Shri Ram Switchgears Ltd

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Shri Ram Switch. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Shri Ram Switchgears Ltd

₹ 6.30 -37.62%
26 Feb 2024
shriramswitchgears.com NSE - SME: SRIRAM
About

Incorporated in 1985, Shri Ram Switchgears Ltd does engineering and manufacturing of Electrical Products[1]

Key Points

Business Overview:[1][2]
Company manufactures electrical items viz. Transformers (EHV, Power, Distribution, Dry
Type and Special Application) upto 50 mVA
132 kV Class and Oil/Dry Type Compact Sub-Stations, switchgear, meter boxes, feeder pillars, distribution boxes, relay panels, low tension & high tension line materials, acb boxes, junction boxes, etc. used in distribution of power and also undertakes erection, installation, operation and maintenance of these items for its customers. Its manufacturing units are located in Ratlam. Company also undertakes EPC contracts in Power Transmission and Distribution sector covering the full range from design and engineering to testing and commissioning of electrical substations and transmission lines. The contracts are primarily secured through biding for tenders floated by the discoms

Website NSE - SZ
  • Market Cap ₹ Cr.
  • Current Price ₹ 6.30
  • High / Low ₹ /
  • Stock P/E
  • Book Value ₹ -68.5
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -24.5% over past five years.
  • Company has high debtors of 211 days.

* 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

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Half Yearly Results

Figures in Rs. Crores

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
18.34 11.37 11.06 1.18 7.87 1.57 2.76 1.46 1.26 0.85
14.75 7.64 11.99 2.95 15.66 3.85 13.72 2.20 2.09 1.06
Operating Profit 3.59 3.73 -0.93 -1.77 -7.79 -2.28 -10.96 -0.74 -0.83 -0.21
OPM % 19.57% 32.81% -8.41% -150.00% -98.98% -145.22% -397.10% -50.68% -65.87% -24.71%
0.72 0.35 0.22 0.05 0.16 0.16 0.09 0.03 0.31 0.01
Interest 3.60 3.70 2.16 2.44 4.34 1.50 2.01 1.18 1.12 0.70
Depreciation 0.29 0.23 0.25 0.23 0.18 0.16 0.16 0.16 0.10 0.13
Profit before tax 0.42 0.15 -3.12 -4.39 -12.15 -3.78 -13.04 -2.05 -1.74 -1.03
Tax % 0.00% 20.00% -1.28% 0.00% 2.30% 0.26% -0.08% 0.00% 4.02% 0.00%
0.42 0.11 -3.09 -4.39 -12.42 -3.79 -13.03 -2.05 -1.82 -1.03
EPS in Rs 0.42 0.11 -3.09 -4.39 -12.41 -3.79 -13.02 -2.05 -1.82 -1.03
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 2025 Mar 2026
38.89 52.89 45.37 68.38 51.12 26.81 20.76 7.83 4.02 2.47 2.12 1.92
35.78 48.80 41.76 57.79 39.90 19.18 17.97 17.39 17.26 4.05 2.93 2.91
Operating Profit 3.11 4.09 3.61 10.59 11.22 7.63 2.79 -9.56 -13.24 -1.58 -0.81 -0.99
OPM % 8.00% 7.73% 7.96% 15.49% 21.95% 28.46% 13.44% -122.09% -329.35% -63.97% -38.21% -51.56%
0.33 1.51 2.68 0.68 0.59 0.76 0.58 0.21 0.25 0.35 1.73 0.11
Interest 2.67 3.50 3.98 7.14 7.63 7.05 5.86 6.78 3.51 2.30 1.39 0.00
Depreciation 0.16 0.27 1.03 0.85 0.72 0.57 0.49 0.40 0.32 0.27 0.19 0.15
Profit before tax 0.61 1.83 1.28 3.28 3.46 0.77 -2.98 -16.53 -16.82 -3.80 -0.66 -1.03
Tax % 31.15% 33.88% 32.81% 35.67% 34.97% -1.30% -0.34% 1.69% 0.00% 1.84% 0.00% 0.97%
0.42 1.21 0.85 2.11 2.25 0.77 -2.97 -16.81 -16.83 -3.87 -0.66 -1.03
EPS in Rs 1.26 2.48 1.74 2.87 2.25 0.77 -2.97 -16.79 -16.81 -3.87 -0.66 -1.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -27%
5 Years: -25%
3 Years: -8%
TTM: -9%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 20%
TTM: -55%
Stock Price CAGR
10 Years: %
5 Years: -14%
3 Years: %
1 Year: %
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 2025 Mar 2026
Equity Capital 3.34 4.88 4.89 7.34 10.01 10.01 10.01 10.01 10.01 10.01 10.01 10.01
Reserves 1.96 3.68 4.27 3.82 8.47 9.25 6.27 -10.54 -27.37 -31.23 -77.56 -78.59
19.11 18.87 31.68 38.39 36.67 38.65 43.78 49.18 55.48 62.72 59.61 59.59
27.47 34.86 30.18 32.42 29.52 31.09 23.88 18.22 11.95 12.11 14.88 14.82
Total Liabilities 51.88 62.29 71.02 81.97 84.67 89.00 83.94 66.87 50.07 53.61 6.94 5.83
1.75 5.79 4.71 4.12 3.45 2.88 2.61 2.21 1.67 1.40 1.01 0.87
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
50.10 56.47 66.28 77.85 81.22 86.12 81.33 64.66 48.40 52.21 5.93 4.96
Total Assets 51.88 62.29 71.02 81.97 84.67 89.00 83.94 66.87 50.07 53.61 6.94 5.83

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 2025 Mar 2026
-0.52 10.51 0.19 9.43 -1.82 2.85 3.62 -7.13 -5.18 -6.02 -0.82 -0.20
-0.43 -5.20 1.38 0.06 0.02 -0.01 -0.07 0.10 0.32 0.09 1.78 0.12
1.57 -2.20 -0.40 -10.15 0.22 -1.75 -3.64 4.32 3.15 4.96 -1.67 -0.02
Net Cash Flow 0.62 3.11 1.17 -0.66 -1.58 1.09 -0.10 -2.72 -1.71 -0.96 -0.71 -0.10
Free Cash Flow -1.22 6.56 0.24 9.17 -1.87 2.84 3.40 -7.13 -4.81 -5.91 -0.82 -0.21
CFO/OP -10% 270% 20% 94% -5% 59% 137% 75% 39% 381% 101% 20%

Ratios

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2025 Mar 2026
Debtor Days 110.94 191.78 280.69 224.94 321.16 543.35 587.41 1,423.64 2,476.92 3,920.43 285.80 211.02
Inventory Days 296.60 163.90 201.40 198.61 320.94 919.48 877.62 601.64 336.32 2,922.27 391.45 370.84
Days Payable 171.23 86.03 220.76 143.13 226.86 478.85 321.88 251.76 139.35 1,201.55 1,491.74 1,632.28
Cash Conversion Cycle 236.30 269.65 261.33 280.42 415.24 983.98 1,143.15 1,773.52 2,673.88 5,641.14 -814.49 -1,050.42
Working Capital Days 280.81 106.48 162.19 114.18 230.05 498.42 639.63 1,545.31 1,444.56 3,539.17 -4,218.16 -4,805.83
ROCE % 14.85% 20.56% 15.12% 22.79% 21.18% 13.80% 4.53% -17.94% -31.05% -4.07%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Sep 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Revenue from Manufacturing
Rs. Lakhs

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Revenue from Project Work / EPC
Rs. Lakhs
Distribution Boxes Capacity Utilization
%
Distribution Boxes Production Volume
units
Top Customer Revenue Share
%
Transformer Capacity Utilization
%
Transformer Production Volume
units
Order Book
Rs. crore

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Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

DRHP

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