Synopsis:
Harsha Engineers International Ltd has signed a three-year agreement with a leading multinational company to supply journal bearings and bushings. The recurring order, valued at approximately Rs. 117 crore per annum, marks a major milestone in the company’s international growth strategy.
The company had a major breakthrough that was achieved with a long-term agreement signed with a prominent international client for the recurring supply of journal bearings and bushings over three years. The deal is expected to generate annual revenue of around Rs. 117 crore, strengthening the company’s global presence in precision engineering.
News
Ahmedabad-based Harsha Engineers International Ltd has secured a major long-term contract from a leading international multinational company for the recurring supply of journal bearings and bushings and spans a period of three years.
Valued at approximately Rs. 117 crore per annum, the contract will see Harsha Engineers and its subsidiaries catering to both domestic and international markets. Though the client’s identity remains confidential, the scale and duration of the deal highlight Harsha Engineers strong manufacturing capabilities and its trusted position in the global precision engineering space. This strategic win is expected to significantly boost the company’s revenues and strengthen its global footprint.
About the company
Harsha Engineers International Limited is a leading manufacturer of precision engineering products, primarily specializing in bearing cages, which are critical components used in various types of bearings. The company serves sectors such as automotive, railways, aerospace, electrical, and industrial machinery. It also operates in solar EPC (Engineering, Procurement, and Construction) and precision stamping components.
With a global footprint, Harsha Engineers supplies to major bearing manufacturers across Europe, Asia, and the Americas, positioning itself as a key player in the global bearing components industry.
Financials
In FY25, sales grew modestly by 1.10% year-on-year to Rs. 1,408 crore from Rs. 1,392 crore in FY24. However, net profit declined to Rs. 89 crore from Rs. 111 crore in the previous year. Return ratios also reflected moderate performance, with ROCE at 12.3% and ROE at 8.85%. On the positive side, institutional interest improved as FII holdings rose from 0.54% to 0.88%, while DII holdings increased significantly from 8.64% to 11.86%.
Written by Manideep Appana
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