Harsha Abakus Solar

Ahmedabad, India Founded: 1972 • Age: 54 yrs Listed
Provides turnkey EPC services for solar PV installations.
Request Access
Report Incorrect Data
Page last updated

About Harsha Abakus Solar

Harsha Abakus Solar is a publicly listed company based in Ahmedabad (India) founded in 1972. It provides turnkey EPC services for solar PV installations. It operates on a B2B model. The company has 1,383 employees. Its Indian entity Harsha Engineers International Limited reported revenue of ₹1,665 Cr. Its focus areas include Energy, Renewable Energy, Solar Installation and EPC Services. Similar companies include Fourth Partner Energy, Sterling And Wilson and Mahindra Susten; 2 of its 3 listed similar companies have raised funding.

Company details

Harsha Abakus Solar provides turnkey epc services for solar pv installations through working in the energy sector, promoting renewable energy, solar installation, and epc services. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.

Operational Areas
Energy & Utilities → Renewable Energy Platforms
Key Metrics
  • Market Cap
    ₹4,224 Cr

    HARSHA · NSE

  • Share Price
    ₹461.00

    -0.63% today

  • Revenue
    ₹1,627 Cr

    FY 2025-26 · +15.6% YoY

  • EBITDA
    ₹240 Cr

    Margin 14.7%

  • Net Profit
    ₹140 Cr

    FY 2025-26 · +31.3% YoY

  • P/E (TTM)
    25.6x

    P/B 2.8x

  • ROE
    10.5%

    ROCE 12.9%

  • Debt / Equity
    0.22

    Interest cover 8.4x

  • Employee Count
    1,383

Apps and channels of Harsha Abakus Solar

its YouTube channel Harsha Abakus Solar has 18 subscribers and 1 videos.

Harsha Abakus Solar
YouTube 18 subscribers 1 videos Other
Open channel

Videos from Harsha Abakus Solar

The most watched videos on Harsha Abakus Solar's YouTube channel, Harsha Abakus Solar (18 subscribers). Click a video to play it here.

HASPL 10
138 views

More on Harsha Abakus Solar.

Board of directors of Harsha Engineers International Limited (Harsha Abakus Solar)

Harsha Engineers International Limited is the primary company behind Harsha Abakus Solar. The boards of the 2 registered companies of Harsha Abakus Solar currently have 11 directors; the longest-serving is Harish Ranjit Rangwala, appointed in 2010. 9 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Harish Ranjit Rangwala
DIN 00278062
Managing Director11 Dec 201015 yrs 11 moHarsha Engineers International Limited
Rajendra Shantilal Shah
DIN 00061922
Whole-time director06 May 201115 yrs 6 moHarsha Engineers International Limited
Pilak Rajendra Shah
DIN 00407960
Whole-time director05 Feb 201610 yrs 9 moHarsha Engineers International Limited
Vishal Harish Rangwala
DIN 02452416
Designated Partner19 Aug 20206 yrs 2 moAdvantterra Capital Management Llp, Harsha Engineers International Limited
Tanvi Vishal Rangwala
DIN 07964348
Designated Partner24 Jun 20215 yrs 4 moAdvantterra Capital Management Llp
Hetal Manish Naik
DIN 01990172
Whole-time director25 Dec 20214 yrs 10 moHarsha Engineers International Limited
Bhushan Chelaram Punani
DIN 00119874
Director10 Jan 20224 yrs 10 moHarsha Engineers International Limited
Ramakrishnan Kasinathan
DIN 09461806
Director10 Jan 20224 yrs 10 moHarsha Engineers International Limited
Ambar Jayantilal Patel
DIN 00050042
Director10 Jan 20224 yrs 10 moHarsha Engineers International Limited
Kunal Dilipbhai Shah
DIN 02087152
Director10 Jan 20224 yrs 10 moHarsha Engineers International Limited
Priyanka Agarwal Chopra
DIN 10011547
Director11 Nov 20242 yrsHarsha Engineers International Limited

IPO & Listings of Harsha Abakus Solar

Harsha Abakus Solar is a publicly listed company on the NSE with ticker symbol HARSHA in India, operating in the Auto Ancillaries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: HARSHA
  • Listed entityHarsha Engineers International Limited
  • Exchange sectorAuto Ancillaries

