---
title: "Harshil Agrotech Ltd (HARSHILAGR) — Share Price, Financials & Analysis"
symbol: "505336"
company: "Harshil Agrotech Ltd"
canonical: "https://tapetide.com/stocks/505336"
isin: "INE098E01026"
bse_code: "505336"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 21.5
generated_at: "2026-10-15T11:02:34.811Z"
---

# Harshil Agrotech Ltd (HARSHILAGR)

Canonical page: https://tapetide.com/stocks/505336

## Company

- **BSE Code:** 505336
- **ISIN:** INE098E01026
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2003-12-24
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** harshilagrotech.com

## About

Incorporated in 1972, Harshil Agrotech 
Ltd trades Agriculture goods and Commodity 
& Agri Materials[1]

## Latest Price

- **Price:** ₹0.23
- **Change:** 0 (0%)
- **Open:** ₹0.23
- **Day High:** ₹0.24
- **Day Low:** ₹0.23
- **Previous Close:** ₹0.23
- **Volume:** 2191313
- **As Of:** 2026-10-15T11:00:17+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T16:30:17+05:30.

Observed at 2026-10-15T04:48:27.689689Z.

- **Market Cap:** ₹21.5 Cr
- **Classification:** Microcap
- **EPS (TTM):** -₹0.03
- **Book Value:** ₹1.27
- **Price to Book:** 0.18
- **Dividend Yield:** 0%
- **ROE:** 9.02%
- **ROCE:** 9.61%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹63.7 Cr
- **Net Income:** ₹10.4 Cr
- **EBITDA:** ₹11.1 Cr
- **52-Week High:** ₹0.72
- **52-Week Low:** ₹0.23
- **RSI (14):** 35.26

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-10-14
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 39.3 (of 4490 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 83.65 | 9% |
| growth | 97.83 | 9% |
| momentum | 6.11 | 12% |
| ownership | 50 | 24% |
| quality | 36 | 22% |
| valuation | 44.07 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.18 times its book value
- Company is expected to give good quarter

### Weaknesses

- 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 Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -465.45% | — | — |
| ebitda margin growth | -1.92% | 108.97% | -1.3% | -75.17% |
| net income growth | -86.21% | — | 272% | 100% |
| revenue growth | -82.74% | 390% | 635% | 337% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 1.01 | 3.57 | 2.87 | 3.16 | 3.32 | 11.37 | 24.05 | 25.73 | 2.38 | 59.89 | 42.29 | 7.25 |
| Expenses | 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 | 0.01 | 0.53 | 0.21 | 0.23 | 0.01 | 1.19 | 4.99 | 5.35 | -0.57 | 8.82 | -5.2 | -5.35 |
| OPM % | 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 | -0.04 | 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 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -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 % | -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 | 0.01 | 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 | 0.01 | 0.26 | 0.01 | 0.01 | 0 | 0.05 | 0.05 | 0.06 | -0.01 | 0.07 | -0.03 | -0.06 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1 | 0 | 0 | 0 | 0 | 0 | 4 | 13 | 64 | 112 |
| Expenses | 0 | 0 | 1 | 0 | 1 | 0 | 3 | 12 | 53 | 114 |
| Operating Profit | 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 | 2 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 11 | -2 |
| Tax % | -100 | -31 | -26 | -22 | 29 | 47 | 20 | 26 | 6 | — |
| Net Profit | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 10 | -3 |
| EPS in Rs | 0.05 | -0.17 | -0.16 | -0.23 | 0.57 | -0.14 | 0.36 | 0.04 | 0.11 | -0.03 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 0.8 | 11 | 71 | 71 |
| Reserves | -1 | -2 | -2 | -2 | -1 | -1 | 0 | 1 | 44 | 48 |
| Borrowings | 4 | 4 | 4 | 4 | 0 | 1 | 1 | 1 | 1 | 0 |
| Other Liabilities | 1 | 1 | 1 | 1 | 0 | 1 | 3 | 11 | 3 | 7 |
| Total Liabilities | 4 | 4 | 3 | 3 | 0 | 2 | 4 | 23 | 119 | 126 |
| Fixed Assets | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 |
| Other Assets | 1 | 0 | 0 | 0 | 0 | 2 | 4 | 20 | 116 | 124 |
| Total Assets | 4 | 4 | 3 | 3 | 0 | 2 | 4 | 23 | 119 | 126 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | -8 | -44 |
| Cash from Investing Activity | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | -2 | 0 |
| Cash from Financing Activity | 0 | 0 | 0 | 0 | 0 | -4 | 0 | 0 | 10 | 93 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | -8 | -44 |
| CFO/OP | 96 | -188 | -80 | 4 | 76 | 93 | 247 | 26 | -749 | -391 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 419 | — | — | — | — | — | 367 | 218 | 267 |
| Inventory Days | — | 0 | — | — | — | — | — | 0 | 0 | 85 |
| Days Payable | — | — | — | — | — | — | — | — | — | 18 |
| Cash Conversion Cycle | — | 419 | — | — | — | — | — | 367 | 218 | 334 |
| Working Capital Days | — | -2010 | — | — | — | — | — | 67 | 260 | 363 |
| ROCE % | -15 | 1 | -12 | -12 | -19 | -45 | -34 | 86 | 16 | 17 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.03% | 5.19% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 28.55% | 80.82% | 86.01% | 86.01% | 86.01% | 77.16% | 79.55% | 63% | 85.09% | 94.51% | 97.42% | 97.56% |
| Others | 1.4% | 13.99% | 13.99% | 13.99% | 13.99% | 22.84% | 20.45% | 37% | 14.91% | 5.49% | 2.58% | 2.44% |
| No. of Shareholders | 1928 | 1956 | 1957 | 1959 | 1958 | 9646 | 45893 | 49412 | 86971 | 105765 | 114591 | 111235 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 5 / 13

