Share Price and Basic Stock Data
Last Updated: December 31, 2024, 7:56 am
| PEG Ratio | 0.00 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Shri Ram Switchgears Ltd operates in the electric equipment sector, focusing on switchgear and circuit breaker manufacturing. The company reported a significant decline in sales over the years, with revenues dropping from ₹26.68 Cr in March 2012 to just ₹2.47 Cr in March 2023. This trend reflects the company’s struggles in maintaining a stable revenue stream, particularly highlighted by a sharp fall in sales from ₹52.89 Cr in March 2015 to ₹4.02 Cr in March 2022. The corresponding expenses also exhibited volatility, peaking at ₹57.79 Cr in March 2017 before declining to ₹4.05 Cr in March 2023. Operating profit margins (OPM) have been consistently negative since March 2021, recording -122.09% in that year and worsening to -63.97% by March 2023, indicating severe operational inefficiencies. Other income has remained relatively low, contributing marginally to total revenues, which underscores the company’s reliance on core operations for revenue generation, a situation that appears unsustainable given the persistent losses.
Profitability and Efficiency Metrics
Profitability metrics at Shri Ram Switchgears Ltd have considerably deteriorated, with net profit standing at a loss of ₹3.87 Cr for the fiscal year ending March 2023, following a trend of negative profitability since March 2021. The company reported net profits of ₹2.25 Cr in March 2018, but this has sharply declined over the years, reflecting operational challenges and market conditions. The Earnings Per Share (EPS) mirrored this decline, falling to -₹3.87 in March 2023 from a positive ₹4.02 in March 2013. The cash conversion cycle (CCC) has ballooned to an alarming 5,641.14 days, indicating significant inefficiencies in managing working capital. This prolonged cycle could lead to liquidity issues, further hampering profitability. The Return on Capital Employed (ROCE) also reflected a negative trend, recorded at -4.07% in March 2023, suggesting that the company’s capital is not being effectively utilized to generate profits, which is a critical concern for stakeholders.
Balance Sheet Strength and Financial Ratios
The balance sheet of Shri Ram Switchgears Ltd presents a concerning picture, particularly with respect to its reserves and borrowings. The company reported reserves of -₹31.23 Cr as of March 2023, a significant deterioration from positive reserves in previous years, indicating that liabilities exceed assets. Meanwhile, total borrowings rose to ₹62.72 Cr, further emphasizing the company’s reliance on debt financing. This high debt level, coupled with negative reserves, raises questions about financial stability and long-term viability. The interest coverage ratio (ICR) remains undisclosed, but given the rising interest payments over the years, which peaked at ₹7.14 Cr in March 2017, there are concerns regarding the company’s ability to meet its interest obligations. The debt-to-equity ratio, although not provided, can be inferred to be high, suggesting increased financial risk. Overall, the balance sheet reflects significant leverage and a potential liquidity crisis, posing risks to operational continuity.
Shareholding Pattern and Investor Confidence
Shri Ram Switchgears Ltd’s shareholding pattern lacks transparency, with no available data on promoter, FII, DII, or public ownership. This absence of information can contribute to investor uncertainty and may hinder the company’s ability to attract new capital. The lack of clarity around major shareholders could signal potential governance issues, which might deter institutional investors. Furthermore, the company’s consistent losses and declining operational performance could lead to a loss of confidence among existing shareholders, compounding the challenge of maintaining a stable investor base. The company has not declared dividends since at least March 2012, reflecting its inability to generate sufficient profits to reward shareholders. Without a clear strategy to regain profitability and improve transparency in shareholding, attracting new investment may prove difficult, which is critical for future growth and recovery.
