Annual reportSep 2026
Sep 2026 · Letter To The Members Providing Web-Link For Accessing The Annual Report For The Financial Year 2025-26. 4 Sep - FY2025-26 annual report shared; 49th AGM on September 29, 2026, plus KYC update reminder.
Source: Bse
Harrisons Malayalam Limited (HARRMALAYA)
Small CapConsumer stocks · Small cap · NSE
Harrisons Malayalam Limited operates in Plantations, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹166.33
-1.51 · -0.90%
Market cap ₹319 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 06:47 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
29Bearishfull bear SMA stack · SMA20 -9.5% / mo · MACD + · near 52W low · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 24
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
HARRMALAYAD candles · FIT view-27.7%Latest close ₹166.33 on 2026-10-19
Bar
-2.7%
RSI
36
MACD hist
0.24
52W pos
15%
2026-10-19O ₹170.90H ₹170.90L ₹166.15C ₹166.33Vol 5,911 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
HARRMALAYANifty Consumer DurablesNifty 500
- HARRMALAYA
- -23.5%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -17.9 pp
Chart stats
19 Oct 2026- From 52W high
- -30.1%
- 52W range position
- 15%
- ATR (14)
- 4.3%
- Volume vs 20D
- 0.64x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹165 - ₹184
₹237.9
₹153.7 - ₹237.9
₹7.1
Latest completed session
20-session average
31.3% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED30
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +7.3% · PAT -34.1% YoY
Technical
Bearish29
Price trend and sector-relative-strength timing.
Valuation
Legacy model-264.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -34% YoY · margin compression · Rev +7% YoY
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹124.9 Cr | +7.3% | -15.1% |
| EBITDA | ₹5.7 Cr | -30.7% | -33.8% |
| Operating margin | 4.5% | -250 bps | -129 bps |
| PAT | ₹3.9 Cr | -34.1% | -56.9% |
| PAT margin | 3.1% | -197 bps | -304 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 11.80
- P/B
- 1.79
- EV/EBITDA
- 14.83
- Market Cap
- 319.00Cr
Profitability
- ROE
- 11.70%
- ROCE
- 11.80%
- ROA
- 5.38%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 4.00%
- EPS 5Y
- -14.00%
- Revenue 3Y
- 3.00%
- EPS 3Y
- 4.00%
Balance Sheet
- Debt/Equity
- 0.62
- Interest Coverage
- 1.83×
- Altman Z
- 2.40
- Book Value
- 96.60
Cash Flow
- FCF Yield
- 2.19%
- FCF Positive Y
- 11/5
- OCF
- 25.00 Cr
- EPS TTM
- 14.64
Shareholding
- Promoter Hold
- 54.12%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 23%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 125-15.1% vs prev
Net Profit
₹ CrLatest: 3.9-56.9% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 36.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~10.5% over last month) — short-term momentum negative.
- RSI(14) at 36 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 30% off 52W high · 8% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
31
RS percentile
Stage 4 Downtrend
1M return
-6.8%
3M return
-23.5%
6M return
-21.6%
1Y return
-17.7%
RS 1D
+1
RS 20D
-11
Sector rank
#9
Industry rank
#35
Stage evidence
- Price is 16.5% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.6%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 85.74+0.13%
RS vs Nifty 50086
Valuation & peers
U-Score 30 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 30 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation13/30
Growth2/25
Quality5/20
Balance Sheet4/15
Cash Flow6/10
Piotroski
6/9 (+3)
Penalties
-3
Raw sum
30
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
30/100 · legacy band OVERVALUED
Positive drivers
- Cash flow contributes 6/10 to the score.
- Valuation contributes 13/30 to the score.
- Balance sheet contributes 4/15 to the score.
Main drags
- Penalty bucket subtracts 3 points.
- Fair-value margin of safety is negative at -264.1%.
- Growth is weaker at 2/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
11.8
PB
1.8
EV/EBITDA
14.8
ROE
11.7%
ROCE
11.8%
FCF Yield
2.2%
Debt/Equity
0.6
MoS
-264.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
30
Previous: 30
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-264.1%
Previous: -264.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
28
28
28
30
30
28
30
30
30
30
30
30
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹178.38
+6.8% MoS
Growth-justified P/E
3.1
Growth-justified Value
₹45.68
-264.1% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GOKUL
Small
Gokul Refoils and Solvent Limited
Agro Processing
match 60
28
18.1
4.9%
-208%
OVERVALUED
DAVANGERE
Small
Davangere Sugar Company Limited
Agro Processing
match 60
29
47.5
2.0%
-4%
OVERVALUED
DCMSRIND
Small
DCM Shriram Industries Limited
Agro Processing
match 59
59
5.6
11.8%
+15%
FAIR VALUE
COASTCORP
Small
Coastal Corporation Limited
Agro Processing
match 58
50
7.4
9.8%
+62%
FAIR VALUE
ANIKINDS
Small
Anik Industries Limited
Agro Processing
match 55
21
58.5
0.6%
-67%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Harrisons Malayalam Limited operates in Plantations, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
65Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 48th percentile within Consumer. Main check: results consistency is weak at 41/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
45th percentile
overall median 67 · Consumer: 48th pctile, median 66 · Small: 50th pctile, median 66
Evidence depth
Financial-only
5 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
51
watch · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
41
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2%.
- ▸11 years of positive FCF.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Interest coverage is 1.8x.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Harrisons Malayalam Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Sep - Intimation of the copies of Newspaper Advertisement in connection with the dispatch of electronic copies of Annual Report along with Notice of 49th Annual General …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug - Attaching herewith copy of newspaper advertisement appeared in Financial Express (English) and Deshabhimani (Malayalam) Newspapers appeared today (20.08.2026) regarding Special Window for ....
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug - Pursuant to Regulation 30 attaching herewith the advertisement published in Deshabhimani and Financial Express Newspapers on 14.08.2026 regarding the Unaudited Financial Results for the ....
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 13 Aug - Harrisons Malayalam announced Q1 FY27 results, appointed chairman, named senior managers, and reappointed cost auditor.
Source: Bse
AnnouncementMay 2026
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.
Source: Bse
AnnouncementMay 2026
May 2026 · 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.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 27 May - Attaching herewith the newspaper advertisement appeared in Todays Deshabhimani (Malayalam Newspaper) and Financial Express (English Newspaper) regarding audited Financial results for the quarter and year …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May - Lodgement of transfer requests of physical securities.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMay 2025
May 2025 · Update on board meeting 18 May - Board meeting on May 25, 2026 to consider audited results for quarter and year ended March 31, 2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.