Financials of Harsha Abakus Solar

Exchange-reported figures of Harsha Engineers International Limited, the listed company behind Harsha Abakus Solar (NSE: HARSHA).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,627 Cr
+15.6% YoY
EBITDA
₹240 Cr
+62.7% YoY
Profit After Tax
₹140 Cr
+31.3% YoY
Net Worth
₹1,402 Cr
+11.8% YoY
Total Assets
₹1,789 Cr
+21.8% YoY
Total Debt
₹372 Cr
+85.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,6271,4081,3921,3641,321874886
Revenue growth+15.6%+1.1%+2.1%+3.2%+51.2%-1.4%-
EBITDA24014717118916912285.98
EBITDA margin+14.7%+10.5%+12.3%+13.9%+12.8%+13.9%+9.7%
Profit before tax21513615116712760.7231.59
Net profit14010610912391.9845.5422.15
Net profit margin+8.6%+7.6%+7.8%+9.0%+7.0%+5.2%+2.5%
EPS (₹)17.059.8112.2413.5411.909.094.38
Balance sheet
Total assets1,7891,4691,3641,265920795800
Net worth1,4021,2541,1751,072522427372
Total debt372200177182385357419
Cash & bank44.9876.1812213439.3045.3057.13
Net working capital623556673663539424423
Cash flow
Cash from operations68.4920613613736.46121113
Cash from investing(197)(212)(158)(312)(51.83)(19.96)(51.15)
Cash from financing1465.91(25.43)2163.73(92.43)(38.25)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue440457474409378365373339
Revenue growth (YoY)+16.3%+25.2%+27.1%+20.7%+7.3%+6.5%--
Other income7.095.1610.546.7910.4510.7311.036.72
EBITDA74.7667.4573.4157.3153.5155.437.4842.77
EBITDA margin+17.0%+14.7%+15.5%+14.0%+14.1%+15.2%+2.0%+12.6%
Depreciation14.2413.7812.7612.0311.3410.539.8610.08
Interest6.145.835.804.843.052.571.462.13
Profit before tax61.4753.0065.3947.2349.5753.067.1937.28
Tax16.4415.6218.1613.6313.1315.139.5810.59
Net profit45.0337.3847.2333.6036.4437.93(2.39)26.69
EPS (₹)4.954.115.193.694.004.17(0.26)2.93
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,2281,0891,0811,025956582601
Revenue growth+12.8%+0.8%+5.5%+7.1%+64.3%-3.1%-
EBITDA23275.0017017616691.5164.48
EBITDA margin+18.9%+6.9%+15.8%+17.2%+17.4%+15.7%+10.7%
Profit before tax23779.7716817214351.4129.83
Net profit15084.6112512810637.9720.10
Net profit margin+12.2%+7.8%+11.6%+12.5%+11.1%+6.5%+3.4%
EPS (₹)19.423.8813.9414.1013.737.604.02
Balance sheet
Total assets1,4881,3081,3601,225871726749
Net worth1,4301,2691,2451,124568461417
Total debt45.3724.2310290.17290252319
Cash & bank27.5665.2296.8412131.9935.7548.90
Net working capital450455568554428332345
Cash flow
Cash from operations13221012411950.8810384.05
Cash from investing(132)(121)(162)(306)(74.58)0.18(37.76)
Cash from financing9.44(91.71)(3.31)22314.36(94.62)(33.63)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue302316356322279271291268
Revenue growth (YoY)+8.5%+16.6%+22.3%+20.3%+2.5%+5.0%--
Other income7.486.909.736.0010.2312.0310.507.94
Total expenses236254286264228218351226
EBITDA66.7762.7869.4858.3250.2953.52(60.44)42.06
EBITDA margin+22.1%+19.8%+19.5%+18.1%+18.0%+19.7%-20.8%+15.7%
Depreciation7.927.797.467.547.597.357.137.26
Interest0.500.720.550.850.530.660.471.22
Profit before tax65.8361.1771.2055.9352.4057.54(57.54)41.52
Tax16.4715.4918.0314.2413.3714.639.4210.53

