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Shetron Overview

1. Business Overview

Shetron Ltd. operates within the Engineering - Industrial Equipments sector in India. Its core business likely involves the design, manufacturing, supply, and potentially installation and servicing of various industrial equipment, machinery, components, or systems. The company's business model is primarily B2B (business-to-business), catering to other industries such as manufacturing, infrastructure, energy, and processing sectors that require specialized machinery and equipment for their operations. Shetron Ltd. makes money through the sale of its manufactured products, spare parts, and potentially through after-sales services, maintenance contracts, or project-based engineering solutions.

2. Key Segments / Revenue Mix

Without specific company data, the major business segments are not available. Typically, companies in the industrial equipment sector may categorize their revenue by different product lines (e.g., heavy machinery, precision components, process equipment), end-user industries served (e.g., automotive, power, metals & mining), or by service offerings (e.g., equipment sales, AMC/spares, project execution). A detailed breakdown of revenue contribution by these potential segments for Shetron Ltd. is not publicly specified in the given context.

3. Industry & Positioning

The Indian Engineering - Industrial Equipments industry is characterized by a mix of organized and unorganized players, including large global conglomerates, established domestic manufacturers, and numerous smaller enterprises often specializing in specific niches. The industry's growth is closely tied to overall industrial capital expenditure (CAPEX), government infrastructure spending, and manufacturing sector growth. Shetron Ltd. is positioned as a domestic player within this competitive landscape, likely contending for market share based on its product quality, engineering capabilities, cost-effectiveness, and customer relationships. Its specific standing relative to peers (e.g., market share, product leadership) would depend on its product portfolio and target markets.

4. Competitive Advantage (Moat)

For a company like Shetron Ltd., potential competitive advantages could include:

Specialized Engineering Expertise: Proprietary design, manufacturing processes, or technical know-how in specific equipment types.

Customer Relationships: Long-standing relationships and trust built with industrial clients through reliable product delivery and service.

Cost Efficiency: Optimized manufacturing processes or supply chain management leading to competitive pricing.

After-Sales Service Network: A robust service and spare parts network can create switching costs for customers and ensure equipment uptime.

Brand Reputation: A reputation for quality, durability, and reliability in its specific product categories.

However, without specific details, the existence and strength of these moats for Shetron Ltd. cannot be definitively confirmed.

5. Growth Drivers

Key factors that can drive Shetron Ltd.'s growth over the next 3-5 years include:

Increased Industrial CAPEX: A general uptick in capital expenditure by various industries in India, driven by economic growth and expansion.

Government Initiatives: Policies like 'Make in India,' Production Linked Incentive (PLI) schemes, and increased public spending on infrastructure projects (e.g., roads, railways, ports, energy).

Modernization & Automation: Demand for more efficient and automated industrial equipment as industries adopt advanced manufacturing technologies.

Sector-Specific Demand: Growth in particular end-user industries that Shetron Ltd. serves, such as renewable energy, automotive, construction, or process industries.

Export Opportunities: Leveraging competitive manufacturing costs and engineering capabilities to tap into international markets.

6. Risks

Shetron Ltd. faces several business risks:

Cyclicality of Demand: The industrial equipment sector is highly cyclical, sensitive to economic slowdowns and changes in industrial CAPEX budgets.

Raw Material Price Volatility: Fluctuations in prices of key inputs (e.g., steel, other metals, energy) can impact profit margins.

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

Technological Obsolescence: Rapid advancements in manufacturing technology could render existing equipment designs or production methods less competitive.

Dependency on End-User Industries: Over-reliance on a few specific customer industries makes the company vulnerable to downturns in those sectors.

Supply Chain Disruptions: Global or domestic supply chain issues can delay production and delivery.

7. Management & Ownership

Shetron Ltd. is an Indian company, and like many firms in India, it is likely promoter-led. The ownership structure would typically involve the promoter group holding a significant stake, alongside institutional investors (if applicable) and public shareholders. While the specific quality of management or corporate governance practices cannot be assessed without detailed reports, these are critical factors for long-term company performance. Promoter-led companies often benefit from strong vision and long-term commitment but may also present risks related to succession planning or related-party transactions if not governed effectively.

