---
title: "Harig Crankshafts Ltd (HARIGCRANK) — Share Price, Financials & Analysis"
symbol: "HARIGCRANK"
company: "Harig Crankshafts Ltd"
canonical: "https://tapetide.com/stocks/HARIGCRANK"
isin: "INE905C01034"
bse_code: "500178"
sector: "Consumer Discretionary"
industry: "Realty"
market_cap_cr: 33.45
generated_at: "2026-09-13T19:41:23.434Z"
---

# Harig Crankshafts Ltd (HARIGCRANK)

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

## Company

- **BSE Code:** 500178
- **ISIN:** INE905C01034
- **Sector:** Consumer Discretionary
- **Industry:** Realty
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** harigcrankshaft.com

## About

Incorporated in 1983, Harig Crankshafts Ltd manufactures automotive crankshafts designed for a variety of vehicles, including cars, light commercial vehicles, trucks, and earth-moving equipment.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:37:22.039576Z.

- **Market Cap:** ₹33.45 Cr
- **Classification:** Microcap
- **P/E (reported):** 2.6
- **EPS (TTM):** ₹11.93
- **Book Value:** ₹-48.67
- **Price to Book:** -0.64
- **Dividend Yield:** 0%
- **ROE:** 88.46%
- **ROCE:** -438.15%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹20.86 Cr
- **Net Income:** ₹10.33 Cr
- **EBITDA:** ₹16.01 Cr
- **52-Week High:** ₹31.23
- **52-Week Low:** ₹3.82
- **RSI (14):** 100

## Key Insights

### Weaknesses

- Company has high debtors of 152 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | — | -2.55% |
| ebitda margin growth | -89.57% | -104.42% | -21.59% |
| net income growth | -100% | -119.02% | 198% |
| revenue growth | -89.58% | — | 210.03% |
| roe | — | — | 29.69% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 6.49 | 14.37 | 1.53 |
| Expenses | 0.85 | 0.3 | 0.6 | 0.34 | 0.78 | 0.39 | 0.79 | 2.9 | 0.34 |
| Operating Profit | -0.85 | -0.3 | -0.6 | -0.34 | -0.78 | -0.39 | 5.7 | 11.47 | 1.19 |
| OPM % | — | — | — | — | — | — | 87.83 | 79.82 | 77.78 |
| Other Income | -42.35 | 0 | 0 | -2.6 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1.26 | 1.97 | 1.98 | 1.81 | 1.43 | 1.44 | 1.43 | 1.32 | 1.2 |
| Depreciation | 0.09 | 0.09 | 0.09 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | -44.55 | -2.36 | -2.67 | -4.75 | -2.22 | -1.84 | 4.26 | 10.14 | -0.02 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -44.55 | -2.36 | -2.67 | -4.75 | -2.22 | -1.84 | 4.26 | 10.13 | -0.03 |
| EPS in Rs | -1.13 | -2.25 | -2.54 | -4.52 | -2.11 | -1.75 | 4.06 | 9.65 | -0.03 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 37 | 46 | 35 | 13 | 0 | 0 | 0 | 21 | 22 |
| Expenses | 31 | 38 | 28 | 11 | 0 | 0 | 2 | 5 | 4 |
| Operating Profit | 6 | 7 | 7 | 2 | 0 | 0 | -2 | 16 | 18 |
| OPM % | 17 | 16 | 19 | 18 | — | — | — | 77 | 80 |
| Other Income | 0 | 0 | 1 | 0 | 0 | 1 | -45 | 0 | 0 |
| Interest | 2 | 2 | 3 | 4 | 0 | 0 | 7 | 6 | 5 |
| Depreciation | 3 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 3 | 1 | -4 | 0 | 0 | -54 | 10 | 13 |
| Tax % | 4 | 1 | 13 | 1 | 0 | 0 | 0 | 0 | — |
| Net Profit | 1 | 3 | 1 | -4 | 0 | 0 | -54 | 10 | 13 |
| EPS in Rs | 0.03 | 0.06 | 0.02 | -0.1 | -0.01 | 0.01 | -51.74 | 9.84 | 11.93 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 36 | 39 | 39 | 39 | 39 | 39 | 10 | 10 |
| Reserves | 0 | 7 | 8 | 6 | -57 | -56 | -72 | -62 |
| Borrowings | 10 | 19 | 26 | 34 | 0 | 0 | 72 | 65 |
| Other Liabilities | 19 | 15 | 17 | 13 | 52 | 67 | 1 | 4 |
| Total Liabilities | 65 | 81 | 91 | 93 | 35 | 50 | 12 | 18 |
| Fixed Assets | 26 | 28 | 25 | 22 | 9 | 8 | 3 | 3 |
| CWIP | 1 | 3 | 19 | 22 | 23 | 23 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 37 | 50 | 47 | 49 | 3 | 19 | 7 | 14 |
| Total Assets | 65 | 81 | 91 | 93 | 35 | 50 | 12 | 18 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | -4 | 3 | -8 | 0 | 0 | -3 | 11 |
| Cash from Investing Activity | -2 | -6 | -16 | -3 | 0 | 1 | 2 | 2 |
| Cash from Financing Activity | -3 | 17 | 6 | 10 | 0 | 15 | -15 | -13 |
| Net Cash Flow | -6 | 7 | -7 | 0 | 0 | 16 | -16 | 0 |
| Free Cash Flow | -3 | -10 | -13 | -11 | 0 | 0 | -1 | 13 |
| CFO/OP | -10 | -55 | 43 | -314 | 0 | 1000 | 129 | 68 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 104 | 95 | 152 | 326 | — | — | — | 152 |
| Inventory Days | 440 | 373 | 542 | 3529 | — | — | — | — |
| Days Payable | 303 | 193 | 279 | 997 | — | — | — | — |
| Cash Conversion Cycle | 242 | 275 | 415 | 2858 | — | — | — | 152 |
| Working Capital Days | 173 | 214 | 293 | 961 | — | — | — | 164 |
| ROCE % | — | 9 | 6 | -1 | — | — | — | 128 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 11.92% | 95% | 95% | 95% | 95% | 95% | 90% | 90% | 90% |
| FIIs | 5.36% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% |
| DIIs | 0.05% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 67.88% | 3.87% | 3.59% | 3.59% | 3.59% | 3.67% | 7.19% | 7.17% | 7.15% |
| Others | 14.78% | 0.83% | 1.11% | 1.1% | 1.1% | 1.12% | 2.61% | 2.62% | 2.65% |
| No. of Shareholders | 67056 | 54254 | 42392 | 42391 | 42391 | 42081 | 43917 | 43724 | 43484 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 29.2 | Buy |
| EMA (10) | 28.97 | Buy |
| SMA (20) | 25.31 | Buy |
| EMA (20) | 25.54 | Buy |
| SMA (50) | 15.89 | Buy |
| EMA (50) | 18.77 | Buy |
| SMA (100) | 10.72 | Buy |
| EMA (100) | 13.28 | Buy |
| SMA (200) | 5.92 | Buy |
| EMA (200) | 8.56 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 87.09 | Sell |
| MACD (12,26,9) | 4.49 | Buy |
| Stochastic (14,3,3) | 100 | Sell |
| ADX (14) | 52.86 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 0.87 | Neutral |
| ROC (12) | 32.87 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 100 | Sell |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f46cbd5e-c65d-4e98-ad40-55cc9533037e.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=974c5cdc-b04e-41f5-bec6-579bae79bfaf.pdf) |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2fc1c791-b16e-4ec7-93ac-ff307d2e963c.pdf) |
| 2026-09-05 | [Notice Of 3Rd Annual General Meeting (Post CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5564d253-3a9d-4bbe-88f9-bbde1b38abb6.pdf) |
| 2026-09-05 | [Notice Of 3Rd Annual General Meeting (Post CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe04bf1d-6cce-4420-980d-0f7b8356653f.pdf) |
| 2026-09-01 | [Board Meeting Outcome for Outcome Of Board Meeting Held On September 01 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5294b08c-8e36-4ca9-a8fa-58a2027d8db8.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec60136f-4f7e-4c4b-b7a3-19c9cb481037.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c94ca361-7f4a-4fff-a4f8-90ffcbca3fb6.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a383eee-ba3c-4221-bd60-c0370045eac1.pdf) |
| 2026-08-13 | [Board Meeting Outcome for Board Meeting Outcome For Unaudited Standalone Financial Results Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3ff4d92b-1c6e-457e-b160-dad2cc6b8510.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-13 | [Unaudited Standalone Financial Results Of The Company For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=337d7317-f5de-43f1-9616-9a411efb654b.pdf) |
| 2026-05-28 | [Financial Results For The Quarter And Year Ended On March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0aa6f714-5374-461d-b2a5-1311701c41d1.pdf) |
| 2026-02-11 | [Unaudited Standalone Financial Results Of The Company For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72e19445-8e69-46b9-8a78-a191fcb13144.pdf) |
