WEBSITE BSE:526117 NSE : SHERVANI IND 18 May, 12:50
Market Cap ₹162 Cr.
Stock P/E 3.3
P/B 1.5
Current Price ₹628.9
Book Value ₹ 417.7
Face Value 10
52W High ₹800
Dividend Yield 0.4%
52W Low ₹ 349.9
Shervani Industrial Syndicate Limited is a company that engages in the trading of iron and steel products, such as billets, ingots, bars, rods, wires, and coils. Incorporated in 1946, it is one of the oldest and reputed trading houses in India. The company is based out in Kolkata and has branch offices in Delhi, Mumbai, Chennai, and Bangalore. The company is a member of various industry associations, such as the Indian Steel Association, the Steel Wire Manufacturers Association of India, and the Federation of Indian Chambers of Commerce and Industry. They source their products from reputed manufacturers, such as Steel Authority of India, Rashtriya Ispat Nigam, Jindal Steel and Power, and Tata Steel. It also export products to various countries, such as Bangladesh, Nepal, Sri Lanka, and the Middle East.
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2 | 1 | 4 | 2 | 17 | 3 | 5 | 73 | 30 | 13 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 3 |
| Total Income | 2 | 2 | 4 | 2 | 17 | 4 | 5 | 74 | 31 | 16 |
| Total Expenditure | 3 | 2 | 4 | 3 | 12 | 4 | 5 | 53 | 23 | 11 |
| Operating Profit | -1 | -1 | 0 | -0 | 5 | 0 | 0 | 20 | 8 | 5 |
| 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 | -1 | -1 | -0 | -1 | 5 | -0 | 0 | 20 | 7 | 5 |
| Provision for Tax | 0 | 0 | -0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit After Tax | -1 | -1 | 0 | -1 | 5 | -0 | -1 | 20 | 7 | 5 |
| Adjustments | 0 | 0 | -0 | 1 | 0 | 0 | 20 | 1 | -0 | 0 |
| Profit After Adjustments | -1 | -1 | 0 | 0 | 5 | 0 | 19 | 21 | 7 | 5 |
| Adjusted Earnings Per Share | -3.3 | -3.2 | 0.1 | 0.9 | 17 | 0 | 69 | 78.2 | 26.4 | 18.5 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 12 | 4 | 4 | 32 | 46 | 91 | 79 | 92 | 32 | 9 | 27 | 121 |
| Other Income | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 1 | 2 | 1 | 1 | 3 |
| Total Income | 14 | 6 | 6 | 33 | 48 | 93 | 82 | 94 | 34 | 10 | 28 | 126 |
| Total Expenditure | 11 | 6 | 6 | 31 | 35 | 58 | 36 | 67 | 27 | 12 | 23 | 92 |
| Operating Profit | 3 | -0 | 0 | 2 | 13 | 35 | 46 | 26 | 7 | -2 | 5 | 33 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | -25 | 0 | 0 | 1 | 4 | 0 | -3 | 0 | -1 | 0 | 0 | 0 |
| Profit Before Tax | -22 | -0 | -1 | 2 | 16 | 34 | 42 | 25 | 5 | -3 | 24 | 32 |
| Provision for Tax | -0 | 0 | 0 | 0 | -0 | 9 | 8 | 5 | -2 | -0 | 1 | 1 |
| Profit After Tax | -22 | -0 | -1 | 1 | 16 | 25 | 34 | 20 | 7 | -3 | 24 | 31 |
| Adjustments | 0 | 0 | -1 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 21 |
| Profit After Adjustments | -22 | -0 | -2 | 2 | 16 | 25 | 34 | 20 | 7 | -3 | 24 | 52 |
| Adjusted Earnings Per Share | -67.7 | -1.5 | -5.1 | 5.4 | 48.7 | 80.8 | 109.3 | 73.8 | 24.7 | -10.3 | 87.5 | 192.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 200% | -34% | -22% | 8% |
| Operating Profit CAGR | 0% | -42% | -32% | 5% |
| PAT CAGR | 0% | 6% | -1% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 53% | 40% | -2% | 25% |
| ROE Average | 30% | 12% | 24% | 14% |
| ROCE Average | 29% | 11% | 26% | 16% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 191 | 190 | 188 | 190 | 197 | 174 | 153 | 133 | 133 | 129 | 145 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 1 |
| Other Non-Current Liabilities | 1 | 0 | 0 | 0 | -1 | -0 | 0 | 1 | 1 | 1 | 1 |
| Total Current Liabilities | 6 | 11 | 20 | 15 | 13 | 56 | 77 | 35 | 50 | 88 | 117 |
| Total Liabilities | 198 | 202 | 209 | 205 | 209 | 230 | 231 | 170 | 185 | 220 | 264 |
| Fixed Assets | 6 | 6 | 14 | 13 | 12 | 14 | 16 | 16 | 18 | 18 | 17 |
| Other Non-Current Assets | 11 | 12 | 4 | 4 | 7 | 7 | 6 | 6 | 4 | 6 | 27 |
| Total Current Assets | 181 | 183 | 191 | 188 | 190 | 209 | 209 | 148 | 163 | 196 | 220 |
| Total Assets | 198 | 202 | 209 | 205 | 209 | 230 | 231 | 170 | 185 | 220 | 264 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 15 | 13 | 18 | 5 | 9 | 10 | 12 | 2 | 4 | 5 |
| Cash Flow from Operating Activities | 2 | -7 | -2 | 2 | 16 | 26 | 25 | -13 | 5 | 1 | 7 |
| Cash Flow from Investing Activities | 2 | -0 | 3 | 1 | -5 | -26 | 7 | 26 | -2 | -5 | -0 |
| Cash Flow from Financing Activities | -1 | 5 | 4 | -3 | -7 | 1 | -31 | -22 | -2 | 6 | -11 |
| Net Cash Inflow / Outflow | 3 | -2 | 5 | 0 | 4 | 1 | 2 | -9 | 1 | 2 | -4 |
| Closing Cash & Cash Equivalent | 15 | 13 | 18 | 18 | 9 | 10 | 12 | 2 | 4 | 5 | 1 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -67.68 | -1.48 | -5.08 | 5.35 | 48.66 | 80.85 | 109.3 | 73.78 | 24.67 | -10.27 | 87.5 |
| CEPS(Rs) | -66.91 | -0.64 | -1.27 | 5.62 | 49.46 | 82.04 | 110.58 | 76.4 | 27.42 | -6.98 | 90.94 |
| DPS(Rs) | 0 | 0.5 | 0 | 0 | 0 | 85 | 0 | 2.5 | 2.5 | 2 | 2.5 |
| Book NAV/Share(Rs) | 118.85 | 116.78 | 111.37 | 118.73 | 156.66 | 197.27 | 208.42 | 234.64 | 260.43 | 250.51 | 336.18 |
| Core EBITDA Margin(%) | 4.56 | -48.36 | -48.75 | 1.56 | 23.62 | 36.38 | 54.78 | 26.97 | 15.61 | -30.97 | 13.64 |
| EBIT Margin(%) | -191.67 | -8.64 | -12.18 | 6.45 | 34.28 | 37.71 | 54.07 | 27.64 | 15.59 | -30.36 | 92.18 |
| Pre Tax Margin(%) | -191.93 | -12.25 | -25.23 | 4.85 | 33.85 | 37.61 | 53.82 | 27.3 | 14.34 | -33.37 | 91.46 |
| PAT Margin (%) | -188.48 | -12.53 | -25.55 | 4.43 | 34.07 | 27.52 | 43.06 | 21.58 | 20.89 | -31.29 | 88.47 |
| Cash Profit Margin (%) | -186.35 | -5.39 | -10.98 | 5.78 | 34.99 | 28.04 | 43.88 | 22.35 | 23.22 | -21.29 | 91.96 |
| ROA(%) | -10.45 | -0.24 | -0.47 | 0.68 | 7.57 | 11.41 | 14.66 | 9.93 | 3.75 | -1.37 | 9.77 |
| ROE(%) | -44.32 | -1.26 | -2.59 | 3.75 | 34.97 | 44.57 | 53.5 | 31.06 | 9.97 | -4.02 | 29.83 |
| ROCE(%) | -44.51 | -0.8 | -1.01 | 4.37 | 32 | 57.1 | 60.45 | 36.07 | 6.87 | -3.48 | 28.67 |
| Receivable days | 13.42 | 47.1 | 25.48 | 69 | 141.18 | 48.6 | 7.65 | 6.94 | 14.46 | 80.4 | 34.01 |
| Inventory Days | 4893.71 | 0 | 0 | 1819.61 | 1131 | 563.54 | 696.33 | 558.74 | 1558.74 | 6393.12 | 2487.37 |
| Payable days | 114.28 | 0 | 0 | 33.59 | 4 | 3.65 | 19.07 | 10.81 | 23.59 | 164.22 | 36.13 |
| PER(x) | 0 | 0 | 0 | 26.36 | 3 | 6.71 | 5.55 | 2.89 | 9.15 | 0 | 4.06 |
| Price/Book(x) | 0.64 | 0.54 | 0.84 | 1.19 | 0.93 | 2.75 | 2.91 | 0.91 | 0.87 | 0.89 | 1.06 |
| Dividend Yield(%) | 0 | 0.79 | 0 | 0 | 0 | 15.66 | 0 | 1.17 | 1.11 | 0.9 | 0.7 |
| EV/Net Sales(x) | 0.85 | 3.42 | 6.06 | 1.12 | 0.6 | 1.43 | 1.99 | 0.54 | 1.57 | 6.1 | 3.06 |
| EV/Core EBITDA(x) | 3.48 | -227.62 | 253.04 | 21.1 | 2.17 | 3.74 | 3.37 | 1.91 | 7.33 | -32.27 | 16.24 |
| Net Sales Growth(%) | 22.5 | -67.1 | -2.05 | 740.68 | 45.28 | 97.82 | -13.86 | 17.58 | -65.46 | -72.22 | 201.46 |
| EBIT Growth(%) | -2141.87 | 98.52 | -38.06 | 545.24 | 671.86 | 117.61 | 23.5 | -39.9 | -80.51 | -154.1 | 1015.38 |
| PAT Growth(%) | -2189.72 | 97.81 | -99.74 | 245.79 | 1016.95 | 59.76 | 34.8 | -41.07 | -66.56 | -141.62 | 952.26 |
| EPS Growth(%) | -2189.75 | 97.81 | -243.3 | 205.32 | 809.03 | 66.13 | 35.19 | -32.5 | -66.56 | -141.62 | 952.25 |
| Debt/Equity(x) | 0.01 | 0.16 | 0.29 | 0.2 | 0.02 | 0.11 | 0.11 | 0.09 | 0.07 | 0.17 | 0.02 |
| Current Ratio(x) | 31.83 | 16.27 | 9.5 | 12.41 | 14.63 | 3.75 | 2.73 | 4.26 | 3.27 | 2.23 | 1.88 |
| Quick Ratio(x) | 4.55 | 2.14 | 1.3 | 2.39 | 4.3 | 1.1 | 0.75 | 0.51 | 0.43 | 0.31 | 0.21 |
| Interest Cover(x) | -720.97 | -2.4 | -0.93 | 4.03 | 79.45 | 378.21 | 215.09 | 81.16 | 12.45 | -10.07 | 128.12 |
| Total Debt/Mcap(x) | 0.01 | 0.29 | 0.35 | 0.17 | 0.02 | 0.04 | 0.04 | 0.1 | 0.08 | 0.19 | 0.02 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.12 | 60.12 | 60.12 | 60.12 | 60.12 | 60.12 | 60.12 | 60.08 | 62.1 | 60.22 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 39.88 | 39.88 | 39.88 | 39.88 | 39.88 | 39.88 | 39.88 | 39.92 | 37.9 | 39.78 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.15 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.1 | 0.1 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.26 |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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