Harmony Capital Services Ltd Stock Price Today (NSE: HRMNYCP)
Harmony Capital Services Ltd
Fundamental Score
Harmony Capital Services Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Harmony Capital Services Ltd share price today is ₹97.84, up +0.00% on NSE/BSE as of 3 August 2026. Harmony Capital Services Ltd (HRMNYCP) is a Small-cap company in the Diversified Commercial Services sector with a market capitalisation of ₹118.65 (Cr). The 52-week high for HRMNYCP share price is ₹97.84 and the 52-week low is ₹55.00. At a P/E ratio of 439.44x, HRMNYCP is currently trading above its industry average P/E of 19.79x. The company has a Return on Equity (ROE) of 31.03% and a debt-to-equity ratio of 0.00.
Harmony Capital Services Ltd Share Price Chart — NSE/BSE Historical Performance
Harmony Capital Services Ltd share price chart: 4.99% return over the past month. 52-week high ₹97.84, 52-week low ₹55.00.
Harmony Capital Services Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 0.00 (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 0.00 (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 0.00 (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 100.00 (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 0.00 (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 0.00 (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 0.00 (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 0.00 (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 4.22K (Cr) | |
| ₹97.84 | ₹97.84 | ₹97.84 | ₹97.84 | 0.00 (Cr) |
Harmony Capital Services Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹93.19 | ₹97.84 | ₹93.19 | ₹97.84 | +4.99% | |
| ₹88.76 | ₹93.19 | ₹88.76 | ₹93.19 | +4.99% | |
| ₹84.54 | ₹88.76 | ₹84.54 | ₹88.76 | +4.99% | |
| ₹84.54 | ₹84.54 | ₹84.54 | ₹84.54 | +0.00% | |
| ₹80.52 | ₹84.54 | ₹80.52 | ₹84.54 | +4.99% | |
| ₹76.69 | ₹80.52 | ₹76.69 | ₹80.52 | +4.99% | |
| ₹76.69 | ₹76.69 | ₹76.69 | ₹76.69 | +0.00% | |
| ₹73.04 | ₹76.69 | ₹73.04 | ₹76.69 | +5.00% | |
| ₹69.57 | ₹73.04 | ₹69.57 | ₹73.04 | +4.99% | |
| ₹66.26 | ₹69.57 | ₹66.26 | ₹69.57 | +5.00% | |
| ₹58.00 | ₹66.26 | ₹58.00 | ₹66.26 | +14.24% | |
| ₹55.25 | ₹64.05 | ₹55.00 | ₹60.70 | +9.86% |
AI Research Briefing
Powered by Gemini · 2026-08-01
A dormant financial shell executing an ₹83.47 Cr reverse-takeover of a ₹315 Cr engineering asset, offering massive structural upside weighed down by extreme 439x valuation and micro-cap illiquidity.
WHAT'S HAPPENING NOW (last 2-4 weeks)
On July 16, 2026, the board approved the acquisition of a 51% controlling stake in Truvolt Engineering Co Pvt Ltd via an ₹83.47 Cr share swap (issuing up to 1.26 Cr shares at ₹66/share). Truvolt generates ₹315 Cr in revenue (FY26), dwarfing Harmony's existing scale. For Q1 FY27, Harmony posted revenue of ₹4.41 Cr versus nil YoY, with net profit turning positive to ₹1.38 Cr (up 284% QoQ) from a loss of ₹0.01 Cr YoY.
CORE STORY (THE REAL GAME)
Classic shell-company reverse merger trade. Harmony was a dormant penny-cap entity with zero operating revenue. Promoters are using equity dilution at a high valuation to swallow Truvolt Engineering—a real ₹315 Cr power transformer/engineering business—turning a ghost script into a power capex play.
- Approved 51% stake acquisition in Truvolt Engineering via ₹83.47 Cr share swap on July 16, 2026.
- Q1 FY27 standalone results turned profitable with ₹4.41 Cr revenue and ₹1.38 Cr net profit.
- Stock hit 52-week high following the M&A announcement and operational turnaround.
- Regulatory and shareholder approval timelines for the 51% share swap acquisition.
- First consolidated quarter earnings release reflecting Truvolt's ₹315 Cr revenue base.
- Further capital raises or equity dilution announcements to fund expansion.
- Extreme valuation mismatch: P/E of 439.44x versus industry P/E of 19.79x.
- Micro-cap illiquidity risk with ₹118.65 Cr market cap and zero institutional (FII/DII) coverage.
- Massive equity dilution coming from issuing 1.26 Cr new shares at ₹66/share.
Zero FII and DII participation (0.0%). Promoters hold 59.37% with zero pledged shares, maintaining tight control over the restructuring process.
Strong capital expenditure tailwinds in Indian power infrastructure benefiting transformer manufacturers like Truvolt Engineering.
Acquisition of 51% stake (63,23,700 equity shares) in Truvolt Engineering Co Pvt Ltd for ₹83.47 Cr via share swap (FY26 turnover ₹315 Cr).
Poor historical cash generation with 5-year Free Cash Flow at just ₹0.78 Cr and negative FCF in Q1 FY27 (-₹0.01 Cr).
Success hinges entirely on completing the Truvolt merger and delivering consolidated earnings. Expect volatile range-bound trading until the share swap closes.
Primary Thesis Risk
Failure or delay in executing the Truvolt reverse merger leaves investors holding a shell at 439x earnings.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Harmony Capital Services Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Harmony Capital Services Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of HRMNYCP across key market metrics for learning purposes.
Positive Indicators
9 factors identified
Strong Return on Equity (31.03%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (32.18%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Robust Profit Growth (284.21%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Excellent EPS Growth (45.41% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (45.41% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Debt-Free Balance Sheet (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (28.00x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Balanced Promoter Holding (59.37%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
2 factors identified
Premium Valuation Risk (P/E: 439.44x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Harmony Capital Services Ltd vs Diversified Commercial Services Peers
Peer Comparison - Diversified Commercial Services
Compare Harmony Capital Services Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Harmony Capital Services LtdHarmony Capital...Selected✓ HRMNYCP • 530055 | 48.2/100 | ₹97.84₹98 | ₹118.65₹118.65 | 439.44Average 439.4 Average | 31.03%Excellent 31.03% Excellent | 32.18%Excellent 32.18% Excellent | 0.00Excellent 0.0 Excellent | 45.41%Excellent 45.41% Excellent | — — | 0.00% |
72.2/100 | ₹353.45₹353 | ₹15268.32₹15268.32 | 26.22Average 26.2 Average | 23.22%Excellent 23.22% Excellent | 30.72%Excellent 30.72% Excellent | 0.01Excellent 0.0 Excellent | 67.78%Excellent 67.78% Excellent | 48.99%Excellent 48.99% Excellent | 0.71% | |
Nesco LtdNesco Ltd... NESCO • 505355 | 68.3/100 | ₹1064.80₹1065 | ₹7688.93₹7688.93 | 18.42Average 18.4 Average | 14.84%Average 14.84% Average | 18.54%Good 18.54% Good | 0.09Excellent 0.1 Excellent | 19.33%Excellent 19.33% Excellent | 26.21%Excellent 26.21% Excellent | 0.64% |
Yaari Digital Integrated Services LtdYaari Digital I... YAARI • 533520 | 61/100 | ₹16.47₹16 | ₹7318.76₹7318.76 | 22.61Average 22.6 Average | 23.06%Excellent 23.06% Excellent | 16.17%Good 16.17% Good | 0.15Excellent 0.1 Excellent | 36.58%Excellent 36.58% Excellent | 37.68%Excellent 37.68% Excellent | 0.00% |
NDR INVIT TrustNDR INVIT Trust... NDRINVIT • | 10.1/100 | ₹135.05₹135 | ₹6185.81₹6185.81 | 65.38Average 65.4 Average | 2.47%Poor 2.47% Poor | 5.08%Poor 5.08% Poor | 0.57Good 0.6 Good | — — | — — | 5.66% |
Nirlon LtdNirlon Ltd... NIRLON • 500307 | 63.3/100 | ₹619.15₹619 | ₹5787.56₹5787.56 | 16.73Average 16.7 Average | 83.82%Excellent 83.82% Excellent | 30.77%Excellent 30.77% Excellent | 2.45Poor 2.5 Poor | 22.12%Excellent 22.12% Excellent | 16.12%Excellent 16.12% Excellent | 4.04% |
Smartworks Coworking Spaces LimitedSmartworks Cowo... SMARTWORKS • 544447 | 55.7/100 | ₹470.50₹471 | ₹5287.73₹5287.73 | 502.16Average 502.2 Average | 3.30%Poor 3.30% Poor | 8.30%Poor 8.30% Poor | 9.00Poor 9.0 Poor | 17.02%Excellent 17.02% Excellent | 45.06%Excellent 45.06% Excellent | 0.00% |
CMS Info Systems LtdCMS Info System... CMSINFO • 543441 | 39.7/100 | ₹263.70₹264 | ₹4465.92₹4465.92 | 14.40Average 14.4 Average | 13.20%Average 13.20% Average | 17.65%Good 17.65% Good | 0.09Excellent 0.1 Excellent | 13.06%Good 13.06% Good | 13.75%Good 13.75% Good | 2.41% |
Quess Corp LtdQuess Corp Ltd... QUESS • 539978 | 53.2/100 | ₹332.55₹333 | ₹4382.22₹4382.22 | 19.10Average 19.1 Average | 20.38%Excellent 20.38% Excellent | 23.04%Excellent 23.04% Excellent | 0.11Excellent 0.1 Excellent | 37.55%Excellent 37.55% Excellent | 7.15%Good 7.15% Good | 3.41% |
Hemisphere Properties India LtdHemisphere Prop... HEMIPROP • 543242 | 11.3/100 | ₹134.32₹134 | ₹3892.82₹3892.82 | — — | -2.70%Poor -2.70% Poor | -1.14%Poor -1.14% Poor | 0.20Excellent 0.2 Excellent | -13.16%Poor -13.16% Poor | — — | 0.00% |
Sanghvi Movers LtdSanghvi Movers ... SANGHVIMOV • 530073 | 64/100 | ₹409.80₹410 | ₹3761.22₹3761.22 | 19.79Average 19.8 Average | 15.49%Good 15.49% Good | 16.68%Good 16.68% Good | 0.51Good 0.5 Good | 59.97%Excellent 59.97% Excellent | 36.76%Excellent 36.76% Excellent | 0.46% |
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Harmony Capital Services Ltd PE Ratio History
Historical price-to-earnings ratio for HRMNYCP — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2023 | ₹0.33 | ₹45.08 | 136.6x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Harmony Capital Services Ltd Quarterly Performance
Latest quarterly metrics for HRMNYCP — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
N/A
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
284.21%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
N/A
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
45.41%
Compounded annual net profit growth over 5 years
Harmony Capital Services Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for HRMNYCP — calculated from daily price history
Momentum is strong — price may be stretched. Watch for pullbacks.
Technical indicators are for educational purposes only. Not investment advice.
Harmony Capital Services Ltd Financial Statements
Annual income statement, balance sheet and cash flow for Harmony Capital Services Ltd (HRMNYCP) — sourced from NSE/BSE filings.
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Fetching financial data for Harmony Capital Services Ltd
About HRMNYCP (Harmony Capital Services Ltd)
Harmony Capital Services Ltd is a publicly traded entity (HRMNYCP) operating within the Diversified Commercial Services sector, though its current activities are notably limited. E...stablished with a vision to cater to various commercial requirements, the company was initially conceived as a versatile provider of financial solutions. This genesis laid the groundwork for a broad range of potential services, spanning traditional lending, investment management, and advisory roles. However, in recent years, the company has apparently pivoted away from active engagement in these domains, leaving its current operational footprint minimal. Despite this shift, Harmony Capital Services Ltd remains listed on the stock exchange, suggesting ongoing strategic evaluations and potential future repositioning within its designated sector. The historical trajectory of Harmony Capital Services Ltd underscores its ambition to establish a comprehensive suite of commercial service offerings. During its active phase, the company aimed to address the nuanced demands of businesses seeking capital, strategic guidance, and financial expertise. While the specifics of its past operations remain somewhat opaque, the company's incorporation in 1994 signifies a period of sustained focus on the Indian commercial landscape. This longevity, coupled with its continued listing, highlights a commitment to navigating the complexities of the market and adapting to evolving economic circumstances. Although it no longer engages in its initial financial service activities, there is potential for a change in the future. Based in Mumbai, India, a major economic hub, Harmony Capital Services Ltd benefits from its location within a dynamic and diverse commercial environment. The city's status as a global financial center offers access to a wealth of resources, expertise, and potential partnerships. However, the company's current state of limited operations suggests that it is either undergoing a period of restructuring, reassessing its market strategy, or actively seeking new avenues for growth. Consequently, the future direction of Harmony Capital Services Ltd remains uncertain, dependent on its ability to capitalize on emerging opportunities within the diversified commercial services sector and leverage its established corporate framework.
Company Details
Key Leadership
HRMNYCP Share Price: Frequently Asked Questions
What is the current share price of Harmony Capital Services Ltd?
Harmony Capital Services Ltd (HRMNYCP) trades at ₹97.84 on NSE and BSE. Market cap ₹118.65 (Cr). Educational data only.
What is the P/E ratio of Harmony Capital Services Ltd?
Harmony Capital Services Ltd has a P/E of 439.44x vs industry average 19.79x.
What is the Bull Run score for Harmony Capital Services Ltd?
Harmony Capital Services Ltd has a Bull Run score of 48.2/100 based on 25+ financial parameters.
Does Harmony Capital Services Ltd pay dividends?
Harmony Capital Services Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Harmony Capital Services Ltd?
Harmony Capital Services Ltd has ROE of 31.03%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Harmony Capital Services Ltd?
Harmony Capital Services Ltd has debt-to-equity of 0.00.
Is Harmony Capital Services Ltd a good investment?
Bull Run gives Harmony Capital Services Ltd a score of 48.2/100. This is not investment advice — consult a SEBI-registered advisor.