Harsha Engineers

Ahmedabad, India Founded: 1972 • Age: 54 yrs Listed
Six West End theatres are owned and operated for productions.

About Harsha Engineers

Harsha Engineers is a publicly listed company based in Ahmedabad (India) founded in 1972 by Harish Ranjit Rangwala. Six West End theatres are owned and operated for productions. The company has 3,260 employees. Its chief executive, as recorded, is Harish Ranjit Rangwala. Its Indian entity Harsha Engineers International Limited reported revenue of β‚Ή1,665 Cr. Harsha Engineers offers products and services including Brass Cages, Steel Cages, Polyamide Cages, and Stamping Components. Its focus areas include Auto, Auto Components, Sheet Metal and Fabrication Parts. Similar companies include Maini Precision Products, Ramkrishna Forgings and Bharat Forge.

Company details

Harsha Engineers was founded in 1972 in Ahmedabad, India. Six West End theatres are owned and operated within the entertainment sector. Diverse theatrical productions, including plays, musicals, and concerts, are managed and presented. Venue space is provided to production companies, along with operational support. Theatre space is leased under a model focused on operations management and venue utilization.

  • Headquarters Ahmedabad, India
  • Employees 3,260
  • Founders Harish Ranjit Rangwala
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Website harshaengineers.com
  • Social LinkedIn X
  • Legal Name Harsha Engineers International Ltd.
Key Metrics
  • Market Cap
    ₹3,827 Cr

    HARSHA · NSE

  • Share Price
    ₹404.45

    -3.78% 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)
    25.0x

    P/B 2.8x

  • ROE
    10.5%

    ROCE 12.9%

  • Debt / Equity
    0.22

    Interest cover 8.4x

  • Employee Count
    3,260

Products & Services of Harsha Engineers

Harsha Engineers offers a comprehensive portfolio of products and services, including Brass Cages, Steel Cages, Polyamide Cages, and Stamping Components.

Brass Cages
Bearing Components

Durable cages for bearing applications in industrial machinery.

Steel Cages
Bearing Components

Strong cages ensuring reliable performance in bearings.

Polyamide Cages
Bearing Components

Lightweight cages for efficient bearing operations.

Stamping Components
Precision Parts

Engineered components for reliable industrial performance.

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

Harsha Engineers International Limited is the primary company behind Harsha Engineers. The boards of the 5 registered companies of Harsha Engineers currently have 12 directors; the longest-serving is Pilak Rajendra Shah, appointed in 2002. 33 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Pilak Rajendra Shah
DIN 00407960
Director05 Aug 200224 yrs 2 moAastha Tools Private Limited, Harsha Engineers International Limited, Harsha Engineers Limited
Harish Ranjit Rangwala
DIN 00278062
Managing Director11 Dec 201015 yrs 10 moHarsha Engineers International Limited, Harsha Engineers (India) Private Limited, Harsha Engineers Limited
Rajendra Shantilal Shah
DIN 00061922
Whole-time director06 May 201115 yrs 5 moHarsha Engineers International Limited, Harsha Engineers (India) Private Limited, Harsha Engineers Limited
Vishal Harish Rangwala
DIN 02452416
Director19 Jun 20179 yrs 4 moAastha Tools Private Limited, Harsha Engineers International Limited, Harsha Engineers (India) Private Limited, Harsha Engineers Limited
Neharika Vohra
DIN 06808439
Director10 Aug 20188 yrs 2 moHarsha Engineers Limited
Preya Brijesh Ukani
DIN 08478535
Director11 Jun 20197 yrs 4 moNirman Capital Services Private Limited
Hetal Brijesh Ukani
DIN 01990172
Director02 Dec 20196 yrs 10 moAastha Tools Private Limited, Harsha Engineers International Limited, Harsha Engineers Limited, Nirman Capital Services Private Limited
Bhushan Chelaram Punani
DIN 00119874
Director10 Jan 20224 yrs 9 moHarsha Engineers International Limited
Ramakrishnan Kasinathan
DIN 09461806
Director10 Jan 20224 yrs 9 moHarsha Engineers International Limited
Ambar Jayantilal Patel
DIN 00050042
Director10 Jan 20224 yrs 9 moHarsha Engineers International Limited, Harsha Engineers Limited
Kunal Dilipbhai Shah
DIN 02087152
Director10 Jan 20224 yrs 9 moHarsha Engineers International Limited, Harsha Engineers Limited
Priyanka Agarwal Chopra
DIN 10011547
Director11 Nov 20241 yr 11 moHarsha Engineers International Limited

People of Harsha Engineers

1 people are tracked at Harsha Engineers (1 in leadership); the tracked headcount is 3,260.

NameRoleGroup
Co-Founder & CEOLeadership
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IPO & Listings of Harsha Engineers

Harsha Engineers is a publicly listed company on the NSE with ticker symbol HARSHA in India, operating in the Producer manufacturing 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.

