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

₹ 54.0 2.60%
14 Jun - 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 ₹ 61.9 Cr.
  • Current Price ₹ 54.0
  • High / Low ₹ 82.8 / 35.0
  • Stock P/E
  • Book Value ₹ 21.0
  • Dividend Yield 0.00 %
  • ROCE -0.44 %
  • ROE -7.28 %
  • Face Value ₹ 1.00
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Pros

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 -1.58% over last 3 years.
  • Working capital days have increased from 473 days to 1,196 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
0.60 0.71 0.75 0.62 0.69 0.86 1.15 1.08 0.92 1.16 1.02 0.98 0.94
0.30 0.23 0.26 0.22 0.46 0.52 0.49 0.63 0.47 0.63 0.60 0.81 1.42
Operating Profit 0.30 0.48 0.49 0.40 0.23 0.34 0.66 0.45 0.45 0.53 0.42 0.17 -0.48
OPM % 50.00% 67.61% 65.33% 64.52% 33.33% 39.53% 57.39% 41.67% 48.91% 45.69% 41.18% 17.35% -51.06%
0.00 0.01 0.00 0.00 0.02 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.02
Interest 0.01 0.00 0.00 0.01 0.21 0.36 0.40 0.42 0.40 0.34 0.34 0.25 0.67
Depreciation 0.04 0.06 0.06 0.09 0.10 0.09 0.09 0.10 0.13 0.13 0.16 0.19 0.38
Profit before tax 0.25 0.43 0.43 0.30 -0.06 -0.11 0.17 -0.07 -0.07 0.07 -0.07 -0.25 -1.51
Tax % -28.00% 32.56% 25.58% 36.67% -50.00% 27.27% 17.65% 14.29% -42.86% 57.14% -14.29% 4.00% -1.32%
0.32 0.29 0.32 0.19 -0.09 -0.08 0.13 -0.06 -0.10 0.02 -0.08 -0.24 -1.53
EPS in Rs 0.28 0.25 0.28 0.17 -0.08 -0.07 0.11 -0.05 -0.09 0.02 -0.07 -0.21 -1.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.53 0.57 0.94 11.33 1.35 1.42 1.34 1.21 2.51 2.79 4.03 4.09
0.15 0.11 0.15 0.18 0.78 0.30 0.72 1.26 0.53 1.17 2.11 3.45
Operating Profit 0.38 0.46 0.79 11.15 0.57 1.12 0.62 -0.05 1.98 1.62 1.92 0.64
OPM % 71.70% 80.70% 84.04% 98.41% 42.22% 78.87% 46.27% -4.13% 78.88% 58.06% 47.64% 15.65%
0.00 0.02 0.03 0.01 0.04 0.00 0.02 0.00 0.00 0.01 0.00 0.05
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.23 1.59 1.60
Depreciation 0.01 0.01 0.01 0.01 0.08 0.06 0.02 0.00 0.06 0.31 0.41 0.87
Profit before tax 0.37 0.47 0.81 11.15 0.53 1.06 0.62 -0.05 1.91 1.09 -0.08 -1.78
Tax % 24.32% 23.40% 29.63% 13.00% 20.75% 21.70% 111.29% -140.00% 28.27% 34.86% -12.50% -3.37%
0.27 0.36 0.57 9.69 0.41 0.83 -0.07 -0.12 1.37 0.71 -0.10 -1.82
EPS in Rs 18.84 25.12 0.50 8.45 0.36 0.72 -0.06 -0.10 1.19 0.62 -0.09 -1.59
Dividend Payout % 15.56% 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: 22%
5 Years: 25%
3 Years: 18%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1720%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 138%
1 Year: 34%
Return on Equity
10 Years: 6%
5 Years: 0%
3 Years: -2%
Last Year: -7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0.14 0.14 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15 1.15
Reserves 5.23 5.58 5.45 15.13 15.27 16.10 22.35 22.76 24.13 24.85 24.75 22.93
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.23 11.41 11.67 20.02
1.09 1.12 1.16 3.49 0.70 0.71 0.28 1.30 1.79 1.62 1.97 3.43
Total Liabilities 6.46 6.84 7.76 19.77 17.12 17.96 23.78 25.21 27.30 39.03 39.54 47.53
0.02 0.03 0.02 0.26 0.18 0.12 0.00 0.00 0.67 0.92 1.54 10.52
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 1.12 1.17 1.31 5.20 4.66 7.95 0.71 0.52 0.80 0.85 0.73 0.93
5.32 5.64 6.43 14.31 12.28 9.89 23.07 24.69 25.83 37.26 37.27 36.08
Total Assets 6.46 6.84 7.76 19.77 17.12 17.96 23.78 25.21 27.30 39.03 39.54 47.53

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.15 0.13 -0.30 -0.86 0.81 -9.12 -0.30 0.75 -5.84 2.22 15.47
0.10 0.07 1.55 -1.70 -1.01 8.36 0.01 -0.37 -0.11 -0.22 -8.38
0.04 -0.05 0.00 0.00 0.00 0.00 0.00 -0.36 10.20 -2.81 3.85
Net Cash Flow 0.30 0.15 1.25 -2.56 -0.21 -0.76 -0.29 0.02 4.25 -0.81 10.95

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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 -344.34 -243.33 -147.55 -15.79 -35.15 -28.27 160.71 114.63 21.81 82.42 141.29 1,195.84
ROCE % 7.05% 8.48% 13.15% 97.47% 3.24% 6.30% 2.94% -0.21% 7.77% 4.20% 4.03%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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% 24.27% 24.27% 24.27% 24.27% 24.26% 24.26% 24.27% 24.26% 24.27% 24.26% 24.26%
No. of Shareholders 6395275271,0089861,0841,1041,1051,1241,1451,1921,262

* 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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