BSE: 543615 | NSE: | Business Support | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Silicon Rental Solutions Ltd is a average quality company.
The key valuation ratios of Silicon Rental Solutions 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 Silicon Rental Solutions 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'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.4% | 22.6% | 38.2% | 32.2% | 59.4% | 34.3% | 29.3% | - |
| Value Creation Index ⓘ | -0.5 | 0.6 | 1.7 | 1.3 | 3.2 | 1.5 | 1.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||||||
| Sales ⓘ | 6.4 | 8.4 | 12.3 | 13.8 | 24.6 | 36.3 | 63.3 | 63 |
| Sales YoY Gr. | - | 31.7% | 46.2% | 12% | 79% | 47.5% | 74.2% | - |
| Adj EPS ⓘ | 19.6 | 118.3 | 407 | 504.1 | 18.8 | 10.4 | 12.5 | 12.6 |
| YoY Gr. | - | 503% | 244% | 23.9% | -96.3% | -44.8% | 20.4% | - |
| BVPS (₹) ⓘ | 178.3 | 296.6 | 1,078.8 | 1,579.5 | 31.5 | 49.6 | 61.1 | 61.1 |
| Adj Net Profit ⓘ | 0.1 | 0.6 | 2.2 | 2.7 | 10.2 | 10.7 | 12.9 | 13 |
| Cash Flow from Ops. ⓘ | 3.5 | 5.1 | 7.7 | 10.1 | 15.4 | 19 | 21 | - |
| Debt/CF from Ops. ⓘ | 1 | 0.7 | 0.5 | 0.5 | 1.1 | 0.1 | 0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 49.8% | 66.3% | 74.2% | ||||
| Adj EPS ⓘ | NA | -36.2% | -70.8% | 20.4% | ||||
| BVPSⓘ | NA | -27.1% | -66.2% | 23.3% | ||||
| Share Price | - | - | - | 54.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11 | 49.8 | 59.2 | 37.9 | 79.6 | 31.4 | 22.6 | 20.5 |
| Op. Profit Mgn % ⓘ | 60.2 | 64.5 | 65 | 70 | 78.3 | 82.2 | 61.5 | NAN |
| Net Profit Mgn % ⓘ | 1.7 | 7.6 | 17.9 | 19.8 | 41.3 | 29.4 | 20.3 | 20.4 |
| Debt to Equity ⓘ | 3.6 | 2.3 | 0.6 | 0.6 | 1 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 167 | 150 | 141 | 78 | 75 | 104 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -121 | 16 | 123 | 76 | 68 | 99 | 0 |
Sales growth is growing at healthy rate in last 3 years 66.31%
Return on Equity has declined versus last 3 years average to 20.50%
Net Profit has been subdued in last 3 years -70.83%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 12.6 | - |
| TTM Sales (₹ Cr.) | 63.3 | - |
| BVPS (₹.) ⓘ | 61.1 | - |
| Reserves (₹ Cr.) ⓘ | 53 | - |
| P/BV ⓘ | 4.02 | - |
| PE ⓘ | 19.57 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 144.00 / 292.00 |
| All Time Low / High (₹) | 80.00 / 292.00 |
| Market Cap (₹ Cr.) | 252 |
| Equity (₹ Cr.) | 10.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 47.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Sales | 6 | 8 | 12 | 14 | 25 | 36 | 63 |
| Operating Expenses ⓘ | 3 | 3 | 4 | 4 | 5 | 6 | 24 |
| Manufacturing Costs | 0 | 0 | 1 | 2 | 1 | 2 | 2 |
| Material Costs | 1 | 1 | 1 | 0 | 1 | 1 | 17 |
| Employee Cost | 0 | 1 | 1 | 1 | 1 | 1 | 2 |
| Other Costs ⓘ | 2 | 2 | 2 | 2 | 2 | 3 | 4 |
| Operating Profit ⓘ | 4 | 5 | 8 | 10 | 19 | 30 | 39 |
| Operating Profit Margin (%) | 60.2% | 64.4% | 64.5% | 69.8% | 78.3% | 82.2% | 61.5% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation ⓘ | 4 | 4 | 5 | 6 | 5 | 15 | 21 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 3 | 4 | 14 | 14 | 17 |
| Tax ⓘ | 0 | 0 | 1 | 1 | 4 | 3 | 4 |
| Profit After Tax | 0 | 1 | 2 | 3 | 10 | 11 | 13 |
| PAT Margin (%) | 1.9% | 7.6% | 17.6% | 19.7% | 41.5% | 29.4% | 20.4% |
| Adjusted EPS (₹) | 22.4 | 118.3 | 399.1 | 500.7 | 18.9 | 10.4 | 12.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 8% |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1 | 2 | 6 | 9 | 17 | 51 | 63 | |||
| Share Capital ⓘ | 0 | 0 | 0 | 0 | 1 | 10 | 10 | |||
| Reserves ⓘ | 1 | 2 | 6 | 9 | 16 | 41 | 53 | |||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Debt | 3 | 4 | 4 | 5 | 16 | 2 | 6 | |||
| Long Term Debt | 3 | 4 | 4 | 5 | 13 | 2 | 5 | |||
| Short Term Debt | 0 | 0 | 0 | 0 | 3 | 0 | 1 | |||
| Trade Payables | 4 | 5 | 0 | 0 | 0 | 0 | 0 | |||
| Others Liabilities ⓘ | 0 | 0 | 8 | 9 | 9 | 4 | 8 | |||
| Total Liabilities ⓘ | 9 | 10 | 18 | 22 | 42 | 57 | 77 | |||
Fixed Assets | ||||||||||
| Gross Block | 10 | 16 | 23 | 32 | 53 | 81 | 107 | |||
| Accumulated Depreciation | 6 | 10 | 12 | 18 | 26 | 42 | 63 | |||
| Net Fixed Assetsⓘ | 5 | 6 | 11 | 14 | 26 | 40 | 44 | |||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Trade Receivables | 3 | 4 | 5 | 5 | 6 | 8 | 26 | |||
