Shriram Properties Ltd

Shriram Properties Ltd

₹ 101 -0.08%
11 Jun 10:47 a.m.
About

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]

Key Points

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]

  • Market Cap 1,726 Cr.
  • Current Price 101
  • High / Low 148 / 63.1
  • Stock P/E 22.4
  • Book Value 79.6
  • Dividend Yield 0.00 %
  • ROCE 9.76 %
  • ROE 5.86 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 23.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 27.9%
  • Tax rate seems low
  • Company has a low return on equity of 5.85% over last 3 years.
  • Contingent liabilities of Rs.757 Cr.
  • Earnings include an other income of Rs.173 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
205 122 259 176 118 135 206 221 302 154 141 121 408
141 110 229 175 126 104 177 202 312 157 142 136 359
Operating Profit 64 13 30 1 -8 31 29 19 -10 -3 -1 -15 49
OPM % 31% 10% 12% 0% -7% 23% 14% 9% -3% -2% -1% -13% 12%
32 33 17 46 54 28 25 24 56 60 15 59 40
Interest 26 26 27 23 31 33 26 28 31 27 27 27 24
Depreciation 2 2 2 2 2 2 2 2 3 3 3 3 2
Profit before tax 68 17 18 22 14 24 26 14 12 27 -16 14 63
Tax % 5% 40% -8% -1% -15% 32% 22% -34% -63% 36% -95% 8% 24%
65 10 20 22 16 17 20 18 20 17 -1 13 48
EPS in Rs 3.82 0.52 1.15 1.32 0.90 0.98 1.19 1.09 1.19 1.02 -0.06 0.76 2.80
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
368 650 572 432 433 674 865 823
367 652 582 415 358 631 784 794
Operating Profit 1 -2 -10 17 74 43 81 29
OPM % 0% -0% -2% 4% 17% 6% 9% 4%
408 203 63 73 87 142 123 173
Interest 94 113 128 129 122 106 118 105
Depreciation 2 5 6 7 7 8 9 10
Profit before tax 312 83 -82 -45 33 72 76 88
Tax % -10% 41% 6% 51% 45% 5% 1% 12%
343 49 -86 -68 18 68 75 77
EPS in Rs 23.15 3.39 -5.80 -4.60 0.58 3.88 4.43 4.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 24%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 101%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 13%
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 148 148 148 148 170 170 170 170
Reserves 790 832 756 690 963 1,030 1,107 1,185
807 846 739 727 545 644 656 655
1,540 1,528 1,759 1,719 1,950 1,791 1,842 1,928
Total Liabilities 3,285 3,353 3,403 3,284 3,628 3,634 3,775 3,939
30 60 81 76 82 81 86 82
CWIP 0 8 0 0 0 0 0 0
Investments 346 296 99 36 39 121 121 187
2,909 2,989 3,223 3,172 3,507 3,432 3,568 3,670
Total Assets 3,285 3,353 3,403 3,284 3,628 3,634 3,775 3,939

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-297 -179 129 146 124 5 221 154
203 172 100 9 30 -30 -34 -48
122 -7 -227 -119 -100 -9 -108 -128
Net Cash Flow 28 -14 2 36 54 -33 79 -22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 156 121 105 112 91 43 32 42
Inventory Days 7,272 7,584 10,012 4,839 4,052 1,819
Days Payable 520 511 716 303 254 131
Cash Conversion Cycle 156 6,873 7,178 9,409 91 4,579 3,830 1,729
Working Capital Days 978 581 699 899 994 719 601 700
ROCE % 4% 2% 5% 10% 10% 10% 10%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
28.00% 28.00% 28.00% 28.00% 27.99% 27.99% 27.99% 27.94% 27.94% 27.94% 27.94% 27.94%
5.02% 5.03% 4.69% 4.45% 4.51% 5.44% 6.67% 1.62% 1.07% 0.97% 1.41% 2.48%
43.32% 9.37% 9.44% 8.74% 6.43% 4.05% 3.60% 2.38% 3.23% 3.30% 1.60% 1.81%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01%
23.65% 57.59% 57.87% 58.80% 61.05% 62.52% 61.72% 68.07% 67.77% 67.79% 69.04% 67.77%
No. of Shareholders 77,97570,76569,21967,57467,96673,71875,39579,44782,67884,84086,62587,149

* 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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