Salem Erode Investments Ltd

Salem Erode Inv. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Salem Erode Investments Ltd

₹ 43.5 -1.14%
04 Jul - close price
salemerode.com BSE: 540181
About

Incorporated in 1931, Salem Erode Investments Ltd (SEIL) is in lending business as an NBFC

Key Points

Business Overview:[1][2]
On 17th February 2020, company was acquired by ICL Fincorp Limited which is a Non Banking Financial Company providing Gold Loan, Business Loan, Hire Purchase Loan, etc. After acquisition, company expanded its business and now has 12 branches in Southern India. ICL Fincorp Ltd holds 75% stake in SEIL. Company focuses on Gold Loans.

Website BSE
  • Market Cap ₹ 49.9 Cr.
  • Current Price ₹ 43.5
  • High / Low ₹ 62.0 / 36.6
  • Stock P/E
  • Book Value ₹ 16.9
  • Dividend Yield 0.00 %
  • ROCE -6.70 %
  • ROE -21.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.57 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -9.14% over last 3 years.
  • Working capital days have increased from 440 days to 1,198 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.

Peer comparison

Financial Services Financial Services Finance Non Banking Financial Company (NBFC)

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
0.69 0.86 1.15 1.08 0.92 1.16 1.02 0.98 0.94 0.95 1.20 0.81 0.89
0.46 0.52 0.49 0.63 0.47 0.63 0.60 0.81 1.42 1.25 1.11 1.20 1.37
Operating Profit 0.23 0.34 0.66 0.45 0.45 0.53 0.42 0.17 -0.48 -0.30 0.09 -0.39 -0.48
OPM % 33.33% 39.53% 57.39% 41.67% 48.91% 45.69% 41.18% 17.35% -51.06% -31.58% 7.50% -48.15% -53.93%
0.02 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.02 0.02 0.01 0.01 0.01
Interest 0.21 0.36 0.40 0.42 0.40 0.34 0.34 0.25 0.67 0.66 0.55 0.72 0.42
Depreciation 0.10 0.09 0.09 0.10 0.13 0.13 0.16 0.19 0.38 0.40 0.42 0.39 0.38
Profit before tax -0.06 -0.11 0.17 -0.07 -0.07 0.07 -0.07 -0.25 -1.51 -1.34 -0.87 -1.49 -1.27
Tax % 50.00% -27.27% 17.65% -14.29% 42.86% 57.14% 14.29% -4.00% 1.32% -2.24% -2.30% -8.05% -4.72%
-0.09 -0.08 0.13 -0.06 -0.10 0.02 -0.08 -0.24 -1.53 -1.30 -0.85 -1.36 -1.21
EPS in Rs -0.08 -0.07 0.11 -0.05 -0.09 0.02 -0.07 -0.21 -1.33 -1.13 -0.74 -1.19 -1.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.57 0.94 11.33 1.35 1.42 1.34 1.21 2.51 2.79 4.03 4.14 3.85
0.11 0.15 0.18 0.78 0.30 0.72 1.26 0.53 1.17 2.11 3.44 4.91
Operating Profit 0.46 0.79 11.15 0.57 1.12 0.62 -0.05 1.98 1.62 1.92 0.70 -1.06
OPM % 80.70% 84.04% 98.41% 42.22% 78.87% 46.27% -4.13% 78.88% 58.06% 47.64% 16.91% -27.53%
0.02 0.03 0.01 0.04 0.00 0.02 0.00 0.00 0.01 0.00 0.00 0.05
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.23 1.59 1.61 2.36
Depreciation 0.01 0.01 0.01 0.08 0.06 0.02 0.00 0.06 0.31 0.41 0.87 1.58
Profit before tax 0.47 0.81 11.15 0.53 1.06 0.62 -0.05 1.91 1.09 -0.08 -1.78 -4.95
Tax % 23.40% 29.63% 13.00% 20.75% 21.70% 111.29% 140.00% 28.27% 34.86% 12.50% 3.37% -4.65%
0.36 0.57 9.69 0.41 0.83 -0.07 -0.12 1.37 0.71 -0.10 -1.82 -4.72
EPS in Rs 25.12 0.50 8.45 0.36 0.72 -0.06 -0.10 1.19 0.62 -0.09 -1.59 -4.12
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: 15%
5 Years: 26%
3 Years: 11%
TTM: -7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -159%
Stock Price CAGR
10 Years: %
5 Years: 87%
3 Years: -3%
1 Year: -10%
Return on Equity
10 Years: 3%
5 Years: -4%
3 Years: -9%
Last Year: -22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.14 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15
Reserves 5.58 5.45 15.13 15.27 16.10 22.35 22.76 24.13 24.85 24.75 22.93 18.23
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.23 11.41 11.67 20.02 13.89
1.12 1.16 3.49 0.70 0.71 0.28 1.30 1.79 1.62 1.97 3.43 3.17
Total Liabilities 6.84 7.76 19.77 17.12 17.96 23.78 25.21 27.30 39.03 39.54 47.53 36.44
0.03 0.02 0.26 0.18 0.12 0.00 0.00 0.67 0.92 1.54 10.52 9.71
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 1.17 1.31 5.20 4.66 7.95 0.71 0.52 0.80 0.85 0.73 0.93 0.95
5.64 6.43 14.31 12.28 9.89 23.07 24.69 25.83 37.26 37.27 36.08 25.78
Total Assets 6.84 7.76 19.77 17.12 17.96 23.78 25.21 27.30 39.03 39.54 47.53 36.44

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.13 -0.30 -0.86 0.81 -9.12 -0.30 0.75 -5.84 2.22 15.47 2.56
0.07 1.55 -1.70 -1.01 8.36 0.01 -0.37 -0.11 -0.22 -8.38 -2.62
-0.05 0.00 0.00 0.00 0.00 0.00 -0.36 10.20 -2.81 3.85 -8.81
Net Cash Flow 0.15 1.25 -2.56 -0.21 -0.76 -0.29 0.02 4.25 -0.81 10.95 -8.86

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days -243.33 -147.55 -15.79 -35.15 -28.27 160.71 114.63 21.81 82.42 141.29 -20.28 1,198.34
ROCE % 8.48% 13.15% 97.47% 3.24% 6.30% 2.94% -0.21% 7.77% 4.20% 4.03% -0.42% -6.70%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73% 0.73%
24.27% 24.26% 24.26% 24.27% 24.26% 24.27% 24.26% 24.26% 24.27% 24.27% 24.27% 24.27%
No. of Shareholders 9861,0841,1041,1051,1241,1451,1921,2621,6241,5591,6691,675

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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