Harshil Agrotech
MIRCHTECHNOLOGIESLTD NSE
Harshil Agrotech
Capital GoodsNSE: MIRCHTECHNOLOGIESLTD BSE: 505336 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹24.27 Cr
Volatility
Moderate
P/E Ratio
-9
EBITDA
₹11.10 Cr
Return on Equity
9.02%
Debt to Equity
0.01
Book Value
₹1.27
EPS
₹0.74
52W High
₹1.04
52W Low
₹0.24
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.21 times its book value
- Company is expected to give good quarter
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has high debtors of 267 days.
- Working capital days have increased from 230 days to 363 days
Growth Rate
Revenue Growth
390% lower than
3Y
Net Income Growth
—
Cash Flow Change
-465%
ROE
28.31% lower than
3Y
ROCE
7.49% higher than
3Y
EBITDA Margin (Avg.)
109% higher than
3Y
Quarterly Results
| Particulars | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.26 | 1.01 | 3.57 | 2.87 | 3.16 | 3.32 | 11.37 | 24.05 | 25.73 | 2.38 | 59.89 | 42.29 | 7.25 |
| Expenses | 0.98 | 1 | 3.04 | 2.66 | 2.93 | 3.31 | 10.18 | 19.06 | 20.38 | 2.95 | 51.07 | 47.49 | 12.6 |
| Operating Profit | 0.28 | 0.01 | 0.53 | 0.21 | 0.23 | 0.01 | 1.19 | 4.99 | 5.35 | -0.57 | 8.82 | -5.2 | -5.35 |
| OPM % | 22.22% | 0.99% | 14.85% | 7.32% | 7.28% | 0.3% | 10.47% | 20.75% | 20.79% | -23.95% | 14.73% | -12.3% | -73.79% |
| Other Income | 0.08 | -0.04 | 0 | 0 | 0 | 0.1 | 0.03 | 0.05 | 0.03 | -0.01 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.36 | -0.03 | 0.53 | 0.21 | 0.23 | 0.11 | 1.22 | 5.04 | 5.38 | -0.58 | 8.82 | -5.2 | -5.35 |
| Tax % | 25% | -166.67% | 26.42% | 28.57% | 13.04% | 45.45% | 25.41% | 4.76% | -1.86% | 34.48% | 25.85% | -43.85% | 0% |
| Net Profit | 0.26 | 0.01 | 0.39 | 0.16 | 0.2 | 0.05 | 0.9 | 4.8 | 5.48 | -0.78 | 6.53 | -2.91 | -5.36 |
| EPS in Rs | 0.17 | 0.01 | 0.26 | 0.01 | 0.01 | 0 | 0.05 | 0.05 | 0.06 | -0.01 | 0.07 | -0.03 | -0.06 |
Profit & Loss
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 4 | 13 | 64 | 112 |
| Expenses | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 3 | 12 | 53 | 114 |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 1 | 1 | 11 | -2 |
| OPM % | — | — | — | 28% | — | -70% | -950% | — | -106% | 17% | 8% | 17% | -2.1% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 11 | -2 |
| Tax % | -12% | -61% | -31% | -100% | -31% | -26% | -22% | 29% | 47% | 20% | 26% | 6% | — |
| Net Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 10 | -3 |
| EPS in Rs | -0.23 | -0.11 | -0.19 | 0.05 | -0.17 | -0.16 | -0.23 | 0.57 | -0.14 | 0.36 | 0.04 | 0.11 | -0.03 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.8 | 11 | 71 | 71 |
| Reserves | -1 | -1 | -1 | -1 | -2 | -2 | -2 | -1 | -1 | 0 | 1 | 44 | 48 |
| Borrowings | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 0 | 1 | 1 | 1 | 1 | 0 |
| Other Liabilities | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 3 | 11 | 3 | 7 |
| Total Liabilities | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 0 | 2 | 4 | 23 | 119 | 126 |
| Fixed Assets | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 |
| Other Assets | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 4 | 20 | 116 | 124 |
| Total Assets | 5 | 4 | 4 | 4 | 4 | 3 | 3 | 0 | 2 | 4 | 23 | 119 | 126 |
Cash Flow
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -1 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | -8 | -44 |
| Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | -2 | 0 |
| Financing | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -4 | 0 | 0 | 10 | 93 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50 |
