Shri Ram Switchgears Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: July 26, 2024, 11:17 am

Market Cap	10.1 Cr.
Current Price	10.1
High / Low	/
Stock P/E
Book Value	22.2
Dividend Yield	0.00 %
ROCE	4.07 %
ROE	%
Face Value	10.0
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Shri Ram Switchgears Ltd

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	49,677 Cr.	11,724	16,550/4,545	249	331	0.03 %	17.8 %	12.7 %	2.00
Shri Ram Switchgears Ltd	10.1 Cr.	10.1	/		22.2	0.00 %	4.07 %	%	10.0
Industry Average	49,677.00 Cr	5,867.05		249.00	176.60	0.02%	10.94%	12.70%	6.00

All Competitor Stocks of Shri Ram Switchgears Ltd

Quarterly Result

Month	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023
Sales	18.34	11.37	11.06	1.18	7.87	1.57	2.76	1.46	1.26	0.85
Expenses	14.75	7.64	11.99	2.95	15.66	3.85	13.72	2.20	2.09	1.06
Operating Profit	3.59	3.73	-0.93	-1.77	-7.79	-2.28	-10.96	-0.74	-0.83	-0.21
OPM %	19.57%	32.81%	-8.41%	-150.00%	-98.98%	-145.22%	-397.10%	-50.68%	-65.87%	-24.71%
Other Income	0.72	0.35	0.22	0.05	0.16	0.16	0.09	0.03	0.31	0.01
Interest	3.60	3.70	2.16	2.44	4.34	1.50	2.01	1.18	1.12	0.70
Depreciation	0.29	0.23	0.25	0.23	0.18	0.16	0.16	0.16	0.10	0.13
Profit before tax	0.42	0.15	-3.12	-4.39	-12.15	-3.78	-13.04	-2.05	-1.74	-1.03
Tax %	0.00%	20.00%	1.28%	0.00%	-2.30%	-0.26%	0.08%	0.00%	-4.02%	0.00%
Net Profit	0.42	0.11	-3.09	-4.39	-12.42	-3.79	-13.03	-2.05	-1.82	-1.03
EPS in Rs	0.42	0.11	-3.09	-4.39	-12.41	-3.79	-13.02	-2.05	-1.82	-1.03

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

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	TTM
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	2.11
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	3.15
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	-1.04
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%	-49.29%
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	0.32
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	1.82
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	0.23
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	-2.77
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	-2.85
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	-2.85
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

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:	-9%
3 Years:	-7%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

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

Reserves and Borrowings Chart

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
Cash from Operating Activity +	1.48	-3.70	-0.52	10.51	0.19	9.43	-1.82	2.85	3.62	-7.13	-5.18	-6.02
Cash from Investing Activity +	0.60	-0.14	-0.43	-5.20	1.38	0.06	0.02	-0.01	-0.07	0.10	0.32	0.09
Cash from Financing Activity +	2.63	-0.12	1.57	-2.20	-0.40	-10.15	0.22	-1.75	-3.64	4.32	3.15	4.96
Net Cash Flow	4.71	-3.96	0.62	3.11	1.17	-0.66	-1.58	1.09	-0.10	-2.72	-1.71	-0.96

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.

Free Cash Flow Chart

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	192.54	263.79	206.41	350.65	731.77	977.55	2,227.29	3,581.90	6,515.32
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.

Fair Value

Fair Value of Shri Ram Switchgears Ltd as of November 20, 2024 is: 50.95

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 20, 2024, Shri Ram Switchgears Ltd is Undervalued by 404.46% compared to the current share price 10.10

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of Shri Ram Switchgears Ltd as of November 20, 2024 is: 52.12

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 20, 2024, Shri Ram Switchgears Ltd is Undervalued by 416.04% compared to the current share price 10.10

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 2.29%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Financial or basic stock data is empty.

About the Company - Qualitative Analysis

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.

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

FAQ

What is the latest intrinsic value of Shri Ram Switchgears Ltd?

The latest intrinsic value of Shri Ram Switchgears Ltd as on 13 November 2024 is ₹50.95, which is 404.46% higher than the current market price of ₹10.10.

What is the Market Cap of Shri Ram Switchgears Ltd?

The Market Cap of Shri Ram Switchgears Ltd is 10.1 Cr..

What is the current Stock Price of Shri Ram Switchgears Ltd as on 13 November 2024?

The current stock price of Shri Ram Switchgears Ltd as on 13 November 2024 is ₹10.1.

What is the High / Low of Shri Ram Switchgears Ltd stocks in FY 2024?

In FY 2024, 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.

Shri Ram Switchgears Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

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

Competitors of Shri Ram Switchgears Ltd

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

ROCE Trend

EPS Trend

Fair Value

Strength and Weakness

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Shri Ram Switchgears Ltd?

What is the Market Cap of Shri Ram Switchgears Ltd?

What is the current Stock Price of Shri Ram Switchgears Ltd as on 13 November 2024?

What is the High / Low of Shri Ram Switchgears Ltd stocks in FY 2024?

What is the Stock P/E of Shri Ram Switchgears Ltd?

What is the Book Value of Shri Ram Switchgears Ltd?

What is the Dividend Yield of Shri Ram Switchgears Ltd?

What is the ROCE of Shri Ram Switchgears Ltd?

What is the ROE of Shri Ram Switchgears Ltd?

What is the Face Value of Shri Ram Switchgears Ltd?

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