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

Fundamental Analysis of Shreyans Industries Ltd

About the Company - Shreyans Industries Ltd

Shreyans Industries Ltd. is a Public Limited Listed company incorporated on 11/06/1979 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L17115PB1979PLC003994 and registration number is 003994. Currently company belongs to the Industry of Paper & Paper Products. Company’s Total Operating Revenue is Rs. 584.43 Cr. and Equity Capital is Rs. 13.82 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Paper & Paper ProductsVillage - Bholapur, P.O. Sahabana, Ludhiana Punjab 141123atl@shreyansgroup.com
http://www.shreyansgroup.com
Management
NamePosition Held
Mr. Rajneesh OswalChairman & Managing Director
Mr. Vishal OswalVice Chairman & Mng.Director
Mr. Krishan SethiIndependent Director
Mr. Kunal OswalWhole Time Director
Dr. Pratibha GoyalIndependent Director
Dr. Prem KumarIndependent Director
Mr. Ravinder KumarIndependent Director

Shreyans Industries Ltd. Share Price Update

Share PriceValue
Today₹251.00
Previous Day₹250.30

Basic Stock Data of Shreyans Industries Ltd

Market Cap 348 Cr.
Current Price 252
High / Low318/130
Stock P/E3.61
Book Value 251
Dividend Yield0.99 %
ROCE31.0 %
ROE27.4 %
Face Value 10.0

Data Source: screener.in

Competitors of Shreyans Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Star Paper Mills Ltd 393 Cr. 252288/1425.63 3981.39 %16.8 %13.1 % 10.0
Malu Paper Mills Ltd 86.4 Cr. 50.769.9/25.3 3.850.00 %4.25 %88.5 % 10.0
Astron Paper & Board Mill Ltd 141 Cr. 30.240.9/18.1 33.50.00 %9.37 %14.0 % 10.0
Pudumjee Paper Products Ltd 696 Cr. 73.284.0/34.09.73 44.50.68 %18.4 %15.4 % 1.00
Orient Paper & Industries Ltd 1,052 Cr. 49.659.8/34.416.8 75.22.01 %8.09 %5.84 % 1.00
Industry Average263.48 Cr91.146.43111.010.82%11.38%27.37%6.4

Shreyans Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales7992119135119152178196212229228188171
Expenses8198111124118157175182182200196149147
Operating Profit-2-78111-53143129323924
OPM %-2%-7%7%8%1%-3%2%7%14%13%14%21%14%
Other Income48435111201286
Interest1222211211111
Depreciation3333333333333
Profit before tax-2-371011-0122726304326
Tax %-17%-22%-12%5%52%13%-867%29%22%21%19%25%23%
Net Profit-2-48911-182120243220
EPS in Rs-1.34-3.065.846.600.430.81-0.646.0715.0314.5817.4523.1314.24

Shreyans Industries Ltd Quarterly Chart

Shreyans Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales276343402368389420464574540366584866816
Expenses258318366345366363407494499361574759692
Operating Profit172636222457578042510107124
OPM %6%7%9%6%6%14%12%14%8%1%2%12%15%
Other Income23160-44662020616
Interest6767666655554
Depreciation9109778991111131313
Profit before tax4112214113946703391294123
Tax %39%32%42%29%21%35%32%33%2%7%17%22%
Net Profit2813109253147329107396
EPS in Rs1.655.639.147.096.2718.1622.5533.9623.126.357.2053.1469.40
Dividend Payout %0%18%13%17%19%8%8%15%13%47%28%9%

Shreyans Industries Ltd Profit & Loss Yearly Chart

Shreyans Industries Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:13%
3 Years:17%
TTM:-7%
Compounded Profit Growth
10 Years:25%
5 Years:18%
3 Years:32%
TTM:99%
Stock Price CAGR
10 Years:27%
5 Years:14%
3 Years:46%
1 Year:65%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:13%
Last Year:27%

Shreyans Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14141414141414141414141414
Reserves5561717885111141184202212218288332
Borrowings50394744554146325866614245
Other Liabilities7580979193104109115108107138138138
Total Liabilities193194229226247270310345382398431482530
Fixed Assets113110112122138148169175173215219215212
CWIP433693734216955
Investments0131718184346677285102158201
Other Assets766796808276871009682102105113
Total Assets193194229226247270310345382398431482530

Shreyans Industries Ltd Reserves and Borrowings Chart

Shreyans Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 113916301954335053142090
Cash from Investing Activity -20-20-16-18-24-34-32-27-62-16-6-63
Cash from Financing Activity 10-181-115-21-2-2391-14-28
Net Cash Flow1110-1-0-0-00-000

Shreyans Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days352738283321312519262015
Inventory Days815264594750545660795843
Days Payable947885736959726166878143
Cash Conversion Cycle22-01615111213211317-216
Working Capital Days13-21345-8-05-3-5-9-3
ROCE %9%16%23%14%12%33%29%35%15%5%6%31%

Shreyans Industries Ltd Financial Efficiency Indicators Chart

Shreyans Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters50.53%50.53%50.53%50.53%50.53%50.53%50.53%50.53%50.53%50.53%50.53%50.53%
FIIs0.02%0.02%0.00%0.08%0.16%0.00%0.13%0.17%0.09%0.69%0.27%0.24%
DIIs1.15%0.67%0.67%0.01%0.20%0.12%0.02%0.02%0.02%0.02%0.02%0.22%
Public48.31%48.78%48.80%49.38%49.11%49.35%49.32%49.28%49.37%48.76%49.19%49.00%
No. of Shareholders16,81718,88119,77119,37819,32118,12816,87315,45315,13917,09216,62017,336

Shreyans Industries Ltd Shareholding Pattern Chart

No. of Shreyans Industries Ltd Shareholders

This stock is not held by any mutual fund

Shreyans Industries Ltd ROCE Trend

Shreyans Industries Ltd EPS Trend

Shreyans Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)53.147.206.3523.1233.96
Diluted EPS (Rs.)53.147.206.3523.1233.96
Cash EPS (Rs.)62.6616.4714.3630.7340.75
Book Value[Excl.RevalReserv]/Share (Rs.)218.37167.71163.61156.30143.38
Book Value[Incl.RevalReserv]/Share (Rs.)218.37167.71163.61156.30143.38
Dividend / Share (Rs.)5.002.003.003.005.00
Revenue From Operations / Share (Rs.)626.08422.75265.06390.83415.13
PBDIT / Share (Rs.)81.2122.2918.7834.4962.38
PBIT / Share (Rs.)71.6913.0310.7726.8755.59
PBT / Share (Rs.)67.808.676.8123.5450.98
Net Profit / Share (Rs.)53.137.206.3523.1233.96
PBDIT Margin (%)12.975.277.088.8215.02
PBIT Margin (%)11.453.084.066.8713.39
PBT Margin (%)10.822.052.576.0212.28
Net Profit Margin (%)8.481.702.395.918.18
Return on Networth / Equity (%)24.334.293.8814.7923.68
Return on Capital Employeed (%)28.726.315.2213.4030.55
Return On Assets (%)15.222.302.208.3513.62
Long Term Debt / Equity (X)0.010.080.110.130.07
Total Debt / Equity (X)0.130.250.220.230.13
Asset Turnover Ratio (%)1.891.410.931.491.75
Current Ratio (X)1.841.291.421.471.69
Quick Ratio (X)1.470.941.071.061.24
Inventory Turnover Ratio (X)8.507.104.386.156.76
Dividend Payout Ratio (NP) (%)3.7641.650.0034.605.30
Dividend Payout Ratio (CP) (%)3.1918.210.0026.024.41
Earning Retention Ratio (%)96.2458.350.0065.4094.70
Cash Earning Retention Ratio (%)96.8181.790.0073.9895.59
Interest Coverage Ratio (X)20.865.124.7510.3513.54
Interest Coverage Ratio (Post Tax) (X)14.652.652.617.948.37
Enterprise Value (Cr.)231.73218.73185.60134.92231.63
EV / Net Operating Revenue (X)0.260.370.500.240.40
EV / EBITDA (X)2.067.107.152.832.69
MarketCap / Net Operating Revenue (X)0.220.280.380.160.36
Retention Ratios (%)96.2358.340.0065.3994.69
Price / BV (X)0.650.700.610.411.05
Price / Net Operating Revenue (X)0.220.280.380.160.36
EarningsYield0.370.060.060.350.22

Shreyans Industries Ltd Profitability Ratios (%)

Shreyans Industries Ltd Liquidity Ratios

Shreyans Industries Ltd Liquidity Ratios (%)

Shreyans Industries Ltd Interest Coverage Ratios (X)

Shreyans Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shreyans Industries Ltd

Fair Value: ₹250.73

The stock is overvalued by 0.50% compared to the current price ₹252

*Investments are subject to market risks

Strength and Weakness of Shreyans Industries Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 19.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 0.83, which is a positive sign.
  3. The company has higher reserves (156.77 cr) compared to borrowings (48.15 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (492.92 cr) and profit (37.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 43.83 and average Dividend Yield of 7.77%.
  2. The stock has a high average Cash Conversion Cycle of 12.83, which may not be favorable.

Should I Buy Shreyans Industries Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Shreyans Industries Ltd:
    1. Net Profit Margin: 8.48% (Higher values are generally favorable)
      • 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: 28.72% (Industry Average ROCE: 21.82%)
      • 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): 14.65 (Higher values, preferably > 2, are recommended)
      • 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: 1.47 (Higher values, preferably > 1, are recommended)
      • 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: 3.60 (Industry average Stock P/E: 6.98)
      • 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: 0.13 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

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 Shreyans Industries 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