Simran Farms Ltd

Simran Farms Ltd

₹ 180 -4.26%
23 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 68.2 Cr.
  • Current Price 180
  • High / Low 270 / 106
  • Stock P/E 11.8
  • Book Value 106
  • Dividend Yield 0.00 %
  • ROCE 3.95 %
  • ROE 1.23 %
  • 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 8.75% 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

Consolidated Figures in Rs. Crores / View Standalone

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
107.78 108.31 86.07 92.10 89.03 83.52 95.41 103.61 114.86 127.78 138.13 164.08 174.02
Operating Profit 4.66 -2.21 -1.20 1.30 -5.44 3.40 7.64 1.98 4.18 -4.40 0.29 12.33 0.62
OPM % 4.14% -2.08% -1.41% 1.39% -6.51% 3.91% 7.41% 1.88% 3.51% -3.57% 0.21% 6.99% 0.36%
0.04 0.01 2.74 0.05 0.01 0.40 0.24 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 0.54 0.54 0.54 0.48 0.56 0.53 0.46 0.42 0.39 0.39 0.61 0.46 0.46
Profit before tax 3.79 -3.18 0.25 0.22 -6.42 2.80 6.90 1.37 3.72 -4.70 0.23 12.24 0.51
Tax % 17.15% -20.75% -1,452.00% 54.55% -20.09% 7.50% 12.46% 56.20% 20.16% -28.09% 17.39% 28.68% 50.98%
3.14 -2.52 3.88 0.10 -5.13 2.59 6.04 0.60 2.97 -3.38 0.19 8.72 0.24
EPS in Rs 8.25 -6.67 10.36 0.26 -13.56 6.83 15.90 1.58 7.83 -8.91 0.50 23.00 0.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
284 356 438 440 401 330 310 307 297 382 360 484 604
Operating Profit -2 4 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 2 5 6 -29 22 10 3 1 8
Tax % 2% 27% -51% -53% 35% 26% 34% -26% 42% -3% -3% 37%
-3 1 1 1 1 4 4 -22 13 10 4 0 6
EPS in Rs -7.41 1.98 2.56 1.77 2.58 10.60 10.73 -56.73 33.18 27.14 9.44 1.00 15.22
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: -38%
3 Years: -69%
TTM: -51%
Stock Price CAGR
10 Years: 28%
5 Years: 36%
3 Years: 1%
1 Year: 5%
Return on Equity
10 Years: 7%
5 Years: 2%
3 Years: 14%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 12 12 13 14 18 22 1 13 24 27 27 36
1 12 29 49 39 35 29 29 28 28 30 35 12
54 61 85 80 61 40 48 58 47 47 56 73 98
Total Liabilities 69 88 129 146 118 96 103 92 92 102 117 139 150
13 16 17 20 19 23 22 21 20 21 23 23 23
CWIP 0 0 1 0 0 0 0 0 1 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
56 72 110 126 99 73 81 70 71 81 93 116 127
Total Assets 69 88 129 146 118 96 103 92 92 102 117 139 150

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Consolidated Figures in Rs. Crores / View Standalone

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 80 75 63 45 60 76 58 46 60 60
Cash Conversion Cycle 7 12 20 38 37 40 20 -7 9 18 37 26
Working Capital Days 2 6 18 35 32 32 16 -7 5 14 28 21
ROCE % -13% 11% 11% 9% 12% 16% 14% -63% 59% 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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