Shree Rama Multi-Tech Ltd

Shree Rama Multi-Tech Ltd

₹ 24.0 1.83%
26 Apr 3:31 p.m.
About

Incorporated in 1987, Shree Rama Multi-Tech
Ltd is in the business of manufacturing Packaging Materials[1]

Key Points

Business Overview:[1][2]
SRMTL is a part of the Nirma group, which holds 42.51% 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

  • Market Cap 320 Cr.
  • Current Price 24.0
  • High / Low 35.5 / 9.31
  • Stock P/E 30.8
  • Book Value 7.28
  • Dividend Yield 0.00 %
  • ROCE 7.93 %
  • ROE 18.6 %
  • Face Value 5.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.24 times its book value
  • The company has delivered a poor sales growth of 9.90% over past five years.
  • Company has a low return on equity of 4.67% over last 3 years.
  • Contingent liabilities of Rs.206 Cr.

* 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: Packaging Industry: Packaging

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
35.65 37.77 35.33 37.14 40.33 37.51 48.22 52.03 48.97 47.05 43.85 43.77 43.47
31.64 35.60 33.54 38.48 39.36 36.98 45.16 49.95 45.12 41.52 40.72 39.98 39.86
Operating Profit 4.01 2.17 1.79 -1.34 0.97 0.53 3.06 2.08 3.85 5.53 3.13 3.79 3.61
OPM % 11.25% 5.75% 5.07% -3.61% 2.41% 1.41% 6.35% 4.00% 7.86% 11.75% 7.14% 8.66% 8.30%
0.04 0.07 0.05 0.08 0.36 -0.06 0.00 0.00 0.02 0.10 0.55 0.46 0.01
Interest 0.20 0.13 0.10 0.11 0.20 0.24 0.27 0.40 0.42 0.34 0.35 0.26 0.07
Depreciation 1.82 1.93 1.69 1.65 1.70 1.61 1.51 1.54 1.55 1.51 1.38 1.43 1.45
Profit before tax 2.03 0.18 0.05 -3.02 -0.57 -1.38 1.28 0.14 1.90 3.78 1.95 2.56 2.10
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 107.89% 0.00% 0.00% 0.00% 0.00%
2.03 0.18 0.05 -3.03 -0.57 -1.38 1.28 0.14 -0.15 3.78 1.95 2.56 2.11
EPS in Rs 0.15 0.01 0.00 -0.23 -0.04 -0.10 0.10 0.01 -0.01 0.28 0.15 0.19 0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
72 85 105 108 107 121 122 117 131 136 150 196 178
64 78 144 99 92 107 112 109 114 124 148 182 162
Operating Profit 9 7 -39 9 15 14 11 8 17 12 2 15 16
OPM % 12% 8% -37% 8% 14% 12% 9% 7% 13% 9% 1% 7% 9%
11 -8 107 3 15 1 1 0 5 0 0 0 1
Interest 2 5 6 6 7 7 5 4 3 1 1 1 1
Depreciation 24 22 21 16 14 12 11 9 9 8 7 6 6
Profit before tax -6 -28 40 -11 9 -4 -4 -4 11 3 -5 7 10
Tax % 107% 29% 17% 24% -20% 40% 37% 32% -97% 0% 0% 29%
0 -20 33 -8 11 -2 -3 -3 21 3 -5 5 10
EPS in Rs 0.26 -0.37 0.38 0.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 14%
TTM: -5%
Compounded Profit Growth
10 Years: 10%
5 Years: 32%
3 Years: -31%
TTM: 9555%
Stock Price CAGR
10 Years: 21%
5 Years: 36%
3 Years: 36%
1 Year: 132%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 5%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 32 32 32 32 32 32 32 32 32 32 32 32 67
Reserves -168 -63 -30 -31 -21 -23 -25 -28 -7 -4 -7 -2 30
Preference Capital 7 7 7 7 0 0 7 7 7 7 7 7
296 163 155 146 132 124 101 98 71 63 73 76 11
85 80 39 37 28 29 32 43 25 25 28 28 18
Total Liabilities 244 212 196 184 172 161 140 145 121 116 126 133 127
178 148 126 109 97 89 78 75 67 60 54 50 49
CWIP 0 0 0 1 3 1 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
66 64 70 74 72 71 62 69 54 56 72 84 77
Total Assets 244 212 196 184 172 161 140 145 121 116 126 133 127

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 10 15 16 8 17 9 13 15 1 -11 3
-4 -2 0 -2 4 -1 10 -7 13 -1 2 -4
-8 -12 -13 -4 -14 -16 -20 -6 -28 0 9 2
Net Cash Flow -8 -4 2 9 -2 0 -1 -0 0 -0 0 1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 64 58 61 60 80 79 78 72 52 63 68 70
Inventory Days 193 184 151 132 149 114 115 146 138 101 120 100
Days Payable 33 54 32 44 57 58 51 78 66 56 48 40
Cash Conversion Cycle 223 187 180 149 172 135 142 140 125 107 140 130
Working Capital Days 144 127 132 111 132 74 88 84 65 93 109 107
ROCE % -7% -8% -3% -3% 2% 2% 0% -1% 8% 4% -4% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.51% 42.51% 42.51% 42.51% 42.51% 42.51% 42.51% 42.51% 42.51% 61.57% 61.57% 61.57%
57.49% 57.49% 57.49% 57.49% 57.49% 57.48% 57.49% 57.49% 57.48% 38.42% 38.43% 38.43%
No. of Shareholders 18,96219,45519,98221,96922,44021,82121,37821,35122,05423,04522,29823,715

Documents