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Shervani Indl. Synd Overview

1. Business Overview

Shervani Industrial Syndicate Ltd. operates in the Construction - Real Estate sector in India. Based on its industry classification, the company is primarily involved in activities related to property development, construction, and possibly infrastructure projects. This typically includes acquiring land, planning and designing properties (residential, commercial, or mixed-use), constructing buildings, and then selling or leasing these developed properties to generate revenue. Its core business model likely revolves around project-based development and sales, and potentially rental income from owned properties.

2. Key Segments / Revenue Mix

Specific details regarding the company's key business segments or revenue mix are not publicly available from the provided information. However, typical segments for companies in the Construction - Real Estate industry in India often include residential development, commercial development (offices, retail), and sometimes land bank monetization or infrastructure construction. Shervani Industrial Syndicate's specific revenue contribution from these potential segments is not disclosed.

3. Industry & Positioning

The Indian real estate and construction industry is large, fragmented, and highly competitive, characterized by numerous regional and national players. It is also cyclical, influenced by macroeconomic factors like interest rates, government policies, and consumer sentiment. Without specific market share or project details, Shervani Industrial Syndicate Ltd. is likely positioned as a smaller to mid-sized player within this competitive landscape, possibly focusing on specific regions or niche segments within India. Its positioning relative to larger, more diversified national developers would typically be as a localized or specialized entity.

4. Competitive Advantage (Moat)

For a company of this nature, strong, broad-based competitive advantages (moats) like powerful brands, proprietary technology, or extensive network effects are uncommon. Any potential advantages for Shervani Industrial Syndicate Ltd. would likely be localized, such as a strong understanding of specific regional markets, an established reputation with local customers or authorities, a valuable land bank in desirable locations, or efficient project execution capabilities. However, these are often not considered durable, wide moats in the traditional sense and are subject to intense competition.

5. Growth Drivers

Key factors that could drive growth for Shervani Industrial Syndicate Ltd. over the next 3-5 years include:

Urbanization and Population Growth: Continued migration to urban centers drives demand for housing and commercial spaces.

Government Infrastructure Spending: Public investment in infrastructure often stimulates real estate development.

Affordability & Favorable Interest Rates: Improved affordability and lower home loan interest rates can boost property sales.

Economic Growth: A growing Indian economy generally translates to increased disposable income and investment in real estate.

Regulatory Reforms: Policy support, such as RERA implementation bringing transparency, can improve buyer confidence.

6. Risks

Key business risks for the company include:

Cyclicality of Real Estate: The industry is prone to boom-bust cycles, impacting demand and pricing.

Interest Rate Sensitivity: Higher interest rates can increase borrowing costs for the company and reduce affordability for buyers.

Regulatory and Environmental Risks: Changes in land acquisition laws, building codes, or environmental regulations can cause project delays or cost overruns.

Funding and Liquidity Risks: Access to capital and timely project financing are crucial; any tight liquidity environment can be challenging.

Project Execution Risks: Delays in obtaining approvals, construction delays, or cost overruns can impact profitability.

Intense Competition: The fragmented nature of the industry leads to significant competition, potentially impacting margins.

7. Management & Ownership

Specific details regarding the promoters, management quality, or ownership structure are not provided. However, many Indian companies, especially those not among the very largest, are promoter-driven, where the founding family or individuals hold a significant stake and play an active role in management. Without further information, it is not possible to assess management quality, experience, or corporate governance practices.

8. Outlook

Shervani Industrial Syndicate Ltd. operates in a sector with significant long-term growth potential in India, driven by demographic trends and economic expansion. The ongoing urbanization and demand for quality infrastructure and housing provide a favorable macro environment. However, the real estate industry is inherently cyclical, capital-intensive, and susceptible to various risks, including economic downturns, rising interest rates, and regulatory uncertainties. The company's future performance will depend heavily on its ability to effectively acquire land, execute projects efficiently, manage its debt, and navigate the competitive and regulatory landscape, particularly within its specific operational focus areas.

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Shervani Indl. Synd Key Financials

Market Cap ₹81 Cr.

