HARRMALAYA

Harrisons Malayalam Limited

Rubber and tea plantations across Kerala and Tamil Nadu

Industrials›Capital Goods›Industrial Products›Rubber

harrisonsmalayalam.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹166.33
Market cap
307 Cr
Stock P/E
11.3
P/B
1.72
ROE (FY26)
16.3%
ROCE (FY26)
14.6%
Operating margin (FY26)
3.3%
Debt / equity (FY26)
0.60
OCF / EBITDA (FY26)
102.0%
OCF / EBITDA (3Y)
138.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Harrisons Malayalam grows and sells natural rubber and tea from plantation estates and factories in Kerala and Tamil Nadu.

Company snapshot

6thBy market cap

Ranked among 8 companies in Rubber.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 57.5% of revenue

SegmentRevenue shareRevenuePBTAssets
OTHERS
0.2%
0.80 Cr0.80 Cr—
RUBBER
57.5%
217 Cr28 Cr—
TEA
42.3%
160 Cr-9 Cr—

What we see

Positives
  • ✓139% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Interest coverage of 1.4x — earnings barely cover interest payments, which is a warning sign.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales122 Cr130 Cr141 Cr98 Cr137 Cr142 Cr137 Cr116 Cr134 Cr141 Cr147 Cr125 Cr
Operating expenses (approx.)121 Cr121 Cr140 Cr102 Cr130 Cr128 Cr130 Cr108 Cr135 Cr132 Cr139 Cr119 Cr
EBITDA1 Cr9 Cr0.91 Cr-4 Cr7 Cr14 Cr7 Cr8 Cr-0.68 Cr9 Cr9 Cr6 Cr
OPM %0.8%6.8%0.6%-4.4%5.3%9.7%4.8%7.0%-0.5%6.2%5.8%4.6%
Other income2 Cr3 Cr2 Cr3 Cr2 Cr3 Cr4 Cr3 Cr12 Cr4 Cr6 Cr3 Cr
Interest3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr
Depreciation1 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Profit before tax-2 Cr7 Cr-10 Cr-6 Cr4 Cr11 Cr5 Cr6 Cr6 Cr8 Cr9 Cr4 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net profit-2 Cr7 Cr-10 Cr-6 Cr4 Cr11 Cr5 Cr6 Cr6 Cr8 Cr9 Cr4 Cr
EPS (₹)₹-1.16₹3.62₹-5.18₹-3.04₹2.23₹6.07₹2.81₹3.23₹3.48₹4.14₹4.94₹2.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales367 Cr383 Cr354 Cr387 Cr451 Cr472 Cr487 Cr488 Cr514 Cr539 CrSign in free for the trailing twelve months
Operating expenses (approx.)353 Cr371 Cr366 Cr364 Cr396 Cr440 Cr460 Cr478 Cr490 Cr514 CrSign in free for the trailing twelve months
EBITDA13 Cr13 Cr-12 Cr23 Cr55 Cr31 Cr27 Cr10 Cr24 Cr25 CrSign in free for the trailing twelve months
OPM %3.6%3.3%-3.4%6.0%12.3%6.7%5.6%2.1%4.6%4.6%Sign in free for the trailing twelve months
Other income5 Cr9 Cr6 Cr6 Cr3 Cr7 Cr7 Cr9 Cr12 Cr24 CrSign in free for the trailing twelve months
Interest14 Cr13 Cr14 Cr16 Cr14 Cr11 Cr12 Cr13 Cr13 Cr13 CrSign in free for the trailing twelve months
Depreciation5 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr6 Cr7 Cr7 CrSign in free for the trailing twelve months
Profit before tax4 Cr4 Cr-24 Cr9 Cr40 Cr23 Cr18 Cr-7 Cr15 Cr29 CrSign in free for the trailing twelve months
Tax %—0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Net profit4 Cr4 Cr-24 Cr9 Cr40 Cr23 Cr18 Cr-7 Cr15 Cr29 CrSign in free for the trailing twelve months
EPS (₹)₹2.22₹2.41₹-13.06₹5.02₹21.90₹12.51₹9.63₹-3.96₹8.07₹15.79Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%—0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr
Reserves84 Cr85 Cr60 Cr60 Cr97 Cr120 Cr138 Cr125 Cr136 Cr160 Cr
Borrowings87 Cr86 Cr105 Cr105 Cr80 Cr86 Cr92 Cr94 Cr100 Cr108 Cr
Other liabilities172 Cr190 Cr189 Cr219 Cr212 Cr196 Cr197 Cr225 Cr218 Cr216 Cr
Total liabilities361 Cr381 Cr373 Cr403 Cr407 Cr420 Cr445 Cr463 Cr472 Cr502 Cr
Fixed assets (net)277 Cr277 Cr279 Cr285 Cr285 Cr286 Cr290 Cr297 Cr293 Cr293 Cr
CWIP8 Cr11 Cr10 Cr13 Cr22 Cr36 Cr58 Cr72 Cr88 Cr104 Cr
Investments0.01 Cr0.01 Cr0.01 Cr0.01 Cr0.01 Cr0.01 Cr8 Cr0.01 Cr3 Cr2 Cr
Inventories25 Cr28 Cr29 Cr41 Cr35 Cr35 Cr38 Cr37 Cr38 Cr46 Cr
Trade receivables8 Cr14 Cr10 Cr8 Cr16 Cr14 Cr11 Cr18 Cr13 Cr15 Cr
Cash & bank1 Cr2 Cr1 Cr2 Cr0.64 Cr3 Cr0.69 Cr0.87 Cr0.32 Cr3 Cr
Other assets42 Cr48 Cr43 Cr55 Cr49 Cr47 Cr40 Cr38 Cr37 Cr38 Cr
Total assets361 Cr381 Cr373 Cr403 Cr407 Cr420 Cr445 Cr463 Cr472 Cr502 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity21 Cr20 Cr-7 Cr33 Cr41 Cr38 Cr32 Cr33 Cr23 Cr25 Cr
Cash from investing4 Cr-7 Cr-6 Cr-9 Cr-11 Cr-14 Cr-27 Cr-22 Cr-16 Cr-18 Cr
Cash from financing-31 Cr-12 Cr11 Cr-23 Cr-32 Cr-21 Cr-7 Cr-11 Cr-8 Cr-4 Cr
Net cash flow-6 Cr1 Cr-1 Cr0.96 Cr-1 Cr2 Cr-2 Cr0.18 Cr-0.55 Cr3 Cr
Free cash flow (OCF − Capex)20 Cr17 Cr-11 Cr31 Cr30 Cr21 Cr5 Cr11 Cr6 Cr4 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.7%9.0%-5.5%13.7%27.7%15.3%12.1%2.5%11.0%14.6%
ROE %4.0%4.3%-30.7%11.7%35.2%16.7%11.4%-5.1%9.7%16.3%
Debtor days8141081310814910
Inventory days8095115179121108127130158141
Days payable103128132212150160154233261190
Cash conversion cycle-16-20-7-26-17-41-19-90-93-38
OCF / EBITDA %158.9%158.5%—142.7%74.4%119.7%119.3%n.m.99.4%102.0%
OCF / EBITDA % (3 years)——n.m.n.m.101.3%101.8%97.6%149.2%145.2%138.9%
Debt / equity0.850.831.341.330.690.620.590.650.650.60
Current ratio0.400.460.440.460.490.510.470.400.400.45
Net debt / EBITDA6.42———1.432.653.368.934.224.20