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Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Shradha Infraprojects Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 21, 2024, 9:29 pm

Market Cap 381 Cr.
Current Price 188
High / Low206/48.5
Stock P/E17.6
Book Value 48.8
Dividend Yield0.53 %
ROCE8.62 %
ROE18.6 %
Face Value 5.00
PEG Ratio0.31

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Shradha Infraprojects Ltd

Competitors of Shradha Infraprojects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IITL Projects Ltd 25.2 Cr. 50.467.2/15.07.79 70.70.00 %%% 10.0
HB Estate Developers Ltd 177 Cr. 90.8125/41.023.8 80.10.00 %7.00 %2.39 % 10.0
Hazoor Multi Projects Ltd 1,143 Cr. 58.063.9/13.713.6 19.50.52 %%% 1.00
Gyan Developers & Builders Ltd 6.78 Cr. 22.633.8/6.74 12.70.00 %4.02 %3.75 % 10.0
GG Dandekar Properties Ltd 54.6 Cr. 115163/87.4 96.90.00 %1.27 %9.45 % 1.00
Industry Average17,689.00 Cr270.9431.94129.970.16%24.93%17.75%22.76

All Competitor Stocks of Shradha Infraprojects Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales0.410.000.381.110.310.220.3144.7645.1421.5230.8327.7830.32
Expenses0.590.240.621.270.680.500.5335.8441.3218.5826.2422.7221.16
Operating Profit-0.18-0.24-0.24-0.16-0.37-0.28-0.228.923.822.944.595.069.16
OPM %-43.90%-63.16%-14.41%-119.35%-127.27%-70.97%19.93%8.46%13.66%14.89%18.21%30.21%
Other Income0.840.671.020.600.580.510.814.930.830.510.520.535.02
Interest-0.060.000.010.000.000.000.06-0.030.010.010.010.120.02
Depreciation0.030.030.030.040.040.030.05-0.020.060.100.100.113.14
Profit before tax0.690.400.740.400.170.200.4813.904.583.345.005.3611.02
Tax %13.04%10.00%9.46%22.50%17.65%15.00%10.42%25.11%28.82%25.15%29.00%10.26%16.88%
Net Profit0.600.360.670.300.140.160.4310.413.262.503.554.829.15
EPS in Rs0.260.170.340.150.070.080.225.161.561.241.672.254.05

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales2739111031290110
Expenses1637893237889
Operating Profit11231-0-1-11222
OPM %42%5%24%9%-12%-65%-56%14%20%
Other Income133433377
Interest000000000
Depreciation000000003
Profit before tax125553221925
Tax %27%13%20%29%28%23%14%25%19%
Net Profit95432211420
EPS in Rs14.287.381.821.690.990.830.737.019.21
Dividend Payout %0%0%0%14%0%0%0%18%11%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-44.44%-20.00%-25.00%-33.33%0.00%-50.00%1300.00%42.86%
Change in YoY Net Profit Growth (%)0.00%24.44%-5.00%-8.33%33.33%-50.00%1350.00%-1257.14%

Shradha Infraprojects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:61%
3 Years:345%
TTM:-30%
Compounded Profit Growth
10 Years:%
5 Years:41%
3 Years:112%
TTM:11%
Stock Price CAGR
10 Years:%
5 Years:60%
3 Years:95%
1 Year:283%
Return on Equity
10 Years:%
5 Years:9%
3 Years:13%
Last Year:19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:40 pm

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital0.290.291010101010101010
Reserves44344251525051638289
Borrowings0926100115146179155152163
Other Liabilities34162933311218234528
Total Liabilities7859107193208218259252288290
Fixed Assets271212121299153849
CWIP0000247890
Investments2211112222
Other Assets494594180193204241226238240
Total Assets7859107193208218259252288290

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +144-4-2-22-14-393425
Cash from Investing Activity +1017-3-1-1-3-7-21
Cash from Financing Activity +-3-3-23231433-26-4
Net Cash Flow12111-20-0-900

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow11.00-7.00-23.00-99.00-115.00-147.00-180.00-143.00-130.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days95211030931362572
Inventory Days3984,2527,25423,871639,480
Days Payable13625642,887
Cash Conversion Cycle92674,2717,25923,837636,6871362572
Working Capital Days511192,2995,45420,85853,01044,867813637
ROCE %10%8%3%2%1%1%6%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.95%74.95%74.95%74.94%74.94%74.94%74.94%74.94%74.94%74.94%74.94%74.94%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%
Public25.05%25.05%25.05%25.05%25.06%25.06%25.06%25.06%25.04%25.06%25.06%25.06%
No. of Shareholders1,0202,0992,1812,0151,4701,7462,1922,5445,5915,1326,2565,405

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.0010.0010.0010.00
Basic EPS (Rs.)9.207.011.451.671.98
Diluted EPS (Rs.)9.207.011.451.671.98
Cash EPS (Rs.)11.597.111.591.782.22
Book Value[Excl.RevalReserv]/Share (Rs.)46.0236.3860.6159.2760.44
Book Value[Incl.RevalReserv]/Share (Rs.)46.0236.3860.6159.2763.97
Revenue From Operations / Share (Rs.)54.5444.651.781.243.12
PBDIT / Share (Rs.)13.989.541.842.363.15
PBIT / Share (Rs.)12.289.481.702.253.02
PBT / Share (Rs.)12.219.461.682.172.88
Net Profit / Share (Rs.)9.897.041.451.672.08
NP After MI And SOA / Share (Rs.)9.217.011.451.662.13
PBDIT Margin (%)25.6321.36103.40190.52100.94
PBIT Margin (%)22.5121.2295.54181.6096.64
PBT Margin (%)22.3721.1794.23175.5092.24
Net Profit Margin (%)18.1215.7781.74135.3866.66
NP After MI And SOA Margin (%)16.8815.6981.73134.2868.00
Return on Networth / Equity (%)20.3119.282.392.793.51
Return on Capital Employeed (%)19.0017.581.922.733.46
Return On Assets (%)6.475.640.560.770.98
Long Term Debt / Equity (X)0.380.470.440.100.09
Total Debt / Equity (X)1.652.102.922.151.98
Asset Turnover Ratio (%)0.400.350.010.000.00
Current Ratio (X)1.511.581.421.511.56
Quick Ratio (X)0.210.100.020.080.10
Dividend Payout Ratio (NP) (%)2.7114.267.870.0035.18
Dividend Payout Ratio (CP) (%)2.2914.147.180.0033.09
Earning Retention Ratio (%)97.2985.7492.130.0064.82
Cash Earning Retention Ratio (%)97.7185.8692.820.0066.91
Interest Coverage Ratio (X)191.85458.8179.0031.2022.91
Interest Coverage Ratio (Post Tax) (X)136.62339.8163.4523.1716.13
Enterprise Value (Cr.)282.64227.24230.43178.96143.12
EV / Net Operating Revenue (X)2.562.51127.92142.9747.50
EV / EBITDA (X)9.9811.76123.7075.0447.05
MarketCap / Net Operating Revenue (X)1.200.8129.3434.747.36
Retention Ratios (%)97.2885.7392.120.0064.81
Price / BV (X)1.451.010.860.720.38
Price / Net Operating Revenue (X)1.200.8129.3434.757.36
EarningsYield0.140.190.020.030.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Shradha Infraprojects Ltd as of November 21, 2024 is: 160.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Shradha Infraprojects Ltd is Overvalued by 14.57% compared to the current share price 188.00

Intrinsic Value of Shradha Infraprojects Ltd as of November 21, 2024 is: 250.88

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Shradha Infraprojects Ltd is Undervalued by 33.45% compared to the current share price 188.00

Last 5 Year EPS CAGR: 56.22%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (32.56 cr) and profit (8.67 cr) over the years.
  1. The stock has a low average ROCE of 4.44%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 193.78, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 131.00, which may not be favorable.
  4. The company has higher borrowings (104.50) compared to reserves (55.80), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Shradha Infraprojects Ltd:
    1. Net Profit Margin: 18.12%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 19% (Industry Average ROCE: 22.95%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.31% (Industry Average ROE: 14.65%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 136.62
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.21
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 17.6 (Industry average Stock P/E: 23.32)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.65
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Shradha Infraprojects Ltd. is a Public Limited Listed company incorporated on 29/09/2017 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45200MH1997PLC110971 and registration number is 110971. Currently Company is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company’s Total Operating Revenue is Rs. 0.70 Cr. and Equity Capital is Rs. 10.12 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringShradha House, Near Shri Mohini Complex, Nagpur Maharashtra 440001investorinfo@shradhainfra.in
http://www.shradhainfra.in
Management
NamePosition Held
Mr. Satish WateChairman & Ind.Dire (Non-Exe)
Mr. Nitesh SanklechaManaging Director & CFO
Mr. Shreyas RaisoniWhole Time Director
Mr. Ravindra Singh SinghviInd. Non-Executive Director
Mrs. Asha SampathInd. Non-Executive Director
Mr. Chandrakant WaikarNon Exe.Non Ind.Director

FAQ

What is the latest intrinsic value of Shradha Infraprojects Ltd?

The latest intrinsic value of Shradha Infraprojects Ltd as on 21 November 2024 is ₹160.60, which is 14.57% lower than the current market price of ₹188.00.

What is the Market Cap of Shradha Infraprojects Ltd?

The Market Cap of Shradha Infraprojects Ltd is 381 Cr..

What is the current Stock Price of Shradha Infraprojects Ltd as on 21 November 2024?

The current stock price of Shradha Infraprojects Ltd as on 21 November 2024 is ₹188.

What is the High / Low of Shradha Infraprojects Ltd stocks in FY 2024?

In FY 2024, the High / Low of Shradha Infraprojects Ltd stocks is 206/48.5.

What is the Stock P/E of Shradha Infraprojects Ltd?

The Stock P/E of Shradha Infraprojects Ltd is 17.6.

What is the Book Value of Shradha Infraprojects Ltd?

The Book Value of Shradha Infraprojects Ltd is 48.8.

What is the Dividend Yield of Shradha Infraprojects Ltd?

The Dividend Yield of Shradha Infraprojects Ltd is 0.53 %.

What is the ROCE of Shradha Infraprojects Ltd?

The ROCE of Shradha Infraprojects Ltd is 8.62 %.

What is the ROE of Shradha Infraprojects Ltd?

The ROE of Shradha Infraprojects Ltd is 18.6 %.

What is the Face Value of Shradha Infraprojects Ltd?

The Face Value of Shradha Infraprojects Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shradha Infraprojects Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE