- #1,320 Harish Rangwala & family ₹1,700 Cr
- #1,374 Rajendra Shantilal Shah & family ₹1,600 Cr

About Harsha Engineers International Limited
Data last updated:
Harsha Engineers International Limited is a public limited company based in Sanand, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 11 December 2010 and has been in existence for over 16 years.
Its director Harish Rangwala and family are #1,320 among India's richest people (2026). Its director Rajendra Shantilal Shah and family are #1,374 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L29307GJ2010PLC063233. Its GSTIN is 24AACCH5549Q1Z2 (Gujarat). The company holds 16 GST registrations, of which 10 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543600 and NSE: HARSHA.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹91.04 Cr. It was formerly known as Harsha Abakus Solar Private Limited and Harsha Engineers International Private Limited. It is led by directors including Harish Ranjit Rangwala (Managing Director) and Hetal Manish Naik (Whole-Time Director).
Its last annual general meeting (AGM) was held on 23 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sarkhej – Bavla Road, Sanand, Gujarat, India – 382213.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,626.79 Cr, a growth of 15.6% compared to the previous year. For the same year it recorded a net profit of ₹139.63 Cr (net margin 8.6%) and EBITDA of ₹239.66 Cr (EBITDA margin 14.7%). The net worth stands at ₹1,401.69 Cr (up 11.8% YoY). Total assets are valued at ₹1,788.6 Cr (up 21.8% YoY).
The company has about 1,743 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Harsha Abakus Solar and Harsha Engineers. As per MCA filings, the company has open charges of ₹296 Cr and satisfied charges of ₹525.13 Cr on record. Court records list 19 cases involving the company, including 9 filed by the company and 10 filed against it; 5 cases are pending. The company has 20 deals on record (8 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹50.74 Cr; the latest was in June 2025. The company has 7 MSME Form 1 returns on record between 2019 and 2021, listing 261 overdue payments to 52 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harshaengineers.com.
Company details
Name history
Harsha Engineers International has undergone 2 name changes throughout its history. The company was previously known as Harsha Abakus Solar Private Limited, and Harsha Engineers International Private Limited. The current legal name is Harsha Engineers International Limited.
| Company Name | Status |
|---|---|
| Harsha Engineers International Limited | Current |
| Harsha Abakus Solar Private Limited | Previous |
| Harsha Engineers International Private Limited | Previous |
CIN history
Harsha Engineers International has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29307GJ2010PLC063233, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29307GJ2010PLC063233 | Current |
| U29307GJ2010PTC063233 | Previous |
| U29307GJ2010PLC063233 | Previous |
Recognitions & Rankings of Harsha Engineers International
Contact details
Harsha Engineers International Limited's registered office is in Sanand, Gujarat. Its website is harshaengineers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSarkhej – Bavla Road, Sanand, Gujarat, India – 382213
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Harsha Engineers International Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Harsha Engineers International operates two associated brands: Harsha Abakus Solar and Harsha Engineers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides turnkey EPC services for solar PV installations. | harsha-abakus.com | |
| Six West End theatres are owned and operated for productions. | harshaengineers.com |
Business activity
The main business activities of Harsha Engineers International are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers other manufacturing and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Harsha Engineers International Limited, buy the company report.
