Silicon Rental Solutions Ltd
₹ 76.0
-3.61%
27 May
11:37 a.m.
About
Incorporated in 2016, Silicon Rental Solutions Ltd does trading and letting out on hire of Computers, Computer Software and Computer Accessories and other Equipment[1]
Key Points
- Market Cap ₹ 86.8 Cr.
- Current Price ₹ 76.0
- High / Low ₹ 229 / 57.0
- Stock P/E 8.47
- Book Value ₹ 96.5
- Dividend Yield 1.32 %
- ROCE 12.6 %
- ROE 9.69 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.79 times its book value
Cons
- Dividend payout has been low at 5.54% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -6.75%
- Working capital days have increased from 125 days to 193 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 8 | 12 | 14 | 25 | 36 | 63 | 102 | 114 | |
| 3 | 4 | 4 | 5 | 6 | 24 | 57 | 74 | |
| Operating Profit | 5 | 8 | 10 | 19 | 30 | 39 | 45 | 40 |
| OPM % | 65% | 65% | 70% | 78% | 82% | 61% | 44% | 35% |
| 0 | -0 | -0 | 0 | 0 | 0 | 1 | 2 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
| Depreciation | 4 | 5 | 6 | 5 | 15 | 21 | 27 | 28 |
| Profit before tax | 1 | 3 | 4 | 14 | 14 | 17 | 18 | 14 |
| Tax % | 27% | 23% | 26% | 26% | 24% | 25% | 28% | 26% |
| 1 | 2 | 3 | 10 | 11 | 13 | 13 | 10 | |
| EPS in Rs | 640.00 | 2,160.00 | 2,700.00 | 102.10 | 10.39 | 12.56 | 11.56 | 8.97 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 8% | 9% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 53% |
| 3 Years: | 46% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | -1% |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -24% |
| 1 Year: | -62% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 15% |
| Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 1 | 10 | 10 | 11 | 11 |
| Reserves | 2 | 6 | 9 | 16 | 41 | 53 | 90 | 99 |
| 4 | 4 | 5 | 17 | 2 | 6 | 5 | 6 | |
| 5 | 8 | 8 | 8 | 4 | 8 | 10 | 9 | |
| Total Liabilities | 11 | 18 | 22 | 42 | 57 | 77 | 116 | 125 |
| 6 | 11 | 14 | 26 | 40 | 44 | 58 | 50 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 |
| 5 | 7 | 8 | 15 | 17 | 33 | 58 | 53 | |
| Total Assets | 11 | 18 | 22 | 42 | 57 | 77 | 116 | 125 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 5 | 8 | 10 | 15 | 19 | 21 | 40 | ||
| -5 | -7 | -9 | -21 | -29 | -25 | -40 | ||
| 0 | -0 | 2 | 12 | 8 | 2 | 23 | ||
| Net Cash Flow | -0 | 0 | 3 | 6 | -2 | -2 | 23 | |
| Free Cash Flow | -0 | 0 | 1 | -6 | -10 | -4 | -0 | |
| CFO/OP | 102% | 106% | 115% | 91% | 74% | 66% | 99% |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 154 | 140 | 121 | 84 | 80 | 152 | 101 | 141 |
| Inventory Days | 0 | 0 | 4 | 18 | ||||
| Days Payable | 0 | 0 | ||||||
| Cash Conversion Cycle | 154 | 140 | 121 | 84 | 80 | 152 | 104 | 159 |
| Working Capital Days | -55 | -52 | -93 | -67 | 63 | 109 | 73 | 193 |
| ROCE % | 39% | 32% | 59% | 34% | 29% | 21% | 13% |
Insights
In beta| Mar 2021 | Mar 2022 | Nov 2023 | Mar 2025 | |
|---|---|---|---|---|
| Enterprise Customers Number |
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| Presence in States and UTs Number |
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| Tech Assets Deployed Number |
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| Locations Nationwide Number |
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| Number of Employees Number |
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| Revenue Contribution - Rental Service % |
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| Asset Turn (Revenue/Assets) Ratio |
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| Asset Turn (Revenue/Assets) % |
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| Fleet Utilization % |
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Documents
Announcements
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Statement Of Deviation And Variation For The Year Ended 31.03.2026
16h - No deviation in use of Rs. 2,546.78 lakh equity and Rs. 305.47 lakh warrant proceeds as of 31 March 2026.
- Results For The Financial Year Ended 31.03.2026 16h
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Board Meeting Outcome for Outcome Of The Board Meeting Dated 26.05.2026
17h - Board approved FY26 audited results and recommended 10% dividend; no deviation in preferential issue funds.
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Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results Of The Company For The Half Year And Financial Year Ended 31St March, 2026
21 May - Board meeting on 26 May 2026 to approve FY26 audited results and consider dividend.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Certificate pursuant to Regulation 74(5) of the SEBI (Depositories & Participiants) Regulations, 2018
Annual reports
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Dec 2025TranscriptAI SummaryPPT
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Sep 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
Business Overview:[1]
SRSL is an IT Equipment outsourcing company that provides end-to-end IT equipment like laptops, desktops, printers, servers, and other peripherals like CCTV cameras, projectors, storage devices, etc. on a rental and returnable basis. The company also sells the IT equipment to clients. Additionally, it offers complete networking project solutions with Cat 6E Cabling, Server setup, firewalls, CCTV, etc.