Harrisons Malayalam Ltd (HARRMALAYA) AI Stock Analysis

• Market Cap: ₹3.50B
• Dividend Yield: N/A
• Average Volume (3M): 896.00
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.81
• Revenue Growth: 4.81%
• EPS Growth: N/A
• Country: IN
• Employees: 7,669
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 4.14
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ₹210.00 ▲(23.71% Upside)
• Action: Upgraded Date: 04/07/26
• Date: Action: Upgraded 04/07/26

The score is driven primarily by solid financial performance (profitability recovery and strong cash conversion) and an attractive P/E valuation. Technicals are supportive but not strong due to mixed momentum signals (negative MACD alongside neutral RSI/Stochastic).

Positive Factors

Operating cash flow / cash conversion

Persistent strong operating cash flow relative to reported earnings signals durable cash conversion from core plantation operations. This underpins the company’s ability to fund working capital, maintain estate upkeep, service debt, and support reinvestment or shareholder returns over the medium term.

Negative Factors

Significant total liabilities

Material levels of liabilities reduce financial flexibility and raise refinancing and interest-rate exposure. In an adverse commodity or cost environment, obligations could constrain capital allocation, limit strategic initiatives, or force asset-light measures that hurt long-term competitiveness.

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...

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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...

How the Company Makes Money

Harrisons Malayalam Ltd makes money mainly by selling plantation produce derived from its estates. Its core revenue stream is the sale of tea (typically through bulk/auction and/or direct trade channels depending on market practice) and natural ru...

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Harrisons Malayalam Ltd makes money mainly by selling plantation produce derived from its estates. Its core revenue stream is the sale of tea (typically through bulk/auction and/or direct trade channels depending on market practice) and natural ru...

Harrisons Malayalam Ltd Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	5.30B	5.14B	4.59B	4.87B	4.48B	4.21B
Gross Profit	3.88B	3.26B	2.66B	2.73B	2.56B	2.58B
EBITDA	491.44M	353.18M	111.41M	343.61M	384.97M	575.78M
Net Income	287.73M	148.88M	-73.03M	177.66M	230.90M	404.24M
Balance Sheet
Total Assets	5.02B	4.72B	4.63B	4.45B	4.20B	4.07B
Cash, Cash Equivalents and Short-Term Investments	52.37M	49.94M	21.69M	20.48M	39.05M	20.86M
Total Debt	1.14B	1.03B	975.58M	954.80M	891.31M	992.46M
Total Liabilities	3.37B	3.18B	3.19B	2.89B	2.82B	2.92B
Stockholders Equity	1.65B	1.54B	1.44B	1.56B	1.38B	1.15B
Cash Flow
Free Cash Flow	-60.03M	63.10M	107.59M	33.82M	205.20M	302.52M
Operating Cash Flow	53.79M	233.55M	329.81M	312.62M	375.35M	411.18M
Investing Cash Flow	-102.01M	-160.67M	-218.33M	-273.70M	-141.20M	-106.82M
Financing Cash Flow	47.26M	-78.38M	-109.63M	-58.08M	-214.55M	-318.71M

Harrisons Malayalam Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 169.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:HARRMALAYA, the sentiment is Positive. The current price of 169.75 is below the 20-day moving average (MA) of 176.61, below the 50-day MA of 174.91, and below the 200-day MA of 190.03, indicating a neutral trend. The MACD of 2.88 indicates Negative momentum. The RSI at 60.74 is Neutral, neither overbought nor oversold. The STOCH value of 85.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:HARRMALAYA.

Harrisons Malayalam Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UNITEDTEA	74 Outperform	₹2.55B	10.75	―	0.67%	―	―
GROBTEA	70 Outperform	₹994.90M	4.09	―	0.30%	-20.04%	-104.83%
HARRMALAYA	70 Outperform	₹3.50B	10.14	―	―	4.81%	―
ASPINWALL	63 Neutral	₹1.67B	6.70	―	2.79%	9.72%	-57.95%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
JAYSREETEA	61 Neutral	₹2.36B	-41.93	―	0.57%	5.48%	816.63%
PKTEA	51 Neutral	₹2.39B	166.47	―	0.11%	-13.72%	-136.12%