BSE: 519397 | NSE: | Consumer Food | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sharat Industries Ltd is a below average quality company.
The key valuation ratios of Sharat Industries 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 Sharat Industries 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 % ⓘ | 9.8% | 8.9% | 9.1% | 7.2% | 9.6% | 9.2% | 7.8% | 7.4% | 11.1% | 10% | - |
| Value Creation Index ⓘ | -0.3 | -0.4 | -0.4 | -0.5 | -0.3 | -0.3 | -0.4 | -0.5 | -0.2 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 203 | 148 | 159 | 148 | 194 | 200 | 251 | 247 | 333 | 302 | 316 |
| Sales YoY Gr. | - | -27% | 7.4% | -6.9% | 31.6% | 2.9% | 25.5% | -1.6% | 34.6% | -9.1% | - |
| Adj EPS ⓘ | 1.1 | 0.5 | 0.4 | 0.2 | 0.9 | 0.4 | 0.8 | 0.9 | 2 | 1.9 | 2 |
| YoY Gr. | - | -50.9% | -27.8% | -38.5% | 266.7% | -59.1% | 108.3% | 25.3% | 112.8% | -4% | - |
| BVPS (₹) ⓘ | 15.9 | 16.7 | 17.3 | 17.7 | 18.7 | 19.3 | 20.2 | 22.8 | 25.5 | 27.2 | 26.9 |
| Adj Net Profit ⓘ | 3.1 | 1.5 | 1.1 | 0.7 | 2.5 | 1 | 2.1 | 2.9 | 6.2 | 5.9 | 8 |
| Cash Flow from Ops. ⓘ | -2.2 | -1.6 | 7.3 | -2.7 | -3.4 | 6.8 | -10.6 | 1.8 | 17.3 | -1.7 | - |
| Debt/CF from Ops. ⓘ | -13.7 | -24.7 | 4.1 | -14 | -16.1 | 8.5 | -7.7 | 49 | 5.2 | -57.4 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.6% | 9.2% | 6.4% | -9.1% | ||||
| Adj EPS ⓘ | 6.4% | 16.9% | 36.8% | -4% | ||||
| BVPSⓘ | 6.2% | 7.8% | 10.4% | 6.7% | ||||
| Share Price | - | 25.3% | 6.7% | 17.1% | ||||
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 % ⓘ | 7.1 | 3.3 | 2.3 | 1.4 | 4.9 | 1.9 | 3.8 | 4.5 | 8.3 | 7.3 | 7.5 |
| Op. Profit Mgn % ⓘ | 4.7 | 6.4 | 3.9 | 5.2 | 5.9 | 5.9 | 4.5 | 5.6 | 6.1 | 7.1 | 7.9 |
| Net Profit Mgn % ⓘ | 1.5 | 1 | 0.7 | 0.5 | 1.3 | 0.5 | 0.8 | 1.2 | 1.9 | 2 | 2.6 |
| Debt to Equity ⓘ | 0.7 | 0.8 | 0.6 | 0.8 | 1 | 1.1 | 1.4 | 1.3 | 1.1 | 1.1 | 0.1 |
| Working Cap Days ⓘ | 85 | 149 | 133 | 149 | 148 | 179 | 171 | 194 | 146 | 172 | 93 |
| Cash Conv. Cycle ⓘ | 39 | 81 | 88 | 101 | 99 | 118 | 106 | 128 | 105 | 124 | 30 |
Return on Equity has increased versus last 3 years average to 7.50%
Net Profit is growing at healthy rate in last 3 years 36.80%
Sales growth has been subdued in last 3 years 6.38%
Debt to equity has increased versus last 3 years average to 1.14
Sales growth is not so good in last 4 quarters at -2.36%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2 | 2 |
| TTM Sales (₹ Cr.) | 316 | 316 |
| BVPS (₹.) ⓘ | 26.9 | 26.9 |
| Reserves (₹ Cr.) ⓘ | 67 | 67 |
| P/BV ⓘ | 1.99 | 2.00 |
| PE ⓘ | 26.35 | 26.34 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 32.58 / 64.92 |
| All Time Low / High (₹) | 0.19 / 64.92 |
| Market Cap (₹ Cr.) | 212 |
| Equity (₹ Cr.) | 39.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.4 |
| 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 | 203 | 148 | 159 | 148 | 194 | 200 | 251 | 247 | 333 | 302 |
