Shashijit Infraprojects Ltd
₹ 2.30
3.14%
18 Sep
10:11 a.m.
About
Incorporated in 2007, Shashijit Infraprojects
Ltd deals in the construction and development
of immovable properties.[1]
Key Points
- Market Cap ₹ 16.7 Cr.
- Current Price ₹ 2.30
- High / Low ₹ 6.35 / 1.92
- Stock P/E
- Book Value ₹ 2.13
- Dividend Yield 0.00 %
- ROCE 4.01 %
- ROE 3.22 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.05 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.86% over past five years.
- Promoter holding is low: 37.8%
- Company has a low return on equity of -6.13% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.63 Cr.
- Promoter holding has decreased over last 3 years: -15.2%
* 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
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28.95 | 24.15 | 25.28 | 45.73 | 26.29 | 28.68 | 16.82 | 28.47 | 35.30 | 27.35 | 22.82 | 23.44 | 22.33 | |
| 27.45 | 21.89 | 23.28 | 43.17 | 24.80 | 28.15 | 15.78 | 26.42 | 32.85 | 25.06 | 24.94 | 22.17 | 21.46 | |
| Operating Profit | 1.50 | 2.26 | 2.00 | 2.56 | 1.49 | 0.53 | 1.04 | 2.05 | 2.45 | 2.29 | -2.12 | 1.27 | 0.87 |
| OPM % | 5.18% | 9.36% | 7.91% | 5.60% | 5.67% | 1.85% | 6.18% | 7.20% | 6.94% | 8.37% | -9.29% | 5.42% | 3.90% |
| 0.42 | 0.00 | 0.32 | 0.23 | 0.12 | 0.06 | 0.26 | 0.10 | 0.16 | -0.84 | 0.20 | 0.57 | 0.63 | |
| Interest | 0.36 | 0.36 | 0.37 | 0.39 | 0.45 | 0.56 | 0.61 | 0.74 | 1.11 | 1.21 | 0.98 | 0.71 | 0.74 |
| Depreciation | 0.54 | 0.60 | 0.51 | 0.83 | 0.86 | 0.84 | 0.87 | 1.26 | 0.82 | 0.96 | 0.79 | 0.87 | 0.88 |
| Profit before tax | 1.02 | 1.30 | 1.44 | 1.57 | 0.30 | -0.81 | -0.18 | 0.15 | 0.68 | -0.72 | -3.69 | 0.26 | -0.12 |
| Tax % | 32.35% | 35.38% | 36.11% | 29.30% | 40.00% | -25.93% | -16.67% | 20.00% | 33.82% | -15.28% | -15.99% | -88.46% | |
| 0.69 | 0.85 | 0.91 | 1.11 | 0.19 | -0.61 | -0.15 | 0.13 | 0.45 | -0.61 | -3.11 | 0.49 | -0.23 | |
| EPS in Rs | 17.25 | 21.25 | 0.18 | 0.21 | 0.04 | -0.12 | -0.03 | 0.03 | 0.09 | -0.12 | -0.43 | 0.07 | -0.04 |
| Dividend Payout % | 2.36% | 0.00% | 11.84% | 15.53% | 27.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 7% |
| 3 Years: | -13% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | 32% |
| 3 Years: | 3% |
| TTM: | 92% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -17% |
| 3 Years: | -36% |
| 1 Year: | -63% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -3% |
| 3 Years: | -6% |
| Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 8.62 | 8.62 | 10.34 | 10.34 | 10.34 | 10.34 | 10.34 | 10.34 | 14.53 | 14.53 |
| Reserves | 6.04 | 7.01 | 2.36 | 3.34 | 1.60 | 0.93 | 0.81 | 0.99 | 1.46 | 0.86 | 0.41 | 0.94 |
| 3.70 | 2.91 | 4.43 | 4.34 | 4.90 | 5.98 | 7.85 | 11.38 | 12.85 | 11.68 | 8.76 | 9.15 | |
| 5.13 | 5.01 | 6.47 | 10.37 | 8.82 | 11.54 | 9.66 | 11.17 | 13.41 | 12.98 | 9.90 | 12.07 | |
| Total Liabilities | 14.92 | 14.98 | 21.88 | 26.67 | 25.66 | 28.79 | 28.66 | 33.88 | 38.06 | 35.86 | 33.60 | 36.69 |
| 2.70 | 2.30 | 2.88 | 3.46 | 3.57 | 4.72 | 4.60 | 6.70 | 10.38 | 7.55 | 7.82 | 8.06 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.05 | 1.41 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.40 | 0.30 | 2.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| 11.82 | 12.38 | 16.98 | 23.19 | 22.08 | 23.01 | 22.64 | 27.00 | 27.67 | 28.30 | 25.77 | 28.62 | |
| Total Assets | 14.92 | 14.98 | 21.88 | 26.67 | 25.66 | 28.79 | 28.66 | 33.88 | 38.06 | 35.86 | 33.60 | 36.69 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.26 | 1.52 | -1.85 | -1.08 | 0.60 | 2.43 | 0.96 | 0.49 | 3.04 | 1.38 | -3.25 | 1.25 | |
