Haria Apparels (BSE: HARIAAPL) had a P/E of 11.1× on 6 Nov 2026, below the industry P/E of 17.0×, and the shares are 31% below their 52-week high. It earns ROCE of 16% and ROE of 11%, and net profit fell 15% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. The company has almost no debt. It is a small-cap company with a market cap of ₹7.49 Cr, ranked 231st of 246 Textile Manufacturing companies by market cap; the shares fell 28% over the past year.
- ₹4.90
- ₹4.90
- ₹4.88
- ₹4.94
- 2K
Health check
- ReturnsBehind
−28.3% over a year, better than 0 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Profit −15.2% a year over 3 years.
- ProfitabilityAverage
ROCE 15.8% vs peer median 10.7%.
- Balance sheetFair
Practically debt-free, Piotroski 6 of 9.
- Red flags5 to check
Quarterly profit down 12.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹7.49 Cr
- Small cap
- P/E
- 11.1
- Industry 17.0
- Price to book
- 1.09
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 11.0%
- Peers 10.1%
- ROCE
- 15.8%
- Peers 10.7%
- Debt to equity
- 0.04
- Debt ₹0.28 Cr
- EPS (TTM)
- ₹0.44
- OPM (TTM)
- −11.1%
- Net margin 7.0%
- Sales growth
- −2.6%
- Latest quarter vs a year ago
- Profit growth
- −12.4%
- Latest quarter vs a year ago
- Price to sales
- 0.77
- EV/EBITDA 6.2
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 12.4% on a year ago.
- Quarterly sales down 2.6% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 31% below its 52-week high.
- Interest coverage of only −3.0×.
About Haria Apparels
Haria Apparels Limited engages in the manufacturing and sale of textiles and fabrics in India. It also manufactures apparel products. The company was incorporated in 2011 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Sector
- Consumer Cyclical
- ISIN
- INE493N01012
- Website
- hariaapparels.com
Price range
- Avg volume (3M)
- 5K
- 1-year return
- minus 28.3%
- From 52-week high
- minus 31.0%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| HARIAAPLHaria Apparels | 4.90 | minus 0.81% | 7 | 11.1 | 1.09 | 15.8% | 11.0% | −11.1% | – | −15.2% | 0.00% | minus 28.3% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1 | 3.4 | 3.4 | 2 | 0.9 | |
| 1.2 | 3.7 | 3.8 | 2.1 | 1.1 | |
| −0.2 | −0.3 | −0.5 | −0.2 | −0.2 | |
| −21.4% | −9.2% | −13.3% | −7.9% | −17.3% | |
| 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | |
| 0 | 0 | 0.1 | 0.2 | 0.1 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.3 | 0.2 | −0.1 | 0.2 | 0.3 | |
| – | – | – | −39.9% | – | |
| 0.3 | 0.2 | −0.1 | 0.3 | 0.3 | |
| 0.21 | 0.13 | -0.04 | 0.17 | 0.18 |
Profit & loss
- Profit CAGR 3Y
- −15.2%
- EPS CAGR 3Y
- −15.2%
- ROE
- 11.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | – | – | 9.7 | |
| – | – | – | 10.8 | |
| −0.8 | −1.1 | −1.2 | −1.1 | |
| – | – | – | −11.6% | |
| 2.3 | 2.4 | 2.4 | 2.5 | |
| 0.2 | 0.3 | 0.2 | 0.4 | |
| 0.2 | 0.2 | 0.2 | 0.2 | |
| 0 | 0 | – | −0 | |
| 1.2 | 0.9 | 0.8 | 0.8 | |
| 0.6% | 0.1% | 0.4% | −8.6% | |
| 1.2 | 0.9 | 0.8 | 0.7 | |
| – | minus 24.0% | minus 6.3% | minus 14.5% | |
| 0.77 | 0.58 | 0.55 | 0.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.3 | 15.3 | 15.3 | 15.3 | |
| −10.9 | −10 | −9.2 | −8.4 | |
| 1.5 | 1.3 | 0.5 | 1.1 | |
| 8.6 | 8.5 | 8.5 | 9 | |
| 14.4 | 15.1 | 15.1 | 17 | |
| 2.2 | 3 | 2.9 | 2.6 | |
| 0.3 | 0.8 | 0.9 | 0.1 | |
| 0 | 0 | 0 | 0 | |
| 0.2 | 0.1 | 0.3 | 0.2 | |
| 11.8 | 11.1 | 11 | 14.2 | |
| 14.4 | 15.1 | 15.1 | 17 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.1 | 0.4 | 1.4 | 1.2 | |
| −0.7 | −0.1 | −0.2 | −0.7 | |
| −0.5 | −0.4 | −1 | −0.6 | |
| −0.1 | −0 | 0.2 | −0.1 | |
| −0.5 | −0.4 | – | −0.7 | |
| 0.5 | 0 | 1.4 | 0.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.