Harrisons Malayalam Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 27, 2025, 12:00 am

Market Cap	395 Cr.
Current Price	215
High / Low	342/166
Stock P/E	26.5
Book Value	83.3
Dividend Yield	0.00 %
ROCE	11.2 %
ROE	9.99 %
Face Value	10.0
PEG Ratio	-1.46

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Harrisons Malayalam Ltd

Competitors of Harrisons Malayalam Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Indag Rubber Ltd	367 Cr.	140	308/115	77.8	86.7	2.14 %	2.89 %	2.08 %	2.00
Eastern Treads Ltd	17.3 Cr.	33.0	51.4/30.0		24.4	0.00 %	6.31 %	%	10.0
Dolfin Rubbers Ltd	205 Cr.	205	290/186	40.1	33.3	0.00 %	17.2 %	16.6 %	10.0
Vikas Ecotech Ltd	444 Cr.	2.51	4.50/2.12	80.6	2.21	0.00 %	2.69 %	1.44 %	1.00
Modi Rubber Ltd	297 Cr.	118	164/87.2	14.5	275	0.00 %	3.43 %	3.04 %	10.0
Industry Average	686.88 Cr	429.19		46.36	111.86	0.48%	8.30%	8.93%	6.22

All Competitor Stocks of Harrisons Malayalam Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	129.04	108.61	128.17	132.06	117.92	95.85	121.73	129.55	140.98	97.66	137.30	142.25	136.71
Expenses	120.88	101.18	120.24	122.65	115.44	96.15	120.70	120.75	140.07	101.92	129.95	128.42	130.14
Operating Profit	8.16	7.43	7.93	9.41	2.48	-0.30	1.03	8.80	0.91	-4.26	7.35	13.83	6.57
OPM %	6.32%	6.84%	6.19%	7.13%	2.10%	-0.31%	0.85%	6.79%	0.65%	-4.36%	5.35%	9.72%	4.81%
Other Income	3.89	1.27	1.77	1.55	2.52	2.22	1.52	2.63	-5.20	3.44	1.71	2.65	4.02
Interest	2.69	2.96	3.00	3.15	3.12	3.02	3.41	3.36	3.35	3.24	3.32	3.58	2.95
Depreciation	1.28	0.91	0.94	1.08	1.43	1.17	1.29	1.39	1.92	1.56	1.63	1.70	2.46
Profit before tax	8.08	4.83	5.76	6.73	0.45	-2.27	-2.15	6.68	-9.56	-5.62	4.11	11.20	5.18
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	8.08	4.83	5.76	6.73	0.44	-2.28	-2.15	6.68	-9.56	-5.61	4.11	11.20	5.19
EPS in Rs	4.37	2.61	3.11	3.64	0.24	-1.23	-1.16	3.61	-5.17	-3.03	2.22	6.05	2.81

Last Updated: May 31, 2025, 9:03 am

Below is a detailed analysis of the quarterly data for Harrisons Malayalam Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 136.71 Cr.. The value appears to be declining and may need further review. It has decreased from 142.25 Cr. (Dec 2024) to 136.71 Cr., marking a decrease of 5.54 Cr..
For Expenses, as of Mar 2025, the value is 130.14 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 128.42 Cr. (Dec 2024) to 130.14 Cr., marking an increase of 1.72 Cr..
For Operating Profit, as of Mar 2025, the value is 6.57 Cr.. The value appears to be declining and may need further review. It has decreased from 13.83 Cr. (Dec 2024) to 6.57 Cr., marking a decrease of 7.26 Cr..
For OPM %, as of Mar 2025, the value is 4.81%. The value appears to be declining and may need further review. It has decreased from 9.72% (Dec 2024) to 4.81%, marking a decrease of 4.91%.
For Other Income, as of Mar 2025, the value is 4.02 Cr.. The value appears strong and on an upward trend. It has increased from 2.65 Cr. (Dec 2024) to 4.02 Cr., marking an increase of 1.37 Cr..
For Interest, as of Mar 2025, the value is 2.95 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3.58 Cr. (Dec 2024) to 2.95 Cr., marking a decrease of 0.63 Cr..
For Depreciation, as of Mar 2025, the value is 2.46 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1.70 Cr. (Dec 2024) to 2.46 Cr., marking an increase of 0.76 Cr..
For Profit before tax, as of Mar 2025, the value is 5.18 Cr.. The value appears to be declining and may need further review. It has decreased from 11.20 Cr. (Dec 2024) to 5.18 Cr., marking a decrease of 6.02 Cr..
For Tax %, as of Mar 2025, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 0.00%.
For Net Profit, as of Mar 2025, the value is 5.19 Cr.. The value appears to be declining and may need further review. It has decreased from 11.20 Cr. (Dec 2024) to 5.19 Cr., marking a decrease of 6.01 Cr..
For EPS in Rs, as of Mar 2025, the value is 2.81. The value appears to be declining and may need further review. It has decreased from 6.05 (Dec 2024) to 2.81, marking a decrease of 3.24.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 5:21 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	382	325	284	365	382	352	385	449	470	485	486	514
Expenses	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%
Other Income	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%
Net Profit	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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-975.00%	-31.43%	108.70%	0.00%	-700.00%	137.50%	344.44%	-42.50%	-21.74%	-138.89%	314.29%
Change in YoY Net Profit Growth (%)	0.00%	943.57%	140.12%	-108.70%	-700.00%	837.50%	206.94%	-386.94%	20.76%	-117.15%	453.17%

