Why is Harish Textile Engineers Ltd ?
1
High Debt company with Weak Long Term Fundamental Strength
- Poor long term growth as Net Sales has grown by an annual rate of 14.21% over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at 3.94 times
- The company has been able to generate a Return on Capital Employed (avg) of 9.84% signifying low profitability per unit of total capital (equity and debt)
2
Underperformed the market in the last 1 year
- Even though the market (BSE500) has generated returns of 2.37% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -30.25% returns
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Manufacturing)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Harish Textile for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Harish Textile
11.26%
-0.48
63.19%
Sensex
-11.8%
0.44
11.83%
Quality key factors
Factor
Value
Sales Growth (5y)
8.58%
EBIT Growth (5y)
27.73%
EBIT to Interest (avg)
1.25
Debt to EBITDA (avg)
6.00
Net Debt to Equity (avg)
2.03
Sales to Capital Employed (avg)
2.70
Tax Ratio
26.26%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.05%
ROCE (avg)
10.98%
ROE (avg)
9.72%
Valuation Key Factors 
Factor
Value
P/E Ratio
4
Industry P/E
54
Price to Book Value
1.52
EV to EBIT
4.58
EV to EBITDA
3.97
EV to Capital Employed
1.17
EV to Sales
0.35
PEG Ratio
0.01
Dividend Yield
NA
ROCE (Latest)
25.03%
ROE (Latest)
36.57%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Sideways
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
Technical Movement
12What is working for the Company
ROCE(HY)
Highest at 25.31%
NET SALES(Q)
Highest at Rs 39.44 cr
PAT(9M)
Higher at Rs 4.26 Cr
-2What is not working for the Company
PBT LESS OI(Q)
Lowest at Rs 1.24 cr.
EPS(Q)
Lowest at Rs 2.69
Loading Valuation Snapshot...
Here's what is working for Harish Textile
Profit After Tax (PAT) - Nine Monthly
At Rs 4.26 cr has Grown at 86.03%
Year on Year (YoY)MOJO Watch
PAT trend is very positive
PAT (Rs Cr)
Net Sales - Quarterly
Highest at Rs 39.44 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Profit After Tax (PAT) - Nine Monthly
Higher at Rs 4.26 Cr
than preceding 12 month period ended Jun 2026 of Rs 3.31 crMOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
PAT (Rs Cr)
Here's what is not working for Harish Textile
Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at Rs 1.24 cr.
in the last five quartersMOJO Watch
Near term PBT trend is negative
PBT less Other Income (Rs Cr)
Earnings per Share (EPS) - Quarterly
Lowest at Rs 2.69
in the last five quartersMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (Rs)