Harrisons Malayalam Ltd (HARRMALAYA) AI Stock Analysis

• Market Cap: ₹3.69B
• Dividend Yield: N/A
• Average Volume (3M): 896.00
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.02
• Revenue Growth: 8.73%
• EPS Growth: N/A
• Country: IN
• Employees: 7,669
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 3.23
• Shares Outstanding: 18,455,404
• 10 Day Avg. Volume: 601
• 30 Day Avg. Volume: 896
• PEG Ratio: -0.08
• Price to Book (P/B): 2.45
• Price to Sales (P/S): 0.73
• P/FCF Ratio: 59.84
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹222.00
• Price Target Upside: 10.97% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: ₹222.00 ▲(10.97% Upside)

Harrisons Malayalam Ltd's overall stock score reflects solid financial performance with strong margins and cash flow generation. However, technical indicators suggest a bearish trend, and the valuation is reasonable but not compelling. The absence of a dividend yield and significant liabilities are additional considerations.

Harrisons Malayalam Ltd Business Overview & Revenue Model

Company Description

Harrisons Malayalam Limited plants and sells tea and rubber in India. It operates in three segments: Tea, Rubber, and Others. The company offers CTC and orthodox, custom blended, and organic teas; and latex, crepe, block, and sheet rubber products. It also provides pineapple in various forms, such as slices, bits, juice, pulp, frozen, and dehydrated; and produces cardamom, malabar pepper, cloves, nutmeg, cocoa, vanilla, arecanut, coconut, and banana, as well as coffee. The company also exports its products in Europe, Africa, the Middle East, New Zealand, the United States, and Canada. Harrisons Malayalam Limited was incorporated in 1978 and is based in Kochi, India.

How the Company Makes Money

Harrisons Malayalam Ltd generates revenue through the cultivation, processing, and sale of its agricultural products, primarily tea and rubber. The company operates extensive tea and rubber plantations, and its revenue streams include the sale of these commodities in both domestic and international markets. The company also engages in the marketing of other agricultural products such as pineapple and spices. Significant partnerships with buyers and distributors, as well as strategic market positioning in the agribusiness sector, contribute to its earnings. Additionally, the company may leverage its expertise in plantation management to offer consultancy services, although the primary income stems from the sale of its agricultural produce.

Harrisons Malayalam Ltd Financial Statement Overview

Summary

Harrisons Malayalam Ltd demonstrates solid financial performance with strong gross profit margins and improved net profit margins. Revenue growth is consistent, and cash flow generation is robust. However, significant liabilities and declining free cash flow growth pose potential challenges.

Income Statement

Harrisons Malayalam Ltd shows a strong gross profit margin, reflecting efficient cost management. The net profit margin has improved, turning positive in the latest year after a loss in the previous period. Revenue growth is modest but consistent, with a notable recovery in EBIT and EBITDA margins. However, these margins remain lower than peak levels seen in earlier years, indicating room for improvement.

Balance Sheet

The debt-to-equity ratio is relatively stable, suggesting manageable leverage levels. The return on equity has improved, reflecting better profitability. The equity ratio indicates a solid portion of assets funded by equity. However, the total liabilities remain significant, which could pose risks in adverse conditions.

Cash Flow

The company exhibits strong operating cash flow generation relative to net income, indicating good cash conversion. The free cash flow has been positive but shows a declining trend, which may limit financial flexibility. The free cash flow to net income ratio is favorable, suggesting efficient capital expenditure management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.33B	5.14B	4.59B	4.87B	4.48B	4.21B
Gross Profit	3.93B	3.26B	2.66B	2.73B	2.56B	2.58B
EBITDA	471.29M	353.18M	111.41M	343.61M	384.97M	575.78M
Net Income	264.65M	148.88M	-73.03M	177.66M	230.90M	404.24M
Balance Sheet
Total Assets	0.00	4.72B	4.63B	4.45B	4.20B	4.07B
Cash, Cash Equivalents and Short-Term Investments	15.12M	49.94M	21.69M	20.48M	39.05M	20.86M
Total Debt	0.00	1.03B	975.58M	954.80M	891.31M	992.46M
Total Liabilities	-1.54B	3.18B	3.19B	2.89B	2.82B	2.92B
Stockholders Equity	1.54B	1.54B	1.44B	1.56B	1.38B	1.15B
Cash Flow
Free Cash Flow	0.00	63.10M	107.59M	33.82M	205.20M	302.52M
Operating Cash Flow	0.00	233.55M	329.81M	312.62M	375.35M	411.18M
Investing Cash Flow	0.00	-160.67M	-218.33M	-273.70M	-141.20M	-106.82M
Financing Cash Flow	0.00	-78.38M	-109.63M	-58.08M	-214.55M	-318.71M

Harrisons Malayalam Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 200.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HARRMALAYA, the sentiment is Negative. The current price of 200.05 is below the 20-day moving average (MA) of 203.22, below the 50-day MA of 209.12, and below the 200-day MA of 217.87, indicating a bearish trend. The MACD of -2.27 indicates Negative momentum. The RSI at 37.63 is Neutral, neither overbought nor oversold. The STOCH value of 37.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:HARRMALAYA.

Harrisons Malayalam Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GROBTEA	63 Neutral	₹1.18B	18.79	―	0.29%	9.17%	124.99%
HARRMALAYA	63 Neutral	₹3.69B	13.95	―	―	8.73%	―
ASPINWALL	63 Neutral	₹2.04B	26.92	―	2.49%	12.00%	-40.85%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JAYSREETEA	58 Neutral	₹2.72B	3.80	―	0.53%	19.29%	―
PKTEA	51 Neutral	₹2.25B	40.94	―	0.14%	2.60%	-9.04%