Harrisons Malayalam Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

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:	15%
5 Years:	24%
3 Years:	15%
1 Year:	-3%

Return on Equity
10 Years:	2%
5 Years:	14%
3 Years:	7%
Last Year:	10%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 12:02 pm

Month	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
Borrowings	110	113	112	95	96	121	114	99	89	95	98	103
Other Liabilities	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
Fixed Assets	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
Other Assets	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

Below is a detailed analysis of the balance sheet data for Harrisons Malayalam Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 18.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 18.00 Cr..
For Reserves, as of Mar 2025, the value is 136.00 Cr.. The value appears strong and on an upward trend. It has increased from 125.00 Cr. (Mar 2024) to 136.00 Cr., marking an increase of 11.00 Cr..
For Borrowings, as of Mar 2025, the value is 103.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 98.00 Cr. (Mar 2024) to 103.00 Cr., marking an increase of 5.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 215.00 Cr.. The value appears to be improving (decreasing). It has decreased from 221.00 Cr. (Mar 2024) to 215.00 Cr., marking a decrease of 6.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 472.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 463.00 Cr. (Mar 2024) to 472.00 Cr., marking an increase of 9.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 296.00 Cr.. The value appears to be declining and may need further review. It has decreased from 298.00 Cr. (Mar 2024) to 296.00 Cr., marking a decrease of 2.00 Cr..
For CWIP, as of Mar 2025, the value is 88.00 Cr.. The value appears strong and on an upward trend. It has increased from 72.00 Cr. (Mar 2024) to 88.00 Cr., marking an increase of 16.00 Cr..
For Investments, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Mar 2025, the value is 88.00 Cr.. The value appears to be declining and may need further review. It has decreased from 93.00 Cr. (Mar 2024) to 88.00 Cr., marking a decrease of 5.00 Cr..
For Total Assets, as of Mar 2025, the value is 472.00 Cr.. The value appears strong and on an upward trend. It has increased from 463.00 Cr. (Mar 2024) to 472.00 Cr., marking an increase of 9.00 Cr..

Notably, the Reserves (136.00 Cr.) exceed the Borrowings (103.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	26	10	13	21	20	-7	33	41	38	31	33	23
Cash from Investing Activity +	-5	-4	4	4	-7	-6	-9	-11	-14	-27	-22	-16
Cash from Financing Activity +	-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

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-86.00	-130.00	-148.00	-82.00	-83.00	-133.00	-90.00	-44.00	-58.00	-68.00	-88.00	-80.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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	14	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	26	42	29	-18	-15	-18	-4	-22	-10	-27	-12	-57
Working Capital Days	-20	5	-21	-70	-58	-55	-79	-72	-44	-46	-45	-64
ROCE %	4%	5%	-5%	-9%	5%	8%	-5%	13%	27%	14%	12%	5%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	54.12%	54.12%	54.12%	54.12%	54.12%	54.12%	54.12%	54.12%	54.12%	54.12%	54.12%	54.12%
FIIs	0.20%	0.47%	0.41%	0.14%	0.29%	0.11%	0.11%	0.11%	0.09%	0.10%	0.11%	0.01%
DIIs	0.05%	0.05%	0.05%	0.04%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
Public	45.63%	45.36%	45.42%	45.70%	45.55%	45.72%	45.73%	45.73%	45.75%	45.72%	45.72%	45.83%
No. of Shareholders	28,177	27,579	30,329	31,358	30,379	29,293	28,777	28,564	27,592	27,528	25,920	25,286

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-3.96	9.63	12.51	21.90	5.02
Diluted EPS (Rs.)	-3.96	9.63	12.51	21.90	5.02
Cash EPS (Rs.)	-0.83	11.99	14.80	24.13	7.35
Book Value[Excl.RevalReserv]/Share (Rs.)	77.97	84.62	74.77	62.32	42.75
Book Value[Incl.RevalReserv]/Share (Rs.)	77.97	84.62	74.77	62.32	42.75
Revenue From Operations / Share (Rs.)	264.50	263.77	255.51	244.45	209.87
PBDIT / Share (Rs.)	10.40	18.62	20.86	31.50	15.97
PBIT / Share (Rs.)	7.27	16.26	18.57	29.27	13.64
PBT / Share (Rs.)	-3.96	9.63	12.51	21.90	5.02
Net Profit / Share (Rs.)	-3.96	9.63	12.51	21.90	5.02
NP After MI And SOA / Share (Rs.)	-3.96	9.63	12.51	21.90	5.02
PBDIT Margin (%)	3.93	7.05	8.16	12.88	7.60
PBIT Margin (%)	2.74	6.16	7.26	11.97	6.49
PBT Margin (%)	-1.49	3.64	4.89	8.96	2.39
Net Profit Margin (%)	-1.49	3.64	4.89	8.96	2.39
NP After MI And SOA Margin (%)	-1.49	3.64	4.89	8.96	2.39
Return on Networth / Equity (%)	-5.07	11.37	16.73	35.15	11.74
Return on Capital Employeed (%)	5.71	11.69	14.80	25.48	13.41
Return On Assets (%)	-1.57	3.99	5.50	9.93	2.29
Long Term Debt / Equity (X)	0.27	0.29	0.33	0.38	0.73
Total Debt / Equity (X)	0.65	0.59	0.62	0.69	1.33
Asset Turnover Ratio (%)	1.08	1.13	1.14	1.11	0.99
Current Ratio (X)	0.38	0.44	0.49	0.46	0.44
Quick Ratio (X)	0.22	0.24	0.30	0.29	0.26
Inventory Turnover Ratio (X)	2.79	2.99	3.37	2.78	2.37
Interest Coverage Ratio (X)	1.46	2.81	3.44	4.28	1.85
Interest Coverage Ratio (Post Tax) (X)	1.02	2.45	3.07	3.97	1.58
Enterprise Value (Cr.)	396.83	288.68	325.51	334.29	199.31
EV / Net Operating Revenue (X)	0.81	0.59	0.69	0.74	0.51
EV / EBITDA (X)	20.68	8.40	8.46	5.75	6.76
MarketCap / Net Operating Revenue (X)	0.62	0.40	0.51	0.56	0.25
Price / BV (X)	2.12	1.27	1.77	2.23	1.24
Price / Net Operating Revenue (X)	0.62	0.40	0.51	0.56	0.25
EarningsYield	-0.02	0.08	0.09	0.15	0.09

