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Employees: 3,284
Size Harsha Engineers International (HARSHA.NS) is an India Industrials company (Metal Fabrication) with a market value of $440M, the 895th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹457.15 on 6 Nov 2026.
Performance Over six months the shares gained 4.2%, against -23.1% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 20.2% over the last twelve months (peer median +7.9%); the operating margin is 12.4% (peer median 5.8%).
Valuation It trades at 22.9× forward earnings against a peer median of 15.4× (4th most expensive of 10).
Capital Return on invested capital runs 0.3 points below its cost of capital (11.7% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹17.2B | ₹16.2B | ₹14.0B | ₹13.8B | ₹13.5B |
| Revenue growth | — | +16% | +1% | +2% | — |
| Gross profit | ₹5.55B | ₹2.86B | ₹2.50B | ₹2.10B | ₹2.36B |
| EBITDA | ₹2.64B | ₹2.33B | ₹1.70B | ₹1.61B | ₹1.79B |
| Net income | ₹1.55B | ₹1.55B | ₹893M | ₹1.11B | ₹1.23B |
| Free cash flow | n/a | -₹557M | ₹13.8M | ₹653M | ₹478M |
| Capital expenditure | n/a | ₹1.20B | ₹2.09B | ₹745M | ₹764M |
| Total debt | n/a | ₹3.72B | ₹2.00B | ₹1.77B | ₹1.82B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HARSHA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | -12.3% | 3rd highest of 21 |
| 6-month return | +4.2% | -23.1% | 2nd highest of 20 |
| Distance from 52-week high | -5.7% | -37.6% | 2nd highest of 21 |
| Revenue growth (TTM) | +20.2% | +7.9% | 7th highest of 21 |
| Operating margin | 12.4% | 5.8% | 7th highest of 21 |
| Forward P/E | 22.9× | 15.4× | 4th most expensive of 10 |
| ROIC minus cost of capital | -0.3 pp | -0.8 pp | 11th highest of 21 |
| EV / EBITDA | 15.8× | 11.7× | 4th most expensive of 12 |
| Net debt / EBITDA | 0.3× | -0.3× | 7th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Harsha Engineers International HARSHA.NS | India | $440M | +4% | +20% | 12% | 22.9× | n/a | n/a |
| Shenzhen Zhilai Sci & Tech 300771.SZ | China | $437M | -28% | +10% | 6% | n/a | 6.9% | -10.4% |
| Guangdong Yangshan United Precision Manufacturing 001268.SZ | China | $445M | -28% | -14% | -5% | n/a | n/a | n/a |
| Qingdao Huijintong Power Equipment 603577.SS | China | $431M | -23% | -16% | 4% | n/a | 13.1% | +16.7% |
| SUNG KWANG BEND 014620.KS | South Korea | $421M | -54% | +10% | 15% | 15.8× | -5.0% | +6.3% |
| Oiles 6282.T | Japan | $473M | -5% | +1% | 10% | n/a | -5.7% | +5.4% |
| CompX International CIX | United States | $477M | +63% | +6% | 16% | n/a | 6.6% | +6.7% |
| Ryobi 5851.T | Japan | $486M | -5% | +3% | 4% | 7.4× | 4.3% | +12.6% |
| W&B Technology 7744.TWO | Taiwan | $396M | -29% | +177% | 26% | 13.0× | 6.7% | +49.1% |
| Hvm 295310.KS | South Korea | $389M | -53% | +75% | 8% | 38.9× | n/a | n/a |
| San Shing Fastech 5007.TW | Taiwan | $500M | -3% | -4% | 18% | 15.4× | -5.1% | +4.1% |
| CMR Green Technologies CMRGREEN.NS | India | $502M | n/a | +29% | 4% | n/a | n/a | n/a |
| Anhui Xinbo Aluminum 003038.SZ | China | $379M | -29% | +6% | -3% | 6.3× | n/a | n/a |
| Earth-Panda Advanced Magnetic Material 688077.SS | China | $378M | -27% | +36% | 2% | n/a | n/a | n/a |
| Insteel Industries IIIN | United States | $518M | -1% | +14% | 5% | 13.7× | 1.4% | +4.6% |
| Suzhou Xianglou New Material 301160.SZ | China | $519M | -22% | +2% | 13% | 26.9× | 14.3% | +16.2% |
| Hunan Huamin 300345.SZ | China | $521M | -8% | -17% | -25% | 147.5× | n/a | n/a |
| SF Oilless Bearing 300817.SZ | China | $524M | -21% | +25% | 8% | n/a | n/a | n/a |
| Taiwan Steel Union 6581.TW | Taiwan | $363M | 0% | +6% | 46% | n/a | -7.6% | +6.4% |
| Shanghai Yongmaotai Automotive Technology 605208.SS | China | $537M | -26% | +13% | 1% | n/a | n/a | n/a |
| Jiangsu Fasten 000890.SZ | China | $359M | -64% | +30% | -10% | n/a | 29.1% | -7.8% |