Debut Plus

₹427.45

▲ +2.8 +0.66%

17 Jul 2026

NSE Listed

Harsha Engineers Int Ltd. (HARSHA)

Volume: 1,32,623Avg Vol 1W: 1,27,790.2Avg Vol 1M: 2,32,663.852W Range:₹313.3₹469
NSE BSE www.harshaengineers.com
Key Ratios
Checked 21h ago
Market Cap₹3,792 Cr
Current Price₹427.45
Previous Close₹424.65
High / Low (52w)₹469 / ₹313.3
Volume1,32,623
Avg Vol (1W)1,27,790.2
Avg Vol (1M)2,32,663.8
Stock P/E38.1
Book Value₹137.76
Dividend Yield—
ROE8.8%
ROA—
Revenue (TTM)₹1,445 Cr
Revenue Growth—
Profit Margin—
Total Debt₹95 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹9.81
P/B2.71
Debt / Equity0.16
50 DMA₹413.34
200 DMA₹387.91
Day change+0.66%
Price Chart
₹427.45▲ 3.52% · 1Y
₹439₹31422.9L
2025-07-16
2026-07-15

20-day avg volume: 2.3L shares

Pros
  • Company is almost debt-free.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹343 Cr₹353 Cr₹339 Cr₹373 Cr₹365 Cr₹378 Cr₹409 Cr₹474 Cr
EBITDA₹53 Cr₹44 Cr₹39 Cr₹36 Cr₹56 Cr₹53 Cr₹52 Cr₹71 Cr
Net Profit₹36 Cr₹29 Cr₹27 Cr₹-2 Cr₹38 Cr₹36 Cr₹34 Cr₹47 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹900 Cr₹877 Cr₹1,339 Cr₹1,394 Cr₹1,422 Cr₹1,445 Cr₹1,665 Cr
EBITDA₹64 Cr₹91 Cr₹151 Cr₹183 Cr₹162 Cr₹172 Cr₹232 Cr
Net Profit₹22 Cr₹45 Cr₹92 Cr₹123 Cr₹111 Cr₹89 Cr₹155 Cr
EPS3.525.8811.914.5912.249.8117.05
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹973 Cr₹981 Cr₹1,158 Cr₹1,445 Cr₹1,567 Cr₹1,691 Cr₹2,067 Cr
Total Liabilities₹601 Cr₹554 Cr₹636 Cr₹373 Cr₹391 Cr₹437 Cr₹665 Cr
Equity₹372 Cr₹427 Cr₹522 Cr₹1,072 Cr₹1,175 Cr₹1,254 Cr₹1,402 Cr
Total Debt———————
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹126 Cr₹122 Cr₹68 Cr₹175 Cr₹172 Cr₹248 Cr₹129 Cr
Investing₹-65 Cr₹-20 Cr₹-52 Cr₹-312 Cr₹-158 Cr₹-212 Cr₹-197 Cr
Financing₹-38 Cr₹-92 Cr₹4 Cr₹216 Cr₹-25 Cr₹6 Cr₹146 Cr
Free Cash Flow₹126 Cr₹122 Cr₹68 Cr₹175 Cr₹172 Cr₹248 Cr₹129 Cr
Shareholding
Promoter 75% Institutions 14.81% Public 10.19%
Efficiency & Working Capital
ROCE13%
Interest Coverage12.9
Dividend Payout—
Debtor Days85 d
Inventory Days88 d
Payable Days43 d
Cash Conversion Cycle130 d
Working Capital Days173 d
Shareholding Details

