Check Before You Invest : Harmony Capital Services Ltd

Q: Which industry/sub-sector does Harmony Capital Services Ltd belong to?

Harmony Capital Services Ltd belongs to the BFSI sector, operating specifically within the Finance - Investment segment.

Q: Is Harmony Capital Services Ltd a good quality company?

Harmony Capital Services Ltd is a weak quality company, based on a inconsistent multi-year financial track record. This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

Q: Is Harmony Capital Services Ltd undervalued or overvalued?

Harmony Capital Services Ltd appears Fair, as its key valuation ratios are in line with their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 342.88, Historic Median: -. Price to Book, Current: 10.45, Historic Median: 9.97. Price to Sales, Current: -, Historic Median: 7.86. EV to EBITDA, Current: 342.69, Historic Median: 94.44

Q: Is Harmony Capital Services Ltd a good buy now?

Harmony Capital Services Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Q: Total Income growth of Harmony Capital Services Ltd?

Harmony Capital Services Ltd Operating Income growth is -100% for FY-2025, which is below its --year CAGR of N/A%, indicating slower growth.

Q: Does its ROIC exceed its WACC?

Harmony Capital Services Ltd return on invested capital (ROIC) is -58.2% for FY-2025, is lower than its estimated weighted average cost of capital (WACC) of 14%, indicating value erosion.

Q: Total Asset growth of Harmony Capital Services Ltd?

Harmony Capital Services Ltd Total Asset growth is 10.26% for FY-2025, which is above its 0-year CAGR of 8.2%, indicating faster growth.

Q: AUM Growth of Harmony Capital Services Ltd vs Industry Peers?

Harmony Capital Services Ltd AUM CAGR is %, compared to the 0-year industry median CAGR of %, indicating stable growth and maintaining its market share.

Q: Profit metrics (NPM, PPOP, RoA) of Harmony Capital Services Ltd vs industry peers

Harmony Capital Services Ltd profit metrics are in line with the industry median level of 0%, indicating similar profitability compared to peers. Profit Metrics. NPM (%), Current: -, Industry Median: -. PPOP (%), Current: -, Industry Median: -. RoA (%), Current: -, Industry Median: -

Q: Operating efficiency of Harmony Capital Services Ltd vs industry peers?

Harmony Capital Services Ltd ROCE (-3.9) is below the industry median of (); while the current ROE (3.28) are above than the 5-year average Industry ROE (). This shows that the business is positioned in the middle quartile of the industry. Operating Efficiency. NPM (%), Current: -, Industry Median: -. PPOP (%), Current: -, Industry Median: -. RoA (%), Current: -, Industry Median: -. ROCE (%), Current: -58.2, Industry Median: -. ROE (%), Current: -, Industry Median: -

Check Before You Invest : Harmony Capital Services Ltd

BSE: 530055 NSE: ISIN: INE264N01017

| Sector: BFSI | Industry: Finance - Investment

Snapshot

Q.1 Which industry/sub-sector does Harmony Capital Services Ltd belong to?

Harmony Capital Services Ltd belongs to the BFSI sector, operating specifically within the Finance - Investment segment.

Q.2 Is Harmony Capital Services Ltd a good quality company?

Harmony Capital Services Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

Q.3 Is Harmony Capital Services Ltd undervalued or overvalued?

Harmony Capital Services Ltd appears Fair, as its key valuation ratios are in line with their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	0-year Historic Median
Price to Earnings	342.88	-
Price to Book	10.45	9.97
Price to Sales	-	7.86
EV to EBITDA	342.69	94.44

Q.4 Is Harmony Capital Services Ltd a good buy now?

Harmony Capital Services Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

A: What are the trends in income and profitability?

Q.1 Total Income growth of Harmony Capital Services Ltd?

Harmony Capital Services Ltd Operating Income growth is -100% for FY-2025, which is below its --year CAGR of N/A%, indicating slower growth.

Q.2 Does its ROIC exceed its WACC?

Harmony Capital Services Ltd return on invested capital (ROIC) is -58.2% for FY-2025, is lower than its estimated weighted average cost of capital (WACC) of 14%, indicating value erosion.

B: Does the bank grow efficiently and manage its operating costs?

Q.3 Total Asset growth of Harmony Capital Services Ltd?

Harmony Capital Services Ltd Total Asset growth is 10.26% for FY-2025, which is above its 0-year CAGR of 8.2%, indicating faster growth.

Ownership & governance

D: Promoter shareholding and pledge status of Harmony Capital Services Ltd?

Q.1 Promoter shareholding and pledge status of Harmony Capital Services Ltd?

Promoters hold 56.65% of the Harmony Capital Services Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Harmony Capital Services Ltd performance compare with that of its Peers?

Q.1 AUM Growth of Harmony Capital Services Ltd vs Industry Peers?

Harmony Capital Services Ltd AUM CAGR is %, compared to the 0-year industry median CAGR of %, indicating stable growth and maintaining its market share.

Q.2 Profit metrics (NPM, PPOP, RoA) of Harmony Capital Services Ltd vs industry peers

Harmony Capital Services Ltd profit metrics are in line with the industry median level of 0%, indicating similar profitability compared to peers.

Profit Metrics

	Current Level	0-year Industry Median
NPM (%)	-	-
PPOP (%)	-	-
RoA (%)	-	-

Q.3 Operating efficiency of Harmony Capital Services Ltd vs industry peers?

Harmony Capital Services Ltd ROCE (-3.9) is below the industry median of (); while the current ROE (3.28) are above than the 5-year average Industry ROE (). This shows that the business is positioned in the middle quartile of the industry.

Operating Efficiency

	Current Level	0-year Industry Median
NPM (%)	-	-
PPOP (%)	-	-
RoA (%)	-	-
ROCE (%)	-58.2	-
ROE (%)	-	-

Valuation & price assessment

Q.1 Stock return of Harmony Capital Services Ltd over the last decade?

Over the last 9 years, the stock has delivered a CAGR of 31% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	31%	78.3%	85.7%	95.7%

Q.2 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	0-year Historic Median	0-year Industry Median
Price to Earnings	342.88	-	-
Price to Book	10.45	9.97	-
Price to Sales	-	7.86	-
EV to EBITDA	342.69	94.44	-

Q.3 Valuation ratios of Harmony Capital Services Ltd vs historical and industry averages?

The current Price-to-Book (P/B) ratio of 10.45 is lower than its historical median of 9.97, indicating that the stock is trading below its historical average valuation.

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Check Before You Invest : Harmony Capital Services Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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