MarketFriction

Shrenik Ltd

NSE SHRENIK · Paper & Paper Products
₹0.28 -3.45%
NSE close2026-10-01
52 week range0.27 - 0.65
Market cap₹17.8 Cr.
P/E296
GSMInsolvency Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9.1510.455.993.244.844.654.755.839.029.1911.656.26
Expenses-93.7010.29248.793.545.005.014.806.298.848.1212.756.89
Operating Profit102.850.16-242.80-0.30-0.16-0.36-0.05-0.460.181.07-1.10-0.63
OPM %1,124.04%1.53%-4,053.42%-9.26%-3.31%-7.74%-1.05%-7.89%2.00%11.64%-9.44%-10.06%
Other Income-55.630.007.860.150.210.290.130.390.040.000.080.43
Interest0.160.140.000.000.000.000.000.000.000.000.010.00
Depreciation0.100.100.000.000.000.000.000.000.000.000.000.00
Profit before tax46.96-0.08-234.94-0.150.05-0.070.08-0.070.221.07-1.03-0.20
Tax %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit46.96-0.08-234.94-0.150.05-0.070.08-0.070.221.07-1.03-0.20
EPS in Rs0.77-0.00-3.84-0.000.00-0.000.00-0.000.000.02-0.02-0.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales329.23427.58593.17836.50795.53363.6763.8248.5634.1518.1036.0736.12
Expenses318.30413.85571.73806.99762.15349.5360.09130.09281.1618.2935.9936.60
Operating Profit10.9313.7321.4429.5133.3814.143.73-81.53-247.01-0.190.08-0.48
OPM %3.32%3.21%3.61%3.53%4.20%3.89%5.84%-167.90%-723.31%-1.05%0.22%-1.33%
Other Income0.240.360.791.321.284.650.2685.6912.610.160.120.55
Interest6.357.299.4612.9916.7218.6317.773.510.800.060.010.01
Depreciation0.290.330.700.772.351.600.880.540.310.000.000.00
Profit before tax4.536.4712.0717.0715.59-1.44-14.660.11-235.51-0.090.190.06
Tax %35.10%35.24%35.21%36.26%27.71%3.47%-1.84%-109.09%0.00%0.00%15.79%
Net Profit2.944.187.8210.8811.26-1.48-14.390.23-235.51-0.090.160.06
EPS in Rs0.070.090.130.180.18-0.02-0.240.00-3.85-0.000.000.00
Dividend Payout %0.00%0.00%26.09%18.75%18.12%-413.51%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-20%-37%-9%80%
Compounded Profit Growth-25%16%-9%700%
Stock Price CAGR%-28%-33%-47%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6.0015.0015.0020.4020.4020.4061.2061.2061.2061.2061.2061.20
Reserves2.098.6313.0634.6943.1855.2812.34-1.97-1.74-237.25-237.34-237.18
Borrowings59.6063.5092.95123.61164.99174.19175.81197.88146.42124.65123.47124.59
Other Liabilities12.5526.2725.9926.7968.8283.45104.16101.8257.7254.2554.2657.00
Total Liabilities80.24113.40147.00205.49297.39333.32353.51358.93263.602.851.595.61
Fixed Assets1.992.943.425.656.5712.169.602.892.060.010.010.01
CWIP0.000.000.590.004.920.000.000.000.000.000.000.00
Investments0.520.520.000.000.000.000.000.000.000.000.000.00
Other Assets77.73109.94142.99199.84285.90321.16343.91356.04261.542.841.585.60
Total Assets80.24113.40147.00205.49297.39333.32353.51358.93263.602.851.595.61
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5.96-7.45-13.09-47.14-18.1010.4526.87-7.6646.8520.83-0.79-43.77
Cash from Investing Activity-0.56-1.00-10.252.32-7.52-0.293.326.601.972.300.040.12
Cash from Financing Activity-3.108.1022.1743.4126.63-7.70-32.46-0.49-48.83-22.14-0.1543.65
Net Cash Flow2.30-0.36-1.18-1.401.012.47-2.27-1.55-0.010.99-0.900.00
Free Cash Flow5.27-8.69-14.03-49.35-24.658.5228.05-1.7847.2322.28-0.79-43.77
CFO/OP67%-54%-79%-200%-38%44%190%-206%-57%-8%416%-54,712%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days57.6153.4441.5233.4953.0058.68143.91879.841,021.193.312.2241.39
Inventory Days43.1766.0368.5986.7668.9990.14478.870.000.00
Days Payable16.1627.8813.4412.6423.3533.79222.17
Cash Conversion Cycle84.6291.5896.67107.6198.64115.02143.91879.841,277.883.312.2241.39
Working Capital Days20.1530.4740.8851.4935.6046.5692.41591.82456.70-1,855.35-3,486.05-865.90
ROCE %14.80%14.06%13.29%14.43%14.89%13.51%6.94%1.24%1.56%-303.50%
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Mar 2026
Promoters44.42%42.07%39.42%36.30%33.00%30.72%30.72%29.34%25.80%25.38%25.38%24.53%
DIIs0.00%0.00%0.00%0.05%0.00%0.00%0.00%0.00%0.05%0.00%0.00%0.00%
Public55.58%57.93%60.58%63.65%67.00%69.28%69.28%70.66%74.15%74.62%74.62%75.48%
No. of Shareholders1,10,2231,08,0051,08,0051,06,5531,12,7101,14,8001,14,8001,39,6081,52,9721,55,9461,55,9461,50,575

