Harish Textile Engineers Limit (HARISH.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+401.3%

₹340.87

vs ₹68.00 price

Levered DCF

₹496.31

After debt service

Piotroski score

—

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	4.13×	103.91×	-63.51×	-511.77×	34.48×	9.51×	-22.94×	17.61×
P/B	1.58×	2.75×	1.95×	1.75×	1.74×	1.84×	2.27×	2.07×
P/S	0.17×	0.19×	0.14×	0.14×	0.16×	0.2×	0.2×	0.44×
EV / EBITDA	4.02×	9.68×	8.65×	8.53×	7.72×	6.24×	8.64×	8.99×
Gross margin	40.1%	36.1%	30.4%	30.7%	29.8%	26.4%	28.1%	30.5%
Operating margin	7.9%	2.7%	5.1%	3.9%	4.9%	2.7%	-1.9%	3.1%
Net margin	4.0%	0.2%	-0.2%	-0.0%	0.5%	2.1%	-0.9%	2.5%
Current ratio	0.74×	0.67×	0.75×	0.84×	0.89×	0.87×	0.84×	0.53×
Debt / equity	2.09×	3.56×	3.9×	4.19×	4.23×	3.12×	3.54×	1.43×
Interest coverage	2.8×	0.89×	1.41×	1.04×	1.22×	0.69×	-0.53×	1.17×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	38.4%	2.6%	-3.1%	-0.3%	5.0%	19.3%	-9.9%	11.8%
Return on invested capital	17.9%	8.4%	11.2%	-2.8%	7.5%	5.7%	-4.6%	4.0%
Return on assets	6.9%	0.3%	-0.4%	-0.0%	0.6%	2.6%	-1.0%	2.2%
Free cash flow yield	25.3%	32.3%	59.7%	30.8%	-1.4%	5.7%	-41.2%	-22.9%
Earnings yield	24.2%	1.0%	-1.6%	-0.2%	2.9%	10.5%	-4.4%	5.7%
Enterprise value	₹524M	₹560.5M	₹539.1M	₹566M	₹555.2M	₹444.4M	₹424.4M	₹279M
Net debt / EBITDA	2.26×	5.45×	5.76×	6.02×	5.4×	3.9×	5.24×	3.61×
Cash conversion cycle (days)	38	35	49	55	41	-50	33	-76