Share of Harsha Engineers International Limited is currently trading at around Rs.474/– Investors are asking for the Harsha Engineers Share Price Target 2025,2030,2035 and 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the Harsha Engineers Share Price Target for 2025, 2030,2035 and 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of Harsha Engineers International Ltd:
Harsha Engineers International Ltd., a prominent player in the engineering industry, has exhibited a mixed financial performance over recent quarters. In Q2 FY2024-25 (July-September 2024), the company reported a 42.03% increase in consolidated net profit, reaching ₹28.96 crore compared to ₹20.39 crore in the same quarter the previous year. Sales during this period rose by 3.86% to ₹352.58 crore from ₹339.49 crore.
However, MarketsMojo downgraded the company’s stock to a ‘Sell’ rating in November 2024, citing poor long-term growth and lackluster financial results. The downgrade was based on a 2.60% annual growth in net sales and a -0.62% growth in operating profit over the past five years. Additionally, the company reported a 14% decline in Profit Before Tax (PBT) and a 5.7% decrease in Profit After Tax (PAT) compared to the average of the previous four quarters.
In Q1 FY2024-25 (April-June 2024), Harsha Engineers reported a 46.66% increase in net profit to ₹36.05 crore, despite a 1.38% decline in sales to ₹343.16 crore.
For the full fiscal year ending March 2024, net profit declined by 9.61% to ₹111.43 crore, while sales rose by 2.07% to ₹1,392.30 crore.
Looking ahead, the company’s future prospects appear cautious. The recent downgrade to a ‘Sell’ rating reflects concerns about its growth trajectory and financial health. While the company has demonstrated strong debt servicing capabilities, with a low debt to EBITDA ratio of 1.00, the declining profits and modest sales growth suggest potential challenges in sustaining momentum. The majority shareholding by promoters may also influence future strategic decisions.
In summary, while Harsha Engineers International Ltd. has shown periods of profit growth, the overall financial performance indicates a need for strategic reassessment to enhance long-term growth and shareholder value.
Share Price Targets:
Harsha Engineers Share Price Target 2025
Based on the above discussion and analysis, the share price of Harsha Engineers International Ltd may touch the level of around Rs.525-575 in 2025.
Harsha Engineers Share Price Target 2030
Based on the above discussion and analysis, the share price of Harsha Engineers International Ltd may touch the level of around Rs.925-1000 in 2030.
Harsha Engineers Share Price Target 2035
Based on the above discussion and analysis, the share price of Harsha Engineers International Ltd may touch the level of around Rs.1600-1750 in 2035.
Harsha Engineers Price Target 2040
Based on the above discussion and analysis, the share price of Harsha Engineers International Ltd may touch the level of around Rs.2750-3000 in 2040.
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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