MarketFriction

Harrisons Malayalam Ltd

NSE HARRMALAYA · BSE 500467 · Rubber
₹179.67 +0.30%
NSE close2026-10-01
52 week range153.66 - 237.90
Market cap₹324 Cr.
P/E12.0
Price band 20% Delivery 75.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales121.73129.55140.9897.66137.30142.25136.71116.46134.40141.09147.13124.92
Expenses120.70120.75140.07101.92129.95128.42130.14108.25135.08132.32138.54119.23
Operating Profit1.038.800.91-4.267.3513.836.578.21-0.688.778.595.69
OPM %0.85%6.79%0.65%-4.36%5.35%9.72%4.81%7.05%-0.51%6.22%5.84%4.55%
Other Income1.522.63-5.203.441.712.654.022.7911.753.715.593.18
Interest3.413.363.353.243.323.582.953.462.973.033.183.32
Depreciation1.291.391.921.561.631.702.461.581.681.811.891.61
Profit before tax-2.156.68-9.56-5.624.1111.205.185.966.427.649.113.94
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%
Net Profit-2.156.68-9.56-5.614.1111.205.195.966.427.649.113.93
EPS in Rs-1.163.61-5.17-3.032.226.052.813.223.474.134.922.12
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales284365382352385449470485486512537548
Expenses320352369364362394438457476488512525
Operating Profit-361313-122455312710232522
OPM %-13%3.5%3.3%-3.4%6%12%7%6%2.1%4.6%4.6%4.1%
Other Income10109663771122424
Interest141413141614111213131312
Depreciation654444446777
Profit before tax-4644-249402318-7152927
Tax %0%0%0%0%0%0%0%0%0%0%0%
Net Profit-4644-249402318-7152927
EPS in Rs-24.692.212.41-13.025.0121.8512.489.61-3.958.0515.7514.64
Dividend Payout %0%0%0%0%0%0%0%10%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%4%3%3%
Compounded Profit Growth9%-14%4%2%
Stock Price CAGR9%-1%3%-12%
Return on Equity8%10%7%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181818181818181818
Reserves2682238485606097120138125136160
Borrowings113112959612111499899598103111
Other Liabilities114148163181173211192193194221215212
Total Liabilities513501361381373403407420445463472502
Fixed Assets428424277277280285285286291298296296
CWIP2181110132236587288105
Investments000000000000
Other Assets837676938310610098979388102
Total Assets513501361381373403407420445463472502
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity10132120-733413831332325
Cash from Investing Activity-444-7-6-9-11-14-27-22-16-18
Cash from Financing Activity-14-15-31-1211-23-32-21-5-11-8-4
Net Cash Flow-82-61-11-12-20-13
Free Cash Flow6172018-1132393618262017
CFO/OP-61%-38%167%159%57%142%75%123%119%326%101%105%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1498141081311914910
Inventory Days88103788994157948097897585
Days Payable73130101121108186117118118160123114
Cash Conversion Cycle29-18-15-18-4-22-10-27-12-57-38-19
Working Capital Days-70-137-109-105-119-116-86-77-80-106-95-82
ROCE %-5%-9%5%8%-5%13%27%14%12%5%11%12%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%54.12%
FIIs0.09%0.10%0.11%0.01%0.10%0.14%0.16%0.00%0.00%0.00%0.00%0.01%
DIIs0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.05%0.08%
Public45.75%45.72%45.72%45.83%45.73%45.70%45.67%45.83%45.83%45.82%45.83%45.81%
No. of Shareholders27,59227,52825,92025,28624,15922,74722,79822,84922,51722,36921,93021,529

