Shetron Ltd
Incorporated in 1984, Shetron Limited manufactures dry cell battery jackets and metal cans mainly for food and general
packaging solutions. Shetron started out by manufacturing battery jackets, before gradually diversifying into manufacturing
metal cans.
- Market Cap ₹ 144 Cr.
- Current Price ₹ 160
- High / Low ₹ 171 / 90.7
- Stock P/E 26.1
- Book Value ₹ 65.6
- Dividend Yield 0.63 %
- ROCE 15.0 %
- ROE 12.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.4% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.82% over past five years.
- Company has a low return on equity of 12.3% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
122 | 132 | 161 | 158 | 148 | 168 | 165 | 162 | 171 | 226 | 245 | 240 | 224 | |
104 | 111 | 136 | 132 | 125 | 147 | 146 | 145 | 158 | 204 | 221 | 217 | 203 | |
Operating Profit | 18 | 22 | 25 | 25 | 23 | 21 | 19 | 17 | 12 | 22 | 23 | 23 | 21 |
OPM % | 15% | 16% | 16% | 16% | 16% | 12% | 11% | 10% | 7% | 10% | 9% | 10% | 9% |
2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 1 | |
Interest | 17 | 17 | 17 | 16 | 14 | 12 | 11 | 12 | 10 | 11 | 10 | 9 | 8 |
Depreciation | 8 | 8 | 8 | 8 | 8 | 7 | 6 | 6 | 5 | 6 | 5 | 6 | 6 |
Profit before tax | -5 | -2 | 1 | 2 | 3 | 3 | 3 | 1 | -2 | 7 | 9 | 9 | 8 |
Tax % | -31% | -34% | 34% | 33% | 30% | 33% | 34% | 22% | 11% | 24% | 30% | 29% | |
-3 | -1 | 1 | 2 | 2 | 2 | 2 | 1 | -2 | 5 | 6 | 7 | 6 | |
EPS in Rs | -3.87 | -1.11 | 0.82 | 1.67 | 2.07 | 2.02 | 2.44 | 0.98 | -2.20 | 5.69 | 6.66 | 7.25 | 6.11 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 12% |
TTM: | -10% |
Compounded Profit Growth | |
---|---|
10 Years: | 24% |
5 Years: | 24% |
3 Years: | 74% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 47% |
3 Years: | 68% |
1 Year: | 52% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 7% |
3 Years: | 12% |
Last Year: | 12% |
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 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 31 | 30 | 31 | 33 | 28 | 30 | 32 | 33 | 31 | 36 | 41 | 47 | 50 |
103 | 104 | 107 | 97 | 87 | 74 | 76 | 78 | 76 | 65 | 68 | 65 | 56 | |
27 | 32 | 36 | 34 | 41 | 46 | 39 | 31 | 32 | 43 | 32 | 36 | 41 | |
Total Liabilities | 171 | 176 | 183 | 172 | 165 | 159 | 155 | 150 | 147 | 153 | 150 | 157 | 157 |
76 | 72 | 67 | 60 | 52 | 49 | 47 | 47 | 43 | 41 | 46 | 47 | 45 | |
CWIP | 1 | 3 | 2 | 3 | 4 | 3 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
Investments | 1 | 1 | 1 | 4 | 4 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
92 | 99 | 113 | 105 | 105 | 103 | 104 | 103 | 104 | 112 | 104 | 110 | 112 | |
Total Assets | 171 | 176 | 183 | 172 | 165 | 159 | 155 | 150 | 147 | 153 | 150 | 157 | 157 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-7 | 7 | 9 | 17 | 16 | 11 | -13 | 2 | -0 | 7 | 11 | 12 | |
-1 | -3 | -1 | -4 | -4 | 1 | -1 | -1 | -2 | -3 | -11 | -7 | |
8 | -2 | -10 | -11 | -11 | -19 | 14 | -2 | 2 | -5 | 1 | -5 | |
Net Cash Flow | 0 | 1 | -2 | 3 | 2 | -6 | 0 | -0 | 0 | -1 | 0 | 0 |
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 | 81 | 75 | 82 | 66 | 80 | 78 | 65 | 65 | 58 | 46 | 41 | 46 |
Inventory Days | 113 | 121 | 108 | 110 | 132 | 126 | 150 | 140 | 142 | 124 | 98 | 114 |
Days Payable | 89 | 98 | 89 | 83 | 115 | 115 | 94 | 82 | 79 | 80 | 55 | 66 |
Cash Conversion Cycle | 106 | 98 | 101 | 93 | 97 | 90 | 120 | 122 | 121 | 91 | 84 | 94 |
Working Capital Days | 123 | 116 | 111 | 86 | 106 | 81 | 135 | 135 | 119 | 92 | 88 | 93 |
ROCE % | 8% | 10% | 12% | 13% | 12% | 12% | 13% | 11% | 7% | 16% | 16% | 15% |
Documents
Announcements
- Unaudited Financial Result For Second Quarter And Half Yearly Ended 30Th September 2024 29 Oct
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Board Meeting Outcome for Outcome Of Board Meeting For Unaudited Financial Statement For Second Quarter And Half Yearly Ended 30Th September 2024
29 Oct - Independent auditor's review of quarterly financial results.
-
Announcement under Regulation 30 (LODR)-Credit Rating
25 Oct - ICRA reaffirms credit ratings for Shetron Limited.
-
Board Meeting Intimation for Board Meeting Intimation For Second Quarter And Half Yearly Ended 30Th September, 2024
21 Oct - Board meeting on 29th October to approve Q2 results.
-
Clarification Of Price Movement
17 Oct - Clarification on recent price movement at BSE.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1] [2]
The company is a global supplier of Food cans and Ends, used for fruits, vegetables, soups, baby foods, poultry, carbonated soft drinks (CSD), alcoholic beverages, juices, and liquid dairy products. The benefits include reusability, recyclability, durability, and appearance. Its customer base consists of battery manufacturers, FMCGs companies, and packaged foods and fruit processors. Company has recently ventured into general metal packaging for chemicals and paints. In FY23, company started industrial packaging for non-agro non-seasonal products. Company upgraded printing & Coating lines to improve their quality.[3]