Harsha Engineers International Ltd

Harsha Engineers: New Contracts, Expansion & Growth Insights 📈

- New long-term bushing contract to generate peak annual sales of ₹117cr over 2-3 years

- Harsha Advantek greenfield site commissioned in May 2025, with initial Q1 FY26 sales of ₹2 lakh

- FY26 consolidated top-line growth target: low-teens for India Engineering biz, higher single-digit overall

- Expect 50% reduction in losses from Romania & China ops vs FY25

- Consolidated working capital cycle at 139 days

- China ops performing well with steady revenue & profit growth

- Solar biz running smoothly with minimal oversight

- Bushing product revenue expected to grow ≥30% in FY26 (vs ₹100cr in FY25)

- Stamping sales flat in Q1 FY26

- Harsha Romania showed strong revenue growth in Q1 FY26

- Advantek posted negative bottom line due to higher overheads

- Industrial demand improving in Europe, boosting Romania sales & India exports

- Large-sized cage sales up significantly in India & Europe

- India Engineering biz maintained Q4 FY25 performance levels in Q1 FY26

- Slow but steady progress in Japan market expansion

- ₹44cr capex in Q1 FY26 (mostly for Bhayla site), with ₹100cr more planned over next 1.5 years