Sreechem Resins Ltd

₹ 63.0 4.94%

22 Nov - close price

About

Incorporated in 1988, Sreechem Resins Ltd is a manufacturer of Phenolic Resins & Allied Product

Key Points

Product Profile:^[1]
Synthetic PF Resins viz., Novolak Resin and
Resol Resin, both in Liquid and Powder Form, Magnesia carbon refractory, Alumina carbon refractory, Dolomite refractory and Continuous casting refractory

Website BSE

Market Cap ₹ 26.5 Cr.
Current Price ₹ 63.0
High / Low ₹ 95.0 / 37.2
Stock P/E 10.5
Book Value ₹ 33.8
Dividend Yield 0.00 %
ROCE 22.2 %
ROE 18.6 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is expected to give good quarter

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding is low: 24.8%
Debtor days have increased from 41.4 to 56.9 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	8.70	18.42	31.10	38.29	21.96	8.84	7.45	7.29	8.14	19.69	17.86	8.62	8.45
	8.48	17.58	27.62	35.36	21.41	9.15	8.48	7.70	8.05	17.27	15.88	8.37	8.84
Operating Profit	0.22	0.84	3.48	2.93	0.55	-0.31	-1.03	-0.41	0.09	2.42	1.98	0.25	-0.39
OPM %	2.53%	4.56%	11.19%	7.65%	2.50%	-3.51%	-13.83%	-5.62%	1.11%	12.29%	11.09%	2.90%	-4.62%
	0.00	0.01	0.03	0.01	0.01	0.01	0.03	0.02	0.04	0.00	0.02	0.00	0.01
Interest	0.12	0.15	0.26	0.23	0.21	0.07	0.10	0.09	0.07	0.10	0.19	0.07	0.06
Depreciation	0.07	0.09	0.12	0.09	0.09	0.09	0.23	0.13	0.13	0.14	0.11	0.12	0.12
Profit before tax	0.03	0.61	3.13	2.62	0.26	-0.46	-1.33	-0.61	-0.07	2.18	1.70	0.06	-0.56
Tax %	0.00%	0.00%	33.55%	0.00%	0.00%	0.00%	20.30%	0.00%	0.00%	0.00%	51.18%	0.00%	0.00%
	0.03	0.61	2.08	2.62	0.26	-0.46	-1.60	-0.61	-0.07	2.19	0.83	0.06	-0.56
EPS in Rs	0.08	1.52	5.20	6.55	0.65	-1.15	-4.00	-1.52	-0.18	5.48	2.08	0.14	-1.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	28.55	30.69	31.27	24.42	24.95	28.27	32.88	29.71	34.47	72.53	76.53	52.97	54.62
	27.44	29.61	30.28	24.27	24.73	28.03	32.44	28.81	31.52	67.47	74.38	48.89	50.36
Operating Profit	1.11	1.08	0.99	0.15	0.22	0.24	0.44	0.90	2.95	5.06	2.15	4.08	4.26
OPM %	3.89%	3.52%	3.17%	0.61%	0.88%	0.85%	1.34%	3.03%	8.56%	6.98%	2.81%	7.70%	7.80%
	0.05	0.03	0.08	0.13	0.05	-0.45	0.02	0.04	0.06	0.05	0.05	0.08	0.03
Interest	0.56	0.53	0.49	0.34	0.30	0.28	0.34	0.31	0.37	0.65	0.61	0.45	0.42
Depreciation	0.44	0.46	0.24	0.24	0.25	0.25	0.22	0.19	0.23	0.34	0.50	0.50	0.49
Profit before tax	0.16	0.12	0.34	-0.30	-0.28	-0.74	-0.10	0.44	2.41	4.12	1.09	3.21	3.38
Tax %	25.00%	33.33%	29.41%	0.00%	-3.57%	-28.38%	0.00%	40.91%	22.82%	24.51%	24.77%	26.79%
	0.11	0.09	0.24	-0.31	-0.26	-0.53	-0.10	0.26	1.85	3.10	0.82	2.35	2.52
EPS in Rs	0.28	0.22	0.60	-0.78	-0.65	-1.32	-0.25	0.65	4.62	7.75	2.05	5.88	6.37
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%

