Is Harikanta Overseas the Best Stock in Its Sector? A Look at the Numbers
- October 22, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Harikanta Overseas CMP Rs 64.75 (22 Oct 2026). Market cap Rs 64 Cr. ROE 34.13%. P/E 8.96x versus Industry P/E 30.35x.
Quick Answer
Harikanta Overseas is one of the names investors compare when screening the Synthetic Textile Fabrics sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is Harikanta Overseas the best stock in its sector? The stock trades on the BSE at Rs 64.75 as of 22 October 2026, within its 52-week range of Rs 57.62 to Rs 91.84. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
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About Harikanta Overseas
Harikanta Overseas Ltd manufactures synthetic textile fabrics, and company information says it was incorporated in 2018. Company information says it makes and exports synthetic fabrics for women’s wear such as sarees, dress materials and kurtas, along with fabrics for men’s kurtas, and that it grew from a family run power loom business into an integrated textile manufacturer with domestic and export operations. At a market capitalisation of Rs 64 Cr, it is tracked as part of the Synthetic Textile Fabrics sector on Univest.
Is Harikanta Overseas the Best Stock in Its Sector?
Harikanta Overseas makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Harikanta Overseas’ 8.96x P/E is below the 30.35x Industry P/E, KPR Mill at 41.57x and Siyaram Silk Mills at 10.60x, while its 34.13% ROE is higher than KPR Mill at 15.21% and Siyaram Silk Mills at 15.81%, and its debt to equity ratio of 0.17 is below Siyaram Silk Mills at 0.24, though above KPR Mill at 0.10.
| Metric | Harikanta Overseas |
|---|---|
| CMP (BSE) | Rs 64.75 |
| 52-Week High / Low | Rs 91.84 / Rs 57.62 |
| Market Cap | Rs 64 Cr |
| P/E (TTM) vs Industry P/E | 8.96x vs 30.35x |
| P/B | 1.41 |
| ROE | 34.13% |
| EPS (TTM) | Rs 7.23 |
| Dividend Yield | 0.00% |
| Debt to Equity | 0.17 |
Compare Harikanta Overseas Against Other Synthetic Textile Fabrics Sector Stocks
How Harikanta Overseas Compares Against Its Synthetic Textile Fabrics Sector Peers
The table below sets Harikanta Overseas against 2 other Synthetic Textile Fabrics sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Harikanta Overseas | 64 | 8.96 | 34.13% | 0.17 |
| KPR Mill | 37,921 | 41.57 | 15.21% | 0.10 |
| Siyaram Silk Mills | 2,516 | 10.60 | 15.81% | 0.24 |
| Peer average (2 companies) | – | 26.09 | 15.51% | 0.17 |
Measured against the peer averages, Harikanta Overseas’ P/E is 66 percent below the 26.09x average, and its ROE is 18.62 percentage points above the 15.51% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
What Makes Harikanta Overseas Worth Watching in Synthetic Textile Fabrics
- Scale: At Rs 64 Cr, its market capitalisation is smaller than KPR Mill (Rs 37,921 Cr) and Siyaram Silk Mills (Rs 2,516 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
- Sector drivers: Demand for women’s ethnic wear fabrics, export orders and the cost of yarn drive revenue and margins.
- Key risk: Fabric makers face price pressure from yarn costs and from changing fashion demand. Export business also adds exposure to currency moves and overseas buyer ordering patterns.
Harikanta Overseas Valuation: Is It Justified?
At a P/B ratio of 1.41, the market pays about Rs 1.41 for every rupee of book value, and the EPS (TTM) of Rs 7.23 is the earnings base behind the P/E. The stock trades about 29 percent below its 52-week high and about 12 percent above its 52-week low. The company does not currently show a dividend yield, so returns for shareholders depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Harikanta Overseas and other Synthetic Textile Fabrics sector stocks.
How to Track Harikanta Overseas Before You Invest
Before deciding whether Harikanta Overseas deserves its label as the best stock in its sector for your own portfolio, compare it directly against Synthetic Textile Fabrics sector peers using the steps below.
- Open the Univest Screener and search for Harikanta Overseas to view live price, valuation ratios, and peer comparisons within the Synthetic Textile Fabrics sector.
- Compare its P/E, P/B, and ROE against other Synthetic Textile Fabrics sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Harikanta Overseas gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Synthetic Textile Fabrics depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Harikanta Overseas the best stock in its sector?
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Harikanta Overseas has a 34.13% ROE and trades at 8.96x P/E against a 30.35x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 15.51% peer average and its P/E is below the 26.09x peer average. Its debt to equity ratio of 0.17 is above the 0.17 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
What is the current share price of Harikanta Overseas?
Ans. Harikanta Overseas was trading at Rs 64.75 on the BSE as of 22 October 2026, and its 52-week range runs from Rs 57.62 to Rs 91.84. That leaves the share price 29 percent short of the 52-week high and 12 percent clear of the 52-week low. Its market capitalisation is Rs 64 Cr and its EPS (TTM) is Rs 7.23, which is the earnings figure behind the 8.96x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
What sector does Harikanta Overseas belong to?
Ans. Harikanta Overseas is classified under the Synthetic Textile Fabrics sector on Univest, and that group of listed companies is the reference point for the 30.35x Industry P/E used in this article. The 2 named peers compared here are KPR Mill and Siyaram Silk Mills, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Synthetic Textile Fabrics sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
How does Harikanta Overseas compare to its sector peers on P/E?
Ans. Harikanta Overseas’ P/E of 8.96x is below the 26.09x average of the 2 named peers, with KPR Mill at 41.57x and Siyaram Silk Mills at 10.60x. It also sits below the 30.35x Industry P/E, which is the benchmark for the wider Synthetic Textile Fabrics sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 1.41 gives one more view of how the market values its book value.
What is Harikanta Overseas’ return on equity?
Ans. Harikanta Overseas reported a return on equity of 34.13%, which is above the 15.51% average of its named peers, with KPR Mill at 15.21% and Siyaram Silk Mills at 15.81%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.17 against a peer average of 0.17. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Should I invest in Harikanta Overseas based on its sector position?
Ans. Sector position is only one input into an investment decision. Harikanta Overseas has a 34.13% ROE and a 8.96x P/E, which make it worth researching further, and its dividend yield is 0.00%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
