Harsha Engineers International Ltd

Harsha Engineers International Ltd

Next 500 2024
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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. citeturn0search5

Incorporation Year: 2010
Headquarters: Ahmedabad, Gujarat, India
Top Management: Harish Rangwala and Rajendra Shah (Promoters and Directors)
Industry: Engineering & Construction

Featured In Fortune India Ranking

Next 500 India
#440(2024)#275(2023)
#440(2024)#275(2023)
Ranking Trend Fortune Next 500 India

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
PARAMETERS202420232022202120202019201820172016
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)
111625303311824
Cash & Bank Balance
(INR Cr)
122134394557133776
Total Debt
(INR Cr)
1771823853574191221672746

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS202420232022202120202019201820172016
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 0.150.170.740.831.1310.575.801.212.00
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%