Price
Financials
Standalone, Rs crore| Sep 2020 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 311 | 301 | 324 | 305 | 287 | 288 | 308 | 393 | 556 | 822 |
| Expenses | 128 | 305 | 282 | 310 | 291 | 272 | 274 | 293 | 373 | 528 | 777 |
| Operating Profit | 5 | 7 | 19 | 14 | 14 | 16 | 14 | 15 | 21 | 28 | 45 |
| OPM % | 3.6% | 2.1% | 6% | 4.3% | 4.5% | 5% | 4.8% | 4.9% | 5% | 5% | 5% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
| Interest | 2 | 3 | 3 | 3 | 5 | 5 | 3 | 5 | 5 | 9 | 11 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 2 |
| Profit before tax | 2 | 3 | 16 | 11 | 9 | 10 | 10 | 10 | 15 | 19 | 33 |
| Tax % | 25% | 20% | 28% | 26% | 26% | 26% | 26% | 26% | 26% | 24% | 29% |
| Net Profit | 2 | 3 | 12 | 8 | 6 | 7 | 8 | 7 | 11 | 14 | 24 |
| EPS in Rs | 0.98 | 1.55 | 5.23 | 3.56 | 2.93 | 3.35 | 3.45 | 3.26 | 4.91 | 6.51 | 10.76 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 227 | 235 | 337 | 612 | 629 | 575 | 702 | 1,378 |
| Expenses | 128 | 222 | 228 | 327 | 586 | 601 | 545 | 666 | 1,304 |
| Operating Profit | 4 | 5 | 7 | 10 | 26 | 28 | 29 | 36 | 73 |
| OPM % | 3.0% | 2.3% | 3.1% | 3.1% | 4.2% | 4.4% | 5% | 5% | 5% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 3 | 3 | 4 | 5 | 6 | 8 | 8 | 11 | 19 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 3 |
| Profit before tax | 1 | 2 | 3 | 5 | 19 | 19 | 20 | 24 | 52 |
| Tax % | 31% | 32% | 26% | 25% | 27% | 26% | 26% | 26% | 27% |
| Net Profit | 1 | 1 | 2 | 4 | 14 | 14 | 15 | 18 | 38 |
| EPS in Rs | 21.00 | 1.43 | 1.81 | 2.15 | 6.37 | 6.49 | 6.79 | 8.17 | 17.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 8% | 8% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 33% | 30% | 96% | ||
| Compounded Profit Growth | % | 61% | 39% | 111% | ||
| Stock Price CAGR | % | % | 88% | 137% | ||
| Return on Equity | % | 27% | 26% | 34% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 4 | 6 | 8 | 11 | 11 | 22 | 22 | 22 |
| Reserves | 4 | 16 | 18 | 19 | 42 | 55 | 58 | 73 | 109 |
| Borrowings | 19 | 26 | 36 | 58 | 73 | 77 | 124 | 183 | 313 |
| Other Liabilities | 9 | 3 | 8 | 9 | 15 | 25 | 33 | 56 | 142 |
| Total Liabilities | 33 | 49 | 67 | 93 | 141 | 168 | 237 | 334 | 587 |
| Fixed Assets | 5 | 19 | 22 | 23 | 23 | 24 | 24 | 61 | 81 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 12 | 25 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 29 | 30 | 45 | 71 | 119 | 144 | 209 | 261 | 480 |
| Total Assets | 33 | 49 | 67 | 93 | 141 | 168 | 237 | 334 | 587 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3 | -2 | -15 | -20 | 7 | -28 | 1 | -70 | |
| Cash from Investing Activity | -1 | -4 | -1 | -1 | -2 | -5 | -47 | -36 | |
| Cash from Financing Activity | -2 | 7 | 16 | 21 | -5 | 37 | 46 | 109 | |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 3 | |
| Free Cash Flow | 2 | -6 | -16 | -21 | 5 | -33 | -46 | -117 | |
| CFO/OP | 71% | -20% | -135% | -65% | 52% | -79% | 20% | -85% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19 | 11 | 18 | 0 | 1 | 2 | 7 | 8 | 13 |
| Inventory Days | 63 | 35 | 48 | 71 | 68 | 80 | 122 | 128 | 106 |
| Days Payable | 7 | 3 | 10 | 7 | 5 | 9 | 18 | 26 | 35 |
| Cash Conversion Cycle | 75 | 43 | 56 | 64 | 64 | 72 | 112 | 110 | 84 |
| Working Capital Days | 69 | 14 | 21 | 28 | 40 | 48 | 52 | 48 | 31 |
| ROCE % | 14% | 13% | 14% | 24% | 20% | 17% | 15% | 20% |
| Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% | 73.52% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% | 0.03% | 0.01% | 0.01% | 0.05% | 0.05% |
| Public | 26.48% | 26.47% | 26.48% | 26.47% | 26.48% | 26.44% | 26.45% | 26.45% | 26.47% | 26.47% | 26.42% | 26.42% |
| No. of Shareholders | 446 | 511 | 598 | 596 | 600 | 586 | 581 | 569 | 604 | 1,027 | 1,052 | 1,011 |
Fundamentals
Market Cap₹ 1,452 Cr.
Current Price₹ 656
Stock P/E38.0
Book Value₹ 59.4
ROCE19.8 %
ROE33.7 %
Dividend Yield0.15 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)96%
Compounded Profit Growth (TTM)111%
Standalone figures.
Valuation
Market capRs 1,502 Cr
Enterprise valueRs 1,680 Cr
P/E (TTM)83.07x
Price to book15.73x
Price to sales2.14x
EV / EBITDA46.17x
EV / EBIT47.91x
EV / sales2.39x
Price to cash flow1353.07x
Earnings yield1.20%
P/E, 3-year average13.87x
P/B, 3-year average2.68x
P/E, 5-year average11.61x
P/B, 5-year average2.33x
Profitability
Operating margin (excl. other income)5.09%
Operating margin (incl. other income)5.18%
EBITDA margin5.18%
Pre-tax margin3.49%
Net profit margin2.58%
ROE20.65%
ROCE14.55%
ROA6.33%
ROE, 3-year average21.79%
ROCE, 3-year average17.12%
ROA, 3-year average7.68%
ROE, 5-year average22.88%
ROCE, 5-year average17.80%
ROA, 5-year average7.88%
ROIC (approx.)9.48%
Tax rate26.08%
Other income / net worth0.73%
Growth
Sales growth (latest year)22.05%
Profit growth (latest year)20.29%
Sales CAGR, 3 years4.66%
Sales CAGR, 5 years24.41%
Profit CAGR, 3 years8.72%
Profit CAGR, 5 years52.25%
Per share
EPS (TTM)Rs 8.17
EPS (latest year)Rs 8.17
EPS, 3-year averageRs 9.31
EPS, 5-year averageRs 8.99
Book value per shareRs 43.17
Sales per shareRs 317.21
Cash flow per shareRs 0.50
Free cash flow per shareRs -52.89
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout, 3-year average7.74%
Dividend payout, 5-year average7.81%
Efficiency
Asset turnover2.10x
Fixed asset turnover11.57x
Inventory turnover2.87x
Inventory days127 days
Debtor days8 days
Debtors turnover43.83x
Creditor days35 days
Cash conversion cycle84 days
Working capital days31 days
Leverage
Total debtRs 183 Cr
Cash and bankRs 5 Cr
Net debtRs 178 Cr
Debt to equity1.91x
Net debt / EBITDA4.89x
Interest coverage3.31x
Owners' fund to total sources28.61%
Debt to assets54.77%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs -47 Cr
Cash from Financing Activity (latest year)Rs 46 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -117 Cr
FCFE (approx.: FCF + change in debt)Rs -58 Cr
Cash from ops / profit, 5 years-1.11x
Sales to cash flow632.11x
Statement figures
Net sales (TTM)Rs 702 Cr
Net sales (latest year)Rs 702 Cr
Operating profit excl. other income (latest year)Rs 36 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 26 Cr
Profit before tax (TTM)Rs 24 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 18 Cr
Net profit (latest year)Rs 18 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 11 Cr
Cost of goods sold (latest year)Rs 664 Cr
Total expenditure (latest year)Rs 666 Cr
Total income (latest year)Rs 702 Cr
Share capitalRs 22 Cr
ReservesRs 73 Cr
Shareholders' fundsRs 95 Cr
Total assetsRs 334 Cr
Net blockRs 61 Cr
Capital work in progressRs 12 Cr
ReceivablesRs 16 Cr
InventoryRs 231 Cr
Other liabilitiesRs 56 Cr
Shares outstanding (crore)2.21
Ownership
Promoter holding73.52% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 83.1 is at the 98th percentile of its own 5.1-year range
(median 34.7, low 10.4, high 83.1).
P/B 15.73 is at the 98th percentile (median 6.49).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 543373 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +12.1% | -2.8% | +14.9 pts |
| 1 month | +29.0% | -6.8% | +35.8 pts |
| 3 months | +135.0% | -7.6% | +142.6 pts |
| 3 years | +585.7% | +14.2% | +571.5 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -42% of net profit over the last 3 years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹822 Cr +185.4% vs Mar 2024.
Net profit ₹24 Cr +200.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Marico Ltd | 102,346 | 54.2 | 47.0 % |
| Patanjali Foods Ltd | 40,412 | 18.6 | 12.1 % |
| AWL Agri Business Ltd | 23,232 | 19.8 | 18.3 % |
| Gokul Agro Resources Ltd | 6,351 | 15.1 | 36.7 % |
| CIAN Agro Industries & Infrastructure Ltd | 3,115 | 9.67 | 12.3 % |
| Sundrop Brands Ltd | 2,831 | 101 | 1.93 % |
| KN Agri Resources Ltd | 500 | 14.0 | 13.6 % |
| Gokul Refoils and Solvent Ltd | 386 | 18.6 | 8.25 % |
| Kriti Nutrients Ltd | 364 | 10.8 | 20.0 % |
| Integrated Proteins Ltd | 249 | 429 | 1.26 % |
| Vijay Solvex Ltd | 207 | 8.69 | 9.00 % |
| Ramdevbaba Solvent Ltd | 204 | 17.8 | 5.39 % |
| Ajanta Soya Ltd | 183 | 12.7 | 8.87 % |
| Prime Industries Ltd | 177 | 19.8 | 26.9 % |
| M K Proteins Ltd | 147 | 31.3 | 10.1 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Shri Venkatesh Refineries Ltd?
Shri Venkatesh Refineries Ltd (543373) has a market capitalisation of Rs 1,452 Cr. at the 2026-10-01 close.
What is the P/E ratio of Shri Venkatesh Refineries Ltd?
Shri Venkatesh Refineries Ltd trades at a P/E of 38.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Shri Venkatesh Refineries Ltd's latest quarterly results?
In the Mar 2026 quarter, Shri Venkatesh Refineries Ltd sales was Rs 822 Cr (+185.4% vs Mar 2024) and net profit was Rs 24 Cr.