Past 10 year's financial track record analysis by Moneyworks4me indicates that Sreechem Resins Ltd is a average quality company.
The key valuation ratios of Sreechem Resins Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sreechem Resins 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.5% | 0.4% | 0.4% | -5.5% | 2.8% | 8.5% | 24.8% | 30.5% | 10.3% | 22.2% | - |
| Value Creation Index ⓘ | -0.4 | -1.0 | -1.0 | -1.4 | -0.8 | -0.4 | 0.8 | 1.2 | -0.3 | 0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 31.3 | 24.4 | 25 | 28.3 | 32.9 | 29.7 | 34.5 | 72.5 | 76.5 | 53 | 54 |
| Sales YoY Gr. | - | -21.9% | 2.2% | 13.3% | 16.3% | -9.6% | 16% | 110.4% | 5.5% | -30.8% | - |
| Adj EPS ⓘ | 0.5 | -0.8 | -0.7 | -0.5 | -0.2 | 0.7 | 4.6 | 7.8 | 2 | 5.9 | 7.2 |
| YoY Gr. | - | -252% | NA | NA | NA | NA | 603% | 67% | -73.7% | 188.2% | - |
| BVPS (₹) ⓘ | 16.5 | 15.8 | 15.1 | 13.8 | 13.5 | 14.2 | 18.8 | 26.6 | 28.6 | 34.5 | 35.1 |
| Adj Net Profit ⓘ | 0.2 | -0.3 | -0.3 | -0.2 | -0.1 | 0.3 | 1.9 | 3.1 | 0.8 | 2.4 | 3 |
| Cash Flow from Ops. ⓘ | 1.3 | 0.5 | 0.9 | -0.3 | 0.2 | 0.9 | 0.3 | 1 | 4.7 | 0.8 | - |
| Debt/CF from Ops. ⓘ | 2.3 | 5.7 | 2.3 | -8.3 | 13.7 | 3.9 | 21.3 | 7.3 | 0.8 | 5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6% | 10% | 15.4% | -30.8% | ||||
| Adj EPS ⓘ | 31.5% | NA | 8.2% | 188.2% | ||||
| BVPSⓘ | 8.5% | 20.6% | 22.4% | 20.6% | ||||
| Share Price | - | 69.6% | 30.6% | 58.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.1 | -4.7 | -4.2 | -3.4 | -1.7 | 4.8 | 28.2 | 34.2 | 7.4 | 18.7 | 20.6 |
| Op. Profit Mgn % ⓘ | 3.2 | 0.6 | 0.9 | 0.9 | 1.3 | 3.1 | 8.6 | 7 | 2.8 | 7.7 | 7.8 |
| Net Profit Mgn % ⓘ | 0.6 | -1.3 | -1 | -0.7 | -0.3 | 0.9 | 5.4 | 4.3 | 1.1 | 4.4 | 5.5 |
| Debt to Equity ⓘ | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.8 | 0.7 | 0.3 | 0.3 | 0 |
| Working Cap Days ⓘ | 115 | 136 | 122 | 117 | 111 | 132 | 144 | 81 | 65 | 82 | 43 |
| Cash Conv. Cycle ⓘ | 76 | 91 | 83 | 77 | 69 | 73 | 70 | 49 | 46 | 65 | 26 |
Return on Equity has increased versus last 3 years average to 20.60%
Sales growth is growing at healthy rate in last 3 years 15.40%
Sales growth is good in last 4 quarters at 71.13%
Net Profit has been subdued in last 3 years 8.21%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 7.2 | - |
| TTM Sales (₹ Cr.) | 54.3 | - |
| BVPS (₹.) ⓘ | 35.1 | - |
| Reserves (₹ Cr.) ⓘ | 11 | - |
| P/BV ⓘ | 1.71 | - |
| PE ⓘ | 8.39 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 35.80 / 95.00 |
| All Time Low / High (₹) | 3.25 / 218.75 |
| Market Cap (₹ Cr.) | 25.2 |
| Equity (₹ Cr.) | 4.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31.27 | 24.42 | 24.96 | 28.28 | 32.88 | 29.71 | 34.47 | 72.53 | 76.53 | 52.97 |
| Operating Expenses ⓘ | 30.28 | 24.28 | 24.73 | 28.03 | 32.45 | 28.81 | 31.52 | 67.47 | 74.38 | 48.89 |
| Manufacturing Costs | 1.78 | 1.71 | 2.15 | 2.23 | 3.52 | 3.75 | 4.40 | 6.94 | 7.05 | 4.72 |
| Material Costs | 26.59 | 20.85 | 20.40 | 23.75 | 26.71 | 21.97 | 23.50 | 54.88 | 59.15 | 38.14 |
| Employee Cost | 0.99 | 0.79 | 0.95 | 1.03 | 1.02 | 1.52 | 2.52 | 2.37 | 2.75 | 2.43 |
| Other Costs ⓘ | 0.93 | 0.92 | 1.23 | 1.02 | 1.20 | 1.58 | 1.10 | 3.29 | 5.43 | 3.60 |
| Operating Profit ⓘ | 0.99 | 0.15 | 0.23 | 0.24 | 0.42 | 0.90 | 2.95 | 5.06 | 2.15 | 4.08 |
| Operating Profit Margin (%) | 3.2% | 0.6% | 0.9% | 0.9% | 1.3% | 3.0% | 8.6% | 7.0% | 2.8% | 7.7% |
| Other Income ⓘ | 0.08 | 0.13 | 0.05 | 0.03 | 0.03 | 0.04 | 0.06 | 0.05 | 0.05 | 0.08 |
| Interest ⓘ | 0.49 | 0.34 | 0.30 | 0.28 | 0.34 | 0.31 | 0.37 | 0.65 | 0.61 | 0.45 |
| Depreciation ⓘ | 0.24 | 0.24 | 0.25 | 0.25 | 0.22 | 0.19 | 0.23 | 0.34 | 0.50 | 0.50 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -0.48 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.34 | -0.30 | -0.27 | -0.74 | -0.10 | 0.44 | 2.41 | 4.11 | 1.09 | 3.21 |
| Tax ⓘ | 0.10 | 0 | -0.01 | -0.21 | -0.01 | 0.19 | 0.55 | 1.01 | 0.27 | 0.86 |
| Profit After Tax | 0.24 | -0.31 | -0.26 | -0.53 | -0.10 | 0.26 | 1.85 | 3.10 | 0.82 | 2.35 |
| PAT Margin (%) | 0.8% | -1.3% | -1.0% | -1.9% | -0.3% | 0.9% | 5.4% | 4.3% | 1.1% | 4.4% |
| Adjusted EPS (₹) | 0.6 | -0.8 | -0.7 | -1.3 | -0.3 | 0.6 | 4.6 | 7.8 | 2.0 | 5.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 6.61 | 6.30 | 6.04 | 5.51 | 5.41 | 5.66 | 7.52 | 10.62 | 11.43 | 13.80 |
| Share Capital ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves ⓘ | 2.61 | 2.30 | 2.04 | 1.51 | 1.41 | 1.66 | 3.52 | 6.62 | 7.43 | 9.80 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2.78 | 2.61 | 2.10 | 2.69 | 3.13 | 3.50 | 5.76 | 7.31 | 3.35 | 2.97 |
| Long Term Debt | 0.01 | 0.05 | 0.01 | 0 | 0 | 0 | 1.84 | 2.96 | 0.89 | 0 |
| Short Term Debt | 2.78 | 2.57 | 2.08 | 2.69 | 3.13 | 3.50 | 3.92 | 4.35 | 2.45 | 2.97 |
| Trade Payables | 1.64 | 3.05 | 1.38 | 3.85 | 2.73 | 5.23 | 5.94 | 4.88 | 0.78 | 1.66 |
| Others Liabilities ⓘ | 0.87 | 0.65 | 0.38 | 0.03 | -0.02 | 0.27 | 0.51 | 0.56 | 0.84 | 1.68 |
| Total Liabilities ⓘ | 11.90 | 12.61 | 9.90 | 12.08 | 11.25 | 14.66 | 19.73 | 23.37 | 16.40 | 20.10 |
Fixed Assets | ||||||||||
| Gross Block | 8.83 | 8.95 | 9.05 | 9.10 | 9.32 | 9.79 | 10.72 | 13.70 | 15.25 | 15.69 |
| Accumulated Depreciation | 6.90 | 7.13 | 7.38 | 7.63 | 7.80 | 7.99 | 8.22 | 8.56 | 9.06 | 9.46 |
| Net Fixed Assetsⓘ | 1.92 | 1.82 | 1.67 | 1.47 | 1.52 | 1.80 | 2.50 | 5.14 | 6.19 | 6.23 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0.06 | 0.51 | 1.98 | 0.97 | 0.01 | 0.12 |
| Investmentsⓘ | 0.03 | 0.06 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 |
| Inventories | 7.06 | 6.30 | 4.67 | 5.47 | 4.84 | 3.97 | 4.76 | 7.03 | 4.56 | 4.84 |
| Trade Receivables | 1.90 | 3.78 | 2.91 | 4.51 | 4.14 | 7.47 | 9.55 | 9.71 | 3.86 | 8.26 |
| Cash Equivalents | 0.17 | 0.12 | 0.16 | 0.12 | 0.14 | 0.27 | 0.08 | 0.07 | 0.09 | 0.08 |
| Others Assetsⓘ | 0.82 | 0.53 | 0.45 | 0.49 | 0.52 | 0.62 | 0.83 | 0.43 | 1.67 | 0.52 |
| Total Assets ⓘ | 11.90 | 12.61 | 9.90 | 12.08 | 11.25 | 14.66 | 19.73 | 23.37 | 16.40 | 20.10 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1.26 | 0.46 | 0.91 | -0.32 | 0.23 | 0.90 | 0.27 | 1 | 4.71 | 0.79 |
| PBT ⓘ | 0.34 | -0.30 | -0.27 | -0.74 | -0.10 | 0.44 | 2.41 | 4.11 | 1.09 | 3.21 |
| Adjustment ⓘ | 0.64 | 0.41 | 0.50 | 0.51 | 0.54 | 0.45 | 0.54 | 0.94 | 1.07 | 0.89 |
| Changes in Working Capital ⓘ | 0.38 | 0.35 | 0.69 | -0.09 | -0.2 | 0.11 | -2.24 | -3.07 | 3.37 | -2.97 |
| Tax Paid ⓘ | -0.11 | 0 | -0.01 | 0 | -0.01 | -0.10 | -0.44 | -0.99 | -0.81 | -0.34 |
| Cash Flow From Investing Activity ⓘ | 0.06 | -0.16 | -0.09 | -0.04 | -0.34 | -0.92 | -2.40 | -1.96 | -0.60 | -0.51 |
| Capex | 0.06 | -0.13 | -0.10 | -0.05 | -0.35 | -0.92 | -2.41 | -1.96 | -0.60 | -0.51 |
| Net Investments | 0 | -0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1.34 | -0.35 | -0.77 | 0.33 | 0.13 | 0.15 | 1.95 | 0.95 | -4.10 | -0.28 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.87 | -0.18 | -0.03 | -0.01 | 0 | 0 | 0 | 1.12 | 0 | -0.89 |
| Interest Paid ⓘ | -0.49 | -0.31 | -0.30 | -0.28 | -0.34 | -0.31 | -0.37 | -0.65 | -0.61 | -0.47 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.02 | 0.14 | -0.44 | 0.63 | 0.46 | 0.46 | 2.32 | 0.47 | -3.48 | 1.08 |
| Net Cash Flow ⓘ | -0.02 | -0.05 | 0.04 | -0.04 | 0.02 | 0.13 | -0.19 | -0.01 | 0.02 | -0.01 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.66 | -4.76 | -4.24 | -9.22 | -1.82 | 4.62 | 28.13 | 34.19 | 7.4 | 18.64 |
| ROCE (%) | 8.51 | 0.41 | 0.38 | -5.53 | 2.75 | 8.49 | 24.77 | 30.51 | 10.27 | 22.22 |
| Asset Turnover Ratio | 2.64 | 2.23 | 2.49 | 2.62 | 2.82 | 2.29 | 2 | 3.37 | 3.85 | 2.9 |
| PAT to CFO Conversion(x) | 5.25 | N/A | N/A | N/A | N/A | 3.46 | 0.15 | 0.32 | 5.74 | 0.34 | Working Capital Days |
| Receivable Days | 31 | 38 | 44 | 47 | 48 | 71 | 90 | 48 | 32 | 42 |
| Inventory Days | 74 | 89 | 72 | 64 | 57 | 54 | 46 | 30 | 28 | 32 |
| Payable Days | 33 | 41 | 40 | 40 | 45 | 66 | 87 | 36 | 17 | 12 |
Sreechem Resins Ltd. is a leading manufacturer of Magnesia Carbon Refractory, Alumina Carbon Refractory, Dolomite Refractory, Continuous Casting Refractory. Over the last 18 years the company has consolidated its position as a market leader in Refractory Resin. With the upswing of the Steel manufacturing industries in the country, the requirement of specialty refractories, as mentioned above, will automatically go up. In turn, the supply of its Resin to the refractory industries, who are catering to the requirement of Steel Plants, will also go up substantially. Since, the number of competitors in this field is very limited, it is expected that, order booking on the company, will be continuous for next few years.
The Company is managed by a Board of Directors comprising of persons with long experience in business and industry. The day to day management is being looked after by Sri S. N. Kabra, Managing Director and he is being ably assisted by an experienced professional in the respective field. Sri Binod Sharma is the Jt. Managing Director, who handles the technical services and marketing and also the R&D activities.
Business area of the company
The company manufacturers maximum quantity of Synthetic PF Resins viz, Novolak Resin and Resol Resin, both in Liquid and Powder Form. State of the art infrastructure, precision testing facilities and a well equipped R&D cell ensure that the manufactured resins are of the highest quality and are in par with international standards.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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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