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Harshdeep Hortico Ltd (544105)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544105 NSE: Plastic Products | Small Cap | Harshdeep Hortico Share Price

₹84.57 -0.62 (-0.73%)

As on 04-Sep'26 16:59

Harshdeep Hortico Ltd (544105)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544105 NSE: Plastic Products | Small Cap | Harshdeep Hortico Share Price

₹84.57 -0.62 (-0.73%)

As on 04-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹136 Cr.
Current Price
₹84.6
52-Week Low / High
₹76 / 110
TTM EPS
₹7.8
TTM Sales
₹68.7 Cr.
Book Value per Share
₹37.2
P/E Ratio
10.87
Lower than its 5-year historical median
Industry PE
38.4
Price to Book (P/B)
2.27
Lower than its 5-year historical median
Price to Sales (P/S)
1.98
Lower than its 5-year historical median
EV/EBITDA
7.03
Lower than its 5-year historical median
Dividend Yield
0.3%
Profitability Efficiency
Return on Equity (ROE)
23.33%
Outperforms industry median
Return on Capital Employed (ROCE)
29.43%
Outperforms industry median
Return on Assets (ROA)
18.33%
Operating Profit Margin
28.8%
Net Profit Margin
18.22%
Gross Profit Margin
28.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
22.11%
Operating Profit Growth (1 Year)
-
33.51%
Net Profit Growth (1 Year)
-
29.07%
Asset Quality
Promoter Holding
72.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹44 Cr.
Equity
₹16.1 Cr.
Face Value
₹10
All Time Low / High
₹39.00 / 116.00

Harshdeep Hortico stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Weak
Q.1 Is Harshdeep Hortico Ltd a good quality company?
Harshdeep Hortico Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Harshdeep Hortico Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Harshdeep Hortico Ltd vs industry peers?
Harshdeep Hortico Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 1.95%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Harshdeep Hortico Ltd?
Promoters hold 72.96% of the Harshdeep Hortico Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Harshdeep Hortico Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -20.59% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Harshdeep Hortico Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'23Mar'24Mar'25Mar'26TTM
ROCE % -5.7%50%27.1%29.4%-
Value Creation
Index
-1.42.60.91.1-

Growth Parameters

Sales 048.356.368.769
Sales YoY Gr.-NA16.6%22.1%-
Adj EPS -04.167.87.8
YoY Gr.-NA47.9%29.1%-
BVPS (₹) 0.123.129.537.237.2
Adj Net
Profit
-06.69.712.513
Cash Flow from Ops. -0-14.95.83.6-
Debt/CF from Ops. 0001.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANA22.1%
Adj EPS NANANA29.1%
BVPSNANA753%26.4%
Share Price - - - -20.6%

Key Financial Parameters

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-5.735.322.923.320.9
Op. Profit
Mgn %
022.226.328.8NAN
Net Profit
Mgn %
013.617.218.218.2
Debt to
Equity
0000.1-
Working Cap
Days
01232402750
Cash Conv.
Cycle
0661672230

Valuation of Harshdeep Hortico - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales0485669
Operating Expenses + 0384149
Manufacturing Costs0000
Material Costs0293036
Employee Cost 0234
Other Costs 0789
Operating Profit -0111520
Operating Profit Margin (%) -22.0%26.4%28.8%
Other Income + 0000
Exceptional Items 0000
Interest 0100
Depreciation 0143
Profit Before Tax -091116
Tax 0224
Profit After Tax -071013
PAT Margin (%) -13.6%17.2%18.2%
Adjusted EPS (₹)0.04.16.07.8
Dividend Payout Ratio (%)0%0%0%3.20%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 0374760
Share Capital 0161616
Reserves -0213144
Debt +0004
Long Term Debt0002
Short Term Debt0002
Minority Interest0000
Trade Payables0446
Others Liabilities 04511
Total Liabilities 0455681

