Shree Rama Multi-Tech Ltd
₹ 52.7
2.85%
26 Nov
10:43 a.m.
About
Incorporated in 1987, Shree Rama Multi-Tech
Ltd is in the business of manufacturing Packaging Materials[1]
Key Points
- Market Cap ₹ 704 Cr.
- Current Price ₹ 52.7
- High / Low ₹ 67.5 / 30.6
- Stock P/E 12.5
- Book Value ₹ 12.5
- Dividend Yield 0.00 %
- ROCE 15.3 %
- ROE 40.4 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 26.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.9%
Cons
- Stock is trading at 4.10 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 9.70% over past five years.
- Tax rate seems low
* 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
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 105 | 108 | 107 | 121 | 122 | 117 | 131 | 136 | 150 | 196 | 178 | 208 | 229 | |
| 144 | 99 | 92 | 107 | 112 | 109 | 114 | 124 | 148 | 182 | 163 | 176 | 189 | |
| Operating Profit | -39 | 9 | 15 | 14 | 11 | 8 | 17 | 12 | 2 | 15 | 15 | 32 | 40 |
| OPM % | -37% | 8% | 14% | 12% | 9% | 7% | 13% | 9% | 1% | 7% | 9% | 15% | 17% |
| 107 | 3 | 15 | 1 | 1 | 0 | 5 | 0 | 0 | 0 | 1 | 0 | 4 | |
| Interest | 6 | 6 | 7 | 7 | 5 | 4 | 3 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 21 | 16 | 14 | 12 | 11 | 9 | 9 | 8 | 7 | 6 | 6 | 9 | 10 |
| Profit before tax | 40 | -11 | 9 | -4 | -4 | -4 | 11 | 3 | -5 | 7 | 10 | 22 | 32 |
| Tax % | 17% | -24% | -20% | -40% | -37% | -32% | -97% | -0% | -0% | 29% | -0% | -135% | |
| 33 | -8 | 11 | -2 | -3 | -3 | 21 | 3 | -5 | 5 | 10 | 51 | 56 | |
| EPS in Rs | 0.26 | -0.37 | 0.38 | 0.75 | 3.84 | 4.22 | |||||||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 27% |
| 3 Years: | 132% |
| TTM: | 277% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 52% |
| 3 Years: | 63% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 24% |
| 3 Years: | 30% |
| Last Year: | 40% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 67 | 67 | 67 |
| Reserves | -30 | -31 | -21 | -23 | -25 | -28 | -7 | -4 | -7 | -2 | 36 | 86 | 101 |
| 161 | 153 | 132 | 124 | 108 | 105 | 77 | 70 | 79 | 82 | 12 | 39 | 22 | |
| 32 | 30 | 28 | 29 | 26 | 36 | 19 | 18 | 22 | 21 | 24 | 22 | 24 | |
| Total Liabilities | 196 | 184 | 172 | 161 | 140 | 145 | 121 | 116 | 126 | 133 | 138 | 214 | 213 |
| 126 | 109 | 97 | 89 | 78 | 75 | 67 | 60 | 54 | 50 | 47 | 71 | 86 | |
| CWIP | -0 | 1 | 3 | 1 | -0 | -0 | -0 | -0 | -0 | 0 | 2 | 17 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 |
| 70 | 74 | 72 | 71 | 62 | 69 | 54 | 56 | 72 | 84 | 90 | 126 | 127 | |
| Total Assets | 196 | 184 | 172 | 161 | 140 | 145 | 121 | 116 | 126 | 133 | 138 | 214 | 213 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15 | 16 | 8 | 17 | 9 | 13 | 15 | 1 | -11 | 3 | 21 | 20 | |
| 0 | -2 | 4 | -1 | 10 | -7 | 13 | -1 | 2 | -4 | -11 | -47 | |
| -13 | -4 | -14 | -16 | -20 | -6 | -28 | 0 | 9 | 2 | -8 | 25 | |
| Net Cash Flow | 2 | 9 | -2 | 0 | -1 | -0 | 0 | -0 | 0 | 1 | 2 | -2 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 61 | 60 | 80 | 79 | 78 | 72 | 52 | 63 | 68 | 70 | 87 | 89 |
| Inventory Days | 151 | 132 | 149 | 114 | 115 | 146 | 138 | 101 | 120 | 100 | 99 | 97 |
| Days Payable | 32 | 44 | 57 | 58 | 51 | 78 | 66 | 56 | 48 | 40 | 53 | 51 |
| Cash Conversion Cycle | 180 | 149 | 172 | 135 | 142 | 140 | 125 | 107 | 140 | 130 | 133 | 134 |
| Working Capital Days | -49 | 102 | 73 | 49 | 75 | 43 | 65 | 90 | 82 | 81 | 97 | 79 |
| ROCE % | -3% | -3% | 2% | 2% | 0% | -1% | 8% | 4% | -4% | 8% | 9% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
13 Nov - Board approved unaudited Q2/H1 results for Sept 30, 2025; Krunal Shah appointed CFO effective Nov 13, 2025.
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Unaudited Financial Result For The Quarter Ended On 30/09/2025
13 Nov - Approved Q2/H1 results: H1 revenue Rs11,737.08L, H1 net profit Rs1,452.05L; Krunal Shah appointed CFO effective 13 Nov 2025.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 13/11/2025
13 Nov - Board approved Q2/H1 Sep 30, 2025 unaudited results; appointed Krunal Shah as CFO effective Nov 13, 2025.
-
Board Meeting Intimation for Intimation Of Board Meeting
6 Nov - Board meeting 13 Nov 2025 to approve Q2/H1 unaudited results for period ended 30 Sep 2025; trading window closed.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
31 Oct - CFO Hemant Shah resigned; effective close of business 31 October 2025; resignation dated 01-08-2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Business Overview:[1][2]
SRMTL is a part of the Nirma group, which holds 61.57% stake in the company. It offers Primary Packaging Solutions manufacturing laminated tubes, flexible laminates and speciality packaging products. Company's major product is laminated tubes and laminates, which is used for packing products in paste or gel form