NSE:HARSHA Stock Forecast

Stock Price Forecast

According to 3 analysts polled by S&P Global, NSE:HARSHA stock has a consensus rating of "Buy" and an average price target of ₹484.33. The average 1-year stock price forecast is 11.00% higher than the current stock price, while the lowest is ₹461.00 (+5.65%) and the highest is ₹527.00 (+20.77%).

Price Target: ₹484.33 (+11.00%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹461.00	₹484.33	₹465.00	₹527.00
Change	+5.65%	+11.00%	+6.57%	+20.77%

* Price targets were last updated on May 8, 2026.

Analyst Ratings

The average analyst rating for NSE:HARSHA stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	2	2	2	1	1	1
Buy	1	1	1	1	1	1
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Prabhudas Lilladher No rating	Prabhudas Lilladher	Hold Maintains ₹409.00 → ₹461.00	Hold	Maintains	₹409.00 → ₹461.00	+5.65%	May 8, 2026

Financial Forecast

Revenue This Year

18.60B

from 16.27B

14.33%

from 16.27B

Revenue Next Year

21.18B

from 18.60B

13.87%

from 18.60B

EPS This Year

19.93

from 17.05

16.91%

from 17.05

EPS Next Year

23.97

from 19.93

20.23%

from 19.93

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	13.21B	13.64B	13.92B	14.08B	16.27B	18.60B
Revenue Growth	51.24%	3.22%	2.07%	1.10%	15.57%	14.33%
Gross Profit	5.72B	6.18B	6.05B	6.58B	7.78B	8.99B
Gross Margin	43.25%	45.31%	43.46%	46.71%	47.81%	48.35%
Operating Income	1.35B	1.54B	1.33B	1.35B	1.93B	2.26B
Net Income	919.50M	1.23B	1.11B	893.10M	1.55B	1.82B
EPS	-	-	-	-	17.05	19.93
EPS Growth	-	-	-	-	44.35%	16.91%
Forward PE	-	21.86	24.91	21.62	17.13	21.89
Dividend / Share	-	1.00	1.00	1.00	1.50	2.00
Dividend Growth	-	-	-	-	50.00%	33.33%
Free Cash Flow	-651.69M	231.75M	25.28M	32.45M	-578.28M	957.00M
No. Analysts	-	-	-	-	-	3

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	19.1B
Avg	18.6B
Low	18.2B

Revenue Growth

Revenue Growth	2027	2028	2029
High	17.1%
Avg	14.3%
Low	12.2%

EPS Forecast

EPS	2027	2028	2029
High	-
Avg	19.93
Low	-

EPS Growth

EPS Growth	2027	2028	2029
High	-
Avg	16.9%
Low	-