After reviewing the key financial ratios for Harrisons Malayalam Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is -3.96. This value is below the healthy minimum of 5. It has decreased from 9.63 (Mar 23) to -3.96, marking a decrease of 13.59.
For Diluted EPS (Rs.), as of Mar 24, the value is -3.96. This value is below the healthy minimum of 5. It has decreased from 9.63 (Mar 23) to -3.96, marking a decrease of 13.59.
For Cash EPS (Rs.), as of Mar 24, the value is -0.83. This value is below the healthy minimum of 3. It has decreased from 11.99 (Mar 23) to -0.83, marking a decrease of 12.82.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 77.97. It has decreased from 84.62 (Mar 23) to 77.97, marking a decrease of 6.65.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 77.97. It has decreased from 84.62 (Mar 23) to 77.97, marking a decrease of 6.65.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 264.50. It has increased from 263.77 (Mar 23) to 264.50, marking an increase of 0.73.
For PBDIT / Share (Rs.), as of Mar 24, the value is 10.40. This value is within the healthy range. It has decreased from 18.62 (Mar 23) to 10.40, marking a decrease of 8.22.
For PBIT / Share (Rs.), as of Mar 24, the value is 7.27. This value is within the healthy range. It has decreased from 16.26 (Mar 23) to 7.27, marking a decrease of 8.99.
For PBT / Share (Rs.), as of Mar 24, the value is -3.96. This value is below the healthy minimum of 0. It has decreased from 9.63 (Mar 23) to -3.96, marking a decrease of 13.59.
For Net Profit / Share (Rs.), as of Mar 24, the value is -3.96. This value is below the healthy minimum of 2. It has decreased from 9.63 (Mar 23) to -3.96, marking a decrease of 13.59.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is -3.96. This value is below the healthy minimum of 2. It has decreased from 9.63 (Mar 23) to -3.96, marking a decrease of 13.59.
For PBDIT Margin (%), as of Mar 24, the value is 3.93. This value is below the healthy minimum of 10. It has decreased from 7.05 (Mar 23) to 3.93, marking a decrease of 3.12.
For PBIT Margin (%), as of Mar 24, the value is 2.74. This value is below the healthy minimum of 10. It has decreased from 6.16 (Mar 23) to 2.74, marking a decrease of 3.42.
For PBT Margin (%), as of Mar 24, the value is -1.49. This value is below the healthy minimum of 10. It has decreased from 3.64 (Mar 23) to -1.49, marking a decrease of 5.13.
For Net Profit Margin (%), as of Mar 24, the value is -1.49. This value is below the healthy minimum of 5. It has decreased from 3.64 (Mar 23) to -1.49, marking a decrease of 5.13.
For NP After MI And SOA Margin (%), as of Mar 24, the value is -1.49. This value is below the healthy minimum of 8. It has decreased from 3.64 (Mar 23) to -1.49, marking a decrease of 5.13.
For Return on Networth / Equity (%), as of Mar 24, the value is -5.07. This value is below the healthy minimum of 15. It has decreased from 11.37 (Mar 23) to -5.07, marking a decrease of 16.44.
For Return on Capital Employeed (%), as of Mar 24, the value is 5.71. This value is below the healthy minimum of 10. It has decreased from 11.69 (Mar 23) to 5.71, marking a decrease of 5.98.
For Return On Assets (%), as of Mar 24, the value is -1.57. This value is below the healthy minimum of 5. It has decreased from 3.99 (Mar 23) to -1.57, marking a decrease of 5.56.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.27. This value is within the healthy range. It has decreased from 0.29 (Mar 23) to 0.27, marking a decrease of 0.02.
For Total Debt / Equity (X), as of Mar 24, the value is 0.65. This value is within the healthy range. It has increased from 0.59 (Mar 23) to 0.65, marking an increase of 0.06.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.08. It has decreased from 1.13 (Mar 23) to 1.08, marking a decrease of 0.05.
For Current Ratio (X), as of Mar 24, the value is 0.38. This value is below the healthy minimum of 1.5. It has decreased from 0.44 (Mar 23) to 0.38, marking a decrease of 0.06.
For Quick Ratio (X), as of Mar 24, the value is 0.22. This value is below the healthy minimum of 1. It has decreased from 0.24 (Mar 23) to 0.22, marking a decrease of 0.02.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.79. This value is below the healthy minimum of 4. It has decreased from 2.99 (Mar 23) to 2.79, marking a decrease of 0.20.
For Interest Coverage Ratio (X), as of Mar 24, the value is 1.46. This value is below the healthy minimum of 3. It has decreased from 2.81 (Mar 23) to 1.46, marking a decrease of 1.35.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.02. This value is below the healthy minimum of 3. It has decreased from 2.45 (Mar 23) to 1.02, marking a decrease of 1.43.
For Enterprise Value (Cr.), as of Mar 24, the value is 396.83. It has increased from 288.68 (Mar 23) to 396.83, marking an increase of 108.15.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.81. This value is below the healthy minimum of 1. It has increased from 0.59 (Mar 23) to 0.81, marking an increase of 0.22.
For EV / EBITDA (X), as of Mar 24, the value is 20.68. This value exceeds the healthy maximum of 15. It has increased from 8.40 (Mar 23) to 20.68, marking an increase of 12.28.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.62. This value is below the healthy minimum of 1. It has increased from 0.40 (Mar 23) to 0.62, marking an increase of 0.22.
For Price / BV (X), as of Mar 24, the value is 2.12. This value is within the healthy range. It has increased from 1.27 (Mar 23) to 2.12, marking an increase of 0.85.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.62. This value is below the healthy minimum of 1. It has increased from 0.40 (Mar 23) to 0.62, marking an increase of 0.22.
For EarningsYield, as of Mar 24, the value is -0.02. This value is below the healthy minimum of 5. It has decreased from 0.08 (Mar 23) to -0.02, marking a decrease of 0.10.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Harrisons Malayalam Ltd as of July 4, 2025 is: 179.95

