WEBSITE BSE:532310 NSE: SHREE RAMA Inc. Year: 1993 Industry: Plastic Products My Bucket: Add Stock
Last updated: 15:45
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1. Business Overview
Shree Rama Multi-Tech Ltd. operates in the Plastic Products sector in India. Based on its industry classification, the company is primarily involved in the manufacturing and sale of various plastic products. Its core business model likely involves converting raw plastic polymers into finished goods, potentially serving both industrial (B2B) and consumer (B2C) markets. The company makes money by selling these manufactured plastic products to its customers, which could include packaging companies, other manufacturers, or direct consumers, depending on its specific product portfolio.
2. Key Segments / Revenue Mix
Specific key segments and their revenue contributions are not publicly available from the given information. However, typical segments for a plastic products company in India might include:
Packaging Solutions: Films, bags, containers, bottles for food & beverage, FMCG, pharmaceutical industries.
Industrial Components: Molded parts for automotive, electronics, or construction sectors.
Consumer Goods: Household items, plastic furniture, toys.
Specialty Plastics: Engineered plastics for specific applications.
Without detailed information, it is difficult to determine the primary focus or revenue mix of Shree Rama Multi-Tech Ltd.
3. Industry & Positioning
The Indian Plastic Products industry is large, diverse, and highly competitive, characterized by the presence of both large organized players and a significant number of small and medium-sized enterprises (SMEs). The industry is largely driven by demand from various end-user sectors such as packaging, automotive, construction, agriculture, and consumer goods. Raw material prices (derivatives of crude oil) are a major cost component and influence profitability. Shree Rama Multi-Tech Ltd. likely operates within this competitive landscape, potentially focusing on specific niches, regional markets, or product categories to differentiate itself. Its exact positioning relative to peers (e.g., market share, specialization) cannot be determined without further information.
4. Competitive Advantage (Moat)
A strong, durable competitive advantage (moat) for Shree Rama Multi-Tech Ltd. is not evident from the limited information provided. In the plastic products industry, potential moats could include:
Cost Leadership: Achieved through economies of scale, highly efficient manufacturing processes, or backward integration into raw material production.
Customer Relationships/Switching Costs: Strong, long-term B2B relationships where switching suppliers is costly or inconvenient for clients.
Product Specialization/Innovation: Developing unique plastic compounds or products that offer superior performance or cater to specific high-value applications.
Brand Strength: Relevant primarily for B2C plastic products.
Without specific details, it is difficult to ascertain if Shree Rama Multi-Tech Ltd. possesses any of these advantages. Many companies in this sector compete primarily on price, quality, and delivery timelines.
5. Growth Drivers
Key factors that could drive growth for Shree Rama Multi-Tech Ltd. over the next 3-5 years include:
Rising Domestic Consumption: Increasing disposable incomes and urbanization in India drive demand for packaged goods, consumer durables, and automotive sectors, all of which rely heavily on plastic products.
Infrastructure Development: Growth in construction and industrial sectors increases demand for plastic pipes, fittings, and industrial components.
E-commerce Boom: Surging online retail demands more packaging solutions, including flexible and rigid plastics.
Technological Advancements: Adoption of new materials, sustainable plastics, and advanced manufacturing processes can open new market opportunities.
Export Opportunities: Accessing international markets for specialized plastic products.
6. Risks
Raw Material Price Volatility: Prices of crude oil and its derivatives (key feedstocks for plastics) can fluctuate significantly, directly impacting production costs and profitability.
Environmental Regulations: Increasing focus on sustainability, bans on single-use plastics, and stringent waste management policies pose significant operational and compliance risks.
Intense Competition: The fragmented nature of the industry leads to price wars and pressure on margins.
Substitution Risk: Development of alternative materials (e.g., paper, glass, bio-degradable materials) could reduce demand for traditional plastics.
Economic Slowdown: A downturn in the Indian economy or key end-user industries could reduce demand for plastic products.
