Harsha Engineers International Ltd
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OVERVIEW
FINANCIALS
About
Established in 1986, Harsha Engineers International Limited is India's largest manufacturer of precision bearing cages, holding a 5-6% global market share in the organized segment. The company specializes in brass, steel, and polyamide bearing cages, serving various industrial applications. With principal production facilities in Changodar and Moraiya, Gujarat, and international plants in China and Romania, Harsha emphasizes research and development, enabling the production of complex, high-quality products. citeturn0search5
Incorporation Year: 2010
Headquarters: Ahmedabad, Gujarat, India
Top Management: Harish Rangwala and Rajendra Shah (Promoters and Directors)
Industry: Engineering & Construction
Website: harshaengineers.com
Featured In Fortune India Ranking
Next 500 India
#440(2024)#275(2023)
#440(2024)#275(2023)
Financial Data 2024
Revenue
1,424
(INR Cr)
Net Operating Income
1,392
(INR Cr)
Assets
1,364
(INR Cr)
Profit
111
(INR Cr)
Net Worth
1,175
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1424 2.3% | 1392 -0.5% | 1398 56.1% | 896 0.8% | 889 625.2% | 123 -72.8% | 451 340.6% | 102 -41.2% | 174 - |
| Net Operating Income (INR Cr) | 1392 2.07% | 1364 3.22% | 1321 51.24% | 874 -1.37% | 886 0.00% | 122 -72.61% | 444 366.33% | 95 -61.06% | 244 0.00% |
| Profit (INR Cr) | 111 -9.6% | 123 34.1% | 92 102.4% | 45 107.4% | 22 - | -17 - | 7 - | -1 - | 3 - |
| Assets (INR Cr) | 1364 7.9% | 1265 37.5% | 920 15.7% | 795 -0.6% | 800 496.0% | 134 -31.6% | 196 296.9% | 49 -29.1% | 70 - |
| Net Worth (INR Cr) | 1175 9.7% | 1072 105.4% | 522 22.2% | 427 14.8% | 372 0.0% | 12 -59.9% | 29 29.6% | 22 -4.0% | 23 0.0% |
| Employee Cost (INR Cr) | 169 8.2% | 156 7.6% | 145 -0.8% | 146 -1.8% | 149 935.7% | 14 2.5% | 14 57.1% | 9 38.0% | 6 - |
| Interest Cost (INR Cr) | 11 | 16 | 25 | 30 | 33 | 11 | 8 | 2 | 4 |
| Cash & Bank Balance (INR Cr) | 122 | 134 | 39 | 45 | 57 | 13 | 37 | 7 | 6 |
| Total Debt (INR Cr) | 177 | 182 | 385 | 357 | 419 | 122 | 167 | 27 | 46 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 7.8% | 8.9% | 6.6% | 5.1% | 2.5% | - | 1.5% | - | 1.7% |
| Profit As % Of Assets | 8.2% | 9.8% | 10.0% | 5.7% | 2.7% | - | 3.4% | - | 4.2% |
| Profit As % Of Networth | 9.5% | 11.5% | 17.6% | 10.6% | 5.9% | - | 22.8% | - | 12.6% |
| Interest Cost to EBITDA % | 6.3% | 8.4% | 14.5% | 24.6% | 38.2% | - | 105.8% | - | 66.6% |
| Debt to Equity Ratio | 0.15 | 0.17 | 0.74 | 0.83 | 1.13 | 10.57 | 5.80 | 1.21 | 2.00 |
| RONW | 9.9% | 15.5% | 19.4% | 11.4% | 5.9% | - | 25.8% | - | 12.6% |
| ROCE | 12.3% | 16.8% | 17.6% | 11.4% | 8.1% | 0.0% | 12.0% | 1.6% | 12.0% |