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.24 | Sell |
| EMA (10) | 0.24 | Sell |
| SMA (20) | 0.25 | Sell |
| EMA (20) | 0.25 | Sell |
| SMA (50) | 0.26 | Sell |
| EMA (50) | 0.26 | Sell |
| SMA (100) | 0.29 | Sell |
| EMA (100) | 0.3 | Sell |
| SMA (200) | 0.36 | Sell |
| EMA (200) | 0.47 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.59 | Neutral |
| MACD (12,26,9) | -0.01 | Sell |
| Stochastic (14,3,3) | 22.22 | Neutral |
| ADX (14) | 32.35 | Buy |
| Williams %R (14) | -66.67 | Neutral |
| ATR (14) | 0.01 | High Volatility |
| ROC (12) | -4 | Sell |
| Stoch RSI (14) | 83.58 | Sell |
| UO (7,14,28) | 47 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-04-17 | [Announcement Under Regulation 30 (LODR) - Order Initiating Corporate Insolvency Resolution Process Against The Company](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53127fc6-7684-4bfd-a462-71b53579443c.pdf) |
| 2026-04-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7bac9edf-fb58-4643-a24e-36efe446a7f4.pdf) |
| 2026-03-27 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/377c0654-9630-42f5-a1cd-2e2c30155c8f.pdf) |
| 2026-03-18 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf7c8c84-ffdd-4fb0-9d31-02a124cd6618.pdf) |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2fa1278b-7fb5-4235-bbe0-4b0948f76261.pdf) |
| 2026-02-17 | [Shareholder Meeting- Scrutinizer''s Report](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c7975f2-8403-42ee-b389-39898adf70d5.pdf) |
| 2026-02-16 | [Shareholder Meeting / Postal Ballot-Outcome of EGM](https://www.bseindia.com/xml-data/corpfiling/AttachHis/87fbb31a-1a08-4258-942e-c37a484cb252.pdf) |
| 2026-02-12 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f80cb818-ceca-40f4-88bd-860469df2d31.pdf) |
| 2026-02-06 | [DRONEACHARYA AERIAL INNOVATIONS LIMITED RECEIVES DGCA APPROVAL FOR ITS 8TH REMOTE PILOT TRAINING ORGANIZATION ("RPTO") AT RAMNAGAR, UTTARAKHAND](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0bb242f8-b5fc-416f-adac-c2a9b1c91f54.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba8018cd-3168-4514-b2cd-cd383b68e29f.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13c4ab48-fe8d-4c05-b7b1-1ef894909b93.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d45f1d20-6b5c-438c-b99d-34d64b9cb695.pdf) |
| 2024 | [Annual Report 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb72cee6-b419-491d-918e-7f068453f1fd.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/874d6447-9b21-4e4f-9e26-73e11c24c705.pdf) |
| 2023 | [Annual Report 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/812194fd-5f02-4256-8328-f3a2497c11f5.pdf) |
| 2022 | [Annual Report 2022](https://www.bseindia.com/bseplus/AnnualReport/505336/75888505336.pdf) |
| 2021 | [Annual Report 2021](https://www.bseindia.com/bseplus/AnnualReport/505336/69456505336.pdf) |
| 2020 | [Annual Report 2020](https://www.bseindia.com/bseplus/AnnualReport/505336/66454505336.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/505336/5053360319.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/505336/5053360318.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-04-17 | [Announcement Under Regulation 30 (LODR) - Order Initiating Corporate Insolvency Resolution Process Against The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=53127fc6-7684-4bfd-a462-71b53579443c.pdf) |
| 2026-04-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7bac9edf-fb58-4643-a24e-36efe446a7f4.pdf) |
| 2026-03-27 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=377c0654-9630-42f5-a1cd-2e2c30155c8f.pdf) |
| 2026-03-18 | [Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bf7c8c84-ffdd-4fb0-9d31-02a124cd6618.pdf) |
| 2026-02-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ba8018cd-3168-4514-b2cd-cd383b68e29f.pdf) |
| 2026-02-04 | [Board Meeting Outcome for Approval Of The Financial Result For The Quarter Ended On 31St December2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=056bb935-224b-4772-846b-de254c4e7325.pdf) |
| 2026-01-30 | [Board Meeting Intimation for Approval Of Financial Result For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec15549b-c57e-4911-aceb-3e3433f181e8.pdf) |
| 2026-01-08 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d81db6a8-3b9f-45da-a1ed-07fc89f37439.pdf) |
| 2025-12-29 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95e85bea-a821-4478-be81-b4414537cee3.pdf) |
| 2025-11-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b0ec2c79-72a9-4edf-8ad3-c0e54bcff4bc.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-02-04 | [Result-Financial Result For The Quarter Ended On 31St December2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=471b36e0-ec98-40dc-869c-043f460cad75.pdf) |
| 2025-11-14 | [Financial Results For The Quarter Ended As On September 302025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39b07666-aa7c-4399-84ac-b265ceff1373.pdf) |
| 2025-08-14 | [Quarterly Financial Results For The Quarter Ended On June 30 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f9741ce5-7f9a-4cc5-956d-ebe84db69ebd.pdf) |
| 2025-05-28 | [Result For The Financial Year Ended On 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f2394c5-d18c-4369-b65d-028386d6dd07.pdf) |
| 2025-01-31 | [Quarterly Results For The Quarter Ended On 31St December2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6eebed43-bccb-40f6-8b51-1bda3049a31c.pdf) |
| 2024-10-17 | [Financial Result For The Quarter Ending On 30Th September,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a535d2c1-76b9-48ca-b7eb-972604930e27.pdf) |
| 2024-08-13 | [Result For The Quarter Ended On 30Th June,2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=824af528-0fa8-4ae0-8ab4-715a08480f01.pdf) |
| 2024-05-25 | [Result For The Financial Year Ended On 31.03.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8b3299f6-e627-4012-a37f-12dfa48604df.pdf) |
| 2024-01-12 | [Quarterly Results For The Quarter Ending On 31St December,2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e94b501-edbd-4e96-8dc5-8b53f2108e23.pdf) |
| 2023-11-03 | [Quarterly Financial Result For The Quarter Ended On 30.09.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e8c2e27a-b0a1-4d1a-8fc2-40b0c46ddc4d.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-15T11:02:34.811Z.