Global Bearings Market – Bearings have comprehensive usage across a wide variety of equipment and machinery, including agricultural machinery, as well as automotive components, defense, and aerospace systems. In 2023, the market size of global bearings was valued at USD 120.98 billion and is forecasted to observe a growth of CAGR of 8.5% from 2024 to 2030. In 2023, the automotive industry was top player in bearings market, making contribution of market share of 49%. The automotive segment has captured huge market share with huge production at global level. Moreover, the increasing requirement of vehicles with modern technological solutions is bringing vehicle manufacturing, which increases the supply of instrumented products. In 2023, the Asia-Pacific region was top leader in bearing market with revenue share of 40%.
Indian Bearings Market – The market size of Indian bearings was valued at USD 2,179 million in 2023, is forecasted to observe a huge growth, reaching USD 6,714 million by 2032. This development is forecasted to increase at a CAGR of 13.5% between 2024 and 2032, which shows strong and increasing trend. In 2023, Western India, Gujarat, and Maharashtra played key role in bearings market by making contribution of 54.5% of total market revenue. Furthermore, the automotive industry generates 60% of revenue bearings market. The development of bearings market has been basically dependent on economic growth worldwide, which has led to increasing demand for bearings among various industries.
Global Stamping Market – Stamping is a metal production process which transforms flat metal sheets into different shapes and sizes. It includes various methods such as blanking, coining, and blending. Stampers are the machines used for process which make use of computer tools to build designs. In 2023, the market size of global stamping market was projected at USD 236.83 billion and is forecasted to increase at a CAGR of 4.2% from 2024 to 2030. Rising investments in construction sector, specially in Asia-Pacific is increasing requirement of stamped metal parts. Furthermore, increasing requirement of tailored products in several industries is forecasted to receive benefit from stamping market.
Indian Stamping Market – The market size of Indian automotive market reached at USD 4,655.9 million in 2023 and is forecasted to observe at CAGR of 4.4% from 2023 to 2030. This development is observed due to strong increment in India’s automotive segment, encouraged by rise in car production and sales. India has attained top position in Asia-Pacific region in stamping market. There are many factors which are responsible for development in this sector such as rising demand for stamped components across different industries, the acceptance of modern technologies, and government initiatives with purpose of increasing domestic production.
Global Solar Industry – The market size of global solar power is forecasted to increase from USD 253.69 billion in 2023 to USD 436.36 billion by 2032, increasing at a CAGR of 6% in projected period. In past few years, power generation has made huge impact on growing population in developing countries. With increasing awareness about carbon-reducing measures, generating electricity through renewable energy sources is considered most genuine alternative compared to conventional sources such as coal and oil products. The costs connected with solar energy have been reduced, there adoption has increased within energy generation sector.
Indian Solar Industry – India has attained huge growth in solar energy sector by attaining 4th ranking at worldwide in solar power capacity. In past 5 years, the country has observed massive change, observing increments in solar installed capacity from 21,651 MW to 70,096 MW as of 2023. With huge support and initiatives such as Production Linked Incentives (PLI), India is working to achieve 500 GW of renewable energy production capacity by 2030. In this article, we will learn interesting information about Harsha Engineers International Ltd Share Price Target, market cap, ROCE, ROE, promoters, shareholding pattern, headquarters, revenue, and net profit.
Harsha Engineers International Ltd – Key Points
Name of Promoter
Rajendra Shah, Harish Rangwala, and Vishal Rangwala
Industry
Precision Engineering
Established
1986
Headquarters
Ahmedabad, Gujarat
Employees
1,731
Bearing cages produced
6,494 lakh pcs
Stock Keeping units (SKUs)
344
No. of manufacturing units
5
Harsha Engineers International Ltd – Statistics
Market cap
Rs 3,379 crores
ROCE
13.4%
ROE
10.6%
No. of warehouses
22
Trademarks owned
4
New SKUs launched
344
Net worth
1175.28 crores
About Harsha Engineers International Ltd
The company was founded in 1986, the purpose of Harsha Group is to provide seamless engineering solutions and increase the impact of engineering on society. At present, harsha engineers International limited (is also known as ‘HEIL’ or ‘Harsha Engineers’) is a top player in Indian precision bearing cage production segment with a market share of 50-60% in organised segment. At world level, the company has captured market share of 6.5% in organised bearing cages for steel, brass, and polyamide. The company’s wide varity of bearing cages includes from 20 mm to 2000 mm in diameter. The product portfolio includes bronze, bronge, bushing, and polyamide cages among with steel cages and stamped components. Moreover, the company provides extensive turnkey solutions for solar photovoltaic requirements in solar engineering, procurement, and construction segment.
With improvement in engineering and increasing requirements of bearings, the company is consistently providing its services to clients with compelete accuracy of its products. By using in-house product building and innovation centre, the company has build 344 new products in 2023-24.
