Price
Financials
Standalone, Rs crore| Mar 2019 | Sep 2019 | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 18.34 | 11.37 | 11.06 | 1.18 | 7.87 | 1.57 | 2.76 | 1.46 | 1.26 | 0.85 |
| Expenses | 14.75 | 7.64 | 11.99 | 2.95 | 15.66 | 3.85 | 13.72 | 2.20 | 2.09 | 1.06 |
| Operating Profit | 3.59 | 3.73 | -0.93 | -1.77 | -7.79 | -2.28 | -10.96 | -0.74 | -0.83 | -0.21 |
| OPM % | 19.57% | 32.81% | -8.41% | -150.00% | -98.98% | -145.22% | -397.10% | -50.68% | -65.87% | -24.71% |
| Other Income | 0.72 | 0.35 | 0.22 | 0.05 | 0.16 | 0.16 | 0.09 | 0.03 | 0.31 | 0.01 |
| Interest | 3.60 | 3.70 | 2.16 | 2.44 | 4.34 | 1.50 | 2.01 | 1.18 | 1.12 | 0.70 |
| Depreciation | 0.29 | 0.23 | 0.25 | 0.23 | 0.18 | 0.16 | 0.16 | 0.16 | 0.10 | 0.13 |
| Profit before tax | 0.42 | 0.15 | -3.12 | -4.39 | -12.15 | -3.78 | -13.04 | -2.05 | -1.74 | -1.03 |
| Tax % | 0.00% | 20.00% | -1.28% | 0.00% | 2.30% | 0.26% | -0.08% | 0.00% | 4.02% | 0.00% |
| Net Profit | 0.42 | 0.11 | -3.09 | -4.39 | -12.42 | -3.79 | -13.03 | -2.05 | -1.82 | -1.03 |
| EPS in Rs | 0.42 | 0.11 | -3.09 | -4.39 | -12.41 | -3.79 | -13.02 | -2.05 | -1.82 | -1.03 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 38.89 | 52.89 | 45.37 | 68.38 | 51.12 | 26.81 | 20.76 | 7.83 | 4.02 | 2.47 | 2.12 | 1.92 |
| Expenses | 35.78 | 48.80 | 41.76 | 57.79 | 39.90 | 19.18 | 17.97 | 17.39 | 17.26 | 4.05 | 2.93 | 2.91 |
| Operating Profit | 3.11 | 4.09 | 3.61 | 10.59 | 11.22 | 7.63 | 2.79 | -9.56 | -13.24 | -1.58 | -0.81 | -0.99 |
| OPM % | 8.00% | 7.73% | 7.96% | 15.49% | 21.95% | 28.46% | 13.44% | -122.09% | -329.35% | -63.97% | -38.21% | -51.56% |
| Other Income | 0.33 | 1.51 | 2.68 | 0.68 | 0.59 | 0.76 | 0.58 | 0.21 | 0.25 | 0.35 | 1.73 | 0.11 |
| Interest | 2.67 | 3.50 | 3.98 | 7.14 | 7.63 | 7.05 | 5.86 | 6.78 | 3.51 | 2.30 | 1.39 | 0.00 |
| Depreciation | 0.16 | 0.27 | 1.03 | 0.85 | 0.72 | 0.57 | 0.49 | 0.40 | 0.32 | 0.27 | 0.19 | 0.15 |
| Profit before tax | 0.61 | 1.83 | 1.28 | 3.28 | 3.46 | 0.77 | -2.98 | -16.53 | -16.82 | -3.80 | -0.66 | -1.03 |
| Tax % | 31.15% | 33.88% | 32.81% | 35.67% | 34.97% | -1.30% | -0.34% | 1.69% | 0.00% | 1.84% | 0.00% | 0.97% |
| Net Profit | 0.42 | 1.21 | 0.85 | 2.11 | 2.25 | 0.77 | -2.97 | -16.81 | -16.83 | -3.87 | -0.66 | -1.03 |
| EPS in Rs | 1.26 | 2.48 | 1.74 | 2.87 | 2.25 | 0.77 | -2.97 | -16.79 | -16.81 | -3.87 | -0.66 | -1.03 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -27% | -25% | -8% | -9% | ||
| Compounded Profit Growth | % | 14% | 20% | -55% | ||
| Stock Price CAGR | % | -14% | % | % | ||