Fundamentals

Market Cap₹ 17.8 Cr.
Current Price₹ 0.29
Stock P/E296
Book Value₹ -2.88
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)80%
Compounded Profit Growth (TTM)700%
Standalone figures.
Valuation
Market capRs 17 Cr
Enterprise valueRs 142 Cr
P/E (TTM)285.63x
Price to book-0.10x
Price to sales0.47x
EV / EBITDA2023.26x
EV / EBIT2023.26x
EV / sales3.92x
Earnings yield0.35%
P/B, 3-year average-0.26x
P/E, 5-year average239.48x
P/B, 5-year average0.74x
Profitability
Operating margin (excl. other income)0.22%
Operating margin (incl. other income)0.55%
EBITDA margin0.19%
Pre-tax margin0.17%
Net profit margin0.17%
Net margin, latest quarter-3.19%
ROE-0.09%
ROA4.44%
ROE, 3-year average134.65%
ROCE, 3-year average-303.87%
ROA, 3-year average-58.80%
ROE, 5-year average76.53%
ROCE, 5-year average-100.36%
ROA, 5-year average-36.07%
Tax rate15.79%
Other income / net worth-0.07%
Growth
Sales growth (latest year)99.28%
Sales CAGR, 3 years-9.44%
Sales CAGR, 5 years-37.01%
Profit CAGR, 3 years-11.39%
Sales growth QoQ-46.27%
Sales growth YoY (latest quarter)7.38%
Per share
EPS (TTM)Rs 0.00
EPS (latest quarter)Rs -0.00
EPS, 3-year averageRs -1.92
EPS, 5-year averageRs -1.02
Book value per shareRs -2.88
Sales per shareRs 0.59
Cash flow per shareRs -0.72
Free cash flow per shareRs -0.72
Efficiency
Asset turnover6.43x
Fixed asset turnover3607.00x
Debtor days41 days
Debtors turnover8.82x
Creditor days222 days
Cash conversion cycle41 days
Working capital days-866 days
Leverage
Total debtRs 125 Cr
Cash and bankRs 0 Cr
Net debtRs 124 Cr
Debt to equity-0.71x
Net debt / EBITDA1778.43x
Interest coverage7.00x
Owners' fund to total sources-3136.90%
Debt to assets2220.86%
Cash flow
Cash from Operating Activity (latest year)Rs -44 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs 44 Cr
Free cash flow (latest year)Rs -44 Cr
FCFE (approx.: FCF + change in debt)Rs -43 Cr
Statement figures
Net sales (TTM)Rs 36 Cr
Net sales (latest year)Rs 36 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs -0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 36 Cr
Total expenditure (latest year)Rs 36 Cr
Total income (latest year)Rs 36 Cr
Share capitalRs 61 Cr
ReservesRs -237 Cr
Shareholders' fundsRs -176 Cr
Total assetsRs 6 Cr
Net blockRs 0 Cr
ReceivablesRs 4 Cr
Other liabilitiesRs 57 Cr
Shares outstanding (crore)61.21
Ownership
Promoter holding24.53% (-4.81 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 285.6 is at the 90th percentile of its own 5.2-year range (median 106.2, low 10.1, high 332.6).
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.
PeriodSHRENIKNifty 50Difference
1 week+0.0%-2.8% +2.8 pts
1 month-3.4%-6.8% +3.3 pts
3 months-26.3%-7.6% -18.7 pts
6 months-24.3%+0.4% -24.7 pts
1 year-49.1%-9.9% -39.2 pts
2 years-66.7%-13.6% -53.1 pts
3 years-70.5%+14.2% -84.7 pts
5 years-81.9%+27.9% -109.8 pts

