Micro Textiles

Harish Textile Engineers Ltd.

HARISH

₹66.0

-0.08% (-0.05)

Market Cap

₹22 Cr.

P/E

0.00

Harish Textile Engineers Ltd.
Overview
Financials
Benchmarking
Shareholding

Harish Textile Engineers Ltd.

Harish Textile Engineers Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Harish Textile Engineers Ltd. Shareprice

Has the share price of Harish Textile Engin grown faster than its competition?

Harish Textile Engin has given better returns compared to its competitors.
Harish Textile Engin has grown at ~14.24% over the last 4yrs while peers have grown at a median rate of 6.01%

Is Harish Textile Engin stock expensive?

Harish Textile Engin is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE.
Latest PE of Harish Textile Engin is 0.0, while 3 year average PE is 17.67.
Also latest EV/EBITDA of Harish Textile Engin is 24.43 while 3yr average is 11.32.

View FAQ's On Business

Growth Table

Harish Textile Engineers Ltd.
Veejay Lakshmi Engg
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Billwin Industries
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	30.69	29.44	9.44	14.24	24.57	6.47	—	—	—	—
TTM EPS CAGR	—	—	—	—	—	—	—	—	—	—
Sales CAGR	7.88	7.99	7.35	17.76	13.14	30.45	—	—	—	—
PAT Margin (Abs Growth)	-0.19	-0.67	-2.36	0.65	-2.71	-1.76	-2.02	2.29	—	—
PE CAGR	—	—	-100.00	—	—	—	—	—	—	—
CFO CAGR	79.77	343	96.49	—	—	28.35	—	—	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Harish Textile Engineers Ltd.
Veejay Lakshmi Engg
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Sep'24
Assets	18.51	36.35	46.43	44.34	72.81	68.54	79.15	77.18	77.61	78.38
Non Current Assets	13.18	21.53	27.69	26.88	27.03	25.80	30.25	30.20	30.44	32.80
Net Block	5.29	6.75	13.58	17.30	25.89	23.88	27.80	26.28	27.81	28.34
Capital Work in Progress	0.00	2.89	2.93	2.99	0.00	0.48	0.79	1.71	0.00	—
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—	0.02
Long Term Investments	6.02	6.23	6.47	—	—	—	—	—	—	—
Current Assets	5.39	14.78	17.65	16.37	44.51	41.48	47.75	45.77	46.04	45.58
Inventory	3.63	5.35	8.85	9.29	17.84	13.40	14.09	19.17	16.02	13.74
Accounts Receivable	0.85	5.83	3.99	3.75	17.87	17.92	20.75	18.21	22.34	27.40
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Cash & Bank Balances	0.09	0.54	0.06	0.33	0.70	0.61	1.68	0.15	0.26	0.57
Liabilities	18.51	36.35	46.43	44.34	72.81	68.54	79.15	77.18	77.61	78.38
Shareholders Funds	0.95	1.77	6.99	8.06	7.33	9.09	9.57	9.54	9.25	7.78
Share Capital	0.50	0.50	2.40	3.34	3.34	3.34	3.34	3.34	3.34	3.34
Reserves	0.45	1.27	4.59	4.72	4.00	5.75	6.23	6.20	5.92	4.45
Non Current Liabilities	8.34	8.31	2.83	5.78	12.75	11.84	15.78	13.18	7.19	3.58
Secured Loans	6.35	6.81	1.35	0.12	1.50	3.09	8.12	7.61	3.99	—
Unsecured Loans	1.27	0.71	0.38	4.57	9.00	7.02	6.10	4.05	1.87	2.18
Current Liabilities	9.23	26.26	36.62	30.50	52.73	47.61	53.81	54.46	61.17	67.02
Accounts Payable	5.45	17.43	18.87	17.33	27.95	21.64	21.67	21.13	20.73	21.94
Short Term Loans	1.11	1.20	7.09	6.03	11.28	15.07	21.62	24.19	24.36	34.81

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Harish Textile Engineers Ltd.
Veejay Lakshmi Engg
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	24.80	41.17	36.33	37.99	83.64	81.80	107	116	131	135
Operating Expenses	24.22	38.42	35.18	36.08	82.95	78.34	99.54	110	126	133
Raw Material	15.57	28.10	24.55	15.92	46.71	41.45	70.77	78.71	84.49	85.55
Others	15.57	28.10	24.55	15.92	46.71	41.45	70.77	78.71	84.49	—
Material Cost (%)	67.31	64.67	59.34	62.85	68.98	70.97	66.48	65.24	66.02	65.02
Employee Cost	1.06	1.59	1.20	1.97	6.75	5.10	7.05	8.49	8.90	11.49
Power & Fuel Cost	0.10	0.27	0.31	0.20	3.98	3.19	4.31	5.36	6.21	—
Operating Profit	0.58	2.75	1.15	1.91	0.69	3.46	7.32	6.31	5.48	2.39
Other Income	0.47	0.68	2.06	1.34	4.89	3.88	0.46	1.27	1.54	1.50
OPM (%)	2.32	6.67	3.18	5.03	0.82	4.23	6.85	5.42	4.18	1.77
Depreciation and Amortisation	0.82	0.93	1.17	0.78	2.43	2.10	2.22	2.20	1.87	1.67
Interest	0.98	1.30	1.23	1.13	3.68	3.47	4.90	5.28	5.51	4.27
Profit Before Tax	-0.75	1.19	0.82	1.33	-0.53	1.77	0.66	0.10	-0.36	-2.04
Tax	-0.09	0.37	0.25	0.38	0.20	0.02	0.18	0.14	-0.08	0.08
Net Profit	-0.66	0.82	0.58	0.95	-0.73	1.75	0.48	-0.03	-0.28	-2.12
Number of shares(Crs)	—	—	—	—	0.33	0.33	0.33	0.33	0.33	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

TTM Values as of Dec 2024

Cash Flow

Harish Textile Engineers Ltd.
Veejay Lakshmi Engg
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Sep'24
Cash from Operating Activity	—	—	2.43	-3.76	-6.88	1.43	0.55	6.05	10.88	9.37
Profit Before Tax	0.00	0.00	0.82	1.33	-0.53	1.77	0.66	0.10	-0.36	-2.01
Adjustments	—	—	2.10	1.39	2.85	2.84	7.16	7.12	8.98	9.14
OCF Before Working Capital	0.00	0.00	2.93	2.72	2.32	4.61	7.82	7.22	8.62	7.12
Working Capital Changes	—	—	-0.01	-6.45	-9.21	-2.76	-6.99	-1.14	2.40	2.35
Taxes Paid	—	—	-0.48	-0.03	0.01	-0.42	-0.28	-0.02	-0.13	-0.10
Cash from Investing Activity	—	—	-2.70	2.27	-3.33	-0.45	-6.74	-1.78	-1.46	-2.73
Net Fixed Assets Purchased	0.00	0.00	-2.77	-4.50	-6.20	-0.71	-6.19	-1.08	-1.68	-2.95
Fixed Assets Purchased	—	—	-2.96	-7.03	-10.30	-0.71	-6.39	-1.09	-1.69	-2.97
Fixed Assets Sold	—	—	0.19	2.53	4.10	0.00	0.19	0.01	0.01	0.02
Investment Purchased	—	—	-0.23	—	-0.48	—	—	—	—	—
Investment Sold	—	—	—	6.47	—	0.48	—	—	—	—
Interest Recieved	—	—	0.34	0.37	0.36	0.26	0.25	0.22	0.22	0.23
Dividends Recieved	—	—	—	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	—	—	-0.20	1.75	10.09	-0.59	7.25	-5.81	-9.32	-7.12
Proceeds From Shares	—	—	0.80	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	2.75	8.15	-0.71	7.09	-3.57	-3.93	-1.95
Proceeds From Borrowings	—	—	2.34	5.54	18.78	3.11	7.09	0.19	0.23	—
Repayment From Borrowings	—	—	-2.33	-2.78	-10.63	-3.82	—	-3.76	-4.16	-1.95
Interest Paid	—	—	-1.13	-0.98	-2.95	-3.45	-4.90	-5.26	-5.46	-4.97
Dividend Paid	—	—	—	—	—	—	—	—	—	—
Net Cash Flow	0.00	0.00	-0.47	0.27	-0.12	0.40	1.07	-1.53	0.10	-0.47
Opening Cash & Cash Equivalents	—	—	0.54	0.06	0.33	0.21	0.61	1.68	0.15	—
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	—	—	0.06	0.33	0.21	0.61	1.68	0.15	0.26	—
Net Capex (est)	0.00	0.00	2.77	4.50	6.20	0.71	6.19	1.08	1.68	2.95
Free Cash Flow (est)	0.00	0.00	-0.34	-8.26	-13.08	0.73	-5.64	4.98	9.20	6.42

