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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Harrisons Malayalam Ltd

About the Company - Harrisons Malayalam Ltd

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. 471.53 Cr. and Equity Capital is Rs. 18.45 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plantations - Rubber/Others24/1624, Bristow Road, Cochin Kerala 682003hmlcorp@harrisonsmalayalam.com
http://www.harrisonsmalayalam.com
Management
NamePosition Held
Mr. Venkitraman AnandWhole Time Director
Mr. Cherian M GeorgeWhole Time Director
Mr. P RajagopalanDirector
Ms. Rusha MitraDirector
Mr. Rajat BhargavaDirector
Mr. Kaushik RoyDirector
Mr. Noshir Naval FramjeeDirector
Mr. C VinayaraghavanDirector

Harrisons Malayalam Ltd. Share Price Update

Share PriceValue
Today₹172.00
Previous Day₹170.70

Basic Stock Data of Harrisons Malayalam Ltd

Market Cap 345 Cr.
Current Price 187
High / Low216/103
Stock P/E128
Book Value 80.6
Dividend Yield0.00 %
ROCE12.4 %
ROE11.9 %
Face Value 10.0

Data Source: screener.in

Harrisons Malayalam Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales133.09148.8194.72129.06118.70129.04108.61128.17132.06117.9295.85121.73129.55
Expenses107.11128.5390.04122.32106.91120.88101.18120.24122.65115.4496.15120.70120.75
Operating Profit25.9820.284.686.7411.798.167.437.939.412.48-0.301.038.80
OPM %19.52%13.63%4.94%5.22%9.93%6.32%6.84%6.19%7.13%2.10%-0.31%0.85%6.79%
Other Income0.780.830.981.071.183.891.271.771.552.522.221.522.63
Interest3.372.722.892.962.642.692.963.003.153.123.023.413.36
Depreciation1.011.100.910.951.081.280.910.941.081.431.171.291.39
Profit before tax22.3817.291.863.909.258.084.835.766.730.45-2.27-2.156.68
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 Profit22.3917.291.863.919.258.084.835.766.730.44-2.28-2.156.68
EPS in Rs12.109.351.012.115.004.372.613.113.640.24-1.23-1.163.61

Harrisons Malayalam Ltd Quarterly Chart

Harrisons Malayalam Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales365346382325284365382352385449470485468
Expenses335323359342320352369364362394438457455
Operating Profit302224-17-361313-122455312713
OPM %8%6%6%-5%-13%4%3%-3%6%12%7%6%3%
Other Income423410109663778
Interest17151514141413141614111213
Depreciation6767654444445
Profit before tax1035-35-4644-2494023183
Tax %55%34%14%-0%-0%-0%-0%-0%-0%-0%-0%-0%
Net Profit524-35-4644-2494023183
EPS in Rs2.551.242.38-19.06-24.692.212.41-13.025.0121.8512.489.611.49
Dividend Payout %59%60%42%-0%-0%-0%-0%-0%-0%-0%-0%10%

Harrisons Malayalam Ltd Profit & Loss Yearly Chart

Harrisons Malayalam Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:5%
3 Years:8%
TTM:-7%
Compounded Profit Growth
10 Years:23%
5 Years:35%
3 Years:23%
TTM:-89%
Stock Price CAGR
10 Years:16%
5 Years:24%
3 Years:18%
1 Year:60%
Return on Equity
10 Years:-1%
5 Years:12%
3 Years:21%
Last Year:12%

Harrisons Malayalam Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18181818181818181818181818
Reserves3013013032682238485606097120138131
Borrowings1011131101131129596121114998995104
Other Liabilities9598110114148163181173211192193194234
Total Liabilities515530541513501361381373403407420445487
Fixed Assets426428429428424277277280285285286291291
CWIP15221811101322365868
Investments0000000000000
Other Assets899710983767693831061009897127
Total Assets515530541513501361381373403407420445487

Harrisons Malayalam Ltd Reserves and Borrowings Chart

Harrisons Malayalam Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 42202610132120-733413831
Cash from Investing Activity -8-12-5-444-7-6-9-11-14-27
Cash from Financing Activity -32-6-20-14-15-31-1211-23-32-21-5
Net Cash Flow321-82-61-11-12-2

