Harrisons Malayalam Ltd

Harri. Malayalam Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Harrisons Malayalam Ltd

₹ 313 -3.40%
26 Dec - close price
harrisonsmalayalam.com BSE: 500467 NSE: HARRMALAYA
About

Incorporated in 1978, Harrison Malayalam Ltd is engaged in plantations of tea and rubber[1]

Key Points

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

Website BSE NSE
  • Market Cap ₹ 579 Cr.
  • Current Price ₹ 313
  • High / Low ₹ 342 / 150
  • Stock P/E 180
  • Book Value ₹ 75.4
  • Dividend Yield 0.00 %
  • ROCE 5.39 %
  • ROE 0.11 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 4.15 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.68% over past five years.
  • Company has a low return on equity of 8.96% over last 3 years.
  • 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

Sector: Plantation & Plantation Products Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
129.06 118.70 129.04 108.61 128.17 132.06 117.92 95.85 121.73 129.55 140.98 97.66 137.30
122.31 106.91 121.04 101.17 120.24 122.65 115.44 96.15 120.70 120.75 140.07 101.92 129.95
Operating Profit 6.75 11.79 8.00 7.44 7.93 9.41 2.48 -0.30 1.03 8.80 0.91 -4.26 7.35
OPM % 5.23% 9.93% 6.20% 6.85% 6.19% 7.13% 2.10% -0.31% 0.85% 6.79% 0.65% -4.36% 5.35%
1.07 1.18 3.89 1.27 1.77 1.55 2.52 2.22 1.52 2.63 -5.20 3.44 1.71
Interest 2.96 2.64 2.69 2.96 3.00 3.15 3.12 3.02 3.41 3.36 3.35 3.24 3.32
Depreciation 0.95 1.08 1.28 0.91 0.94 1.08 1.43 1.17 1.29 1.39 1.92 1.56 1.63
Profit before tax 3.91 9.25 7.92 4.84 5.76 6.73 0.45 -2.27 -2.15 6.68 -9.56 -5.62 4.11
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%
3.91 9.25 7.92 4.84 5.76 6.73 0.45 -2.27 -2.15 6.68 -9.55 -5.61 4.11
EPS in Rs 2.11 5.00 4.28 2.62 3.11 3.64 0.24 -1.23 -1.16 3.61 -5.16 -3.03 2.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
330 362 325 284 365 382 352 385 449 470 485 486 505
308 341 342 320 352 369 364 362 394 438 457 476 493
Operating Profit 22 22 -17 -36 13 13 -12 24 55 31 27 10 13
OPM % 7% 6% -5% -13% 4% 3% -3% 6% 12% 7% 6% 2% 3%
2 5 4 10 10 9 6 6 3 7 7 1 3
Interest 15 15 14 14 14 13 14 16 14 11 12 13 13
Depreciation 7 6 7 6 5 4 4 4 4 4 4 6 6
Profit before tax 3 5 -35 -46 4 4 -24 9 40 23 18 -7 -4
Tax % 34% 14% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2 4 -35 -46 4 4 -24 9 40 23 18 -7 -4
EPS in Rs 1.24 2.39 -19.06 -24.69 2.21 2.41 -13.02 5.02 21.86 12.41 9.61 -3.94 -2.36
Dividend Payout % 60% 42% 0% 0% 0% 0% 0% 0% 0% 0% 10% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 7%
3 Years: 3%
TTM: 8%
Compounded Profit Growth
10 Years: -28%
5 Years: 15%
3 Years: -84%
TTM: 16%
Stock Price CAGR
10 Years: 19%
5 Years: 41%
3 Years: 26%
1 Year: 73%
Return on Equity
10 Years: -1%
5 Years: 15%
3 Years: 9%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 301 303 268 223 84 85 60 61 97 120 138 125 121
113 110 113 112 95 96 121 114 99 89 95 98 96
98 110 114 148 163 181 173 210 192 193 194 221 243
Total Liabilities 530 541 513 501 361 381 373 403 407 420 445 463 479
428 429 428 424 277 277 280 285 285 286 291 298 298
CWIP 5 2 2 1 8 11 10 13 22 36 58 72 80
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
97 109 83 76 76 92 83 106 100 98 97 93 101
Total Assets 530 541 513 501 361 381 373 403 407 420 445 463 479

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
20 26 10 14 21 20 -7 33 41 38 31 33
-12 -5 -4 4 4 -7 -6 -9 -11 -14 -27 -22
-6 -20 -14 -15 -31 -12 11 -23 -32 -21 -6 -11
Net Cash Flow 2 1 -8 3 -6 1 -1 1 -1 2 -2 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 9 15 14 9 8 14 10 8 13 11 9 14
Inventory Days 85 90 88 103 78 89 94 157 94 80 97 89
Days Payable 68 62 73 130 101 121 108 186 117 118 118 160
Cash Conversion Cycle 27 42 29 -18 -15 -18 -4 -22 -10 -27 -12 -57
Working Capital Days -21 6 -21 -70 -58 -55 -79 -72 -44 -46 -45 -64
ROCE % 4% 5% -5% -9% 5% 8% -5% 13% 27% 14% 12% 5%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.12% 54.12% 54.12% 54.12% 54.12% 54.12% 54.12% 54.12% 54.12% 54.12% 54.12% 54.12%
0.47% 0.41% 0.14% 0.29% 0.11% 0.11% 0.11% 0.09% 0.10% 0.11% 0.01% 0.10%
0.05% 0.05% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
45.36% 45.42% 45.70% 45.55% 45.72% 45.73% 45.73% 45.75% 45.72% 45.72% 45.83% 45.73%
No. of Shareholders 27,57930,32931,35830,37929,29328,77728,56427,59227,52825,92025,28624,159

* 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.

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