Shri Ram Switchgears Ltd
Incorporated in 1985, Shri Ram Switchgears Ltd does engineering and manufacturing of Electrical Products[1]
- Market Cap ₹ 10.1 Cr.
- Current Price ₹ 10.1
- High / Low ₹ 11.2 / 5.65
- Stock P/E
- Book Value ₹ -22.2
- Dividend Yield 0.00 %
- ROCE -4.07 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -45.4% over past five years.
- Company has high debtors of 3,920 days.
- Working capital days have increased from 4,108 days to 6,515 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
26.68 | 21.32 | 38.89 | 52.89 | 45.37 | 68.38 | 51.12 | 26.81 | 20.76 | 7.83 | 4.02 | 2.47 | 2.11 | |
26.11 | 18.03 | 35.78 | 48.80 | 41.76 | 57.79 | 39.90 | 19.18 | 17.97 | 17.39 | 17.26 | 4.05 | 3.15 | |
Operating Profit | 0.57 | 3.29 | 3.11 | 4.09 | 3.61 | 10.59 | 11.22 | 7.63 | 2.79 | -9.56 | -13.24 | -1.58 | -1.04 |
OPM % | 2.14% | 15.43% | 8.00% | 7.73% | 7.96% | 15.49% | 21.95% | 28.46% | 13.44% | -122.09% | -329.35% | -63.97% | -49.29% |
0.49 | 0.70 | 0.33 | 1.51 | 2.68 | 0.68 | 0.59 | 0.76 | 0.58 | 0.21 | 0.25 | 0.35 | 0.32 | |
Interest | 1.82 | 2.63 | 2.67 | 3.50 | 3.98 | 7.14 | 7.63 | 7.05 | 5.86 | 6.78 | 3.51 | 2.30 | 1.82 |
Depreciation | 0.26 | 0.16 | 0.16 | 0.27 | 1.03 | 0.85 | 0.72 | 0.57 | 0.49 | 0.40 | 0.32 | 0.27 | 0.23 |
Profit before tax | -1.02 | 1.20 | 0.61 | 1.83 | 1.28 | 3.28 | 3.46 | 0.77 | -2.98 | -16.53 | -16.82 | -3.80 | -2.77 |
Tax % | 3.92% | 5.00% | 31.15% | 33.88% | 32.81% | 35.67% | 34.97% | -1.30% | 0.34% | -1.69% | 0.00% | -1.84% | |
-0.98 | 1.14 | 0.42 | 1.21 | 0.85 | 2.11 | 2.25 | 0.77 | -2.97 | -16.81 | -16.83 | -3.87 | -2.85 | |
EPS in Rs | -3.45 | 4.02 | 1.26 | 2.48 | 1.74 | 2.87 | 2.25 | 0.77 | -2.97 | -16.79 | -16.81 | -3.87 | -2.85 |
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: | -19% |
5 Years: | -45% |
3 Years: | -51% |
TTM: | -50% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -9% |
TTM: | 80% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -5% |
3 Years: | -18% |
1 Year: | 85% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 2.84 | 2.84 | 3.34 | 4.88 | 4.89 | 7.34 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 |
Reserves | 1.40 | 1.54 | 1.96 | 3.68 | 4.27 | 3.82 | 8.47 | 9.25 | 6.27 | -10.54 | -27.37 | -31.23 | -32.26 |
12.87 | 15.38 | 19.11 | 18.87 | 31.68 | 38.39 | 36.67 | 38.65 | 43.78 | 49.18 | 55.48 | 62.72 | 63.02 | |
8.20 | 12.09 | 27.47 | 34.86 | 30.18 | 32.42 | 29.52 | 31.09 | 23.88 | 18.22 | 11.95 | 12.11 | 12.24 | |
Total Liabilities | 25.31 | 31.85 | 51.88 | 62.29 | 71.02 | 81.97 | 84.67 | 89.00 | 83.94 | 66.87 | 50.07 | 53.61 | 53.01 |
0.79 | 1.21 | 1.75 | 5.79 | 4.71 | 4.12 | 3.45 | 2.88 | 2.61 | 2.21 | 1.67 | 1.40 | 1.27 | |
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 | 0.00 |
Investments | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
24.49 | 30.61 | 50.10 | 56.47 | 66.28 | 77.85 | 81.22 | 86.12 | 81.33 | 64.66 | 48.40 | 52.21 | 51.74 | |
Total Assets | 25.31 | 31.85 | 51.88 | 62.29 | 71.02 | 81.97 | 84.67 | 89.00 | 83.94 | 66.87 | 50.07 | 53.61 | 53.01 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.48 | -3.70 | -0.52 | 10.51 | 0.19 | 9.43 | -1.82 | 2.85 | 3.62 | -7.13 | -5.18 | -6.02 | |
0.60 | -0.14 | -0.43 | -5.20 | 1.38 | 0.06 | 0.02 | -0.01 | -0.07 | 0.10 | 0.32 | 0.09 | |
2.63 | -0.12 | 1.57 | -2.20 | -0.40 | -10.15 | 0.22 | -1.75 | -3.64 | 4.32 | 3.15 | 4.96 | |
Net Cash Flow | 4.71 | -3.96 | 0.62 | 3.11 | 1.17 | -0.66 | -1.58 | 1.09 | -0.10 | -2.72 | -1.71 | -0.96 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 99.18 | 198.76 | 110.94 | 191.78 | 280.69 | 224.94 | 321.16 | 543.35 | 587.41 | 1,423.64 | 2,476.92 | 3,920.43 |
Inventory Days | 123.68 | 309.09 | 296.60 | 163.90 | 201.40 | 198.61 | 320.94 | 919.48 | 877.62 | 601.64 | 336.32 | 2,922.27 |
Days Payable | 128.43 | 263.01 | 171.23 | 86.03 | 220.76 | 143.13 | 226.86 | 478.85 | 321.88 | 251.76 | 139.35 | 1,201.55 |
Cash Conversion Cycle | 94.44 | 244.84 | 236.30 | 269.65 | 261.33 | 280.42 | 415.24 | 983.98 | 1,143.15 | 1,773.52 | 2,673.88 | 5,641.14 |
Working Capital Days | 135.30 | 273.24 | 280.81 | 192.54 | 263.79 | 206.41 | 350.65 | 731.77 | 977.55 | 2,227.29 | 3,581.90 | 6,515.32 |
ROCE % | 20.78% | 14.85% | 20.56% | 15.12% | 22.79% | 21.18% | 13.80% | 4.53% | -17.94% | -31.05% | -4.07% |
Documents
Announcements
No data available.
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