7. Management & Ownership
Specific information regarding the promoters, management quality, and detailed ownership structure of Shree Rama Multi-Tech Ltd. is not provided. In India, many companies, especially in the manufacturing sector, are promoter-led. The vision, experience, and corporate governance practices of the promoter group and the management team are crucial for the company's long-term success. Typically, the promoters hold a significant stake in the company.
8. Outlook
Shree Rama Multi-Tech Ltd. operates in an industry with significant growth potential driven by India's expanding economy, rising consumption, and infrastructure development. The increasing demand for packaging, automotive components, and consumer goods presents a favorable backdrop for plastic manufacturers. However, the company faces substantial challenges, primarily from volatile raw material prices and tightening environmental regulations regarding plastic usage and disposal. Intense competition within the fragmented industry also puts pressure on pricing and margins. The company's ability to navigate these risks, adapt to sustainable practices, and innovate in its product offerings will be key to its sustained profitability and growth.
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Market Cap ₹552 Cr.
Stock P/E 10.7
P/B 3.1
Current Price ₹41.4
Book Value ₹ 13.3
Face Value 5
52W High ₹71.6
Dividend Yield 0%
52W Low ₹ 37.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 | 43 | 47 | 43 | 53 | 53 | 59 | 55 | 62 | 60 | 62 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 0 | 0 |
| Total Income | 43 | 47 | 43 | 53 | 53 | 59 | 57 | 64 | 60 | 63 |
| Total Expenditure | 40 | 42 | 38 | 45 | 45 | 48 | 44 | 52 | 50 | 54 |
| Operating Profit | 4 | 5 | 6 | 8 | 8 | 11 | 13 | 12 | 10 | 9 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 3 | 2 | 2 | 2 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 2 | 3 | 4 | 5 | 5 | 7 | 10 | 10 | 8 | 6 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | -30 | 3 | 2 | 2 | 2 |
| Profit After Tax | 2 | 3 | 4 | 5 | 5 | 37 | 7 | 7 | 6 | 5 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | 2 | 3 | 4 | 5 | 5 | 37 | 7 | 7 | 6 | 5 |
| Adjusted Earnings Per Share | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 2.7 | 0.6 | 0.5 | 0.4 | 0.4 |
| #(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 | 108 | 107 | 121 | 122 | 117 | 131 | 136 | 150 | 196 | 178 | 208 | 239 |
| Other Income | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 3 |
| Total Income | 110 | 108 | 122 | 123 | 118 | 131 | 136 | 151 | 196 | 179 | 209 | 244 |
| Total Expenditure | 99 | 92 | 107 | 112 | 109 | 114 | 124 | 148 | 182 | 163 | 177 | 200 |
| Operating Profit | 11 | 17 | 15 | 11 | 8 | 17 | 12 | 2 | 15 | 17 | 32 | 44 |
| Interest | 6 | 7 | 7 | 5 | 4 | 3 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 16 | 14 | 12 | 11 | 9 | 9 | 8 | 7 | 6 | 6 | 9 | 8 |
