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Incorporated in 2010, Harsha Engineers Ltd is a leading engineering company that offers a diversified suite of products across geographies and end-user industries. It manufactures brass, steel, and polyamide cages and stamped components with production facilities located in Asia (India & China) and in Europe (Romania).
Harsha Advantek will invest Rs. 110 Cr to add 12 Mio pieces capacity for bushing, cages, and stamping products within 18 months. This strategic expansion aims to drive revenue growth and leverage market opportunities.
Harsha Engineers' Board approved FY26 consolidated PAT of Rs. 155.20 Cr and standalone PAT of Rs. 176.80 Cr. A final dividend of Rs. 1.50/share was proposed. The company also approved an Employee Stock Option Plan 2026 (ESOP) for 18 lakh options.
Harsha Engineers' China subsidiary will invest ~$82.5 Cr (USD 9.94M) in a brownfield expansion. This 2-year project adds 5.84 million pieces capacity, aiming to boost revenue and market share in China's bearing cage market.
Harsha Engineers' wholly-owned subsidiary, Harsha Engineers Advantek, has relocated its entire plant and operations from a leased facility to a new plant. The company expects no material financial impact from this operational shift.
Harsha Engineers' Board proposed a Rs. 1 per share dividend for FY25. Shareholders should note that dividend income is now taxable, with the company deducting tax (TDS) at source. Resident shareholders typically see 10% TDS, or nil for small amounts/with valid Forms 15G/15H. Inoperative PANs incur 20% TDS. Non-residents face...