Shriram Properties Ltd
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]
- Market Cap ₹ 2,333 Cr.
- Current Price ₹ 137
- High / Low ₹ 142 / 80.5
- Stock P/E 34.0
- Book Value ₹ 96.5
- Dividend Yield 0.00 %
- ROCE 7.63 %
- ROE 6.04 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.2% 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 2.36% over last 3 years.
- Earnings include an other income of Rs.157 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 109 | |
361 | 199 | 526 | 480 | 306 | 193 | 338 | 195 | 147 | 155 | |
Operating Profit | -8 | -25 | -313 | -28 | -43 | -68 | -131 | -60 | -15 | -46 |
OPM % | -2% | -15% | -147% | -6% | -16% | -55% | -63% | -45% | -11% | -42% |
55 | 236 | 543 | 99 | 111 | 121 | 118 | 156 | 163 | 157 | |
Interest | 223 | 146 | 37 | 44 | 46 | 46 | 36 | 40 | 34 | 33 |
Depreciation | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 4 |
Profit before tax | -178 | 62 | 191 | 25 | 20 | 4 | -52 | 53 | 111 | 74 |
Tax % | -0% | 4% | 13% | 0% | 50% | -287% | -24% | 4% | 13% | |
-178 | 59 | 167 | 25 | 10 | 15 | -40 | 50 | 96 | 69 | |
EPS in Rs | -11.99 | 4.01 | 11.24 | 1.70 | 0.66 | 1.01 | -2.36 | 2.96 | 5.66 | 4.03 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -22% |
3 Years: | 2% |
TTM: | -21% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 98% |
TTM: | 48% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 52% |
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 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 148 | 148 | 148 | 148 | 148 | 148 | 170 | 170 | 170 |
Reserves | -635 | 916 | 1,088 | 1,117 | 1,127 | 1,144 | 1,325 | 1,376 | 1,473 |
240 | 235 | 339 | 385 | 301 | 261 | 241 | 337 | 276 | |
1,907 | 359 | 808 | 502 | 441 | 399 | 294 | 229 | 225 | |
Total Liabilities | 1,659 | 1,658 | 2,383 | 2,152 | 2,018 | 1,951 | 2,030 | 2,112 | 2,145 |
3 | 3 | 3 | 31 | 56 | 54 | 53 | 54 | 55 | |
CWIP | 0 | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 |
Investments | 835 | 803 | 836 | 645 | 562 | 536 | 559 | 636 | 991 |
821 | 852 | 1,544 | 1,468 | 1,400 | 1,361 | 1,418 | 1,423 | 1,099 | |
Total Assets | 1,659 | 1,658 | 2,383 | 2,152 | 2,018 | 1,951 | 2,030 | 2,112 | 2,145 |
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 | 93 | |
-23 | -39 | 81 | -10 | -133 | -88 | 176 | 54 | -100 | |
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 | 1,866 | 2,299 |
ROCE % | 40% | 1% | 5% | 4% | 3% | -1% | 5% | 8% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Press release on Shriram Properties gives an Early Exit to ASK Property Fund in 'Shriram Pristine Estates'
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Aug - Press release on Shriram Properties Embarks on a Transformation with New Brand Identity.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
20 Aug - Of conference call with Investors/ Analyst, we enclose the transcript of the conference call held on August 14, 2024.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Aug - Dear sir Please find attached newpaper publication of results
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 14 Aug
Annual reports
Concalls
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Dec 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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]