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Last Updated: January 20, 2026, 10:01 pm
Author: Getaka|Social: XLinkedIn

Shri Ram Switchgears Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹40.76Undervalued by 546.98%vs CMP ₹6.30

P/E (15.0) × ROE (15.0%) × BV (₹22.20) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹40.76Undervalued by 546.98%vs CMP ₹6.30
MoS: +84.5% (Strong)Confidence: 78/100 (High)Models: All 1: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹40.76100%Under (+547%)
Consensus (1 models)₹40.76100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.0% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

36
Shri Ram Switchgears Ltd scores 36/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health30/100 · Weak
ROCE 4.1% WeakROE 0.0% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Earnings Quality30/100 · Weak
OPM contracting (-54% → -197%) DecliningWorking capital: 3,539 days Capital intensive
Quarterly Momentum50/100 · Moderate
Industry Rank30/100 · Weak
ROCE 4.1% vs industry 11.7% Below peers3Y sales CAGR: -51% 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.

Shri Ram Switchgears 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 0.0 vs Ind 127.0 | ROCE 4.1% | ROE 0.0% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 0.00x | Borrow/Reserve N/A
Cash Flow Reliability
71/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-4 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom N/A
Business Momentum
0
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP N/A | Q OPM N/A
Derived FieldValueHow it is derived
Valuation Gap %+547.0%((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 ChangeN/ALatest DII% minus previous DII%
Promoter ChangeN/ALatest promoter% minus previous promoter%
Shareholder Count ChangeN/ALatest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit ChangeN/ALatest quarter net profit vs previous quarter net profit
Quarterly OPM ChangeN/ALatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: January 20, 2026, 10:01 pm

Market Cap Cr.
Current Price 6.30
Intrinsic Value₹40.76
High / Low /
Stock P/E
Book Value 22.2
Dividend Yield0.00 %
ROCE4.07 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Shri Ram Switchgears Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Hitachi Energy India Ltd 1,11,721 Cr. 25,065 26,325/10,400127 1,0280.02 %19.4 %13.8 % 2.00
Shri Ram Switchgears Ltd Cr. 6.30 / 22.20.00 %4.07 %% 10.0
Industry Average111,721.00 Cr12,535.65127.00525.100.01%11.74%13.80%6.00

All Competitor Stocks of Shri Ram Switchgears Ltd

Quarterly Result

Metric
Sales
Expenses
Operating Profit
OPM %
Other Income
Interest
Depreciation
Profit before tax
Tax %
Net Profit
EPS in Rs

Last Updated: February 28, 2025, 5:09 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:52 pm

MetricMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales 26.6821.3238.8952.8945.3768.3851.1226.8120.767.834.022.47
Expenses 26.1118.0335.7848.8041.7657.7939.9019.1817.9717.3917.264.05
Operating Profit 0.573.293.114.093.6110.5911.227.632.79-9.56-13.24-1.58
OPM % 2.14%15.43%8.00%7.73%7.96%15.49%21.95%28.46%13.44%-122.09%-329.35%-63.97%
Other Income 0.490.700.331.512.680.680.590.760.580.210.250.35
Interest 1.822.632.673.503.987.147.637.055.866.783.512.30
Depreciation 0.260.160.160.271.030.850.720.570.490.400.320.27
Profit before tax -1.021.200.611.831.283.283.460.77-2.98-16.53-16.82-3.80
Tax % -3.92%5.00%31.15%33.88%32.81%35.67%34.97%-1.30%-0.34%1.69%0.00%1.84%
Net Profit -0.981.140.421.210.852.112.250.77-2.97-16.81-16.83-3.87
EPS in Rs -3.454.021.262.481.742.872.250.77-2.97-16.79-16.81-3.87
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)216.33%-63.16%188.10%-29.75%148.24%6.64%-65.78%-485.71%-465.99%-0.12%77.01%
Change in YoY Net Profit Growth (%)0.00%-279.48%251.25%-217.85%177.99%-141.60%-72.41%-419.94%19.72%465.87%77.12%

Shri Ram Switchgears Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-19%
5 Years:-45%
3 Years:-51%
TTM:-50%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-9%
TTM:80%
Stock Price CAGR
10 Years:%
5 Years:-6%
3 Years:11%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

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

Balance Sheet

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital 2.842.843.344.884.897.3410.0110.0110.0110.0110.0110.01
Reserves 1.401.541.963.684.273.828.479.256.27-10.54-27.37-31.23
Borrowings 12.8715.3819.1118.8731.6838.3936.6738.6543.7849.1855.4862.72
Other Liabilities 8.2012.0927.4734.8630.1832.4229.5231.0923.8818.2211.9512.11
Total Liabilities 25.3131.8551.8862.2971.0281.9784.6789.0083.9466.8750.0753.61
Fixed Assets 0.791.211.755.794.714.123.452.882.612.211.671.40
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.030.030.030.030.030.000.000.000.000.000.000.00
Other Assets 24.4930.6150.1056.4766.2877.8581.2286.1281.3364.6648.4052.21
Total Assets 25.3131.8551.8862.2971.0281.9784.6789.0083.9466.8750.0753.61

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity + 1.48-3.70-0.5210.510.199.43-1.822.853.62-7.13-5.18-6.02
Cash from Investing Activity + 0.60-0.14-0.43-5.201.380.060.02-0.01-0.070.100.320.09
Cash from Financing Activity + 2.63-0.121.57-2.20-0.40-10.150.22-1.75-3.644.323.154.96
Net Cash Flow 4.71-3.960.623.111.17-0.66-1.581.09-0.10-2.72-1.71-0.96
Free Cash Flow 1.91-4.27-1.226.560.249.17-1.872.843.40-7.13-4.81-5.91
CFO/OP 260%-110%-10%270%20%94%-5%59%137%75%39%381%

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-12.30-12.09-16.00-14.78-28.07-27.80-25.45-31.02-40.99-58.74-68.72-64.30

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days 99.18198.76110.94191.78280.69224.94321.16543.35587.411,423.642,476.923,920.43
Inventory Days 123.68309.09296.60163.90201.40198.61320.94919.48877.62601.64336.322,922.27
Days Payable 128.43263.01171.2386.03220.76143.13226.86478.85321.88251.76139.351,201.55
Cash Conversion Cycle 94.44244.84236.30269.65261.33280.42415.24983.981,143.151,773.522,673.885,641.14
Working Capital Days 135.30273.24280.81106.48162.19114.18230.05498.42639.631,545.311,444.563,539.17
ROCE %20.78%14.85%20.56%15.12%22.79%21.18%13.80%4.53%-17.94%-31.05%-4.07%

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.

ROCE Trend

EPS Trend

No data available for the key financial ratios table.

No data available for the profitability ratios chart.

No data available for the liquidity ratios chart.

No data available for the liquidity ratios percentage chart.

No data available for the coverage ratios chart.

No data available for the valuation ratios chart.

About the Company

Shri Ram Switchgears Ltd. is a Public Limited Listed company incorporated on 06/09/1985 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L31200MP1985PLC003026 and registration number is 003026. Currently Company is involved in the business activities of Manufacture of electric power distribution transformers, arc-welding transformers, fluorescent ballasts, transmission and distribution voltage regulators. Company’s Total Operating Revenue is Rs. 4.33 Cr. and Equity Capital is Rs. 10.01 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Electric Equipment - Switchgear/Circuit BreakerShri Ram Bhawan, Ratlam Madhya Pradesh 457001info@shriramswitchgears.com
http://www.shriramswitchgears.com
Management
NamePosition Held
Mr. Rohit Kumar JhalaniWhole Time Director
Mr. Nilesh JhalaniManaging Director
Mr. Devraj JhalaniWhole Time Director
Ms. Sapna JhalaniNon Executive Director
Mr. Atul KhandelwalIndependent Director
Mr. Mudit GuptaIndependent Director

Shri Ram Switchgears Ltd. Share Price Update

Share PriceValue
Today₹6.30
Previous Day₹6.30

FAQ

What is the intrinsic value of Shri Ram Switchgears Ltd and is it undervalued?

As of 05 April 2026, Shri Ram Switchgears Ltd's intrinsic value is ₹40.76, which is 546.98% higher than the current market price of ₹6.30, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹22.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Shri Ram Switchgears Ltd?

Shri Ram Switchgears Ltd is trading at ₹6.30 as of 05 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹Cr..

How does Shri Ram Switchgears Ltd's P/E ratio compare to its industry?

Shri Ram Switchgears Ltd has a P/E ratio of , which is below the industry average of 127.00. This is broadly in line with or below the industry average.

Is Shri Ram Switchgears Ltd financially healthy?

Key indicators for Shri Ram Switchgears Ltd: ROCE of 4.07 % is on the lower side compared to the industry average of 11.74%; ROE of % is below ideal levels (industry average: 13.80%). Dividend yield is 0.00 %.

Is Shri Ram Switchgears Ltd profitable and how is the profit trend?

Shri Ram Switchgears Ltd reported a net profit of ₹-4 Cr in Mar 2023 on revenue of ₹2 Cr. Compared to ₹-3 Cr in Mar 2020, the net profit shows a mixed trend.

Does Shri Ram Switchgears Ltd pay dividends?

Shri Ram Switchgears Ltd has a dividend yield of 0.00 % at the current price of ₹6.30. 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 Shri Ram Switchgears 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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