Sharat Industries Ltd

Sharat Industries Ltd

₹ 59.3 -2.00%
13 Dec - close price
About

Incorporated in 1990, Sharat Industries
Ltd is in the business of Shrimp Aquaculture
and manufactures & sells shrimp feeds[1]

Key Points

Business Overview:[1]
SIL is a vertically integrated aquaculture company with operations across shrimp, hatchery, farming, shrimp feed manufacturing, shrimp processing and cold storage. Co started with Black Tiger and Scampi shrimps and then became a pioneer of Vannamei (white shrimp) culture in India. At present, company produces a wide range of raw and cooked frozen-shrimp and also sells shrimp feed

  • Market Cap 183 Cr.
  • Current Price 59.3
  • High / Low 64.9 / 32.6
  • Stock P/E 22.7
  • Book Value 26.0
  • Dividend Yield 0.42 %
  • ROCE 9.99 %
  • ROE 7.22 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 4.63% over last quarter.

Cons

  • The company has delivered a poor sales growth of 9.39% over past five years.
  • Company has a low return on equity of 7.23% over last 3 years.
  • Promoter holding has decreased over last 3 years: -8.51%

* 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: Aquaculture

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
66.74 57.48 53.38 86.36 98.26 85.32 62.60 79.90 96.84 60.75 64.67 89.85 100.34
63.10 54.29 51.11 81.54 92.81 80.86 58.89 74.12 89.64 56.05 61.14 82.47 91.13
Operating Profit 3.64 3.19 2.27 4.82 5.45 4.46 3.71 5.78 7.20 4.70 3.53 7.38 9.21
OPM % 5.45% 5.55% 4.25% 5.58% 5.55% 5.23% 5.93% 7.23% 7.43% 7.74% 5.46% 8.21% 9.18%
0.02 0.57 0.47 1.45 0.13 1.53 0.36 0.17 0.42 0.09 -0.14 0.30 0.22
Interest 1.50 1.90 1.30 1.56 2.12 2.43 2.47 2.31 2.52 2.40 2.16 2.24 2.84
Depreciation 1.00 0.96 1.03 0.97 1.09 1.06 1.13 1.15 1.18 1.17 1.20 1.21 1.17
Profit before tax 1.16 0.90 0.41 3.74 2.37 2.50 0.47 2.49 3.92 1.22 0.03 4.23 5.42
Tax % 27.59% 27.78% -21.95% 27.81% 27.85% 28.00% 31.91% 27.71% 28.32% 25.41% -1,100.00% 27.90% 31.37%
0.83 0.65 0.51 2.70 1.71 1.81 0.33 1.80 2.81 0.91 0.36 3.06 3.73
EPS in Rs 0.23 0.18 0.13 0.68 0.43 0.46 0.08 0.46 0.71 0.23 0.09 0.77 0.94
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 TTM
59 137 199 145 158 147 193 199 250 246 332 302 316
54 131 189 136 152 140 181 187 239 233 313 281 291
Operating Profit 5 7 10 9 6 8 12 12 11 14 19 21 25
OPM % 8% 5% 5% 7% 4% 5% 6% 6% 5% 6% 6% 7% 8%
1 1 2 2 4 1 1 2 2 1 3 1 0
Interest 0 1 2 4 5 4 6 8 6 6 9 10 10
Depreciation 3 3 5 4 3 3 3 3 3 4 4 5 5
Profit before tax 2 4 4 3 3 2 4 3 4 5 9 8 11
Tax % 33% 35% 34% 34% 34% 31% 18% 31% 34% 23% 28% 23%
2 3 3 2 2 1 3 2 3 3 7 6 8
EPS in Rs 0.42 0.71 0.71 0.58 0.47 0.29 0.80 0.49 0.71 0.88 1.66 1.49 2.03
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 10%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 6%
TTM: -3%
Compounded Profit Growth
10 Years: 9%
5 Years: 15%
3 Years: 32%
TTM: 19%
Stock Price CAGR
10 Years: %
5 Years: 32%
3 Years: 7%
1 Year: 31%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 7%
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 Sep 2024
Equity Capital 22 22 22 22 22 22 22 22 22 24 24 24 24
Reserves 18 21 23 25 27 28 31 33 35 46 55 60 79
0 11 30 39 30 43 55 58 82 89 89 96 108
16 17 26 17 17 17 34 40 42 27 30 24 23
Total Liabilities 56 71 101 103 96 110 142 152 181 186 198 204 234
27 29 34 36 36 37 43 42 42 46 49 46 45
CWIP 3 4 0 0 0 1 0 2 2 3 1 2 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
26 38 67 67 60 72 98 109 137 138 147 156 188
Total Assets 56 71 101 103 96 110 142 152 181 186 198 204 234

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
5 7 -2 -2 7 -3 -3 7 -11 2 17 -2
-2 -10 -8 -8 0 -4 -9 -3 -6 -8 -6 -2
-0 -1 16 5 -8 3 13 -5 17 9 -7 -4
Net Cash Flow 3 -3 7 -4 -1 -3 1 -0 0 3 4 -7

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 75 59 26 44 30 57 79 71 61 84 62 68
Inventory Days 39 24 90 128 105 115 103 136 122 114 82 106
Days Payable 95 55 57 44 27 45 50 61 50 26 24 19
Cash Conversion Cycle 18 28 60 128 107 128 132 146 133 172 120 155
Working Capital Days 11 40 52 103 97 123 121 129 133 155 117 155
ROCE % 6% 10% 13% 9% 9% 7% 9% 9% 8% 7% 11% 10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.27% 38.91% 38.95% 38.95% 38.95% 38.95% 38.95% 38.95% 38.95% 38.95% 38.95% 43.58%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.23%
0.39% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.22%
54.33% 60.73% 60.69% 60.69% 60.69% 60.68% 60.69% 60.68% 60.68% 60.69% 60.69% 55.97%
No. of Shareholders 37,02037,12137,06137,06636,99836,94936,87136,88037,02337,37737,36238,234

* 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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