Sharat Industries Ltd

Sharat Industries Ltd

₹ 59.8 2.82%
03 Jul 9:09 a.m.
About

Incorporated in 1990, Sharat Industries
Ltd is in the business of Shrimp Aquaculture
and manufactures & sells shrimp feeds[1]

Key Points

Business Overview:[1]
SIL is a vertically integrated aquaculture company with operations across shrimp, hatchery, farming, shrimp feed manufacturing, shrimp processing and cold storage. Co started with Black Tiger and Scampi shrimps and then became a pioneer of Vannamei (white shrimp) culture in India. At present, company produces a wide range of raw and cooked frozen-shrimp and also sells shrimp feed

  • Market Cap 143 Cr.
  • Current Price 59.8
  • High / Low 70.4 / 42.0
  • Stock P/E 24.4
  • Book Value 35.1
  • Dividend Yield 0.42 %
  • ROCE 9.81 %
  • ROE 7.22 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 39.0%
  • Promoter holding has decreased over last 3 years: -13.2%

* 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: Miscellaneous Industry: Aquaculture

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
13.53 29.92 33.52 40.14 35.55 86.36 98.26 85.32 62.60 79.90 96.84 60.75 64.67
12.22 27.84 31.53 38.18 33.84 81.54 92.81 80.86 58.94 74.12 89.64 56.05 61.14
Operating Profit 1.31 2.08 1.99 1.96 1.71 4.82 5.45 4.46 3.66 5.78 7.20 4.70 3.53
OPM % 9.68% 6.95% 5.94% 4.88% 4.81% 5.58% 5.55% 5.23% 5.85% 7.23% 7.43% 7.74% 5.46%
0.00 0.00 0.00 0.00 0.00 1.45 0.13 1.53 0.36 0.17 0.42 0.09 -0.14
Interest 0.01 0.05 0.03 0.10 0.10 1.56 2.12 2.43 2.47 2.31 2.52 2.40 2.16
Depreciation 0.69 0.72 0.72 0.72 0.72 0.97 1.09 1.06 1.13 1.15 1.18 1.17 1.20
Profit before tax 0.61 1.31 1.24 1.14 0.89 3.74 2.37 2.50 0.42 2.49 3.92 1.22 0.03
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 27.81% 27.85% 28.00% 35.71% 27.71% 28.32% 25.41% -1,100.00%
0.61 1.31 1.24 1.14 0.89 2.70 1.71 1.81 0.28 1.80 2.81 0.91 0.36
EPS in Rs 0.28 0.60 0.56 0.52 0.40 1.13 0.72 0.76 0.12 0.75 1.18 0.38 0.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
246 332 302
233 313 281
Operating Profit 14 19 21
OPM % 6% 6% 7%
1 3 1
Interest 6 9 9
Depreciation 4 4 5
Profit before tax 5 9 8
Tax % 23% 28% 23%
3 6 6
EPS in Rs 1.45 2.72 2.45
Dividend Payout % 0% 0% 10%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -9%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 26%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Equity Capital 24 24 24
Reserves 46 55 60
89 89 96
27 30 24
Total Liabilities 186 198 204
46 49 46
CWIP 3 1 2
Investments 0 0 0
138 147 156
Total Assets 186 198 204

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
2 17 -2
-8 -6 -2
9 -7 -4
Net Cash Flow 3 4 -7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 84 62 68
Inventory Days 114 82 106
Days Payable 26 24 19
Cash Conversion Cycle 172 120 155
Working Capital Days 155 117 155
ROCE % 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.17% 52.09% 45.27% 38.91% 38.95% 38.95% 38.95% 38.95% 38.95% 38.95% 38.95% 38.95%
0.39% 0.39% 0.39% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36%
47.44% 47.52% 54.33% 60.73% 60.69% 60.69% 60.69% 60.68% 60.69% 60.68% 60.68% 60.69%
No. of Shareholders 36,84236,92737,02037,12137,06137,06636,99836,94936,87136,88037,02337,377

* 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.

Click on the line-items to see the names of individual entities.

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