---
title: "Harvic Management Services (India) Ltd (511613) — Share Price, Financials & Analysis"
symbol: "511613"
company: "Harvic Management Services (India) Ltd"
canonical: "https://tapetide.com/stocks/511613"
isin: "INE156D01024"
bse_code: "511613"
generated_at: "2026-10-13T10:59:59.533Z"
---

# Harvic Management Services (India) Ltd (511613)

Canonical page: https://tapetide.com/stocks/511613

## Company

- **BSE Code:** 511613
- **ISIN:** INE156D01024
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No

## About

Harvic Management Services (India) Limited, incorporated in India, Listed on the Bombay Stock exchange Limited, the company is engaged in the business of investments in shares & securities.

## Latest Price

## Key Insights

### Weaknesses

- Company has high debtors of 4,745 days.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 57% |
| revenue growth | 100% |

## 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 | 8025 | 7045 | 7607 | 8800 | 10780 | 8673 | 10322 | 9381 | 12214 | 9503 | 10595 | 11952 |
| Expenses | 5766 | 4490 | 4798 | 5764 | 7182 | 5458 | 6604 | 5876 | 8419 | 5652 | 6594 | 7645 |
| Operating Profit | 2259 | 2555 | 2809 | 3036 | 3598 | 3215 | 3718 | 3505 | 3795 | 3850 | 4001 | 4307 |
| OPM % | 28 | 36 | 37 | 34 | 33 | 37 | 36 | 37 | 31 | 41 | 38 | 36 |
| Other Income | 91 | 70 | 70 | 60 | 183 | 150 | 124 | 85 | 219 | 136 | 92 | 72 |
| Interest | 1478 | 1671 | 1827 | 1997 | 2122 | 2244 | 2369 | 2496 | 2585 | 2736 | 2804 | 2981 |
| Depreciation | 40 | 43 | 46 | 50 | 52 | 54 | 60 | 64 | 68 | 71 | 77 | 76 |
| Profit before tax | 832 | 912 | 1006 | 1050 | 1606 | 1067 | 1413 | 1030 | 1361 | 1178 | 1212 | 1322 |
| Tax % | 24 | 27 | 28 | 28 | 20 | 27 | 28 | 30 | 35 | 28 | 27 | 27 |
| Net Profit | 636 | 666 | 725 | 760 | 1288 | 779 | 1021 | 724 | 886 | 851 | 882 | 966 |
| EPS in Rs | 2.52 | 2.5 | 2.71 | 2.83 | 4.79 | 2.92 | 3.84 | 2.72 | 3.32 | 3.2 | 3.27 | 3.61 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Sales | 0.03 | 0.06 |
| Expenses | 0.05 | 0.03 |
| Operating Profit | -0.02 | 0.03 |
| OPM % | -66.67 | 50 |
| Other Income | -0.02 | 0 |
| Interest | 0 | 0 |
| Depreciation | 0.02 | 0.02 |
| Profit before tax | -0.06 | 0.01 |
| Tax % | 33.33 | 400 |
| Net Profit | -0.08 | -0.03 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Equity Capital | 3.5 | 3.5 |
| Reserves | -0.11 | -0.14 |
| Borrowings | 2.38 | 2.38 |
| Other Liabilities | 0.01 | 0.03 |
| Total Liabilities | 5.78 | 5.77 |
| Fixed Assets | 0.21 | 0.19 |
| CWIP | 0 | 0 |
| Investments | 3.41 | 3.48 |
| Other Assets | 2.16 | 2.1 |
| Total Assets | 5.78 | 5.77 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Cash from Operating Activity | -0.29 | 0.06 |
| Cash from Investing Activity | 0.27 | -0.06 |
| Cash from Financing Activity | 0 | 0 |
| Net Cash Flow | -0.02 | 0 |
| Free Cash Flow | -0.24 | 0.06 |
| CFO/OP | 1450 | 200 |

### Ratios

| Item | Mar 2006 | Mar 2007 |
| --- | --- | --- |
| Debtor Days | 9733.33 | 4745 |
| Cash Conversion Cycle | 9733.33 | 4745 |
| Working Capital Days | 25915 | 12714.17 |
| ROCE % | — | 0.17 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.75% | 72.74% | 70.48% | 70.7% | 71.07% | 71.02% | 68.97% | 68.84% | 68.57% |
| FIIs | 5.27% | 3.65% | 2.18% | 2.79% | 2.36% | 7.32% | 10.92% | 7.83% | 5.15% |
| DIIs | 7.04% | 7.51% | 12.57% | 12.23% | 12.33% | 7.85% | 7.55% | 9.79% | 14.67% |
| Public | 14.94% | 16.1% | 14.77% | 14.28% | 14.24% | 13.8% | 12.59% | 13.53% | 11.59% |
| No. of Shareholders | 495076 | 526452 | 508974 | 498750 | 538508 | 475283 | 503842 | 576863 | 546470 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 71.02% | 69.11% | 69% | 68.98% | 68.97% | 68.98% | 68.9% | 68.85% | 68.84% | 68.76% | 68.7% | 68.57% |
| FIIs | 7.32% | 10.53% | 10.46% | 9.77% | 10.92% | 10.12% | 10.4% | 8.57% | 7.83% | 6.47% | 6.1% | 5.15% |
| DIIs | 7.85% | 7.73% | 8.24% | 8.37% | 7.55% | 8.12% | 8.47% | 9.52% | 9.79% | 12.06% | 12.82% | 14.67% |
| Public | 13.8% | 12.64% | 12.32% | 12.89% | 12.59% | 12.78% | 12.23% | 13.05% | 13.53% | 12.72% | 12.37% | 11.59% |
| No. of Shareholders | 475283 | 466520 | 464366 | 491856 | 503842 | 530087 | 527478 | 563086 | 576863 | 560382 | 561046 | 546470 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 543.42 | Sell |
| EMA (10) | 540.69 | Sell |
| SMA (20) | 577.25 | Sell |
| EMA (20) | 564.08 | Sell |
| SMA (50) | 614.74 | Sell |
| EMA (50) | 615.09 | Sell |
| SMA (100) | 709.01 | Sell |
| EMA (100) | 670.85 | Sell |
| SMA (200) | 754.56 | Sell |
| EMA (200) | 733.58 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 29.65 | Buy |
| MACD (12,26,9) | -29.23 | Sell |
| Stochastic (14,3,3) | 10.87 | Buy |
| ADX (14) | 21.82 | Neutral |
| Williams %R (14) | -81.32 | Buy |
| ATR (14) | 23.82 | High Volatility |
| ROC (12) | -11.09 | Sell |
| Stoch RSI (14) | 24.9 | Neutral |
| UO (7,14,28) | 38.75 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-10 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8014114a-3277-4337-95c0-c63370207356.pdf) |
| 2026-03-10 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2dd558f4-1d9c-4c59-9d25-4739d84dec69.pdf) |
| 2026-03-06 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f0fa2bbd-9852-4099-8a45-106506809623.pdf) |
| 2026-03-02 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df454b6e-11c6-4726-aa3e-24b0dcc66a52.pdf) |
| 2026-03-01 | [Intimation Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2d49f4a-577c-47c8-852d-7e4d534c089e.pdf) |
| 2026-03-01 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04ad2547-9dd2-45d2-95e4-ce7709216519.pdf) |
| 2026-02-27 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4f2db064-fd1d-4abc-8480-7e898bfbdb84.pdf) |
| 2026-02-27 | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1af168dd-5951-4153-9e39-fc60a4929948.pdf) |
| 2026-02-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5aac1233-3c3d-4583-a348-f80afcddc1c3.pdf) |
| 2026-02-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c7f54cd2-663b-4762-927f-2db12f03d513.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77d98b61-668b-4d23-a924-29ba7bac9e94.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3303a8d9-53b1-4855-adc9-c0d5e9deed97.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01fdc062-5e70-441b-a4be-051ee7c2ccc6.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/540691/74084540691.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/540691/69152540691.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/540691/5406910320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/540691/5406910319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/540691/5406910318.pdf) |
| 2017 | [Financial Year 2017](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/ADITYA_BIRLA_CAPITAL_LTD-540691-MARCH-2017.PDF) |
| 2013 | [Financial Year 2013](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2013/ADITYA_BIRLA_CAPITAL_LTD-540691-MARCH-2013.PDF) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | Concall - Feb 2026 |
| Nov 2025 | Concall - Nov 2025 |
| Aug 2025 | Concall - Aug 2025 |
| May 2025 | Concall - May 2025 |
| Feb 2025 | Concall - Feb 2025 |
| Oct 2024 | Concall - Oct 2024 |
| Sep 2024 | [Concall - Sep 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c9c5c17-d239-4771-8c51-56f88895ebc8.pdf) |
| Aug 2024 | Concall - Aug 2024 |
| May 2024 | Concall - May 2024 |
| Mar 2024 | [Concall - Mar 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/838b3570-5b3d-4bb4-a822-26c36fbcec0e.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-02-09 | Credit rating update — ICRA |
| 2026-01-22 | Credit rating update — CRISIL |
| 2025-09-30 | Credit rating update — ICRA |
| 2025-04-09 | Credit rating update — CRISIL |
| 2025-04-08 | Credit rating update — ICRA |
| 2025-01-31 | Credit rating update — ICRA |

---

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 2026-10-13T10:59:59.533Z.