Harsha Engineers International (NSE:HARSHA) EBIT: ₹2,315 Mil (TTM As of Mar. 2026)


NSE:HARSHA Harsha Engineers International Ltd NSE:HARSHA
86 GF Score
Price ₹416.25
GF Value ₹496.11
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Harsha Engineers International EBIT?

Harsha Engineers International NSE:HARSHA -3.02% 86 EBIT is ₹2,315 Mil as of Mar. 2026. GuruFocus rates NSE:HARSHA with a GF Score™ of 86/100 and a GF Value™ of ₹496.11 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Harsha Engineers International's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹712 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,315 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Harsha Engineers International's annualized ROC % for the quarter that ended in Mar. 2026 was 11.12%. Harsha Engineers International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.77%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Harsha Engineers International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.00%.


Harsha Engineers International  (NSE:HARSHA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Harsha Engineers International's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2423.6 * ( 1 - 27.77% )/( (0 + 15741.6)/ 1 )
=1750.56628/15741.6
=11.12 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Harsha Engineers International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2847.6/( ( (0 + max(0, 0)) + (6336.9 + max(5641.8, 0)) )/ 1 )
=2847.6/( ( 0 + 11978.7 )/ 1 )
=2847.6/11978.7
=23.77 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3779.6 + 3939.8 + 594.6) - (1929.4 + 0 + 742.8)
=5641.8

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Harsha Engineers International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2315.1/38602.700
=6.00 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Harsha Engineers International EBIT Related Terms


Harsha Engineers International EBIT Historical Data

* Premium members only.

The historical data trend for Harsha Engineers International's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Harsha Engineers International EBIT Chart

Harsha Engineers International Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial 1,488.40 1,829.60 1,604.50 1,444.50 2,315.10

Harsha Engineers International Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.50 556.30 526.20 520.70 711.90

NSE:HARSHA vs SNA, RBC, LECO: EBIT Comparison

For the Tools & Accessories subindustry, Harsha Engineers International's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Harsha Engineers International EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harsha Engineers International's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Harsha Engineers International's EV-to-EBIT falls into.


NSE:HARSHA
86GF Score
Harsha Engineers International Ltd NSE:HARSHA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Harsha Engineers International EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,315 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹2,315 Mil mean?
Harsha Engineers International (NSE:HARSHA) has a EBIT of ₹2,315 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harsha Engineers International.
Is Harsha Engineers International's EBIT too high?
Harsha Engineers International's current EBIT is ₹2,315 Mil. Overall, Harsha Engineers International has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harsha Engineers International's EBIT compare to SNA and RBC?
Harsha Engineers International's EBIT of ₹2,315 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Industrial Products company?
A good EBIT depends on the Industrial Products industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Harsha Engineers International. Harsha Engineers International's current EBIT is ₹2,315 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harsha Engineers International stock overvalued right now?
Based on GuruFocus' analysis, Harsha Engineers International (NSE:HARSHA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹496.11, compared to a current price of ₹416.25 — trading 16.1% below its estimated fair value. The current EBIT is ₹2,315 Mil. Harsha Engineers International's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Harsha Engineers International (NSE:HARSHA), the current EBIT is ₹2,315 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Harsha Engineers International (NSE:HARSHA) Overvalued in 2026?

Based on GuruFocus' analysis, Harsha Engineers International stock appears to be undervalued. The current stock price of ₹416.25 is trading 16.1% below its estimated GF Value™ of ₹496.11. GuruFocus considers Harsha Engineers International to be Modestly Undervalued.

Key valuation signals for NSE:HARSHA:

  • EBIT: ₹2,315 Mil
  • GF Value™: ₹496.11 vs. price of ₹416.25 (16.1% below fair value)
  • GF Score™: 86/100 with 6 warning signs

No single metric tells the full story. See the NSE:HARSHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harsha Engineers International Business Description

Other Exchanges 543600:India
Address NH-8A,Sarkhej-Bavla Highway, Changodar, Ahmedabad, GJ, IND, 382213
Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.
86GF Score

Get the complete analysis for NSE:HARSHA

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹416.25
Price
₹496.11
GF Value