Outlook, Risks, and Final Insight
If Shri Ram Switchgears Ltd can implement effective operational strategies to reverse its declining sales and profitability trends, there may be potential for recovery. Addressing the inefficiencies in its cash conversion cycle could significantly enhance liquidity and operational cash flow. Furthermore, reducing reliance on debt through improved earnings could stabilize the balance sheet and restore investor confidence. However, risks remain, including the company’s substantial negative reserves and high borrowings, which could hinder its financial flexibility. Additionally, the absence of a clear shareholding structure and lack of dividends may deter potential investors. If margins sustain improvement and the company re-establishes its market position, it could attract renewed interest from investors and potentially stabilize its operations. However, without decisive action, the challenges facing Shri Ram Switchgears Ltd may persist, complicating any turnaround efforts.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Shri Ram Switchgears Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Hitachi Energy India Ltd | 79,323 Cr. | 17,786 | 21,800/8,738 | 157 | 945 | 0.03 % | 19.4 % | 13.8 % | 2.00 |
| Shri Ram Switchgears Ltd | Cr. | 10.1 | / | 22.2 | 0.00 % | 4.07 % | % | 10.0 | |
| Industry Average | 79,323.00 Cr | 8,898.05 | 157.00 | 483.60 | 0.02% | 11.74% | 13.80% | 6.00 |
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
Below is a detailed analysis of the quarterly data for Shri Ram Switchgears Ltd based on the most recent figures () and their trends compared to the previous period:
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: March 6, 2025, 2:52 pm
| Metric | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26.68 | 21.32 | 38.89 | 52.89 | 45.37 | 68.38 | 51.12 | 26.81 | 20.76 | 7.83 | 4.02 | 2.47 |
| Expenses | 26.11 | 18.03 | 35.78 | 48.80 | 41.76 | 57.79 | 39.90 | 19.18 | 17.97 | 17.39 | 17.26 | 4.05 |
| Operating Profit | 0.57 | 3.29 | 3.11 | 4.09 | 3.61 | 10.59 | 11.22 | 7.63 | 2.79 | -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 | 0.49 | 0.70 | 0.33 | 1.51 | 2.68 | 0.68 | 0.59 | 0.76 | 0.58 | 0.21 | 0.25 | 0.35 |
| Interest | 1.82 | 2.63 | 2.67 | 3.50 | 3.98 | 7.14 | 7.63 | 7.05 | 5.86 | 6.78 | 3.51 | 2.30 |
| Depreciation | 0.26 | 0.16 | 0.16 | 0.27 | 1.03 | 0.85 | 0.72 | 0.57 | 0.49 | 0.40 | 0.32 | 0.27 |
| Profit before tax | -1.02 | 1.20 | 0.61 | 1.83 | 1.28 | 3.28 | 3.46 | 0.77 | -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 | -0.98 | 1.14 | 0.42 | 1.21 | 0.85 | 2.11 | 2.25 | 0.77 | -2.97 | -16.81 | -16.83 | -3.87 |
| EPS in Rs | -3.45 | 4.02 | 1.26 | 2.48 | 1.74 | 2.87 | 2.25 | 0.77 | -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% |
YoY Net Profit Growth
| Year | 2012-2013 | 2013-2014 | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.84 | 2.84 | 3.34 | 4.88 | 4.89 | 7.34 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 |
| Reserves | 1.40 | 1.54 | 1.96 | 3.68 | 4.27 | 3.82 | 8.47 | 9.25 | 6.27 | -10.54 | -27.37 | -31.23 |
| Borrowings | 12.87 | 15.38 | 19.11 | 18.87 | 31.68 | 38.39 | 36.67 | 38.65 | 43.78 | 49.18 | 55.48 | 62.72 |
| Other Liabilities | 8.20 | 12.09 | 27.47 | 34.86 | 30.18 | 32.42 | 29.52 | 31.09 | 23.88 | 18.22 | 11.95 | 12.11 |
| Total Liabilities | 25.31 | 31.85 | 51.88 | 62.29 | 71.02 | 81.97 | 84.67 | 89.00 | 83.94 | 66.87 | 50.07 | 53.61 |
| Fixed Assets | 0.79 | 1.21 | 1.75 | 5.79 | 4.71 | 4.12 | 3.45 | 2.88 | 2.61 | 2.21 | 1.67 | 1.40 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 24.49 | 30.61 | 50.10 | 56.47 | 66.28 | 77.85 | 81.22 | 86.12 | 81.33 | 64.66 | 48.40 | 52.21 |
| Total Assets | 25.31 | 31.85 | 51.88 | 62.29 | 71.02 | 81.97 | 84.67 | 89.00 | 83.94 | 66.87 | 50.07 | 53.61 |
Below is a detailed analysis of the balance sheet data for Shri Ram Switchgears Ltd based on the most recent figures (Mar 2023) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2023, the value is 10.01 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2022) which recorded 10.01 Cr..
- For Reserves, as of Mar 2023, the value is -31.23 Cr.. The value appears to be worsening (becoming more negative). It has deteriorated from -27.37 Cr. (Mar 2022) to -31.23 Cr., marking a decline of 3.86 Cr..
- For Borrowings, as of Mar 2023, the value is 62.72 Cr.. The value appears to be increasing, which may not be favorable. However, Reserves are negative, which is a major warning sign. It has increased from 55.48 Cr. (Mar 2022) to 62.72 Cr., marking an increase of 7.24 Cr..
- For Other Liabilities, as of Mar 2023, the value is 12.11 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11.95 Cr. (Mar 2022) to 12.11 Cr., marking an increase of 0.16 Cr..
- For Total Liabilities, as of Mar 2023, the value is 53.61 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 50.07 Cr. (Mar 2022) to 53.61 Cr., marking an increase of 3.54 Cr..
- For Fixed Assets, as of Mar 2023, the value is 1.40 Cr.. The value appears to be declining and may need further review. It has decreased from 1.67 Cr. (Mar 2022) to 1.40 Cr., marking a decrease of 0.27 Cr..
- For CWIP, as of Mar 2023, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2022) which recorded 0.00 Cr..
- For Investments, as of Mar 2023, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2022) which recorded 0.00 Cr..
- For Other Assets, as of Mar 2023, the value is 52.21 Cr.. The value appears strong and on an upward trend. It has increased from 48.40 Cr. (Mar 2022) to 52.21 Cr., marking an increase of 3.81 Cr..
- For Total Assets, as of Mar 2023, the value is 53.61 Cr.. The value appears strong and on an upward trend. It has increased from 50.07 Cr. (Mar 2022) to 53.61 Cr., marking an increase of 3.54 Cr..
However, the Borrowings (62.72 Cr.) are higher than the Reserves (-31.23 Cr.), which may signal higher financial risk.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 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.
Financial Efficiency Indicators
| Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 99.18 | 198.76 | 110.94 | 191.78 | 280.69 | 224.94 | 321.16 | 543.35 | 587.41 | 1,423.64 | 2,476.92 | 3,920.43 |
| Inventory Days | 123.68 | 309.09 | 296.60 | 163.90 | 201.40 | 198.61 | 320.94 | 919.48 | 877.62 | 601.64 | 336.32 | 2,922.27 |
| Days Payable | 128.43 | 263.01 | 171.23 | 86.03 | 220.76 | 143.13 | 226.86 | 478.85 | 321.88 | 251.76 | 139.35 | 1,201.55 |
| Cash Conversion Cycle | 94.44 | 244.84 | 236.30 | 269.65 | 261.33 | 280.42 | 415.24 | 983.98 | 1,143.15 | 1,773.52 | 2,673.88 | 5,641.14 |
| Working Capital Days | 135.30 | 273.24 | 280.81 | 106.48 | 162.19 | 114.18 | 230.05 | 498.42 | 639.63 | 1,545.31 | 1,444.56 | 3,539.17 |
| ROCE % | 20.78% | 14.85% | 20.56% | 15.12% | 22.79% | 21.18% | 13.80% | 4.53% | -17.94% | -31.05% | -4.07% |
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.
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.
Error: Data is incomplete for fair value calculation.Strength and Weakness
Unable to fetch valid data for stock valuation.FAQ
What is the intrinsic value of Shri Ram Switchgears Ltd?
Shri Ram Switchgears Ltd's intrinsic value (as of 21 July 2025) is 50.95 404.46% higher the current market price of 10.10, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's Cr. market cap, FY2025-2026 high/low of /, reserves of -31.23 Cr, and liabilities of 53.61 Cr.
What is the Market Cap of Shri Ram Switchgears Ltd?
The Market Cap of Shri Ram Switchgears Ltd is Cr..
What is the current Stock Price of Shri Ram Switchgears Ltd as on 21 July 2025?
The current stock price of Shri Ram Switchgears Ltd as on 21 July 2025 is 10.1.
What is the High / Low of Shri Ram Switchgears Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Shri Ram Switchgears Ltd stocks is ₹/.
What is the Stock P/E of Shri Ram Switchgears Ltd?
The Stock P/E of Shri Ram Switchgears Ltd is .
What is the Book Value of Shri Ram Switchgears Ltd?
The Book Value of Shri Ram Switchgears Ltd is 22.2.
What is the Dividend Yield of Shri Ram Switchgears Ltd?
The Dividend Yield of Shri Ram Switchgears Ltd is 0.00 %.
What is the ROCE of Shri Ram Switchgears Ltd?
The ROCE of Shri Ram Switchgears Ltd is 4.07 %.
What is the ROE of Shri Ram Switchgears Ltd?
The ROE of Shri Ram Switchgears Ltd is %.
What is the Face Value of Shri Ram Switchgears Ltd?
The Face Value of Shri Ram Switchgears Ltd is 10.0.