BSE: 532310 | NSE: SHREERAMA | Plastic Products | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shree Rama Multi-Tech Ltd is a below average quality company.
The key valuation ratios of Shree Rama Multi-Tech 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 Strong which suggest that the price of Shree Rama Multi-Tech Ltd is likely to Rise 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 % ⓘ | -2.8% | 10.9% | 2.4% | 0.4% | -0.6% | 13% | 4.3% | -4.2% | 7.9% | 9.5% | - |
| Value Creation Index ⓘ | -1.2 | -0.2 | -0.8 | -1.0 | -1.0 | -0.1 | -0.7 | -1.3 | -0.4 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 108 | 107 | 121 | 122 | 117 | 131 | 136 | 150 | 196 | 178 | 185 |
| Sales YoY Gr. | - | -1% | 13.3% | 1.2% | -4.2% | 11.5% | 3.8% | 10.7% | 30.6% | -9.5% | - |
| Adj EPS ⓘ | -1.2 | 0.2 | -0.3 | -0.4 | -0.4 | 2.2 | 0.5 | -0.7 | 0.7 | 0.7 | 1.1 |
| YoY Gr. | - | NA | -220.8% | NA | NA | NA | -77.8% | -238.8% | NA | 2.9% | - |
| BVPS (₹) ⓘ | 0.1 | 1.5 | 1.3 | 0.9 | 0.5 | 3.4 | 3.9 | 3.4 | 4.1 | 7.7 | 8.4 |
| Adj Net Profit ⓘ | -8.3 | 1.7 | -2.1 | -2.6 | -3 | 16 | 3.5 | -4.9 | 5.1 | 9.6 | 15 |
| Cash Flow from Ops. ⓘ | 15.5 | 7.9 | 16.6 | 9.2 | 12.9 | 14.9 | 0.8 | -10.8 | 2.7 | 20.8 | - |
| Debt/CF from Ops. ⓘ | 9.4 | 16 | 7.5 | 11.8 | 8.1 | 5.2 | 89.3 | -7.3 | 30.8 | 0.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.7% | 8.7% | 9.4% | -9.5% | ||||
| Adj EPS ⓘ | NA | NA | 13.7% | 2.9% | ||||
| BVPSⓘ | 58.8% | 74.9% | 25.5% | 87.8% | ||||
| Share Price | 25.4% | 65.6% | 60.2% | 53.1% | ||||
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 % ⓘ | -101.5 | 13.7 | -15.4 | -33.2 | -61.6 | 114.1 | 13.4 | -18.6 | 18.6 | 14.5 | 13.9 |
| Op. Profit Mgn % ⓘ | 8.4 | 14.1 | 11.7 | 8.7 | 6.9 | 13.1 | 8.8 | 1.3 | 7.4 | 8.5 | 11.2 |
| Net Profit Mgn % ⓘ | -7.7 | 1.6 | -1.7 | -2.1 | -2.6 | 12.2 | 2.6 | -3.3 | 2.6 | 5.4 | 8.1 |
| Debt to Equity ⓘ | 19.4 | 7 | 13.6 | 16.8 | 30.9 | 3.1 | 2.5 | 3.2 | 2.8 | 0.1 | 0.2 |
| Working Cap Days ⓘ | 164 | 171 | 159 | 171 | 201 | 169 | 141 | 148 | 139 | 169 | 70 |
| Cash Conv. Cycle ⓘ | 103 | 104 | 96 | 107 | 114 | 89 | 84 | 98 | 96 | 114 | 46 |
Return on Equity has increased versus last 3 years average to 13.90%
Net Profit is growing at healthy rate in last 3 years 13.69%
Debt to equity has declined versus last 3 years average to 0.12
Sales growth has been subdued in last 3 years 9.38%
Sales growth is not so good in last 4 quarters at 1.74%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.1 | - |
| TTM Sales (₹ Cr.) | 185 | - |
| BVPS (₹.) ⓘ | 8.4 | - |
| Reserves (₹ Cr.) ⓘ | 45 | - |
| P/BV ⓘ | 6.05 | - |
| PE ⓘ | 45.42 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 21.85 / 52.75 |
| All Time Low / High (₹) | 2.13 / 106.75 |
| Market Cap (₹ Cr.) | 678 |
| Equity (₹ Cr.) | 66.7 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 43 |
| 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 | 108 | 107 | 121 | 122 | 117 | 131 | 136 | 150 | 196 | 178 |
| Operating Expenses ⓘ | 99 | 92 | 107 | 112 | 109 | 114 | 124 | 148 | 182 | 163 |
| Manufacturing Costs | 20 | 18 | 19 | 21 | 20 | 21 | 21 | 23 | 24 | 24 |
| Material Costs | 60 | 53 | 65 | 67 | 66 | 66 | 78 | 98 | 128 | 107 |
