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Harischandra Mills Plc

  • Market Cap: Small Cap
  • Industry: FMCG
  • ISIN: LK0077N00004
LKR
5,446.00
1711 (45.81%)

Dec 12

COL

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  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

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Comparison
Company
Score
Quality
Valuation
Financial
Technical
Renuka Holdings Plc
Renuka Agri Foods Plc
Namunukula Plantations PLC
Lanka Milk Foods (CWE) Plc
Keells Food Products Plc
Dilmah Ceylon Tea Co. Plc
Convenience Foods (Lanka) Plc
Harischandra Mills Plc
Malwatte Valley Plantations Plc
Why is Harischandra Mills Plc ?
1
Poor long term growth as Operating profit has grown by an annual rate 6.88% of over the last 5 years
2
Flat results in Jun 25
  • NET SALES(Q) Lowest at LKR 1,466.63 MM
  • PRE-TAX PROFIT(Q) At LKR 53.24 MM has Fallen at -39.41%
  • NET PROFIT(Q) At LKR 37.27 MM has Fallen at -42.37%
3
With ROE of 14.90%, it has a expensive valuation with a 7.97 Price to Book Value
  • The stock is trading at a premium compared to its peers' average historical valuations
  • Over the past year, while the stock has generated a return of 34.79%, its profits have risen by 23.1% ; the PEG ratio of the company is 2.3
4
Underperformed the market in the last 1 year
  • The stock has generated a return of 34.79% in the last 1 year, much lower than market (Sri Lanka CSE All Share) returns of 60.36%
stock-recommendationReal-Time Research Report
Verdict Report
How much should you sell?
  1. All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Harischandra Mills Plc for you?

High Risk, Low Return

Absolute
Risk Adjusted
Volatility
Harischandra Mills Plc
-100.0%
0.35
67.00%
Sri Lanka CSE All Share
60.36%
3.50
17.24%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors
Factor
Value
Sales Growth (5y)
12.51%
EBIT Growth (5y)
6.88%
EBIT to Interest (avg)
27.50
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.35
Sales to Capital Employed (avg)
3.47
Tax Ratio
26.41%
Dividend Payout Ratio
60.68%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
17.09%
ROE (avg)
12.17%
stock-recommendationValuation
Valuation Scorecard stock-summary
stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary
Factor
Value
P/E Ratio
53
Industry P/E
Price to Book Value
7.97
EV to EBIT
44.37
EV to EBITDA
34.02
EV to Capital Employed
11.69
EV to Sales
2.16
PEG Ratio
2.32
Dividend Yield
NA
ROCE (Latest)
26.36%
ROE (Latest)
14.90%
stock-recommendationTechnicals
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
Bearish
No Signal
Bollinger Bands
Sideways
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Mildly Bullish
OBV
Mildly Bearish
Bullish
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
Analyse All Technical Factors stock-recommendation
stock-recommendationFinancial Trend
Financial Trend Scorecard stock-summary
stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

10What is working for the Company
OPERATING CASH FLOW(Y)

Highest at LKR 608.08 MM

NET PROFIT(HY)

At LKR 151 MM has Grown at 170.79%

RAW MATERIAL COST(Y)

Fallen by 1.49% (YoY

CASH AND EQV(HY)

Highest at LKR 1,447.7 MM

DEBT-EQUITY RATIO (HY)

Lowest at -34.81 %

-3What is not working for the Company
NET SALES(Q)

Lowest at LKR 1,466.63 MM

PRE-TAX PROFIT(Q)

At LKR 53.24 MM has Fallen at -39.41%

NET PROFIT(Q)

At LKR 37.27 MM has Fallen at -42.37%

Here's what is working for Harischandra Mills Plc
Operating Cash Flow
Highest at LKR 608.08 MM and Grown
In each year in the last three years
MOJO Watch
The company has generated higher cash revenues from business operations

Operating Cash Flows (LKR MM)

Cash and Eqv
Highest at LKR 1,447.7 MM
in the last six Semi-Annual periods
MOJO Watch
Short Term liquidity is improving

Cash and Cash Equivalents

Debt-Equity Ratio
Lowest at -34.81 %
in the last five Semi-Annual periods
MOJO Watch
The company has been reducing its borrowing as compared to equity capital

Debt-Equity Ratio

Raw Material Cost
Fallen by 1.49% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin

Raw Material Cost as a percentage of Sales

Here's what is not working for Harischandra Mills Plc
Net Sales
Lowest at LKR 1,466.63 MM
in the last five periods
MOJO Watch
Near term sales trend is negative

Net Sales (LKR MM)

Pre-Tax Profit
At LKR 53.24 MM has Fallen at -39.41%
over average net sales of the previous four periods of LKR 87.87 MM
MOJO Watch
Near term Pre-Tax Profit trend is negative

Pre-Tax Profit (LKR MM)

Net Profit
At LKR 37.27 MM has Fallen at -42.37%
over average net sales of the previous four periods of LKR 64.67 MM
MOJO Watch
Near term Net Profit trend is negative

Net Profit (LKR MM)

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