8. Outlook

Shetron Ltd., as an industrial equipment manufacturer, stands to benefit from India's projected economic growth and government focus on boosting domestic manufacturing and infrastructure development. The 'Make in India' initiative and infrastructure spending provide a supportive environment for increased industrial CAPEX, which is a direct demand driver for the company's products. However, the company operates in a cyclical and competitive industry. Its performance will be significantly influenced by its ability to manage raw material costs, adapt to technological changes, diversify its customer base, and maintain efficient operations. A slowdown in industrial activity or intensified competition could pressure its revenues and profitability. Its success hinges on strategic execution, innovation, and prudent financial management.

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Shetron Key Financials

Market Cap ₹95 Cr.

Stock P/E 31

P/B 1.5

Current Price ₹105.9

Book Value ₹ 68.6

Face Value 10

52W High ₹164.5

Dividend Yield 0.94%

52W Low ₹ 83.8

Shetron Share Price

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Volume
Price

Shetron Quarterly Price

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Shetron Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 50 52 65 58 52 55 69 60 56 61
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 50 52 65 58 52 55 69 61 56 62
Total Expenditure 44 47 59 53 48 51 64 57 52 56
Operating Profit 6 5 6 5 4 4 5 4 4 6
Interest 2 2 2 2 2 2 2 1 2 2
Depreciation 2 2 1 2 2 2 1 1 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 2 2 1 1 1 2 1 1 2
Provision for Tax 1 1 0 0 0 0 1 0 1 1
Profit After Tax 2 1 2 1 0 0 2 1 0 1
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 1 2 1 0 0 2 1 0 1
Adjusted Earnings Per Share 2 1.2 1.7 1.2 0.2 0.3 1.8 1.2 0.4 1.1

Shetron 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 161 158 149 168 165 162 171 226 245 240 229 246
Other Income 1 1 2 1 2 3 1 2 2 1 2 0
Total Income 162 158 150 169 167 165 172 228 246 241 230 248
Total Expenditure 136 132 126 147 146 147 158 205 222 217 211 229
Operating Profit 26 26 24 21 21 19 14 23 24 24 19 19
Interest 17 16 14 12 11 12 10 11 10 9 8 7
Depreciation 8 8 8 7 6 6 5 6 5 6 6 6
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 2 3 3 3 1 -2 7 9 9 5 6
Provision for Tax 0 1 1 1 1 0 0 2 3 3 2 3
Profit After Tax 1 2 2 2 2 1 -2 5 6 7 3 4
Adjustments 0 0 0 0 0 0 -0 -0 -0 -0 -1 0
Profit After Adjustments 1 2 2 2 2 1 -2 5 6 6 2 4
Adjusted Earnings Per Share 0.8 1.7 2.1 2 2.4 1 -2.2 5.7 6.7 7.3 3.4 4.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -5% 0% 7% 4%
Operating Profit CAGR -21% -6% 0% -3%
PAT CAGR -57% -16% 25% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -22% 17% 35% 14%
ROE Average 5% 10% 7% 5%
ROCE Average 11% 14% 13% 13%

Shetron 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 40 42 37 39 41 42 40 45 50 56 59
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 62 51 40 21 36 34 36 31 32 28 14
Other Non-Current Liabilities 5 5 5 5 6 1 1 0 0 0 0
Total Current Liabilities 76 74 83 94 73 73 71 77 68 73 79
Total Liabilities 183 172 165 159 155 150 147 153 150 157 151
Fixed Assets 67 60 52 49 47 47 43 41 46 47 48
Other Non-Current Assets 22 27 9 9 5 1 3 3 4 3 2
Total Current Assets 94 85 103 102 102 102 100 110 101 107 101
Total Assets 183 172 165 159 155 150 147 153 150 157 151

Shetron 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 9 7 9 6 0 1 0 1 0 0 0
Cash Flow from Operating Activities 9 17 16 11 -13 2 -0 7 11 12 22
Cash Flow from Investing Activities -1 -4 -4 1 -1 -1 -2 -3 -11 -7 -7
Cash Flow from Financing Activities -10 -11 -11 -19 14 -2 2 -5 1 -5 -15
Net Cash Inflow / Outflow -2 3 2 -6 0 -0 0 -1 0 0 -0
Closing Cash & Cash Equivalent 7 9 11 0 1 0 1 0 0 0 0

