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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shrenik Ltd

About the Company - Shrenik Ltd

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. 63.82 Cr. and Equity Capital is Rs. 61.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Paper & Paper Products505-508, TEN/11, Ahmedabad Gujarat 380009info@shrenik.co.in
https://www.shrenikltd.com
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. Shalin KusumgarIndependent Director

Shrenik Ltd. Share Price Update

Share PriceValue
Today₹1.15
Previous Day₹1.10

Basic Stock Data of Shrenik Ltd

Market Cap 64.3 Cr.
Current Price 1.05
High / Low1.70/0.85
Stock P/E
Book Value 0.96
Dividend Yield0.00 %
ROCE1.56 %
ROE0.35 %
Face Value 1.00

Data Source: screener.in

Competitors of Shrenik Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Satia Industries Ltd 1,303 Cr. 130155/1015.95 85.30.76 %20.3 %30.0 % 1.00
Shreyans Industries Ltd 348 Cr. 252318/1303.60 2510.98 %31.0 %27.4 % 10.0
Ruchira Papers Ltd 400 Cr. 134164/91.15.85 1383.76 %24.0 %19.7 % 10.0
Star Paper Mills Ltd 383 Cr. 245288/1425.46 3981.41 %16.8 %13.1 % 10.0
Genus Paper & Boards Ltd 587 Cr. 22.828.5/12.2208 18.80.00 %1.00 %2.48 % 1.00
Industry Average343.8 Cr156.7645.77178.221.38%18.62%18.54%6.4

Shrenik Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales45.2683.4634.149.278.7311.6712.0013.7310.8312.008.609.1510.45
Expenses42.6683.6534.638.095.7211.6910.2711.2839.7568.79117.82-93.7010.29
Operating Profit2.60-0.19-0.491.183.01-0.021.732.45-28.92-56.79-109.22102.850.16
OPM %5.74%-0.23%-1.44%12.73%34.48%-0.17%14.42%17.84%-267.04%-473.25%-1,270.00%1,124.04%1.53%
Other Income0.503.100.140.020.020.070.000.0030.0655.6362.02-55.630.00
Interest4.384.122.886.564.014.250.700.570.661.570.150.160.14
Depreciation0.480.050.240.210.210.210.200.18-0.010.170.100.100.10
Profit before tax-1.76-1.26-3.47-5.57-1.19-4.410.831.700.49-2.90-47.4546.96-0.08
Tax %23.30%-6.35%0.00%0.00%0.00%5.90%0.00%0.00%0.00%4.14%0.00%0.00%0.00%
Net Profit-1.36-1.34-3.47-5.58-1.19-4.140.831.700.48-2.78-47.4546.96-0.08
EPS in Rs-0.02-0.02-0.06-0.09-0.02-0.070.010.030.01-0.05-0.780.77-0.00

Shrenik Ltd Quarterly Chart

Shrenik Ltd Profit & Loss

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales54.21213.09265.72329.23427.58593.17836.50795.53363.6763.8248.5640.20
Expenses52.26204.41256.03318.30413.85571.73806.99762.15349.5360.09130.09103.20
Operating Profit1.958.689.6910.9313.7321.4429.5133.3814.143.73-81.53-63.00
OPM %3.60%4.07%3.65%3.32%3.21%3.61%3.53%4.20%3.89%5.84%-167.90%-156.72%
Other Income0.040.19-0.020.240.360.791.321.284.650.2685.6962.02
Interest1.807.357.906.357.299.4612.9916.7218.6317.773.512.02
Depreciation0.020.090.250.290.330.700.772.351.600.880.540.47
Profit before tax0.171.431.524.536.4712.0717.0715.59-1.44-14.660.11-3.47
Tax %47.06%32.87%32.24%35.10%35.24%35.21%36.26%27.71%-3.47%1.84%-109.09%
Net Profit0.100.961.032.944.187.8210.8811.26-1.48-14.390.23-3.35
EPS in Rs0.010.050.060.070.090.130.180.18-0.02-0.240.00-0.06
Dividend Payout %0.00%31.25%0.00%0.00%0.00%26.09%18.75%18.12%-413.51%0.00%0.00%

Shrenik Ltd Profit & Loss Yearly Chart

Shrenik Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-39%
3 Years:-61%
TTM:-17%
Compounded Profit Growth
10 Years:8%
5 Years:-52%
3 Years:-73%
TTM:-319%
Stock Price CAGR
10 Years:%
5 Years:-41%
3 Years:-30%
1 Year:0%
Return on Equity
10 Years:6%
5 Years:2%
3 Years:-8%
Last Year:0%

Shrenik Ltd Balance Sheet

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6.006.006.0015.0015.0020.4020.4020.4061.2061.2061.2061.20
Reserves0.100.712.098.6313.0634.6943.1855.2812.34-1.97-1.74-2.23
Borrowings40.8955.0659.6063.5092.95123.61164.99174.19175.81197.88146.42142.45
Other Liabilities4.2010.9912.5526.2725.9926.7968.8283.45104.16101.8257.7257.95
Total Liabilities51.1972.7680.24113.40147.00205.49297.39333.32353.51358.93263.60259.37
Fixed Assets1.531.541.992.943.425.656.5712.169.602.892.061.81
CWIP0.000.000.000.000.590.004.920.000.000.000.000.00
Investments0.520.520.520.520.000.000.000.000.000.000.000.00
Other Assets49.1470.7077.73109.94142.99199.84285.90321.16343.91356.04261.54257.56
Total Assets51.1972.7680.24113.40147.00205.49297.39333.32353.51358.93263.60259.37

Shrenik Ltd Reserves and Borrowings Chart

Shrenik Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -41.26-7.265.96-7.45-13.09-47.14-18.1010.4526.87-7.6646.85
Cash from Investing Activity -2.030.04-0.56-1.00-10.252.32-7.52-0.293.326.601.97
Cash from Financing Activity 44.936.60-3.108.1022.1743.4126.63-7.70-32.46-0.49-48.83
Net Cash Flow1.64-0.632.30-0.36-1.18-1.401.012.47-2.27-1.55-0.01

Shrenik Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days110.5651.9957.6153.4441.5233.4953.0058.68143.91879.841,021.19
Inventory Days213.0167.6643.1766.0368.5986.7668.9990.14478.87
Days Payable27.4617.8416.1627.8813.4412.6423.3533.79222.17
Cash Conversion Cycle296.10101.8084.6291.5896.67107.6198.64115.02143.91879.841,277.88
Working Capital Days281.2496.4081.1583.8491.2299.3788.81104.83233.461,430.321,512.77
ROCE %16.15%14.80%14.06%13.29%14.43%14.89%13.51%6.94%1.24%1.56%

Shrenik Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Shrenik Ltd ROCE Trend

Shrenik Ltd EPS Trend

Shrenik Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.002.002.00
Basic EPS (Rs.)0.00-0.23-0.021.141.09
Diluted EPS (Rs.)0.00-0.23-0.021.141.09
Cash EPS (Rs.)0.01-0.220.001.030.90
Book Value[Excl.RevalReserv]/Share (Rs.)0.970.961.207.316.23
Book Value[Incl.RevalReserv]/Share (Rs.)0.970.961.207.316.23
Dividend / Share (Rs.)0.000.000.000.200.20
Revenue From Operations / Share (Rs.)0.791.045.9478.0082.04
PBDIT / Share (Rs.)0.060.060.293.062.74
PBIT / Share (Rs.)0.050.050.262.942.66
PBT / Share (Rs.)0.00-0.23-0.021.331.44
Net Profit / Share (Rs.)0.00-0.23-0.020.900.83
PBDIT Margin (%)8.516.194.943.913.33
PBIT Margin (%)7.404.824.503.763.24
PBT Margin (%)0.23-22.96-0.391.701.75
Net Profit Margin (%)0.47-22.54-0.401.161.01
Return on Networth / Equity (%)0.38-24.29-2.0112.4113.34
Return on Capital Employeed (%)5.532.7915.2624.8826.66
Return On Assets (%)0.08-4.00-0.412.782.85
Long Term Debt / Equity (X)0.090.850.450.610.60
Total Debt / Equity (X)2.453.332.362.312.52
Asset Turnover Ratio (%)0.150.171.062.533.33
Current Ratio (X)1.311.421.381.491.42
Quick Ratio (X)0.750.640.590.630.66
Inventory Turnover Ratio (X)0.300.301.924.625.72
Dividend Payout Ratio (NP) (%)0.000.00-137.420.000.00
Dividend Payout Ratio (CP) (%)0.000.001842.900.000.00
Earning Retention Ratio (%)0.000.00237.420.000.00
Cash Earning Retention Ratio (%)0.000.00-1742.900.000.00
Interest Coverage Ratio (X)1.180.221.021.902.24
Interest Coverage Ratio (Post Tax) (X)1.060.180.921.571.68
Enterprise Value (Cr.)201.00347.29285.58301.42898.38
EV / Net Operating Revenue (X)4.145.440.780.371.07
EV / EBITDA (X)48.5987.8015.899.6732.15
MarketCap / Net Operating Revenue (X)1.132.350.310.160.88
Retention Ratios (%)0.000.00237.420.000.00
Price / BV (X)0.922.531.541.7811.63
Price / Net Operating Revenue (X)1.132.350.310.160.88
EarningsYield0.00-0.09-0.010.060.01

Shrenik Ltd Profitability Ratios (%)

Shrenik Ltd Liquidity Ratios

Shrenik Ltd Liquidity Ratios (%)

Shrenik Ltd Interest Coverage Ratios (X)

Shrenik Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shrenik Ltd

Fair Value: ₹0.05

The stock is overvalued by 95.10% compared to the current price ₹1.05

*Investments are subject to market risks

Strength and Weakness of Shrenik Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 1.24 and average Dividend Yield of 4.74%.
  2. The company has shown consistent growth in sales (335.94 cr) and profit (3.28 cr) over the years.
  1. The stock has a low average ROCE of 10.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 105.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 183.34, which may not be favorable.
  4. The company has higher borrowings (119.78) compared to reserves (13.68), which may suggest financial risk.

Should I Buy Shrenik Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shrenik Ltd:
    1. Net Profit Margin: 0.47%
      • 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: 5.53% (Industry Average ROCE: 29.54%)
      • 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): 1.06
      • 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: 0.75
      • 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 of N/A (Industry average Stock P/E: 6.71)
      • 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: 2.45
      • 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 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