Share Price and Basic Stock Data
Last Updated: January 20, 2026, 10:01 pm
| 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, specifically focusing on switchgear and circuit breaker manufacturing. The company’s revenue trends have shown significant volatility over the years. For instance, sales peaked at ₹68.38 Cr in March 2017 but have since seen a steep decline, falling to ₹2.47 Cr by March 2023. This represents a staggering decrease of approximately 96.38% from its peak. The drop in sales can be attributed to various factors, including increased competition, market shifts, and possible operational inefficiencies. The last reported financial year witnessed an operating profit margin (OPM) of -63.97%, indicating serious challenges in managing production costs and overheads. As a result, the company has faced declining revenues, with net profits consistently in the negative since March 2021, culminating in a net loss of ₹3.87 Cr for the fiscal year ending March 2023. This revenue trajectory raises concerns about the future viability of the business and its ability to recover in a competitive landscape.
Profitability and Efficiency Metrics
Shri Ram Switchgears Ltd’s profitability metrics reveal a concerning trend. The operating profit stood at -₹1.58 Cr in March 2023, following a downward trajectory marked by substantial operating losses in previous years, including -₹13.24 Cr in March 2022 and -₹9.56 Cr in March 2021. The company’s return on capital employed (ROCE) is currently at -4.07%, reflecting ineffective utilization of capital in generating profits. Furthermore, the days sales outstanding (DSO) has ballooned, with debtor days standing at an alarming 3,920.43 days in March 2023. This implies significant delays in collecting receivables, which further strains cash flow. The cash conversion cycle has also expanded dramatically to 5,641.14 days, indicating inefficiencies in inventory management and overall operational processes. Such inefficiencies not only erode profitability but also jeopardize the company’s liquidity position, making it difficult to sustain operations without external financial support.
Balance Sheet Strength and Financial Ratios
The balance sheet of Shri Ram Switchgears Ltd illustrates a precarious financial situation. As of March 2023, the company reported total borrowings of ₹62.72 Cr against reserves of -₹31.23 Cr, indicating that liabilities far exceed the company’s net worth. This negative reserve reflects accumulated losses over the years, highlighting a lack of retained earnings to offset borrowings. The total liabilities stood at ₹53.61 Cr, against total assets of ₹53.61 Cr, suggesting that the company is operating at a break-even point in terms of asset coverage. Moreover, the equity capital is stagnant at ₹10.01 Cr since March 2021, which signals a lack of capital infusion from investors. The interest coverage ratio (ICR) remains unreported, but the high level of borrowings relative to a declining operational performance raises alarms about the company’s ability to meet its financial obligations. Overall, the balance sheet depicts a company in distress, grappling with significant financial pressures.
Shareholding Pattern and Investor Confidence
Shri Ram Switchgears Ltd’s shareholding pattern remains largely opaque, with no disclosed data on promoters, foreign institutional investors (FIIs), domestic institutional investors (DIIs), or public shareholders. This lack of transparency can lead to diminished investor confidence, as potential investors often look for insights into the stability and commitment of existing shareholders. The absence of institutional backing further complicates the company’s ability to attract new capital, which is critical given its current financial challenges. The reported stock price of ₹6.30 reflects market sentiment, which is likely influenced by the company’s declining performance metrics and lack of profitability. Investor confidence appears to be at a low point, as evidenced by the negative net profits reported in recent years, which may deter potential equity investments. Without a clear and supportive shareholding structure, the company faces additional hurdles in stabilizing its financial standing and executing any turnaround strategies.
Outlook, Risks, and Final Insight
The outlook for Shri Ram Switchgears Ltd remains challenging, given its historical performance and current financial metrics. Key risks include operational inefficiencies, as indicated by the extended cash conversion cycle and negative profitability margins. Additionally, the company’s significant reliance on external borrowings without corresponding profitability poses a liquidity risk. If the company fails to address its operational challenges and restore profitability, it may face solvency issues in the near future. On the other hand, potential strengths lie in the company’s established presence in the electric equipment sector and the possibility of operational restructuring or strategic partnerships to enhance efficiency. If the company can successfully implement cost-control measures and improve its receivables management, there could be a path to recovery. However, without decisive action, the risks may outweigh the potential for a turnaround, leaving the company vulnerable in a competitive market landscape.
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 | 73,549 Cr. | 16,501 | 22,840/8,738 | 103 | 1,028 | 0.04 % | 19.4 % | 13.8 % | 2.00 |
| Shri Ram Switchgears Ltd | Cr. | 6.30 | / | 22.2 | 0.00 % | 4.07 % | % | 10.0 | |
| Industry Average | 73,549.00 Cr | 8,253.65 | 103.00 | 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 25 January 2026) is ₹52.12 which is 727.30% higher the current market price of ₹6.30, 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 25 January 2026?
The current stock price of Shri Ram Switchgears Ltd as on 25 January 2026 is ₹6.30.
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.