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 ₹ 1,397 Cr.
- Current Price ₹ 82.0
- High / Low ₹ 148 / 63.1
- Stock P/E 28.2
- Book Value ₹ 76.0
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 6.08 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.08 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.5% CAGR over last 5 years
- Debtor days have improved from 55.2 to 32.4 days.
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 4.43% over last 3 years.
- Contingent liabilities of Rs.757 Cr.
- Earnings include an other income of Rs.190 Cr.
- Company's cost of borrowing seems high
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|
368 | 650 | 572 | 432 | 433 | 674 | 865 | 718 | |
367 | 652 | 582 | 415 | 358 | 631 | 784 | 748 | |
Operating Profit | 1 | -2 | -10 | 17 | 74 | 43 | 81 | -30 |
OPM % | 0% | -0% | -2% | 4% | 17% | 6% | 9% | -4% |
408 | 203 | 63 | 73 | 87 | 142 | 123 | 190 | |
Interest | 94 | 113 | 128 | 129 | 122 | 106 | 118 | 111 |
Depreciation | 2 | 5 | 6 | 7 | 7 | 8 | 9 | 11 |
Profit before tax | 312 | 83 | -82 | -45 | 33 | 72 | 76 | 38 |
Tax % | -10% | 41% | 6% | 51% | 45% | 5% | 1% | |
343 | 49 | -86 | -68 | 18 | 68 | 75 | 50 | |
EPS in Rs | 23.15 | 3.39 | -5.80 | -4.60 | 0.58 | 3.88 | 4.43 | 2.90 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 26% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 30% |
3 Years: | 45% |
TTM: | -29% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 10% |
1 Year: | -31% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 4% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 148 | 148 | 148 | 148 | 170 | 170 | 170 | 170 |
Reserves | 790 | 832 | 756 | 690 | 963 | 1,030 | 1,107 | 1,124 |
807 | 846 | 739 | 727 | 545 | 644 | 656 | 541 | |
1,540 | 1,528 | 1,759 | 1,719 | 1,950 | 1,791 | 1,842 | 2,017 | |
Total Liabilities | 3,285 | 3,353 | 3,403 | 3,284 | 3,628 | 3,634 | 3,775 | 3,852 |
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 | 62 |
2,909 | 2,989 | 3,223 | 3,172 | 3,507 | 3,432 | 3,568 | 3,708 | |
Total Assets | 3,285 | 3,353 | 3,403 | 3,284 | 3,628 | 3,634 | 3,775 | 3,852 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
-297 | -179 | 129 | 146 | 124 | 5 | 221 | |
203 | 172 | 100 | 9 | 30 | -30 | -34 | |
122 | -7 | -227 | -119 | -100 | -9 | -108 | |
Net Cash Flow | 28 | -14 | 2 | 36 | 54 | -33 | 79 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 156 | 121 | 105 | 112 | 91 | 43 | 32 |
Inventory Days | 7,272 | 7,584 | 10,012 | 4,839 | 4,052 | ||
Days Payable | 520 | 511 | 716 | 303 | 254 | ||
Cash Conversion Cycle | 156 | 6,873 | 7,178 | 9,409 | 91 | 4,579 | 3,830 |
Working Capital Days | 978 | 581 | 699 | 899 | 994 | 719 | 601 |
ROCE % | 4% | 2% | 5% | 10% | 10% | 10% |
Documents
Announcements
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Board Meeting Intimation for Approval Of Financial Statements
17h - Board meeting on May 27, 2025 to approve audited financials for March 31, 2025 year-end.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
23 Apr - Shriram Properties acquires 5-acre Yelahanka land for ₹200-250 Cr residential project launching H2-FY26.
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Announcement Under Regulation 30 (LODR)
16 Apr - Approval and revision of corporate guarantees for Kinetic Realtors.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr
- Closure of Trading Window 31 Mar
Annual reports
Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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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]