Harrisons Malayalam Ltd
NSE: HARRMALAYA BSE: 500467
Harrisons Malayalam Ltd (HARRMALAYA) is a Diversified company listed on NSE: HARRMALAYA | BSE: 500467. With a market cap of ₹376 Cr and ROCE of 11%, ROE of 9.55%, it operates in the Indian Diversified sector.
₹203
52W: ₹154 — ₹238
PE 14.9 · Book ₹89.2 · +128% vs bookMarket Cap₹376 Cr
Stock P/E14.9Price to Earnings
ROCE11%Return on Capital
ROE9.55%Return on Equity
Div. Yield0%Face Value ₹10
Weaknesses
- −The company has delivered a poor sales growth of 5.86% over past five years.
- −Company has a low return on equity of 7.14% over last 3 years.
- −Earnings include an other income of Rs.22.3 Cr.
- −Dividend payout has been low at 3.46% of profits over last 3 years
Shareholding Pattern
Promoters54.12%
FIIs0%
DIIs0.05%
Public45.83%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 54.12% | 54.12% | 54.12% | 54.12% | 54.12% | 54.12% | 54.12% | 54.12% |
| FIIs | 0.01% | 0.1%▲0.1 | 0.14%▲0.0 | 0.16%▲0.0 | 0%▼0.2 | 0% | 0% | 0% |
| DIIs | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Public | 45.83% | 45.73%▼0.1 | 45.7%▼0.0 | 45.67%▼0.0 | 45.83%▲0.2 | 45.83% | 45.82%▼0.0 | 45.83%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 121.73 | 129.55 | 140.98 | 97.66 | 137.3 | 142.25 | 136.71 | 116.46 | 134.4 | 141.09 |
| Expenses | 120.7 | 120.75 | 140.07 | 101.92 | 129.95 | 128.42 | 130.13 | 108.25 | 135.08 | 132.32 |
| Operating Profit | 1.03 | 8.8 | 0.91 | -4.26 | 7.35 | 13.83 | 6.58 | 8.21 | -0.68 | 8.77 |
| OPM % | 0.85% | 6.79% | 0.65% | -4.36% | 5.35% | 9.72% | 4.81% | 7.05% | -0.51% | 6.22% |
| Net Profit | -2.15 | 6.68 | -9.55 | -5.61 | 4.11 | 11.21 | 5.19 | 5.96 | 6.42 | 7.64 |
| EPS ₹ | -1.16 | 3.61 | -5.16 | -3.03 | 2.22 | 6.06 | 2.81 | 3.22 | 3.47 | 4.13 |
AI Insights
Revenue Trend
TTM revenue at ₹529Cr, up 3.3% YoY. OPM at 4%.
Debt Position
Borrowings at ₹114Cr. Debt-to-equity ratio: 0.78x. Moderate leverage.
Capex Cycle
CWIP at ₹98Cr (33% of fixed assets). Significant capex underway — growth runway building.
Institutional Flow
DIIs: 0.05% (+0.00pp change). FIIs: 0% (-0.11pp change). Promoters hold 54.12%.
Margin & Efficiency
ROCE improving from 5% (Mar 2014) to 11% (Mar 2025). Working capital days: -95.
Valuation
PE 14.9x with 11% ROCE. Price is 128% above book value of ₹89.2. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Change in Management 8 May - Board noted Binu Thomas’s resignation and appointed Sandhya Gopi as Company Secretary from 8 May 2026.
- Appointment of Company Secretary and Compliance Officer 8 May - Harrisons Malayalam appointed Sandhya Gopi as Company Secretary and Compliance Officer from 8 May 2026.
- Board Meeting Outcome for OUTCOME OF BOARD MEETING 8 May - Board appointed Ms. Sandhya Gopi as Company Secretary and Compliance Officer from 08 May 2026; noted Binu Thomas’s resignation.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 14 Apr - Harrisons Malayalam confirms it is not a large corporate as of March 31, 2026; outstanding borrowing Rs63.30 crore.
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 13 Apr - Company Secretary and Compliance Officer Binu Thomas resigned on 13 April 2026 for alternate career opportunity.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse