The following is a list of Malayalam films released in the year 1987.
| Opening | Film | Cast | Director | Music Director | Notes | ||
|---|---|---|---|---|---|---|---|
| J A N | 2 | Janangalude Shradhakku | Beypore Mani | Beypore Mani | |||
| 3 | Ezhuthapurangal | ||||||
| 9 | Amme Bhagavathi | ||||||
| Neela Kurinji Poothappol | |||||||
| 16 | Kathakku Pinnil | Mammootty, Devi Lalitha | |||||
| Kurukkan Rajavayi | |||||||
| 23 | January Oru Orma | Mohanlal, Karthika | |||||
| Amrutham Gamaya | |||||||
| 24 | Kottum Kuravayum | ||||||
| F E B | 7 | Swargam | Unni Aranmula | Gopan | |||
| Oru Sindoora Pottinte Ormaykku | |||||||
| 12 | Sreedharante Onnam Thirumurivu | ||||||
| Ithrayum Kaalam | |||||||
| Theertham | |||||||
| Vilambaram | |||||||
| 18 | Yaagagni | ||||||
| Ivide Ellavarkkum Sukham | |||||||
| Jaithra Yaathra | |||||||
| 20 | Aalippazhangal | Ramachandran Pillai | Darsan Raman | ||||
| M A R | 2 | Oru Minnaminunginte Nurunguvettam | |||||
| 10 | Kaalathinte Sabhdam | Asha Khan | |||||
| 13 | Manja Manthrangal | A. Chandrasekharan | |||||
| 17 | Sruthi | ||||||
| 19 | Penn Simham | Guna Singh | |||||
| 20 | Verukal Thedi | Madhavi, Vishnuvardhan | Somasekharan | Sathyam | |||
| Neeyethra Dhanya | |||||||
| Ithente Neethi | |||||||
| Neeyallengil Njan | |||||||
| 21 | Thoranam | Joseph Madappally | |||||
| 27 | Dheeran | ||||||
| A P R | 9 | Kaala Rathri | |||||
| Rithubhedam | |||||||
| Nombarathi Poovu | |||||||
| 10 | Adimakal Udamakal | ||||||
| 14 | Kanikanum Neram | Sunitha, Nedumudi Venu, Ratheesh, Vineeth, Saritha | |||||
| 16 | Idanazhiyil Oru Kaalocha | ||||||
| 21 | Sarvakalashala | ||||||
| M A Y | 6 | Nadodikkattu | |||||
| 8 | Athinumappuram | ||||||
| 15 | Itha Samayamayi | ||||||
| Irupatham Noottandu | |||||||
| 22 | Vrutham | ||||||
| P.C. 369 | K. P. N. Pillai | ||||||
| 29 | Ajantha | Manoj Babu | Joy Anand | ||||
| Oridathu | |||||||
| Kaalam Maari Kadha Maari | M. Krishnan Nair | ||||||
| J U N | 5 | Ponnu | |||||
| 7 | Jungle Boy | ||||||
| 8 | Cheppu | ||||||
| 11 | Varshangal Poyathariyathe | Mohan Roop | |||||
| 19 | Bhoomiyile Rajakkanmar | ||||||
| Vamban | Hassan | ||||||
| 25 | Kilippattu | ||||||
| J U L | 4 | Four Plus Four | Jacob Breeze | Guna Singh | |||
| Unnikale Oru Kadha Parayam | |||||||
| Aids | V. P. Mohammed | ||||||
| 12 | Aattakatha | ||||||
| Jaalakam | |||||||
| 24 | Nirabhedhangal | ||||||
| New Delhi | |||||||
| 31 | Thoovanathumbikal | ||||||
| A U G | 4 | Ivare Sookshikkuka | Mohan Roop | Guna Singh | |||
| 5 | Uppu | Saratchandra Marathe | |||||
| 6 | Agni Muhurtham | Soman | |||||
| 14 | Thaniyavarthanam | ||||||
| Kaiyethum Doorathu | |||||||
| 21 | Theekattu | Joseph Vattoli | Murali Sithara | ||||
| 28 | Naradhan Keralathil | ||||||
| Vaiki Odunna Vandi | Nalini | P. K. Radhakrishnan | |||||
| Vazhiyorakazchakal | |||||||
| S E P | 4 | Avalude Katha | Jayadevan | ||||
| Swathi Thirunal | |||||||
| Manivathoorile Aayiram Sivarathrikal | |||||||
| Achuvettante Veedu | Vidyadharan | ||||||
| Veendum Lisa | |||||||
| Aankiliyude Tharattu | |||||||
| 6 | Ee Nootandile Maha Rogam | ||||||
| O C T | 1 | Anantharam | |||||
| N O V | 2 | Samarappanam | Vijay Anand | Vijay Anand | |||
| 27 | Oru Maymasa Pulariyil | V. R. Gopinath | |||||
| Naalkavala | |||||||
| D E C | 25 | Onnaam Maanam Poomaanam | Sandhya Mohan | ||||
| Aadyarathrikku Munbu | |||||||
| Chanthayil Choodi Vilkkunna Pennu | |||||||
| Manasa Maine Varu | |||||||
| Ellaavarkkum Nanmakal | |||||||
| Mangalya Charthu |
| film | Direction | Story | Screenplay | Main actors | |
|---|---|---|---|---|---|
| Aadhyate Anubhavam | Kashinath | ||||
| Anga Kalari | Muralidharan | ||||
| Ladies Tailor | Vamshi | ||||
| Pushpaka Vimanam | Singitham Srinivasa Rao | ||||
| Swaralayam | K. Viswanath | ||||
| Criminals | |||||
| Njanum Neeyum | Hariharan | ||||
| Mrugashaalayil | Rajan–Nagendra |