Harrisons Malayalam Ltd
Incorporated in 1978, Harrison Malayalam Ltd is engaged in plantations of tea and rubber[1]
- Market Cap ₹ 419 Cr.
- Current Price ₹ 226
- High / Low ₹ 342 / 161
- Stock P/E 28.1
- Book Value ₹ 83.3
- Dividend Yield 0.00 %
- ROCE 11.2 %
- ROE 9.99 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.71 times its book value
- The company has delivered a poor sales growth of 5.94% over past five years.
- Company has a low return on equity of 7.29% over last 3 years.
- Earnings include an other income of Rs.11.8 Cr.
- Dividend payout has been low at 3.46% of profits over last 3 years
* 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.
Peer comparison
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
382 | 325 | 284 | 365 | 382 | 352 | 385 | 449 | 470 | 485 | 486 | 514 | |
359 | 342 | 320 | 352 | 369 | 364 | 362 | 394 | 438 | 457 | 476 | 490 | |
Operating Profit | 24 | -17 | -36 | 13 | 13 | -12 | 24 | 55 | 31 | 27 | 10 | 23 |
OPM % | 6% | -5% | -13% | 4% | 3% | -3% | 6% | 12% | 7% | 6% | 2% | 5% |
3 | 4 | 10 | 10 | 9 | 6 | 6 | 3 | 7 | 7 | 1 | 12 | |
Interest | 15 | 14 | 14 | 14 | 13 | 14 | 16 | 14 | 11 | 12 | 13 | 13 |
Depreciation | 6 | 7 | 6 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 6 | 7 |
Profit before tax | 5 | -35 | -46 | 4 | 4 | -24 | 9 | 40 | 23 | 18 | -7 | 15 |
Tax % | 14% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
4 | -35 | -46 | 4 | 4 | -24 | 9 | 40 | 23 | 18 | -7 | 15 | |
EPS in Rs | 2.38 | -19.06 | -24.69 | 2.21 | 2.41 | -13.02 | 5.01 | 21.85 | 12.48 | 9.61 | -3.95 | 8.05 |
Dividend Payout % | 42% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 3% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | -10% |
TTM: | 9827% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 28% |
3 Years: | 14% |
1 Year: | 38% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 14% |
3 Years: | 7% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
Reserves | 303 | 268 | 223 | 84 | 85 | 60 | 60 | 97 | 120 | 138 | 125 | 136 |
110 | 113 | 112 | 95 | 96 | 121 | 114 | 99 | 89 | 95 | 98 | 103 | |
110 | 114 | 148 | 163 | 181 | 173 | 211 | 192 | 193 | 194 | 221 | 215 | |
Total Liabilities | 541 | 513 | 501 | 361 | 381 | 373 | 403 | 407 | 420 | 445 | 463 | 472 |
429 | 428 | 424 | 277 | 277 | 280 | 285 | 285 | 286 | 291 | 298 | 296 | |
CWIP | 2 | 2 | 1 | 8 | 11 | 10 | 13 | 22 | 36 | 58 | 72 | 88 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
109 | 83 | 76 | 76 | 93 | 83 | 106 | 100 | 98 | 97 | 93 | 88 | |
Total Assets | 541 | 513 | 501 | 361 | 381 | 373 | 403 | 407 | 420 | 445 | 463 | 472 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 10 | 13 | 21 | 20 | -7 | 33 | 41 | 38 | 31 | 33 | 23 | |
-5 | -4 | 4 | 4 | -7 | -6 | -9 | -11 | -14 | -27 | -22 | -16 | |
-20 | -14 | -15 | -31 | -12 | 11 | -23 | -32 | -21 | -6 | -11 | -8 | |
Net Cash Flow | 1 | -8 | 2 | -6 | 1 | -1 | 1 | -1 | 2 | -2 | 0 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 14 | 14 | 9 | 8 | 14 | 10 | 8 | 13 | 11 | 9 | 14 | 9 |
Inventory Days | 90 | 88 | 103 | 78 | 89 | 94 | 157 | 94 | 80 | 97 | 89 | 75 |
Days Payable | 62 | 73 | 130 | 101 | 121 | 108 | 186 | 117 | 118 | 118 | 160 | 123 |
Cash Conversion Cycle | 42 | 29 | -18 | -15 | -18 | -4 | -22 | -10 | -27 | -12 | -57 | -38 |
Working Capital Days | 5 | -21 | -70 | -58 | -55 | -79 | -72 | -44 | -46 | -45 | -64 | -55 |
ROCE % | 5% | -5% | -9% | 5% | 8% | -5% | 13% | 27% | 14% | 12% | 5% | 11% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Secretarial Compliance Report FY 2024-25; minor delayed intimation on tax orders, no penalties imposed.
- Financial Results For The Quarter And Year Ended 31.03.2025 23 May
-
Board Meeting Outcome for Outcome Of Board Meeting
23 May - Approved audited financial results for year ended March 31, 2025, with unmodified auditor opinion.
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Board Meeting Intimation for To Consider Inter Alia The Audited Financial Results Of The Company
14 May - Board meeting on May 23, 2025, to consider audited financial results; trading window closed till May 26.
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
28 Apr - Harrisons Malayalam confirms non-applicability of SEBI large corporate norms as of March 31, 2025.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Business Overview:[1]
HML is a part of Rama Prasad Goenka Group (RPG) /RP-Sanjiv Goenka Group (RP-SG Enterprises). It does cultivation of tea and natural rubber. Company has 13 tea estates in Kerala and Tamil Nadu, producing CTC and orthodox tea and has 11 rubber plantations in Kerala