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Harsha Engineers is the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world. Company offer diversified suite of precision engineering products across geographies and end-user industries. Company’s business comprises: (i) engineering business, under which it manufacture bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings; and (ii) solar EPC business, under which company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements.

VALUATION

Company is bringing the issue at price band of Rs 314-330 per share at p/e multiple of 33x on post issue FY22 PAT basis. Company being comprehensive solution provider offering diversified suite of precision engineering products across geographies and end-user industries has long standing relationships with leading clientele. Company’s strategically located domestic and international production facilities and warehouses & expertise in tooling, design development and automation with consistent track record of growth and financial performance is looking strong to us. Hence . looking after all above ,we recommend “Subscribe” on issue.

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