Fundamentals

Market Cap₹ 324 Cr.
Current Price₹ 176
Stock P/E12.0
Book Value₹ 96.6
ROCE11.8 %
ROE11.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)2%
Consolidated figures.
Valuation
Market capRs 332 Cr
Enterprise valueRs 438 Cr
P/E (TTM)12.24x
Price to book1.86x
Price to sales0.61x
EV / EBITDA9.41x
EV / EBIT11.07x
EV / sales0.80x
Price to cash flow13.07x
Earnings yield8.17%
P/E, 3-year average18.12x
P/B, 3-year average2.11x
P/E, 5-year average14.49x
P/B, 5-year average1.88x
Profitability
Operating margin (excl. other income)4.64%
Operating margin (incl. other income)9.08%
EBITDA margin8.51%
Pre-tax margin4.95%
Net profit margin4.95%
Net margin, latest quarter3.15%
ROE17.51%
ROCE15.28%
ROA5.98%
ROE, 3-year average7.55%
ROCE, 3-year average9.62%
ROA, 3-year average2.52%
ROE, 5-year average10.59%
ROCE, 5-year average11.39%
ROA, 5-year average3.45%
ROIC (approx.)13.88%
Other income / net worth13.35%
Growth
Sales growth (latest year)4.83%
Profit growth (latest year)95.63%
Sales CAGR, 3 years3.45%
Sales CAGR, 5 years3.63%
Profit CAGR, 3 years17.91%
Profit CAGR, 5 years-6.34%
Sales growth QoQ-15.10%
Profit growth QoQ-56.86%
Sales growth YoY (latest quarter)7.26%
Profit growth YoY (latest quarter)-34.06%
Per share
EPS (TTM)Rs 14.68
EPS (latest year)Rs 15.78
EPS (latest quarter)Rs 2.13
EPS, 3-year averageRs 6.63
EPS, 5-year averageRs 8.41
Book value per shareRs 96.78
Sales per shareRs 296.68
Cash flow per shareRs 13.75
Free cash flow per shareRs 9.21
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 5-year average10.35%
Efficiency
Asset turnover1.07x
Fixed asset turnover1.81x
Inventory turnover6.45x
Inventory days57 days
Debtor days10 days
Debtors turnover35.40x
Creditor days114 days
Cash conversion cycle-19 days
Working capital days-82 days
Leverage
Total debtRs 111 Cr
Cash and bankRs 4 Cr
Net debtRs 107 Cr
Debt to equity0.62x
Net debt / EBITDA2.29x
Interest coverage3.17x
Current ratio (filing 2026-03-31)0.45x
Quick ratio (filing 2026-03-31)0.24x
Trade payables (filing 2026-03-31)Rs 61 Cr
Owners' fund to total sources35.59%
Debt to assets22.12%
Cash flow
Cash from Operating Activity (latest year)Rs 25 Cr
Cash from Investing Activity (latest year)Rs -18 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 17 Cr
FCFE (approx.: FCF + change in debt)Rs 25 Cr
Cash from ops / profit, 5 years1.92x
Sales to cash flow21.15x
Statement figures
Net sales (TTM)Rs 548 Cr
Net sales (latest year)Rs 537 Cr
Sales (latest quarter)Rs 125 Cr
Operating profit excl. other income (latest year)Rs 25 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 24 Cr
EBITDA (TTM)Rs 47 Cr
PBDT (TTM)Rs 34 Cr
Profit before tax (TTM)Rs 27 Cr
Net profit (TTM)Rs 27 Cr
Net profit (latest year)Rs 29 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 295 Cr
Total expenditure (latest year)Rs 512 Cr
Total income (latest year)Rs 560 Cr
Share capitalRs 18 Cr
ReservesRs 160 Cr
Shareholders' fundsRs 179 Cr
Total assetsRs 502 Cr
Net blockRs 296 Cr
Capital work in progressRs 105 Cr
InvestmentsRs 0 Cr
ReceivablesRs 15 Cr
InventoryRs 46 Cr
Other liabilitiesRs 212 Cr
Shares outstanding (crore)1.85
Ownership
Promoter holding54.12% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 12.2 is at the 29th percentile of its own 7.5-year range (median 16.4, low 6.0, high 53.7).
P/B 1.86 is at the 42th percentile (median 2.01).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHARRMALAYANifty 50Difference
1 week+2.7%-2.8% +5.5 pts
1 month-6.9%-6.8% -0.1 pts
3 months-11.5%-7.6% -3.9 pts
6 months+4.3%+0.4% +3.9 pts
1 year-12.8%-9.9% -2.9 pts
2 years-22.2%-13.6% -8.6 pts
3 years+11.4%+14.2% -2.8 pts
5 years-5.1%+27.9% -33.0 pts

