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Harischandra Mills Plc (Sri Lanka)

Main Activities: Seasoning and Dressing Manufacturing | Soap, Cleaning Compound, and Toilet Preparation Manufacturing
Full name: Harischandra Mills Plc Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Harischandra Mills Plc is a company located in Matara, Sri Lanka. It was incorporated under the Companies Ordinance Act in 1953 and debuted on the Colombo Stock Exchange in 1983. The company was founded in 1943 by C. A. Harischandra, a local entrepreneur and philanthropist, with the aim of providing quality food products to Sri Lankans. The business initially started with the milling of rice, kurakkan, and chillies, and later expanded to include coconut oil, rubber, paddy, and timber mills. Over the years, Harischandra Mills Plc has introduced a wide range of food products and non-food categories, including kurakkan flour, coffee, spices, soap, noodles, and papadams. The company is known for its philanthropic efforts, including transferring 40% of shares among employees and establishing the Harischandra Mills Provident Fund Association. Today, Harischandra Mills Plc is a well-known household brand in Sri Lanka, offering a diverse selection of products that cater to the needs of all Sri Lankans. Their product range includes instant products for traditional dishes, essential flours, papadams, gingelly rolls, noodles, coffee, and bar soaps. The company continues to fulfill its founder's vision of supplying quality food products and soaps to every Sri Lankan home.

Headquarters
No.11,C.A. Harischandra Mawatha
Matara; Southern Province;

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Website: http://www.harischandramills.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1953
Key Executives
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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26.55%
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0.17%
Subsidiaries
Harischandra Mills (Distributors) Limited
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency LKR. Absolute financial data is included in the purchased report.
Net sales revenue
0.63%
Total operating revenue
0.58%
Operating profit (EBIT)
531.83%
EBITDA
531.83%
Net Profit (Loss) for the Period
389.61%
Total assets
3.12%
Total equity
12.59%
Operating Profit Margin (ROS)
5.07%
Net Profit Margin
3.84%
Return on Equity (ROE)
10.14%
Debt to Equity Ratio
-12.48%
Quick Ratio
0.99%
Cash Ratio
0.28%

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