| Return on Equity | % | % | % | % |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.34 | 4.88 | 4.89 | 7.34 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 |
| Reserves | 1.96 | 3.68 | 4.27 | 3.82 | 8.47 | 9.25 | 6.27 | -10.54 | -27.37 | -31.23 | -77.56 | -78.59 |
| Borrowings | 19.11 | 18.87 | 31.68 | 38.39 | 36.67 | 38.65 | 43.78 | 49.18 | 55.48 | 62.72 | 59.61 | 59.59 |
| Other Liabilities | 27.47 | 34.86 | 30.18 | 32.42 | 29.52 | 31.09 | 23.88 | 18.22 | 11.95 | 12.11 | 14.88 | 14.82 |
| Total Liabilities | 51.88 | 62.29 | 71.02 | 81.97 | 84.67 | 89.00 | 83.94 | 66.87 | 50.07 | 53.61 | 6.94 | 5.83 |
| Fixed Assets | 1.75 | 5.79 | 4.71 | 4.12 | 3.45 | 2.88 | 2.61 | 2.21 | 1.67 | 1.40 | 1.01 | 0.87 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 50.10 | 56.47 | 66.28 | 77.85 | 81.22 | 86.12 | 81.33 | 64.66 | 48.40 | 52.21 | 5.93 | 4.96 |
| Total Assets | 51.88 | 62.29 | 71.02 | 81.97 | 84.67 | 89.00 | 83.94 | 66.87 | 50.07 | 53.61 | 6.94 | 5.83 |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.52 | 10.51 | 0.19 | 9.43 | -1.82 | 2.85 | 3.62 | -7.13 | -5.18 | -6.02 | -0.82 | -0.20 |
| Cash from Investing Activity | -0.43 | -5.20 | 1.38 | 0.06 | 0.02 | -0.01 | -0.07 | 0.10 | 0.32 | 0.09 | 1.78 | 0.12 |
| Cash from Financing Activity | 1.57 | -2.20 | -0.40 | -10.15 | 0.22 | -1.75 | -3.64 | 4.32 | 3.15 | 4.96 | -1.67 | -0.02 |
| Net Cash Flow | 0.62 | 3.11 | 1.17 | -0.66 | -1.58 | 1.09 | -0.10 | -2.72 | -1.71 | -0.96 | -0.71 | -0.10 |
| Free Cash Flow | -1.22 | 6.56 | 0.24 | 9.17 | -1.87 | 2.84 | 3.40 | -7.13 | -4.81 | -5.91 | -0.82 | -0.21 |
| CFO/OP | -10% | 270% | 20% | 94% | -5% | 59% | 137% | 75% | 39% | 381% | 101% | 20% |
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 110.94 | 191.78 | 280.69 | 224.94 | 321.16 | 543.35 | 587.41 | 1,423.64 | 2,476.92 | 3,920.43 | 285.80 | 211.02 |
| Inventory Days | 296.60 | 163.90 | 201.40 | 198.61 | 320.94 | 919.48 | 877.62 | 601.64 | 336.32 | 2,922.27 | 391.45 | 370.84 |
| Days Payable | 171.23 | 86.03 | 220.76 | 143.13 | 226.86 | 478.85 | 321.88 | 251.76 | 139.35 | 1,201.55 | 1,491.74 | 1,632.28 |
| Cash Conversion Cycle | 236.30 | 269.65 | 261.33 | 280.42 | 415.24 | 983.98 | 1,143.15 | 1,773.52 | 2,673.88 | 5,641.14 | -814.49 | -1,050.42 |
| Working Capital Days | 280.81 | 106.48 | 162.19 | 114.18 | 230.05 | 498.42 | 639.63 | 1,545.31 | 1,444.56 | 3,539.17 | -4,218.16 | -4,805.83 |
| ROCE % | 14.85% | 20.56% | 15.12% | 22.79% | 21.18% | 13.80% | 4.53% | -17.94% | -31.05% | -4.07% |
Fundamentals
Market Cap₹ Cr.
