Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹624 Cr.
Stock P/E
62.7
P/B
3.9
Current Price
₹159.1
Book Value
₹ 41
Face Value
10
52W High
₹179
52W Low
₹ 119
Dividend Yield
0%

Sharat Industries Overview

Business

Sharat Industries Ltd. (SHINDL) is an Indian company primarily engaged in the aquaculture sector. Its core business revolves around the farming, processing, and sale of aquaculture products, predominantly shrimp. The company integrates various stages of the aquaculture value chain, aiming to deliver quality seafood products. It generates revenue by supplying these products to both domestic and international markets.

Revenue Mix

The company operates predominantly within the aquaculture industry. Specific segment breakdowns or detailed revenue mix contributions are not publicly available from the provided information. Its revenue is primarily derived from its aquaculture operations, likely encompassing shrimp farming and related processing and sales activities.

Industry

Sharat Industries operates within India's aquaculture industry, which is a significant global player, particularly in shrimp production and export. The industry is characterized by a mix of organized large-scale players and numerous smaller farms. India benefits from a long coastline and suitable climatic conditions for aquaculture. Sharat Industries positions itself as a participant in this competitive market, aiming to leverage domestic resources and meet growing demand for seafood. The industry is sensitive to environmental factors, disease outbreaks, and international trade dynamics.

MOAT

Based on the available information, a clear, strong competitive moat for Sharat Industries is not immediately evident. Potential advantages in the aquaculture sector can stem from efficient farming practices, robust disease management protocols, scale of operations, vertical integration (from hatcheries to processing), strategic farm locations, strong relationships with export customers, or certifications for quality and sustainability. However, without further details on the company's specific operations or market share, it's difficult to ascertain specific durable advantages that provide a sustainable competitive edge.

Growth Drivers

Increasing Global Seafood Demand: Rising disposable incomes and a shift towards healthier diets globally drive demand for seafood, especially shrimp.

Government Support: Indian government initiatives and subsidies aimed at boosting aquaculture production and exports can benefit the company.

Technological Advancements: Adoption of improved farming techniques, disease-resistant species, and sustainable practices can enhance yields and reduce risks.

Export Opportunities: India's position as a major shrimp exporter provides significant opportunities for companies with robust export capabilities.

Domestic Consumption: Growth in India's own middle class and urbanization can lead to increased domestic demand for seafood.

Risks

Disease Outbreaks: Aquaculture farms are highly susceptible to diseases (e.g., White Spot Syndrome Virus in shrimp), which can decimate production and lead to significant financial losses.

Climate Change & Environmental Factors: Changes in water temperature, salinity, and extreme weather events can negatively impact farming operations.

Regulatory Changes: Stricter environmental regulations, trade policies, or food safety standards in key export markets can impact business.

Input Costs Volatility: Fluctuations in the cost of feed, labor, and energy can affect profitability.

Currency Fluctuations: As an exporter, the company is exposed to currency risks which can impact realized revenues.

Competition: Intense competition from domestic and international players can put pressure on pricing and market share.

Management & Ownership

Information regarding the specific promoters, detailed management quality assessment, or comprehensive ownership structure (beyond public listing) for Sharat Industries Ltd. is not provided in the input. As a publicly traded company (SHINDL on the Indian exchanges), it would typically have a board of directors and a management team responsible for its operations.

Outlook

Sharat Industries operates in a sector with promising long-term growth driven by global demand for seafood. India's strong position in aquaculture, particularly shrimp, provides a favorable backdrop. The company could benefit from increasing exports, adoption of sustainable farming practices, and market diversification. However, the business is inherently exposed to significant risks including disease outbreaks, adverse weather conditions, and volatile input costs, which can lead to considerable swings in profitability. Intense competition and evolving trade regulations also pose ongoing challenges. Its ability to mitigate these risks through effective management, technological adoption, and market strategy will be crucial for sustained performance.

