The 5-year analysis of Harrisons Malayalam Ltd's performance infers:
We analysed the performance of Harrisons Malayalam Ltd share prices over the last 10 years. Here is what we found out:
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.
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.
In order to increase productivity, the company is modernising its factories and implemented replanting and infilling programme.