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Harish Textile Engineers Ltd.
Veejay Lakshmi Engg
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	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.19	0.36	0.24	0.23	0.51	0.59	0.63	0.49	0.49
Liquid Assets (Crs)	1.76	9.43	8.80	7.08	26.67	28.08	33.66	26.61	30.02
Current Liabilities (Crs)	9.23	26.26	36.62	30.50	52.73	47.61	53.81	54.46	61.17
Current Ratio	0.58	0.56	0.48	0.54	0.84	0.87	0.89	0.84	0.75
Current Assets (Crs)	5.39	14.78	17.65	16.37	44.51	41.48	47.75	45.77	46.04
Current Liabilities (Crs)	9.23	26.26	36.62	30.50	52.73	47.61	53.81	54.46	61.17
Interest Coverage Ratio	0.23	1.91	1.67	2.17	0.86	1.51	1.13	1.02	0.94
EBIT (Crs)	0.23	2.49	2.05	2.46	3.15	5.24	5.56	5.38	5.15
Interest Expenses (Crs)	0.98	1.30	1.23	1.13	3.68	3.47	4.90	5.28	5.51
Fixed Asset Turnover	3.37	2.07	2.46	2.00	1.83	1.79	2.08	2.27	2.40
Net Sales (Crs)	24.80	41.17	36.33	37.99	83.64	81.80	107	116	131
Fixed Assets (Crs)	7.35	19.85	14.75	18.95	45.70	45.58	51.37	51.33	54.56
Cash Conversion Cycle	-30.39	-94.12	-190	-152	-36.87	-6.35	1.74	10.36	17.17
Inventory Days	50.03	35.96	69.52	87.13	59.21	69.71	46.94	52.12	49.01
Days Receivable	11.77	26.77	48.09	37.18	47.17	79.86	66.05	61.06	56.48
Days Payable	92.20	157	307	277	143	156	111	103	88.31
Debt to Equity Ratio	9.22	4.92	1.26	1.43	3.39	3.07	4.19	4.16	3.88
Total Debt (Crs)	8.73	8.72	8.82	11.55	24.82	27.91	40.13	39.67	35.90
Shareholders Equity (Crs)	0.95	1.77	6.99	8.06	7.33	9.09	9.57	9.54	9.25
Free Cash Flow/Sales (%)	0.00	0.00	-0.92	-21.73	-15.64	0.89	-5.28	4.27	7.02
Free Cash Flow(est) (Crs)	0.00	0.00	-0.34	-8.26	-13.08	0.73	-5.64	4.98	9.20
Net Sales (Crs)	24.80	41.17	36.33	37.99	83.64	81.80	107	116	131
Profitability Ratios
Gross Margin (%)	32.69	35.33	40.66	37.15	31.02	29.03	33.52	34.76	33.98
Op Profit Margin (%)	2.32	6.67	3.18	5.03	0.82	4.23	6.85	5.42	4.18
Operating Profit (Crs)	1.05	3.43	3.22	3.25	5.58	7.34	7.78	7.58	7.02
Net Sales (Crs)	24.80	41.17	36.33	37.99	83.64	81.80	107	116	131
Net Profit Margin (%)	-2.67	2.00	1.59	2.50	-0.87	2.14	0.45	-0.03	-0.22
Net Profit (Crs)	-0.66	0.82	0.58	0.95	-0.73	1.75	0.48	-0.03	-0.28
Net Sales (Crs)	24.80	41.17	36.33	37.99	83.64	81.80	107	116	131
ROCE (%)	2.47	24.71	20.89	17.81	15.68	25.04	21.95	23.70	31.34
EBIT (Crs)	0.23	2.49	2.05	2.46	3.15	5.24	5.56	5.38	5.15
Capital Employed (Crs)	9.28	10.08	9.81	13.84	20.08	20.93	25.34	22.71	16.45
Return on Assets (%)	-3.58	2.27	1.24	2.14	-1.00	2.56	0.61	-0.04	-0.36
Net Profit (Crs)	-0.66	0.82	0.58	0.95	-0.73	1.75	0.48	-0.03	-0.28
Total Assets (Crs)	18.51	36.35	46.43	44.34	72.81	68.54	79.15	77.18	77.61
ROIC (%)	-15.58	-52.82	0.77	11.54	-14.04	7.64	17.91	-6.76	22.85
Op Profit after Taxes (Crs)	-0.21	1.26	-0.01	0.81	-2.39	1.35	3.74	-1.30	2.85
Invested Capital (Crs)	1.36	-2.38	-1.05	6.97	16.99	17.64	20.86	19.17	12.46
ROE (%)	-69.88	46.51	8.25	11.77	-9.93	19.31	5.05	-0.34	-3.05
Net Profit Margin (%)	-2.67	2.00	1.59	2.50	-0.87	2.14	0.45	-0.03	-0.22
Asset Turnover ratio	1.34	1.13	0.78	0.86	1.15	1.19	1.35	1.51	1.69
Equity Multiplier	19.53	20.52	6.65	5.50	9.93	7.54	8.27	8.09	8.39
Adjusted EPS	-13.24	16.48	2.40	2.84	-2.18	5.26	1.45	-0.10	-0.85
Valuation Ratios
P/E	0.00	0.00	0.00	0.00	0.00	6.84	35.28	0.00	0.00
Price to Book	0.00	0.00	0.00	0.00	1.09	1.32	1.78	1.12	1.83
EV/EBITDA	8.75	2.54	3.47	4.48	5.76	5.35	7.13	6.62	7.49
Dividend Yield (%)	—	—	—	—	0.00	0.00	0.00	0.00	0.00

