Shetron Ltd

Shetron Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shetron Ltd

₹ 147 -0.41%
22 Nov - close price
shetrongroup.com BSE: 526137
About

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.

Key Points

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]

Website BSE
  • Market Cap ₹ 132 Cr.
  • Current Price ₹ 147
  • High / Low ₹ 171 / 90.7
  • Stock P/E 74.3
  • Book Value ₹ 46.0
  • Dividend Yield 0.68 %
  • ROCE 12.4 %
  • ROE 4.39 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.20 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.40% over past five years.
  • Company has a low return on equity of 4.69% 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.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
31.80 42.00 40.03 32.81 33.90 50.96 41.14 40.65 35.50 51.17 44.54 34.72 34.32
25.71 35.62 33.65 27.11 28.43 44.71 34.38 34.98 31.64 45.46 39.05 30.98 30.08
Operating Profit 6.09 6.38 6.38 5.70 5.47 6.25 6.76 5.67 3.86 5.71 5.49 3.74 4.24
OPM % 19.15% 15.19% 15.94% 17.37% 16.14% 12.26% 16.43% 13.95% 10.87% 11.16% 12.33% 10.77% 12.35%
0.17 0.13 0.14 0.04 0.33 0.10 0.09 0.19 0.27 0.18 0.77 0.37 0.55
Interest 3.82 3.69 3.63 3.36 3.10 3.26 3.06 2.90 2.62 2.99 2.85 2.69 2.91
Depreciation 2.04 2.04 2.08 2.08 2.10 2.07 2.04 2.29 1.64 1.67 1.69 1.34 2.01
Profit before tax 0.40 0.78 0.81 0.30 0.60 1.02 1.75 0.67 -0.13 1.23 1.72 0.08 -0.13
Tax % 15.00% 34.62% 37.04% 6.67% 31.67% 31.37% 24.57% 14.93% 92.31% 24.39% 31.40% 187.50% 92.31%
0.34 0.51 0.51 0.28 0.41 0.70 1.32 0.57 -0.25 0.93 1.18 -0.07 -0.25
EPS in Rs 0.42 0.57 0.57 0.31 0.46 0.78 1.47 0.63 -0.28 1.03 1.31 -0.08 -0.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
109 118 123 125 133 161 158 148 168 165
90 98 109 106 110 134 131 124 146 146
Operating Profit 19 20 14 19 23 27 27 24 22 19
OPM % 18% 17% 11% 15% 18% 17% 17% 16% 13% 12%
1 1 2 2 1 0 1 1 1 2
Interest 12 13 15 17 17 17 17 14 12 11
Depreciation 6 7 8 9 9 8 8 8 8 7
Profit before tax 2 0 -7 -5 -1 2 3 2 3 3
Tax % 31% 26% -41% -29% -44% 24% 27% 31% 32% 38%
1 0 -4 -4 -1 1 2 2 2 2
EPS in Rs 1.16 0.39 -4.65 -4.07 -0.92 1.10 2.18 1.90 2.33 1.99
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 1%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: -3%
TTM: -16%
Stock Price CAGR
10 Years: 22%
5 Years: 45%
3 Years: 65%
1 Year: 34%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 5%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 9 9 9 9 9 9 9 9 9 9
Reserves 39 39 35 31 30 31 33 29 31 32
78 85 110 108 107 109 97 87 74 76
30 43 34 28 33 38 34 41 47 39
Total Liabilities 156 176 188 176 180 186 174 165 160 156
68 77 88 84 79 73 67 58 54 52
CWIP 7 2 3 1 4 2 3 4 3 0
Investments 1 0 0 0 0 0 0 0 0 0
80 97 96 92 97 111 104 103 103 104
Total Assets 156 176 188 176 180 186 174 165 160 156

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-5 8 8 -7 9 10 17 16 12 -13
-7 -17 -21 -2 -3 -1 -3 -3 1 -1
12 13 13 9 -4 -11 -11 -11 -19 14
Net Cash Flow -0 4 -0 0 1 -2 3 2 -6 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 92 75 57 63 56 67 53 71 74 60
Inventory Days 135 153 162 115 124 111 113 134 127 151
Days Payable 69 100 107 89 100 90 85 117 115 95
Cash Conversion Cycle 158 127 112 89 80 88 82 89 85 116
Working Capital Days 183 110 91 117 108 105 82 103 80 135
ROCE % 11% 6% 8% 11% 13% 13% 12% 13% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.39% 64.46% 64.48% 64.17% 64.17% 64.17% 64.17% 64.18% 64.18% 64.18% 64.18% 64.18%
35.60% 35.54% 35.52% 35.84% 35.84% 35.83% 35.84% 35.82% 35.83% 35.82% 35.82% 35.83%
No. of Shareholders 4,2904,2994,2604,4414,4014,3554,3074,8555,0865,4755,4965,477

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