Harish Textile Engineers (BSE: HARISH) had a P/E of 4.1× on 6 Nov 2026, below the industry P/E of 33.8×, and the shares are 14% below their 52-week high. Sales grew 6.0% a year over 3 years; its ROCE of 66% is the highest among the 7 largest Specialty Industrial Machinery peers. It is a small-cap company with a market cap of ₹22 Cr, ranked 133rd of 138 Specialty Industrial Machinery companies by market cap; the shares rose 11% over the past year.
- ₹66.91
- ₹67.40
- ₹61.04
- ₹66.91
- 2K
Health check
- ReturnsIn line
+11.4% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 4.1 vs industry 33.8.
- GrowthSlow
Sales +6.0% a year over 3 years.
- ProfitabilityStrong
ROCE 66.3% vs peer median 24.8%.
- Balance sheetFair
Piotroski 8 of 9.
- Red flags1 to check
Quarterly profit down 22.9% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹22 Cr
- Small cap
- P/E
- 4.1
- Industry 33.8
- Price to book
- n/a
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- 47.5%
- Peers 19.1%
- ROCE
- 66.3%
- Peers 24.8%
- Debt to equity
- n/a
- EPS (TTM)
- ₹15.87
- OPM (TTM)
- 8.8%
- Net margin 0.0%
- Sales growth
- +24.2%
- Latest quarter vs a year ago
- Profit growth
- −22.9%
- Latest quarter vs a year ago
- Price to sales
- 0.16
Strengths and risks
Strengths
- Return on equity of 47.5%.
- Return on capital employed of 66.3%.
- Quarterly sales up 24.2% on a year ago.
- P/E of 4.1 against an industry P/E of 33.8.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 22.9% on a year ago.
About Harish Textile Engineers
Harish Textile Engineers Limited engages in the manufacture of textile machines in India. Its products include stenter machines, coaters, hydraulic jiggers, relax scouring range, dye padder machines, rotary printing machines, weight reduction range, calendaring units, washing range machines, relax dryers, and curing machines. The company also offers nonwoven fabrics, including automotive interior, filtration, shoe liner, activated carbon, and industrial…
- Headquarters
- Mumbai
- Sector
- Industrials
- ISIN
- INE01K301012
- Website
- harishtextile.com
Price range
- Avg volume (3M)
- 2.2K
- 1-year return
- plus 11.4%
- From 52-week high
- minus 14.0%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| HARISHHarish Textile Engineers | 64.96 | minus 2.91% | 22 | 4.1 | 3.6 | 66.3% | 8.8% | – | 6.0% | plus 11.4% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 31.8 | 35 | 35.3 | 36.4 | 39.4 | |
| 29.1 | 31.9 | 31.7 | 33.1 | 36.5 | |
| 2.7 | 3.1 | 3.6 | 3.3 | 2.9 | |
| 8.5% | 9.0% | 10.2% | 9.0% | 7.4% | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0 | |
| 0.8 | 1.3 | 0.9 | 0.9 | 1.3 | |
| 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | |
| 1.5 | 1.5 | 2.4 | 2 | 1.3 | |
| 22.9% | 33.1% | 36.2% | 7.0% | 30.0% | |
| 1.2 | 1 | 1.5 | 1.9 | 0.9 | |
| 3.48 | 3.08 | 4.58 | 5.53 | 2.68 |
Profit & loss
- Sales CAGR 3Y
- +6.0%
- ROE
- 47.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 116 | 131 | 132 | 138 | |
| – | +12.7% | +0.7% | +5.0% | |
| 110 | 124 | 126 | 124 | |
| 6.7 | 6.8 | 6 | 14.1 | |
| 5.8% | 5.2% | 4.5% | 10.2% | |
| 0.3 | 3 | 3 | 0.2 | |
| 4.3 | 5.4 | 4.1 | 3.3 | |
| 2.2 | 1.9 | 1.7 | 1.7 | |
| −0.4 | −3 | −3 | −1.8 | |
| 0.1 | −0.5 | 0.2 | 7.4 | |
| 131.5% | 22.1% | −51.3% | 25.0% | |
| −0 | −0.4 | 0.2 | 5.5 | |
| -0.10 | -1.12 | 0.71 | 16.60 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.3 | 3.3 | 3.3 | 3.3 | |
| 5.8 | 5.4 | 5.6 | 11.1 | |
| 40 | 36.1 | 31.7 | 30.2 | |
| 28 | 32.8 | 35.6 | 35.7 | |
| 77.1 | 77.6 | 76.2 | 80.4 | |
| 28 | 27.7 | 28.8 | 22.1 | |
| 1.7 | – | 0.9 | 1.7 | |
| 2.2 | 2.8 | 3 | 3.9 | |
| 0.1 | 0.2 | 0.1 | 0.7 | |
| 45.1 | 46.9 | 43.5 | 52 | |
| 77.1 | 77.6 | 76.2 | 80.4 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.1 | 10.9 | 10.7 | 7.4 | |
| −1.8 | −1.5 | −2.4 | −1.3 | |
| −5.8 | −9.3 | −8.4 | −5.3 | |
| −1.5 | 0.1 | −0.1 | 0.8 | |
| −0.9 | −1.7 | −2.8 | −1.6 | |
| 5.1 | 9.2 | 7.9 | 5.8 |
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
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