Financials of Harsha Engineers International Limited
FY 2025-26 filings availableHarsha Engineers International Limited reported revenue of ₹1,626.79 Cr (up 15.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,627 | 1,408 | 1,392 | 1,364 | 1,321 | 874 | 886 |
| Revenue growth | +15.6% | +1.1% | +2.1% | +3.2% | +51.2% | -1.4% | - |
| EBITDA | 240 | 147 | 171 | 189 | 169 | 122 | 85.98 |
| EBITDA margin | +14.7% | +10.5% | +12.3% | +13.9% | +12.8% | +13.9% | +9.7% |
| Profit before tax | 215 | 136 | 151 | 167 | 127 | 60.72 | 31.59 |
| Net profit | 140 | 106 | 109 | 123 | 91.98 | 45.54 | 22.15 |
| Net profit margin | +8.6% | +7.6% | +7.8% | +9.0% | +7.0% | +5.2% | +2.5% |
| EPS (₹) | 17.05 | 9.81 | 12.24 | 13.54 | 11.90 | 9.09 | 4.38 |
| Balance sheet | |||||||
| Total assets | 1,789 | 1,469 | 1,364 | 1,265 | 920 | 795 | 800 |
| Net worth | 1,402 | 1,254 | 1,175 | 1,072 | 522 | 427 | 372 |
| Total debt | 372 | 200 | 177 | 182 | 385 | 357 | 419 |
| Cash & bank | 44.98 | 76.18 | 122 | 134 | 39.30 | 45.30 | 57.13 |
| Net working capital | 623 | 556 | 673 | 663 | 539 | 424 | 423 |
| Cash flow | |||||||
| Cash from operations | 68.49 | 206 | 136 | 137 | 36.46 | 121 | 113 |
| Cash from investing | (197) | (212) | (158) | (312) | (51.83) | (19.96) | (51.15) |
| Cash from financing | 146 | 5.91 | (25.43) | 216 | 3.73 | (92.43) | (38.25) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 440 | 457 | 474 | 409 | 378 | 365 | 373 | 339 |
| Revenue growth (YoY) | +16.3% | +25.2% | +27.1% | +20.7% | +7.3% | +6.5% | - | - |
| Other income | 7.09 | 5.16 | 10.54 | 6.79 | 10.45 | 10.73 | 11.03 | 6.72 |
| EBITDA | 74.76 | 67.45 | 73.41 | 57.31 | 53.51 | 55.43 | 7.48 | 42.77 |
| EBITDA margin | +17.0% | +14.7% | +15.5% | +14.0% | +14.1% | +15.2% | +2.0% | +12.6% |
| Depreciation | 14.24 | 13.78 | 12.76 | 12.03 | 11.34 | 10.53 | 9.86 | 10.08 |
| Interest | 6.14 | 5.83 | 5.80 | 4.84 | 3.05 | 2.57 | 1.46 | 2.13 |
| Profit before tax | 61.47 | 53.00 | 65.39 | 47.23 | 49.57 | 53.06 | 7.19 | 37.28 |
| Tax | 16.44 | 15.62 | 18.16 | 13.63 | 13.13 | 15.13 | 9.58 | 10.59 |
| Net profit | 45.03 | 37.38 | 47.23 | 33.60 | 36.44 | 37.93 | (2.39) | 26.69 |
| EPS (₹) | 4.95 | 4.11 | 5.19 | 3.69 | 4.00 | 4.17 | (0.26) | 2.93 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,228 | 1,089 | 1,081 | 1,025 | 956 | 582 | 601 |
| Revenue growth | +12.8% | +0.8% | +5.5% | +7.1% | +64.3% | -3.1% | - |
| EBITDA | 232 | 75.00 | 170 | 176 | 166 | 91.51 | 64.48 |
| EBITDA margin | +18.9% | +6.9% | +15.8% | +17.2% | +17.4% | +15.7% | +10.7% |
| Profit before tax | 237 | 79.77 | 168 | 172 | 143 | 51.41 | 29.83 |
| Net profit | 150 | 84.61 | 125 | 128 | 106 | 37.97 | 20.10 |
| Net profit margin | +12.2% | +7.8% | +11.6% | +12.5% | +11.1% | +6.5% | +3.4% |
| EPS (₹) | 19.42 | 3.88 | 13.94 | 14.10 | 13.73 | 7.60 | 4.02 |
| Balance sheet | |||||||
| Total assets | 1,488 | 1,308 | 1,360 | 1,225 | 871 | 726 | 749 |
| Net worth | 1,430 | 1,269 | 1,245 | 1,124 | 568 | 461 | 417 |
| Total debt | 45.37 | 24.23 | 102 | 90.17 | 290 | 252 | 319 |
| Cash & bank | 27.56 | 65.22 | 96.84 | 121 | 31.99 | 35.75 | 48.90 |
| Net working capital | 450 | 455 | 568 | 554 | 428 | 332 | 345 |
| Cash flow | |||||||
| Cash from operations | 132 | 210 | 124 | 119 | 50.88 | 103 | 84.05 |
| Cash from investing | (132) | (121) | (162) | (306) | (74.58) | 0.18 | (37.76) |
| Cash from financing | 9.44 | (91.71) | (3.31) | 223 | 14.36 | (94.62) | (33.63) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 302 | 316 | 356 | 322 | 279 | 271 | 291 | 268 |
