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Harrisons Malayalam Limited (HARRMALAYA)

Agro Chemicals · NSE · end-of-day 2026-10-19
Close
₹166.33
Day change
-0.90%
1-year
-17.8%
From 52-week high
-28.0%
Weinstein stage
Stage 4
Minervini template
2/8
Harrisons Malayalam Limited closed at ₹166.33 on 2026-10-19, down 18% over the past year, 28% below its 52-week high. It meets 2 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 4 - declining; on earnings, it passes 0 of 4 SEPA checks. Over the year its annualised volatility was about 37%, with a largest fall of 28% from a peak.

About Harrisons Malayalam Limited

Harrisons Malayalam Limited operates plantations producing rubber and tea, along with other agricultural activities. Its large plantation base provides exposure to domestic and international commodity markets. Rising demand for natural rubber and tea provides long-term opportunities, while diversification across crops can reduce dependence on a single commodity. Plantation modernization and productivity improvements can support earnings. Weather conditions, commodity prices, labour costs, crop yields, and export demand remain important factors.

Price, RSI and MACD

Price · -21.4% over the period
162181199217235Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 35.8
305070
MACD (12, 26, 9) · histogram +0.24
-9.3-3.32.68.614.5
Price · -18.4% over the period
152173194215235Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 35.8
305070
MACD (12, 26, 9) · histogram +0.24
-9.3-3.32.68.614.5
Price · -33.6% over the period
148196245294343Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 35.8
305070
MACD (12, 26, 9) · histogram +0.24
-23.5-13-2.58.118.6
Price · +7.6% over the period
118171223276329Feb 24Jul 24Dec 24May 25Oct 25Mar 26Aug 26
RSI (14) · 35.8
305070
MACD (12, 26, 9) · histogram +0.24
-23.5-13.1-2.67.818.2
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹307 cr₹548 cr₹27 cr11.314.691.7217.5%10.0%15.5%0.60₹5 cr8.50.63

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 202612542.13-34.1%+7.3%3.1%
Mar 202614794.94+75.8%+7.6%6.2%
Dec 202514184.14-31.8%-0.8%5.4%
Sep 202513463.48+56.0%-2.1%4.8%
Jun 202511663.23turnaround+19.2%5.1%
Mar 202513752.81turnaround-3.0%3.8%
Dec 2024142116.07+67.7%+9.8%7.9%
Sep 202413742.23turnaround+12.8%3.0%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 0 of 4 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago✗ Fail
EPS growth accelerating over 3 quarters✗ Fail
Sales up 25%+, or sales growth accelerating✗ Fail
Annual EPS up 25%+ in each of the last 2 years— Not assessable
Net margin above the same quarter last year✗ Fail

Investor methods

MethodChecksScoreVerdict
Minervini
✗ Close above the 150- and 200-day averages
✓ 150-day above 200-day
✓ 200-day rising for a month
✗ 50-day above the 150- and 200-day
✗ Close above the 50-day
✗ At least 25% above the 52-week low · low 156.91
✗ Within 25% of the 52-week high · high 230.90
✗ RS percentile 70 or more · RS 26
Trend template - the gate, measured: a modest 21-day edge.
2/82 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 4 - declining
CAN SLIM
✗ C latest quarter EPS up 25%+
— A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✗ N within 15% of the 52-week high · high 230.90
✗ S more volume on up days than down days (50 sessions) · 0.85x
✗ L RS percentile 80 or more · RS 26
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
1/5Weak
Darvas
✓ Box top confirmed (3 sessions below the new high) · top 237.90
✓ Box bottom confirmed (3 sessions holding) · bottom 165.00
✗ Close above the box top · close 166.33
✗ Volume at least 1.5x its 50-day average · 0.4x
Nicolas Darvas's box: buy the breakout above a confirmed box after a new high.
33/100In box
Turtle
✗ Close above the prior 55-session high · 228.00
✗ Close above the prior 20-session high · 184.00
✗ Close below the prior 20-session low · 165.00
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 11.8%
— Return on capital (ROCE) · 15.5%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
80/100Strong
Graham
✓ Price at or below the Graham number · Graham number 178.78
✓ P/E 15 or less · P/E 11.3
✓ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 1.72
✗ Current ratio 2 or more · 0.45
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
100/100Undervalued
Piotroski
✓ Profitable (ROA > 0)
✓ Operating cash flow positive
✓ ROA rising
✗ Cash flow above net profit (earnings quality)
✗ Long-term debt / assets falling
✓ Current ratio rising · 0.45
✓ No new shares issued
✓ Margin rising (net margin)
✗ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
6/9Average
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Agro Chemicals sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
HARRMALAYA this stock-6.8-23.5-21.4-16.9+4.8-8.311.31.7217.515.5—0.608.53075482714.70.63
ADVANCE+41.9+38.7+45.8+44.1——18.33.25———0.3116.41,008800498.61.77
GOKUL-6.6-6.0-8.5-6.7-7.8+38.818.11.035.28.4—1.0510.33744,211212.11.06
SHARDACROP-5.8-21.0-36.5-13.0+58.0+122.810.12.0124.230.4—0.005.36,3145,35662669.41.12
DHARMAJ-5.8+0.0-5.9-13.5+3.0—14.61.9613.016.4—0.299.38791,1536017.80.61
MCLEODRUSS+11.6-7.5-10.8-14.7+155.7+75.8——246.8-14.3—-29.62—5171,416-137-13.11.71
INSECTICID-6.6-10.9-21.1-23.5+11.4+23.013.51.3512.115.9—0.127.31,646——43.00.87
PUNJABCHEM-8.0-13.4-6.9-26.4-12.6-35.918.62.8716.218.2—0.3610.61,2131,0586553.30.94
BESTAGRO-14.2+2.7-14.0-28.3-79.5-76.619.80.731.25.2—0.569.4563——0.81.12
DHANUKA-11.4-14.9-15.2-38.4+2.8+5.414.52.2918.624.4—0.008.63,8451,95326859.50.75
IGCL-7.3-11.9-0.1-40.7——12.00.8610.912.3—0.396.8393684395.21.14
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.