Shri Venkatesh Refineries Ltd
₹ 197
-1.20%
04 Oct
- close price
About
Incorporated in 2003, Shri Venkatesh Refineries Ltd is in the business of manufacturing and marketing of edible oils[1]
Key Points
- Market Cap ₹ 218 Cr.
- Current Price ₹ 197
- High / Low ₹ 269 / 0.00
- Stock P/E 17.9
- Book Value ₹ 62.9
- Dividend Yield 0.25 %
- ROCE 20.2 %
- ROE 24.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 86.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
Cons
* 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: Edible Oil Industry: Solvent Extraction
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|
| 132 | 227 | 235 | 337 | 612 | 629 | 606 | |
| 128 | 222 | 228 | 327 | 586 | 601 | 580 | |
| Operating Profit | 4 | 5 | 7 | 10 | 26 | 28 | 25 |
| OPM % | 3% | 2% | 3% | 3% | 4% | 4% | 4% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 3 | 3 | 4 | 5 | 6 | 8 | 9 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 2 | 3 | 5 | 19 | 19 | 16 |
| Tax % | 31% | 32% | 26% | 25% | 27% | 26% | |
| 1 | 1 | 2 | 4 | 14 | 14 | 12 | |
| EPS in Rs | 43.15 | 2.88 | 3.62 | 4.32 | 12.72 | 12.97 | 11.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 39% |
| TTM: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 87% |
| 3 Years: | 87% |
| TTM: | -32% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 26% |
| Last Year: | 24% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 2 | 5 | 6 | 8 | 11 | 11 | |
| Reserves | 4 | 16 | 18 | 19 | 42 | 55 |
| 19 | 26 | 36 | 58 | 73 | 77 | |
| 10 | 3 | 8 | 9 | 15 | 25 | |
| Total Liabilities | 33 | 49 | 67 | 93 | 141 | 168 |
| 5 | 19 | 22 | 23 | 23 | 24 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 29 | 30 | 45 | 71 | 119 | 144 | |
| Total Assets | 33 | 49 | 67 | 93 | 141 | 168 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| 3 | -2 | -15 | -20 | 7 | ||
| -1 | -4 | -1 | -1 | -2 | ||
| -2 | 7 | 16 | 21 | -5 | ||
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|
| Debtor Days | 19 | 11 | 18 | 0 | 1 | 2 |
| Inventory Days | 63 | 35 | 48 | 71 | 68 | 80 |
| Days Payable | 7 | 3 | 10 | 7 | 5 | 9 |
| Cash Conversion Cycle | 75 | 43 | 56 | 64 | 64 | 72 |
| Working Capital Days | 69 | 42 | 54 | 64 | 62 | 69 |
| ROCE % | 14% | 13% | 14% | 24% | 20% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1 Oct
- Shareholder Meeting / Postal Ballot-Outcome of AGM 29 Sep
- Update Record Date 18 Sep
- Reg. 34 (1) Annual Report. 8 Sep
- Notice Of The 21St Annual General Meeting Along With Annual Report Of Shri Venkatesh Refineries Limited ('The Company') For The Financial Year 2023-23. 8 Sep
Business Overview:[1][2][3]
Company does production, processing and preservation of edible oils (Soyabean and Cotton Seed Oil). The business process involves purchase of the raw oil, then refining, packaging and selling of the edible oil. Apart from refining, company does trading in edible oil viz. soyabean oil, sunflower oil, cotton seed oil, mustard oil, and palm oil, under its brand name Rich Soya, Rich Sun and Silver Gold. Company also sells the by-products generated during the refining process viz. Soya Acid Oil, Soyabean Sludge Oil and Soya Fatty Acid.