Harrisons Malayalam Ltd

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Harrisons Malayalam is principally engaged in plantation business having tea and rubber estates in Kerala and Tamil Nadu.(Source : 201903 Annual Report Page No: 70)

  • Market Cap 319 Cr.
  • Current Price 174
  • High / Low 184 / 55.2
  • Stock P/E 12.1
  • Book Value 42.3
  • Dividend Yield 0.00 %
  • ROCE 13.0 %
  • ROE 12.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 4.11 times its book value
  • The company has delivered a poor sales growth of 3.44% over past five years.
  • Company has a low return on equity of -4.03% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
78 75 103 98 77 102 116 91 63 106 133
80 86 106 94 81 98 100 86 67 94 107
Operating Profit -3 -11 -3 4 -3 4 16 6 -4 13 26
OPM % -3% -14% -3% 5% -4% 4% 14% 6% -6% 12% 20%
Other Income 2 1 1 2 1 1 1 3 1 1 1
Interest 3 3 4 4 4 4 4 4 4 4 3
Depreciation 1 1 1 1 1 1 1 1 1 1 1
Profit before tax -5 -14 -7 1 -7 0 13 3 -8 8 22
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit -5 -14 -7 1 -7 0 13 3 -8 8 22
EPS in Rs -2.66 -7.32 -3.52 0.49 -3.67 0.11 6.84 1.73 -4.07 4.47 12.10

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
206 201 287 365 346 382 325 284 365 382 352 385 394
181 188 267 335 323 361 342 317 352 369 364 362 353
Operating Profit 25 14 20 30 22 22 -17 -33 13 13 -12 24 41
OPM % 12% 7% 7% 8% 6% 6% -5% -12% 4% 3% -3% 6% 10%
Other Income 5 12 5 4 2 5 3 7 10 9 6 6 5
Interest 12 13 13 17 15 15 14 14 14 13 14 16 15
Depreciation 3 3 3 6 7 6 7 6 5 4 4 4 4
Profit before tax 16 9 8 10 3 5 -35 -46 4 4 -24 9 26
Tax % 7% 10% 24% 55% 34% 14% 0% 0% 0% 0% 0% 0%
Net Profit 15 8 6 5 2 4 -35 -46 4 4 -24 9 26
EPS in Rs 8.01 4.31 3.45 2.55 1.24 2.38 -19.06 -24.69 2.21 2.41 -13.02 5.01 14.23
Dividend Payout % 19% 35% 43% 59% 60% 42% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:2%
TTM:-0%
Compounded Profit Growth
10 Years:%
5 Years:18%
3 Years:160%
TTM:278%
Stock Price CAGR
10 Years:9%
5 Years:22%
3 Years:15%
1 Year:204%
Return on Equity
10 Years:%
5 Years:-9%
3 Years:-4%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 259 254 257 301 301 303 268 223 84 85 60 60 60
Borrowings 77 83 90 101 113 110 113 112 95 96 121 114 95
146 75 56 95 98 110 114 148 163 181 173 211 237
Total Liabilities 501 431 422 515 530 541 513 501 361 381 373 403 410
182 181 180 426 428 429 428 424 277 277 280 285 283
CWIP 1 1 3 1 5 2 2 1 8 11 10 13 18
Investments 190 190 190 0 0 0 0 0 0 0 0 0 0
128 59 49 89 97 109 83 76 76 93 83 106 109
Total Assets 501 431 422 515 530 541 513 501 361 381 373 403 410

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
14 7 44 42 20 26 10 13 21 20 -7 33
22 5 -32 -8 -12 -5 -4 4 4 -7 -6 -9
-35 -11 -8 -32 -6 -20 -14 -15 -31 -12 11 -23
Net Cash Flow 1 1 4 3 2 1 -8 2 -6 1 -1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 6% 7% 4% 5% -5% -9% 5% 8% -5% 13%
Debtor Days 17 27 14 13 9 14 14 9 8 14 10 8
Inventory Turnover 6.40 6.22 8.97 5.46 5.39 4.82 4.38 5.80 5.17 4.71 3.32

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
50.30 50.30 50.30 50.30 50.30 50.30 51.77 54.04 54.04 54.04 54.12 54.12
0.27 0.39 0.27 0.41 0.79 0.05 0.20 0.33 0.84 0.05 0.05 0.05
49.42 49.31 49.42 49.29 48.91 49.64 48.03 45.63 45.12 45.91 45.83 45.83

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