| Exceptional Income / Expenses | 0 | 13 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -11 | 9 | -4 | -4 | -4 | 11 | 3 | -5 | 7 | 10 | 22 | 34 |
| Provision for Tax | -3 | -2 | -1 | -1 | -1 | -10 | 0 | 0 | 2 | 0 | -30 | 9 |
| Profit After Tax | -8 | 11 | -2 | -3 | -3 | 21 | 3 | -5 | 5 | 10 | 51 | 25 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -8 | 11 | -2 | -3 | -3 | 21 | 4 | -5 | 5 | 10 | 51 | 25 |
| Adjusted Earnings Per Share | -1.1 | 1.5 | -0.3 | -0.4 | -0.4 | 2.9 | 0.5 | -0.7 | 0.7 | 0.7 | 3.8 | 1.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 17% | 12% | 10% | 7% |
| Operating Profit CAGR | 88% | 152% | 13% | 11% |
| PAT CAGR | 410% | 0% | 19% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 2% | 61% | 29% | 23% |
| ROE Average | 40% | 25% | 14% | -24% |
| ROCE Average | 15% | 11% | 7% | 5% |
| #(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 | 8 | 18 | 9 | 6 | 3 | 25 | 28 | 25 | 30 | 103 | 153 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 144 | 109 | 103 | 92 | 80 | 68 | 68 | 68 | 68 | 8 | 20 |
| Other Non-Current Liabilities | 20 | 18 | 16 | 15 | 13 | 3 | 3 | 3 | 3 | 2 | -28 |
| Total Current Liabilities | 12 | 28 | 32 | 27 | 48 | 25 | 16 | 30 | 32 | 26 | 39 |
| Total Liabilities | 184 | 172 | 161 | 140 | 145 | 121 | 116 | 126 | 133 | 138 | 184 |
| Fixed Assets | 109 | 97 | 89 | 78 | 75 | 67 | 60 | 54 | 50 | 47 | 71 |
| Other Non-Current Assets | 10 | 13 | 9 | 8 | 7 | 4 | 4 | 6 | 5 | 13 | 20 |
| Total Current Assets | 65 | 62 | 63 | 54 | 62 | 50 | 52 | 64 | 77 | 76 | 94 |
| Total Assets | 184 | 172 | 161 | 140 | 145 | 121 | 116 | 126 | 133 | 138 | 184 |
| #(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 | 14 | 23 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Cash Flow from Operating Activities | 16 | 8 | 17 | 9 | 13 | 15 | 1 | -11 | 3 | 21 | 20 |
| Cash Flow from Investing Activities | -2 | -2 | -1 | 10 | -7 | 13 | -1 | 2 | -4 | -11 | -47 |
| Cash Flow from Financing Activities | -4 | -14 | -16 | -20 | -6 | -28 | 0 | 9 | 2 | -8 | 25 |
| Net Cash Inflow / Outflow | 9 | -8 | 0 | -1 | -0 | 0 | -0 | 0 | 1 | 2 | -2 |
| Closing Cash & Cash Equivalent | 23 | 15 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 |
| # | 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) | -1.13 | 1.52 | -0.29 | -0.35 | -0.42 | 2.91 | 0.47 | -0.68 | 0.7 | 0.75 | 3.85 |
| CEPS(Rs) | 1.07 | 3.4 | 1.37 | 1.15 | 0.83 | 4.14 | 1.53 | 0.24 | 1.54 | 1.18 | 4.5 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0.12 | 1.54 | 1.25 | 0.88 | 0.47 | 3.4 | 3.9 | 3.39 | 4.1 | 7.7 | 11.48 |
| Core EBITDA Margin(%) | 7.51 | 12.79 | 10.45 | 8.52 | 6.89 | 13.1 | 8.68 | 1.31 | 7.4 | 8.52 | 15.06 |
| EBIT Margin(%) | -3.67 | 13.76 | 2.45 | 0.43 | -0.52 | 10.45 | 3.18 | -2.84 | 4.35 | 6.07 | 11.16 |
| Pre Tax Margin(%) | -9 | 7.8 | -2.67 | -3.22 | -3.79 | 8.19 | 2.53 | -3.27 | 3.61 | 5.61 | 10.51 |
| PAT Margin (%) | -6.86 | 9.36 | -1.58 | -2.05 | -2.58 | 16.09 | 2.53 | -3.27 | 2.57 | 5.61 | 24.7 |
| Cash Profit Margin (%) | 6.47 | 21.03 | 7.45 | 6.62 | 5.11 | 22.94 | 8.18 | 1.15 | 5.68 | 8.85 | 28.93 |
| ROA(%) | -4.31 | 6.18 | -1.26 | -1.7 | -2.13 | 15.87 | 2.9 | -4.08 | 3.89 | 7.33 | 31.82 |
| ROE(%) | -546.32 | 182.56 | -20.79 | -33.17 | -61.9 | 150.39 | 12.99 | -18.63 | 18.57 | 15.05 | 40.13 |
| ROCE(%) | -2.76 | 10.86 | 2.37 | 0.43 | -0.55 | 12.99 | 4.32 | -4.23 | 7.9 | 9.51 | 15.13 |
| Receivable days | 54.14 | 64.2 | 67.9 | 76.14 | 76.74 | 58.1 | 56.21 | 62.17 | 60.94 | 82.29 | 81.67 |
| Inventory Days | 69.55 | 67.75 | 57.57 | 60.23 | 73.81 | 71.72 | 62.39 | 65.42 | 62.72 | 65.9 | 53.64 |
| Payable days | 36.94 | 53.53 | 52.07 | 53.66 | 64.69 | 71.85 | 56.03 | 46.31 | 38.43 | 50.69 | 49.58 |
| PER(x) | 0 | 3.41 | 0 | 0 | 0 | 1.09 | 18.49 | 0 | 10.9 | 31.38 | 8.32 |
| Price/Book(x) | 29.53 | 3.35 | 8.74 | 11.1 | 11.2 | 0.93 | 2.25 | 3.39 | 1.85 | 3.04 | 2.79 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.44 | 1.47 | 1.56 | 1.44 | 1.22 | 0.75 | 0.96 | 1.08 | 0.69 | 1.81 | 2.19 |
| EV/Core EBITDA(x) | 13.92 | 9.43 | 12.35 | 15.49 | 16.99 | 5.67 | 10.9 | 68.19 | 9.31 | 19.47 | 14.26 |
| Net Sales Growth(%) | 2.41 | -0.99 | 13.3 | 1.21 | -4.17 | 11.52 | 3.79 | 10.69 | 30.57 | -9.46 | 16.96 |
| EBIT Growth(%) | -109.43 | 468.84 | -79.75 | -83.63 | -214.01 | 2339.79 | -68.44 | -198.88 | 299.95 | 26.45 | 115.12 |
| PAT Growth(%) | -124.55 | 234.31 | -119.18 | -21.88 | -17.88 | 795.8 | -83.7 | -243.38 | 202.47 | 97.56 | 415.27 |
| EPS Growth(%) | -124.55 | 234.31 | -119.18 | -21.88 | -17.87 | 795.8 | -83.7 | -243.39 | 202.46 | 7.29 | 415.27 |
| Debt/Equity(x) | 19.41 | 7.03 | 13.57 | 16.78 | 30.86 | 3.13 | 2.46 | 3.22 | 2.77 | 0.12 | 0.25 |
| Current Ratio(x) | 5.27 | 2.24 | 1.93 | 2.03 | 1.29 | 2.03 | 3.22 | 2.15 | 2.38 | 2.89 | 2.43 |
| Quick Ratio(x) | 3.5 | 1.46 | 1.3 | 1.24 | 0.74 | 1.02 | 1.89 | 1.06 | 1.29 | 1.79 | 1.6 |
| Interest Cover(x) | -0.69 | 2.31 | 0.48 | 0.12 | -0.16 | 4.62 | 4.89 | -6.5 | 5.94 | 13.13 | 16.98 |
| Total Debt/Mcap(x) | 5.81 | 3.35 | 1.56 | 1.52 | 2.78 | 3.37 | 1.1 | 0.95 | 1.5 | 0.04 | 0.09 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.57 | 61.57 | 61.57 | 61.57 | 61.57 | 61.57 | 61.57 | 61.57 | 61.57 | 61.57 |
| FII | 0 | 0 | 0 | 0 | 0.01 | 0 | 0.04 | 0 | 0.02 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 38.43 | 38.43 | 38.43 | 38.43 | 38.42 | 38.43 | 38.39 | 38.43 | 38.41 | 38.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 8.22 | 8.22 | 8.22 | 8.22 | 8.22 | 8.22 | 8.22 | 8.22 | 8.22 | 8.22 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 5.13 | 5.13 | 5.13 | 5.13 | 5.13 | 5.13 | 5.12 | 5.13 | 5.13 | 5.13 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13.35 | 13.35 | 13.35 | 13.35 | 13.35 | 13.35 | 13.35 | 13.35 | 13.35 | 13.35 |
* The pros and cons are machine generated.
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