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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shree Rama Multi-Tech Ltd

About the Company - Shree Rama Multi-Tech Ltd

Shree Rama Multi-Tech Ltd. is a Public Limited Listed company incorporated on 17/12/1993 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L25200GJ1993PLC020880 and registration number is 020880. Currently Company is involved in the business activities of Manufacture of other plastics products. Company’s Total Operating Revenue is Rs. 150.31 Cr. and Equity Capital is Rs. 31.76 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & Containers18, Corporate House, Opp. Dinesh Hall, Ahmedabad Gujarat 380009cslegal@srmtl.com
http://www.srmtl.com
Management
NamePosition Held
Mr. Mittal K PatelChairman
Mr. Shailesh K DesaiManaging Director
Mr. Hemal R ShahWhole Time Director
Mr. Shalin S PatelIndependent Director
Mr. Pathik C ShahIndependent Director
Mrs. Vandana C PatelNon Executive Director

Shree Rama Multi-Tech Ltd. Share Price Update

Share PriceValue
Today₹29.84
Previous Day₹31.30

Basic Stock Data of Shree Rama Multi-Tech Ltd

Market Cap 394 Cr.
Current Price 29.5
High / Low35.5/7.16
Stock P/E37.9
Book Value 7.28
Dividend Yield0.00 %
ROCE7.93 %
ROE18.6 %
Face Value 5.00

Data Source: screener.in

Competitors of Shree Rama Multi-Tech Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Uflex Ltd 3,139 Cr. 435500/32593.1 9990.69 %10.4 %8.26 % 10.0
Radha Madhav Corporation Ltd 18.3 Cr. 2.003.33/1.1514.8 0.130.00 %178 %% 10.0
VIP Industries Ltd 7,946 Cr. 560723/51380.6 50.40.80 %27.8 %29.0 % 2.00
Time Technoplast Ltd 4,982 Cr. 220227/69.417.7 1040.55 %13.1 %10.0 % 1.00
Manaksia Ltd 751 Cr. 115194/99.16.93 1195.24 %16.0 %9.25 % 2.00
Industry Average156.66 Cr266.442.63254.511.46%49.06%11.3%5

Shree Rama Multi-Tech Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales35.8135.6537.7735.3337.1440.3337.5148.2252.0348.9747.0543.8543.77
Expenses32.3931.6435.6033.5438.4839.3636.9845.1649.9545.1241.5240.7239.98
Operating Profit3.424.012.171.79-1.340.970.533.062.083.855.533.133.79
OPM %9.55%11.25%5.75%5.07%-3.61%2.41%1.41%6.35%4.00%7.86%11.75%7.14%8.66%
Other Income0.070.040.070.050.080.36-0.060.000.000.020.100.550.46
Interest0.200.200.130.100.110.200.240.270.400.420.340.350.26
Depreciation2.091.821.931.691.651.701.611.511.541.551.511.381.43
Profit before tax1.202.030.180.05-3.02-0.57-1.381.280.141.903.781.952.56
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%107.89%0.00%0.00%0.00%
Net Profit1.202.030.180.05-3.03-0.57-1.381.280.14-0.153.781.952.56
EPS in Rs0.090.150.010.00-0.23-0.04-0.100.100.01-0.010.280.150.19

Shree Rama Multi-Tech Ltd Quarterly Chart

Shree Rama Multi-Tech Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7285105108107121122117131136150196184
Expenses64781449992107112109114124148182167
Operating Profit97-3991514118171221516
OPM %12%8%-37%8%14%12%9%7%13%9%1%7%9%
Other Income11-810731511050001
Interest2566775431111
Depreciation24222116141211998766
Profit before tax-6-2840-119-4-4-4113-5710
Tax %107%29%17%24%-20%40%37%32%-97%0%0%29%
Net Profit0-2033-811-2-3-3213-558
EPS in Rs0.26-0.370.380.61
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Shree Rama Multi-Tech Ltd Profit & Loss Yearly Chart

Shree Rama Multi-Tech Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:10%
3 Years:14%
TTM:-5%
Compounded Profit Growth
10 Years:10%
5 Years:32%
3 Years:-31%
TTM:9555%
Stock Price CAGR
10 Years:24%
5 Years:45%
3 Years:61%
1 Year:233%
Return on Equity
10 Years:%
5 Years:17%
3 Years:5%
Last Year:19%

Shree Rama Multi-Tech Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital32323232323232323232323267
Reserves-168-63-30-31-21-23-25-28-7-4-7-230
Preference Capital777700777777
Borrowings296163155146132124101987163737611
Other Liabilities85803937282932432525282818
Total Liabilities244212196184172161140145121116126133127
Fixed Assets178148126109978978756760545049
CWIP0001310000000
Investments0000000000000
Other Assets66647074727162695456728477
Total Assets244212196184172161140145121116126133127

Shree Rama Multi-Tech Ltd Reserves and Borrowings Chart

Shree Rama Multi-Tech Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4101516817913151-113
Cash from Investing Activity -4-20-24-110-713-12-4
Cash from Financing Activity -8-12-13-4-14-16-20-6-28092
Net Cash Flow-8-429-20-1-00-001

Shree Rama Multi-Tech Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days645861608079787252636870
Inventory Days193184151132149114115146138101120100
Days Payable335432445758517866564840
Cash Conversion Cycle223187180149172135142140125107140130
Working Capital Days1441271321111327488846593109107
ROCE %-7%-8%-3%-3%2%2%0%-1%8%4%-4%8%

Shree Rama Multi-Tech Ltd Financial Efficiency Indicators Chart

Shree Rama Multi-Tech Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters42.51%42.51%42.51%42.51%42.51%42.51%42.51%42.51%42.51%42.51%61.57%61.57%
Public57.49%57.49%57.49%57.49%57.49%57.49%57.48%57.49%57.49%57.48%38.42%38.43%
No. of Shareholders17,80518,96219,45519,98221,96922,44021,82121,37821,35122,05423,04522,298

Shree Rama Multi-Tech Ltd Shareholding Pattern Chart

No. of Shree Rama Multi-Tech Ltd Shareholders

This stock is not held by any mutual fund

Shree Rama Multi-Tech Ltd ROCE Trend

Shree Rama Multi-Tech Ltd EPS Trend

Shree Rama Multi-Tech Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)0.79-0.780.543.32-0.48
Diluted EPS (Rs.)0.79-0.780.543.32-0.48
Cash EPS (Rs.)1.760.271.754.720.94
Book Value[Excl.RevalReserv]/Share (Rs.)4.683.704.453.880.53
Book Value[Incl.RevalReserv]/Share (Rs.)4.683.704.453.880.53
Revenue From Operations / Share (Rs.)30.9023.6621.3820.6018.47
PBDIT / Share (Rs.)2.300.371.892.721.32
PBIT / Share (Rs.)1.34-0.670.671.31-0.09
PBT / Share (Rs.)1.12-0.770.541.69-0.69
Net Profit / Share (Rs.)0.79-0.770.543.31-0.47
PBDIT Margin (%)7.451.588.8313.217.17
PBIT Margin (%)4.34-2.833.176.36-0.52
PBT Margin (%)3.61-3.272.528.18-3.78
Net Profit Margin (%)2.57-3.272.5216.09-2.57
Return on Networth / Equity (%)16.95-20.9412.1485.43-88.79
Return on Capital Employeed (%)8.43-4.494.328.66-0.63
Return On Assets (%)3.77-3.952.9617.42-2.09
Long Term Debt / Equity (X)2.082.632.422.7723.51
Total Debt / Equity (X)2.543.092.462.7827.41
Asset Turnover Ratio (%)1.521.251.150.980.82
Current Ratio (X)2.452.243.222.031.29
Quick Ratio (X)1.371.141.891.020.74
Inventory Turnover Ratio (X)3.683.963.192.582.84
Interest Coverage Ratio (X)10.193.6313.605.842.20
Interest Coverage Ratio (Post Tax) (X)4.51-6.504.896.310.21
Enterprise Value (Cr.)136.27162.67130.7389.17131.28
EV / Net Operating Revenue (X)0.691.080.960.681.12
EV / EBITDA (X)9.3168.2210.905.1615.60
MarketCap / Net Operating Revenue (X)0.280.550.460.170.32
Price / BV (X)1.853.552.250.9311.13
Price / Net Operating Revenue (X)0.280.550.460.170.32
EarningsYield0.09-0.050.050.91-0.07

Shree Rama Multi-Tech Ltd Profitability Ratios (%)

Shree Rama Multi-Tech Ltd Liquidity Ratios

Shree Rama Multi-Tech Ltd Liquidity Ratios (%)

Shree Rama Multi-Tech Ltd Interest Coverage Ratios (X)

Shree Rama Multi-Tech Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shree Rama Multi-Tech Ltd

Fair Value: ₹52.35

The stock is undervalued by 77.44% compared to the current price ₹29.5

*Investments are subject to market risks

Strength and Weakness of Shree Rama Multi-Tech Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (125.69 cr) and profit (1.38 cr) over the years.
  1. The stock has a low average ROCE of -0.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 105.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 152.50, which may not be favorable.
  4. The company has higher borrowings (5.38) compared to reserves (-29.15), which may suggest financial risk.

Should I Buy Shree Rama Multi-Tech Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shree Rama Multi-Tech Ltd:
    1. Net Profit Margin: 2.57%
      • 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: 8.43% (Industry Average ROCE: 41.13%)
      • 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. Interest Coverage Ratio (Post Tax): 4.51
      • 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.
    4. Quick Ratio: 1.37
      • 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.
    5. ✓ Stock P/E: 37.9 (Industry average Stock P/E: 142.76)
      • 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.
    6. ✗ Total Debt / Equity: 2.54
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Shree Rama Multi-Tech 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