Buy Harsha Engineers International, target price Rs 460: JM Financial

JM Financial has buy call on Harsha Engineers International with a target price of Rs 460. The current market price of Harsha Engineers International is Rs 392.6.

Harsha Engineers International Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 3577.12 Crore) operating in General sector.

Harsha Engineers International Ltd. key Products/Revenue Segments include Domestic Appliances, Sale of services, Export Incentives, Solar Power for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 346.14 Crore, down -1.65 % from last quarter Total Income of Rs 351.96 Crore and up 6.10 % from last year same quarter Total Income of Rs 326.24 Crore. Company reported net profit after tax of Rs 20.39 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.61 per cent stake in the company as of 30-Sep-2023, while FIIs owned 1.86 per cent, DIIs 9.19 per cent.