BSE: 543373 | NSE: | Solvent Extraction | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shri Venkatesh Refineries Ltd is a average quality company.
The key valuation ratios of Shri Venkatesh Refineries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shri Venkatesh Refineries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.4% | 15.5% | 17.7% | 16.9% | 27.6% | 22.5% | 18% | - |
| Value Creation Index ⓘ | -0.1 | 0.1 | 0.3 | 0.2 | 1.0 | 0.6 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||||
| Sales ⓘ | 132 | 227 | 235 | 337 | 612 | 629 | 575 | 575 |
| Sales YoY Gr. | - | 71.3% | 3.8% | 43.1% | 81.6% | 2.8% | -8.6% | - |
| Adj EPS ⓘ | 0.5 | 1.1 | 1.4 | 2.2 | 6.4 | 6.5 | 6.8 | 6.8 |
| YoY Gr. | - | 116% | 25.9% | 58.8% | 194.4% | 1.9% | 4.8% | - |
| BVPS (₹) ⓘ | 4.5 | 5.6 | 6.2 | 8.3 | 17.8 | 23.7 | 29.8 | 31.5 |
| Adj Net Profit ⓘ | 0.6 | 1.3 | 2.2 | 3.5 | 14.1 | 14.3 | 15 | 15 |
| Cash Flow from Ops. ⓘ | -2.8 | 3.2 | -2.3 | -15.1 | -20 | 7.1 | -28.2 | - |
| Debt/CF from Ops. ⓘ | -8.7 | 8.1 | -15.6 | -3.8 | -3.7 | 10.8 | -4.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 20.5% | 19.5% | -8.6% | ||||
| Adj EPS ⓘ | NA | 44.4% | 46.5% | 4.8% | ||||
| BVPSⓘ | NA | 39.9% | 53.3% | 25.7% | ||||
| Share Price | - | - | 94% | 52.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.3 | 9.6 | 10 | 13.8 | 35.2 | 24.1 | 20.6 | 22.2 |
| Op. Profit Mgn % ⓘ | 3 | 2.3 | 3.1 | 3.1 | 4.2 | 4.4 | 5.1 | 5.7 |
| Net Profit Mgn % ⓘ | 0.4 | 0.6 | 0.9 | 1 | 2.3 | 2.3 | 2.6 | 2.6 |
| Debt to Equity ⓘ | 4.3 | 3.7 | 3.6 | 4.3 | 1.9 | 1.5 | 1.9 | 0.5 |
| Working Cap Days ⓘ | 0 | 46 | 57 | 62 | 56 | 76 | 111 | 74 |
| Cash Conv. Cycle ⓘ | 0 | 41 | 47 | 50 | 48 | 64 | 91 | 28 |
Sales growth is growing at healthy rate in last 3 years 19.52%
Net Profit is growing at healthy rate in last 3 years 46.49%
Debt to equity has declined versus last 3 years average to 1.88
Return on Equity has declined versus last 3 years average to 22.20%
Sales growth is not so good in last 4 quarters at -4.26%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.8 | - |
| TTM Sales (₹ Cr.) | 575 | - |
| BVPS (₹.) ⓘ | 31.5 | - |
| Reserves (₹ Cr.) ⓘ | 47 | - |
| P/BV ⓘ | 5.21 | - |
| PE ⓘ | 24.14 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 68.50 / 180.00 |
| All Time Low / High (₹) | 17.07 / 180.00 |
| Market Cap (₹ Cr.) | 363 |
| Equity (₹ Cr.) | 22.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 132 | 227 | 235 | 337 | 612 | 629 | 575 |
| Operating Expenses ⓘ | 128 | 222 | 228 | 327 | 586 | 601 | 546 |
| Manufacturing Costs | 3 | 4 | 3 | 4 | 4 | 5 | 4 |
| Material Costs | 125 | 218 | 224 | 322 | 580 | 594 | 540 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Costs ⓘ | 0 | 0 | 0 | 1 | 2 | 2 | 1 |
| Operating Profit ⓘ | 4 | 5 | 7 | 10 | 26 | 28 | 29 |
| Operating Profit Margin (%) | 3.0% | 2.3% | 3.1% | 3.1% | 4.2% | 4.4% | 5.1% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 3 | 3 | 4 | 5 | 6 | 8 | 8 |
| Depreciation ⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 2 | 3 | 5 | 19 | 19 | 20 |
| Tax ⓘ | 0 | 1 | 1 | 1 | 5 | 5 | 5 |
| Profit After Tax | 1 | 1 | 2 | 4 | 14 | 14 | 15 |
| PAT Margin (%) | 0.4% | 0.6% | 0.9% | 1.0% | 2.3% | 2.3% | 2.6% |
| Adjusted EPS (₹) | 0.5 | 1.1 | 1.4 | 2.2 | 6.4 | 6.5 | 6.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 8% | 15% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 6 | 21 | 24 | 27 | 53 | 66 | 80 | |||
| Share Capital ⓘ | 2 | 5 | 6 | 8 | 11 | 11 | 22 | |||
| Reserves ⓘ | 4 | 16 | 18 | 19 | 42 | 55 | 58 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Debt | 23 | 25 | 34 | 55 | 70 | 73 | 120 | |||
| Long Term Debt | 7 | 7 | 13 | 21 | 37 | 41 | 35 | |||
| Short Term Debt | 17 | 17 | 22 | 34 | 34 | 32 | 85 | |||
| Trade Payables | 2 | 2 | 6 | 6 | 8 | 15 | 26 | |||
| Others Liabilities ⓘ | 2 | 2 | 3 | 5 | 10 | 14 | 11 | |||
| Total Liabilities ⓘ | 33 | 49 | 67 | 93 | 141 | 168 | 237 | |||
Fixed Assets | ||||||||||
| Gross Block | 8 | 23 | 27 | 27 | 28 | 30 | 32 | |||
| Accumulated Depreciation | 3 | 4 | 4 | 5 | 6 | 7 | 8 | |||
| Net Fixed Assetsⓘ | 5 | 19 | 22 | 23 | 23 | 24 | 24 | |||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | |||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Inventories | 21 | 21 | 29 | 63 | 109 | 130 | 181 | |||
| Trade Receivables | 7 | 7 | 12 | 0 | 2 | 3 | 12 | |||
| Cash Equivalents | 0 | 0 | 1 | 1 | 1 | 1 | 5 | |||
| Others Assetsⓘ | 1 | 2 | 3 | 7 | 7 | 11 | 12 | |||
| Total Assets ⓘ | 33 | 49 | 67 | 93 | 141 | 168 | 237 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3 | 3 | -2 | -15 | -20 | 7 | -28 |
| PBT ⓘ | 1 | 2 | 3 | 5 | 19 | 19 | 20 |
| Adjustment ⓘ | 3 | 3 | 4 | 6 | 7 | 9 | 9 |
| Changes in Working Capital ⓘ | -7 | -2 | -9 | -25 | -43 | -14 | -53 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -3 | -7 | -5 |
| Cash Flow From Investing Activity ⓘ | -2 | -1 | -4 | -1 | -1 | -2 | -5 |
| Capex | -2 | -1 | -4 | -1 | -1 | -2 | -5 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 5 | -2 | 7 | 16 | 21 | -5 | 37 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 1 | 0 | 12 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -1 | 1 | 6 | 9 | 15 | 5 | -6 |
| Interest Paid ⓘ | -3 | -3 | -4 | -5 | -6 | -8 | -8 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | -2 |
| Others ⓘ | 9 | 1 | 4 | 12 | 0 | -1 | 53 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.23 | 21.53 | 26.81 | 29.89 | 53.34 | 31.24 | 25.36 | |||
| ROCE (%) | 12.36 | 15.53 | 17.7 | 16.85 | 27.56 | 22.45 | 18.04 | |||
| Asset Turnover Ratio | 3.96 | 5.49 | 4.05 | 4.19 | 5.22 | 4.07 | 2.84 | |||
| PAT to CFO Conversion(x) | -3 | 3 | -1 | -3.75 | -1.43 | 0.5 | -1.87 | Working Capital Days | ||
| Receivable Days | 19 | 11 | 14 | 7 | 1 | 1 | 5 | |||
| Inventory Days | 57 | 34 | 39 | 50 | 51 | 69 | 99 | |||
| Payable Days | 7 | 3 | 6 | 7 | 5 | 7 | 14 | |||
Shri Venkatesh Refineries was originally incorporated as “Shri Venkatesh Refineries Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 28, 2003 issued by the Registrar of Companies, Maharashtra, Mumbai. Subsequently, The company was converted into a public limited company pursuant to a Shareholders' Resolution passed at the Extra-Ordinary General meeting of the Company held on December 10, 2020 and the name of the company was changed to “Shri Venkatesh Refineries Limited” vide a fresh certificate of incorporation dated December 30, 2020 issued by the Registrar of Companies, Maharashtra, Mumbai.
The company is one of the growing companies engaged in the refining of edible oil in Maharashtra region selling the edible oil under the brand name “Rich Soya”. It focuses on creating “Rich Soya” a leading brand name among the different edible oil brand by serving good quality and healthy edible oil at affordable price.
The growth of the company starts with the idea of three dynamic entrepreneurs, namely Dinesh Ganapati Kabre, Ramesh Ganapati Kabre and Anil Ganpati Kabre who started with the Manufacturing & Marketing of Soyabean oil and their by-products in Jalgaon, Maharashtra. Under their leadership and efforts of the Promoters, namely Dinesh Ganapati Kabre, Anil Ganpati Kabre, Shantanu Ramesh Kabre & Prasad Dinesh Kabre, “Rich Soya” has emerged as a leading brand, spreading its wings around the country.
Business area of the company
The company is primarily engaged in the business of refining and preservation of Edible oils mainly soyabean oil and cotton seed oil. The business process involves purchase of the raw oil, then refining, packaging and selling of the edible oil. Apart from the refining of edible oil, it is also engaged in the business of trading of edible oil mainly soyabean oil, cotton seed oil and palm oil.
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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