| Revenue growth (YoY) | +8.5% | +16.6% | +22.3% | +20.3% | +2.5% | +5.0% | - | - |
| Other income | 7.48 | 6.90 | 9.73 | 6.00 | 10.23 | 12.03 | 10.50 | 7.94 |
| Total expenses | 236 | 254 | 286 | 264 | 228 | 218 | 351 | 226 |
| EBITDA | 66.77 | 62.78 | 69.48 | 58.32 | 50.29 | 53.52 | (60.44) | 42.06 |
| EBITDA margin | +22.1% | +19.8% | +19.5% | +18.1% | +18.0% | +19.7% | -20.8% | +15.7% |
| Depreciation | 7.92 | 7.79 | 7.46 | 7.54 | 7.59 | 7.35 | 7.13 | 7.26 |
| Interest | 0.50 | 0.72 | 0.55 | 0.85 | 0.53 | 0.66 | 0.47 | 1.22 |
| Profit before tax | 65.83 | 61.17 | 71.20 | 55.93 | 52.40 | 57.54 | (57.54) | 41.52 |
| Tax | 16.47 | 15.49 | 18.03 | 14.24 | 13.37 | 14.63 | 9.42 | 10.53 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 440 | 457 | 474 | 409 | 378 | 365 | 373 | 339 |
| Revenue growth (YoY) | +16.3% | +25.2% | +27.1% | +20.7% | +7.3% | +6.5% | - | - |
| Other income | 7.09 | 5.16 | 10.54 | 6.79 | 10.45 | 10.73 | 11.03 | 6.72 |
| EBITDA | 74.76 | 67.45 | 73.41 | 57.31 | 53.51 | 55.43 | 7.48 | 42.77 |
| EBITDA margin | +17.0% | +14.7% | +15.5% | +14.0% | +14.1% | +15.2% | +2.0% | +12.6% |
| Depreciation | 14.24 | 13.78 | 12.76 | 12.03 | 11.34 | 10.53 | 9.86 | 10.08 |
| Interest | 6.14 | 5.83 | 5.80 | 4.84 | 3.05 | 2.57 | 1.46 | 2.13 |
| Profit before tax | 61.47 | 53.00 | 65.39 | 47.23 | 49.57 | 53.06 | 7.19 | 37.28 |
| Tax | 16.44 | 15.62 | 18.16 | 13.63 | 13.13 | 15.13 | 9.58 | 10.59 |
| Net profit | 45.03 | 37.38 | 47.23 | 33.60 | 36.44 | 37.93 | (2.39) | 26.69 |
| EPS (₹) | 4.95 | 4.11 | 5.19 | 3.69 | 4.00 | 4.17 | (0.26) | 2.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,627 | 1,408 | 1,392 | 1,364 | 1,321 | 874 | 886 |
| Revenue growth | +15.6% | +1.1% | +2.1% | +3.2% | +51.2% | -1.4% | - |
| Other income | 38.51 | 37.73 | 29.49 | 29.79 | 17.52 | 2.98 | 13.65 |
| Total expenses | 1,387 | 1,260 | 1,221 | 1,175 | 1,152 | 752 | 800 |
| Employee cost | 215 | 182 | 169 | 156 | 145 | 146 | 149 |
| EBITDA | 240 | 147 | 171 | 189 | 169 | 122 | 85.98 |
| EBITDA margin | +14.7% | +10.5% | +12.3% | +13.9% | +12.8% | +13.9% | +9.7% |
| Depreciation | 46.66 | 40.54 | 39.32 | 36.12 | 35.36 | 34.11 | 35.24 |
| Interest | 16.26 | 8.77 | 10.77 | 15.84 | 24.56 | 29.99 | 32.80 |
| Profit before tax | 215 | 136 | 151 | 167 | 127 | 60.72 | 31.59 |
| Tax | 60.05 | 46.37 | 39.32 | 43.84 | 34.68 | 15.28 | 9.67 |
| Net profit | 140 | 106 | 109 | 123 | 91.98 | 45.54 | 22.15 |
| Net profit margin | +8.6% | +7.6% | +7.8% | +9.0% | +7.0% | +5.2% | +2.5% |
| EPS (₹) | 17.05 | 9.81 | 12.24 | 13.54 | 11.90 | 9.09 | 4.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 91.04 | 91.04 | 91.04 | 91.04 | 77.25 | 50.00 | 50.00 |
| Reserves & surplus | 1,311 | 1,163 | 1,084 | 981 | 445 | 377 | 295 |
| Shareholders' funds (net worth) | 1,402 | 1,254 | 1,175 | 1,072 | 522 | 427 | 372 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 340 | 198 | 159 | 147 | 305 | 290 | 343 |
| Unsecured loans | 31.70 | 2.85 | 17.27 | 35.35 | 79.91 | 67.14 | 76.29 |
| Total debt | 372 | 200 | 177 | 182 | 385 | 357 | 419 |
| Total liabilities | 1,789 | 1,469 | 1,364 | 1,265 | 920 | 795 | 800 |
| Assets | |||||||
| Gross block | 1,271 | 953 | 916 | 858 | 794 | 746 | 705 |
| Net block | 660 | 414 | 418 | 387 | 356 | 342 | 334 |
| Capital work in progress | 18.52 | 161 | 15.15 | 11.62 | 2.10 | 3.34 | 3.39 |
| Investments | 473 | 305 | 234 | 194 | 6.47 | 9.28 | 6.61 |
