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HARSHA (HARSHA) Fair Value & Analysis

Industrials · Market cap ₹38.2B

H HARSHA HARSHA · NSE
Price₹415.65
Fair Value₹306.27
Upside-26.3%
Quality56/100
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Evidence: High Range ₹220.72 – ₹436.48

Fair value as of: Jul 3, 2026

From 16 valuation models · updated today

Share price +5.3% over the past month.

Price vs Fair Value (12 months)

₹438.75 ₹314.25 Fair Value ₹306.27 Jul 2025 Jul 2026

12‑month range ₹314.25 – ₹438.75 · fair‑value band ₹220.72 – ₹436.48 · the ₹415.65 price screens above the ₹306.27 fair value. As of Jul 3, 2026.

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Analysis

HARSHA (HARSHA) currently trades at ₹415.65, while our model-based Fair Value estimate is ₹306.27 — implying the stock looks roughly 26.3% overvalued today. We read business quality at 56/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, HARSHA generated revenue of ₹16.3B at a net margin of 9.5%. Revenue grew 27.1% year over year. It earns a return on equity of 11.7%. Net debt stands at ₹3.3B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹16.3B
Revenue growth (YoY) +27.1%
Net margin 9.5%
Return on equity 11.7%
Free cash flow −₹557M FY2026
P/E ratio 24.6
More key figures
Operating margin 12.8%
EPS (TTM) ₹17.04
Dividend yield 0.4%
EPS growth (YoY) +25.9%
Net debt ₹3.3B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

HARSHA reported revenue of ₹16.3B in FY2026 versus ₹13.1B in FY2022, a compound +5.6%/yr. Reported net income was ₹1.6B in FY2026, compounding +14.0%/yr from FY2022.

Revenue +5.6%/yr
FY22 ₹13.1B
FY23 ₹13.6B
FY24 ₹13.9B
FY25 ₹14.1B
FY26 ₹16.3B
Net income +14.0%/yr
FY22 ₹920M
FY23 ₹1.2B
FY24 ₹1.1B
FY25 ₹893M
FY26 ₹1.6B

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Frequently asked questions

Is HARSHA (HARSHA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹306.27 versus a price of ₹415.65 — about −26% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HARSHA?
Our model-based fair value for HARSHA is ₹306.27 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹415.65.
What is the quality score of HARSHA?
HARSHA has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of HARSHA (HARSHA)?
HARSHA reported trailing-twelve-month revenue of about ₹16.3B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of HARSHA?
The net profit margin of HARSHA is about 9.5%, meaning it keeps roughly 9.5% of revenue as net income. Based on the latest reported figures.
Does HARSHA pay a dividend?
HARSHA currently shows a dividend yield of about 0.36% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.