Fixed Assets

Net Fixed Assets +0111217
Gross Block0121726
Accumulated Depreciation0158
CWIP 0000
Investments 0000
Inventories0122438
Trade Receivables0111320
Cash Equivalents 0221
Others Assets 01054
Total Assets 0455681
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -0-1564
PBT -091116
Adjustment 0245
Changes in Working Capital 0-24-8-14
Tax Paid 0-2-2-3
Cash Flow From Investing Activity + 0-13-5-8
Capex 0-12-5-8
Net Investments 0000
Others 0-1-00
Cash Flow From Financing Activity + 03004
Net Proceeds from Shares 03100
Net Proceeds from Borrowing 0004
Interest Paid 0-10-0
Dividend Paid 0000
Others 000-0
Net Cash Flow 020-1
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)N/A35.2422.9523.33
ROCE (%)N/A50.0227.0529.43
Asset Turnover Ratio02.151.121.01
PAT to CFO Conversion(x)N/A-2.140.60.31
Working Capital Days
Receivable Days083.3078.4087.90
Inventory Days090.80115.40164.10
Payable Days02546.1051.30

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Announcements

Harshdeep Hortico Ltd FAQs

The current trading price of Harshdeep Hortico on 04-Sep-2026 16:59 is ₹84.57.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Sep-2026 the market cap of Harshdeep Hortico stood at ₹136.1 Cr

The latest P/E ratio of Harshdeep Hortico as of 03-Sep-2026 is 10.87.

The latest P/B ratio of Harshdeep Hortico as of 03-Sep-2026 is 2.27.

The 52-week high of Harshdeep Hortico is ₹110.0 and the 52-week low is ₹75.50.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Harshdeep Hortico is ₹68.71 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Harshdeep Hortico Ltd is a below average quality company.

The key valuation ratios of Harshdeep Hortico Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Harshdeep Hortico Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Harshdeep Hortico Ltd

Harshdeep Hortico Limited was originally incorporated as a Limited Company under the name ‘Harshdeep Hortico Limited’ on December 30, 2022 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Mumbai, Maharashtra. Later, on April 03, 2023, the Company took over the business of proprietorship concern of the promoter Hitesh Chunilal Shah, namely M/s Harshdeep Agro Products along with the assets and liabilities of the proprietorship concern as going concern.

The company is primarily engaged in the business of designing, developing, manufacturing and supplying of various types of pots and planters like: plastic Indoor Planters, Outdoor Planters, Illuminated Planters, Decorative Planters, Roto Moulded Planters, Fiber Reinforced Plastic (FRP) Planters, Eco series Planters etc. along with related accessories like Garden Hose Pipe & Water Can. Apart from this recently it has also entered into the field of Roto Moulded Outdoor Furniture. The company has accreditation with ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 for quality management system from Sigma Certification Pty Ltd. The company’s product portfolio comprises of many different variants of pots, planters and related accessories which are available in multiple size and color.

The company has two manufacturing units, one is situated at Elkunde, Bhiwandi, Thane and the other one is situated at Boriaind, Daund, Pune, along with three stores located in Delhi, Pune (Maharashtra) and Rajahmundry (Andhra Pradesh). Apart from these manufacturing units and stores, it has Distributors at Hyderabad, Kolkata, Chandigarh and Visakhapatnam, who are exclusively dealing in its products. The company provides an Omni-channel experience to customers through its website, various online marketplaces such as Amazon and Flipkart, as well as, social media platforms like Facebook and Instagram to promote its products.

Business area of the company 

The company is primarily engaged in the business of designing, developing, manufacturing and supplying of various types of pots and planters like: plastic Indoor Planters, Outdoor Planters, Illuminated Planters, Decorative Planters, Roto Moulded Planters, Fiber Reinforced Plastic (FRP) Planters, Eco series Planters etc. along with related accessories like Garden Hose Pipe & Water Can.

Products of the company

  • Illuminated planters
  • Rotational moulded planter series
  • Indoor series
  • Decorative series
  • Grower planter series
  • FRP series
  • Eco series

History and milestones

  • 2002: Starting the business under proprietorship as M/s Harshdeep Agro Products by its Promoter i.e., Hitesh Chunilal Shah
  • 2022: Incorporation as Public Limited Company in the name of ‘Harshdeep Hortico Limited’ under the Companies Act, 2013.
  • 2023: Took over the business of proprietorship concern of promoter Hitesh Chunilal Shah, namely Harshdeep Agro Products.

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