| Inventories | 394 | 334 | 354 | 377 | 376 | 268 | 232 |
| Sundry debtors | 378 | 303 | 319 | 280 | 283 | 214 | 239 |
| Cash & bank balances | 44.98 | 76.18 | 122 | 134 | 39.30 | 45.30 | 57.13 |
| Loans & advances | 73.32 | 53.24 | 73.31 | 45.76 | 75.82 | 81.10 | 83.41 |
| Total current assets | 890 | 766 | 868 | 837 | 774 | 608 | 611 |
| Total current liabilities | 267 | 210 | 195 | 174 | 234 | 184 | 188 |
| Net working capital | 623 | 556 | 673 | 663 | 539 | 424 | 423 |
| Total assets | 1,789 | 1,469 | 1,364 | 1,265 | 920 | 795 | 800 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 15.46 | 15.00 | 62.44 | 21.41 | 33.05 | 24.28 | 0.77 |
| Net cash from operating activities | 68.49 | 206 | 136 | 137 | 36.46 | 121 | 113 |
| Net cash from investing activities | (197) | (212) | (158) | (312) | (51.83) | (19.96) | (51.15) |
| Net cash from financing activities | 146 | 5.91 | (25.43) | 216 | 3.73 | (92.43) | (38.25) |
| Net change in cash | 17.63 | 0.46 | (47.44) | 41.03 | (11.64) | 8.77 | 23.51 |
| Closing cash | 44.98 | 76.18 | 122 | 134 | 39.30 | 45.30 | 57.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.22 | 0.16 | 0.16 | 0.36 | 0.78 | 0.97 | 1.13 |
| Long-term debt / equity | 0.11 | 0.04 | 0.01 | 0.10 | 0.27 | 0.30 | 0.36 |
| Interest cover | 8.42 | 8.22 | 8.16 | 10.34 | 18.37 | 34.18 | 64.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.46 | 1.51 | 1.57 | 1.65 | 1.72 | 1.20 | 1.26 |
| Inventory turnover | 4.47 | 4.09 | 3.81 | 3.62 | 4.11 | 3.50 | 3.82 |
| Debtors turnover | 4.78 | 4.53 | 4.65 | 4.84 | 5.32 | 3.86 | 3.71 |
| EPS (₹) | 17.05 | 9.81 | 12.24 | 13.54 | 11.90 | 9.09 | 4.38 |
| Dividend per share (₹) | 1.50 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 153.96 | 137.76 | 129.09 | 117.73 | 67.55 | 85.44 | 68.95 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 302 | 316 | 356 | 322 | 279 | 271 | 291 | 268 |
| Revenue growth (YoY) | +8.5% | +16.6% | +22.3% | +20.3% | +2.5% | +5.0% | - | - |
| Other income | 7.48 | 6.90 | 9.73 | 6.00 | 10.23 | 12.03 | 10.50 | 7.94 |
| Total expenses | 236 | 254 | 286 | 264 | 228 | 218 | 351 | 226 |
| EBITDA | 66.77 | 62.78 | 69.48 | 58.32 | 50.29 | 53.52 | (60.44) | 42.06 |
| EBITDA margin | +22.1% | +19.8% | +19.5% | +18.1% | +18.0% | +19.7% | -20.8% | +15.7% |
| Depreciation | 7.92 | 7.79 | 7.46 | 7.54 | 7.59 | 7.35 | 7.13 | 7.26 |
| Interest | 0.50 | 0.72 | 0.55 | 0.85 | 0.53 | 0.66 | 0.47 | 1.22 |
| Profit before tax | 65.83 | 61.17 | 71.20 | 55.93 | 52.40 | 57.54 | (57.54) | 41.52 |
| Tax | 16.47 | 15.49 | 18.03 | 14.24 | 13.37 | 14.63 | 9.42 | 10.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,228 | 1,089 | 1,081 | 1,025 | 956 | 582 | 601 |
| Revenue growth | +12.8% | +0.8% | +5.5% | +7.1% | +64.3% | -3.1% | - |
| Other income | 37.99 | 37.94 | 30.48 | 31.63 | 17.82 | 3.73 | 15.82 |
| Total expenses | 997 | 1,014 | 911 | 849 | 791 | 491 | 536 |
| Employee cost | 140 | 125 | 118 | 109 | 96.22 | 89.71 | 90.44 |
| EBITDA | 232 | 75.00 | 170 | 176 | 166 | 91.51 | 64.48 |
| EBITDA margin | +18.9% | +6.9% | +15.8% | +17.2% | +17.4% | +15.7% | +10.7% |
| Depreciation | 29.94 | 28.67 | 26.85 | 23.31 | 19.62 | 17.28 | 20.13 |
| Interest | 2.59 | 4.50 | 6.33 | 11.91 | 21.12 | 26.55 | 30.34 |
| Profit before tax | 237 | 79.77 | 168 | 172 | 143 | 51.41 | 29.83 |
| Tax | 60.27 | 44.41 | 40.74 | 43.91 | 36.91 | 13.43 | 9.72 |
| Net profit | 150 | 84.61 | 125 | 128 | 106 | 37.97 | 20.10 |
| Net profit margin | +12.2% | +7.8% | +11.6% | +12.5% | +11.1% | +6.5% | +3.4% |