Current Price₹ 6.30
Book Value₹ -68.5
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-9%
Compounded Profit Growth (TTM)-55%
Standalone figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 66 Cr
Price to book-0.09x
Price to sales3.28x
EV / sales34.13x
Earnings yield-16.33%
P/B, 3-year average-0.16x
P/B, 5-year average-6.04x
Profitability
Operating margin (excl. other income)-51.56%
Operating margin (incl. other income)-45.83%
EBITDA margin-45.83%
Pre-tax margin-53.65%
Net profit margin-53.65%
ROE1.51%
ROA-16.13%
ROE, 3-year average7.69%
ROCE, 3-year average0.29%
ROA, 3-year average-8.59%
ROE, 5-year average-0.45%
ROCE, 5-year average-12.01%
ROA, 5-year average-15.37%
Tax rate-0.97%
Other income / net worth-0.16%
Growth
Sales growth (latest year)-9.43%
Sales CAGR, 3 years-21.83%
Sales CAGR, 5 years-37.88%
Per share
EPS (TTM)Rs -1.03
EPS (latest year)Rs -1.03
EPS, 3-year averageRs -1.85
EPS, 5-year averageRs -7.83
Book value per shareRs -68.51
Sales per shareRs 1.92
Cash flow per shareRs -0.20
Free cash flow per shareRs -0.21
Efficiency
Asset turnover0.33x
Fixed asset turnover2.21x
Inventory turnover1.18x
Inventory days309 days
Debtor days211 days
Debtors turnover1.73x
Creditor days1632 days
Cash conversion cycle-1050 days
Working capital days-4806 days
Leverage
Total debtRs 60 Cr
Cash and bankRs 0 Cr
Net debtRs 59 Cr
Debt to equity-0.87x
Owners' fund to total sources-1176.33%
Debt to assets1022.13%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 2 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -1 Cr
PBDT (TTM)Rs -1 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -1 Cr
Depreciation (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 3 Cr
Total income (latest year)Rs 2 Cr
Share capitalRs 10 Cr
ReservesRs -79 Cr
Shareholders' fundsRs -69 Cr
Total assetsRs 6 Cr
Net blockRs 1 Cr
ReceivablesRs 1 Cr
InventoryRs 1 Cr
Other liabilitiesRs 15 Cr
Shares outstanding (crore)1.00
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | SRIRAM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -11.9% | -2.8% | -9.1 pts |
| 1 month | -23.2% | -6.8% | -16.4 pts |
| 3 months | -15.4% | -7.6% | -7.8 pts |
| 6 months | -50.4% | +0.4% | -50.8 pts |
| 1 year | -56.2% | -9.9% | -46.3 pts |
| 3 years | -56.4% | +14.2% | -70.6 pts |
| 5 years | -52.1% | +27.9% | -80.0 pts |
Red flags
F-score 3 of 8| serious | Negative equity Shareholders' equity is negative |
| look | Repeated losses Net loss in each of the last two 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
Sep 2023Sales ₹1 Cr -45.9% vs Sep 2021.
Net loss ₹1 Cr.
Activity
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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 Ram Switchgears Ltd?
Shri Ram Switchgears Ltd (SRIRAM) has a market capitalisation of Rs Cr. at the 2024-02-26 close.
What were Shri Ram Switchgears Ltd's latest quarterly results?
In the Sep 2023 quarter, Shri Ram Switchgears Ltd sales was Rs 1 Cr (-45.9% vs Sep 2021) with a net loss of Rs 1 Cr.