Srivari Spices & Foods Ltd
Incorporated in 2019, Srivari Spices and Foods Limited is engaged in the business of manufacturing and marketing spices and flour (chakki atta) across Andhra Pradesh and Telangana.[1]
- Market Cap ₹ 251 Cr.
- Current Price ₹ 351
- High / Low ₹ 418 / 102
- Stock P/E 80.1
- Book Value ₹ 26.9
- Dividend Yield 0.00 %
- ROCE 35.0 %
- ROE 44.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Cons
- Stock is trading at 13.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -30.0%
- Debtor days have increased from 85.8 to 117 days.
- Working capital days have increased from 87.3 days to 172 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: FMCG Industry: Food - Processing - Indian
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0.19 | 11.40 | 17.60 | 35.81 | |
| 0.21 | 10.59 | 15.96 | 29.93 | |
| Operating Profit | -0.02 | 0.81 | 1.64 | 5.88 |
| OPM % | -10.53% | 7.11% | 9.32% | 16.42% |
| 0.00 | 0.00 | 0.00 | 0.01 | |
| Interest | 0.00 | 0.00 | 0.11 | 0.86 |
| Depreciation | 0.06 | 0.34 | 0.52 | 0.70 |
| Profit before tax | -0.08 | 0.47 | 1.01 | 4.33 |
| Tax % | 0.00% | 27.66% | 27.72% | 27.71% |
| -0.08 | 0.35 | 0.73 | 3.13 | |
| EPS in Rs | 6.26 | |||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 473% |
| TTM: | 103% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 245% |
| TTM: | 329% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 44% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 1.88 | 4.02 | 4.02 | 5.00 | 7.14 |
| Reserves | -0.08 | 0.25 | 0.97 | 4.10 | 12.08 |
| 0.00 | 0.00 | 2.77 | 12.83 | 12.34 | |
| 0.42 | 2.00 | 2.91 | 3.76 | 9.07 | |
| Total Liabilities | 2.22 | 6.27 | 10.67 | 25.69 | 40.63 |
| 1.58 | 3.20 | 4.46 | 4.86 | 4.76 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.64 | 3.07 | 6.21 | 20.83 | 35.87 | |
| Total Assets | 2.22 | 6.27 | 10.67 | 25.69 | 40.63 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| -0.17 | -1.10 | -9.15 | ||
| -1.95 | -1.78 | -1.10 | ||
| 2.14 | 2.68 | 10.21 | ||
| Net Cash Flow | 0.02 | -0.21 | -0.04 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 0.00 | 54.43 | 85.65 | 117.32 |
| Inventory Days | 146.00 | 40.56 | 49.26 | 120.70 |
| Days Payable | 1,022.00 | 77.93 | 57.34 | 36.18 |
| Cash Conversion Cycle | -876.00 | 17.06 | 77.57 | 201.84 |
| Working Capital Days | -153.68 | 24.01 | 65.95 | 171.95 |
| ROCE % | 15.49% | 18.62% | 34.96% |
Product Portfolio[1]
Diverse range of spices, Masala, and Atta