Harsha Engineers International Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HARSHA, BSE:543600 Harsha Engineers International Ltd.

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Harsha Engineers International Ltd.

07 Aug 2025

Harsha Engineers International (HARSHA IN) Q1FY26 Result Update ...

Hold: Harsha Engineers Internati...

Target

Prabhudas Lilladhar

reporting a 6.4% YoY increase in revenue, although EBITDA margin contracted by 90bps YoY to 15.2%. The quarter saw signs of recovery in European demand, supporting an ~18% YoY revenue growth in the Romania operations, while demand from the US softened due to ongoing tariff-related uncertainties. commercialization of Harsha's greenfield expansion, Advantek, is expected to support domestic growth. With strong traction in the bushings segment, management anticipates ~30% YoY growth in bushing revenue and maintains a high single-digit growth guidance for the consolidated business in FY26....

Harsha Engineers International Ltd. is trading below all available SMAs

Harsha Engineers International Ltd.

07 Aug 2025

Harsha Engineers: Q1FY26 Result Review

Hold: Harsha Engineers Internati...

Target

IDBI Capital

Harsha Engineers (Harsha) delivered results above our estimates. Revenue, EBITDA and PAT grew by 6%, 1% and 5% respectively on YoY basis. Green shoots were seen in the way of improvement in industrial demand in Europe which led to 18% YoY revenue growth in Harsha Romania for the quarter. Harsha also witnessed healthy demand improvement for large sized cages as well. Positive signs were also seen in improving demand for bearing cages in India however auto demand remained sluggish. However the management asserted that it will take at least 2 quarters to consider this as a sustainable demand trend. The...

Harsha Engineers Int.. has an average target of 406.50 from 2 brokers.

Harsha Engineers International Ltd.

09 May 2025

Harsha Engineers International (HARSHA IN) Q4FY25 Result Update ...

Accumulate: Harsha Engineers Internati...

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Prabhudas Lilladhar

We believe that the continued pain in Romania may impact mid-term consolidated financial performance of the company however, HARSHA's longterm outlook remains positive given its 1) market leadership in bearing cages, 2) greenfield capacity expansion plans, and 3) multiple levers for growth viz. i) bearing cage outsourcing, ii) capex by global bearing players in India and iii) growing demand for bronze bushings. The stock is currently trading at a P/E of 23.5x/19.7x on FY26/27E earnings. We maintain Accumulate' rating with a...

Harsha Engineers International Ltd. is trading below all available SMAs

Harsha Engineers International Ltd.

14 Feb 2025

Harsha Engineers International (HARSHA IN) Q3FY25 Result Update ...

Accumulate: Harsha Engineers Internati...

Target

Prabhudas Lilladhar

We revise our FY26/27E EPS estimates by -13.1%/-8.2% factoring in continued slowdown in Romania. Harsha Engineers International (HARSHA) reported a 4.5% YoY revenue increase, with an EBITDA margin expansion of 37bps to 12.6%. Domestic demand for cages and bushings remained resilient, though key export markets, including Europe and the USA, experienced weakness, along with soft demand from Japanese customers. While China showed steady improvement, Romania's outlook remained subdued as management's efforts to optimize the product mix yielded no results. The company's long-term supply...