Compounded Sales Growth
10 Years:	6%
5 Years:	10%
3 Years:	15%
TTM:	72%

Compounded Profit Growth
10 Years:	39%
5 Years:	95%
3 Years:	8%
TTM:	192%

Stock Price CAGR
10 Years:	%
5 Years:	71%
3 Years:	32%
1 Year:	59%

Return on Equity
10 Years:	10%
5 Years:	19%
3 Years:	19%
Last Year:	19%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.20
Reserves	2.28	2.37	2.61	2.30	2.04	1.51	1.41	1.66	3.52	6.62	7.43	9.80	9.99
	4.28	3.69	2.83	2.65	2.13	2.70	3.13	3.50	5.76	7.31	3.79	3.92	1.76
	4.44	4.29	2.36	3.56	1.73	3.93	2.71	5.50	6.45	5.44	1.19	2.39	2.15
Total Liabilities	15.00	14.35	11.80	12.51	9.90	12.14	11.25	14.66	19.73	23.37	16.41	20.11	18.10
	2.49	2.15	1.92	1.82	1.67	1.47	1.58	1.80	2.50	5.14	6.19	6.23	6.09
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.51	1.98	0.97	0.01	0.12	0.17
Investments	0.03	0.03	0.03	0.06	0.03	0.03	0.03	0.02	0.02	0.02	0.03	0.04	2.11
	12.48	12.17	9.85	10.63	8.20	10.64	9.64	12.33	15.23	17.24	10.18	13.72	9.73
Total Assets	15.00	14.35	11.80	12.51	9.90	12.14	11.25	14.66	19.73	23.37	16.41	20.11	18.10

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	0.56	0.97	1.26	0.46	0.91	-0.32	0.23	0.90	0.27	1.00	4.71	0.79
	-0.22	-0.12	0.06	-0.16	-0.09	-0.04	-0.34	-0.86	-2.40	-1.96	-0.60	-0.51
	-0.31	-1.06	-1.34	-0.35	-0.77	0.33	0.13	0.10	1.95	0.95	-4.10	-0.28
Net Cash Flow	0.03	-0.21	-0.02	-0.05	0.04	-0.04	0.02	0.13	-0.19	-0.01	0.02	-0.01

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	78.75	47.93	22.18	56.50	42.57	58.23	45.96	91.77	101.12	48.86	18.41	56.92
Inventory Days	82.15	102.45	96.91	110.29	83.56	84.03	66.14	65.99	73.96	46.76	28.13	46.32
Days Payable	54.45	45.10	22.51	53.39	24.69	59.14	37.31	86.93	92.30	32.46	4.81	15.89
Cash Conversion Cycle	106.45	105.28	96.58	113.39	101.44	83.12	74.79	70.83	82.79	63.16	41.73	87.35
Working Capital Days	100.87	92.89	86.96	106.12	90.99	80.95	72.49	78.50	91.70	58.73	39.82	77.52
ROCE %	6.93%	6.30%	7.90%	0.44%	0.23%	0.24%	2.99%	8.47%	24.78%	30.57%	10.26%	22.22%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	21.01%	21.01%	21.01%	21.02%	21.02%	21.02%	21.02%	21.02%	21.04%	21.04%	24.80%	24.80%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	78.94%	78.94%	78.94%	78.93%	78.93%	78.93%	78.94%	78.94%	78.93%	78.91%	75.15%	75.15%
No. of Shareholders	10,316	10,266	10,188	10,282	10,235	10,237	10,213	10,113	10,058	9,930	9,834	9,795

	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	21.01%	21.01%	21.01%	21.01%	21.01%	21.01%	21.01%	21.02%	21.04%	24.80%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	78.94%	78.94%	78.94%	78.94%	78.94%	78.94%	78.94%	78.93%	78.91%	75.15%
No. of Shareholders	10,722	10,703	10,677	10,636	10,618	10,580	10,266	10,237	9,930	9,795

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Sreechem Resins Ltd

Sreechem Resins Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports