Recent Price Movement and Market Context
On 19 Dec 2025, Harrisons Malayalam’s share price touched Rs.158.55, the lowest level recorded in the past year. This decline comes after three consecutive days of losses, during which the stock has delivered a cumulative return of -4.32%. The day’s performance showed a further dip of 0.35%, underperforming the Industrial Products sector by 1.08%. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish momentum.
In contrast, the broader market has shown resilience. The Sensex opened 274.98 points higher and was trading at 84,929.36, up 0.53%, approaching its 52-week high of 86,159.02, just 1.45% away. Mid-cap stocks led the market rally with the BSE Mid Cap index gaining 1.26% on the day, highlighting a divergence between Harrisons Malayalam’s performance and the overall market trend.
Financial Performance and Key Metrics
Over the past year, Harrisons Malayalam’s stock has declined by 50.17%, a stark contrast to the Sensex’s 7.21% gain over the same period. The stock’s 52-week high was Rs.336.65, indicating a significant erosion of market value. This performance reflects challenges in both long-term and near-term financial results.
The company’s operating cash flow for the year stood at Rs.23.35 crores, one of the lowest levels recorded recently. Quarterly operating profit to interest ratio was negative at -0.23 times, indicating difficulties in covering interest expenses from operating profits. The dividend payout ratio for the year was 0.00%, suggesting no dividends were distributed to shareholders during this period.
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Debt and Valuation Considerations
Harrisons Malayalam’s financial structure shows a high debt burden relative to earnings, with a Debt to EBITDA ratio of 4.74 times. This level indicates a constrained ability to service debt obligations comfortably. The company’s return on capital employed (ROCE) is 7.4%, which, while modest, is accompanied by an enterprise value to capital employed ratio of 1.5 times. This valuation metric suggests the stock is trading at a discount compared to its peers’ historical averages.
Despite the subdued stock price, the company’s profits have shown a notable rise of 799.1% over the past year. However, this increase in profitability has not translated into positive returns for shareholders, as reflected in the stock’s performance. The PEG ratio stands at zero, indicating that the price does not currently reflect earnings growth expectations.
Shareholding and Market Position
The majority ownership of Harrisons Malayalam remains with its promoters, maintaining a concentrated shareholding structure. The company operates within the Industrial Products sector, which has seen mixed performance relative to broader market indices. While the sector has experienced some gains, Harrisons Malayalam’s stock has lagged behind both sectoral and market benchmarks over one, three, and longer-term periods.
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Comparative Market Performance
When compared to the BSE500 index, Harrisons Malayalam has underperformed consistently over the last three years, one year, and three months. This persistent lag highlights the challenges faced by the company in regaining investor confidence and market share within its sector. Meanwhile, the Sensex’s positive trajectory and the mid-cap segment’s leadership in recent trading sessions underscore the divergence in performance.
The stock’s current position below all major moving averages further emphasises the prevailing downward pressure. The 200-day moving average, often viewed as a key indicator of long-term trend, remains well above the current price level, reinforcing the subdued market sentiment towards the stock.
Summary of Key Financial Indicators
To summarise, Harrisons Malayalam’s recent financial and market data reveal the following:
- New 52-week low price of Rs.158.55 recorded on 19 Dec 2025
- One-year stock return of -50.17%, contrasting with Sensex’s 7.21% gain
- Operating cash flow at Rs.23.35 crores, among the lowest recent figures
- Negative operating profit to interest ratio at -0.23 times in the latest quarter
- Zero dividend payout ratio for the year
- Debt to EBITDA ratio of 4.74 times, indicating elevated leverage
- ROCE of 7.4% and enterprise value to capital employed ratio of 1.5 times
- Profit growth of 799.1% over the past year despite stock price decline
These metrics collectively illustrate the complex financial landscape Harrisons Malayalam is navigating, with valuation discounts contrasting against operational and financial pressures.
Market Environment and Sectoral Context
The Industrial Products sector, to which Harrisons Malayalam belongs, has experienced varied performance across constituent companies. While some peers have maintained or improved valuations, Harrisons Malayalam’s stock has not mirrored these trends. The broader market’s positive momentum, led by mid-cap gains and Sensex’s proximity to its 52-week high, further accentuates the stock’s relative underperformance.
Investors and market participants continue to monitor the stock’s movement closely, particularly given its position below all major moving averages and the recent 52-week low. The stock’s trajectory remains a focal point within the Industrial Products sector amid ongoing market fluctuations.
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