Harsha Engineers: Company Details

Incorporated in the year 2010, Harsha Engineers International Ltd are the largest manufacturers of precision bearing cages (in terms of Revenue) in organised sector in India, and among the leading manufacturers of precision bearing cages in the world (A CARE Advisory Report).

Must Read: Nifty prediction for September 2022

Harsha Engineers: Business

The Company offers diversified set of precision engineering products across geographies and end-user industries.

The business of Harsha Engineers International comprises of two segments –

Engineering Business: Under this business, Harsha Engineers manufactures,

• Bearing cages (in brass, polyamide, and steel materials),
• Complex and specialised precision stamped components,
• Welded assemblies and brass castings, and
• Cages & bronze bushings

Solar EPC Business: Under Solar EPC business, Harsha Engineers provide complete comprehensive turnkey solutions to all the solar photovoltaic requirements and provides operations and maintenance services in the solar sector.

>> The company manufactures a wide range of bearing cages starting from 20 mm to 2,000 mm in diameter and these bearing cages find its application in the automotive, aviation & aerospace, agriculture, construction, electrical and electronics, mining, railways, and renewables sectors etc.

>> The company supplies its products to clients in 25 plus countries covering 5 continents i.e., Asia, Africa, North America, South America, and Europe.

Achievement

Harsha Engineers International has approximately 50 percent of the market share in the organised segment of the Indian bearing cages market and 5.2 percent of the market share in the global organised bearing cages market for brass, polyamide, and steel in CY 2020 (A CARE Advisory Report)

Manufacturing Facilities

The company has 5 manufacturing facilities –

• 2 facilities at Changodar (Ahmedabad, Gujarat)
• 1 unit at Moraiya (Ahmedabad, Gujarat)
• 1 unit at Changshu (China)
• 1 unit at Ghimbav Brasov (Romania)

Also Read: Value Pick Stock of the month “Can Fin Homes Ltd”

Key Strategies

• Boost market leadership in bearing cages and expanding client base
• Retain and strengthen technological leadership through sustained focus on development and automation
• Growing stamping and specialized component segment
• Focus on increasing working efficiencies to improve margins and returns
• Focus on developing products to seizure market opportunity in the EV segment
• Focus on growth by opportunistic “inorganic acquisitions & partnerships” with clients

Founder Promoters

Harish Rangwala and Rajendra Shah are founder and promoters of the company and have more than 35 years of experience in the precision engineering and bearing cages manufacturing sector.

Vishal Rangwala and Pilak Shah are the second generation promoters and are actively involved in the overall operations, strategies, and business of the Company.

IPO Dates

IPO Details – Price, Minimum Bid and Other

Financials

CONCLUSION

Considering the company’s financial parameters and performance, FinBlab recommends SUBSCRIBE ratings on harsha engineers ltd ipo

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Harsha Engineers International Limited IPO appeared first on Upcoming ipos: Latest news on stocks, economy & finance.