Shrem InvIT
InvIT was set-up for the purposes of carrying on the activity of an infrastructure investment trust and for making investments in the infrastructure projects SPVs or securities of Indian companies engaged in the infrastructure sector. Shrem Infra Structure Private Limited, is a part of the Shrem group.
- Market Cap ₹ 6,964 Cr.
- Current Price ₹ 114
- High / Low ₹ 118 / 104
- Stock P/E 17.0
- Book Value ₹ 87.0
- Dividend Yield %
- ROCE 9.46 %
- ROE 11.0 %
- Face Value ₹
Pros
- Company's working capital requirements have reduced from 207 days to 134 days
Cons
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 7.03% over last 3 years.
- Promoter holding has decreased over last 3 years: -11.5%
* 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: Infrastructure Investment Trusts Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 0 | 336 | 577 | 1,209 | 1,151 | |
| 3 | 33 | 350 | 165 | 229 | |
| Operating Profit | -3 | 303 | 227 | 1,044 | 921 |
| OPM % | 90% | 39% | 86% | 80% | |
| 0 | 59 | 60 | 78 | 114 | |
| Interest | 0 | 127 | 276 | 563 | 625 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -3 | 236 | 10 | 558 | 411 |
| Tax % | 0% | 0% | 0% | 0% | |
| -3 | 236 | 10 | 558 | 411 | |
| EPS in Rs | 6.03 | 0.21 | 9.72 | 6.87 | |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 448% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 3% |
| 1 Year: | -3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 7% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 0.00 | 3,767 | 5,063 | 5,072 |
| Reserves | -3 | 78 | -72 | -75 |
| 0 | 3,194 | 6,082 | 7,399 | |
| 3 | 0 | 17 | 3 | |
| Total Liabilities | 0 | 7,039 | 11,089 | 12,399 |
| 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 6,663 | 10,387 | 11,503 |
| 0 | 376 | 702 | 896 | |
| Total Assets | 0 | 7,039 | 11,089 | 12,399 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 0 | 312 | 534 | 1,071 | |
| 0 | -6,674 | -3,784 | -1,386 | |
| 0 | 6,514 | 3,356 | 243 | |
| Net Cash Flow | 0 | 153 | 105 | -72 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 54 | 4 | 4 | |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 54 | 4 | 4 | |
| Working Capital Days | 242 | 244 | 134 | |
| ROCE % | 10% | 3% | 9% |
Documents
Announcements
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Outcome of Board Meeting
29 July 2023 - Board approved debt raising from SBI/Union Bank and preferential unit issuance to Shrem Enterprises
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Updates
28 July 2023 - Summary of Shrem InvIT’s 2nd AGM proceedings, voting results and scrutinizer’s report
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Updates
28 July 2023 - Board meeting to approve term loan and preferential unit issuance
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Record Date
21 July 2023 - Q1 FY24 results approved and Rs3.20/unit distribution declared
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Outcome of Board Meeting
20 July 2023 - Approved Q1 unaudited results and declared Rs 3.20 per unit distribution
Annual reports
No data available.
Structure[1]
The sponsor, Shrem Infra Invest Private Limited has floated an infrastructure investment trust called Shrem InvIT.