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Harish Textile Engineers Ltd (542682)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542682 NSE: Textile - Machinery | Small Cap | Harish Textile Engin Share Price

₹64.17 -1.79 (-2.71%)

As on 04-Jun'26 16:59

Harish Textile Engineers Ltd (542682)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 542682 NSE: Textile - Machinery | Small Cap | Harish Textile Engin Share Price

₹64.17 -1.79 (-2.71%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹21 Cr.
Current Price
₹64.2
52-Week Low / High
₹52 / 76
TTM EPS
₹16.6
TTM Sales
₹138 Cr.
Book Value per Share
₹37.7
P/E Ratio
3.87
Lower than its 5-year historical median
Industry PE
102.4
Price to Book (P/B)
1.70
In line with its 5-year historical median
Price to Sales (P/S)
0.15
In line with its 5-year historical median
EV/EBITDA
3.89
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.68%
Underperforms industry median
Return on Capital Employed (ROCE)
9.83%
Underperforms industry median
Return on Assets (ROA)
0.31%
Operating Profit Margin
4%
Net Profit Margin
0.18%
Gross Profit Margin
1.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.76%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-1.31%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
48.15%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹9 Cr.
Equity
₹3.3 Cr.
Face Value
₹10
All Time Low / High
₹11.64 / 102.60

Harish Textile Engineers stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Harish Textile Engineers Ltd a good quality company?
Harish Textile Engineers Ltd is a quality company, based on a 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 Harish Textile Engineers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Harish Textile Engineers Ltd vs industry peers?
Harish Textile Engineers Ltd revenue CAGR is 9.56%, compared to the industry median CAGR of 5.58%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Harish Textile Engineers Ltd?
Promoters hold 48.15% of the Harish Textile Engineers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Harish Textile Engineers Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 6.07% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Harish Textile Engineers 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.4%24.7%15.6%13.9%12.2%15.2%12.8%10.9%10.7%9.8%-
Value Creation
Index
-0.80.80.10.0-0.10.1-0.1-0.2-0.2-0.3-

Growth Parameters

Sales 24.841.236.33883.681.8107116131132138
Sales YoY Gr.-66%-11.8%4.6%120.2%-2.2%30.6%9%12.5%0.8%-
Adj EPS -12.416.62.91.2-7.15.21.5-0.3-1.10.416.6
YoY Gr.-NA-82.7%-58.2%-692.5%NA-70.5%-121.1%NANA-
BVPS (₹) 00002227.228.728.626.126.737.7
Adj Net
Profit
-0.60.80.70.4-2.41.70.5-0.1-0.40.16
Cash Flow from Ops. 002.4-3.8-6.91.40.66.110.910.7-
Debt/CF from Ops. 003.6-3.1-3.619.572.46.63.33-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 20.4%9.6%7.3%0.8%
Adj EPS NANA-35.4%NA
BVPSNA3.9%-2.4%2.2%
Share Price - 8.4% 20.2% -7.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-65.46115.75.3-30.820.95.5-1.1-3.91.551.6
Op. Profit
Mgn %
2.66.83.65.114.26.95.44.149.2
Net Profit
Mgn %
-2.521.91.1-2.82.10.5-0.1-0.30.14
Debt to
Equity
9.24.91.31.43.43.14.24.24.13.60
Working Cap
Days
010821222615320015815313713459
Cash Conv.
Cycle
0-55-96-8213629393839-23

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales24.8041.1736.3337.9983.6481.80106.86116.44131.04132.03
Operating Expenses + 24.2238.4235.1836.0882.9578.3499.54110.13125.68126.74
Manufacturing Costs1.493.384.462.626.645.378.5410.0611.2113.01
Material Costs16.6926.6221.5623.8857.7058.0571.0575.9786.5184.37
Employee Cost 1.061.591.201.976.755.107.058.499.029.98
Other Costs 4.986.837.967.6111.869.8212.9015.6018.9419.38
Operating Profit 0.582.751.151.910.693.467.326.315.365.29
Operating Profit Margin (%) 2.3%6.7%3.2%5.0%0.8%4.2%6.9%5.4%4.1%4.0%
Other Income + 0.470.682.061.344.893.880.461.271.540.57
Exceptional Items 0000000000
Interest 0.981.301.231.133.683.474.905.285.514.03
Depreciation 0.820.931.170.782.432.102.222.201.871.68
Profit Before Tax -0.751.190.821.33-0.531.770.660.10-0.480.16
Tax -0.090.370.250.380.200.020.180.14-0.11-0.08
Profit After Tax -0.660.820.580.95-0.731.750.48-0.03-0.370.24
PAT Margin (%) -2.7%2.0%1.6%2.5%-0.9%2.1%0.5%-0.0%-0.3%0.2%
Adjusted EPS (₹)-13.216.52.42.8-2.25.31.5-0.1-1.10.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Harish Textile Engin - 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
mw4me loader