Sharat Industries Share Price

Live · BSE / NSE · Inception: 1990
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Sharat Industries Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 65 90 100 96 94 115 150 143 117 120
Other Income -0 0 0 0 1 0 0 2 1 -0
Total Income 65 90 101 97 95 115 150 144 118 120
Total Expenditure 61 82 91 89 90 104 138 133 114 107
Operating Profit 3 8 9 8 5 11 12 11 4 13
Interest 2 2 3 3 3 3 3 3 3 3
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 4 5 4 1 7 8 7 0 9
Provision for Tax -0 1 2 1 0 2 2 2 0 3
Profit After Tax 0 3 4 3 1 5 6 5 0 6
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 3 4 3 1 5 6 5 0 6
Adjusted Earnings Per Share 0.1 1 1.6 1.1 0.1 1.4 1.5 1.2 0 1.6

Sharat Industries Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 247 333 302 381 530
Other Income 1 3 1 2 3
Total Income 248 336 303 382 532
Total Expenditure 233 314 281 352 492
Operating Profit 15 22 22 30 40
Interest 6 9 10 11 12
Depreciation 4 4 5 5 4
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 5 9 8 14 24
Provision for Tax 1 3 2 4 7
Profit After Tax 3 6 6 10 17
Adjustments -0 -0 0 -0 0
Profit After Adjustments 3 6 6 10 17
Adjusted Earnings Per Share 1.1 2.1 1.9 2.6 4.3

Sharat Industries Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 70 79 84 137
Minority's Interest 0 0 0 0
Borrowings 12 11 7 6
Other Non-Current Liabilities 7 8 8 7
Total Current Liabilities 96 101 105 129
Total Liabilities 186 198 204 279
Fixed Assets 46 49 46 43
Other Non-Current Assets 10 8 9 9
Total Current Assets 130 140 149 227
Total Assets 186 198 204 279

Sharat Industries Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 5 9 1
Cash Flow from Operating Activities 2 17 -2 -26
Cash Flow from Investing Activities -8 -6 -2 -2
Cash Flow from Financing Activities 9 -7 -4 48
Net Cash Inflow / Outflow 3 4 -7 20
Closing Cash & Cash Equivalent 5 9 1 21

Sharat Industries Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.11 2.07 1.91 2.61
CEPS(Rs) 2.37 3.48 3.43 3.88
DPS(Rs) 0 0 0.19 0.25
Book NAV/Share(Rs) 22.82 25.51 27.22 35.95
Core EBITDA Margin(%) 5.54 5.67 7.09 7.49
EBIT Margin(%) 4.42 5.43 5.73 6.69
Pre Tax Margin(%) 1.81 2.7 2.53 3.68
PAT Margin (%) 1.39 1.94 1.94 2.61
Cash Profit Margin (%) 2.94 3.21 3.49 3.88
ROA(%) 1.86 3.38 2.92 4.12
ROE(%) 4.92 8.72 7.23 9.03
ROCE(%) 6.9 11.08 10 11.89
Receivable days 82.89 61.51 67.77 73.55
Inventory Days 80.48 60.12 73.35 67.94
Payable days 26.25 21.32 22.44 18.28
PER(x) 41.04 17.04 17.17 28.73
Price/Book(x) 2 1.38 1.2 2.09
Dividend Yield(%) 0 0 0.59 0.33
EV/Net Sales(x) 0.91 0.56 0.63 0.98
EV/Core EBITDA(x) 15.08 8.3 8.67 12.29
Net Sales Growth(%) 0 34.61 -9.14 25.94
EBIT Growth(%) 0 64.81 -4.19 46.8
PAT Growth(%) 0 87.78 -9.58 69.58
EPS Growth(%) 0 86.3 -7.87 37.01
Debt/Equity(x) 1.27 1.14 1.14 0.83
Current Ratio(x) 1.35 1.39 1.42 1.76
Quick Ratio(x) 0.78 0.84 0.79 1.17
Interest Cover(x) 1.69 1.99 1.79 2.22
Total Debt/Mcap(x) 0.63 0.82 0.95 0.38

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +26% +16% — —
Operating Profit CAGR +36% +26% — —
PAT CAGR +67% +49% — —
Share Price CAGR +29% +66% +37% —
ROE Average +9% +8% +7% +7%
ROCE Average +12% +11% +10% +10%

Sharat Industries Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 45.01 %
FII 0.07 %
DII (MF + Insurance) 0.59 %
Public (retail) 54.33 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 38.9538.9543.5843.5843.5843.9543.9544.3745.0145.01
FII 000.230.20.20.20.18000.07
DII 0.360.360.220.220.220.220.220.220.590.59
Public 60.6960.6955.97565655.6255.6455.4154.454.33
Others 0000000000
Total 100100100100100100100100100100

Sharat Industries Peer Comparison

Aquaculture Edit Columns

Sharat Industries Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Sharat Industries Pros & Cons

Pros

  • Debtor days have improved from 22.44 to 18.28days.
  • Company has reduced debt.

Cons

  • Promoter holding is low: 45.01%.
  • Company has a low return on equity of 8% over the last 3 years.
  • Stock is trading at 3.9 times its book value.
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