Quarterly Results

Harish Textile Engineers Ltd.
Veejay Lakshmi Engg
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In Rs. Cr.	Sep'22	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24
Net Sales	30.09	26.61	30.05	28.38	32.52	34.33	35.82	30.76	35.30	33.26
Operating Expenses	28.48	25.62	27.67	26.89	30.57	31.95	36.22	29.58	35.16	31.79
Increase/Decrease in Stock	-0.90	-1.04	0.26	-0.30	1.74	0.51	0.06	0.61	1.71	-0.06
Raw Material	21.16	17.79	18.52	18.52	20.06	22.21	23.71	19.64	20.65	21.56
Employee Cost	3.27	2.88	2.57	2.44	2.86	2.64	2.84	2.64	2.88	3.13
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	1.61	1.00	2.37	1.49	1.94	2.38	-0.40	1.18	0.14	1.47
Other Income	0.23	0.02	0.86	0.29	0.11	0.06	1.03	0.10	0.13	0.23
Interest	1.25	1.44	1.31	1.25	1.16	1.76	1.28	0.71	1.22	1.06
PBDT	0.59	-0.43	1.92	0.52	0.90	0.68	-0.65	0.58	-0.94	0.64
Depreciation and Amortization	0.57	0.53	0.47	0.50	0.52	0.44	0.41	0.41	0.42	0.43
Profit Before Tax	0.03	-0.95	1.45	0.02	0.38	0.24	-1.06	0.17	-1.36	0.21
Tax	-0.02	0.01	0.22	-0.02	-0.12	0.24	-0.20	0.06	-0.39	0.61
Profit After Tax	0.05	-0.96	1.23	0.04	0.50	-0.00	-0.86	0.10	-0.97	-0.39
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.05	-0.96	1.23	0.04	0.50	-0.00	-0.86	0.10	-0.97	-0.39
Quarterly Ratios
EPS	0.14	-2.87	3.69	0.12	1.50	-0.01	-2.59	0.31	-2.91	-1.18
Operating Profit Margin	5.34	3.74	7.90	5.24	5.98	6.94	-1.11	3.84	0.41	4.41
Net Profit Margin	0.16	-3.60	4.10	0.14	1.54	-0.01	-2.41	0.34	-2.75	-1.18

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

#N/A.0

Implied Growth Rate over a 5 year period*

#N/A.0

Implied Growth Rate over a 10 year period*

#N/A.0

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Harish Textile Engineers Ltd. Financials

How strong is Harish Textile Engin balance sheet?

Balance sheet of Harish Textile Engin is moderately strong, But short term working capital might become an issue for this company.

Is the debt of Harish Textile Engin increasing or decreasing?

Yes, The net debt of Harish Textile Engin is increasing.
Latest net debt of Harish Textile Engin is ₹36.41 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹35.41 Crs.

Is the profitablity of Harish Textile Engin improving?

No, profit is decreasing.
The profit of Harish Textile Engin is -₹2.12 Crs for TTM, -₹0.28 Crs for Mar 2024 and -₹0.03 Crs for Mar 2023.

Does Harish Textile Engin pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Harish Textile Engin latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Harish Textile Engin allocated its funds?

Companies resources are majorly tied in miscellaneous assets

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Harish Textile Engineers Ltd.

Harish Textile Engineers Ltd.

Has the share price of Harish Textile Engin grown faster than its competition?

Is Harish Textile Engin stock expensive?

How strong is Harish Textile Engin balance sheet?

Is the debt of Harish Textile Engin increasing or decreasing?

Is the profitablity of Harish Textile Engin improving?

Does Harish Textile Engin pay decent dividends?

How has Harish Textile Engin allocated its funds?

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