Silicon Rental Solutions Ltd
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]
- Market Cap ₹ 230 Cr.
- Current Price ₹ 201
- High / Low ₹ 292 / 146
- Stock P/E 17.6
- Book Value ₹ 68.2
- Dividend Yield 0.50 %
- ROCE 29.2 %
- ROE 22.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 82.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.5%
Cons
- Company has high debtors of 152 days.
- Working capital days have increased from 53.0 days to 115 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: Miscellaneous Industry: Miscellaneous
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 8 | 12 | 14 | 25 | 36 | 63 | 94 | |
| 3 | 4 | 4 | 5 | 6 | 24 | 50 | |
| Operating Profit | 5 | 8 | 10 | 19 | 30 | 39 | 44 |
| OPM % | 65% | 65% | 70% | 78% | 82% | 61% | 47% |
| 0 | -0 | -0 | 0 | 0 | 0 | -0 | |
| Interest | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Depreciation | 4 | 5 | 6 | 5 | 15 | 21 | 25 |
| Profit before tax | 1 | 3 | 4 | 14 | 14 | 17 | 18 |
| Tax % | 27% | 23% | 26% | 26% | 24% | 25% | |
| 1 | 2 | 3 | 10 | 11 | 13 | 13 | |
| EPS in Rs | 640.00 | 2,160.00 | 2,700.00 | 102.10 | 10.39 | 12.56 | 12.68 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 66% |
| TTM: | 119% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 82% |
| 3 Years: | 68% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 33% |
| Last Year: | 23% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 1 | 10 | 10 | 10 |
| Reserves | 2 | 6 | 9 | 16 | 41 | 53 | 60 |
| 4 | 4 | 5 | 17 | 2 | 6 | 14 | |
| 5 | 8 | 8 | 8 | 4 | 8 | 19 | |
| Total Liabilities | 11 | 18 | 22 | 42 | 57 | 77 | 103 |
| 6 | 11 | 14 | 26 | 40 | 44 | 56 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5 | 7 | 8 | 15 | 17 | 33 | 47 | |
| Total Assets | 11 | 18 | 22 | 42 | 57 | 77 | 103 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| 5 | 8 | 10 | 15 | 19 | 21 | |
| -5 | -7 | -9 | -21 | -29 | -25 | |
| 0 | -0 | 2 | 12 | 8 | 2 | |
| Net Cash Flow | -0 | 0 | 3 | 6 | -2 | -2 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|
| Debtor Days | 154 | 140 | 121 | 84 | 80 | 152 |
| Inventory Days | 0 | 0 | ||||
| Days Payable | ||||||
| Cash Conversion Cycle | 154 | 140 | 121 | 84 | 80 | 152 |
| Working Capital Days | -55 | -52 | -85 | -20 | 64 | 115 |
| ROCE % | 39% | 32% | 59% | 34% | 29% |
Documents
Announcements
-
Board Meeting Intimation for To Consider And Approve The Audited Financial Results Of The Company For The Half Year And Financial Year Ended 31St March, 2025 Along With Independent Auditor Report Thereon And To Recommend Dividend.
1d - Board meeting on May 28, 2025 to approve FY25 results and dividend recommendation.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - Certificate Pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018
- Closure of Trading Window 26 Mar
-
Announcement under Regulation 30 (LODR)-Change in Management
4 Mar - Appointment of Mr. Ashok Kumar Jain as Additional Director.
-
Announcement under Regulation 30 (LODR)-Cessation
31 Jan - Resignation of Mr. Rajesh Krishna Vyas as Independent Director.
Annual reports
Concalls
-
Sep 2024TranscriptNotesPPT
-
Nov 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
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.