Stock P/E 21.3

P/B 0.7

Current Price ₹316.1

Book Value ₹ 426

Face Value 10

52W High ₹569.9

Dividend Yield 0.95%

52W Low ₹ 297.4

Shervani Indl. Synd Share Price

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Volume
Price

Shervani Indl. Synd Quarterly Price

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Shervani Indl. Synd Peer Comparison

Shervani Indl. Synd Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 30 13 26 11 20 12 6 9 3 7
Other Income 0 3 1 0 1 0 4 1 1 1
Total Income 31 16 26 11 20 12 10 10 4 8
Total Expenditure 23 11 26 10 18 11 7 9 4 6
Operating Profit 8 5 1 0 3 1 3 1 0 2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 7 5 0 -0 2 1 3 0 -0 1
Provision for Tax 0 0 3 0 0 0 0 0 -0 1
Profit After Tax 7 5 -3 -0 2 1 2 0 -0 0
Adjustments -0 0 -0 0 -1 -0 -0 0 0 0
Profit After Adjustments 7 5 -3 0 1 1 2 0 -0 0
Adjusted Earnings Per Share 26.4 18.5 -10.2 0.6 4.5 2 7.8 1.3 -1 0.1

Shervani Indl. Synd Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 4 32 46 91 79 92 32 9 27 143 48 25
Other Income 2 1 2 2 3 1 2 1 1 4 5 7
Total Income 6 33 48 93 82 94 34 10 28 147 53 32
Total Expenditure 6 31 35 58 36 67 27 12 23 113 46 26
Operating Profit 0 2 13 35 46 26 7 -2 5 34 7 6
Interest 0 1 0 0 0 0 0 0 0 0 0 0
Depreciation 1 0 0 0 1 1 1 1 1 1 2 0
Exceptional Income / Expenses 0 1 4 0 -3 0 -1 0 0 0 0 0
Profit Before Tax -1 2 16 34 42 25 5 -3 24 34 5 4
Provision for Tax 0 0 -0 9 8 5 -2 -0 1 3 1 1
Profit After Tax -1 1 16 25 34 20 7 -3 24 31 4 2
Adjustments -1 0 0 0 0 -0 0 0 0 0 0 0
Profit After Adjustments -2 2 16 25 34 20 7 -3 24 31 4 2
Adjusted Earnings Per Share -5.1 5.4 48.7 80.8 109.3 73.8 24.7 -10.3 87.5 119.9 14.9 8.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -66% 75% -12% 28%
Operating Profit CAGR -79% 0% -23% 0%
PAT CAGR -87% 0% -28% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -23% -8% 7% 9%
ROE Average 3% 21% 14% 21%
ROCE Average 3% 20% 13% 23%

Shervani Indl. Synd Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 188 190 197 174 153 133 133 129 145 153 150
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 1 1 1 2 2 1 19 50
Other Non-Current Liabilities 0 0 -1 -0 0 1 1 1 1 -2 -2
Total Current Liabilities 20 15 13 56 77 35 50 88 117 62 57
Total Liabilities 209 205 209 230 231 170 185 220 264 232 256
Fixed Assets 14 13 12 14 16 16 18 18 17 21 19
Other Non-Current Assets 4 4 7 7 6 6 4 6 27 31 53
Total Current Assets 191 188 190 209 209 148 163 196 220 179 183
Total Assets 209 205 209 230 231 170 185 220 264 232 256

Shervani Indl. Synd Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 13 18 5 9 10 12 2 4 5 1 4
Cash Flow from Operating Activities -2 2 16 26 25 -13 5 1 7 -9 14
Cash Flow from Investing Activities 3 1 -5 -26 7 26 -2 -5 -0 -10 -26
Cash Flow from Financing Activities 4 -3 -7 1 -31 -22 -2 6 -11 22 10
Net Cash Inflow / Outflow 5 0 4 1 2 -9 1 2 -4 3 -2
Closing Cash & Cash Equivalent 18 18 9 10 12 2 4 5 1 4 3