As of 2026-06-30

Promoter75%
FII1.8%
DII13%
Institutions14.8%
Public10.2%
Promoter Pledge0%
No. of Shareholders68,521
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters74.6%74.6%74.6%74.6%74.6%74.6%74.6%74.7%75%75%75%75%
FIIs1.9%1.6%1.6%0.8%0.6%0.6%0.5%0.9%0.4%0.4%2.4%1.8%
DIIs9.2%7.5%7.4%8.7%8.8%8.7%8.6%11.9%12.5%12.4%12.4%13%
Public14.3%16.2%16.3%15.9%16%16.1%16.2%12.5%12.1%12.2%10.2%10.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders99,27496,52891,10778,30779,50077,77177,35278,46474,88672,68870,61568,521
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Shah Rajendra ShantilalShareholding of Promoter and Promoter Group13.2%1.20 Cr
Harish RangwalaShareholding of Promoter and Promoter Group12.3%1.12 Cr
Rangwala Charusheela HarishShareholding of Promoter and Promoter Group11.5%1.04 Cr
Vishal Harish RangwalaShareholding of Promoter and Promoter Group8.5%77,69,829
Pilak Rajendra ShahShareholding of Promoter and Promoter Group8%72,89,503
Dsp Small Cap FundPublic Shareholding7.7%69,91,662
Shah Nirmala RajendraShareholding of Promoter and Promoter Group6.7%61,28,049
Tanvi Vishal RangwalaShareholding of Promoter and Promoter Group5%45,39,663
Nippon Life India Trustee Ltd-a/c Nippon India Small Cap FundPublic Shareholding4.5%41,36,864
Mili Mehta Family Trust - ( Trustee - Rajendra Shah And Nirmala Shah )Shareholding of Promoter and Promoter Group3.7%33,96,327
Hetal Manish NaikShareholding of Promoter and Promoter Group3.7%33,96,006
Shah Vaishali PilakShareholding of Promoter and Promoter Group2.1%19,24,571
Vishal Rangwala Family Trust - ( Trustee - Charusheela Rangwala)Shareholding of Promoter and Promoter Group0.1%89,432
Munjal Rangwala Family Trust-( Trustee - Harish Rangwala)Shareholding of Promoter and Promoter Group0.1%89,432
Pilak Shah Family Trust- ( Trustee - Nirmala Shah And Pilak Shah)Shareholding of Promoter and Promoter Group0%321
Hetal Ukani Family Trust - ( Trustee - Rajendra Shah & Hetal NaikShareholding of Promoter and Promoter Group0%321
First Light Asset Management Private LimitedShareholding of Promoter and Promoter Group0%0
Daylight Solar Private LimitedShareholding of Promoter and Promoter Group0%0
Advantterra Capital Management LlpShareholding of Promoter and Promoter Group0%0
Hues Hub Online Private LimitedShareholding of Promoter and Promoter Group0%0
Meghna Organisers Private LimitedShareholding of Promoter and Promoter Group0%0
Tridym Infrastructures Private LimitedShareholding of Promoter and Promoter Group0%0
Harsha Engineers International Limited Group Gratuity TrustShareholding of Promoter and Promoter Group0%0
Rameshbhai Gafurbhai ShahShareholding of Promoter and Promoter Group0%100
Shah Jyotsana HarshadShareholding of Promoter and Promoter Group0%7
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Shah Rajendra Shantilal00%2026-06-30
Harish Rangwala00%2026-06-30
Rangwala Charusheela Harish00%2026-06-30
Vishal Harish Rangwala00%2026-06-30
Pilak Rajendra Shah00%2026-06-30
Shah Nirmala Rajendra00%2026-06-30
Tanvi Vishal Rangwala00%2026-06-30
Hetal Manish Naik00%2026-06-30
Shah Vaishali Pilak00%2026-06-30
Rameshbhai Gafurbhai Shah00%2026-06-30
Shah Jyotsana Harshad00%2026-06-30
Sharadchandra Pandhi00%2026-06-30
Board of Directors
NameDesignationYear
Rajendra ShahChairman & Exec. Director2026
Harish RangwalaExecutive Director & MD2026
Pilak Rajendra ShahNon Independent Executive Director / WTD / COO2026
Vishal RangwalaNon Independent Executive Director / WTD / CEO2026
Hetal Manish NaikWhole Time Executive Director2026
BHUSHAN CHELARAM PUNANIIndependent Non Exe. Director2026
Ramakrishnan KasinathanIndependent Non Exe. Director2026
Ambar J PatelIndependent Non Exe. Director2026
Kunal Dilipbhai ShahIndependent Non Exe. Director2026
Priyanka Agarwal ChopraIndependent Non Exe. Director2026
Kiran MohantyCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Engineering & Others₹1,045 Cr85.1%
Solar-EPC and O&M₹183 Cr14.9%
Segments — Geography
RegionRevenueShare
India₹749 Cr61%
Outside India₹479 Cr39%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹101009191
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-09Dividend (1.5/- per share)Final
dividend2026-07-09₹1.5 (15%)Final
dividend2025-08-29₹1 (10%)Final
forthcoming—Book ClosureAGM
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026120001835173
20261050002107
202610018322
Substantial Acquisitions (SAST)

8 disclosure(s)

Market28/07/2025 · 8,129
Market27/06/2025 - 30/06/2025 · 52,872
Market03/06/2025 · 7,85,228
Market12/09/2023 - 25/04/2024 · 19,40,809
Off Market Gift22/11/2023 · 14,71,435
Off Market Gift22/11/2023 · 14,71,756
Company Information
Incorporated2010
ChairmanRajendra Shah
AuditorMukesh M Shah & Co/Talati & Talati LLP
Investor Email[email protected]
🌐 www.harshaengineers.com ↗

📍 NH-8A Sarkhej-Bavla Highway, Changodar, Ahmedabad, Gujarat, 382213

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