BSE: 0 | NSE: SSFL | Consumer Food | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Srivari Spices & Foods Ltd is a below average quality company.
The key valuation ratios of Srivari Spices & Foods 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 Srivari Spices & Foods 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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | -8.1% | 15.9% | 18.6% | 34.4% | 36.6% | - |
| Value Creation Index ⓘ | -1.6 | 0.1 | 0.3 | 1.5 | 1.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||
| Sales ⓘ | 0.2 | 11.4 | 17.6 | 35.8 | 78.3 | 78 |
| Sales YoY Gr. | - | 5,900% | 54.7% | 103% | 118.6% | - |
| Adj EPS ⓘ | -0.6 | 0.9 | 1.8 | 6.2 | 9.9 | 8.2 |
| YoY Gr. | - | NA | 105.7% | 241.4% | 59.4% | - |
| BVPS (₹) ⓘ | 9.4 | 10.6 | 12.4 | 18.3 | 33.6 | 57.2 |
| Adj Net Profit ⓘ | -0.1 | 0.4 | 0.7 | 3.1 | 7 | 7 |
| Cash Flow from Ops. ⓘ | 0 | -0.2 | -1.1 | -9.1 | -10.7 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | -2.5 | -1.4 | -1.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 90.1% | 118.6% | ||||
| Adj EPS ⓘ | NA | NA | 123.7% | 59.4% | ||||
| BVPSⓘ | NA | NA | 46.8% | 83.8% | ||||
| Share Price | - | - | - | 25.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -6 | 11.7 | 15.7 | 43.7 | 42.5 | 18.1 |
| Op. Profit Mgn % ⓘ | -44.7 | 7.2 | 9.3 | 16.2 | 16.3 | NAN |
| Net Profit Mgn % ⓘ | -56.1 | 3.1 | 4.1 | 8.6 | 9 | 9 |
| Debt to Equity ⓘ | 0 | 0 | 0.6 | 1.4 | 0.8 | - |
| Working Cap Days ⓘ | 0 | 53 | 93 | 137 | 163 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 3 | 46 | 105 | 130 | 0 |
Sales growth is growing at healthy rate in last 3 years 90.07%
Net Profit is growing at healthy rate in last 3 years 123.69%
Debt to equity has declined versus last 3 years average to 0.80
Return on Equity has declined versus last 3 years average to 18.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8.2 | 8.2 |
| TTM Sales (₹ Cr.) | 78.3 | 78.3 |
| BVPS (₹.) ⓘ | 57.2 | 57.2 |
| Reserves (₹ Cr.) ⓘ | 40 | 40 |
| P/BV ⓘ | 3.92 | 3.92 |
| PE ⓘ | 27.32 | 27.32 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 192 |
| Equity (₹ Cr.) | 8.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 65.3 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Sales | 0 | 11 | 18 | 36 | 78 |
| Operating Expenses ⓘ | 0 | 11 | 16 | 30 | 66 |
| Manufacturing Costs | 0 | 0 | 0 | 1 | 1 |
| Material Costs | 0 | 9 | 14 | 25 | 58 |
| Employee Cost | 0 | 1 | 1 | 2 | 3 |
| Other Costs ⓘ | 0 | 1 | 0 | 2 | 4 |
| Operating Profit ⓘ | 0 | 1 | 2 | 6 | 13 |
| Operating Profit Margin (%) | -44.7% | 7.2% | 9.3% | 16.2% | 16.3% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 1 | 2 |
| Depreciation ⓘ | 0 | 0 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 1 | 4 | 10 |
| Tax ⓘ | 0 | 0 | 0 | 1 | 3 |
| Profit After Tax | 0 | 0 | 1 | 3 | 7 |
| PAT Margin (%) | -56.1% | 3.1% | 4.1% | 8.6% | 9.0% |
| Adjusted EPS (₹) | -0.6 | 0.9 | 1.8 | 6.2 | 9.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 4 | 5 | 9 | 24 | |||||
| Share Capital ⓘ | 2 | 4 | 4 | 5 | 7 | |||||
| Reserves ⓘ | 0 | 0 | 1 | 4 | 17 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | |||||
| Debt | 0 | 0 | 3 | 11 | 17 | |||||
| Long Term Debt | 0 | 0 | 1 | 4 | 5 | |||||
| Short Term Debt | 0 | 0 | 2 | 7 | 12 | |||||
| Trade Payables | 1 | 2 | 2 | 3 | 8 | |||||
| Others Liabilities ⓘ | 0 | 0 | 1 | 3 | 6 | |||||
| Total Liabilities ⓘ | 2 | 6 | 11 | 26 | 55 | |||||
Fixed Assets | ||||||||||
| Gross Block | 2 | 4 | 5 | 6 | 8 | |||||
| Accumulated Depreciation | 0 | 0 | 1 | 2 | 2 | |||||
| Net Fixed Assetsⓘ | 2 | 3 | 4 | 5 | 6 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 0 | 1 | 2 | 8 | 29 | |||||
| Trade Receivables | 0 | 2 | 4 | 12 | 18 | |||||
| Cash Equivalents | 0 | 0 | 0 | 0 | 0 | |||||
| Others Assetsⓘ | 0 | 0 | 0 | 1 | 1 | |||||
| Total Assets ⓘ | 2 | 6 | 11 | 26 | 55 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 | -1 | -9 | -11 |
| PBT ⓘ | 0 | 0 | 1 | 4 | 10 |
| Adjustment ⓘ | 0 | 0 | 1 | 2 | 3 |
| Changes in Working Capital ⓘ | 0 | -1 | -3 | -15 | -22 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -2 | -2 | -2 | -1 | -2 |
| Capex | -2 | -2 | -2 | -1 | -2 |
| Net Investments | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2 | 2 | 3 | 10 | 13 |
| Net Proceeds from Shares ⓘ | 2 | 2 | 0 | 1 | 8 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 1 | 5 | 1 |
| Interest Paid ⓘ | 0 | 0 | 0 | -1 | -2 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 2 | 5 | 5 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.02 | 11.67 | 15.72 | 43.74 | 42.47 | |||||
| ROCE (%) | -8.14 | 15.93 | 18.64 | 34.42 | 36.59 | |||||
| Asset Turnover Ratio | 0.08 | 2.65 | 2.08 | 1.97 | 1.95 | |||||
| PAT to CFO Conversion(x) | N/A | N/A | -1 | -3 | -1.57 | Working Capital Days | ||||
| Receivable Days | 0 | 54 | 60 | 80 | 70 | |||||
| Inventory Days | 115 | 17 | 31 | 52 | 88 | |||||
| Payable Days | 1,448 | 51 | 53 | 35 | 33 | |||||
The company was incorporated on January 29, 2019 as ‘Srivari Spices and Foods Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated January 30, 2019 issued by the Deputy Registrar of Companies, Central Registration Centre. Subsequently, the company was converted into a public limited company pursuant to a resolution passed by its shareholders at an extraordinary general meeting held on December 12, 2022 and consequently the name of the company was changed to ‘Srivari Spices and Foods Limited’ and a fresh certificate of incorporation dated December 27, 2022 was issued by the Registrar of Companies, Telangana at Hyderabad.
The company is engaged in the business of manufacturing spices and flour (chakki atta) and market & sell it in and around Telangana and Andhra Pradesh. It handpick its raw materials from various parts of the country and process its products with utmost care without the use of artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient. Its unique business model has helped it penetrate the niche segment of its market and establish a customer base in and around Telangana and Andhra Pradesh.
Its goal since its incorporation was to manufacture quality spices and other food products which are organic and do not contain any artificial preservatives or chemicals, and in order to achieve its goal it has created a unique business model, wherein it manufactures and package its products in quantities which can sustain a customer until the shelf life of its product, in order to avoid wastage and deliver a wide range of products which carry the freshness and goodness of each ingredient. Its business has two model first is direct to customer (D2C) in nature, wherein it delivers its products directly at the doorstep of its customers using many retail stores. Secondly it also works in business to business (B2B), wherein it delivers its products to the suppliers. Its business model has helped it create a strong customer base as the quantity of its products packed and delivered in directly proportional to the shelf life of its products, therefore, once the product is consumed by its customers they place an order for the product and this helps it maintain a cyclic and continuous relationship with its customers.
Business area of the company
The company is engaged in the business of manufacturing spices and flour (chakki atta)
Products of the company
Awards, accreditations & recognition
History and milestone
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