Harsha Engineers was founded by Harish Rangwala in 1986 and is now known as Harsha Engineers International Limited. The company has been the largest producer of precision-bearing cages in India. It is a major player in brass, steel and polyamide-bearing cages across the world.
Harsha Engineers has a global presence in the field of precision engineering with a diverse operation through four strategically located manufacturing setups. It is also into the production of precision components, multifaceted engraved components, welded assemblies, brass castings and bronze bushings.
Market capitalisation of Harsha Engineers stood at over ₹3,600 crores as of January 23, 2024. Harsha Engineers share price has moved by just over 1% in the last one year.
Business operations
Harsha Engineers International Limited (HEIL) operates manufacturing facilities in Changodar and Moraiya near Ahmedabad in Gujarat. It also has a production facility through its subsidiary in Changshu, China, and a step-down subsidiary in Ghimbav Brasov, Romania. It operates with a combined installed capacity of 4,596 metric tonnes per annum for castings and 1,065.63 million pieces per annum for bearing cages.
The company can cater to major international markets through its products. Its extensive supply chain network spans over 31 countries, with warehouses strategically located across more than 22 locations.
The company has a critical workforce of more than 250 engineers for research and development. Harsha Engineers is also into manufacturing solar power equipment and windmills. It has successfully generated electricity of over 1.2 million units through solar power and windmills.
HEIL's solar division, formerly known as Harsha Abakus Solar Private Limited, was established in 2010. The division offers extensive turnkey solutions for all solar photovoltaic (PV) needs. This has led to gaining the trust of clients spanning industrial, commercial, and utility sectors, and a 500+ MW installation base. The company has also commissioned various solar PV projects.
The company caters to diverse industries such as automotive, railways, aviation and aerospace, construction, mining, agriculture, electrical and electronics, and renewables. It offers over 7,500 bearing cages and more than 295 other products. Through continuous innovation, the company has successfully created over 1,200 products in different bearing types since 2018-19. During FY23 alone, Harsha Engineers International Limited added 330 additional products to its portfolio.
The company has also expanded in Europe in the wind sector being a top-quality supplier of bearing cages and brass bushes.
In the government sector, Harsha Engineers has played a key role in the modernisation of Indian Railways by providing the majority of bearing products for facilitating the Vande Bharat trains. The company holds a market share of around 5% to 6% in the organised sector of the worldwide brass steel polyamide bearing cages market, measured by revenue. It also has a 50% market share in the organised precision-bearing cages market in India. On a global scale, the company holds close to 6% market share in the same segment.
The resurgent Indian auto market after the pandemic has helped the company achieve major growth during FY23.
Harsha Engineers International Financial Highlights
- Revenue: Harsha Engineers International reported revenue of ₹1,664.77 crore in FY26 vs ₹1,445.38 crore in FY25. It showed an increase of 15.18% on a yearly basis.
- Operating Profit: Harsha Engineers International reported an operating profit of ₹215.25 crore in FY26 vs ₹135.68 crore in FY25. It showed an increase of 58.65% on a year-on-year basis.
- Net Profit: Harsha Engineers International reported a net profit of ₹155.20 crore in FY26 vs ₹89.31 crore in FY25. It showed an increase of 73.78% on a yearly basis.
Harsha Engineers International Quarterly Result Highlights
- Harsha Engineers International reported revenue of ₹462.56 crore in Jun 2026, compared with ₹484.36 crore in Mar 2026, representing a decrease of 4.50% on a quarter-on-quarter (QoQ) basis.
- Harsha Engineers International reported an operating profit of ₹53.00 crore in Jun 2026, compared with ₹65.39 crore in Mar 2026, representing a decrease of 18.95% on a quarter-on-quarter (QoQ) basis.
- Harsha Engineers International reported a profit of ₹37.38 crore in Jun 2026, compared with ₹47.23 crore in Mar 2026, reflecting a decrease of 20.86% on a QoQ basis.
- The earnings per share (EPS) of Harsha Engineers International stood at ₹17.05 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