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of July 4, 2025, Harrisons Malayalam Ltd is Overvalued by 16.30% compared to the current share price 215.00

Intrinsic Value of Harrisons Malayalam Ltd as of July 4, 2025 is: 147.37

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of July 4, 2025, Harrisons Malayalam Ltd is Overvalued by 31.46% compared to the current share price 215.00

Last 5 Year EPS CAGR: -18.10%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -47.42, which is a positive sign. The stock has a low average Cash Conversion Cycle of -7.17, which is a positive sign. The company has higher reserves (141.58 cr) compared to borrowings (103.75 cr), indicating strong financial stability. The company has shown consistent growth in sales (406.58 cr) and profit (0.50 cr) over the years.	The stock has a low average ROCE of 6.17%, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Harrisons Malayalam Ltd:
1. Net Profit Margin: -1.49%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 5.71% (Industry Average ROCE: 8.3%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -5.07% (Industry Average ROE: 8.93%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.02
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.22
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 26.5 (Industry average Stock P/E: 46.36)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.65
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Harrisons Malayalam Ltd. is a Public Limited Listed company incorporated on 05/01/1978 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L01119KL1978PLC002947 and registration number is 002947. Currently Company is involved in the business activities of Growing of potatoes and other tubers such as sweet potatoes, cassava, yams. Company's Total Operating Revenue is Rs. 513.91 Cr. and Equity Capital is Rs. 18.45 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Rubber Processing/Rubber Products	24/1624, Bristow Road, Cochin Kerala 682003	hmlcorp@harrisonsmalayalam.com http://www.harrisonsmalayalam.com

Management
Name	Position Held
Mr. Santosh Kumar	Whole Time Director
Mr. Cherian M George	Whole Time Director
Mr. Kaushik Roy	Director
Mr. C Vinayaraghavan	Director
Mr. Noshir Naval Framjee	Director
Mr. P Rajagopalan	Director
Mr. Rajat Bhargava	Director
Ms. Rusha Mitra	Director

FAQ

What is the intrinsic value of Harrisons Malayalam Ltd?

Harrisons Malayalam Ltd's intrinsic value (as of 30 June 2025) is 179.95 — 16.30% lower the current market price of 215.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 395 Cr. market cap, FY2025-2026 high/low of 342/166, reserves of 136 Cr, and liabilities of 472 Cr.

What is the Market Cap of Harrisons Malayalam Ltd?

The Market Cap of Harrisons Malayalam Ltd is 395 Cr..

What is the current Stock Price of Harrisons Malayalam Ltd as on 30 June 2025?

The current stock price of Harrisons Malayalam Ltd as on 30 June 2025 is 215.

What is the High / Low of Harrisons Malayalam Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Harrisons Malayalam Ltd stocks is ₹342/166.

What is the Stock P/E of Harrisons Malayalam Ltd?

The Stock P/E of Harrisons Malayalam Ltd is 26.5.

What is the Book Value of Harrisons Malayalam Ltd?

The Book Value of Harrisons Malayalam Ltd is 83.3.

What is the Dividend Yield of Harrisons Malayalam Ltd?

The Dividend Yield of Harrisons Malayalam Ltd is 0.00 %.

What is the ROCE of Harrisons Malayalam Ltd?

The ROCE of Harrisons Malayalam Ltd is 11.2 %.

What is the ROE of Harrisons Malayalam Ltd?

The ROE of Harrisons Malayalam Ltd is 9.99 %.

What is the Face Value of Harrisons Malayalam Ltd?

The Face Value of Harrisons Malayalam Ltd is 10.0.