Shrenik Ltd

₹ 0.39 -2.50%

08 Apr - close price

About

Incorporated in 2012, Shrenik Ltd does Trading and Processing of all kinds of Paper, Pulp, Paper Boards etc.^[1]

Key Points

Business Overview:^[1]
SL is a Paper-Trading Company with its operations in Gujarat, Rajasthan, and Maharashtra. It is a Whole-sale Distributor for Ballarpur Industries Limited, Tamilnadu Newsprint and Papers Limited, Asia Pulp and Paper (Indonesia and China), Shah Pulp and Paper Mills Limited, NR Agarwal Industries Limited, April Fine Paper Trading Pte Ltd (Singapore) and Naini Group.

Website NSE - BZ

Market Cap ₹ 23.9 Cr.
Current Price ₹ 0.39
High / Low ₹ 0.77 / 0.36
Stock P/E 18.4
Book Value ₹ -2.88
Dividend Yield 0.00 %
ROCE %
ROE %
Face Value ₹ 1.00

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Pros

Company is expected to give good quarter

Cons

The company has delivered a poor sales growth of -53.1% over past five years.
Promoter holding is low: 25.4%
Promoters have pledged 99.9% of their holding.
Earnings include an other income of Rs.0.56 Cr.
Promoter holding has decreased over last 3 years: -20.7%

* 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

Commodities Forest Materials Paper, Forest & Jute Products Paper & Paper Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	10.83	12.00	8.60	9.15	10.45	5.99	3.24	4.84	4.65	4.75	5.83	9.02	9.19
	39.75	68.79	117.82	-93.70	10.29	248.79	3.54	5.00	5.01	4.80	6.29	8.84	8.12
Operating Profit	-28.92	-56.79	-109.22	102.85	0.16	-242.80	-0.30	-0.16	-0.36	-0.05	-0.46	0.18	1.07
OPM %	-267.04%	-473.25%	-1,270.00%	1,124.04%	1.53%	-4,053.42%	-9.26%	-3.31%	-7.74%	-1.05%	-7.89%	2.00%	11.64%
	30.06	55.63	62.02	-55.63	0.00	7.86	0.15	0.21	0.29	0.13	0.39	0.04	0.00
Interest	0.66	1.57	0.15	0.16	0.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	-0.01	0.17	0.10	0.10	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.49	-2.90	-47.45	46.96	-0.08	-234.94	-0.15	0.05	-0.07	0.08	-0.07	0.22	1.07
Tax %	0.00%	-4.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.48	-2.78	-47.45	46.96	-0.08	-234.94	-0.15	0.05	-0.07	0.08	-0.07	0.22	1.07
EPS in Rs	0.01	-0.05	-0.78	0.77	-0.00	-3.84	-0.00	0.00	-0.00	0.00	-0.00	0.00	0.02
Raw PDF

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
	213.09	265.72	329.23	427.58	593.17	836.50	795.53	363.67	63.82	48.56	34.15	18.10	28.79
	204.41	256.03	318.30	413.85	571.73	806.99	762.15	349.53	60.09	130.09	281.16	18.29	28.05
Operating Profit	8.68	9.69	10.93	13.73	21.44	29.51	33.38	14.14	3.73	-81.53	-247.01	-0.19	0.74
OPM %	4.07%	3.65%	3.32%	3.21%	3.61%	3.53%	4.20%	3.89%	5.84%	-167.90%	-723.31%	-1.05%	2.57%
	0.19	-0.02	0.24	0.36	0.79	1.32	1.28	4.65	0.26	85.69	12.61	0.16	0.56
Interest	7.35	7.90	6.35	7.29	9.46	12.99	16.72	18.63	17.77	3.51	0.80	0.06	0.00
Depreciation	0.09	0.25	0.29	0.33	0.70	0.77	2.35	1.60	0.88	0.54	0.31	0.00	0.00
Profit before tax	1.43	1.52	4.53	6.47	12.07	17.07	15.59	-1.44	-14.66	0.11	-235.51	-0.09	1.30
Tax %	32.87%	32.24%	35.10%	35.24%	35.21%	36.26%	27.71%	3.47%	-1.84%	-109.09%	0.00%	0.00%
	0.96	1.03	2.94	4.18	7.82	10.88	11.26	-1.48	-14.39	0.23	-235.51	-0.09	1.30
EPS in Rs	0.05	0.06	0.07	0.09	0.13	0.18	0.18	-0.02	-0.24	0.00	-3.85	-0.00	0.02
Dividend Payout %	31.25%	0.00%	0.00%	0.00%	26.09%	18.75%	18.12%	-413.51%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-24%
5 Years:	-53%
3 Years:	-34%
TTM:	54%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	26%
TTM:	101%

Stock Price CAGR
10 Years:	%
5 Years:	-26%
3 Years:	-33%
1 Year:	-44%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

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	6.00	6.00	15.00	15.00	20.40	20.40	20.40	61.20	61.20	61.20	61.20	61.20	61.20
Reserves	0.71	2.09	8.63	13.06	34.69	43.18	55.28	12.34	-1.97	-1.74	-237.25	-237.34	-237.19
	55.06	59.60	63.50	92.95	123.61	164.99	174.19	175.81	197.88	146.42	124.65	123.46	123.94
	10.99	12.55	26.27	25.99	26.79	68.82	83.45	104.16	101.82	57.72	54.25	54.27	55.76
Total Liabilities	72.76	80.24	113.40	147.00	205.49	297.39	333.32	353.51	358.93	263.60	2.85	1.59	3.71
	1.54	1.99	2.94	3.42	5.65	6.57	12.16	9.60	2.89	2.06	0.01	0.01	0.01
CWIP	0.00	0.00	0.00	0.59	0.00	4.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.52	0.52	0.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	70.70	77.73	109.94	142.99	199.84	285.90	321.16	343.91	356.04	261.54	2.84	1.58	3.70
Total Assets	72.76	80.24	113.40	147.00	205.49	297.39	333.32	353.51	358.93	263.60	2.85	1.59	3.71

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
	-7.26	5.96	-7.45	-13.09	-47.14	-18.10	10.45	26.87	-7.66	46.85	20.83	-0.79
	0.04	-0.56	-1.00	-10.25	2.32	-7.52	-0.29	3.32	6.60	1.97	2.30	0.04
	6.60	-3.10	8.10	22.17	43.41	26.63	-7.70	-32.46	-0.49	-48.83	-22.14	-0.15
Net Cash Flow	-0.63	2.30	-0.36	-1.18	-1.40	1.01	2.47	-2.27	-1.55	-0.01	0.99	-0.90
Free Cash Flow	-7.36	5.27	-8.69	-14.03	-49.35	-24.65	8.52	28.05	-1.78	47.23	22.28	-0.79
CFO/OP	-78%	67%	-54%	-79%	-200%	-38%	44%	190%	-206%	-57%	-8%	416%

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	51.99	57.61	53.44	41.52	33.49	53.00	58.68	143.91	879.84	1,021.19	3.31	2.22
Inventory Days	67.66	43.17	66.03	68.59	86.76	68.99	90.14			478.87	0.00	0.00
Days Payable	17.84	16.16	27.88	13.44	12.64	23.35	33.79			222.17
Cash Conversion Cycle	101.80	84.62	91.58	96.67	107.61	98.64	115.02	143.91	879.84	1,277.88	3.31	2.22
Working Capital Days	44.77	20.15	30.47	40.88	51.49	35.60	46.56	92.41	591.82	456.70	-1,855.35	-3,486.05
ROCE %	16.15%	14.80%	14.06%	13.29%	14.43%	14.89%	13.51%	6.94%	1.24%	1.56%	-303.50%

Insights

In beta

Mar 2017

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Debtors Turnover Ratio
Times

	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xx		xx	xx	x	x	x

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Number of Permanent Employees
Number

Shareholding Pattern

Numbers in percentages

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	45.29%	44.42%	42.07%	39.42%	36.30%	33.00%	30.72%	30.72%	29.34%	25.80%	25.38%	25.38%
	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%	0.00%
	54.71%	55.58%	57.93%	60.58%	63.65%	67.00%	69.28%	69.28%	70.66%	74.15%	74.62%	74.62%
No. of Shareholders	1,14,306	1,10,223	1,08,005	1,08,005	1,06,553	1,12,710	1,14,800	1,14,800	1,39,608	1,52,972	1,55,946	1,55,946

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	73.54%	73.54%	73.54%	63.39%	46.36%	42.07%	30.72%	25.38%	25.38%
	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	26.25%	26.45%	26.46%	36.60%	53.64%	57.93%	69.28%	74.62%	74.62%
No. of Shareholders	305	549	742	28,097	1,22,261	1,08,005	1,14,800	1,55,946	1,55,946

* 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.

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Rating update
15 Sep 2014 from crisil