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 ₹ 1,879 Cr.
- Current Price ₹ 110
- High / Low ₹ 141 / 63.0
- Stock P/E 24.9
- Book Value ₹ 75.0
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 6.09 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.5% CAGR over last 5 years
- Debtor days have improved from 55.2 to 32.4 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 27.9%
- Tax rate seems low
- Company has a low return on equity of 4.43% over last 3 years.
- Earnings include an other income of Rs.123 Cr.
- Company's cost of borrowing seems high
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
368 | 650 | 572 | 432 | 433 | 674 | 865 | |
367 | 652 | 582 | 415 | 358 | 631 | 784 | |
Operating Profit | 1 | -2 | -10 | 17 | 74 | 43 | 80 |
OPM % | 0% | -0% | -2% | 4% | 17% | 6% | 9% |
408 | 203 | 63 | 73 | 87 | 142 | 123 | |
Interest | 94 | 113 | 128 | 129 | 122 | 106 | 118 |
Depreciation | 2 | 5 | 6 | 7 | 7 | 8 | 9 |
Profit before tax | 312 | 83 | -82 | -45 | 33 | 72 | 76 |
Tax % | -10% | 41% | -6% | -51% | 45% | 5% | 1% |
343 | 49 | -86 | -68 | 18 | 68 | 75 | |
EPS in Rs | 23.15 | 3.39 | -5.80 | -4.60 | 0.58 | 3.88 | 4.43 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 26% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 30% |
3 Years: | 45% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 73% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 4% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 148 | 148 | 148 | 148 | 170 | 170 | 170 |
Reserves | 790 | 832 | 756 | 690 | 963 | 1,030 | 1,107 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | |
807 | 846 | 739 | 727 | 545 | 644 | 650 | |
1,540 | 1,528 | 1,759 | 1,719 | 1,950 | 1,791 | 1,843 | |
Total Liabilities | 3,285 | 3,353 | 3,403 | 3,284 | 3,628 | 3,634 | 3,771 |
30 | 60 | 81 | 76 | 82 | 81 | 86 | |
CWIP | 0 | 8 | 0 | 0 | 0 | 0 | 0 |
Investments | 346 | 296 | 99 | 36 | 39 | 121 | 117 |
2,909 | 2,989 | 3,223 | 3,172 | 3,507 | 3,432 | 3,568 | |
Total Assets | 3,285 | 3,353 | 3,403 | 3,284 | 3,628 | 3,634 | 3,771 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
-297 | -179 | 129 | 146 | 124 | 5 | 223 | |
203 | 172 | 100 | 9 | 30 | -30 | -28 | |
122 | -7 | -227 | -119 | -100 | -9 | -160 | |
Net Cash Flow | 28 | -14 | 2 | 36 | 54 | -33 | 35 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 156 | 121 | 105 | 112 | 91 | 43 | 32 |
Inventory Days | 7,272 | 7,584 | 10,012 | 4,839 | 4,012 | ||
Days Payable | 520 | 511 | 716 | 303 | 251 | ||
Cash Conversion Cycle | 156 | 6,873 | 7,178 | 9,409 | 91 | 4,579 | 3,793 |
Working Capital Days | 978 | 581 | 699 | 899 | 994 | 715 | 601 |
ROCE % | 4% | 2% | 5% | 10% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
5h - Response to your email query dated July 04, 2024 is enclosed.
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Clarification On Disclosure Of Changes In Senior Management Personnel
6h - Mr. Ram Shankar Venkataraman was the Chief Operating Officer of Bengal Shriram Hitech City Private Limited, a Subsidiary and he was not the Chief Operating …
- Announcement under Regulation 30 (LODR)-Change in Management 1d
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Jun - Newspaper publication of Postal Ballot Notice in English & Tamil have been enclosed.
Annual reports
Concalls
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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]