| 2025-11-14 | [Results-Financial Result For The Quarter And Half Year Ended On September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a5face7-1908-496b-a897-e7680a488100.pdf) |
| 2025-08-07 | [UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=82c2369f-9c80-491b-a41c-b2273943cbc7.pdf) |
| 2025-05-29 | [Results- Audited Financial Results For 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e389d65a-4460-4cf9-a133-3d6707b93a0a.pdf) |
| 2025-03-05 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=324342fe-238b-4fd1-bc50-32b483b29e98.pdf) |
| 2025-02-20 | [Revised Un-Audited Financial Results For The Quarter And Half Year Ended On 30Th September 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=803371e9-babf-4fb6-9605-0d812acd1336.pdf) |
| 2025-02-19 | [Results-Financial Results For 30/06/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8e647bfa-1a43-4247-afd9-121a8523e856.pdf) |
| 2025-02-19 | [Results-Financial Results For 30/09/2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a13452ab-57bb-4faa-a11e-294d0d229f0e.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Feb - Board meeting 11 Feb 2026 to approve unaudited Q3 results (31 Dec 2025); limited review. | [Board Meeting Intimation for Considering Inter-Alia, The Un-Audited Financial Results Of The Company For The Quarter Ended December 31, 2025 7 Feb - Board meeting 11 Feb 2026 to approve unaudited Q3 results (31 Dec 2025); limited review.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dc2d40f4-c2bb-40aa-a90b-3b505e73723f.pdf) |
| 6 May - Board withdrew in-principle approval for Ayushman Infratech’s amalgamation with Harig Crankshafts on 6 May 2026. | [Board Meeting Outcome for Outcome Of Board Meeting Held On May 6, 2026 6 May - Board withdrew in-principle approval for Ayushman Infratech’s amalgamation with Harig Crankshafts on 6 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/57b17064-6843-4848-9ddd-eff7668c86b3.pdf) |
| 6 May - Board withdrew in-principal approval for Ayushman Infratech’s amalgamation with Harig Crankshafts on 6 May 2026. | [Announcement under Regulation 30 (LODR)-Restructuring 6 May - Board withdrew in-principal approval for Ayushman Infratech’s amalgamation with Harig Crankshafts on 6 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2d463695-decc-4983-b4d0-839072b0a114.pdf) |
| 31 Jan - Shareholders approved name change and MOA/AOA alterations; e-voting ended Jan 29, 2026; results declared Jan 31, 2026. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 31 Jan - Shareholders approved name change and MOA/AOA alterations; e-voting ended Jan 29, 2026; results declared Jan 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8bd6b7b2-f75c-468a-a28f-46143251df82.pdf) |
| 29 Apr - Board meeting on May 6, 2026 to discuss amalgamation of Ayushman Infratech with Harig Crankshafts. | [Board Meeting Intimation for Further Discussion On The Proposal For Amalgamation Of Ayushman Infratech Limited With Harig Crankshafts Limited. 29 Apr - Board meeting on May 6, 2026 to discuss amalgamation of Ayushman Infratech with Harig Crankshafts.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/569d1aa2-e93f-488e-8a4a-06bccd9d105a.pdf) |
| 29 Apr - Board meeting on May 6, 2026 to discuss amalgamation of Ayushman Infratech with Harig Crankshafts. | [Board Meeting Intimation for Further Discussion On The Proposal For Amalgamation Of Ayushman Infratech Limited With Harig Crankshafts Limited. 29 Apr - Board meeting on May 6, 2026 to discuss amalgamation of Ayushman Infratech with Harig Crankshafts.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/569d1aa2-e93f-488e-8a4a-06bccd9d105a.pdf) |
| 27 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results declaration. | [Closure of Trading Window 27 Mar - Trading window closed from 1 April 2026 until 48 hours after audited FY2026 results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e48d40b0-8499-4a12-8a85-c91eb53710d3.pdf) |
| 16 Feb - KCD Industries India Limited informs the Exchange about the Newspaper Publication of the Unaudited Financial Results for the 03rd quarter ended December 31, 2025, as … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb - KCD Industries India Limited informs the Exchange about the Newspaper Publication of the Unaudited Financial Results for the 03rd quarter ended December 31, 2025, as …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7130eb43-4e2a-41b6-bac9-ed542e93369c.pdf) |
| 15 Apr - Beetal certificate for quarter ended March 31, 2026 notes no demat requests and processed remat request. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Apr - Beetal certificate for quarter ended March 31, 2026 notes no demat requests and processed remat request.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6596c136-5d4b-403c-9115-a4963928090a.pdf) |
| 14 Feb - Board approved unaudited standalone Q3 and nine-month results for period ended 31-Dec-2025; limited review report attached. | [Board Meeting Outcome for Outcome Of Board Meeting 14 Feb - Board approved unaudited standalone Q3 and nine-month results for period ended 31-Dec-2025; limited review report attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/374c6d62-b9f2-4335-b8c5-0e4f87d1a940.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/616741e6-0dca-4a60-a4de-15d01f012d4b.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ea80f59f-a034-46d2-b435-565723d0c5c8.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/96d5a788-2cec-4d27-907c-a16462101c68.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19bd50cd-0651-4ace-b880-7fd7e1d99da3.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/540696/76809540696.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540696/72464540696.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540696/67508540696.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540696/5406960319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540696/5406960318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/540696/5406960317.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 2026-09-13T19:41:23.434Z.