Harikanta Overseas

Harikanta Overseas (HARIKANTA) is a micro-cap Textile Manufacturing company valued at ₹70 crore operating in Textile Manufacturing on the NSE and BSE.

Recent price move

Harikanta Overseas last traded at ₹71, unchanged on the day.

Financial performance

The company's annual revenue and net profit remained flat, with revenue at ₹47 crore and net profit at ₹7 crore. The latest quarter showed no change compared to the same quarter a year earlier, and net profit margin stayed at 15.2%. Return on equity and return on capital employed were 34.1% and 40.6% respectively, showing strong profitability.

Valuation multiples

The stock trades at 9.3 times earnings, 1.46 times book value.

Things to watch

The company's market cap is small, and the stock is trading 21.0% below its 52-week high. Promoter holding is 70.66%, which could signal a lack of confidence if it changes, though there are no recent developments on this front.

Where it stands

The DocStoX verdict of buy follows from the strong return on equity and return on capital employed, which indicate efficient use of capital. The most important factor is the company's ability to maintain profitability despite a small market cap and a stock price that is below its recent high.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.