The company has grown to become largest manufacturers of precision bearing cages in India’s organised segment with rising global market share of 5 to 6% in steel, brass, and polyamide sector. The company gibes priority to improvement and modern technology the company consistently improves its products to fulill various customer requirements. The in-built specialisation in modern tool design and growth allows us to develop complicated and detailed products.
The manufacturing units are systematically located in India (Changodar and Moraiya near Ahmedabad), China (Changshu), and Romania (Ghimbav Brasov). The product basket includes steel, polyamide cages, brass, complex stamped components, brass castings, welded assemblies, and bronze bushings. The company has made strong commitment to build better products and growth and have a talented team of engineers who design and build modern tooling in-house. This encourages us to manufacture complicated products and fulfill various requirements of customers. The company is very passionate about modern technologies, tailored needs, and strict measures of manufacturing and environmental standards. These factors have supported to build strong position as top player in precision engineering sector.
The company boasts to deliver its products to each of top 6 global bearing manufacturers showing strong footprint in the market. The comprehensive production capacity encourage us to manufacture bearing cages with diameters ranging from 20 mm to 2000 mm. The company is increasing its specialisation into realm of complicated and specially developed stamped components, refelecting strong commitment to build unique products and fulfilling customers needs.
The company is top provider of precision engineering solutions is celebrated across globe for amazing manufacturing capacity. The company has attained expertise in building bearing cages and precise stamped components delivers as multitude of industries including aviation, railways, automotive, mining, construction, electrical, agriculture. The company gives priority to design, development, and improving product. The company consistently gives importance to new products while rebuilding manufacturing processes to assure consistent improvement.
The tool room is equipped with modern machines, including Hard Milling and Turning Machines, EDM Machines, CNC Wire-cut, Axis Machining Centres and variety of huge precision measuring instruments such as CMMs. This assures genuine supply of best quality products. The company is increasing its business along with cage manufacturing, the company provides extensive metal stamping solutions across various industries including bearing, automotive, and sealing, electrical, and appliance sectors. The company has entered into valuable stamoing components, sand casting, and bronze bushings has systematically located for huge development in evolving professions such as mining, wind energy, and shipping. Moreover, increasing trend towards vehicle electrification, the company forecasts substantial growth in market share inside the precision engineering sector.
The company has strong distribution channel of manufacturing units, warehouses, representative offices at world level develops strong footprint in global markets. This expansion rebuilds strong commitment to consistently provide best quality solutions to valuable customers. The company is looking for best technology, giving priority to quality, design, and tool development at its centre. Setting in-house toolroom an building talented team of 197 skilled engineers, the company has achieved expertise in customized precision engineering solutions. With modern software, machinery, and strong infrastructure, the company produces best quality products using smooth manufacturing processes. The company uses modern tool design software such as Pro Engineer for 3D modelling and detailing, AutoCad stations, Numerically Controlled Tool Path, Sheet Metal Formability Simulation, and Hyperworks. These tools help to remove any deviations in design process, assuring perfection and delivering accurate products.
The company is systematically looking to meet the rising need of perfect, lightweight bearings supported by automotive sector’s shift towards EVs. The company is taking benefit of in-house tooling, modern machines, and design capacities. This co-operation encourages smooth production of best quality stamping components and steel cages specifically customized fo EV industry.
Understanding the importance of increasing demand of EV segment, the company has made huge investments in toolroom and design. This future strategy encourages us to speed up cage mould development, focusing on production of polyamide cages widely used in EVs. By interconnecting capabilities and staying ahead of modern technology, the purpose of company is to surpass the requirements of EV segments, grabbing the opportunities supporting by increasing market.
Revenue and net profit
Particulars
FY-24 (Rs. in crores)
Sales
1,081
Expenses
911
EBITDA
170
Other income
30
Interest
6
Depreciation
27
Profit before tax
168
-Tax (%)
24%
Net profit
127
EPS in Rs.
13.94
Balance sheet
Liabilities
Rs
Assets
Rs
Equity Capital
91
Fixed assets
251
Reserves
1,154
CWIP
7
Borrowings
102
Investments
515
Other liabilities
181
Other Assets
757
Total Liabilities
1,529
Total assets
1,529
Shareholding Pattern
Promoters
74.61%
FIIs
0.58%
DIIs
8.72%
Public
16.08%
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Harsha Engineers International Ltd Share Price Target – 2025 to 2040
Year
Minimum price (Rs)
Average price (Rs)
Maximum price (Rs)
2025
371
395
419
2026
423
452
480
2027
486
526
565
2028
569
617
665
2029
671
730
788
2030
792
808
824
2035
1585
1655
1724
2040
3169
3267
3365
Harsha Engineers International Ltd Share Price Target – 2025
If market observes downward sentiments, the minimum projected price is anticipated to reach Rs 371. The average trading price is forecasted to hit Rs 395 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 419. The company has made strong commitment to attain top position in the market in bearing cages by taking benefit of industry experts and technological capacity. The unique strategy includes increasing customer base through targeted base and customized solutions that fulfill requirements across different segments.
Harsha Engineers International Ltd Share Price Target – 2026
If market faces bearish sentiments, the minimum projected price is anticipated to hit Rs 423. The average trading price is projected to hit Rs 452 at the mid of the year. If market observes bullish signals, the maximum forecasted price is anticipated to reach Rs 480. The company consistently improves product portfolio and manages best quality guidelines, the purpose is to develop strong relations with current customers while grabbing new ones. This will help us to attain top position in the market. The company has identified the scope of development in bronze bushings and specialised components segments and has huge passion to grab the opportunity.
Harsha Engineers International Ltd Share Price Target – 2027
If market observes downward signals, the minimum forecasted price is anticipated to reach Rs 486. The average trading is projected to reach Rs 526 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to reach Rs 565. This strategy involves making investments in modern technologies and improvement on product building to fulfill market needs. By concentrating on developing better products and customisation, the company will deliver good services to clients and grab market share. The main purpose of company is to be top player in this sector by providing best quality, customized solutions that fulfill customers requirements.
Harsha Engineers International Ltd Share Price Target – 2028
If market faces bearish sentiments, the minimum projected price is forecasted to reach Rs 569. The average trading price is projected to hit Rs 617 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is anticipated to reach Rs 665. The strategy gives importance to increase operational efficiency to increase overall returns. The company is implementing improvement in process and investing in modern technologies to smooth our operations and minimize costs. By improving production process and increasing best resources, the purpose is to increase productivity and maximize profits.
Harsha Engineers International Ltd Share Price Target – 2029
If market faces bearish sentiments, the minimum forecasted price is anticipated to hit Rs 671. The average trading price is projected to hit Rs 730 at the mid of the year. If market observes bullish sentiments, the maximum projected price is anticipated to reach Rs 788. The company is passionate about bringing growth through systematic partnerships with customers and inorganic acquisitions. By developing strong relations and develop partnerships with clients, the company can identify their needs and deliver customized solutions.
Harsha Engineers International Ltd Share Price Target – 2030
If market observes bearish sentiments, the minimum projected price is anticipated to reach Rs 792. The average trading price is projected to reach Rs 808 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 824. The company has developed strong relations with top bearing manufacturers across aviation, construction, railway, and other industries. The vast experience, modern manufacturing units and huge dedication to assure repeat orders and long term contracts. By giving preference to customer satisfaction and fair transactions, the company facilitates various needs, build new products, and steps into new markets.
Harsha Engineers International Ltd Share Price Target – 2035
If market observes downward sentiments, the minimum projected price is anticipated to reach Rs 1585. The average trading price is projected to hit Rs 1655 at the mid of the year. If market observes bullish sentiments, the maximum projected price is estimated to reach Rs 1724. The company provides different product basket, such as bearing cages of different sizes and shapes. The company has achieved expertise in manufacturing precision components, brass castings, bushings, and welded assemblies. The strong manufacturing process and adoption of new product building, the market of company expands to over 30 countries across five continents.
Harsha Engineers International Ltd Share Price Target – 2040
If market observes bearish signals, the minimum projected price is estimated to reach Rs 3169. The average trading price is projected to hit Rs 3267 at the mid of the year. If market observes bullish sentiments, the maximum forecasted price is estimated to reach Rs 3365. The company has decades of precision engineering knowledge and systematically placed manufacturing units, the company smoothly operates unique and strong requirements of global clients. It integrates modern manufacturing technology to provide extensive services across complete lifecycle of product.
FAQs
Q1) Who is the owner of Harsha Engineers International Ltd?
Ans – The owner of Harsha Engineers International Ltd are: Rajendra Shah, Harish Rangwala, and Vishal Rangwala.
Q2) What do Harsha Engineers International Ltd do?
Ans – The company is involved in manufacture and export of precision bearing cages and high precision components with strong presence in international markets.
Q3) What is turnover of Harsha Engineers International Ltd?
Ans – The turnover of Harsha Engineers International Ltd in FY-17 was Rs 95 crores which has increased to Rs 1,081 crores in FY-24.
Q4) Who are competitors of Harsha Engineers International Ltd?
Ans – The competitors of Harsha Engineers International Ltd are: Bosch, Lloyds Engineering, Samvardhana Motherson, HBL Engineering, Uno Minda.
Q5) Is Harsha Engineers International Ltd a profitable company?
Ans –Yes, Harsha Engineers International Ltd is a profitable company. The net profit of company in FY-17 was Rs -1 crore which has increased to Rs 127 crores in FY-24.
Q6) Is Harsha Engineers International Ltd a debt-free company?
Ans –Yes, Harsha Engineers International Ltd is a debt-free company. The Long-term borrowings is Rs 1 crore and short-term borrowings is Rs 76 crores. The cash and bank balance is Rs 72 crores. The company is almost debt-free.
Q7) What is the market share of Harsha Engineers International Ltd?
Ans – The company has attained top position in Indian precision bearing cage manufacturer with a market share of 50 to 60%. In international markets, it has captured 6.5% in organized bearing cages for steel, brass, and polyamide.
