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Last Updated: April 2, 2026, 3:40 am
Author: Getaka|Social: XLinkedIn

Shrenik Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹6.31Undervalued by 1,560.53%vs CMP ₹0.38

P/E (17.9) × ROE (15.0%) × BV (₹2.88) × DY (2.00%)

Defaults: ROE=15%

₹3.10Undervalued by 715.79%vs CMP ₹0.38
MoS: +87.7% (Strong)Confidence: 33/100 (Low)Models: 2 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹6.6141%Under (+1639.5%)
Graham NumberEarnings₹1.1431%Under (+200%)
Earnings YieldEarnings₹0.2016%Over (-47.4%)
Revenue MultipleRevenue₹0.1512%Over (-60.5%)
Consensus (4 models)₹3.10100%Undervalued
Key Drivers: Wide model spread (₹0–₹7) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.7% · Defaults: ROE=15%

*Investments are subject to market risks

Investment Snapshot

46
Shrenik Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health22/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E 2.36 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 25.4% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-81% → -362%) DecliningWorking capital: -3,486 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): +54% YoY AcceleratingOPM: 11.6% (up 19.4% YoY) Margin expansion
Industry Rank40/100 · Moderate
P/E 17.9 vs industry 25.3 In-line3Y sales CAGR: -34% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Shrenik Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 17.9 vs Ind 25.3 | ROCE 0.0% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 2.36x | IntCov 0.0x | Current 1.38x | Borrow/Reserve N/A
Cash Flow Reliability
100/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹0 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom 0.00 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +1.9% | Q NP +386.4% | Q OPM +9.6 pp
Derived FieldValueHow it is derived
Valuation Gap %+715.8%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change0Latest shareholder count minus previous count
Quarterly Sales Change+1.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+386.4%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+9.6 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:40 am

Market Cap 23.3 Cr.
Current Price 0.38
Intrinsic Value₹3.10
High / Low 0.77/0.36
Stock P/E17.9
Book Value 2.88
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 1.00
PEG Ratio3.78

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

View Share Price Target for Shrenik Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Shrenik Ltd 23.3 Cr. 0.38 0.77/0.3617.9 2.880.00 %%% 1.00
Seshasayee Paper & Boards Ltd (SESHAPAPER) 1,604 Cr. 254 324/21219.2 3200.98 %7.04 %5.60 % 2.00
West Coast Paper Mills Ltd 2,877 Cr. 434 583/37520.2 5361.15 %11.5 %9.49 % 2.00
Kuantum Papers Ltd 603 Cr. 69.1 135/65.011.2 1384.34 %11.4 %10.1 % 1.00
Emami Paper Mills Ltd 373 Cr. 61.7 123/55.010.5 96.22.59 %6.58 %4.80 % 2.00
Industry Average694.36 Cr69.4125.25107.280.86%9.32%134.80%6.50

All Competitor Stocks of Shrenik Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 10.8312.008.609.1510.455.993.244.844.654.755.839.029.19
Expenses 39.7568.79117.82-93.7010.29248.793.545.005.014.806.298.848.12
Operating Profit -28.92-56.79-109.22102.850.16-242.80-0.30-0.16-0.36-0.05-0.460.181.07
OPM % -267.04%-473.25%-1,270.00%1,124.04%1.53%-4,053.42%-9.26%-3.31%-7.74%-1.05%-7.89%2.00%11.64%
Other Income 30.0655.6362.02-55.630.007.860.150.210.290.130.390.040.00
Interest 0.661.570.150.160.140.000.000.000.000.000.000.000.00
Depreciation -0.010.170.100.100.100.000.000.000.000.000.000.000.00
Profit before tax 0.49-2.90-47.4546.96-0.08-234.94-0.150.05-0.070.08-0.070.221.07
Tax % 0.00%-4.14%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit 0.48-2.78-47.4546.96-0.08-234.94-0.150.05-0.070.08-0.070.221.07
EPS in Rs 0.01-0.05-0.780.77-0.00-3.84-0.000.00-0.000.00-0.000.000.02

Last Updated: March 3, 2026, 2:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 7:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 213.09265.72329.23427.58593.17836.50795.53363.6763.8248.5634.1518.1028.79
Expenses 204.41256.03318.30413.85571.73806.99762.15349.5360.09130.09281.1618.2928.05
Operating Profit 8.689.6910.9313.7321.4429.5133.3814.143.73-81.53-247.01-0.190.74
OPM % 4.07%3.65%3.32%3.21%3.61%3.53%4.20%3.89%5.84%-167.90%-723.31%-1.05%2.57%
Other Income 0.19-0.020.240.360.791.321.284.650.2685.6912.610.160.56
Interest 7.357.906.357.299.4612.9916.7218.6317.773.510.800.060.00
Depreciation 0.090.250.290.330.700.772.351.600.880.540.310.000.00
Profit before tax 1.431.524.536.4712.0717.0715.59-1.44-14.660.11-235.51-0.091.30
Tax % 32.87%32.24%35.10%35.24%35.21%36.26%27.71%3.47%-1.84%-109.09%0.00%0.00%
Net Profit 0.961.032.944.187.8210.8811.26-1.48-14.390.23-235.51-0.091.30
EPS in Rs 0.050.060.070.090.130.180.18-0.02-0.240.00-3.85-0.000.02
Dividend Payout % 31.25%0.00%0.00%0.00%26.09%18.75%18.12%-413.51%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)7.29%185.44%42.18%87.08%39.13%3.49%-113.14%-872.30%101.60%-102495.65%99.96%
Change in YoY Net Profit Growth (%)0.00%178.15%-143.26%44.90%-47.95%-35.64%-116.64%-759.15%973.90%-102597.25%102595.61%

Shrenik Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-24%
5 Years:-53%
3 Years:-34%
TTM:-30%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:26%
TTM:100%
Stock Price CAGR
10 Years:%
5 Years:-42%
3 Years:-36%
1 Year:-41%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: September 5, 2025, 1:31 pm

Balance Sheet

Last Updated: December 10, 2025, 3:24 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6.006.0015.0015.0020.4020.4020.4061.2061.2061.2061.2061.2061.20
Reserves 0.712.098.6313.0634.6943.1855.2812.34-1.97-1.74-237.25-237.34-237.19
Borrowings 55.0659.6063.5092.95123.61164.99174.19175.81197.88146.42124.65123.46123.94
Other Liabilities 10.9912.5526.2725.9926.7968.8283.45104.16101.8257.7254.2554.2755.76
Total Liabilities 72.7680.24113.40147.00205.49297.39333.32353.51358.93263.602.851.593.71
Fixed Assets 1.541.992.943.425.656.5712.169.602.892.060.010.010.01
CWIP 0.000.000.000.590.004.920.000.000.000.000.000.000.00
Investments 0.520.520.520.000.000.000.000.000.000.000.000.000.00
Other Assets 70.7077.73109.94142.99199.84285.90321.16343.91356.04261.542.841.583.70
Total Assets 72.7680.24113.40147.00205.49297.39333.32353.51358.93263.602.851.593.71

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -7.265.96-7.45-13.09-47.14-18.1010.4526.87-7.6646.8520.83-0.79
Cash from Investing Activity + 0.04-0.56-1.00-10.252.32-7.52-0.293.326.601.972.300.04
Cash from Financing Activity + 6.60-3.108.1022.1743.4126.63-7.70-32.46-0.49-48.83-22.14-0.15
Net Cash Flow -0.632.30-0.36-1.18-1.401.012.47-2.27-1.55-0.010.99-0.90
Free Cash Flow -7.365.27-8.69-14.03-49.35-24.658.5228.05-1.7847.2322.28-0.79
CFO/OP -78%67%-54%-79%-200%-38%44%190%-206%-57%-8%416%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-46.38-49.91-52.57-79.22-102.17-135.48-140.81-161.67-194.15-227.95-371.66-123.65

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 51.9957.6153.4441.5233.4953.0058.68143.91879.841,021.193.312.22
Inventory Days 67.6643.1766.0368.5986.7668.9990.14478.870.000.00
Days Payable 17.8416.1627.8813.4412.6423.3533.79222.17
Cash Conversion Cycle 101.8084.6291.5896.67107.6198.64115.02143.91879.841,277.883.312.22
Working Capital Days 44.7720.1530.4740.8851.4935.6046.5692.41591.82456.70-1,855.35-3,486.05
ROCE %16.15%14.80%14.06%13.29%14.43%14.89%13.51%6.94%1.24%1.56%-303.50%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters 45.29%44.42%42.07%39.42%36.30%33.00%30.72%30.72%29.34%25.80%25.38%25.38%
DIIs 0.00%0.00%0.00%0.00%0.05%0.00%0.00%0.00%0.00%0.05%0.00%0.00%
Public 54.71%55.58%57.93%60.58%63.65%67.00%69.28%69.28%70.66%74.15%74.62%74.62%
No. of Shareholders 1,14,3061,10,2231,08,0051,08,0051,06,5531,12,7101,14,8001,14,8001,39,6081,52,9721,55,9461,55,946

Shareholding Pattern Chart

No. of Shareholders

Shrenik Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.00-3.850.00-0.23-0.02
Diluted EPS (Rs.) 0.00-3.850.00-0.23-0.02
Cash EPS (Rs.) 0.00-3.840.01-0.220.00
Book Value[Excl.RevalReserv]/Share (Rs.) -2.88-2.880.970.961.20
Book Value[Incl.RevalReserv]/Share (Rs.) -2.88-2.880.970.961.20
Revenue From Operations / Share (Rs.) 0.290.550.791.045.94
PBDIT / Share (Rs.) 0.00-3.840.060.060.29
PBIT / Share (Rs.) 0.00-3.840.050.050.26
PBT / Share (Rs.) 0.00-3.850.00-0.23-0.02
Net Profit / Share (Rs.) 0.00-3.850.00-0.23-0.02
PBDIT Margin (%) -0.16-686.528.516.194.94
PBIT Margin (%) -0.16-687.427.404.824.50
PBT Margin (%) -0.49-688.740.23-22.96-0.39
Net Profit Margin (%) -0.49-688.740.47-22.54-0.40
Return on Networth / Equity (%) 0.000.000.38-24.29-2.01
Return on Capital Employeed (%) 0.01137.245.532.7915.26
Return On Assets (%) -5.63-8247.300.08-4.00-0.41
Long Term Debt / Equity (X) -0.02-0.020.090.850.45
Total Debt / Equity (X) -0.70-0.702.453.332.36
Asset Turnover Ratio (%) 8.150.250.150.171.06
Current Ratio (X) 0.000.011.311.421.38
Quick Ratio (X) 0.000.010.750.640.59
Inventory Turnover Ratio (X) 0.000.600.300.301.92
Dividend Payout Ratio (NP) (%) 0.000.000.000.00-137.42
Dividend Payout Ratio (CP) (%) 0.000.000.000.001842.90
Earning Retention Ratio (%) 0.000.000.000.00237.42
Cash Earning Retention Ratio (%) 0.000.000.000.00-1742.90
Interest Coverage Ratio (X) -0.50-522.541.180.221.02
Interest Coverage Ratio (Post Tax) (X) -0.50-523.231.060.180.92
Enterprise Value (Cr.) 158.25178.32201.00347.29285.58
EV / Net Operating Revenue (X) 8.745.214.145.440.78
EV / EBITDA (X) -5310.42-0.7548.5987.8015.89
MarketCap / Net Operating Revenue (X) 1.931.611.132.350.31
Retention Ratios (%) 0.000.000.000.00237.42
Price / BV (X) -0.19-0.310.922.531.54
Price / Net Operating Revenue (X) 1.931.611.132.350.31
EarningsYield 0.00-4.280.00-0.09-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Shrenik Ltd. is a Public Limited Listed company incorporated on 20/12/2012 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L51396GJ2012PLC073061 and registration number is 073061. Currently Company is involved in the business activities of Wholesale of paper in bulk. Company's Total Operating Revenue is Rs. 18.10 Cr. and Equity Capital is Rs. 61.20 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Paper & Paper Products10th Floor-1009, Shivalik Shilp, Iscon Cross Road, Ahmedabad Gujarat 380015Contact not found
Management
NamePosition Held
Mr. Shrenik VimawalaChairman & Managing Director
Mr. Rishit VimawalaWhole Time Director
Mr. Kaivan VimawalaWhole Time Director
Mrs. Jalpika JoshiIndependent Director
Mr. Devarsh ShahIndependent Director
Mr. Nirav Harshvadan ZaveriIndependent Director

FAQ

What is the intrinsic value of Shrenik Ltd and is it undervalued?

As of 05 April 2026, Shrenik Ltd's intrinsic value is ₹3.10, which is 715.79% higher than the current market price of ₹0.38, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹2.88), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Shrenik Ltd?

Shrenik Ltd is trading at ₹0.38 as of 05 April 2026, with a FY2026-2027 high of ₹0.77 and low of ₹0.36. The stock is currently near its 52-week low. Market cap stands at ₹23.3 Cr..

How does Shrenik Ltd's P/E ratio compare to its industry?

Shrenik Ltd has a P/E ratio of 17.9, which is below the industry average of 25.25. This is broadly in line with or below the industry average.

Is Shrenik Ltd financially healthy?

Key indicators for Shrenik Ltd: ROCE of % is on the lower side compared to the industry average of 9.32%; ROE of % is below ideal levels (industry average: 134.80%). Dividend yield is 0.00 %.

Is Shrenik Ltd profitable and how is the profit trend?

Shrenik Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹18 Cr. Compared to ₹-14 Cr in Mar 2022, the net profit shows a mixed trend.

Does Shrenik Ltd pay dividends?

Shrenik Ltd has a dividend yield of 0.00 % at the current price of ₹0.38. The company is currently not paying meaningful dividends.

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 Shrenik 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
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