| Employee Cost | 11 | 12 | 13 | 13 | 14 | 15 | 15 | 16 | 17 | 20 |
| Other Costs ⓘ | 8 | 9 | 10 | 11 | 9 | 11 | 10 | 11 | 13 | 12 |
| Operating Profit ⓘ | 9 | 15 | 14 | 11 | 8 | 17 | 12 | 2 | 15 | 15 |
| Operating Profit Margin (%) | 8.3% | 14.1% | 11.5% | 8.7% | 6.9% | 13.1% | 8.7% | 1.3% | 7.4% | 8.5% |
| Other Income ⓘ | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest ⓘ | 6 | 7 | 7 | 5 | 4 | 3 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 16 | 14 | 12 | 11 | 9 | 9 | 8 | 7 | 6 | 6 |
| Exceptional Items ⓘ | 0 | 13 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -11 | 9 | -4 | -4 | -4 | 11 | 3 | -5 | 7 | 10 |
| Tax ⓘ | -3 | -2 | -1 | -1 | -1 | -10 | 0 | 0 | 2 | 0 |
| Profit After Tax | -8 | 11 | -2 | -3 | -3 | 21 | 3 | -5 | 5 | 10 |
| PAT Margin (%) | -7.6% | 10.3% | -1.7% | -2.1% | -2.6% | 16.1% | 2.5% | -3.3% | 2.6% | 5.6% |
| Adjusted EPS (₹) | -1.1 | 1.5 | -0.3 | -0.4 | -0.4 | 2.9 | 0.5 | -0.7 | 0.7 | 0.8 |
| 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 | 8 | 18 | 9 | 6 | 3 | 25 | 28 | 25 | 30 | 103 |
| Share Capital ⓘ | 38 | 38 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 67 |
| Reserves ⓘ | -31 | -21 | -23 | -25 | -28 | -7 | -3 | -7 | -2 | 36 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 146 | 126 | 112 | 96 | 93 | 68 | 70 | 79 | 82 | 12 |
| Long Term Debt | 144 | 109 | 103 | 92 | 80 | 68 | 68 | 68 | 68 | 8 |
| Short Term Debt | 3 | 17 | 8 | 4 | 13 | 0 | 1 | 11 | 14 | 4 |
| Trade Payables | 7 | 8 | 10 | 9 | 14 | 12 | 12 | 13 | 14 | 16 |
| Others Liabilities ⓘ | 23 | 20 | 30 | 28 | 34 | 16 | 6 | 9 | 7 | 8 |
| Total Liabilities ⓘ | 184 | 172 | 161 | 140 | 145 | 121 | 116 | 126 | 133 | 138 |
Fixed Assets | ||||||||||
| Gross Block | 456 | 458 | 460 | 456 | 450 | 451 | 451 | 449 | 450 | 448 |
| Accumulated Depreciation | 347 | 361 | 371 | 378 | 375 | 384 | 390 | 395 | 400 | 401 |
| Net Fixed Assetsⓘ | 109 | 97 | 89 | 78 | 75 | 67 | 60 | 54 | 50 | 47 |
| CWIP ⓘ | 1 | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 22 | 22 | 20 | 21 | 26 | 25 | 21 | 32 | 35 | 29 |
| Trade Receivables | 18 | 23 | 26 | 26 | 23 | 19 | 23 | 28 | 38 | 42 |
| Cash Equivalents | 23 | 13 | 14 | 2 | 0 | 2 | 2 | 0 | 1 | 3 |
| Others Assetsⓘ | 12 | 14 | 11 | 13 | 20 | 8 | 8 | 11 | 10 | 15 |
| Total Assets ⓘ | 184 | 172 | 161 | 140 | 145 | 121 | 116 | 126 | 133 | 138 |
| 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 ⓘ | 16 | 8 | 17 | 9 | 13 | 15 | 1 | -11 | 3 | 21 |
| PBT ⓘ | -8 | 9 | -4 | -4 | -4 | 11 | 4 | -5 | 7 | 10 |
| Adjustment ⓘ | 18 | 19 | 18 | 16 | 13 | -1 | 8 | 7 | 8 | 6 |
| Changes in Working Capital ⓘ | 6 | -7 | 2 | -2 | 5 | 6 | -11 | -13 | -13 | 5 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Cash Flow From Investing Activity ⓘ | -2 | -2 | -1 | 10 | -7 | 13 | -1 | 2 | -4 | -11 |
| Capex | -3 | -3 | -2 | 0 | 6 | 16 | -1 | 0 | -4 | -11 |
| Net Investments | 0 | 0 | 0 | 9 | -13 | -3 | 0 | 2 | 0 | 0 |
| Others ⓘ | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -4 | -14 | -16 | -20 | -6 | -28 | 0 | 9 | 2 | -8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63 |
| Net Proceeds from Borrowing ⓘ | -6 | -7 | 0 | 0 | 0 | -12 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -6 | -7 | -7 | -5 | -4 | -3 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 8 | 0 | -9 | -16 | -3 | -13 | 1 | 10 | 3 | -70 |
| Net Cash Flow ⓘ | 9 | -8 | 0 | -1 | 0 | 0 | 0 | 0 | 1 | 2 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -546.32 | 182.56 | -20.79 | -33.17 | -61.9 | 150.39 | 12.99 | -18.63 | 18.57 | 15.05 |
| ROCE (%) | -2.76 | 10.86 | 2.37 | 0.43 | -0.55 | 12.99 | 4.32 | -4.23 | 7.9 | 9.51 |
| Asset Turnover Ratio | 0.63 | 0.66 | 0.8 | 0.83 | 0.83 | 0.99 | 1.15 | 1.25 | 1.51 | 1.31 |
| PAT to CFO Conversion(x) | N/A | 0.73 | N/A | N/A | N/A | 0.71 | 0.33 | N/A | 0.6 | 2.1 | Working Capital Days |
| Receivable Days | 54 | 64 | 68 | 76 | 77 | 58 | 56 | 62 | 61 | 82 |
| Inventory Days | 70 | 68 | 58 | 60 | 74 | 72 | 62 | 65 | 63 | 66 |
| Payable Days | 37 | 54 | 52 | 54 | 65 | 72 | 56 | 46 | 38 | 51 |
From a modest beginning in 1986-87 with a simple extrusion coating line involving a small investment, Shree Rama Multi-Tech (SRMTL) has grown into an international scale organization offering state-of-the-art packaging solutions to a large customer base.
Shree Rama Multi Tech Ltd. (India) as one of the largest manufacturers of flexible packaging materials in global horizon. SRMTL has set up integrated hi-tech production facilities, with an investment of US $ 110 million. It is an ISO 9001-2000 company having state of the art plant and machinery and technology and a leading player in the global arena.
SRMTL is a complete solution provider to packaging needs of consumer industry, supported by latest technology, intense R & D and vast experience in the industry, the company has attained highest quality standards. The packaging support from SRMTL adds tremendous value and appeal to products.
The company has invested in the most modern plastic process technologies and is one of the largest integrated facilities for laminated and plastic tubes in the world. Their activities manifest their concern for careful attention to the minutest requirements of their valued customers. They strongly believe that they must live up to the expectations of their customers and provide them with superior quality and advanced packaging products, comparable with international standards. This has helped them build a strong relationship base which is the backbone of their organization.
The future growth of the company is being propelled through the development of new products and creation of new markets, both domestic and international.
SRMTL is one of the largest producers of laminated tubes, monolayer & multi-layer tubes for toothpaste, shaving cream & beauty cream and ointment, epoxy, adhesives, self adhesive labels, flexible and tube laminates (for toothpaste), specialty laminates, paper cups & HIPS cups, and Tarpaulin. The prestigious clients list for the world class packaging materials in FMCG pharmaceutical & cosmetics companies in domestic (Like HLL, EMAMI, DABUR, VICCO, HIMALAYA, RANBAXY, CIPLA, CHOICE, J.K.HELEN ETC.) and UNILEVER & STS Holdings in International markets.
The company is having technical alliances with :
Product range of the company includes:
Clientele:
Achievements/ recognition
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