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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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
Rubber Processing/Rubber Products24/1624, 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

Basic Stock Data of Harrisons Malayalam Ltd

Last Updated: July 24, 2024, 11:14 pm

Market Cap 427 Cr.
Current Price 231
High / Low259/129
Stock P/E1,524
Book Value 77.8
Dividend Yield0.00 %
ROCE5.44 %
ROE0.19 %
Face Value 10.0
PEG Ratio-70.76

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

Last Updated: July 10, 2024, 5:43 pm

Harrisons Malayalam Ltd Quarterly Chart

Harrisons Malayalam Ltd Profit & Loss

Last Updated: July 10, 2024, 5:43 pm

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:2%
5 Years:7%
3 Years:3%
TTM:1%
Compounded Profit Growth
10 Years:-24%
5 Years:15%
3 Years:-81%
TTM:-98%
Stock Price CAGR
10 Years:14%
5 Years:31%
3 Years:1%
1 Year:67%
Return on Equity
10 Years:-1%
5 Years:15%
3 Years:9%
Last Year:0%

Last Updated: July 25, 2024, 6:20 am

Harrisons Malayalam Ltd Balance Sheet

Last Updated: July 10, 2024, 5:43 pm

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 202610132120-73341383133
Cash from Investing Activity -12-5-444-7-6-9-11-14-27-22
Cash from Financing Activity -6-20-14-15-31-1211-23-32-21-5-11
Net Cash Flow21-82-61-11-12-20

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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%0.20%0.47%0.41%0.14%0.29%0.11%0.11%0.11%0.09%0.10%0.11%
DIIs0.05%0.05%0.05%0.05%0.04%0.05%0.05%0.05%0.05%0.05%0.05%0.05%
Public45.83%45.63%45.36%45.42%45.70%45.55%45.72%45.73%45.73%45.75%45.72%45.72%
No. of Shareholders26,21928,17727,57930,32931,35830,37929,29328,77728,56427,59227,52825,920

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-3.969.6312.5121.905.02
Diluted EPS (Rs.)-3.969.6312.5121.905.02
Cash EPS (Rs.)-0.8311.9914.8024.137.35
Book Value[Excl.RevalReserv]/Share (Rs.)77.9784.6274.7762.3242.75
Book Value[Incl.RevalReserv]/Share (Rs.)77.9784.6274.7762.3242.75
Revenue From Operations / Share (Rs.)264.50263.77255.51244.45209.87
PBDIT / Share (Rs.)10.4018.6220.8631.5015.97
PBIT / Share (Rs.)7.2716.2618.5729.2713.64
PBT / Share (Rs.)-3.969.6312.5121.905.02
Net Profit / Share (Rs.)-3.969.6312.5121.905.02
NP After MI And SOA / Share (Rs.)-3.969.6312.5121.905.02
PBDIT Margin (%)3.937.058.1612.887.60
PBIT Margin (%)2.746.167.2611.976.49
PBT Margin (%)-1.493.644.898.962.39
Net Profit Margin (%)-1.493.644.898.962.39
NP After MI And SOA Margin (%)-1.493.644.898.962.39
Return on Networth / Equity (%)-5.0711.3716.7335.1511.74
Return on Capital Employeed (%)5.7111.6914.8025.4813.41
Return On Assets (%)-1.573.995.509.932.29
Long Term Debt / Equity (X)0.270.290.330.380.73
Total Debt / Equity (X)0.650.590.620.691.33
Asset Turnover Ratio (%)1.081.131.141.110.99
Current Ratio (X)0.380.440.490.460.44
Quick Ratio (X)0.220.240.300.290.26
Inventory Turnover Ratio (X)2.792.993.372.782.37
Interest Coverage Ratio (X)1.462.813.444.281.85
Interest Coverage Ratio (Post Tax) (X)1.022.453.073.971.58
Enterprise Value (Cr.)396.83288.68325.51334.29199.31
EV / Net Operating Revenue (X)0.810.590.690.740.51
EV / EBITDA (X)20.688.408.465.756.76
MarketCap / Net Operating Revenue (X)0.620.400.510.560.25
Price / BV (X)2.121.271.772.231.24
Price / Net Operating Revenue (X)0.620.400.510.560.25
EarningsYield-0.020.080.090.150.09

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

Fair Value: 229.78

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.

Overvalued: 0.53% compared to the current price 231

Intrinsic Value: 180.30

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 21.95% compared to the current price 231

Last 5 Year EPS CAGR: -21.54%

*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 (155.33 cr) compared to borrowings (104.58 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 has a low average ROCE of 5.75%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 0.67, which may not be favorable.

FAQ

What is the latest fair value of Harrisons Malayalam Ltd?

The latest fair value of Harrisons Malayalam Ltd is ₹229.78.

What is the Market Cap of Harrisons Malayalam Ltd?

The Market Cap of Harrisons Malayalam Ltd is 427 Cr..

What is the current Stock Price of Harrisons Malayalam Ltd as on 25 July 2024?

The current stock price of Harrisons Malayalam Ltd as on 25 July 2024 is 231.

What is the High / Low of Harrisons Malayalam Ltd stocks in FY 2024?

In FY 2024, the High / Low of Harrisons Malayalam Ltd stocks is 259/129.

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

The Stock P/E of Harrisons Malayalam Ltd is 1,524.

What is the Book Value of Harrisons Malayalam Ltd?

The Book Value of Harrisons Malayalam Ltd is 77.8.

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 5.44 %.

What is the ROE of Harrisons Malayalam Ltd?

The ROE of Harrisons Malayalam Ltd is 0.19 %.

What is the Face Value of Harrisons Malayalam Ltd?

The Face Value of Harrisons Malayalam Ltd is 10.0.

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