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

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 0.951.776.998.067.339.099.579.548.708.89
Share Capital 0.500.502.403.343.343.343.343.343.343.34
Reserves 0.451.274.594.7245.756.236.205.365.55
Debt +8.738.728.8210.7221.7725.1735.8535.8530.2126.38
Long Term Debt7.637.521.744.6910.5010.1014.2211.665.861.19
Short Term Debt1.111.207.096.0311.2815.0721.6224.1924.3625.19
Minority Interest0000000000
Trade Payables5.4517.4318.8717.3327.9521.6421.6721.1320.6922.86
Others Liabilities 3.388.4211.768.2215.7512.6412.0610.6618.0118.18
Total Liabilities 18.5136.3546.4344.3472.8168.5479.1577.1877.6176.31

Fixed Assets

Net Fixed Assets +5.296.7513.5817.3025.8923.8827.8026.2827.8128.01
Gross Block7.3519.8514.7518.9545.7045.5851.3751.3354.5656.33
Accumulated Depreciation2.0613.101.171.6619.8121.6923.5625.0526.7528.32
CWIP 02.892.932.9900.480.791.7100.88
Investments 6.026.236.470000000
Inventories3.635.358.859.2917.8413.4014.0919.1716.0213.35
Trade Receivables0.855.833.993.7517.8717.9220.7518.2122.3426.42
Cash Equivalents 0.090.540.060.330.700.611.680.150.260.13
Others Assets 2.638.7510.5510.6810.5112.2414.0411.6511.187.53
Total Assets 18.5136.3546.4344.3472.8168.5479.1577.1877.6176.31

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 002.43-3.76-6.881.430.556.0610.8810.67
PBT 000.821.33-0.531.770.660.10-0.480.16
Adjustment 002.101.392.852.847.167.129.136.93
Changes in Working Capital 00-0.01-6.45-9.21-2.76-6.99-1.142.373.71
Tax Paid 00-0.48-0.030.01-0.42-0.28-0.02-0.13-0.13
Cash Flow From Investing Activity + 00-2.702.27-3.33-0.45-6.74-1.78-1.46-2.40
Capex 00-2.77-4.50-6.20-0.71-6.19-1.08-1.68-2.63
Net Investments 00-0.236.47-0.480.480000
Others 000.300.303.36-0.22-0.54-0.700.220.23
Cash Flow From Financing Activity + 00-0.201.7510.09-0.597.25-5.81-9.32-8.40
Net Proceeds from Shares 000.800000000
Net Proceeds from Borrowing 0002.758.153.117.09-3.57-3.93-5.17
Interest Paid 00-1.13-0.98-2.95-3.45-4.90-5.26-5.46-3.94
Dividend Paid 0000000000
Others 000.12-0.024.89-0.265.063.020.070.71
Net Cash Flow 00-0.470.27-0.120.401.07-1.530.10-0.13

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-69.8860.613.1512.61-9.4621.375.18-0.34-4.092.68
ROCE (%)2.3724.715.5913.9112.1715.1512.8310.8810.739.83
Asset Turnover Ratio1.431.660.90.841.431.161.451.491.691.72
PAT to CFO Conversion(x)N/A04.19-3.96N/A0.821.15N/AN/A44.46
Working Capital Days
Receivable Days11.8026.8048.1037.2047.2079.9066.1061.1056.5067.40
Inventory Days503669.5087.1059.2069.7046.9052.104940.60
Payable Days119.30156.90307.20276.70143.30155.90111.30102.8088.2094.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Harish Textile Engineers Ltd FAQs

The current trading price of Harish Textile Engin on 04-Jun-2026 16:59 is ₹64.17.

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-Jun-2026 the market cap of Harish Textile Engin stood at ₹21.41 Cr

The latest P/E ratio of Harish Textile Engin as of 03-Jun-2026 is 3.87.

The latest P/B ratio of Harish Textile Engin as of 03-Jun-2026 is 1.70.

The 52-week high of Harish Textile Engin is ₹75.50 and the 52-week low is ₹52.40.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Harish Textile Engin is ₹138 ( Cr.) .

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

The key valuation ratios of Harish Textile Engineers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Harish Textile Engineers Ltd

The dawn of 60’s, witnessed a new beginning. The technical capabilities of the company were enhanced and with it, Harish started manufacturing textile machines, which were only available at Indian companies having foreign collaboration. With an aim to explore new possibilities, in 1970, Harish was converted into a private limited company with members of the Gandhi family as its Promoters and Directors. With avision to set a new benchmark, Harish added different products for the textile industry.

Since 1964, Harish was engaged in the production of Hot Air Stenters. With in-depth insights, it exported the very first Hot Air Stenter in the year 1974, and even today, this machine processes 40,000 meters of fabric per day. 

Business area of the company

The company is one of the leading producers of textile processing and finishing machinery in India. The Machinery produced by the company has found acceptance by reputed clients in India and abroad. The company has also exported its products to over 25 countries, including to a prestigious market like U.K. The company has manufacturing facilities in Umbergam and Bhilad, Gujarat.

The company is also engaged in Production of Non-woven fabrics used mainly for auto interiors and filtration and hygiene segments at its plant in Umbergam. The company is also engaged in the production of polyester staple fibre by recycling pet bottle and waste polyester, at its plant in Gondhe, Nashik. 

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