Harshdeep Hortico Ltd – Company Report
1. Company Overview
Harshdeep Hortico Ltd, incorporated on December 30, 2022, and headquartered in Mumbai, Maharashtra, is an emerging Indian manufacturer specializing in the design, development, and supply of planters and garden accessories. The company evolved from M/s Harshdeep Agro Products (a proprietorship by Hitesh Chunilal Shah) and became a public limited company in April 2023. It operates two major manufacturing units in Bhiwandi and Pune, and has retail stores in Delhi, Pune, and Rajahmundry. Distribution covers cities including Hyderabad, Kolkata, Chandigarh, and Visakhapatnam, giving it a solid pan-India presence.
Key Details:
- Incorporated: December 2022 (public since 2023)
- Headquarters: Mumbai, Maharashtra, India
- Promoter: Hitesh Chunilal Shah
- Employees: 51–200 (est.)
- Units: Bhiwandi & Pune
- Retail Stores: Delhi, Pune, Rajahmundry
- Distributors: Hyderabad, Kolkata, Chandigarh, Visakhapatnam
- Focus: Indoor/Outdoor planters, garden & décor
- Market Presence: India + select global markets
2. Products and Services
Harshdeep Hortico Ltd designs and manufactures a broad array of designer planters and garden accessories, serving both retail and institutional customers.
Core Products:
Planters and Pots:
- Plastic, FRP, Roto moulded, LED/illuminated, and Eco-series
- Hanging pots, balcony/tabletop planters, succulent/bonsai pots
- Landscape planters for homes, malls, hotels, public spaces
Accessories:
- Garden hose pipes, watering cans, seedling trays, grow bags, self-watering pots
Furniture & Decor:
- Roto-moulded outdoor furniture (newly added category)
Manufacturing & Tech:
- 4 rotational moulding machines
- 20 injection moulding machines
- 1 blow extrusion unit
- Fully in-house production, ensuring quality consistency
Clientele & Distribution:
- Serves architects, designers, nurseries, and direct consumers via offline & online channels
3. Recent News and Financial Performance
Business Developments:
- Continued expansion of showroom and distributor network
- New product lines like outdoor furniture launched
- Investment in automation & plant expansion underway
Major Expansion Plans (Announced Aug 2024):
Pune plant expansion:
+12,000 sq. ft., bringing total to 50,000+ sq. ft.
Launch of shade net production (annual capacity: 210,000 kgs)New Showrooms:
- Hyderabad and Ahmedabad to open by FY26
- Delhi showroom relocation to larger space for higher footfall
Bengaluru Warehouse:
- New logistics hub to serve Karnataka, Kerala, Tamil Nadu & Telangana
New Store Opening in Ahmedabad (November 2024):
- Harshdeep Hortico announces the grand opening of its latest retail store in Ahmedabad.
Significant Order Wins:
Navi Mumbai International Airport Orders (April 2025):
- Secured ₹1.39 crore orders from L&T and Adani Group
- Supply of customized flower pots by June 30, 2025
Mumbai & Mangaluru Airports (2024):
- Executed earlier orders worth ₹86.6 lakhs (Adani-operated)
- Mumbai International Airport Limited value ₹64.90 lakhs.
- Mangalore International Airport worth ₹21.7 lakhs.
- Successfully delivered within 120 days
4. Financial Performance (FY2025):
| Metric | Value (FY2025) | FY2024 Comparison |
|---|---|---|
| Total Revenue | ₹56.42 crore | ₹48.42 crore |
| Operating Profit | ₹14.81 crore | |
| EBITDA | ₹14.96 crore | |
| Net Profit (PAT) | ₹9.70 crore | ₹6.55 crore |
| EPS (Basic) | ₹6.03 | ₹4.07 |
| OPM | 26% | |
| NPM | 17.24% | |
| Dividend | Not declared |