Shetron 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) 0.82 1.68 2.07 2.02 2.44 0.98 -2.2 5.69 6.67 7.26 3.42
CEPS(Rs) 9.27 10.02 10.43 9.68 9.03 7.18 3.88 11.8 12.69 14.03 10.31
DPS(Rs) 0 0 0 0 0 0 0 0 1 1 1
Book NAV/Share(Rs) 44.5 46.14 41.36 43.17 45.38 46.73 44.33 49.8 55.96 62.71 65.13
Core EBITDA Margin(%) 14.52 14.89 13.88 12.09 11.42 9.69 7.18 9.37 9.16 9.62 7.66
EBIT Margin(%) 10.44 10.86 10.2 8.45 8.95 8.04 4.83 7.91 7.63 7.51 5.66
Pre Tax Margin(%) 0.65 1.32 1.64 1.58 2.01 0.7 -1.05 2.98 3.52 3.83 2.06
PAT Margin (%) 0.43 0.88 1.16 1.06 1.34 0.54 -1.16 2.27 2.45 2.72 1.35
Cash Profit Margin (%) 4.84 5.27 5.84 5.06 4.93 3.98 2.05 4.7 4.67 5.27 4.06
ROA(%) 0.41 0.85 1.1 1.13 1.4 0.58 -1.33 3.41 3.96 4.25 1.99
ROE(%) 1.87 3.7 4.72 4.79 5.52 2.12 -4.83 12.09 12.61 12.23 5.35
ROCE(%) 12.37 13.02 12.5 12.3 12.89 11.06 7 15.83 16.33 15.04 11.47
Receivable days 67.12 69.07 69.63 72.94 72.28 65.05 59.51 44.75 41.83 44.23 50.23
Inventory Days 68.05 70.67 77.06 80.21 96.27 100.67 96.93 84.05 77.68 76.91 82.68
Payable days 89.63 93.97 103.8 105.45 106.21 88.74 76.77 68.83 64.88 62.04 79.94
PER(x) 18.12 18.95 20.78 27.03 12.56 14.88 0 8.09 7.97 14.08 38.75
Price/Book(x) 0.33 0.69 1.04 1.27 0.68 0.31 0.45 0.92 0.95 1.63 2.04
Dividend Yield(%) 0 0 0 0 0 0 0 0 1.88 0.98 0.75
EV/Net Sales(x) 0.71 0.74 0.77 0.7 0.59 0.52 0.51 0.45 0.45 0.63 0.7
EV/Core EBITDA(x) 4.44 4.45 4.78 5.5 4.73 4.53 6.32 4.3 4.57 6.26 8.33
Net Sales Growth(%) 21.75 -1.97 -5.74 13.12 -2.08 -1.45 5.03 32.36 8.35 -1.91 -4.6
EBIT Growth(%) 19.63 3.34 -11.79 -11.29 1.44 -11.53 -36.93 116.89 4.48 -3.38 -28.14
PAT Growth(%) 174 104.05 23.18 -2.15 20.88 -60 -325 358.59 17.19 8.83 -52.83
EPS Growth(%) 174 104.05 23.18 -2.15 20.88 -60 -324.99 358.59 17.19 8.83 -52.83
Debt/Equity(x) 2.67 2.33 2.33 1.9 1.85 1.84 1.9 1.45 1.35 1.15 0.79
Current Ratio(x) 1.24 1.15 1.25 1.09 1.4 1.39 1.42 1.42 1.49 1.47 1.29
Quick Ratio(x) 0.79 0.71 0.82 0.66 0.77 0.81 0.74 0.69 0.78 0.74 0.65
Interest Cover(x) 1.07 1.14 1.19 1.23 1.29 1.09 0.82 1.6 1.86 2.04 1.57
Total Debt/Mcap(x) 7.97 3.38 2.24 1.5 2.74 5.92 4.25 1.57 1.42 0.7 0.39

Shetron Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.18 64.18 64.18 64.18 64.18 64.18 64.18 64.22 64.64 64.78
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 35.82 35.82 35.82 35.82 35.82 35.82 35.82 35.78 35.35 35.22
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shetron News

Shetron Pros & Cons

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 62.04 to 79.94days.
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