Simran Farms Ltd

Simran Farms Ltd

₹ 185 2.75%
24 Dec - close price
About

Incorporated in 1984, Simran Farms Ltd is
in the business of poultry farming and allied activities

Key Points

Business Overview:[1][2][3]
Company does integration and consolidation of poultry products and caters to poultry and its allied sectors. It is mainly focused on integration/contract farming with poultry farmers and consolidation of poultry activities and has also arranged its own manufacturing set-up for production of poultry feeds. Company's parent poultry breeding farms are located near Indore in Madhya Pradesh and hatcheries and contract rearing farms are located in Madhya Pradesh, Chhattisgarh, Punjab, Gujarat, Rajasthan, Jammu & Maharashtra. At present, major part of company’s revenue is generated from selling broilers. Company supplies its products to wholesalers & retailers located in various states

  • Market Cap 70.1 Cr.
  • Current Price 185
  • High / Low 270 / 106
  • Stock P/E 12.3
  • Book Value 104
  • Dividend Yield 0.00 %
  • ROCE 3.79 %
  • ROE 1.02 %
  • Face Value 10.0

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
  • The company has delivered a poor sales growth of 8.74% over past five years.
  • Promoter holding is low: 37.3%

* 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: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
112.44 106.10 84.87 93.40 83.59 86.92 103.05 105.59 119.04 123.38 138.42 176.41 174.64
107.90 108.44 85.91 92.15 89.09 83.57 95.46 103.66 114.91 127.83 138.17 164.14 174.07
Operating Profit 4.54 -2.34 -1.04 1.25 -5.50 3.35 7.59 1.93 4.13 -4.45 0.25 12.27 0.57
OPM % 4.04% -2.21% -1.23% 1.34% -6.58% 3.85% 7.37% 1.83% 3.47% -3.61% 0.18% 6.96% 0.33%
0.04 0.01 2.75 0.05 0.01 0.41 0.23 0.48 0.38 0.40 1.01 0.56 0.45
Interest 0.37 0.44 0.75 0.65 0.43 0.47 0.52 0.67 0.45 0.31 0.46 0.19 0.10
Depreciation 0.52 0.53 0.53 0.46 0.54 0.51 0.45 0.40 0.38 0.37 0.59 0.44 0.45
Profit before tax 3.69 -3.30 0.43 0.19 -6.46 2.78 6.85 1.34 3.68 -4.73 0.21 12.20 0.47
Tax % 16.80% -21.82% -869.77% 57.89% -20.12% 7.91% 12.26% 56.72% 19.84% -28.12% 14.29% 28.69% 55.32%
3.07 -2.58 4.17 0.08 -5.16 2.57 6.01 0.59 2.95 -3.40 0.18 8.70 0.22
EPS in Rs 8.10 -6.80 11.00 0.21 -13.61 6.78 15.85 1.56 7.78 -8.97 0.47 22.94 0.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
282 360 444 447 410 341 320 281 322 394 367 486 613
284 356 438 440 401 330 310 307 297 383 360 485 604
Operating Profit -2 3 6 7 9 11 10 -26 25 11 7 2 9
OPM % -1% 1% 1% 2% 2% 3% 3% -9% 8% 3% 2% 0% 1%
1 -0 0 0 0 0 0 0 0 3 1 2 2
Interest 1 1 3 5 6 3 2 1 2 2 2 2 1
Depreciation 1 1 2 2 2 2 2 2 2 2 2 2 2
Profit before tax -3 1 1 0 1 5 6 -29 22 10 3 0 8
Tax % 1% 26% -47% -103% 35% 26% 34% -26% 42% -5% -4% 40%
-3 1 1 1 1 4 4 -22 12 10 3 0 6
EPS in Rs -7.78 1.66 2.03 1.56 2.35 10.39 10.65 -56.81 32.94 27.30 9.20 0.82 15.02
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 9%
3 Years: 15%
TTM: 48%
Compounded Profit Growth
10 Years: -7%
5 Years: -40%
3 Years: -71%
TTM: -52%
Stock Price CAGR
10 Years: 28%
5 Years: 36%
3 Years: 2%
1 Year: 8%
Return on Equity
10 Years: 7%
5 Years: 2%
3 Years: 14%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 11 11 12 12 14 18 22 0 13 23 26 27 35
5 12 29 49 39 35 30 30 28 28 30 35 12
49 61 85 80 61 40 48 58 48 48 57 74 99
Total Liabilities 69 88 129 146 117 96 103 92 92 102 117 140 151
11 14 16 18 18 22 21 20 19 21 23 22 23
CWIP 0 0 1 0 0 0 0 0 1 0 0 0 0
Investments 1 1 1 1 1 1 1 1 1 1 1 1 1
56 73 110 126 98 73 81 70 71 80 93 116 127
Total Assets 69 88 129 146 117 96 103 92 92 102 117 140 151

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 3 -13 -17 4 10 16 -7 11 -2 -7 8
-2 -4 -5 -3 -1 -6 -1 -2 -1 -0 -4 -1
-0 -0 20 19 -4 -1 0 0 -2 -0 0 -1
Net Cash Flow 2 -1 2 -1 -1 3 15 -9 8 -3 -10 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 9 13 17 17 9 9 11 13 9 8 10 10
Inventory Days 66 69 83 96 91 75 69 56 57 56 88 76
Days Payable 68 69 81 75 64 47 62 79 61 49 64 63
Cash Conversion Cycle 7 12 19 38 36 38 18 -10 5 15 33 23
Working Capital Days 2 6 18 35 31 31 15 -9 4 13 26 20
ROCE % -13% 9% 11% 9% 12% 16% 14% -64% 60% 18% 9% 4%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
37.32% 37.32% 37.32% 37.32% 37.32% 37.32% 37.32% 37.32% 37.32% 37.32% 37.32% 37.32%
62.68% 62.68% 62.68% 62.69% 62.68% 62.68% 62.69% 62.68% 62.69% 62.67% 62.68% 62.69%
No. of Shareholders 4,7645,5105,4395,4895,4745,3425,1275,0525,1425,3055,1164,942

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