EquityLK

Harischandra Mills PLC

HARI.N0000Moderately overvalued

Consumer & Retail · Food: Major Diversified

Harischandra Mills PLC is a Sri Lanka-based manufacturer and distributor of oils, food products and soaps, with additional operations in fuels and lubricants.

HARI shares are up 11.6% over the past year and last closed at Rs 5,010.00 on Sep 30, 2026.

Rs 5,010.00
+0.00%
Price history
+11.63%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+13.4-3.5-6.4-2.9+17.2-7.8-7.6+0.0+0.2+0.0+0.0+0.0
2025-0.6+3.0+0.0+0.0-1.3+3.7+1.3+14.2-0.3+55.6-9.8-20.2
2024+0.0+0.0+0.0+0.0+13.8-1.1+0.0+0.0+0.0+0.0-0.6+2.5
2023+0.0+0.0-5.0+0.0+0.0-7.0+10.7-9.7+0.0+0.0-3.6+0.0
2022-1.0+3.4+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+10.0
2021-11.1+0.2+0.0+0.0+0.0+0.0-7.5+18.3-0.1+5.2+0.0+0.0
2020+0.0-8.2+1.4+0.0+0.0+0.0+0.0+0.0+0.0+8.3+21.1+95.7
2019+0.0+0.0+0.0-0.1+5.4+0.0+0.0-3.0-5.5-6.4+11.7+0.0
2018+0.0+0.0+0.0+17.9-23.6+0.0+0.0+0.0+0.0+0.0+0.0+0.0
2017-14.0+30.2+0.0+0.0+18.0-40.6-16.1+6.9-6.8+2.9+14.5+0.0
2016+8.3+0.2+0.0+0.0-4.1+0.0+0.0+0.0-1.8+0.0+0.0+0.0
2015+0.0+0.0+0.0+0.0+0.0+0.0+0.0+9.5-2.2+0.0+0.0+2.2
2014+0.3-1.2+4.8+0.0+0.0-0.9+7.3-10.0+0.7+4.7-3.8+0.0
2013-5.7-16.4+21.4-3.6-8.8-8.6+5.0+9.5-0.1-6.4-0.1-1.3
2012+0.0+0.0+0.0+0.0+0.0+8.8-2.0+14.8-17.5-0.6+0.0+0.0
Average-1.3+0.9+3.2+2.3+2.1-6.7-1.1+5.1-3.3+7.9+3.7+14.8
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median-0.8+0.2+1.4-0.1+2.0-4.0-0.3+8.2-1.0+3.8-0.4+2.3
% up38%56%60%20%50%25%50%60%20%63%38%67%
P/E
27.5
P/B
4.69
EPS
Rs 182.27
Div Yield
1.46%
Market Cap
Rs 9.6B
Beta
-0.30
ROE
17.1%
Op Margin
5.5% (+2.5pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 6.7B
+6.5%
Rs 6.3B
+0.3%
Rs 6.3B
-2.5%
Rs 6.5B
+41.1%
Rs 4.6B
+29.7%
Rs 3.5B
-3.3%
Rs 3.7B
+0.7%
Rs 3.6B
+14.1%
Operating profit
Rs 375.0M
+18.2%
Rs 317.4M
+2.5%
Rs 309.8M
+162.3%
Rs 118.1M
-54.9%
Rs 261.8M
+52.2%
Rs 172.0M
-18.4%
Rs 210.8M
-3.9%
Rs 219.5M
+16.0%
Net profit
Rs 295.3M
+16.7%
Rs 253.1M
+12.6%
Rs 224.7M
+149.1%
Rs 90.2M
-56.9%
Rs 209.4M
+18.4%
Rs 176.9M
+19.3%
Rs 148.3M
-14.2%
Rs 172.8M
+40.7%
EPS
153.82
+16.7%
131.83
+12.6%
117.04
+149.1%
46.99
-56.9%
109.09
+18.4%
92.14
+19.3%
77.25
-14.2%
90.02
+40.7%

Compared with the same period a year earlier.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2026 · finalRs 73.00
  • 2025 · finalRs 40.00
  • 2025 · first interimRs 40.00
  • 2024 · finalRs 40.00
  • 2024 · first interimRs 40.00
  • 2023 · finalRs 20.00
  • 2023 · first interimRs 20.00
  • 2022Rs 30.00
Peer comparison6 peers in Consumer & Retail
Sector overview Open in screener
1Harischandra Mills PLC
HARI.N0000 · this company
Rs 5,010.00
P/E
27.5
P/B
4.69
ROE
17.05%
Yield
1.46%
2Renuka Foods Plc
COCO.N0000
Rs 22.20
P/E
13.7
P/B
1.24
ROE
8.73%
Yield
0.85%
3Convenience Foods Lanka PLC
SOY.N0000
Rs 1,952.00
P/E
7.4
P/B
1.30
ROE
17.56%
Yield
0.41%
4Raigam Wayamba Salterns Plc
RWSL.N0000
Rs 17.90
P/E
17.7
P/B
1.51
ROE
8.50%
Yield
2.79%
5Keells Food Products PLC
KFP.N0000
Rs 161.25
P/E
17.2
P/B
1.93
ROE
11.26%
Yield
2.91%
6Maharaja Foods Plc
MFPE.N0000
Rs 14.70
P/E
54.4
P/B
4.50
ROE
8.55%
Yield
1.33%
7Tess Agro PLC
TESS.N0000
Rs 1.80
P/E
34.2
P/B
2.69
ROE
5.81%
Yield
0.00%
Peer median · 6 companies
P/E 17.5P/B 1.72Yield 1.09%

About Harischandra Mills PLC

Harischandra Mills PLC is a Sri Lanka-based manufacturer and distributor of oils, food products and soaps, with additional operations in fuels and lubricants. The company operates production and processing facilities including a Coffee Processing and Production facility in Udukawa and a retail outlet and office in Borella. Its principal activities are organised across food, fuel & lubricant and soap businesses. The company sells products through supermarkets, dealers, retailers and its own Harischandra outlets, reaching both local and international markets. Harischandra Mills also pursues sustainability and community initiatives, including rooftop solar installations at Udukawa and Borella and CSR programs focused on health and education in communities around its operations.

Consumer Staples (FMCG)

AI analysis

bearish

The evidence points bearish because HARI trades at 4.69 times book despite thin liquidity and a moderately overvalued market-wide band. The counterweight is that June-quarter profit rose 147% as margins improved.

Read the full report (Sep 24, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Not enough news to read

2 articles in 30 days: 1 positive, 0 negative, 1 neutral.

24 months positive negative 3-month net
Jul 25: 3 articles, net -0.33Oct 25: 9 articles, net +0.55Nov 25: 2 articles, net +0.17Jan 26: 6 articles, net +0.17Mar 26: 3 articles, net -0.67Apr 26: 2 articles, net +0.50Jul 26: 2 articles, net +0.67Aug 26: 3 articles, net +1.00Sep 26: 2 articles, net +0.50Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Sep 29, 2026·Management or board changePositive
Revantha Devasurendra joins Harischandra Mills Board

Harischandra Mills PLC appointed Revantha Devasurendra to its Board as a Non-Executive, Non-Independent Director. Devasurendra is an experienced investor and board member with roles at Dankotuwa Porcelain and Colombo City Holdings and experience across food service, hospitality and technology.

EconomyNext·Sep 24, 2026·Market commentary
Sri Lanka stocks close down on cautious trading; turnover at Rs1.3bn

Colombo Stock Exchange closed marginally down with the ASPI slipping 0.09% to 21,066.89 on turnover of Rs1.31bn. Institutional crossings supported positions in PickMe, Access Engineering, Dipped Products and Sampath Bank, while Harischandra Mills appointed a new chair effective Sep 23, 2026.

EconomyNext·Sep 24, 2026·Market commentary
Sri Lanka shares close down on cautious trading; turnover at Rs1.3bn

Colombo Stock Exchange closed marginally down, the ASPI fell 0.09% to 21,066.89 with market turnover at Rs1.31 billion. Institutional crossings were seen in PickMe, Access Engineering, Dipped Products and Sampath Bank; notable contributors included Carson Cumberbatch, Commercial Bank, Hayleys and Lion Brewery, and Harischandra Mills appointed a new chairperson.

Daily FT·Aug 21, 2026·Market commentaryPositive
CSE dips after early rally to close in red

The Colombo market fell for a fourth straight session as the ASPI closed down 0.05% (10.95 pts) at 21,405.62 with turnover over Rs.1.5bn and foreign net outflows of Rs.24.8m. SAMP, BREW, BUKI, JKH and CDB weighed on the index while MELS, SPEN, DIAL, CFIN and HARI were among gainers; banking led turnover.

Ada Derana·Aug 1, 2026·Earnings & resultsPositive
Harischandra Mills PLC Reports Impressive 1QFY27 Performance with PAT Growth of 147%

Harischandra Mills PLC reported 1QFY27 PAT of LKR 91.8m, up 147% y/y, on revenue of LKR 1.9bn (up 31%) and expanded gross margin to 18%. Management attributed the result to easing raw material costs, volume growth and operational efficiencies; Food segment revenue rose 22% and segment operating profit was LKR 83.2m.

Consumer Staples (FMCG)
Daily FT·Aug 1, 2026·Earnings & resultsPositive
Harischandra Mills reports impressive 1Q performance with PAT growth of 147%

Harischandra Mills PLC reported 1QFY27 PAT of Rs.91.8 million, up 147% YoY. Revenue rose 31% to Rs.1.9 billion and gross margin expanded to 18%, driven by easing raw material costs, volume growth and operational efficiencies led by the Food segment.

Consumer Staples (FMCG)
Daily FT·Jul 22, 2026·Market commentaryNegative
Mixed investor sentiments at Colombo stock market

ASPI fell 0.29% to 21,145.73 while the S&P SL20 rose 0.03% to 5,945.01; turnover exceeded Rs.3.2bn with foreign net inflow of Rs.79.8mn and a Rs.2.3bn crossing in Cargills driving volume. Negative contributors included CINS, COMB, RICH, CARS and HARI; Melstacorp, NTB and HNB were also active.

Consumer Staples (FMCG)

Consumer & Retail sector: what is happening

Last 14 days to Sep 30, 2026

Consumer retail faced pressure from accelerating food, transport and housing inflation, with petrol a major contributor to the rise in national prices and purchasing power weakened by higher energy costs and tax hikes. Wholesale and retail activity nevertheless helped drive faster services-sector expansion in August. Specialist retail also consolidated as Blink International acquired Wrist Lab, combining retail, distribution and after-sales networks.

The stories behind it

Auto-generated from 8 sector news articles over 14 days. Not investment advice.