Harrisons Malayalam Ltd Stock Analysis

BSE: 500467 | NSE: HARRMALAYA | Agriculture | Small Cap

BSE Share Price Jul 07, 16:55
141.50 0.90 (0.64%)

DeciZen - Make an Informed Decision on Harrisons Malayalam

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

FAQs

1. Is Harrisons Malayalam Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Harrisons Malayalam Ltd is a average quality company.

2. Is Harrisons Malayalam Ltd undervalued or overvalued?

The key valuation ratios of Harrisons Malayalam Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Harrisons Malayalam Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Harrisons Malayalam Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Harrisons Malayalam:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
Harrisons Malayalam Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 3.7%2.9%3.4%-6.1%-10.2%3.8%6.5%-7.3%10.5%24.8%-
Value Creation Index -0.7-0.8-0.8-1.4-1.7-0.7-0.5-1.5-0.30.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 365347384331285367383354387451472
YoY Gr. Rt. %--4.8%10.6%-13.8%-13.8%28.5%4.6%-7.7%9.5%16.5%-
Adj EPS 2.21.12.3-19.2-26.20.42.2-13.25.221.912.4
YoY Gr. Rt. %--48.2%99.1%-952.4%NANA525.7%-700.5%NA325.6%-
BVPS (₹) 97.297.698.879.75555.556.242.642.862.474.8
Adj Net Profit 42.14.2-35.4-48.30.74.1-24.39.540.523
Cash Flow from Ops. 42.120.225.510.413.521.119.9-733.341.1-
Debt/CF from Ops. 2.45.64.310.98.34.54.8-17.23.42.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.4%9.6%5.6%16.5%
Adj EPS 29.2%NA115.5%325.6%
BVPS -4.82.63.545.7
Share Price 7.1% 11.8% 25.8% -34.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 1.30.71.3-11.6-18.30.43.9-26.612.141.718.1
Op. Profit Mgn % 8.26.46.2-5.2-11.53.53.3-3.46.112.36.6
Net Profit Mgn % 1.10.61.1-10.7-16.90.21.1-6.92.594.9
Debt to Equity 0.60.60.60.81.10.90.91.51.40.80.3
Working Cap Days 21015114724626920921023221919564
Cash Conv. Cycle 1815152213-1050-40

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.10%

Net Profit is growing at healthy rate in last 3 years 115.51%

Debt to equity has declined versus last 3 years average to 0.83

Sales growth is good in last 4 quarters at 11.96%

Sales growth has been subdued in last 3 years 5.58%

Latest Financials - Harrisons Malayalam Ltd.

Standalone Consolidated
TTM EPS (₹) 12.4 12.5
TTM Sales (₹ Cr.) 472 472
BVPS (₹.) 74.8 74.8
Reserves (₹ Cr.) 120 120
P/BV 1.88 1.88
PE 11.31 11.23
From the Market
52 Week Low / High (₹) 127.70 / 250.00
All Time Low / High (₹) 3.80 / 390.00
Market Cap (₹ Cr.) 259
Equity (₹ Cr.) 18.5
Face Value (₹) 10
Industry PE 27.2

Management X-Ray of Harrisons Malayalam :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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News

About Harrisons Malayalam Ltd

Harrisons Malayalam Limited (HML) is the most successful integrated agricultural operation in South India. One of the oldest - with a history that goes back over hundred and fifty years - it has been a pioneer in corporate farming and has, over this period, established and run plantations for Tea, Rubber, Cocoa, Coffee and a wide variety of Spices. Today the company cultivates thousands of hectare and processes produce from other farmlands in its neighborhood.

The company also produces smaller quantities of a variety of other exotic horticultural crops like Areca nut, Banana, Cardamom, Cocoa, Coffee, Coconut, Pepper and Vanilla as well as limited quantities of Organic tea and spices. The product range includes both CTC and Orthodox Tea, Rubber in concentrated rubber latex, crepe, block and sheet rubber forms. Fresh Pineapple is the other large produce.

As a dominant player in tea exports from South India over its entire history, a position that it maintains even today, the company is a source for quality teas for all the big names in the Tea industry in Europe. Being the industry leader in natural rubber production, HML is known for its high quality natural rubber in the local and export markets.

The company is part of RP-SG and RPG Enterprises one of the largest and well-respected industrial groups in India. The Group has interests in tyres, cables, power transmission, telecommunications, pharmaceuticals, specialty chemicals, retail and consumer marketing, hotel and tourism, entertainment and agri-business.

Business area of the company

The company is principally engaged in plantations having tea and rubber estates in Kerala and Tamil Nadu.

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