Harrisons Malayalam Ltd., a member of the RPG group is into various businesses including tea and rubber plantations structural, civil, mechanical and electrical engineering activities trading in and export of tea, coffee and spices estate supplies and trading, clearing, shipping, air travel and air cargo activities and biotechnology. The Company is principally engaged in plantations having tea and rubber estates in Kerala and Tamil Nadu.Harisons Malayalam, formed in 1984 with the merger of Harrisons Crossfield and Malayalam Plantations, has came out with a rights issue in 1992 to partfinance its expansion and diversification projects. The companys factories i.e. Surianalle(Tea Factory), Kumbazha Centrifuge(Rubber Factory) and Achoor Factory are certified with ISO 9002.Through a JV (i.e. Harrisons Universal Flowers) with Universal Plants of France the company entered the floriculture market. It exports Flowers to Holland. It plans to introduce new varieties and also develop the domestic market. Harrisons Universal Flowers ceased to be a subsidiary of the company during 19992000.The tissue culture project introduced a new product called Rhododendron. Highyielding sugar cane has been developed and launched in the domestic market. Young and potted plants developed by the division have made successful entry into Australia and Denmark. Apart from tea, the company exported spices as also nontraditional items such as rubber and tissue culture.During the year, the company had taken up management contracts for two companies in Srilanka to improve the agricultural practices and manufacturing processes.The company introduced a new brand of premium Assam tea under the trade name of Spencers. During the year 2004, the Schemes of Arrangement and Amalgamation drawn up for the overall restructuring of the Companys operations were approved by the Shareholders providing for the transfer and vesting of the Rubber Undertaking of the Company into CEAT Ltd and Scheme of Amalgamation of the wholly owned subsidiaries of the Company viz., Harrisons Agro Products Ltd., Harrisons Malayalam Financial Services Ltd., and Harrisons Rubber Products Ltd. with the Company. Besides, the Companys Rubber Estates (Boyce) in Idukki District, Kerala was sold as going concern for a total consideration of Rs.33.30 Crores, which got completed in April, 2004. During year 200910, through the Composite Scheme of Arrangement, all wholly owned subsidiaries, Harrisons Malayalam Financial Services Limited (HMFSL), Harrisons Rubber Products Limited (HRPL), and Harrisons AgroProducts Limited (HAPL) were amalgamated with the Company effective April 1, 2009. In terms of the said Scheme, the Investment Undertaking vesting in the Company was transferred to new entity, Sentinel Tea and Exports Limited (STEL).In 2012, Enchanting Plantations Limited (EPL) and Harmony Plantations Limited (HPL) were incorporated during February 2012. As at March 31, 2022 the Company had 3 wholly owned subsidiary companies, namely Enchanting Plantations Limited (EPL) Harmony Plantations Limited (HPL) and Malayalam Plantations Limited. During the year 2022, the entire shares (Comprising of 50,000 equity shares of 10/ each) of the subsidiary, Malayalam Plantations Limited (MPL) was acquired by Company from Enchanting Plantations Limited thus making it a only wholly owned subsidiary of the Company.
What is the current share price of Harrisons Malayalam Ltd today on both NSE and BSE?
Harrisons Malayalam Ltd shares are currently priced at 190.55 on NSE and 190.6 on BSE as of 5/17/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Harrisons Malayalam Ltd [HARRMALAYA] shares performed in the past ?
The past 1-year return of Harrisons Malayalam Ltd [HARRMALAYA] share was 52.86. The Harrisons Malayalam Ltd [HARRMALAYA] share hit a 1-year low of Rs. 118.5 and a 1-year high of Rs. 216.
What is the market cap of Harrisons Malayalam Ltd [HARRMALAYA] ?
The market cap of Harrisons Malayalam Ltd is Rs. 351.76 Cr. as of 5/17/2024 12:00:00 AM.
What is the current P/E ratio of Harrisons Malayalam Ltd [HARRMALAYA] share price ?
The PE ratios of Harrisons Malayalam Ltd is 130.55 as of 5/17/2024 12:00:00 AM.
What is the current PB ratio of Harrisons Malayalam Ltd [HARRMALAYA] share price ?
The PB ratios of Harrisons Malayalam Ltd is 2.35 as of 5/17/2024 12:00:00 AM
What is the Mutual Fund shareholding in Harrisons Malayalam Ltd?
The Mutual Fund Shareholding was 0.04% at the end of 5/17/2024 12:00:00 AM.
How can I buy Harrisons Malayalam Ltd shares?
You can easily buy Harrisons Malayalam Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.