Harsha Engineers P/B Ratio
Harsha Engineers (HARSHA) P/B ratio is 2.61 (Moderate), book value per share ₹154.07 vs Industrial Products average P/B of -1.96 — High - Premium to book value, growth expectations or asset-light model. Compare with HARSHA stock valuation models to assess whether the stock is under or overvalued.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
HARSHA P/B Ratio — Valuation Insights & Book Value Analysis
Harsha Engineers price-to-book ratio interpretation, valuation status and historical context — current P/B 2.61 (Moderate). For live price, earnings yield and the full fundamental profile, see Harsha Engineers share price screener.
- Current PB is 28.2% below historical average
- Trading at premium to sector average PB of -1.96
Harsha Engineers P/B Ratio Historical Trend
HARSHA annual price-to-book ratio — 5 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. View HARSHA annual price range for the annual high/low range and current price position.
HARSHA Historical P/B Ratio — Book Value Per Share & Year-End Price
Harsha Engineers annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 2.61 | ₹154.07 | ₹402.20 | ₹1,402 | Moderate |
| 2025 | 2.73 | ₹137.8 | ₹375.60 | ₹1,254 | Moderate |
| 2024 | 3.85 | ₹129.12 | ₹497.50 | ₹1,175 | High |
| 2023 | 3.34 | ₹117.8 | ₹393.10 | ₹1,072 | High |
| 2022 | 5.64 | ₹67.79 | ₹382.40 | ₹522 | High |
HARSHA vs Industrial Products Peers — P/B Ratio Comparison
Harsha Engineers P/B 2.61 vs Industrial Products average -1.96, median -0.37 — range -13.96–0.38.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Mahalaxmi Seamless | MAHALXSE | -13.96 | ₹4 | Low |
| Cochin Malabar Estates | COCHMAL | -13.33 | ₹25 | Low |
| Shah Alloys | SHAHALLOYS | -13.32 | ₹144 | Low |
| TPINDIA | TPINDIA | -7.7 | ₹89 | Low |
| Electrotherm | ELECTHERM | -6.41 | ₹966 | Low |
| Heera Ispat | HEERAISP | -5.94 | ₹5 | Low |
| Mahip Industries | MAHIP | -5.55 | ₹47 | Low |
| Nova Iron & Steel | NOVIS | -4.44 | ₹45 | Low |
| Mukat Pipes | MUKATPIP | -3.45 | ₹25 | Low |
| MSR India | MSRINDIA | -2.9 | ₹31 | Low |