Shriram Properties Ltd

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

Shriram Properties Ltd

₹ 99.0 2.36%
22 Nov - close price
shriramproperties.com BSE: 543419 NSE: SHRIRAMPPS
About

Shriram Properties is a part of Shriram Group.
They are one of the leading residential real estate development companies in South India primarily focused on the mid-market and affordable housing categories.

They are also present in plotted development, mid-market premium, luxury housing as well as commercial & office space categories in our core markets.

They commenced operations in Bengaluru in the year 2000 and have since expanded their presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, they also have presence in Kolkata in East India, where they are developing a large mixed-use project. [1]

Key Points

Part of Shriram group
Shriram Properties is part of the Shriram Group, which is a prominent business group with four decades of operating history in India and a well-recognized brand in the retail financial services sector and several other industries. [1]

Website BSE NSE
  • Market Cap ₹ 1,686 Cr.
  • Current Price ₹ 99.0
  • High / Low ₹ 148 / 91.0
  • Stock P/E 29.4
  • Book Value ₹ 95.2
  • Dividend Yield 0.00 %
  • ROCE 7.76 %
  • ROE 6.19 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.04 times its book value
  • Company has delivered good profit growth of 24.8% CAGR over last 5 years
  • Debtor days have improved from 38.5 to 23.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -21.8% over past five years.
  • Promoter holding is low: 27.9%
  • Tax rate seems low
  • Company has a low return on equity of 2.41% over last 3 years.
  • Contingent liabilities of Rs.652 Cr.
  • Earnings include an other income of Rs.158 Cr.

* 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: Realty Industry: Construction

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
35.53 52.28 101.91 28.35 34.66 30.22 41.65 30.59 46.69 23.97 31.09 7.23 16.74
40.83 69.07 199.25 39.45 49.74 37.35 68.48 35.18 39.12 35.08 37.62 43.18 31.10
Operating Profit -5.30 -16.79 -97.34 -11.10 -15.08 -7.13 -26.83 -4.59 7.57 -11.11 -6.53 -35.95 -14.36
OPM % -14.92% -32.12% -95.52% -39.15% -43.51% -23.59% -64.42% -15.00% 16.21% -46.35% -21.00% -497.23% -85.78%
32.36 22.33 34.69 28.54 25.40 52.07 49.51 19.07 19.33 48.12 76.71 12.77 20.33
Interest 10.39 10.09 5.49 9.10 9.03 9.74 11.80 9.36 8.50 10.05 6.10 8.38 12.33
Depreciation 0.67 0.79 0.93 0.69 0.75 0.82 0.87 0.84 0.83 0.81 1.01 1.00 1.03
Profit before tax 16.00 -5.34 -69.07 7.65 0.54 34.38 10.01 4.28 17.57 26.15 63.07 -32.56 -7.39
Tax % -7.44% -40.07% -24.05% 3.79% -44.44% -0.41% 23.38% 19.63% 25.16% 12.20% 9.97% -25.64% -125.03%
17.18 -3.20 -52.46 7.36 0.78 34.52 7.67 3.44 13.15 22.96 56.78 -24.21 1.85
EPS in Rs 1.16 -0.19 -3.09 0.43 0.05 2.03 0.45 0.20 0.77 1.35 3.33 -1.42 0.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
353 173 213 452 263 125 207 135 132 79
361 199 526 480 306 193 338 195 144 147
Operating Profit -8 -25 -313 -28 -43 -68 -131 -60 -12 -68
OPM % -2% -15% -147% -6% -16% -55% -63% -45% -9% -86%
55 236 543 99 111 121 118 156 160 158
Interest 223 146 37 44 46 46 36 40 34 37
Depreciation 2 2 1 2 2 3 3 3 3 4
Profit before tax -178 62 191 25 20 4 -52 53 111 49
Tax % -0% 4% 13% 0% 50% -287% -24% 4% 13%
-178 59 167 25 10 15 -40 50 96 57
EPS in Rs -11.99 4.01 11.24 1.70 0.66 1.01 -2.36 2.96 5.66 3.37
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -22%
3 Years: 2%
TTM: -47%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 99%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -7%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 2%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 148 148 148 148 148 148 170 170 170 170
Reserves -635 916 1,088 1,117 1,127 1,144 1,325 1,376 1,473 1,452
240 235 339 385 301 261 241 339 281 354
1,907 359 808 502 441 399 294 228 225 247
Total Liabilities 1,659 1,658 2,383 2,152 2,018 1,951 2,030 2,112 2,150 2,223
3 3 3 31 56 54 53 54 55 53
CWIP 0 0 0 8 0 0 0 0 0 0
Investments 835 803 836 645 562 536 559 636 991 959
821 852 1,544 1,468 1,400 1,361 1,418 1,423 1,103 1,211
Total Assets 1,659 1,658 2,383 2,152 2,018 1,951 2,030 2,112 2,150 2,223

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4 -49 -57 -119 -50 -20 -114 -116 -13
-1 89 -1 109 193 95 16 11 80
-23 -39 81 -10 -133 -88 176 54 -87
Net Cash Flow -28 1 23 -21 9 -12 77 -51 -21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 20 51 98 38 32 116 49 43 23
Inventory Days 835 4,892 560 798 2,712 3,261
Days Payable 146 398 87 124 351 392
Cash Conversion Cycle 709 51 4,592 511 705 2,477 2,918 43 23
Working Capital Days -1,645 268 1,333 470 677 1,527 946 1,867 2,051
ROCE % 40% 1% 5% 4% 3% -1% 5% 8%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
27.98% 28.00% 28.00% 28.00% 28.00% 28.00% 27.99% 27.99% 27.99% 27.94% 27.94% 27.94%
6.86% 6.25% 5.02% 5.03% 4.69% 4.45% 4.51% 5.44% 6.67% 1.62% 1.07% 0.97%
10.71% 44.16% 43.32% 9.37% 9.44% 8.74% 6.43% 4.05% 3.60% 2.38% 3.23% 3.30%
54.46% 21.59% 23.65% 57.59% 57.87% 58.80% 61.05% 62.52% 61.72% 68.07% 67.77% 67.79%
No. of Shareholders 77,80976,65177,97570,76569,21967,57467,96673,71875,39579,44782,67884,840

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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