Sharika Enterprises Ltd

₹ 19.0 -5.00%

28 Feb - close price

About

Incorporated in 1998, Sharika Enterprises Ltd is in the business of Management Consultancy & Project Execution Services in Power sector^[1]

Key Points

Business Overview:^[1]
Company is involved in Engineering Procurement Construction (EPC) contracts, specialized assembly, trading activities, Erection
Services, representation services to power Generation, Transmission and Distribution sector. It installs power transmission EHV cables, designing & installing EMS (Energy Management System) and allied distribution automation Equipment viz Auto-reclosers, fault passage indicators (FPI) etc., designing and installs Solar Power Generation plants. Company also does trading of LED lights, EHV cables & accessories, power capacitors, switchgears & Cast Resin Transformers

Website BSE

Market Cap ₹ 82.3 Cr.
Current Price ₹ 19.0
High / Low ₹ 32.5 / 8.39
Stock P/E 35.6
Book Value ₹ 4.55
Dividend Yield 0.00 %
ROCE 2.17 %
ROE -0.73 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter
Debtor days have improved from 193 to 99.5 days.
Company's working capital requirements have reduced from 190 days to 119 days

Cons

Stock is trading at 4.18 times its book value
Company has a low return on equity of -5.21% over last 3 years.
Company might be capitalizing the interest cost

* 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: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	9.34	17.56	6.48	4.63	17.86	21.39	13.05	11.57	24.45	29.36	17.98	24.46	21.90
	8.17	15.29	8.24	6.55	17.73	19.42	16.55	14.17	25.89	20.62	19.99	26.91	21.16
Operating Profit	1.17	2.27	-1.76	-1.92	0.13	1.97	-3.50	-2.60	-1.44	8.74	-2.01	-2.45	0.74
OPM %	12.53%	12.93%	-27.16%	-41.47%	0.73%	9.21%	-26.82%	-22.47%	-5.89%	29.77%	-11.18%	-10.02%	3.38%
	0.31	-0.05	0.07	0.09	0.02	0.19	1.84	0.04	0.01	0.03	0.03	0.05	0.04
Interest	0.42	0.55	0.39	0.51	0.37	0.42	0.27	0.34	0.33	0.40	0.34	0.37	0.51
Depreciation	0.11	0.08	0.06	0.06	0.06	0.15	0.08	0.19	0.20	0.27	0.15	0.16	0.18
Profit before tax	0.95	1.59	-2.14	-2.40	-0.28	1.59	-2.01	-3.09	-1.96	8.10	-2.47	-2.93	0.09
Tax %	0.00%	-8.18%	-1.87%	0.42%	-35.71%	13.21%	20.40%	-39.16%	-4.59%	4.94%	0.00%	6.48%	-55.56%
	0.95	1.72	-2.10	-2.41	-0.18	1.38	-2.41	-1.89	-1.88	7.71	-2.48	-3.11	0.14
EPS in Rs	0.22	0.40	-0.48	-0.56	-0.04	0.32	-0.56	-0.44	-0.43	1.78	-0.57	-0.71	0.06
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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
	7.36	10.76	17.69	18.38	23.13	19.94	24.04	27.96	49.92	39.20	50.37	78.42	93.70
	5.99	9.03	17.30	15.73	18.34	16.14	21.46	25.31	47.55	37.59	51.80	77.05	88.68
Operating Profit	1.37	1.73	0.39	2.65	4.79	3.80	2.58	2.65	2.37	1.61	-1.43	1.37	5.02
OPM %	18.61%	16.08%	2.20%	14.42%	20.71%	19.06%	10.73%	9.48%	4.75%	4.11%	-2.84%	1.75%	5.36%
	0.14	0.05	0.28	0.51	0.39	0.90	0.48	0.65	1.23	0.46	0.33	1.71	0.15
Interest	0.25	0.26	0.59	0.88	1.09	1.75	1.54	2.12	1.65	1.81	1.80	1.49	1.62
Depreciation	0.85	0.86	0.79	0.81	0.73	0.92	0.75	0.73	0.55	0.41	0.33	0.75	0.76
Profit before tax	0.41	0.66	-0.71	1.47	3.36	2.03	0.77	0.45	1.40	-0.15	-3.23	0.84	2.79
Tax %	102.44%	140.91%	-32.39%	33.33%	22.32%	32.02%	37.66%	68.89%	102.86%	120.00%	3.41%	-58.33%
	-0.01	-0.27	-0.48	0.98	2.61	1.38	0.48	0.14	-0.04	-0.33	-3.35	1.34	2.26
EPS in Rs	-0.25	-6.75	-12.00	24.50	65.25	0.32	0.11	0.03	-0.01	-0.08	-0.77	0.31	0.56
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	22%
5 Years:	27%
3 Years:	16%
TTM:	33%

Compounded Profit Growth
10 Years:	3%
5 Years:	%
3 Years:	%
TTM:	148%

Stock Price CAGR
10 Years:	%
5 Years:	26%
3 Years:	-4%
1 Year:	63%

Return on Equity
10 Years:	1%
5 Years:	-3%
3 Years:	-5%
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	0.10	0.10	0.10	0.10	0.10	10.83	10.83	10.83	10.83	21.65	21.65	21.65	21.65
Reserves	7.96	7.69	7.01	7.99	10.20	13.15	13.63	13.66	14.59	4.51	2.06	0.91	-1.96
	2.25	2.17	4.64	6.19	10.70	10.84	10.65	16.63	12.32	14.43	12.90	9.28	36.04
	5.62	6.24	10.00	7.43	10.29	14.44	19.98	28.99	27.45	21.17	23.22	23.83	9.52
Total Liabilities	15.93	16.20	21.75	21.71	31.29	49.26	55.09	70.11	65.19	61.76	59.83	55.67	65.25
	8.31	7.72	7.05	6.73	7.08	6.47	5.74	6.01	4.76	4.35	4.24	4.48	4.59
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.05	0.00	0.00
Investments	0.14	0.05	0.00	0.00	0.00	0.00	0.00	5.72	-0.12	-0.92	0.00	0.00	0.00
	7.48	8.43	14.70	14.98	24.21	42.79	49.35	58.38	60.55	58.33	52.54	51.19	60.66
Total Assets	15.93	16.20	21.75	21.71	31.29	49.26	55.09	70.11	65.19	61.76	59.83	55.67	65.25

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2.02	-0.48	-1.37	-3.20	-4.42	3.73	-3.25	6.91	0.57
	-0.24	-0.41	-0.99	0.84	0.33	-0.46	0.89	-3.14	4.25
	2.04	1.07	3.58	9.22	3.51	-3.96	2.11	-3.60	-4.84
Net Cash Flow	-0.22	0.18	1.22	6.85	-0.59	-0.69	-0.25	0.17	-0.02

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	93.73	61.06	192.30	155.10	179.58	283.18	328.86	366.70	193.47	269.28	208.77	99.51
Inventory Days
Days Payable
Cash Conversion Cycle	93.73	61.06	192.30	155.10	179.58	283.18	328.86	366.70	193.47	269.28	208.77	99.51
Working Capital Days	58.52	30.53	69.74	118.95	124.82	209.77	294.70	356.91	147.84	264.53	185.94	119.39
ROCE %		9.08%	-1.11%	18.06%	25.11%	13.54%	6.61%	6.72%	7.35%	4.24%	-3.70%	2.17%

Shareholding Pattern

Numbers in percentages

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%
	44.84%	44.84%	44.83%	44.84%	44.85%	44.84%	44.84%	44.84%	44.83%	44.84%	44.83%	44.83%
No. of Shareholders	13,573	13,274	12,913	12,515	12,064	12,517	11,949	11,962	11,533	11,267	13,168	12,980

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%	55.16%
	44.84%	44.84%	44.84%	44.84%	44.84%	44.85%	44.83%	44.83%
No. of Shareholders	245	230	188	164	13,573	12,064	11,533	12,980

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Rating update
8 Mar 2024 from care