Share Price and Basic Stock Data
Last Updated: December 31, 2024, 7:56 am
| PEG Ratio | 0.00 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Shri Ram Switchgears Ltd operates within the Electric Equipment sector, focusing on switchgear and circuit breaker manufacturing. The company’s revenue reported a notable decline, from ₹26.68 Cr in March 2012 to just ₹2.47 Cr in March 2023. This downward trend highlights a significant contraction of approximately 90.7% over the eleven-year period. The peak revenue was achieved in March 2017 at ₹68.38 Cr, but since then, the company has struggled to maintain its position in the market. The drop in sales aligns with decreasing demand and possibly increased competition within the electric equipment industry. The overall financial performance signals a pressing need for strategic realignment to stimulate growth and regain market share. Furthermore, the reported operating profit margin (OPM) has also faced severe challenges, transitioning from positive figures to a negative OPM of -63.97% in March 2023, indicating operational inefficiencies and cost management issues.
Profitability and Efficiency Metrics
Shri Ram Switchgears Ltd’s profitability metrics reflect a troubling trajectory. The net profit has consistently remained negative from March 2021, culminating in a loss of ₹3.87 Cr for the financial year ending March 2023. Notably, the operating profit has also shifted dramatically, from a positive ₹10.59 Cr in March 2017 to a loss of ₹1.58 Cr in the most recent fiscal year. The company’s return on capital employed (ROCE) stood at -4.07% in March 2023, a stark contrast to its historical highs, such as 22.79% in March 2017. Efficiency metrics further illuminate the operational challenges, with the cash conversion cycle ballooning to 5,641.14 days in March 2023, reflecting severe delays in collections and inventory turnover. These figures underscore the pressing need for operational reforms to enhance efficiency and restore profitability.
Balance Sheet Strength and Financial Ratios
Examining the balance sheet, Shri Ram Switchgears Ltd reported total borrowings of ₹62.72 Cr as of March 2023, increasing from ₹12.87 Cr in March 2012. The company’s reserves have turned negative, declining to ₹-31.23 Cr, which raises concerns about its financial health and solvency. The total liabilities have also risen to ₹53.61 Cr, reflecting a growing debt burden. The equity capital has remained stable at ₹10.01 Cr since March 2021, but the negative reserves indicate that accumulated losses have eroded shareholder equity. The interest coverage ratio (ICR) is not available, yet the high levels of borrowing suggest potential difficulties in meeting interest obligations. The financial ratios present a challenging picture, necessitating a comprehensive review of the company’s capital structure and operational efficiency to strengthen its balance sheet.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Shri Ram Switchgears Ltd lacks transparency, with no reported data on promoters, foreign institutional investors (FIIs), domestic institutional investors (DIIs), or public shareholders. This absence of information raises concerns regarding investor confidence and market perception. The lack of institutional backing may suggest a higher risk profile, potentially deterring new investments. Furthermore, the company’s inability to generate positive cash flows and profitability could exacerbate investor hesitance. The negative earnings per share (EPS) of ₹-3.87 for March 2023 further reflects the company’s struggles, which may lead to diminished interest from both retail and institutional investors. Enhancing transparency and addressing the negative financial indicators will be critical in rebuilding investor trust and attracting necessary capital.
Outlook, Risks, and Final Insight
Looking ahead, Shri Ram Switchgears Ltd faces a challenging path. The significant decline in revenue and profitability poses immediate risks, coupled with a deteriorating balance sheet characterized by negative reserves and high borrowings. The company’s operational inefficiencies, evidenced by the extended cash conversion cycle, hinder its ability to generate timely cash flows. Strategic initiatives focused on operational restructuring, cost management, and market repositioning will be essential for recovery. However, the lack of investor confidence, compounded by a non-transparent shareholding structure, poses a substantial hurdle. The company must prioritize rebuilding its financial health and restoring stakeholder trust to facilitate future growth. Without decisive action, the risk of prolonged underperformance remains high, potentially limiting its competitiveness in the electric equipment sector.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Hitachi Energy India Ltd | 83,809 Cr. | 18,803 | 22,840/8,738 | 117 | 1,028 | 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 | 83,809.00 Cr | 9,406.55 | 117.00 | 525.10 | 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
| 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
| 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
About the Company
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Electric Equipment - Switchgear/Circuit Breaker | Shri Ram Bhawan, Ratlam Madhya Pradesh 457001 | info@shriramswitchgears.com http://www.shriramswitchgears.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Rohit Kumar Jhalani | Whole Time Director |
| Mr. Nilesh Jhalani | Managing Director |
| Mr. Devraj Jhalani | Whole Time Director |
| Ms. Sapna Jhalani | Non Executive Director |
| Mr. Atul Khandelwal | Independent Director |
| Mr. Mudit Gupta | Independent Director |
Shri Ram Switchgears Ltd. Share Price Update | |
|---|---|
| Share Price | Value |
| Today | ₹6.30 |
| Previous Day | ₹6.30 |
FAQ
What is the intrinsic value of Shri Ram Switchgears Ltd?
Shri Ram Switchgears Ltd's intrinsic value (as of 05 January 2026) is ₹50.95 which is 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 05 January 2026?
The current stock price of Shri Ram Switchgears Ltd as on 05 January 2026 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.