Red flags

F-score 5 of 8
seriousNegative equity Shareholders' equity is negative
seriousInsolvency process Insolvency process 2026-09-30: Shrenik Limited has informed the Exchange about Corporate Insolvency Resolution Process
explainHigh accruals Profit exceeded operating cash by 783% of total assets in 2026
explainReceivables outrunning sales Receivables grew 3618% vs sales +99% in 2026
lookProfit leans on other income Other income was 63% of pre-tax profit in 2026
lookAuditor change Auditor change 2026-05-23: Shrenik Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: GSM, Insolvency
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

Jun 2026
Sales ₹6 Cr +7.4% vs Jun 2025. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2021-09-14 Annual General Meeting
2020-10-08 Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share0.5000
2020-10-08 Bonus 2:10.3333
2020-09-08 Dividend - Rs 0.20 Per Share
DateTypeWhat it says
2026-09-30Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-09-30Corporate Insolvency ResolutCorporate Insolvency Resolution Process Intimation regarding the Interim Resolution Professional performing the functions of theResolution Professiona...
2026-09-30Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-24Corporate Insolvency ResolutPrior Intimation of the 1st (First) Meeting of the Committee of Creditors (CoC) of Shrenik Limited (In CIRP).
2026-08-24Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-24Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-08-24LitigationPendency of Litigation(s)/dispute(s) or the outcome impacting the Company
2026-08-05Corporate Insolvency ResolutCorporate Insolvency Resolution Process
2026-07-30Board meeting outcomeShrenik Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-30Board meeting outcomeOutcome of Board Meeting held on Jun 30, 2026.
2026-06-22Shareholder meetingVoting results.
2026-06-20Shareholder meetingProceedings of Annual General Meeting held on Jun 20, 2026
2026-05-26Shareholder meetingNotice of undefined to be held on Jun 20, 2026
2026-05-26Shareholder meetingNotice of Annual General Meeting to be held on Jun 20, 2026
2026-05-23Change in AuditorsChange in Auditors of the company.
2026-05-13Address ChangeChange in Registered Office of the company.
2026-05-13Board meeting outcomeShrenik Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-29General UpdatesGeneral Updates
2026-04-07General UpdatesGeneral Updates
2026-03-03Board meeting outcomeOutcome of Board Meeting held on March 03, 2026.
2026-02-10Board meeting outcomeShrenik Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-10Board meeting outcomeBoard meeting held on February 10, 2026.
2025-11-08Board meeting outcomeShrenik Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-08Board meeting outcomeBoard meeting held on November 08, 2025.
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.
Order dateForumCase
2021-06-01NCLTJitendra Kumar Jain RP For morakhia Coppar & Alloys Pvt Ltd. Vs Shrenik ashokkumar Morakhia & Ors
2021-04-13NCLTJitendra Kumar Jain RP For morakhia Coppar & Alloys Pvt Ltd. Vs Shrenik ashokkumar Morakhia & Ors
2021-03-16NCLATShrenik Baid VS National Financial Reporting Authority
2021-02-17NCLTJitendra Kumar Jain RP For morakhia Coppar & Alloys Pvt Ltd. Vs Shrenik ashokkumar Morakhia & Ors
2021-02-03NCLATShrenik Baid VS National Financial Reporting Authority
2021-01-19NCLTJitendra Kumar Jain RP For morakhia Coppar & Alloys Pvt Ltd. Vs Shrenik ashokkumar Morakhia & Ors
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
GSMInsolvency Resolution Process(IRP)Scrip PE is greater than 50 (4 trailing quarters)Under BZ/SZ Series
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03