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 14 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue440457474409378365373339
Revenue growth (YoY)+16.3%+25.2%+27.1%+20.7%+7.3%+6.5%--
Other income7.095.1610.546.7910.4510.7311.036.72
EBITDA74.7667.4573.4157.3153.5155.437.4842.77
EBITDA margin+17.0%+14.7%+15.5%+14.0%+14.1%+15.2%+2.0%+12.6%
Depreciation14.2413.7812.7612.0311.3410.539.8610.08
Interest6.145.835.804.843.052.571.462.13
Profit before tax61.4753.0065.3947.2349.5753.067.1937.28
Tax16.4415.6218.1613.6313.1315.139.5810.59
Net profit45.0337.3847.2333.6036.4437.93(2.39)26.69
EPS (₹)4.954.115.193.694.004.17(0.26)2.93
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,6271,4081,3921,3641,321874886
Revenue growth+15.6%+1.1%+2.1%+3.2%+51.2%-1.4%-
Other income38.5137.7329.4929.7917.522.9813.65
Total expenses1,3871,2601,2211,1751,152752800
Employee cost215182169156145146149
EBITDA24014717118916912285.98
EBITDA margin+14.7%+10.5%+12.3%+13.9%+12.8%+13.9%+9.7%
Depreciation46.6640.5439.3236.1235.3634.1135.24
Interest16.268.7710.7715.8424.5629.9932.80
Profit before tax21513615116712760.7231.59
Tax60.0546.3739.3243.8434.6815.289.67
Net profit14010610912391.9845.5422.15
Net profit margin+8.6%+7.6%+7.8%+9.0%+7.0%+5.2%+2.5%
EPS (₹)17.059.8112.2413.5411.909.094.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital91.0491.0491.0491.0477.2550.0050.00
Reserves & surplus1,3111,1631,084981445377295
Shareholders' funds (net worth)1,4021,2541,1751,072522427372
Minority interest0.000.000.000.000.000.000.00
Secured loans340198159147305290343
Unsecured loans31.702.8517.2735.3579.9167.1476.29
Total debt372200177182385357419
Total liabilities1,7891,4691,3641,265920795800
Assets
Gross block1,271953916858794746705
Net block660414418387356342334
Capital work in progress18.5216115.1511.622.103.343.39
Investments4733052341946.479.286.61
Inventories394334354377376268232
Sundry debtors378303319280283214239
Cash & bank balances44.9876.1812213439.3045.3057.13
Loans & advances73.3253.2473.3145.7675.8281.1083.41
Total current assets890766868837774608611
Total current liabilities267210195174234184188
Net working capital623556673663539424423
Total assets1,7891,4691,3641,265920795800
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash15.4615.0062.4421.4133.0524.280.77
Net cash from operating activities68.4920613613736.46121113
Net cash from investing activities(197)(212)(158)(312)(51.83)(19.96)(51.15)
Net cash from financing activities1465.91(25.43)2163.73(92.43)(38.25)
Net change in cash17.630.46(47.44)41.03(11.64)8.7723.51
Closing cash44.9876.1812213439.3045.3057.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+15.6%+1.1%+2.1%+3.2%+51.2%-1.4%-
EBITDA growth+62.8%-14.1%-9.5%+12.0%+38.7%+41.7%-
PBT growth+58.7%-10.0%-9.8%+32.0%+108.6%+92.2%+9997.0%
Net income growth+31.3%-2.6%-11.2%+33.6%+102.0%+105.6%-
Revenue CAGR (3Y)+6.1%+2.1%+16.8%+15.5%---
EBITDA CAGR (3Y)+8.2%-4.5%+12.0%+30.1%---
Profitability & leverage
Net income margin+9.5%+6.3%+8.0%+9.0%+7.0%+5.2%+2.5%
Return on capital employed+12.9%+12.0%+12.3%+16.8%+17.6%+11.4%+8.1%
Return on net worth+10.5%+8.8%+9.9%+15.5%+19.4%+11.4%+5.9%
Debt / equity0.220.160.160.360.780.971.13
Long-term debt / equity0.110.040.010.100.270.300.36
Interest cover8.428.228.1610.3418.3734.1864.64
Efficiency & per share
Fixed asset turnover1.461.511.571.651.721.201.26
Inventory turnover4.474.093.813.624.113.503.82
Debtors turnover4.784.534.654.845.323.863.71
EPS (₹)17.059.8112.2413.5411.909.094.38
Dividend per share (₹)1.501.001.001.000.000.000.00
