Shriram Properties Ltd
Shriram Properties is a part of Shriram Group.
They are one of the leading residential real estate development companies in South India primarily focused on the mid-market and affordable housing categories.
They are also present in plotted development, mid-market premium, luxury housing as well as commercial & office space categories in our core markets.
They commenced operations in Bengaluru in the year 2000 and have since expanded their presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, they also have presence in Kolkata in East India, where they are developing a large mixed-use project. [1]
- Market Cap ₹ 2,084 Cr.
- Current Price ₹ 122
- High / Low ₹ 141 / 62.4
- Stock P/E 44.1
- Book Value ₹ 91.9
- Dividend Yield 0.00 %
- ROCE 5.10 %
- ROE 3.31 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 32.4% CAGR over last 5 years
- Debtor days have improved from 69.4 to 43.2 days.
Cons
- The company has delivered a poor sales growth of -8.71% over past five years.
- Promoter holding is low: 27.9%
- Company has a low return on equity of 0.53% over last 3 years.
- Earnings include an other income of Rs.136 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: Realty Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|
353 | 173 | 213 | 452 | 263 | 125 | 207 | 135 | 143 | |
361 | 199 | 526 | 480 | 306 | 193 | 338 | 195 | 178 | |
Operating Profit | -8 | -25 | -313 | -28 | -43 | -68 | -131 | -60 | -35 |
OPM % | -2% | -15% | -147% | -6% | -16% | -55% | -63% | -45% | -24% |
55 | 236 | 543 | 99 | 111 | 121 | 118 | 156 | 136 | |
Interest | 223 | 146 | 37 | 44 | 46 | 46 | 36 | 40 | 40 |
Depreciation | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 3 |
Profit before tax | -178 | 62 | 191 | 25 | 20 | 4 | -52 | 53 | 58 |
Tax % | 0% | 4% | 13% | 0% | 50% | -287% | 24% | 4% | |
-178 | 59 | 167 | 25 | 10 | 15 | -40 | 50 | 47 | |
EPS in Rs | -11.99 | 4.01 | 11.24 | 1.70 | 0.66 | 1.01 | -2.36 | 2.96 | 2.77 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -9% |
3 Years: | -20% |
TTM: | -27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 32% |
3 Years: | 86% |
TTM: | 582% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 91% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 1% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 148 | 148 | 148 | 148 | 148 | 148 | 170 | 170 | 170 |
Reserves | -635 | 916 | 1,088 | 1,117 | 1,127 | 1,144 | 1,325 | 1,376 | 1,393 |
240 | 235 | 339 | 385 | 301 | 261 | 241 | 337 | 329 | |
1,907 | 359 | 808 | 502 | 441 | 399 | 294 | 229 | 195 | |
Total Liabilities | 1,659 | 1,658 | 2,383 | 2,152 | 2,018 | 1,951 | 2,030 | 2,112 | 2,087 |
3 | 3 | 3 | 31 | 56 | 54 | 53 | 54 | 52 | |
CWIP | 0 | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 |
Investments | 835 | 803 | 836 | 645 | 562 | 536 | 559 | 636 | 930 |
821 | 852 | 1,544 | 1,468 | 1,400 | 1,361 | 1,418 | 1,423 | 1,105 | |
Total Assets | 1,659 | 1,658 | 2,383 | 2,152 | 2,018 | 1,951 | 2,030 | 2,112 | 2,087 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
-4 | -49 | -57 | -119 | -50 | -20 | -114 | -116 | |
-1 | 89 | -1 | 109 | 193 | 95 | 16 | 11 | |
-23 | -39 | 81 | -10 | -133 | -88 | 176 | 54 | |
Net Cash Flow | -28 | 1 | 23 | -21 | 9 | -12 | 77 | -51 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 20 | 51 | 98 | 38 | 32 | 116 | 49 | 43 |
Inventory Days | 835 | 4,892 | 560 | 798 | 2,712 | 3,261 | ||
Days Payable | 146 | 398 | 87 | 124 | 351 | 392 | ||
Cash Conversion Cycle | 709 | 51 | 4,592 | 511 | 705 | 2,477 | 2,918 | 43 |
Working Capital Days | -1,645 | 268 | 1,333 | 470 | 677 | 1,527 | 946 | 1,866 |
ROCE % | 40% | 1% | 5% | 4% | 3% | -1% | 5% |
Documents
Announcements
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Compliances - Compliance Certificate For The Year Ended March 2024
2d - Compliances - Compliance Certificate for the year ended March 2024 under Regulation 7(3) of SEBI LODR is attached
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Regulation 40(10) Of SEBI (LODR) Regulations, 2015
18 Apr - Practicing Company Secretary Certificate under Reg 40(9) of SEBI LODR for the year ended March 31, 2024
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Dear sir Confirmation certificate received from RTA under Reg 74(5) of SEBI Depositories and Participants Regulation 2018 is attached
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Apr - Dear sir Confirmation certificate received from RTA under Reg 75(5) (Depositories and Participants) Regulation 2018 is attached.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2 Apr - Order from the Income Tax Department
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Dec 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
Part of Shriram group
Shriram Properties is part of the Shriram Group, which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries. [1]