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 82% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹125 Cr +7.3% vs Jun 2025. Net profit ₹4 Cr -34.1%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-17Annual General Meeting
2023-09-20Annual General Meeting
2022-09-20Annual General Meeting
2021-09-21 Annual General Meeting
2020-09-16 Annual General Meeting
2019-08-29 Annual General Meeting
2018-09-18 Annual General Meeting
2017-07-26 Annual General Meeting
2016-09-22 Annual General Meeting
2015-09-18 Annual General Meeting
2014-08-21Annual General Meeting / Dividend - Re 1/- Per Share
2013-09-12Annual General Meeting / Dividend - Re 0.75/- Per Share
2012-09-13Annual General Meeting/Dividend Rs 1.50 Per Share
2011-08-30Annual General Meeting And Dividend Rs.1.50 Per Share
2010-09-29Dividend-Rs.2/- Per Share
2010-08-31Scheme Of Arrangement
2009-09-15Agm/Div-Rs.1.50 Per Share
2008-09-02Agm/Dividend - 15%
2007-09-14Agm/Dividend-15%
2006-09-14Agm/Dividend-10%
DateTypeWhat it says
2026-09-30Director changeChange in Director(s) of the company.
2026-09-30Change in ManagementChange in Management- Reappointment of Whole Time Director.
2026-09-30AppointmentAppointment of Cherian Manamel George as Executive Director (Whole Time Director) of the company w.e.f. February 13, 2027.
2026-09-30Shareholder meetingVoting results.
2026-09-29Shareholder meetingIntimation of revised AGM proceedings.
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-04General UpdatesThe letter to shareholders intimating the web link for accessing the Annual Report for the financial year 2025-26.
2026-09-04General UpdatesThe Book Closure pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015.
2026-09-04Record DateRecord date for the purpose of 49th Annual General Meeting is 22-Sep-2026.
2026-09-04Shareholder meetingNotice of Annual General Meeting to be held on September 29, 2026 along with the Annual Report for the financial year 2025-26.
2026-08-13Board meeting outcomeOutcome of Board Meeting held on August 13, 2026 with respect to designating Senior Managerial Personnels, appointment of Chairman of the Board and re...
2026-08-13Change in ManagementChange in Management
2026-08-13Board meeting outcomeHarrisons Malayalam Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-09Disclosure under SEBI TakeovSwallow Associates LLP has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-06-05Disclosure under SEBI TakeovSAREGAMA INDIA LIMITED has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substa...
2026-06-03Disclosure under SEBI TakeovHML TRUST NO.I has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Ac...
2026-05-26Disclosure under SEBI TakeovHarrisons Malayalam Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (...
2026-05-25Board meeting outcomeOutcome of Board Meeting held on May 25, 2026.
2026-05-25Final forensic audit repoFinal forensic audit report
2026-05-25Board meeting outcomeHarrisons Malayalam Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-08Change in Company Secretary/Change in Company Secretary/Compliance Officer
2026-05-08Board meeting outcomeOutcome of Board Meeting held on May 08, 2026 for appoint of Company Secretary and Compliance Officer
2026-04-13ResignationResignation of BINU THOMAS as Company Secretary & Compliance Officer of the company w.e.f. April 18, 2026.
2026-02-20Credit RatingCredit Rating
2026-02-09Board meeting outcomeHarrisons Malayalam Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Harrisons Malayalam Ltd?

Harrisons Malayalam Ltd (HARRMALAYA) has a market capitalisation of Rs 324 Cr. at the 2026-10-01 close.

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

Harrisons Malayalam Ltd trades at a P/E of 12.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Harrisons Malayalam Ltd's latest quarterly results?

In the Jun 2026 quarter, Harrisons Malayalam Ltd sales was Rs 125 Cr (+7.3% vs Jun 2025) and net profit was Rs 4 Cr.

What is the 52-week high and low of Harrisons Malayalam Ltd?

The 52-week high is Rs 237.90 and the 52-week low is Rs 153.66.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03