Harrisons Malayalam Ltd

₹ 132 1.19%
31 Jan - close price
About

Harrisons Malayalam (HML) is a major plantation player in Southern parts of India.
HML is principally engaged in Tea, Rubber & Fruits, Spices & other crops plantations and has Tea & Rubber estates in the state of Kerala & Tamil Nadu.
Further HML is also engaged in trading & exports of Tea & Rubber. [1]

Key Points

Business Segments

  • Market Cap 244 Cr.
  • Current Price 132
  • High / Low 195 / 125
  • Stock P/E 8.73
  • Book Value 80.8
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 16.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 104% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.16% over past five years.
  • Tax rate seems low
  • Contingent liabilities of Rs.81.4 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
102.21 116.23 91.48 62.94 106.28 133.09 148.81 94.72 129.06 118.70 129.04 108.61 128.17
97.83 99.85 85.76 66.54 93.65 107.11 128.53 90.04 122.32 106.91 120.88 101.18 120.24
Operating Profit 4.38 16.38 5.72 -3.60 12.63 25.98 20.28 4.68 6.74 11.79 8.16 7.43 7.93
OPM % 4.29% 14.09% 6.25% -5.72% 11.88% 19.52% 13.63% 4.94% 5.22% 9.93% 6.32% 6.84% 6.19%
0.78 1.27 2.79 0.58 0.64 0.78 0.83 0.98 1.07 1.18 3.89 1.27 1.77
Interest 3.97 3.99 4.00 3.63 3.87 3.37 2.72 2.89 2.96 2.64 2.69 2.96 3.00
Depreciation 0.99 1.00 1.32 0.87 1.12 1.01 1.10 0.91 0.95 1.08 1.28 0.91 0.94
Profit before tax 0.20 12.66 3.19 -7.52 8.28 22.38 17.29 1.86 3.90 9.25 8.08 4.83 5.76
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 0.20 12.66 3.20 -7.53 8.27 22.39 17.29 1.86 3.91 9.25 8.08 4.83 5.76
EPS in Rs 0.11 6.84 1.73 -4.07 4.47 12.10 9.35 1.01 2.11 5.00 4.37 2.61 3.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
287 365 346 382 325 284 365 382 352 385 449 470 485
267 335 323 359 342 320 352 369 364 362 394 438 449
Operating Profit 20 30 22 24 -17 -36 13 13 -12 24 55 31 35
OPM % 7% 8% 6% 6% -5% -13% 4% 3% -3% 6% 12% 7% 7%
5 4 2 3 4 10 10 9 6 6 3 7 8
Interest 13 17 15 15 14 14 14 13 14 16 14 11 11
Depreciation 3 6 7 6 7 6 5 4 4 4 4 4 4
Profit before tax 8 10 3 5 -35 -46 4 4 -24 9 40 23 28
Tax % 24% 55% 34% 14% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit 6 5 2 4 -35 -46 4 4 -24 9 40 23 28
EPS in Rs 3.45 2.55 1.24 2.38 -19.06 -24.69 2.21 2.41 -13.02 5.01 21.85 12.48 15.09
Dividend Payout % 43% 59% 60% 42% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 5%
3 Years: 10%
TTM: -4%
Compounded Profit Growth
10 Years: 16%
5 Years: 104%
3 Years: 42%
TTM: -39%
Stock Price CAGR
10 Years: 9%
5 Years: 10%
3 Years: 33%
1 Year: -25%
Return on Equity
10 Years: -2%
5 Years: 10%
3 Years: 23%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 257 301 301 303 268 223 84 85 60 60 97 120 131
90 101 113 110 113 112 95 96 121 114 99 89 105
56 95 98 110 114 148 163 181 173 211 192 193 198
Total Liabilities 422 515 530 541 513 501 361 381 373 403 407 420 452
180 426 428 429 428 424 277 277 280 285 285 286 286
CWIP 3 1 5 2 2 1 8 11 10 13 22 36 44
Investments 190 0 0 0 0 0 0 0 0 0 0 0 0
49 89 97 109 83 76 76 93 83 106 100 98 123
Total Assets 422 515 530 541 513 501 361 381 373 403 407 420 452

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
44 42 20 26 10 13 21 20 -7 33 41 38
-32 -8 -12 -5 -4 4 4 -7 -6 -9 -11 -14
-8 -32 -6 -20 -14 -15 -31 -12 11 -23 -32 -21
Net Cash Flow 4 3 2 1 -8 2 -6 1 -1 1 -1 2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 14 13 9 14 14 9 8 14 10 8 13 11
Inventory Days 51 69 85 90 88 103 78 89 94 157 94 80
Days Payable 127 45 68 62 73 130 101 121 108 186 117 118
Cash Conversion Cycle -62 37 26 42 29 -18 -15 -18 -4 -22 -10 -27
Working Capital Days -21 -15 -20 5 -21 -70 -58 -55 -79 -72 -44 -46
ROCE % 7% 4% 5% -5% -9% 5% 8% -5% 13% 27% 14%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
54.04 54.04 54.04 54.12 54.12 54.12 54.12 54.12 54.12 54.12 54.12 54.12
0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.47 0.41 0.14 0.29 0.11
0.33 0.84 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.05 0.05
45.63 45.12 45.91 45.83 45.83 45.83 45.63 45.36 45.42 45.70 45.55 45.72

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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