| Operating Expenses ⓘ | 193 | 138 | 153 | 140 | 183 | 188 | 240 | 233 | 314 | 281 |
| Manufacturing Costs | 21 | 16 | 12 | 13 | 17 | 17 | 19 | 22 | 23 | 20 |
| Material Costs | 147 | 103 | 122 | 111 | 144 | 145 | 195 | 175 | 245 | 230 |
| Employee Cost | 7 | 9 | 7 | 7 | 9 | 10 | 9 | 8 | 8 | 7 |
| Other Costs ⓘ | 18 | 11 | 11 | 9 | 13 | 16 | 17 | 29 | 38 | 24 |
| Operating Profit ⓘ | 10 | 9 | 6 | 8 | 11 | 12 | 11 | 14 | 19 | 21 |
| Operating Profit Margin (%) | 4.7% | 6.4% | 3.8% | 5.2% | 5.9% | 5.9% | 4.5% | 5.6% | 5.7% | 7.1% |
| Other Income ⓘ | 4 | 2 | 4 | 1 | 1 | 2 | 2 | 1 | 3 | 1 |
| Interest ⓘ | 2 | 4 | 5 | 4 | 6 | 8 | 6 | 6 | 9 | 10 |
| Depreciation ⓘ | 5 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 5 |
| Exceptional Items ⓘ | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 3 | 3 | 2 | 4 | 3 | 4 | 5 | 9 | 8 |
| Tax ⓘ | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 3 | 2 |
| Profit After Tax | 3 | 2 | 2 | 1 | 3 | 2 | 3 | 3 | 7 | 6 |
| PAT Margin (%) | 1.3% | 1.4% | 1.1% | 0.8% | 1.5% | 0.9% | 1.0% | 1.4% | 2.0% | 1.9% |
| Adjusted EPS (₹) | 0.9 | 0.7 | 0.6 | 0.4 | 1.0 | 0.6 | 0.9 | 1.1 | 2.1 | 1.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% |
| 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 | 45 | 47 | 49 | 50 | 53 | 55 | 57 | 70 | 79 | 84 |
| Share Capital ⓘ | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 24 | 24 | 24 |
| Reserves ⓘ | 23 | 25 | 27 | 28 | 31 | 33 | 35 | 46 | 55 | 60 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 29 | 39 | 30 | 37 | 53 | 55 | 81 | 84 | 83 | 89 |
| Long Term Debt | 9 | 10 | 2 | 4 | 8 | 8 | 17 | 12 | 11 | 7 |
| Short Term Debt | 20 | 29 | 28 | 34 | 45 | 48 | 64 | 71 | 73 | 83 |
| Trade Payables | 23 | 12 | 9 | 14 | 20 | 24 | 27 | 13 | 16 | 12 |
| Others Liabilities ⓘ | 3 | 5 | 7 | 9 | 16 | 18 | 16 | 20 | 20 | 18 |
| Total Liabilities ⓘ | 101 | 103 | 96 | 110 | 142 | 152 | 181 | 186 | 198 | 204 |
Fixed Assets | ||||||||||
| Gross Block | 75 | 82 | 39 | 42 | 52 | 53 | 57 | 65 | 72 | 74 |
| Accumulated Depreciation | 41 | 46 | 3 | 5 | 8 | 12 | 15 | 19 | 23 | 28 |
| Net Fixed Assetsⓘ | 34 | 36 | 36 | 37 | 43 | 42 | 42 | 46 | 49 | 46 |
| CWIP ⓘ | 0 | 0 | 0 | 1 | 0 | 2 | 2 | 3 | 1 | 2 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 37 | 36 | 35 | 35 | 41 | 54 | 65 | 55 | 55 | 67 |
| Trade Receivables | 14 | 17 | 13 | 23 | 42 | 39 | 42 | 57 | 56 | 57 |
| Cash Equivalents | 9 | 5 | 5 | 5 | 6 | 3 | 4 | 6 | 12 | 5 |
| Others Assetsⓘ | 8 | 9 | 7 | 9 | 10 | 13 | 25 | 21 | 24 | 28 |
| Total Assets ⓘ | 101 | 103 | 96 | 110 | 142 | 152 | 181 | 186 | 198 | 204 |
| 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 ⓘ | -2 | -2 | 7 | -3 | -3 | 7 | -11 | 2 | 17 | -2 |
| PBT ⓘ | 6 | 3 | 3 | 2 | 4 | 3 | 4 | 5 | 9 | 8 |
| Adjustment ⓘ | 5 | 8 | 10 | 7 | 9 | 12 | 10 | 10 | 12 | 14 |
| Changes in Working Capital ⓘ | -11 | -12 | -4 | -11 | -15 | -7 | -24 | -12 | -3 | -22 |
| Tax Paid ⓘ | -1 | -1 | -1 | -1 | 0 | -1 | 0 | -1 | -2 | -1 |
| Cash Flow From Investing Activity ⓘ | -8 | -8 | 0 | -4 | -9 | -3 | -6 | -8 | -6 | -2 |
| Capex | -10 | -7 | -3 | -4 | -9 | -2 | -4 | -7 | -8 | -2 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | -1 | 3 | 0 | 1 | -1 | -2 | 0 | 1 | 0 |
| Cash Flow From Financing Activityⓘ | 16 | 5 | -8 | 3 | 13 | -5 | 17 | 9 | -7 | -4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 4 | 0 | -3 | 2 | 5 | 0 | 9 | -5 | -2 | -4 |
| Interest Paid ⓘ | -2 | -4 | -5 | -4 | -6 | -7 | -6 | -6 | -9 | -9 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Others ⓘ | 15 | 9 | -1 | 6 | 13 | 3 | 13 | 20 | 3 | 10 |
| Net Cash Flow ⓘ | 7 | -4 | -1 | -3 | 1 | 0 | 0 | 3 | 4 | -7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.85 | 4.53 | 3.51 | 2.29 | 5.62 | 3.28 | 4.61 | 5.41 | 8.78 | 7.22 |
| ROCE (%) | 9.79 | 8.91 | 9.14 | 7.24 | 9.64 | 9.23 | 7.8 | 7.37 | 11.1 | 10 |
| Asset Turnover Ratio | 2.36 | 1.45 | 1.62 | 1.45 | 1.56 | 1.37 | 1.52 | 1.36 | 1.74 | 1.51 |
| PAT to CFO Conversion(x) | -0.67 | -1 | 3.5 | -3 | -1 | 3.5 | -3.67 | 0.67 | 2.43 | -0.33 | Working Capital Days |
| Receivable Days | 33 | 39 | 34 | 44 | 60 | 73 | 58 | 72 | 62 | 68 |
| Inventory Days | 39 | 90 | 81 | 86 | 70 | 86 | 86 | 88 | 60 | 73 |
| Payable Days | 48 | 63 | 32 | 38 | 42 | 55 | 48 | 41 | 21 | 22 |
Sharat Industries was incorporated on May 7, 1990 as Sharat Sea Foods in Hyderabad, Andhra Pradesh and was later converted into a public limited company with effect from April 20, 1992 in terms of special resolution passed on March 9, 1992 u/s 31(1) 44 of the Companies Act, 1956.
In the year 1991, the company began by setting up a pilot project at Venkannapalem Village, Thotapalli Gudur Mandalam, Nellore District, Andhra Pradesh for brackish water prawn culture in 10 hectares of water spread area using indigenously developed technology. In its very first harvest it bagged the Best Performance Award for Semi-Intensive Shrimp Culture in Andhra Pradesh from the Association of Shrimp farmers adjudged by MPEDA for the year 1991-92.
In the year 2000 the company merged Akar Laminators and Vishnu Vijay Packagers with itself.
Business area of the company
The company is engaged in aquaculture project consisting of a hatchery, feed mill, grow-out farm and processing plant, which will produce Individually Quick Frozen (IQF) and other value added products.
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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.
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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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