S R Industries Ltd

S R Industries Ltd

₹ 2.21 -4.33%
04 Mar 4:01 p.m.
About

Incorporated in 1989, S R Industries Ltd is engaged in the manufacturing of Footwear[1]

Key Points

Business Overview:[1][2][3]
Company used to be in terry towel business but shifted entirely towards manufacturing and trading of Sports Footwear viz. EVA Flip Flops, Lifestyle Footwear, Sports Sandals, Sports Shoes -Die-Cut Jogger & Running Shoes with IMEVA midsole, etc. Its footwear division performs Rubber Outsole moulding, EVA sheet, IMEVA, stock fitting, Cutting and preparation, Stitching, Assembly line for Shoes, etc. It manufactures footwear under its brands viz. Red Zone and Front Foot for clients Bata, Fila etc.

  • Market Cap 4.34 Cr.
  • Current Price 2.21
  • High / Low 2.43 / 1.16
  • Stock P/E
  • Book Value -14.4
  • Dividend Yield 0.00 %
  • ROCE -12.0 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of -20.8% over past five years.
  • Promoter holding is low: 19.8%
  • Promoters have pledged 61.0% of their holding.
  • Company has high debtors of 161 days.
  • Promoter holding has decreased over last 3 years: -8.18%
  • Working capital days have increased from -9.41 days to 68.1 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
3.17 2.53 0.00 1.00 2.23 4.22 2.26 2.07 5.22 2.41 2.13 2.20 2.00
3.19 5.68 0.19 1.01 2.07 5.44 2.46 3.24 5.24 2.99 2.81 2.28 2.74
Operating Profit -0.02 -3.15 -0.19 -0.01 0.16 -1.22 -0.20 -1.17 -0.02 -0.58 -0.68 -0.08 -0.74
OPM % -0.63% -124.51% -1.00% 7.17% -28.91% -8.85% -56.52% -0.38% -24.07% -31.92% -3.64% -37.00%
0.10 1.50 0.14 0.04 0.04 3.44 0.04 0.08 0.32 0.04 0.12 0.00 0.00
Interest 0.77 -0.42 0.51 0.50 0.54 1.73 1.14 -1.14 0.90 -2.05 0.00 0.00 0.00
Depreciation 0.51 0.48 0.54 0.53 0.54 0.28 0.47 0.38 0.47 0.29 0.43 0.43 0.43
Profit before tax -1.20 -1.71 -1.10 -1.00 -0.88 0.21 -1.77 -0.33 -1.07 1.22 -0.99 -0.51 -1.17
Tax % 0.00% -51.46% 0.00% 0.00% 0.00% -42.86% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-1.19 -2.59 -1.09 -1.00 -0.88 0.30 -1.77 -0.33 -1.07 1.21 -0.98 -0.51 -1.17
EPS in Rs -0.60 -1.32 -0.55 -0.51 -0.45 0.15 -0.90 -0.17 -0.54 0.62 -0.50 -0.26 -0.59
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
38.29 43.39 30.74 46.08 58.70 33.77 44.39 37.78 25.24 16.83 7.45 13.83 8.74
41.80 49.25 28.08 37.89 47.68 27.55 35.80 35.69 38.84 22.28 8.67 14.63 10.82
Operating Profit -3.51 -5.86 2.66 8.19 11.02 6.22 8.59 2.09 -13.60 -5.45 -1.22 -0.80 -2.08
OPM % -9.17% -13.51% 8.65% 17.77% 18.77% 18.42% 19.35% 5.53% -53.88% -32.38% -16.38% -5.78% -23.80%
0.74 2.23 -0.06 0.21 -0.56 -0.53 0.66 0.34 0.92 2.15 3.65 0.46 0.16
Interest 5.13 9.18 5.05 6.86 6.98 6.04 6.18 4.29 5.18 2.09 3.31 0.58 -2.05
Depreciation 3.05 3.35 1.04 1.39 1.77 1.71 2.08 2.13 2.17 2.14 1.88 1.70 1.58
Profit before tax -10.95 -16.16 -3.49 0.15 1.71 -2.06 0.99 -3.99 -20.03 -7.53 -2.76 -2.62 -1.45
Tax % 21.37% 0.00% 0.00% 0.00% 38.01% 0.00% -35.35% -2.01% 13.38% 11.69% 3.26% 0.00%
-8.61 -16.16 -3.49 0.15 1.05 -2.06 1.34 -4.08 -17.35 -6.65 -2.67 -2.61 -1.45
EPS in Rs -6.85 -12.21 -2.51 0.11 0.75 -1.48 0.96 -2.93 -8.82 -3.38 -1.36 -1.33 -0.73
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%
Compounded Sales Growth
10 Years: %
5 Years: -21%
3 Years: -18%
TTM: -37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 23%
TTM: 49%
Stock Price CAGR
10 Years: -6%
5 Years: -14%
3 Years: -13%
1 Year: 30%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 12.55 13.20 13.89 13.89 13.89 13.89 13.89 13.89 19.65 19.65 19.65 19.65 19.65
Reserves -5.58 -21.74 -25.23 -25.08 -24.03 -26.09 -14.07 -27.82 -44.73 -51.32 -53.74 -56.34 -47.98
Preference Capital 0.00 10.00 14.60 14.60 14.60 14.60 0.00 9.81 9.81 9.81 9.81 9.81
57.36 38.13 37.45 41.00 37.86 39.34 37.15 45.88 41.81 41.85 41.87 43.31 30.76
12.58 23.10 32.02 30.36 29.75 29.45 23.15 26.84 25.72 19.99 19.30 19.57 22.86
Total Liabilities 76.91 52.69 58.13 60.17 57.47 56.59 60.12 58.79 42.45 30.17 27.08 26.19 25.29
47.00 27.69 26.89 25.31 22.61 21.10 23.34 21.94 20.21 18.54 16.68 15.04 14.19
CWIP 0.60 0.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
29.31 24.72 31.24 34.86 34.86 35.49 36.78 36.85 22.24 11.63 10.40 11.15 11.10
Total Assets 76.91 52.69 58.13 60.17 57.47 56.59 60.12 58.79 42.45 30.17 27.08 26.19 25.29

Cash Flows

Figures in Rs. Crores

Mar 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-5.23 0.79 -2.21 6.06 9.22 5.92 9.96 -3.89 3.42 2.96 2.64 -0.83
-1.44 15.41 0.04 0.16 0.94 -0.17 -0.43 -0.50 -0.26 -0.48 0.09 -0.06
6.57 -16.28 2.18 -5.95 -10.32 -5.73 -9.62 4.44 -3.13 -2.05 -3.25 0.91
Net Cash Flow -0.10 -0.08 0.01 0.27 -0.16 0.02 -0.08 0.05 0.03 0.44 -0.52 0.02

Ratios

Figures in Rs. Crores

Mar 2011 Jun 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 60.91 116.42 175.61 116.83 75.30 124.30 118.32 121.73 144.18 122.32 278.28 161.25
Inventory Days 324.17 79.00 231.86 201.69 187.38 414.81 287.89 283.22 95.19 103.51 182.17 95.57
Days Payable 169.50 95.71 245.39 173.39 116.01 243.33 225.50 124.86 132.51 186.86 440.09 252.52
Cash Conversion Cycle 215.58 99.71 162.08 145.13 146.67 295.78 180.72 280.09 106.86 38.97 20.37 4.30
Working Capital Days 155.28 72.60 163.15 129.03 102.97 177.91 119.39 165.11 6.94 -200.18 103.87 68.09
ROCE % -9.21% -14.45% 16.47% 21.35% 10.99% 18.24% 0.76% -43.48% -23.38% 2.93% -11.99%

Shareholding Pattern

Numbers in percentages

Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
19.77% 19.77% 19.77% 19.77% 19.77% 19.77% 19.77% 19.77% 19.77% 19.77% 19.77% 19.77%
80.23% 80.23% 80.23% 80.23% 80.23% 80.23% 80.23% 80.23% 80.23% 80.23% 80.22% 80.23%
No. of Shareholders 10,13110,12610,12610,08710,01610,04310,07210,42210,95711,30911,37411,456

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