Book value per share (₹)153.96137.76129.09117.7367.5585.4468.95
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue302316356322279271291268
Revenue growth (YoY)+8.5%+16.6%+22.3%+20.3%+2.5%+5.0%--
Other income7.486.909.736.0010.2312.0310.507.94
Total expenses236254286264228218351226
EBITDA66.7762.7869.4858.3250.2953.52(60.44)42.06
EBITDA margin+22.1%+19.8%+19.5%+18.1%+18.0%+19.7%-20.8%+15.7%
Depreciation7.927.797.467.547.597.357.137.26
Interest0.500.720.550.850.530.660.471.22
Profit before tax65.8361.1771.2055.9352.4057.54(57.54)41.52
Tax16.4715.4918.0314.2413.3714.639.4210.53
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,2281,0891,0811,025956582601
Revenue growth+12.8%+0.8%+5.5%+7.1%+64.3%-3.1%-
Other income37.9937.9430.4831.6317.823.7315.82
Total expenses9971,014911849791491536
Employee cost14012511810996.2289.7190.44
EBITDA23275.0017017616691.5164.48
EBITDA margin+18.9%+6.9%+15.8%+17.2%+17.4%+15.7%+10.7%
Depreciation29.9428.6726.8523.3119.6217.2820.13
Interest2.594.506.3311.9121.1226.5530.34
Profit before tax23779.7716817214351.4129.83
Tax60.2744.4140.7443.9136.9113.439.72
Net profit15084.6112512810637.9720.10
Net profit margin+12.2%+7.8%+11.6%+12.5%+11.1%+6.5%+3.4%
EPS (₹)19.423.8813.9414.1013.737.604.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital91.0491.0491.0491.0477.2550.0050.00
Reserves & surplus1,3381,1781,1541,033491383340
Shareholders' funds (net worth)1,4301,2691,2451,124568461417
Secured loans44.0422.2898.4568.04223193214
Unsecured loans1.331.953.8822.1367.0758.96106
Total debt45.3724.2310290.17290252319
Total liabilities1,4881,3081,3601,225871726749
Assets
Gross block620570531495444403387
Net block289264251239204181179
Capital work in progress5.5831.826.9610.961.612.681.81
Investments727541515399211188185
Inventories286272289291293197172
Sundry debtors286244269219214165197
Cash & bank balances27.5665.2296.8412131.9935.7548.90
Loans & advances46.0135.5168.3841.7971.3285.2485.22
Total current assets645616723672610483503
Total current liabilities195161155119182151158
Net working capital450455568554428332345
Total assets1,4881,3081,3601,225871726749
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash7.8210.1451.6316.0925.4317.274.61
Net cash from operating activities13221012411950.8810384.05
Net cash from investing activities(132)(121)(162)(306)(74.58)0.18(37.76)
Net cash from financing activities9.44(91.71)(3.31)22314.36(94.62)(33.63)
Net change in cash9.21(2.32)(41.49)35.54(9.34)8.1612.66
Closing cash27.5665.2296.8412131.9935.7548.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.8%+0.8%+5.5%+7.1%+64.3%-3.1%-
EBITDA growth+208.8%-56.0%-3.2%+6.0%+81.3%+41.9%-
PBT growth+197.2%-52.4%-2.7%+20.5%+178.1%+72.3%+9998.0%
Net income growth+77.3%-32.5%-2.0%+20.6%+179.5%+88.9%-
Revenue CAGR (3Y)+6.2%+4.4%+22.9%+19.5%+98.9%+9.5%+84.8%
EBITDA CAGR (3Y)+9.6%-23.3%+23.0%+39.7%-+128.0%-
Profitability & leverage
Net income margin+14.4%+3.3%+11.7%+12.5%+11.1%+6.5%+3.4%
Return on capital employed+17.1%+13.3%+13.5%+17.6%+20.6%+10.6%+13.6%
Return on net worth+13.1%+6.7%+10.7%+15.2%+20.6%+8.7%+9.4%
Debt / equity0.030.050.080.220.530.651.03
Long-term debt / equity0.000.000.000.080.210.200.32
Interest cover1.289.714.417.8114.4435.7768.41
Efficiency & per share
Fixed asset turnover2.061.982.112.182.261.473.09
Inventory turnover4.413.893.733.513.913.156.64
Debtors turnover4.644.254.444.745.063.223.54
EPS (₹)19.423.8813.9414.1013.737.604.02
Dividend per share (₹)1.501.001.001.000.000.000.00
Book value per share (₹)157.02139.44136.80123.4373.5386.6678.03

Similar companies to Harsha Abakus Solar

Harsha Abakus Solar has 3 listed similar companies in our database, 2 of them funded. They include Fourth Partner Energy, Sterling And Wilson and Mahindra Susten.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Fourth Partner Energy
fourthpartner.co2010Hyderabad, India$564.02M425
On-grid and off-grid solar solutions and products are provided.
Sterling And Wilson
sterlingandwilson.com1927Mumbai, India$50M6,013
EPC and MEP services are provided across diverse sectors.
Mahindra Susten
mahindrasusten.com2010Mumbai, India180
Turnkey EPC services for solar power plants are provided.
Premium access

Detailed similar companies of Harsha Abakus Solar

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

  • Full competitor set
  • Operating metrics
  • Benchmarks
  • Competitive positioning

Verified entity values are shown only after access is granted.

Web traffic of Harsha Abakus Solar

The website of Harsha Abakus Solar (harsha-abakus.com) receives about 1.4K visits a month.

  • Monthly visits
    1.4K

    ▲ 50.7% vs previous month

Similar websites

Websites whose visitors overlap most with Harsha Abakus Solar. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Harsha Engineers
harshaengineers.com
100%
2.3K#6,785,955View details
Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Related news about Harsha Abakus Solar

HARSHA: Q2 REVENUE 4.4B RUPEES VS 3.8B (YOY)
Exchange Update • 11 days ago
HARSHA: Q2 CONS NET PROFIT 450M RUPEES VS 364M (YOY)
Exchange Update • 11 days ago
HARSHA: Q2 EBITDA 747.6M RUPEES VS 535M (YOY); Q2 EBITDA MARGIN 16.99% VS 14.14% (YOY)
Exchange Update • 11 days ago
Accumulate Harsha Engineers International; target of Rs 462: Prabhudas Lilladher
Moneycontrol • 3 months ago
HARSHA: Q1 FY27 revenue up 25.2% YoY, with margin pressure but strong growth in key segments
Quartr • 3 months ago
HARSHA: Q1 revenue grew 25% YoY with strong demand, despite margin pressure from higher input costs
Quartr • 3 months ago
HARSHA: Revenue and profits rose year-over-year, driven by growth in core and solar segments
Quartr • 3 months ago
Harsha Engineers International June-Quarter Consol PAT 373.8 Million Rupees
Reuters • 3 months ago
Hold Harsha Engineers International; target of Rs 461: Prabhudas Lilladher
Moneycontrol • 6 months ago
HARSHA: FY 2026 saw strong growth across engineering and solar segments, with positive outlook ahead
Quartr • 6 months ago
Premium access

Complete news archive for Harsha Abakus Solar

Full article history, source details, and older brand coverage require an active premium plan.

  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

Verified entity values are shown only after access is granted.

Frequently Asked Questions about Harsha Abakus Solar

Harsha Abakus Solar was founded in 1972.

Harsha Abakus Solar is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Harsha Abakus Solar has 1,383 employees.

The primary company behind Harsha Abakus Solar, Harsha Engineers International Limited, reported revenue of ₹1,665 Cr for FY 2026, up 16% year on year.

Harsha Abakus Solar provides turnkey epc services for solar pv installations through working in the energy sector, promoting renewable energy, solar installation, and epc services. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.

Harsha Abakus Solar's top competitors include Fourth Partner Energy, Mahindra Susten and Sterling And Wilson.

Yes, Harsha Abakus Solar is publicly traded on NSE under the ticker symbol HARSHA.

Harsha Abakus Solar is associated with 2 legal entities: Harsha Engineers International Limited, Advantterra Capital Management Llp.

The legal entities of Harsha Abakus Solar currently have 13 directors, including Tanvi Vishal Rangwala, Vishal Harish Rangwala, Bhushan Chelaram Punani and others.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available