Shervani Indl. Synd Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -5.08 5.35 48.66 80.85 109.3 73.78 24.67 -10.27 87.5 119.89 14.87
CEPS(Rs) -1.27 5.62 49.46 82.39 110.58 76.4 27.42 -6.98 90.94 123.71 20.74
DPS(Rs) 0 0 0 85 0 2.5 2.5 2 2.5 20 3
Book NAV/Share(Rs) 111.37 118.73 156.66 197.27 208.42 234.64 260.43 250.51 336.18 434.58 429.42
Core EBITDA Margin(%) -48.75 1.56 23.62 36.38 54.78 26.97 15.61 -30.97 13.64 20.95 4.96
EBIT Margin(%) -12.18 6.45 34.28 37.83 54.07 27.64 15.59 -30.36 92.18 23.75 10.75
Pre Tax Margin(%) -25.23 4.85 33.85 37.73 53.82 27.3 14.34 -33.37 91.46 23.64 10
PAT Margin (%) -25.55 4.43 34.07 27.63 43.06 21.58 20.89 -31.29 88.47 21.62 7.9
Cash Profit Margin (%) -10.98 5.78 34.99 28.16 43.88 22.35 23.22 -21.29 91.96 22.31 11.03
ROA(%) -0.47 0.68 7.57 11.46 14.66 9.93 3.75 -1.37 9.77 12.44 1.57
ROE(%) -2.59 3.75 34.97 44.77 53.5 31.06 9.97 -4.02 29.83 30.45 3.44
ROCE(%) -1.01 4.37 32 57.28 60.45 36.07 6.87 -3.48 28.67 28.75 3.41
Receivable days 25.48 69 141.18 48.6 7.65 6.94 14.46 80.4 34.01 6.17 11.59
Inventory Days 0 1819.61 1131 563.54 696.33 558.74 1558.74 6393.12 2487.37 433.46 1087.2
Payable days 0 33.59 4 3.65 19.07 10.81 23.59 164.22 36.13 9.99 23.93
PER(x) 0 26.36 3 6.71 5.55 2.89 9.15 0 4.06 4.38 23.36
Price/Book(x) 0.84 1.19 0.93 2.75 2.91 0.91 0.87 0.89 1.06 1.21 0.81
Dividend Yield(%) 0 0 0 15.66 0 1.17 1.11 0.9 0.7 3.81 0.86
EV/Net Sales(x) 6.06 1.12 0.6 1.43 1.99 0.54 1.57 6.1 3.06 1.06 2.3
EV/Core EBITDA(x) 253.04 21.1 2.17 3.74 3.37 1.91 7.33 -32.27 16.24 4.44 15.51
Net Sales Growth(%) -2.05 740.68 45.28 97.82 -13.86 17.58 -65.46 -72.22 201.46 434.2 -66.09
EBIT Growth(%) -38.06 545.24 671.86 118.3 23.5 -39.9 -80.51 -154.1 1015.38 37.62 -84.65
PAT Growth(%) -99.74 245.79 1016.95 60.46 34.8 -41.07 -66.56 -141.62 952.26 30.53 -87.6
EPS Growth(%) -243.3 205.32 809.03 66.13 35.19 -32.5 -66.56 -141.62 952.25 37.02 -87.6
Debt/Equity(x) 0.29 0.2 0.02 0.11 0.11 0.09 0.07 0.17 0.02 0.28 0.46
Current Ratio(x) 9.5 12.41 14.63 3.75 2.73 4.26 3.27 2.23 1.88 2.9 3.22
Quick Ratio(x) 1.3 2.39 4.3 1.1 0.75 0.51 0.43 0.31 0.21 0.58 0.68
Interest Cover(x) -0.93 4.03 79.45 379.4 215.09 81.16 12.45 -10.07 128.12 224.87 14.34
Total Debt/Mcap(x) 0.35 0.17 0.02 0.04 0.04 0.1 0.08 0.19 0.02 0.23 0.57

Shervani Indl. Synd Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 62.1 60.22 62.07 62.07 62.07 62.07 62.07 62.07 62.07 62.07
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0.01 0.01
Public 37.9 39.78 37.93 37.93 37.93 37.93 37.93 37.93 37.92 37.92
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shervani Indl. Synd News

Shervani Indl. Synd Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 9.99 to 23.93days.
  • The company has delivered a poor profit growth of -27% over past five years.
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