| -1.03 | -0.58 | -2.82 | 1.52 | -0.51 | -2.63 | -2.44 | -1.97 | -3.73 | 0.33 | 0.06 | -1.07 | |
| -1.06 | -0.81 | 4.49 | -0.61 | -0.06 | 0.60 | 0.93 | 1.73 | 0.55 | -1.84 | 3.45 | -0.32 | |
| Net Cash Flow | 0.17 | 0.13 | -0.18 | -0.16 | 0.03 | 0.40 | -0.56 | 0.25 | -0.13 | -0.13 | 0.26 | -0.14 |
| Free Cash Flow | 1.57 | 1.32 | -2.92 | -2.49 | -0.35 | -0.61 | -0.26 | -1.54 | -1.28 | 0.60 | -3.14 | 0.16 |
| CFO/OP | 107% | 71% | -65% | -8% | 60% | 574% | 38% | 51% | 151% | 85% | 132% | 139% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82.58 | 75.27 | 134.28 | 87.32 | 137.86 | 96.09 | 141.49 | 100.51 | 82.51 | 109.97 | 110.20 | 130.49 |
| Inventory Days | 21.36 | 42.79 | 110.08 | 69.08 | 145.21 | 198.55 | 288.03 | 297.55 | 261.10 | 408.63 | 364.69 | 465.71 |
| Days Payable | 124.74 | 120.83 | 162.90 | 126.50 | 193.03 | 243.25 | 335.83 | 237.87 | 260.65 | 319.42 | 237.79 | 349.29 |
| Cash Conversion Cycle | -20.80 | -2.77 | 81.45 | 29.90 | 90.04 | 51.38 | 93.68 | 160.19 | 82.96 | 199.18 | 237.11 | 246.92 |
| Working Capital Days | 12.61 | 41.87 | 75.22 | 50.92 | 85.11 | 50.52 | 117.40 | 86.54 | 41.77 | 64.06 | 106.05 | 80.97 |
| ROCE % | 15.75% | 17.31% | 14.18% | 12.36% | 4.41% | -1.47% | 1.88% | 4.22% | 7.56% | 6.02% | -12.28% | 4.01% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Permanent Employees Number |
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| Fresh Orders Received Rs. Lakhs |
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| Order Book (Balance Revenue to be Recognized) Rs. Lakhs |
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| Order Book (Closing Contracted Price of Orders) Rs. Lakhs |
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| Orders Completed Rs. Lakhs |
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Documents
Announcements
-
Announcement Under Regulations 30 (LODR) - Receipt Of Demand-Cum-Show Cause Notice (DRC-01)
- Received GST DRC-01 notice for FY2022-23 proposing ₹3.51 lakh liability and penalty.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement confirming dispatch of notice of 19th AGM and instructions for e-voting and other related information
-
Defaults under Para A sub-paragraph 6 of Schedule III-Initial Disclosure
- Non-payment of term loan EMI defaulted on 6 September 2026; amount involved Rs.2,10,000.
-
Announcement Under Regulation 30 - Weblink Of Annul Report
- 19th AGM on 30 September 2026; annual report and notice available online.
-
Reg. 34 (1) Annual Report.
- Annual Report FY2025-26 issued; 19th AGM on 30 September 2026 via VC/OAVM.
Business Overview:[1][2]
a) SIPL is engaged in civil project management and is actively involved in
the construction, design, procurement, development of industrial, commercial,
residential, public utility buildings, and for infra
structure development projects.
b) It provides end-to-end solutions across project planning, design, and engineering, procurement, construction, catering to the diverse sectors including industrial, commercial, residential, and public utility projects.
c) The company’s deals in industrial
and civil construction, where it has
developed execution capabilities in
general contracting, turnkey solutions,
and project management. Over time,
SIPL has strategically diversified into
residential and commercial development, expanding its service portfolio and creating
a balanced mix of projects across sectors.