Shri Venkatesh Refineries Ltd

Shri Venkatesh Refineries Ltd

₹ 135 -4.96%
07 Oct - close price
About

Incorporated in 2003, Shri Venkatesh Refineries Ltd manufactures and trades Refined Oil and Raw Oil[1]

Key Points

Business Overview:[1][2]
SVRL is a refinery company which sells edible oil brand Rich Soya in Maharashtra. It does production, processing and preservation of
edible oils, mainly Soyabean Oil and Cotton Seed Oil. The business involves purchase of raw oil, refining, packaging and selling of edible oil. Apart from refining, company also does trading of edible oil viz. soyabean oil, sunflower oil, cotton seed oil, mustard oil, and palm oil. Company sells the by-products generated during the refining process viz. Soya Acid Oil, Soyabean Sludge Oil and Soya Fatty Acid.

  • Market Cap 299 Cr.
  • Current Price 135
  • High / Low 163 / 68.5
  • Stock P/E 19.7
  • Book Value 37.6
  • Dividend Yield 0.74 %
  • ROCE 16.6 %
  • ROE 20.6 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 64.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%

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

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
144.15 166.92 145.02 155.87 176.23 147.63 159.72 145.55 152.84 134.45 124.54 163.40 165.27
140.96 163.58 134.69 147.07 166.28 143.70 150.20 141.17 145.31 126.26 114.82 159.43 157.57
Operating Profit 3.19 3.34 10.33 8.80 9.95 3.93 9.52 4.38 7.53 8.19 9.72 3.97 7.70
OPM % 2.21% 2.00% 7.12% 5.65% 5.65% 2.66% 5.96% 3.01% 4.93% 6.09% 7.80% 2.43% 4.66%
0.10 0.03 0.04 0.27 0.10 0.30 0.01 0.02 0.04 0.06 0.07 0.24 0.07
Interest 1.17 1.98 1.39 1.50 1.51 1.80 2.47 2.09 2.59 2.68 3.94 -0.80 2.60
Depreciation 0.00 0.32 0.22 0.24 0.19 0.23 0.26 0.32 0.25 0.25 0.25 0.25 0.33
Profit before tax 2.12 1.07 8.76 7.33 8.35 2.20 6.80 1.99 4.73 5.32 5.60 4.76 4.84
Tax % -12.74% 25.23% 32.65% 31.79% 25.15% 25.91% 15.88% 30.65% 27.06% 25.94% 25.71% 27.10% 25.62%
2.38 0.80 5.90 4.99 6.24 1.62 5.72 1.39 3.45 3.94 4.16 3.47 3.60
EPS in Rs 1.46 0.49 2.67 2.26 2.82 0.73 2.59 0.63 1.56 1.78 1.88 1.57 1.63
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
132 227 235 337 612 629 575 588
128 222 228 327 586 601 545 558
Operating Profit 4 5 7 10 26 28 29 30
OPM % 3% 2% 3% 3% 4% 4% 5% 5%
0 0 0 0 0 0 0 0
Interest 3 3 4 5 6 8 8 8
Depreciation 0 0 1 1 1 1 1 1
Profit before tax 1 2 3 5 19 19 20 21
Tax % 31% 32% 26% 25% 27% 26% 26%
1 1 2 4 14 14 15 15
EPS in Rs 21.00 1.43 1.81 2.15 6.37 6.49 6.79 6.86
Dividend Payout % 0% 0% 0% 0% 8% 8% 0%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 19%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 64%
3 Years: 62%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 35%
Return on Equity
10 Years: %
5 Years: 22%
3 Years: 25%
Last Year: 21%

Balance Sheet

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 4 6 8 11 11 22
Reserves 4 16 18 19 42 55 58
19 26 36 58 73 77 124
9 3 8 9 15 25 33
Total Liabilities 33 49 67 93 141 168 237
5 19 22 23 23 24 24
CWIP 0 0 0 0 0 0 3
Investments 0 0 0 0 0 0 0
29 30 45 71 119 144 209
Total Assets 33 49 67 93 141 168 237

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 -2 -15 -20 7 -28
-1 -4 -1 -1 -2 -5
-2 7 16 21 -5 37
Net Cash Flow 0 0 0 0 0 4

Ratios

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 11 18 0 1 2 7
Inventory Days 63 35 48 71 68 80 122
Days Payable 7 3 10 7 5 9 18
Cash Conversion Cycle 75 43 56 64 64 72 112
Working Capital Days 69 42 54 64 62 69 109
ROCE % 14% 13% 14% 24% 20% 17%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Sep 2023Dec 2023Mar 2024
100.00% 73.53% 73.53% 73.53% 73.52% 73.52% 73.52% 73.52% 73.52% 73.52%
0.00% 26.47% 26.47% 26.47% 26.47% 26.48% 26.47% 26.48% 26.47% 26.48%
No. of Shareholders 15390356391439446511598596600

Documents