  • IPO date26 Sep 2022
  • Listed onNSE: HARSHA · BSE: 543600
  • Listed entityHarsha Engineers International Ltd.
  • Exchange sectorProducer manufacturing
  • ISININE0JUS01029
  • Share price₹450.40 (+2.13% on the day) · 2026-10-14
  • Market capitalisation₹4,014 Cr
  • Price to earnings26.5
  • EPS (diluted, trailing year)₹16.99
  • Dividend yield0.34%
  • Volume (last session)76,382

Financials of Harsha Engineers

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

Financial Highlights

FY 2025-26 Β· 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 (β‚Ή)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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue457474409378365373339353
Revenue growth (YoY)+25.2%+27.1%+20.7%+7.3%+6.5%---
Other income5.1610.546.7910.4510.7311.036.7212.08
EBITDA67.4573.4157.3153.5155.437.4842.7741.84
EBITDA margin+14.7%+15.5%+14.0%+14.1%+15.2%+2.0%+12.6%+11.9%
Depreciation13.7812.7612.0311.3410.539.8610.0810.39
Interest5.835.804.843.052.571.462.132.62
Profit before tax53.0065.3947.2349.5753.067.1937.2840.91
Tax15.6218.1613.6313.1315.139.5810.5911.95
Net profit37.3847.2333.6036.4437.93(2.39)26.6928.96
EPS (β‚Ή)4.115.193.694.004.17(0.26)2.933.18
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 (β‚Ή)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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue316356322279271291268272
Revenue growth (YoY)+16.6%+22.3%+20.3%+2.5%+5.0%---
Other income6.909.736.0010.2312.0310.507.9411.29
Total expenses254286264228218351226231
EBITDA62.7869.4858.3250.2953.52(60.44)42.0641.27
EBITDA margin+19.8%+19.5%+18.1%+18.0%+19.7%-20.8%+15.7%+15.2%
Depreciation7.797.467.547.597.357.137.267.23
Interest0.720.550.850.530.660.471.221.29
Profit before tax61.1771.2055.9352.4057.54(57.54)41.5244.04
Tax15.4918.0314.2413.3714.639.4210.5311.27

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue457474409378365373339353
Revenue growth (YoY)+25.2%+27.1%+20.7%+7.3%+6.5%---
Other income5.1610.546.7910.4510.7311.036.7212.08
EBITDA67.4573.4157.3153.5155.437.4842.7741.84
EBITDA margin+14.7%+15.5%+14.0%+14.1%+15.2%+2.0%+12.6%+11.9%
Depreciation13.7812.7612.0311.3410.539.8610.0810.39
Interest5.835.804.843.052.571.462.132.62
Profit before tax53.0065.3947.2349.5753.067.1937.2840.91
Tax15.6218.1613.6313.1315.139.5810.5911.95
Net profit37.3847.2333.6036.4437.93(2.39)26.6928.96
EPS (β‚Ή)4.115.193.694.004.17(0.26)2.933.18
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 (β‚Ή)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 (β‚Ή)17.059.8112.2413.5411.909.094.38
Dividend per share (β‚Ή)1.501.001.001.000.000.000.00
Book value per share (β‚Ή)153.96137.76129.09117.7367.5585.4468.95
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue316356322279271291268272
Revenue growth (YoY)+16.6%+22.3%+20.3%+2.5%+5.0%---
Other income6.909.736.0010.2312.0310.507.9411.29
Total expenses254286264228218351226231
EBITDA62.7869.4858.3250.2953.52(60.44)42.0641.27
EBITDA margin+19.8%+19.5%+18.1%+18.0%+19.7%-20.8%+15.7%+15.2%
Depreciation7.797.467.547.597.357.137.267.23
Interest0.720.550.850.530.660.471.221.29
Profit before tax61.1771.2055.9352.4057.54(57.54)41.5244.04
Tax15.4918.0314.2413.3714.639.4210.5311.27
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 (β‚Ή)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 (β‚Ή)19.423.8813.9414.1013.737.604.02
Dividend per share (β‚Ή)1.501.001.001.000.000.000.00
Book value per share (β‚Ή)157.02139.44136.80123.4373.5386.6678.03

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The website of Harsha Engineers (harshaengineers.com) receives about 2.3K visits a month.

  • Monthly visits
    2.3K

    ▼ 87% vs previous month

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Related news about Harsha Engineers

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Frequently Asked Questions about Harsha Engineers

Harsha Engineers was founded in 1972.

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

Harish Ranjit Rangwala is the CEO of Harsha Engineers, as recorded in our data. They have also founded this company.

Harsha Engineers has 3,260 employees.

The primary company behind Harsha Engineers, Harsha Engineers International Limited, reported revenue of β‚Ή1,665 Cr for FY 2026, up 16% year on year.

Harsha Engineers was founded in 1972 in Ahmedabad, India. Six West End theatres are owned and operated within the entertainment sector. Diverse theatrical productions, including plays, musicals, and concerts, are managed and presented. Venue space is provided to production companies, along with operational support. Theatre space is leased under a model focused on operations management and venue utilization.

Harsha Engineers's top competitors include Bharat Forge, Maini Precision Products and Ramkrishna Forgings.

Harsha Engineers offers Brass Cages, Steel Cages, Polyamide Cages, and Stamping Components.

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

Harsha Engineers is associated with 5 legal entities: Harsha Engineers International Limited, Aastha Tools Private Limited, Harsha Engineers (India) Private Limited and others.

The legal entities of Harsha Engineers currently have 15 directors, including Hetal Brijesh Ukani, Pilak Rajendra Shah, Vishal Harish Rangwala and others.

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