The Other Industrial Products industry in India is an important part of the manufacturing sector, contributing considerably to the economy. India’s goods exports totaled roughly USD 437 billion in FY24, with the manufacturing sector projected to increase to USD 1 trillion by 2025-26, owing to investments and government efforts.
Harsha Engineers International Ltd has a market capitalization of Rs 4,706.53 crore, the shares were trading at Rs 516.95 per share, decreasing around 0.01 percent as compared to the previous closing price of Rs 517.00 per share.
Market position:-
The firm is the leading maker of precise bearing cages, with a market share of around 6.5% in the organized section of the worldwide brass, steel, and polyamide bearing cages in terms of revenue, and a dominant market share of more than 50% in the local market.
HEIL is capable of producing bearing cages with sizes ranging from 20 mm to 2,000 mm. Currently, it has over 7,000 active SKUs. HEIL is a total productive maintenance (TPM) accredited firm, given by the Japan Equipment Maintenance Association.
HEIL supplies bearing cages to leading global bearing manufacturers such as Timken, Schaeffler (including FAG), and SKF at their various worldwide locations (including India). It has long-term sales contracts with some of its customers. However, given the dominant position of these bearing companies
Financial performance:-
Looking into the company’s financial condition, revenue ramped up by 1 percent from Rs 256 crore in Q1FY24 to Rs 258 crore in Q1FY25, during the same time frame net profit magnified significantly by 30 percent from Rs 30 crore to Rs 39 crore.
Footprint:-
The firm has four strategically positioned manufacturing sites and multiple warehouses across the world, selling products to more than 25 nations across five continents.
Company Profile:-
Harsha Engineers International Limited manufactures precise bearing cages. Its segments include Engineering and Others, Solar–engineering, procurement, and construction (EPC), and Operations and Maintenance (O&M).
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