| Free Cash Flow | -1 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | -8 | -44 |
| CFO/OP | 335 | 115 | 96 | -188 | -80 | 4 | 76 | 93 | 247 | 26 | -749 | -391 |
Ratios
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | — | — | — | 419 | — | 0 | 274 | — | 388 | 367 | 218 | 267 |
| Inventory Days | 0 | — | — | 0 | — | 0 | 0 | — | 0 | 0 | 0 | 85 |
| Days Payable | — | — | — | — | — | — | — | — | — | — | — | 18 |
| Cash Conversion Cycle | — | — | — | 419 | — | 0 | 274 | — | 388 | 367 | 218 | 334 |
| Working Capital Days | — | — | — | -2,010 | — | -4,059 | -34,949 | — | 433 | 67 | 260 | 363 |
| ROCE % | -18% | -15% | -15% | 1% | -12% | -12% | -19% | -45% | -34% | 86% | 16% | 17% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Harshil Agrotech insights
58 extracted metrics + investor summaries across FY11–FY25.
Documents
1
Clarification sought from Harshil Agrotech Ltd
20 Apr - Exchange has sought clarification from Harshil Agrotech Ltd on April 20, 2026 with reference to significant movement in price, in order to ensure that investors … 20 Apr - Exchange has sought clarification from Harshil Agrotech Ltd on April 20, 2026 with reference to significant movement in price, in order to ensure that investors …
2
Announcement Under Regulation 30 (LODR) - Order Initiating Corporate Insolvency Resolution Process Against The Company
17 Apr - NCLT admitted Section 9 petition and initiated CIRP against Harshil Agrotech Limited on 17 April 2026. 17 Apr - NCLT admitted Section 9 petition and initiated CIRP against Harshil Agrotech Limited on 17 April 2026.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no certificates dematerialised. 8 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; no certificates dematerialised.
4
Closure of Trading Window
27 Mar - Trading window closed from April 1, 2026 until 48 hours after audited March 31, 2026 results. 27 Mar - Trading window closed from April 1, 2026 until 48 hours after audited March 31, 2026 results.
5
Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
18 Mar - Statutory auditor S K Bhavsar resigned effective 12/06/2025; peer-review certificate expired. 18 Mar - Statutory auditor S K Bhavsar resigned effective 12/06/2025; peer-review certificate expired.
Frequently Asked Questions about Harshil Agrotech
What does Harshil Agrotech Ltd do?
Incorporated in 1972, Harshil Agrotech
Ltd trades Agriculture goods and Commodity
& Agri Materials[1]
Where is Harshil Agrotech Ltd (505336) listed?
Harshil Agrotech Ltd trades as MIRCHTECHNOLOGIESLTD on the NSE and under code 505336 on the BSE.
Which sector does Harshil Agrotech Ltd belong to?
Harshil Agrotech Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of Harshil Agrotech Ltd?
Harshil Agrotech Ltd has a market capitalisation of ₹24.27 Cr, which places it in the Small Cap band.
What is the PE ratio of Harshil Agrotech Ltd?
Harshil Agrotech Ltd trades at a PE ratio of -9.00, on earnings per share of ₹0.74, against a book value of ₹1.27 per share.
What is the 52-week high and low of Harshil Agrotech Ltd?
Over the last 52 weeks Harshil Agrotech Ltd has traded between ₹0.24 and ₹1.04.
What is the Return on Equity (ROE) of Harshil Agrotech Ltd?
Harshil Agrotech Ltd reported a return on equity of 9.02%. Its debt-to-equity ratio is 0.01.
Company Information
Incorporated in 1972, Harshil Agrotech Ltd trades Agriculture goods and Commodity & Agri Materials[1]
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