X

Harrisons Malayalam Ltd. Stock Analysis

Small Cap
Evaluated by 327 users | BSE: 500467 | NSE: HARRMALAYA |
Agriculture
Harrisons Malayalam (HML), incorporated in 1978, is primarily engaged in production of tea. The company also has business interests in areas of rubber, spices and horticulture crops, tissue culture, engineering and services and clearing and shipping.HML is part of RPG Enterprises, which...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 4.55%3.44%3.72%2.88%3.41%-6.11%-10.19%3.76%6.51%-7.26%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 325371365347384331285367383354
Y-o-Y Gr. Rt.-14%-1.6%-4.8%10.6%-13.8%-13.8%28.5%4.6%-7.7%
Adjusted EPS (Rs.) 5.371.972.181.132.25-19.18-26.160.352.19-13.15
Y-o-Y Gr. Rt.--63.3%10.7%-48.2%99.1%-952.4%NANA525.7%-700.5%
Book Value per Share (Rs.) 96.0296.4197.2297.5998.8179.754.9555.5256.2442.62
Adjusted Net Profit 9.93.642.14.2-35.4-48.30.74.1-24.3
Net Op. Cash Flow (Rs. Cr.) 12.522.242.120.225.510.413.521.119.9-7
Debt to Cash Flow from Ops 8.345.12.415.584.310.868.314.514.8-17.2
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Harrisons Malayalam Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 0.9%-1.6%7.4%-7.7%
Adjusted EPS -210.5%-242.4%NA-700.5%
Book Value per Share -8.6-15.5-8.1-24.2
Share Price 3.8% 15.2% 7.4% 64%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 3.171.151.270.651.29-11.63-18.30.383.92-26.61
Operating Profit Margin (%) 6.25.988.26.436.16-5.16-11.493.533.28-3.42
Net Profit Margin (%) 3.050.981.10.61.08-10.69-16.910.181.06-6.86
Debt to Equity 0.590.640.560.630.60.771.110.930.921.54
Working Capital Days 230137210151147246269209210232
Cash Conversion Cycle 1131815152213-105
Entity Percentage Holding
Promoters 54.04%
Institutions 0.84%
Non-Institutions 45.12%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Harrisons Malayalam's performance infers:

Harrisons Malayalam earnings have declined by -242.4%, whereas share price has appreciated 15.2% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Harrisons Malayalam share prices over the last 10 years. Here is what we found out:

Harrisons Malayalam share price has appreciated -0.1% annually over the past ten years.

Harrisons Malayalam (HML), incorporated in 1978, is primarily engaged in production of tea. The company also has business interests in areas of rubber, spices and horticulture crops, tissue culture, engineering and services and clearing and shipping.

HML is part of RPG Enterprises, which has business interest in tyres, cables, power transmission, telecommunications, pharmaceuticals, specialty chemicals, retail and consumer marketing, hotel and tourism, entertainment and agri-business.

Harrisons Malayalam (HML), incorporated in 1978, is primarily engaged in production of tea. The company also has business interests in areas of rubber, spices and horticulture crops, tissue culture, engineering and services and clearing and shipping.

HML is part of RPG Enterprises, which has business interest in tyres, cables, power transmission, telecommunications, pharmaceuticals, specialty chemicals, retail and consumer marketing, hotel and tourism, entertainment and agri-business.

Currently the company owns 20 estates, 8 rubber factories and 12 tea factories across Kerala, Karnataka and Tamil Nadu. HML has successfully created brands like Harrison's Gold, Mountain Mist, Surya and Spencer's. These brands command significant market share in Kerala, Tamil Nadu and Karnataka. 

Under horticulture crops, it produces areca nut, banana, cardamom, cocoa, coffee, coconut, pepper and vanilla as well as limited quantities of organic tea and spices.

The company has employee strength of 15000 people.

Business Areas

Tea- The company produces about 20 million kg per annum of tea. HML owns 10 tea estates with a planted area of about 6000 hectare (ha) and 12 tea factories. it is largest tea producer in South India and also exports tea to New Zealand, US and Canada.

Rubber- The company produces 8.5 million kilograms of rubber. It owns 6000 ha of total planted area spread across 10 estates.

Engineering Services- The company undertakes various turnkey projects such as factory complex for tea processing, factory complex for rubber processing, industrial buildings including structural steelwork, multi-storied buildings, RCC machinery foundations, pipelines, floating pontoons, lighting towers, waste heat recovery systems and many more.

Tissue Culture- Harrisons Malayalam is engaged in tissue culture and owns an laboratory at Hosur in Tamil Nadu. The company has capacity is of the order of 4 milllion plants per annum.

Clearing and Shipping- The company owns 12,000 sq ft of godown space located close to the Cochin Port and with six stuffing points.

Outlook

In order to increase productivity, the company is modernising its factories and implemented replanting and infilling programme.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback