Is Shriram Properties a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Shriram Properties Ltd is a below average quality company .

Is Shriram Properties undervalued or overvalued?

The key valuation ratios of Shriram Properties Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Shriram Properties share price return in the past 10 years?

Data is not available for this company

Is Shriram Properties a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Shriram Properties Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Shriram Properties Ltd - Stock Valuation and Financial Performance

Name: Shriram Properties
Brand: Shriram Properties

BSE: 543419 | NSE: SHRIRAMPPS | Construction - Real Estate | Small Cap

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Shriram Properties Share Price

₹105.40 -3.70 -3.39%
as on 20-Dec'24 16:59

10 Year X-Ray of Shriram Properties:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	-3.3%	-0%	16.5%	16%	4.5%	4.1%	3.3%	-0.9%	5.2%	7.8%	-
Value Creation Index ⓘ	-1.2	-1.0	0.2	0.1	-0.7	-0.7	-0.8	-1.1	-0.6	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	161	229	173	181	452	263	125	207	135	132	79
Sales YoY Gr.	-	42.6%	-24.5%	4.2%	150.6%	-41.9%	-52.6%	66.1%	-34.8%	-1.9%	-
Adj EPS ⓘ	-2.2	0.3	-4.1	2.2	2.1	1.2	1	-2	3	5.7	3.4
YoY Gr.	-	NA	-1375%	NA	-5.1%	-42%	-15.1%	-302%	NA	91.2%	-
BVPS (₹) ⓘ	67.7	66.8	71.7	83.6	85.4	86.1	86.8	87.8	90.8	96.5	95.2
Adj Net Profit ⓘ	-32.1	4.8	-60.5	32	30.4	17.7	15	-34.7	50.3	96.3	57
Cash Flow from Ops. ⓘ	-39.5	-64.2	-49.2	-52.2	-119	-62.8	-19.8	-114	-116	-13.1	-
Debt/CF from Ops. ⓘ	-6	-3.8	-4.8	-6.5	-3.2	-4.8	-13.2	-2.1	-2.9	-21.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-2.2%	-21.8%	2%	-1.9%
Adj EPS ⓘ	NA	22.5%	77.6%	91.2%
BVPSⓘ	4%	2.5%	3.6%	6.2%
Share Price	-	-	4.9%	-11.4%

Key Financial Parameters ⓘ

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	0.5	-5.9	2.8	2.4	1.4	1.2	-2.5	3.3	6	3.5
Op. Profit Mgn % ⓘ	-25.3	-7	-14.7	-45	-6.2	-10.6	-54.8	-59.6	-44.6	-11.1	-86
Net Profit Mgn % ⓘ	-20	2.1	-34.9	17.7	6.7	6.7	12.1	-16.8	37.3	72.8	72.6
Debt to Equity ⓘ	0.2	0.3	0.2	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0
Working Cap Days ⓘ	1,429	1,199	1,734	2,004	1,047	1,951	3,948	2,332	3,614	3,383	2,212
Cash Conv. Cycle ⓘ	314	293	478	559	271	455	755	407	707	894	1,149

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.50%

Net Profit is growing at healthy rate in last 3 years 77.62%

Sales growth has been subdued in last 3 years 2.04%

Sales growth is not so good in last 4 quarters at -46.64%

Latest Financials - Shriram Properties Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.4	3.2
TTM Sales (₹ Cr.)	79	818
BVPS (₹.) ⓘ	95.2	76
Reserves (₹ Cr.) ⓘ	1,451	1,124
P/BV ⓘ	1.11	1.39
PE ⓘ	31.29	32.58

From the Market
52 Week Low / High (₹)	91.15 / 147.50
All Time Low / High (₹)	53.25 / 147.50
Market Cap (₹ Cr.)	1,796
Equity (₹ Cr.)	170.4
Face Value (₹)	10
Industry PE ⓘ	80.9

Management X-Ray of Shriram Properties:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Shriram Properties

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Shriram Properties

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	161	229	173	181	452	263	125	207	135	132
Operating Expenses ⓘ	242	273	199	262	480	306	193	338	195	147
Manufacturing Costs	1	1	1	1	1	10	1	0	0	1
Material Costs	137	195	112	143	373	164	56	58	69	26
Employee Cost	40	25	26	37	68	73	53	62	68	74
Other Costs ⓘ	64	53	60	81	39	60	84	218	58	46
Operating Profit ⓘ	-81	-44	-26	-81	-28	-43	-68	-131	-60	-15
Operating Profit Margin (%)	-50.2%	-19.0%	-14.7%	-45.0%	-6.2%	-16.3%	-54.8%	-63.3%	-44.6%	-11.1%
Other Income ⓘ	41	45	64	102	113	112	122	119	158	166
Interest ⓘ	19	14	147	28	48	46	47	38	42	37
Depreciation ⓘ	2	2	2	2	2	2	3	3	3	3
Exceptional Items ⓘ	0	0	171	211	-10	-2	0	0	0	0
Profit Before Tax ⓘ	-60	-15	62	202	25	20	4	-52	53	111
Tax ⓘ	0	0	3	21	0	10	-11	-12	2	15
Profit After Tax	-60	-15	59	181	25	10	15	-40	50	96
PAT Margin (%)	-37.4%	-6.4%	34.3%	100.4%	5.6%	3.7%	12.1%	-19.4%	37.3%	72.8%
Adjusted EPS (₹)	-4.1	-1.0	4.0	12.2	1.7	0.7	1.0	-2.4	3.0	5.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	1,005	991	1,064	1,238	1,265	1,276	1,285	1,489	1,544	1,643
Share Capital ⓘ	148	148	148	148	148	148	148	170	170	170
Reserves ⓘ	857	842	916	1,090	1,117	1,127	1,137	1,319	1,374	1,473
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	238	245	235	339	377	283	258	234	266	238
Long Term Debt	0	0	0	160	122	82	33	57	49	10
Short Term Debt	238	245	235	179	255	201	225	178	217	227
Trade Payables	19	37	42	51	65	44	33	29	22	14
Others Liabilities ⓘ	306	337	317	350	445	391	363	249	263	252
Total Liabilities ⓘ	1,569	1,610	1,659	1,978	2,152	1,994	1,940	2,002	2,094	2,146
Fixed Assets
Gross Block	9	10	7	8	37	64	65	66	69	74
Accumulated Depreciation	5	7	4	5	7	8	10	14	16	19
Net Fixed Assetsⓘ	3	3	4	3	31	56	54	53	54	55
CWIP ⓘ	0	0	0	0	8	0	0	0	0	0
Investmentsⓘ	818	789	803	803	645	562	536	559	636	991
Inventories	181	229	286	273	414	284	258	240	346	310
Trade Receivables	8	6	24	57	48	23	40	28	16	8
Cash Equivalents	43	15	9	33	12	22	10	86	37	15
Others Assetsⓘ	515	569	532	810	994	1,048	1,042	1,035	1,005	767
Total Assets ⓘ	1,569	1,610	1,659	1,978	2,152	1,994	1,940	2,002	2,094	2,146

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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 ⓘ	-39	-64	-49	-52	-119	-63	-20	-114	-116	-13
PBT ⓘ	-60	-15	62	202	25	20	4	-52	53	111
Adjustment ⓘ	20	-2	-55	-241	-50	-52	-13	108	-90	-118
Changes in Working Capital ⓘ	6	-46	-57	-25	-78	-31	-11	-168	-82	-5
Tax Paid ⓘ	-5	-2	1	12	-16	1	0	-2	4	-1
Cash Flow From Investing Activity ⓘ	50	44	89	4	109	205	95	16	11	80
Capex	-1	-1	-2	-1	-35	-16	-1	-1	-3	-1
Net Investments	3	0	4	-164	193	83	37	2	-22	-39
Others ⓘ	48	45	87	168	-50	138	60	15	36	119
Cash Flow From Financing Activityⓘ	-3	-7	-39	72	-10	-133	-88	176	54	-87
Net Proceeds from Shares ⓘ	20	0	0	0	0	0	0	250	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-35	-15	-29	-31	-48	-45	-37	-25	-24	-14
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	12	8	-10	104	38	-88	-51	-49	78	-73
Net Cash Flow ⓘ	8	-28	1	24	-21	9	-12	77	-51	-21

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-5.88	-1.46	5.78	15.75	2.01	0.78	1.18	-2.89	3.32	6.05
ROCE (%)	-3.29	-0.03	16.45	16.02	4.54	4.06	3.27	-0.91	5.23	7.77
Asset Turnover Ratio	0.11	0.14	0.11	0.1	0.22	0.13	0.06	0.1	0.07	0.06
PAT to CFO Conversion(x)	N/A	N/A	-0.83	-0.29	-4.76	-6.3	-1.33	N/A	-2.32	-0.14
Working Capital Days
Receivable Days	13	11	32	82	42	49	91	59	59	34
Inventory Days	336	326	542	565	277	485	795	440	793	905
Payable Days	49	53	129	118	57	121	254	196	136	251

Shriram Properties Ltd Stock News

Shriram Properties Ltd FAQs

What is the share price of Shriram Properties?

Company share prices are keep on changing according to the market conditions. The closing price of Shriram Properties on 20-Dec-2024 16:59 is ₹105.4.

What is the market cap of Shriram Properties?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Shriram Properties stood at ₹1,795.5.

What is the P/E ratio of Shriram Properties?

The latest P/E ratio of Shriram Properties as of 20-Dec-2024 16:59 is 31.29.

What is the P/B ratio of Shriram Properties?

The latest P/B ratio of Shriram Properties as of 20-Dec-2024 16:59 is 1.11.

What is the 52-week high and low of Shriram Properties?

The 52-week high of Shriram Properties is ₹147.5 and the 52-week low is ₹91.15.

What is the TTM revenue of Shriram Properties?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shriram Properties is ₹79.03 ( Cr.) .

About Shriram Properties Ltd

Shriram Properties is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories. It is among the top five residential real estate companies in South India in terms of number of units launched between the calendar years 2012 and the third quarter of 2021 across Tier 1 cities of South India including Bengaluru, Chennai and Hyderabad. It also present in the mid-market premium and luxury housing categories as well as commercial and office space categories in its core markets.

The company is part of the Shriram Group, which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries. Its relationship with the Shriram Group provides it with strong brand recall and that it benefit, and will continue to benefit, from the trust and confidence that homebuyers, lenders, financial investors, landowners, development partners, contractors and other stakeholders place in the Shriram brand and its operational history. The company commenced operations in Bengaluru in the year 2000 and has since expanded its presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, it also has presence in Kolkata in East India, where it is developing a large mixed-use project. Bengaluru and Chennai are two key markets for it.

Business area of the company

The company is one of the leading residential real estate development companies in South India, primarily focused on the mid-market and affordable housing categories.

Awards, accreditations and accolades

2008: The company was certified as per ISO 9001:2008 by the International Accreditation Forum.
2010: The company was certified with IGBC:2010 for ‘Shriram - The Gateway’ for following level of certification under the Leadership in Energy and Environment Design (LEED) Indian Green Building Council by LEED India for Core & Shell Gold.
2013: The company was awarded the Real Estate Excellence Award for ‘Best Developer in Southern Region’ award by ASSOCHAM India.
2014: The company was awarded the ‘Most Transparent Developer in Southern Region’ award by ASSOCHAM India.
2014: The company was awarded the Real Estate Excellence Award for ‘Best Realty Investment Partner in India’ award by ASSOCHAM India.
2015: The company was awarded the Housing Excellence Award for the ‘Best Developer in Southern Region for the 3rd Successive Year’ by ASSOCHAM India.
2015: The company was certified as per ISO 9001:2015 by the International Accreditation Forum.
2017: The company was awarded the ‘Green Project of the Year’ by DNA, Real Estate and Infrastructure Round Table and Awards for Shriram Greenfield Project.
2018: The company was awarded the Golden Brick Awards under the category of ‘Outstanding Project of the Year’ for Shriram Greenfield.
2018: The company was awarded the Times Network National Awards for Marketing Excellence under the category ‘Brand of the Year - Affordable Housing.
2018: The company was awarded the Real Estate Awards under the category ‘Innovative Real Estate Marketing Campaign of the Year’ by ET Now for Code Kovil, Chennai.
2018: The company was awarded the ‘Innovative Marketing Concept of the Year’ for Codename Take It Easy by 10th Realty Plus Conclave & Excellence Awards 2018 (South).
2019: The company was awarded the Realty+ Conclave and Excellence Awards, 2019 – South under the category ‘Budget Housing Project of the Year’ for the Codename Dil Chahta Hai.
2019: The company was awarded the Real Estate Summit and Awards 2019 under the category ‘Integrated Township of the Year - Cyclical’ for Shriram Gateway.
2019: The company was awarded the Real Estate Summit and Awards 2019 under the category ‘Best Gated Community of the Year’.
2019: The company was awarded the Golden Brick Awards 2019 under the category of ‘Budgeted Housing Project of the Year - Residential (Regional)’ for the Codename Dil Chahta Hai.
2019: The Company was awarded the Global Real Estate Brand Awards 2019 under the category ‘Property Award of the Year - Plotted Development’ for Shiram Earth.
2020: The Company was awarded the Estate Awards under the category of Affordable Housing of the Year (South) for Codename Yuva, Shriram WYT Field.
2020: The Company was awarded the Realty+ Excellence Awards East 2020 under the category ‘Integrated Township Project of the Year’ for Shriram Grand City.
2021: The company was awarded The Business Leadership 2021 Award for Brand Excellence in Construction and Real Estate by Feather Touch.
2021: The Company was awarded the Indian Marketing Awards 2021 for Best Use of Omni Channel Marketing for Mega Value Month.

Major events and milestones

2006: Investment by Sun Apollo Investment Holdings LLC of approximately ?800 million in Shriram Properties and Infrastructure Private Limited.
2007: Investment by WSI/WSQI of Rs 2,100 million in the Company.
2007: Investment by Hypo Real Estate Bank International AG of Rs 5,590 million for a SEZ project in Chennai.
2011: Investment by WSI/WSQI and TPG Asia of Rs 2,431.50 million and Rs 3,250 million, respectively in the company.
2012: Investment by Ask Real Estate Special Opportunities Fund of Rs 839 million in Shrivision Homes for real estate projects in Bengaluru.
2014: Acquisition by India Realty Excellence Fund II LLP from Garden City Realty 49% of the share capital of Shrivision Towers and investment of approximately Rs 665 million in Shrivision Towers.
2014: Investment by Amplus Capital Advisors Private Limited of ?130 million in real estate projects in Bengaluru.
2017: Acquisition by Horus Holdings from Company of Shriram Properties and Infrastructure Private Limited which holds a project land located in a SEZ in Chennai for Rs 3,712.72 million.
2018: Purchase of compulsorily convertible debenture of Shriprop Properties by Mitsubishi Corporation through its subsidiary, DRI India Company Limited for a consideration of Rs 1,785 million.
2018: Signing of a non-binding memorandum of understanding with ASK Property Investment Advisors Private Limited for funding commitment of ?8,000 million in residential real estate projects in Bengaluru and Chennai.
2019: Entered the plotted development segment under the name of “Shriram Earth.” The first project under the series was launched in April, 2019 located off Mysore Road, Bengaluru. This project is spread over an area of 20 acres and contains 381 plots.
2019: Entered into a debenture trustee agreement with Kotak India Affordable Housing Fund - 1 for investment of Rs 400 million for the development of Shriram Grand Two, an affordable housing project in Kolkata with approximately 2 million square feet of saleable area.