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Harrisons Malayalam (HARRMALAYA) had a P/E of 11.3× on 6 Nov 2026, below the industry P/E of 13.7×, and the shares are 30% below their 52-week high. It earns ROCE of 14% and ROE of 18%, and sales and net profit grew 3.6% and 18% a year over 3 years. Debt is 0.62× equity. It is a small-cap company with a market cap of ₹308 Cr, ranked 14th of 81 Farm Products companies by market cap; the shares fell 13% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹163.01
Day high
₹169.80
Day low
₹163.01
Prev. close
₹167.98
Volume
3.7K

Health check

1 good · 3 fair · 2 to check
  • ReturnsBehind

    −13.0% over a year, better than 2 of 7 peers.

  • Price tagCheaper

    P/E 11.3 vs industry 13.7.

  • GrowthSteady

    Sales +3.6%, profit +17.9% a year over 3 years.

  • ProfitabilityAverage

    ROCE 14.3% vs peer median 10.6%.

  • Balance sheetFair

    Debt 0.62× equity, interest covered 3.4×, Piotroski 5 of 9.

  • Red flags2 to check

    Quarterly profit down 34.0% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Farm Products

80 listed peers. Screen the industry

Small cap

₹308 Cr, #14 of 81 in its industry by size.

Defensive

Beta 0.45 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹548 Cr · profit ₹27 Cr
Market cap
₹308 Cr
Small cap
P/E
11.3
Industry 13.7
Price to book
1.72
Peers 1.92
Dividend yield
0.00%
ROE
17.5%
Peers 7.6%
ROCE
14.3%
Peers 10.6%
Debt to equity
0.62
Debt ₹111 Cr
EPS (TTM)
₹14.69
Face value ₹10
OPM (TTM)
4.1%
Net margin 5.0%
Sales growth
+7.3%
Latest quarter vs a year ago
Profit growth
−34.0%
Latest quarter vs a year ago
Price to sales
0.56
EV/EBITDA 18.6

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 34.0% on a year ago.
  • Interest coverage of only 2.0×.

Derived automatically from reported figures. Not a recommendation.

About Harrisons Malayalam

Harrisons Malayalam Limited engages in the plantations for tea and rubber in India and internationally. The company operates in three segments: Tea, Rubber, and Others. It offers custom blended tea, latex, pale latex crepe, crumb rubber, and special grades rubber products; CTC and Orthodox Tea, as well as pineapple. The company also produces exotic horticultural crops, including areca nut, banana, cardamom, cocoa, coffee, coconut, pepper, and vanilla, as…

Headquarters
Kochi
Employees
6,731
Sector
Consumer Defensive
ISIN
INE544A01019
Website
harrisonsmalayalam.com

Price range

52 weeks

₹150.31₹237.90

Today

₹163.01₹169.80
Avg volume (3M)
12.6K
1-year return
minus 13.0%
From 52-week high
minus 30.0%

Peers · Farm Products

Compare with peersScreen the whole industry
Company
AEROPLANEAmir Chand Jagdish Kumar (Exports)238.71minus 1.56%2,47219.92.4923.2%15.9%10.5%20.6%80.7%0.00%plus 32.6%
VENKEYSVenky's (India)1,587.90minus 1.21%2,23712.91.4012.1%9.1%6.0%−4.0%25.5%0.63%plus 4.5%
ANDREWYUAndrew Yule & Company23.47minus 2.21%1,148–3.55−4.7%−5.8%−27.2%−7.7%–0.00%minus 25.1%
PERVASIVEPervasive Commodities12.32minus 1.44%1,110––0.0%−0.1%−0.9%––0.00%plus 941.7%
APEXApex Frozen Foods324.45minus 1.14%1,01419.71.9210.6%7.6%7.7%−4.5%2.7%0.77%plus 39.0%
ZEALZeal Global Services69.45plus 4.99%876––33.8%14.7%4.0%22.5%26.0%–minus 39.9%
DBOLDhampur Bio Organics127.32minus 6.27%83525.30.827.7%2.5%6.5%−4.3%−39.0%1.18%plus 73.0%
HARRMALAYAHarrisons Malayalam166.64minus 0.80%30811.31.7214.3%17.5%4.1%3.6%17.9%0.00%minus 13.0%
Median of 7 peers–−1.44%1,11019.81.9210.6%7.6%6.0%−4.2%25.5%0.32%32.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
116134141147125
108135132139119
8.2−0.78.88.65.7
7.0%−0.5%6.2%5.8%4.6%
2.811.83.75.63.2
3.5333.23.3
1.61.71.81.91.6
66.47.69.13.9
66.47.69.13.9
3.233.484.144.942.13

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+3.6%
Profit CAGR 3Y
+17.9%
EPS CAGR 3Y
+17.9%
ROE
17.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
459459486510
–0.0%+5.9%+4.9%
432448462485
27.210.423.524.9
5.9%2.3%4.8%4.9%
6.48.110.613.8
11.912.712.612.2
4.45.87.37
0.3−7.50.79.6
17.8−7.314.929.1
17.8−7.314.929.1
–minus 141.1%–+95.7%
9.63-3.968.0715.79

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
18.518.518.518.5
138125136160
95.597.6103111
194221215212
445463472502
348370384401
58.372.887.9105
0000
1.42.52.35.2
3717.9−1.8−9.8
445463472502

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
31.33323.425.4
−27.4−21.8−16.1−18.3
−5.8−11−7.8−4.3
−1.90.2−0.52.7
−27.9−22.2−17−21.4
3.410.86.34

Shareholding pattern

Source: NSE filings
54.1%
promoters
  • Promoters54.12%
  • Public45.88%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202654.12%45.88%0.00
30 Jun 202654.12%45.88%0.00
31 Mar 202654.12%45.88%0.00
31 Dec 202554.12%45.88%0.00
30 Sep 202554.12%45.88%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you