| EPS (₹) | 19.42 | 3.88 | 13.94 | 14.10 | 13.73 | 7.60 | 4.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 91.04 | 91.04 | 91.04 | 91.04 | 77.25 | 50.00 | 50.00 |
| Reserves & surplus | 1,338 | 1,178 | 1,154 | 1,033 | 491 | 383 | 340 |
| Shareholders' funds (net worth) | 1,430 | 1,269 | 1,245 | 1,124 | 568 | 461 | 417 |
| Secured loans | 44.04 | 22.28 | 98.45 | 68.04 | 223 | 193 | 214 |
| Unsecured loans | 1.33 | 1.95 | 3.88 | 22.13 | 67.07 | 58.96 | 106 |
| Total debt | 45.37 | 24.23 | 102 | 90.17 | 290 | 252 | 319 |
| Total liabilities | 1,488 | 1,308 | 1,360 | 1,225 | 871 | 726 | 749 |
| Assets | |||||||
| Gross block | 620 | 570 | 531 | 495 | 444 | 403 | 387 |
| Net block | 289 | 264 | 251 | 239 | 204 | 181 | 179 |
| Capital work in progress | 5.58 | 31.82 | 6.96 | 10.96 | 1.61 | 2.68 | 1.81 |
| Investments | 727 | 541 | 515 | 399 | 211 | 188 | 185 |
| Inventories | 286 | 272 | 289 | 291 | 293 | 197 | 172 |
| Sundry debtors | 286 | 244 | 269 | 219 | 214 | 165 | 197 |
| Cash & bank balances | 27.56 | 65.22 | 96.84 | 121 | 31.99 | 35.75 | 48.90 |
| Loans & advances | 46.01 | 35.51 | 68.38 | 41.79 | 71.32 | 85.24 | 85.22 |
| Total current assets | 645 | 616 | 723 | 672 | 610 | 483 | 503 |
| Total current liabilities | 195 | 161 | 155 | 119 | 182 | 151 | 158 |
| Net working capital | 450 | 455 | 568 | 554 | 428 | 332 | 345 |
| Total assets | 1,488 | 1,308 | 1,360 | 1,225 | 871 | 726 | 749 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.82 | 10.14 | 51.63 | 16.09 | 25.43 | 17.27 | 4.61 |
| Net cash from operating activities | 132 | 210 | 124 | 119 | 50.88 | 103 | 84.05 |
| Net cash from investing activities | (132) | (121) | (162) | (306) | (74.58) | 0.18 | (37.76) |
| Net cash from financing activities | 9.44 | (91.71) | (3.31) | 223 | 14.36 | (94.62) | (33.63) |
| Net change in cash | 9.21 | (2.32) | (41.49) | 35.54 | (9.34) | 8.16 | 12.66 |
| Closing cash | 27.56 | 65.22 | 96.84 | 121 | 31.99 | 35.75 | 48.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 0.03 | 0.05 | 0.08 | 0.22 | 0.53 | 0.65 | 1.03 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.08 | 0.21 | 0.20 | 0.32 |
| Interest cover | 1.28 | 9.71 | 4.41 | 7.81 | 14.44 | 35.77 | 68.41 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.06 | 1.98 | 2.11 | 2.18 | 2.26 | 1.47 | 3.09 |
| Inventory turnover | 4.41 | 3.89 | 3.73 | 3.51 | 3.91 | 3.15 | 6.64 |
| Debtors turnover | 4.64 | 4.25 | 4.44 | 4.74 | 5.06 | 3.22 | 3.54 |
| EPS (₹) | 19.42 | 3.88 | 13.94 | 14.10 | 13.73 | 7.60 | 4.02 |
| Dividend per share (₹) | 1.50 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 157.02 | 139.44 | 136.80 | 123.43 | 73.53 | 86.66 | 78.03 |
To see the full year-wise statements and ratios of Harsha Engineers International Limited, buy the company report.
Board of directors of Harsha Engineers International Limited
Harsha Engineers International has 10 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhushan Chelaram Punani | Director | 10 Jan 2022 | 4 Years 10 Months | Current |
| Harish Ranjit Rangwala Also directs: Harsha Engineers Advantek Limited, Cleanmax Harsha Solar LLP, Goldi Harsha Ventures LLP and 2 more | Managing Director | 11 Dec 2010 | 15 Years 11 Months | Current |
| Hetal Manish Naik | Whole-Time Director | 25 Dec 2021 | 4 Years 10 Months | Current |
| Ramakrishnan Kasinathan | Director | 10 Jan 2022 | 4 Years 10 Months | Current |
| Rajendra Shantilal Shah Also directs: Transformers and Rectifiers (India) Limited, Ratnamani Metals and Tubes Limited, Harsha Engineers Advantek Limited and 1 more | Whole-Time Director | 06 May 2011 | 15 Years 6 Months | Current |
| Ambar Jayantilal Patel Also directs: Sagar Saket Infra LLP, Neptune Petrochemicals Limited, Shilp Gravures Limited and 2 more | Director | 10 Jan 2022 | 4 Years 10 Months | Current |
Auditor
Harsha Engineers International Limited is audited by Pankaj R. Shah & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pankaj R. Shah & Associates | FY 2025 | 107361W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 1.80%, domestic institutional investors hold 13.00% and retail and other public shareholders hold 10.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% |
| Public | 25.00% | 25.00% | 25.00% | 25.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Apr 2025 | 101086754 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Cr | Open | |
| 06 Mar 2020 | 100332548 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 11 Oct 2019 | 100294202 | Others | ₹54 Cr | Open | |
| 15 Oct 2014 | 10529130 | Yes Bank Limited | ₹77 Cr | Open | |
| 07 Jul 2014 | 10507345 | Others | ₹45 Cr | Open |
To see the full charge records of Harsha Engineers International Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Harsha Engineers International Limited has 20 deals on record (8 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹50.74 Cr; the latest was in June 2025.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Market trade | ₹103.81 Cr | Buyer: Dsp Mutual Fund, Mansi Share and Stock Broking Private Limited Seller: Plutus Wealth Management LLP , Mansi Share and Stock Broking Private Limited |
| Apr 2024 | Market trade | ₹39.81 Cr | Buyer: Plutus Wealth Management LLP Seller: American Funds Insurance Series Global Small Capitalization Fund |
| Jun 2023 | Market trade | ₹77.26 Cr | Buyer: Plutus Wealth Management LLP Seller: Abu Dhabi Investment Authority |
| Sep 2022 | Market trade | ₹22.45 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2022 | Market trade | ₹129.69 Cr | Buyer: Graviton Research Capital LLP , NK Securities Research Private Limited Seller: Graviton Research Capital LLP , NK Securities Research Private Limited |
To see the full deal history of Harsha Engineers International Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Harsha Engineers International Limited has 19 court cases on record: 9 filed by Harsha Engineers International, 10 filed against it. 5 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 6 | 1 |
| High courts | 6 | 3 | 2 |
| NCLT | 3 | 1 | 2 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Orchestrate Systems Pvt Ltd. and 3 others | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Orchestrate Systems Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against RBL Bank Ltd and 2 others | Disposed |
| District court, Raipur, Chhattisgarh | Execution petition | Filed by the company against M/S Orchestrate Systems Private Limited | Disposed |
| Madras High Court | Court case (WP Crl.(MD)) | Filed against the company | Pending |
To see the full case history of Harsha Engineers International Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Harsha Engineers International Limited was last rated by Care on 26 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Mar 2021 |
To see the full credit ratings and regulatory alerts of Harsha Engineers International Limited, buy the company report.
MSME payment delays
Harsha Engineers International Limited has 7 MSME Form 1 returns on record between 2019 and 2021, listing 261 overdue payments to 52 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 52)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Topson Security Solutions Private Limited | |||
| Ikon Copier Services Private Limited | |||
| Ept Global Logistics Private Limited |
To see the full MSME payment records of Harsha Engineers International Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Harsha Engineers International has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Harsha Engineers Advantek Limited | U28140GJ2023PLC139182 |
To see the full group structure of Harsha Engineers International Limited, buy the company report.
Employees & EPFO
Harsha Engineers International Limited has a workforce of 1,743 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,743 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Harsha Engineers International Limited, buy the company report.
GST
Harsha Engineers International has 16 GST registrations: 10 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCH5549Q1Z2 | Gujarat | Active | 01 Jul 2017 |
| 24AACCH5549Q2Z1 | Gujarat | Active | 10 Jul 2024 |
| 24AACCH5549Q1DB | Gujarat | Active | 25 Oct 2024 |
| 23AACCH5549Q1Z4 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harsha Engineers International Limited, buy the company report.
Recent activity
Harsha Engineers International Limited has 20 board changes on record since 2010: 15 appointments and 5 cessations. The latest: Neharika Vohra ceased to be Director on 11 Nov 2024.
57 earlier events are in the company report.
News
Frequently asked questions
Harsha Engineers International is an active public limited company based in Sanand, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 11 December 2010 (16+ years old) and is registered under CIN L29307GJ2010PLC063233. Listed on BSE: 543600 and NSE: HARSHA.
Harsha Engineers International reported revenue of ₹1,626.79 Cr for FY 2025-26 (up 15.6% YoY) based on consolidated financials.
Harsha Engineers International has 10 current directors:
- Harish Ranjit Rangwala - Managing Director
- Hetal Manish Naik - Whole-Time Director
- Rajendra Shantilal Shah - Whole-Time Director
- Pilak Rajendra Shah - Whole-Time Director
- Vishal Harish Rangwala - Whole-Time Director
- Bhushan Chelaram Punani - Director
- Ramakrishnan Kasinathan - Director
- Ambar Jayantilal Patel - Director
- Kunal Dilipbhai Shah - Director
- Priyanka Agarwal Chopra - Director
The latest financial statements of Harsha Engineers International on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Harsha Engineers International is 24AACCH5549Q1Z2, registered in Gujarat. The company has 16 GST registrations in all, of which 10 are active and 6 are cancelled or inactive. Other active GSTINs include 24AACCH5549Q2Z1 (Gujarat), 24AACCH5549Q1DB (Gujarat), 23AACCH5549Q1Z4 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Harsha Engineers International is L29307GJ2010PLC063233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Harsha Engineers International is a listed company as per MCA records. Its shares are listed on both BSE (code: 543600) and NSE (symbol: HARSHA).
Harsha Engineers International has 19 court cases on record: 9 filed by the company and 10 filed against it. 5 are pending. Most are in the district courts.
Harsha Engineers International was incorporated on 11 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Harsha Engineers International has 20 deals on record (8 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹50.74 Cr; the latest was in June 2025.
Neharika Vohra ceased to be Director on 11 Nov 2024. Priyanka Agarwal Chopra was appointed as Director on 11 Nov 2024. Ambar Jayantilal Patel was appointed as Director on 10 Jan 2022. Harsha Engineers International has 20 board changes on record in total.

