Harsha Engineers International Limited
Harsha Engineers International Limited engages in the manufacture and sale of precision bearing cages and high precision engineered components in India and internationally. It operates through Engineering & Others, and Solar-EPC and O&M segments. The Engineering & Others segment engages in the design, tooling, development, manufacture, procurement, sale, and servicing of bearing cages and stamp c… Read more
Harsha Engineers International Limited (HARSHA) - Net Assets
Latest net assets as of September 2025: ₹13.14 Billion INR
Based on the latest financial reports, Harsha Engineers International Limited (HARSHA) has net assets worth ₹13.14 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹18.72 Billion) and total liabilities (₹5.58 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹13.14 Billion |
| % of Total Assets | 70.21% |
| Annual Growth Rate | 20.96% |
| 5-Year Change | 193.59% |
| 10-Year Change | 526.76% |
| Growth Volatility | 7563.0 |
Harsha Engineers International Limited - Net Assets Trend (2014–2025)
This chart illustrates how Harsha Engineers International Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Harsha Engineers International Limited (2014–2025)
The table below shows the annual net assets of Harsha Engineers International Limited from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹12.54 Billion | +6.71% |
| 2024-03-31 | ₹11.75 Billion | +9.66% |
| 2023-03-31 | ₹10.72 Billion | +105.38% |
| 2022-03-31 | ₹5.22 Billion | +22.16% |
| 2021-03-31 | ₹4.27 Billion | +14.84% |
| 2020-03-31 | ₹3.72 Billion | +26319.03% |
| 2019-03-31 | ₹14.08 Million | -99.44% |
| 2018-03-31 | ₹2.52 Billion | +30.62% |
| 2017-03-31 | ₹1.93 Billion | -3.47% |
| 2016-03-31 | ₹2.00 Billion | +1.40% |
| 2015-03-31 | ₹1.97 Billion | +27.67% |
| 2014-03-31 | ₹1.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harsha Engineers International Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 518.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹7.32 Billion | 58.39% |
| Common Stock | ₹910.40 Million | 7.26% |
| Other Comprehensive Income | ₹95.90 Million | 0.76% |
| Other Components | ₹4.21 Billion | 33.58% |
| Total Equity | ₹12.54 Billion | 100.00% |
Harsha Engineers International Limited Competitors by Market Cap
The table below lists competitors of Harsha Engineers International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FDENF
PINK:FDENF
|
$82.48 Million |
|
Raisio Oyj
HE:RAIKV
|
$82.49 Million |
|
La Opala RG Limited
NSE:LAOPALA
|
$82.53 Million |
|
Allianz Ayudhya Capital Public Company Limited
BK:AYUD
|
$82.53 Million |
|
Patriot National Bancorp Inc
NASDAQ:PNBK
|
$82.41 Million |
|
Sotherly Hotels Inc Series B Pref
NASDAQ:SOHOB
|
$82.34 Million |
|
Stille AB
ST:STIL
|
$82.32 Million |
|
Industri Dan Perdagangan Bintraco Dharma Tbk PT
JK:CARS
|
$82.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harsha Engineers International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,752,800,000 to 12,541,400,000, a change of 788,600,000 (6.7%).
- Net income of 893,100,000 contributed positively to equity growth.
- Dividend payments of 91,100,000 reduced retained earnings.
- Other comprehensive income increased equity by 18,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹893.10 Million | +7.12% |
| Dividends Paid | ₹91.10 Million | -0.73% |
| Other Comprehensive Income | ₹18.60 Million | +0.15% |
| Other Changes | ₹-32.00 Million | -0.26% |
| Total Change | ₹- | 6.71% |
Book Value vs Market Value Analysis
This analysis compares Harsha Engineers International Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.35x to 2.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | ₹63.84 | ₹341.80 | x |
| 2015-03-31 | ₹80.49 | ₹341.80 | x |
| 2016-03-31 | ₹78.12 | ₹341.80 | x |
| 2017-03-31 | ₹79.73 | ₹341.80 | x |
| 2018-03-31 | ₹104.13 | ₹341.80 | x |
| 2019-03-31 | ₹0.70 | ₹341.80 | x |
| 2020-03-31 | ₹59.76 | ₹341.80 | x |
| 2021-03-31 | ₹55.30 | ₹341.80 | x |
| 2022-03-31 | ₹57.32 | ₹341.80 | x |
| 2023-03-31 | ₹126.83 | ₹341.80 | x |
| 2024-03-31 | ₹129.10 | ₹341.80 | x |
| 2025-03-31 | ₹137.76 | ₹341.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harsha Engineers International Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.34%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.35x
- Recent ROE (7.12%) is above the historical average (-150.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 9.42% | 3.11% | 1.09x | 2.79x | ₹-8.88 Million |
| 2015 | 24.78% | 8.20% | 1.09x | 2.76x | ₹286.45 Million |
| 2016 | 12.46% | 3.64% | 0.88x | 3.88x | ₹46.31 Million |
| 2017 | 5.74% | 1.76% | 1.07x | 3.05x | ₹-81.88 Million |
| 2018 | 22.57% | 7.27% | 1.15x | 2.70x | ₹315.15 Million |
| 2019 | -1946.52% | -22.37% | 0.59x | 146.87x | ₹-275.48 Million |
| 2020 | 5.89% | 2.51% | 0.90x | 2.62x | ₹-152.89 Million |
| 2021 | 10.64% | 5.26% | 0.88x | 2.30x | ₹27.21 Million |
| 2022 | 17.62% | 7.02% | 1.13x | 2.22x | ₹397.64 Million |
| 2023 | 11.50% | 9.04% | 0.94x | 1.35x | ₹161.03 Million |
| 2024 | 9.48% | 8.00% | 0.89x | 1.33x | ₹-60.98 Million |
| 2025 | 7.12% | 6.34% | 0.83x | 1.35x | ₹-361.04 Million |
Industry Comparison
This section compares Harsha Engineers International Limited's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $5,068,003,230
- Average return on equity (ROE) among peers: -166.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harsha Engineers International Limited (HARSHA) | ₹13.14 Billion | 9.42% | 0.42x | $82.42 Million |
| Esab India Limited (ESABINDIA) | $1.67 Billion | 39.59% | 0.36x | $249.10 Million |
| Lakshmi Precision Screws Limited (LAKPRE) | $929.39 Million | 10.07% | 1.95x | $175.46K |
| NRB Industrial Bearings Limited (NIBL) | $10.21 Million | -1454.78% | 128.82x | $1.91 Million |
| SKF India Limited (SKFINDIA) | $26.83 Billion | 20.57% | 0.36x | $420.75 Million |
| Sterling Tools Limited (STERTOOLS) | $510.10 Million | 14.92% | 1.78x | $15.41 Million |
| Technocraft Industries (India) Limited (TIIL) | $5.65 Billion | 15.88% | 0.74x | $129.29 Million |
| Timken India Limited (TIMKEN) | $3.82 Billion | 11.70% | 0.93x | $1.31 Billion |
| Wendt (India) Limited (WENDT) | $1.12 Billion | 10.73% | 0.30x | $95.56 Million |