Key Metrics of Harshith Enterprises
About Harshith Enterprises
Company details
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
WatchLiquidity assessed as Stretched
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 21 May 2026 | ICRA | Assigned | — | — | Stable | ₹0 | View |
Credit strengths (ICRA, May 2026)
+ Extensive track record of operations in manpower and service delivery industry
The proprietor has around seven years of experience in the manpower services industry, supported by long-standing engagements with multiple Central Government departments.
+ Established relationships with reputed clientele
The entity supplies manpower to multiple Central government departments, including the Income Tax Department (Hyderabad), Ordnance Factory, National Institute of Oceanography (Ministry of Earth Sciences), Defence Research and Development Laboratory (DRDL), Botanical Survey of India, United India Insurance (Andhra Pradesh & Telangana), Air Force, and Kendriya Vidyalaya (PGT Teachers).
Credit challenges
− Small scale of operations and low earnings in intensely competitive industry
The scale of entity remains small, with operating income of around Rs 4.91 crore in FY2026 as against Rs. 3.68 crore in FY25.
− Small net worth base
The net worth base of the entity remained small at Rs. 0.17 crore in FY2025.
− Margins susceptible to regulatory changes in the market
The entity operates within a regulatory environment governed by multiple Central and State laws related to contractual labour, exposing its operations to regulatory and compliance risks.
Could lead to an upgrade
The rating could be upgraded if the entity exhibits significant growth in revenues and earnings, leading to improvement in credit metrics and
Could lead to a downgrade
The rating can be downgraded in case of significant deterioration in the entity’s earnings on a sustained basis and/or if there is a stretch in its receivables cycle, which impacts its credit metrics or
Agency-reported financials (ICRA, 21 May 2026)
| Metric | FY2024 | FY2025 |
|---|---|---|
| Operating income (OI) | ₹2.50 Cr | ₹3.70 Cr |
| PAT | ₹0.20 Cr | ₹0.20 Cr |
| OPBDIT/OI | 6.3% | 6.2% |
| PAT/OI | 6.0% | 6.0% |
| Total outside liabilities/Tangible net worth (times) | 0.20× | 0.20× |
| Total debt/OPBDIT (times) | 0.00× | 0.00× |
| Interest coverage (times) | — | — |
| Revenue growth (YoY) | — | 48.0% |
| EBITDA (margin × income) | ₹0.16 Cr | ₹0.23 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹0.00 Cr | ₹0.00 Cr |
| Implied interest cost (EBITDA ÷ coverage) | — | — |
Borrowings & rated debt
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Issuer [ICRA] B () | Other | — | ₹0 | — | — | Assigned | ICRA |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2024-25
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 31% |
| Information on file | 22% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 24% chance the next rating action is stable or better
Rated limits by facility
Timeline
From the report
Liquidity position: Stretched The entity’s liquidity position is likely to remain Stretched, characterised by minimal cash and bank balance maintained by the entity and absence of working capital limits sanctioned as on date.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.