 86.04 | 122 | 169 | 190 | 171 | 175 | 240 | 251 |
| OPM % | 9.9% | 14.0% | 12.9% | 14.0% | 12.0% | 11.9% | 14.9% | 14.6% |
| Other Income | 13.01 | 3.01 | 17.03 | 29.06 | 30.06 | 10.02 | 38.04 | 33.05 |
| Interest | 32.93 | 29.92 | 24.94 | 15.97 | 10.98 | 8.98 | 15.98 | 19.96 |
| Depreciation | 35.05 | 34.01 | 35.03 | 36.04 | 39.03 | 41.02 | 47.06 | 50.06 |
| Profit before tax | 31.90 | 60.79 | 127 | 167 | 151 | 135 | 214 | 214 |
| Tax % | 31.0% | 25.0% | 27.0% | 26.0% | 26.0% | 34.1% | 28.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | −16.94 | 15.94 | 0.00 |
| Net Profit | 21.99 | 45.05 | 92.10 | 123 | 111 | 89.08 | 155 | 154 |
| EPS (Rs) | 4.37 | 9.07 | 11.87 | 13.50 | 12.21 | 9.80 | 17.02 | 16.95 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 7.0% | 8.0% | 10.0% | 9.0% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 50.03 | 50.06 | 77.07 | 91.08 | 91.06 | 91.08 | 91.14 |
| Reserves | 322 | 377 | 445 | 981 | 1,084 | 1,163 | 1,312 |
| Borrowings | 419 | 357 | 385 | 182 | 177 | 200 | 372 |
| Other Liabilities | 196 | 196 | 251 | 190 | 214 | 235 | 292 |
| Total Liabilities | 987 | 981 | 1,157 | 1,444 | 1,566 | 1,690 | 2,067 |
| Fixed Assets | 335 | 343 | 357 | 388 | 419 | 415 | 661 |
| CWIP | 3.01 | 3.01 | 2.01 | 12.01 | 15.01 | 161 | 19.02 |
| Investments | 7.01 | 9.01 | 6.01 | 194 | 235 | 305 | 474 |
| Other Assets | 643 | 625 | 792 | 851 | 898 | 808 | 912 |
| Inventories | 232 | 268 | 376 | 377 | 354 | 334 | 394 |
| Trade receivables | 238 | 213 | 282 | 279 | 318 | 302 | 377 |
| Cash & equivalents | 56.94 | 44.94 | 38.96 | 134 | 122 | 75.99 | 44.96 |
| Total Assets | 987 | 981 | 1,157 | 1,444 | 1,566 | 1,690 | 2,067 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 113 | 121 | 35.91 | 137 | 136 | 205 | 67.76 |
| Cash from investing activity | −51.06 | −20.01 | −52.04 | −312 | −158 | −212 | −197 |
| Cash from financing activity | −38.10 | −92.20 | 4.01 | 217 | −25.07 | 6.02 | 146 |
| Net cash flow | 24.02 | 9.01 | −12.01 | 41.02 | −47.05 | 0.00 | 17.99 |
| Capex | 72.95 | 39.98 | 49.93 | 73.91 | 74.90 | 209 | 120 |
| Free cash flow | 39.98 | 81.01 | −12.99 | 63.01 | 61.99 | −1.99 | −46.96 |
| CFO / OP % | 146.1% | 100.1% | 40.1% | 92.0% | 101.1% | 141.1% | 54.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 98 | 89 | 78 | 75 | 84 | 78 | 85 |
| Inventory days | 184 | 234 | 184 | 186 | 165 | 164 | 168 |
| Days payable | 89 | 103 | 90 | 58 | 62 | 77 | 83 |
| Cash conversion cycle | 195 | 223 | 174 | 205 | 188 | 167 | 172 |
| Working capital days | 33 | 55 | 71 | 96 | 100 | 97 | 91 |
| ROCE % | — | 12.0% | 18.0% | 17.0% | 12.0% | 12.0% | 13.0% |
For the Jun 2026 quarter, Harsha Engineers International reported sales of ₹457 Cr, up 25.1% year on year and net profit of ₹36.99 Cr, down 2.7% year on year. The operating margin was 14.9%.
Harsha Engineers International's sales for the year to Mar 2026 were ₹1,626 Cr; over the last twelve months they were ₹1,718 Cr.
Net profit for the year to Mar 2026 was ₹155 Cr, and ₹154 Cr over the last twelve months. Earnings per share over the same trailing period were ₹16.95.
Harsha Engineers International reported borrowings of ₹372 Cr at Mar 2026, against cash and equivalents of ₹44.96 Cr.
Cash from operations was ₹67.76 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹46.96 Cr.