| Cash Equivalents | 0 | 0 | 1 | 3 | 10 | 8 | 6 | |||
| Others Assetsⓘ | 0 | 1 | 1 | 0 | 0 | 1 | 1 | |||
| Total Assets ⓘ | 9 | 10 | 18 | 22 | 42 | 57 | 77 | |||
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3 | 5 | 8 | 10 | 15 | 19 | 21 |
| PBT ⓘ | 0 | 1 | 3 | 4 | 10 | 11 | 13 |
| Adjustment ⓘ | 4 | 4 | 5 | 6 | 9 | 19 | 26 |
| Changes in Working Capital ⓘ | 0 | 0 | 0 | 1 | -2 | -8 | -13 |
| Tax Paid ⓘ | 0 | 0 | -1 | -1 | -2 | -3 | -5 |
| Cash Flow From Investing Activity ⓘ | -4 | -5 | -7 | -9 | -21 | -29 | -25 |
| Capex | -4 | -5 | -7 | -9 | -21 | -29 | -25 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 0 | 2 | 12 | 8 | 2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 1 | 24 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 2 | 13 | -12 | 3 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Others ⓘ | 0 | 0 | 0 | 0 | -2 | -4 | 1 |
| Net Cash Flow ⓘ | -1 | 0 | 0 | 3 | 6 | -2 | -2 |
| PARTICULARS | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 12.57 | 49.83 | 58.03 | 37.67 | 79.98 | 31.43 | 22.68 | |||
| ROCE (%) | 7.42 | 22.63 | 38.18 | 32.2 | 59.35 | 34.26 | 29.28 | |||
| Asset Turnover Ratio | 0.72 | 0.88 | 0.88 | 0.69 | 0.77 | 0.74 | 0.95 | |||
| PAT to CFO Conversion(x) | N/A | 5 | 4 | 3.33 | 1.5 | 1.73 | 1.62 | Working Capital Days | ||
| Receivable Days | 179 | 145 | 123 | 123 | 76 | 68 | 99 | |||
| Inventory Days | 1 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Payable Days | 2,875 | 2,719 | 1,726 | 0 | 0 | 0 | 0 | |||
The Company was incorporated as ‘Silicon Rental Solutions Private Limited’ under the Companies Act, 2013, pursuant to a certificate of incorporation dated January 28, 2016, issued by the ROC, Mumbai. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by the shareholders of the Company on July 06, 2022 and the name of the Company was changed from “Silicon Rental Solutions Private Limited” to “Silicon Rental Solutions Limited” vide fresh certificate of incorporation dated July 22, 2022 issued by the ROC, Mumbai.
Silicon Rental Solutions is an IT equipment outsourcing company, engaged in providing end to end IT equipments on a rental and returnable basis in India. It provides laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices etc. on rental basis mainly to small, medium and large corporate. Based on the client’s IT requirements, the company offer them tailor-made rental schemes that suit their requirements. By providing the IT rental services to its customers, it provides them with the flexibility and advantage to acquire the requisite equipments that they need to maximize their productivity without compromising their IT budget. In addition, it also sells the used IT equipments to clients as per their requirements. In Fiscal 2022, revenue generated from rental services and sale of used IT equipments represented 92.81% and 7.19% of the total revenue in such period, respectively.
The rapidly transforming technology and increased digitalization has made a robust IT infrastructure mandatory for companies to operate efficiently. Many enterprises face challenges to optimize the IT framework according to the requirements of their business due to budget limitation, lack of knowledge or other issues. It supports enterprises by providing them with the required IT products and equipments of major brands for short period of time ranging from 1 day to longer period upto 36 months based on the customer requirements. For providing seamless services to its customers and to cater its customer’s diverse requirements it carry stocks of latest models of Laptops, desktops, Servers, Mac books, and other IT equipments and also provide them the choice of equipment’s from all major brands like HP, Dell, Lenovo, Apple, Asus, Intel, AMD, Gigabyte, Sonicwall, Dlink, Cisco etc.
Business area of the company
The company is the leading provider of IT products on a rental basis in India. It provides laptops, desktops, printers, servers, networking gear and other peripherals like CCTV cameras, projectors, storage devices etc on rent to small and large scale businesses.
Key events and milestones
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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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