Shervani Industrial Syndicate Ltd

Shervani Industrial Syndicate Ltd

₹ 640 0.64%
25 Apr 11:01 a.m.
About

Incorporated in 1948, Shervani Industrial Syndicate Ltd is in the business of Real Estate and Biscuit manufacturing on job work basis[1]

Key Points

Business Overview:[1]
SISL was engaged in manufacturing of Geep brand Torches & Drycell Batteries. It diversified its activities in the area of Real Estate. Company's maiden real estate project was Sterling Apartments at Prayagraj.

  • Market Cap 173 Cr.
  • Current Price 640
  • High / Low 800 / 350
  • Stock P/E 3.31
  • Book Value 604
  • Dividend Yield 0.38 %
  • ROCE 17.1 %
  • ROE 17.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.05 times its book value

Cons

  • Promoter holding has decreased over last quarter: -1.88%
  • The company has delivered a poor sales growth of -21.8% over past five years.
  • Company has a low return on equity of 6.91% over last 3 years.
  • Earnings include an other income of Rs.24.6 Cr.

* 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
11.31 9.13 1.63 2.01 1.39 3.83 2.14 16.52 3.29 4.76 73.47 30.48 13.07
9.21 7.44 2.59 2.93 2.33 4.13 2.70 11.82 3.81 4.74 53.31 23.41 10.87
Operating Profit 2.10 1.69 -0.96 -0.92 -0.94 -0.30 -0.56 4.70 -0.52 0.02 20.16 7.07 2.20
OPM % 18.57% 18.51% -58.90% -45.77% -67.63% -7.83% -26.17% 28.45% -15.81% 0.42% 27.44% 23.20% 16.83%
0.80 0.17 0.22 0.39 0.33 0.38 1.05 0.25 0.80 19.81 1.36 0.36 3.09
Interest 0.07 0.07 0.03 0.12 0.02 0.10 0.02 0.08 0.05 0.04 0.01 0.02 0.03
Depreciation 0.15 0.27 0.25 0.24 0.25 0.15 0.23 0.23 0.23 0.24 0.24 0.22 0.24
Profit before tax 2.68 1.52 -1.02 -0.89 -0.88 -0.17 0.24 4.64 0.00 19.55 21.27 7.19 5.02
Tax % 0.00% -137.50% 0.00% 0.00% 0.00% 111.76% 0.00% 0.22% 4.04% 0.00% 0.00% 0.00%
2.68 3.61 -1.02 -0.89 -0.88 0.02 0.24 4.63 0.00 18.76 21.27 7.19 5.02
EPS in Rs 9.92 13.37 -3.78 -3.30 -3.26 0.07 0.89 17.14 0.00 69.46 78.75 26.62 18.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
10 12 4 4 32 46 91 79 92 32 9 27 122
10 10 6 6 30 35 58 35 67 27 12 23 92
Operating Profit -0 1 -2 -2 2 11 33 43 25 4 -3 4 29
OPM % -3% 11% -45% -49% 7% 24% 36% 55% 27% 14% -32% 14% 24%
2 -23 2 1 1 5 2 0 1 1 1 22 25
Interest 0 0 0 0 1 0 0 0 0 0 0 0 0
Depreciation 0 0 0 1 0 0 0 1 1 1 1 1 1
Profit before tax 1 -22 -0 -2 2 16 34 43 25 5 -3 24 53
Tax % 0% 2% -2% -1% 7% -1% 27% 20% 21% -46% 6% 3%
1 -22 -0 -2 2 16 25 34 20 7 -3 24 52
EPS in Rs 3.25 -67.66 -1.47 -5.09 5.37 48.68 80.84 109.31 73.79 24.66 -10.26 87.49 193.42
Dividend Payout % 31% 0% -34% 0% 0% 0% 105% 0% 3% 10% -19% 3%
Compounded Sales Growth
10 Years: 9%
5 Years: -22%
3 Years: -34%
TTM: 372%
Compounded Profit Growth
10 Years: 21%
5 Years: -1%
3 Years: 6%
TTM: 968%
Stock Price CAGR
10 Years: 24%
5 Years: -2%
3 Years: 42%
1 Year: 49%
Return on Equity
10 Years: 7%
5 Years: 12%
3 Years: 7%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 209 187 187 185 187 194 171 150 130 130 126 142 161
Preference Capital 0 0 0 0 0 0 0 0 0 0 0 0
1 0 6 11 8 1 7 7 6 5 12 2 4
11 7 6 10 8 12 50 71 31 47 79 118 46
Total Liabilities 225 198 202 209 205 210 231 231 170 185 220 264 213
6 6 6 14 13 12 14 16 15 18 19 19 19
CWIP 0 0 1 0 0 0 0 1 1 0 0 0 1
Investments 27 17 18 9 8 13 15 15 6 6 9 28 31
192 174 177 186 184 184 201 199 147 162 191 217 163
Total Assets 225 198 202 209 205 210 231 231 170 185 220 264 213

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 2 -7 -2 2 16 26 25 -13 5 1 7
0 2 -0 3 1 -5 -26 7 26 -2 -5 -0
-0 -1 5 4 -3 -7 1 -31 -22 -2 6 -11
Net Cash Flow -1 3 -2 5 0 4 1 2 -9 1 2 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 7 21 30 20 136 189 2 13 3 22 83 41
Inventory Days 4,261 2,672 1,821 2,221
Days Payable 5 9 7 20
Cash Conversion Cycle 7 21 30 20 4,391 2,852 1,815 13 2,204 22 83 41
Working Capital Days 6,485 4,790 14,912 15,330 1,818 1,169 407 406 402 1,118 3,871 1,130
ROCE % 1% 2% -0% -1% 2% 6% 18% 26% 17% 4% -2% 17%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
60.12% 60.12% 60.12% 60.12% 60.11% 60.11% 60.11% 60.11% 60.07% 62.11% 60.22% 60.22%
39.88% 39.88% 39.88% 39.88% 39.89% 39.89% 39.89% 39.89% 39.93% 37.90% 39.78% 39.78%
No. of Shareholders 2,2542,2112,1732,0352,0101,8621,8621,8012,3162,3602,9162,879

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