Harsha Engineers Ltd

Harsha Engineers Ltd

About the Company:

Harsha Engineers is one of the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations.

Company is amongst the leading manufacturers of precision bearing cages in the world with a market share of approximately 5% to 6% in the organized segment of the global brass, steel and polyamide bearing cages market in terms of revenue.

Company holds more than 50% of the market share in the Indian bearing cages market in the organized segment for brass, steel and polyamide cages.

They manufacture bearing cages in brass, steel and polyamide materials with sizes of upto 2,000 mm in diameter for automotive and industrial applications, they also manufacture complex and specialised precision stamped components for automotive and industrial customers.

Over the past five years Company’s product development and innovation centre has developed more than 850 products in different bearing divisions.

 

Products Manufactured by the Company:

  • Bearing Cages.
  • Steel Cages
  • Brass Cages
  • Polyamide cages

 

Installed Capacity & Capacity Utilization: 

capacity utilization

 

Company’s Manufacturing Facilities:

Company’s principal production facilities are at Changodar and Moraiya, near Ahmedabad in Gujarat in India, they also have production facilities in Changshu and Suzhou in China and Ghimbav Brasov in Romania.

The combined bearing cages capacity of all our manufacturing units is 1,016.27 million pieces per annum and for semi-finished brass castings is 35,376 million tonnes per annum.

The Harsha Group has developed capacity to manufacture more than 5,000 products ranging upto 2,000 mm in diameter.

 

Management Team:

  1. Mr. Jitendra Ujamsi Mamtora (Designation: Independent Director and Chairman)
  2. Mr. Harish Ranjit Rangwala (Designation: Managing Director)
  3. Mr. Rajendra Shantilal Shah (Designation: Whole time Director and Chief Executive Officer)

 

Positives for the Company:

Diversified Product Portfolio.

Company manufacture bearing cages in brass, steel and polyamide which represents approximately 63% of the global bearing cages market.

Within their diversified product portfolio,they manufacture cylindrical roller cages, spherical roller cages, deep grove cages, angular contact cages, thrust roller cages and taper roller cages.

Since incorporation, Company has manufactured more than 5,000 types of products in the automotive and industrial segments.

 

Strong Long-term Customer Relationships.

Company has established strong relationship with their customers who are leading global bearing manufactures in the automotive and industrial sectors.

They supply products to customers in over 25 countries covering five continents i.e. North America, Europe, Asia, South America and Africa.

 

Strategically Located Domestic and International Production Facilities.

They have strategically located production facilities spread across three countries in India, China, and Romania.

Company believes that their presence in these locations helps them overcome significant entry barriers in comparison with their competitors, allowing them to penetrate these markets more efficiently and becoming a local supplier to leading key global bearing players.

Company’s strategic presence in these low-cost manufacturing locations gives them the ability to cater to the needs of their customers from multiple locations, at times designing products at one location while manufacturing them at another.

 

Peer Group Comparison:

There are no comparable peer companies similar to Harsha Engineers line of business and comparable to their scale of operations. Hence we cannot make any Comparison.

 

Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 472.0 625.43 659.73 635.22 804.38
Net Profit 14.48 48.03 23.44 11.0 56.59

 

IPO Details:

Details Info
Issue Opens on Will be Updated
Issue Closes on:. Will be Updated
Issue Price Will be Updated
Face Value Rs.10
Minimum Lot Will be Updated
Minimum Investment Will be Updated
Issue Constitutes Will be Updated
Issue Size Will be Updated
Market Cap Will be Updated
Listing at NSE & BSE
Equity Shares Offered Will be Updated
Equity Shares Prior to the Issue 24,082,800
Equity Shares after the Issue Will be Updated

 

Important Dates:

Finalization of Basis of Allotment Will be Updated
Initiation of Refunds Will be Updated
Credit of Equity Shares: Will be Updated
Listing Date: Will be Updated

 

Subscription Details: (Will be Updated)

(Subscription-Category-Wise (no. of times) Till time : 00:00) Shares Offered Day-1 Day-2 Day-3
QIB
NII
Retail
Employee
TOTAL

 

IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
23.50 Will be Updated 22.57% 104.13

 

 

Check IPO Allotment Status:

Link InTime Website (Click on the below Link)

https://linkintime.co.in/PublicIssue/

 
 

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Company Contact Info:
Harsha Engineers Limited
Sarkhej-Bavla Road
PO Changodar
Ahmedabad – 382 213
Tel: (91 2717) 618 200
Fax: (91 2717) 618 259
Email: sec@harshaengineers.com
Website: www.harshaengineers.com

 

IPO Registrar Info:
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, LBS Marg,
Vikhroli (West), Mumbai 400 083
Tel: (91 22) 4918 6200
Fax: (91 22) 4918 6195
Email: harshaengineers.ipo@linkintime.co.in,
Investor Email: harshaengineers.ipo@ linkintime.co.in
Website: www.linkintime.co.in