Harrisons Malayalam Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1391414981410813119
Inventory Days69859088103788994157948097
Days Payable45686273130101121108186117118118
Cash Conversion Cycle37264229-18-15-18-4-22-10-27-12
Working Capital Days-15-205-21-70-58-55-79-72-44-46-45
ROCE %4%5%-5%-9%5%8%-5%13%27%14%12%

Harrisons Malayalam Ltd Financial Efficiency Indicators Chart

Harrisons Malayalam Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%
FIIs0.00%0.00%0.20%0.47%0.41%0.14%0.29%0.11%0.11%0.11%0.09%0.10%
DIIs0.05%0.05%0.05%0.05%0.05%0.04%0.05%0.05%0.05%0.05%0.05%0.05%
Public45.83%45.83%45.63%45.36%45.42%45.70%45.55%45.72%45.73%45.73%45.75%45.72%
No. of Shareholders24,29326,21928,17727,57930,32931,35830,37929,29328,77728,56427,59227,528

Harrisons Malayalam Ltd Shareholding Pattern Chart

No. of Harrisons Malayalam Ltd Shareholders

This stock is not held by any mutual fund

Harrisons Malayalam Ltd ROCE Trend

Harrisons Malayalam Ltd EPS Trend

Harrisons Malayalam Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.6312.5121.905.02-13.06
Diluted EPS (Rs.)9.6312.5121.905.02-13.06
Cash EPS (Rs.)11.9914.8024.137.35-10.80
Book Value[Excl.RevalReserv]/Share (Rs.)84.6274.7762.3242.7542.56
Book Value[Incl.RevalReserv]/Share (Rs.)84.6274.7762.3242.7542.56
Revenue From Operations / Share (Rs.)263.77255.51244.45209.87191.69
PBDIT / Share (Rs.)18.6220.8631.5015.97-3.22
PBIT / Share (Rs.)16.2618.5729.2713.64-5.47
PBT / Share (Rs.)9.6312.5121.905.02-13.06
Net Profit / Share (Rs.)9.6312.5121.905.02-13.06
NP After MI And SOA / Share (Rs.)9.6312.5121.905.02-13.06
PBDIT Margin (%)7.058.1612.887.60-1.68
PBIT Margin (%)6.167.2611.976.49-2.85
PBT Margin (%)3.644.898.962.39-6.81
Net Profit Margin (%)3.644.898.962.39-6.81
NP After MI And SOA Margin (%)3.644.898.962.39-6.81
Return on Networth / Equity (%)11.3716.7335.1511.74-30.67
Return on Capital Employeed (%)11.6914.8025.4813.41-5.40
Return On Assets (%)3.995.509.932.29-6.46
Long Term Debt / Equity (X)0.290.330.380.730.84
Total Debt / Equity (X)0.590.620.691.331.34
Asset Turnover Ratio (%)1.131.141.110.990.93
Current Ratio (X)0.440.490.460.440.42
Quick Ratio (X)0.240.300.290.260.26
Inventory Turnover Ratio (X)2.993.372.782.373.24
Interest Coverage Ratio (X)2.813.444.281.85-0.42
Interest Coverage Ratio (Post Tax) (X)2.453.073.971.58-0.72
Enterprise Value (Cr.)288.68325.51334.29199.31233.03
EV / Net Operating Revenue (X)0.590.690.740.510.65
EV / EBITDA (X)8.408.465.756.76-39.19
MarketCap / Net Operating Revenue (X)0.400.510.560.250.36
Price / BV (X)1.271.772.231.241.66
Price / Net Operating Revenue (X)0.400.510.560.250.36
EarningsYield0.080.090.150.09-0.18

Harrisons Malayalam Ltd Profitability Ratios (%)

Harrisons Malayalam Ltd Liquidity Ratios

Harrisons Malayalam Ltd Liquidity Ratios (%)

Harrisons Malayalam Ltd Interest Coverage Ratios (%)

Harrisons Malayalam Ltd Valuation Ratios

Fair Value of Harrisons Malayalam Ltd Stock

Fair Value: ₹1252.25

The stock is undervalued by 569.65% compared to the current price ₹187

*Investments are subject to market risks

Strength and Weakness of Harrisons Malayalam Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -43.33, which is a positive sign.
  2. The company has higher reserves (167.00 cr) compared to borrowings (104.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (389.08 cr) and profit (1.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 14.45 and average Dividend Yield of 5.81%.
  2. The stock has a low average ROCE of 5.75%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 0.67, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Harrisons Malayalam Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE