Trading · Founded 1990 · www.sirohia.com · BSE 538667 · · ISIN INE785O01019
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Business
Sirohia & Sons Ltd. (SIROHIA) operates in the Trading sector in India. As a trading company, its core business involves acting as an intermediary in the buying and selling of goods, commodities, or potentially financial instruments. The company's business model typically revolves around sourcing products from producers or suppliers and distributing them to customers, retailers, or other businesses. It makes money primarily through the spread between its buying and selling prices (arbitrage), or through commissions for facilitating transactions. This often involves managing logistics, inventory, and market intelligence to capitalize on demand-supply imbalances or price fluctuations.
Revenue Mix
Specific segment breakdown or revenue mix for Sirohia & Sons Ltd. is not available. For a typical trading company, segments could potentially be categorized by product type (e.g., agricultural commodities, industrial raw materials, finished consumer goods), geographical markets, or customer types. Without further information, it is not possible to detail the company's specific revenue contributions from various areas.
Industry
The trading industry in India is generally fragmented and characterized by numerous players ranging from small local traders to large multinational trading houses. It is often highly competitive, with profitability susceptible to price volatility, logistics costs, and supply chain efficiency. Barriers to entry can be relatively low for general trading, but building robust supplier networks, customer relationships, and efficient logistics infrastructure requires significant investment and time. Without specific information about Sirohia & Sons Ltd.'s scale, market share, or specialized niche, its exact positioning against peers cannot be determined. It likely operates within a competitive landscape where relationships, pricing, and timely execution are critical.
MOAT
Based solely on the sector, potential competitive advantages for a trading company like Sirohia & Sons Ltd. could include:
Established Network: Deep, long-standing relationships with reliable suppliers and a diverse customer base.
Logistics & Supply Chain Efficiency: Superior operational capabilities in procurement, warehousing, and distribution that lead to cost advantages or faster delivery.
Market Intelligence: Specialized knowledge of specific product markets, allowing for advantageous buying and selling decisions.
Working Capital Management: Strong financial discipline and access to capital for effective inventory management and credit facilities.
Niche Expertise: Focus on specific commodities or goods where specialized knowledge or access provides an edge.
Without company-specific details, it's difficult to ascertain if Sirohia & Sons Ltd. possesses any strong, durable competitive advantages.
Growth Drivers
Key factors that could drive growth for Sirohia & Sons Ltd. over the next 3-5 years include:
Economic Growth: Overall economic expansion in India leads to increased demand for goods and services, boosting trade volumes.
Expansion into New Product Categories: Diversifying the product portfolio to tap into new markets or emerging consumer trends.
Geographical Expansion: Entering new regional or international markets to broaden reach and customer base.
Supply Chain Optimization: Enhancements in logistics and warehousing leading to cost efficiencies and improved service.
Digitalization: Leveraging technology for market analysis, inventory management, and B2B e-commerce to improve operational efficiency and reach.
Disruptions & Opportunities: Capitalizing on global or domestic supply chain shifts, creating opportunities for new sourcing or distribution channels.
Risks
Major risks for a trading company like Sirohia & Sons Ltd. include:
Commodity Price Volatility: Sharp fluctuations in the prices of traded goods can erode margins or lead to inventory write-downs.
Logistics & Supply Chain Disruptions: Issues such as transportation delays, port congestion, or geopolitical events can disrupt operations and increase costs.
Credit Risk: Exposure to default by customers, especially in B2B trading where credit terms are common.
Intense Competition: Pressure on margins due to numerous competitors and the commoditized nature of many traded goods.
Economic Downturns: Reduced demand during economic slowdowns can negatively impact sales volumes and profitability.
Regulatory & Trade Policy Changes: Alterations in import/export duties, tariffs, or trade agreements can significantly impact costs and market access.
Foreign Exchange Risk: If involved in international trade, currency fluctuations can affect profitability.
Inventory Management: Risk of obsolescence or overstocking leading to holding costs or write-offs.
Management & Ownership
The name "Sirohia & Sons Ltd." suggests a family-promoted or family-managed business, which is common in India's trading sector. Such companies often benefit from a long-term strategic outlook and deep industry relationships built over generations. However, without specific details on the current management team, their experience, or the company's governance structure, it is not possible to assess management quality. Family businesses can sometimes face challenges related to succession planning or corporate governance, though many are professionally run. The ownership structure is likely concentrated among the promoter family.
Outlook
Sirohia & Sons Ltd., as a trading entity in India, operates in a dynamic yet competitive environment. The bullish case for the company rests on India's continued economic growth, which fuels domestic consumption and industrial activity, thereby increasing trade volumes. If Sirohia has cultivated robust supplier and customer relationships, possesses efficient logistics capabilities, and effectively manages market risks, it could capitalize on these growth trends. The inherent flexibility of a trading model can also allow it to adapt to changing market demands.
Conversely, the bearish case highlights the inherent volatility and low-margin nature of the trading business. Intense competition, exposure to commodity price fluctuations, credit risks, and potential supply chain disruptions could significantly impact profitability. A lack of unique differentiation or over-reliance on a few key customers/suppliers could leave the company vulnerable to market shifts. The ability to effectively manage working capital and mitigate various operational risks will be crucial for its sustained performance.
| #(Fig in Cr.) |
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| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 5 | 5 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Other Income | 0 | 0 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Income | 5 | 5 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Expenditure | 5 | 5 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Operating Profit | 0 | 0 | 0 | 3 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Exceptional Income / Expenses | -0 | -0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | |
| Profit Before Tax | 0 | 0 | 0 | 3 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | |
| Provision for Tax | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | |
| Profit After Tax | 0 | 0 | 0 | 2 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 0 | 0 | 0 | 2 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | |
| Adjusted Earnings Per Share | 0.1 | 0.2 | 0.1 | 2.2 | -0.3 | -0 | -0 | -0.1 | 0.1 | 0 | 0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | -100% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 23% | -6% | -6% | -6% |
| ROE Average | 0% | 0% | -0% | 1% |
| ROCE Average | 0% | 0% | 0% | 1% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 26 | 26 | 26 | 29 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 0 | 1 | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 1 |
| Total Liabilities | 26 | 27 | 26 | 30 | 30 | 28 | 28 | 28 | 28 | 28 | 29 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 19 | 19 | 17 | 10 | 10 | 4 | 4 | 4 | 4 | 4 | 4 |
| Total Current Assets | 7 | 8 | 9 | 19 | 20 | 24 | 24 | 24 | 24 | 24 | 25 |
| Total Assets | 26 | 27 | 26 | 30 | 30 | 28 | 28 | 28 | 28 | 28 | 29 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 0 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 3 | 1 | -0 | -10 | -0 | -5 | -0 | 0 | 0 | 0 | -0 |
| Cash Flow from Investing Activities | -4 | -0 | 2 | 7 | 0 | 6 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Financing Activities | 0 | -0 | -0 | 1 | 0 | -1 | -0 | -0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | -1 | 1 | 1 | -3 | 0 | -0 | -0 | -0 | 0 | 0 | -0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.09 | 0.25 | 0.09 | 2.22 | -0.25 | -0.02 | -0 | -0.14 | 0.05 | 0.04 | 0.03 |
| CEPS(Rs) | 0.1 | 0.25 | 0.12 | 2.24 | -0.23 | -0 | 0.01 | -0.13 | 0.06 | 0.05 | 0.04 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 25.13 | 25.5 | 25.59 | 27.8 | 27.55 | 27.53 | 27.53 | 27.39 | 27.44 | 27.48 | 27.67 |
| Core EBITDA Margin(%) | -6.31 | -0.6 | -14.89 | -363.88 | -8078.08 | -5277.64 | 0 | 0 | 0 | 0 | 0 |
| EBIT Margin(%) | 3.43 | 8.51 | 6.36 | 4793.6 | -8503.38 | 4896.93 | 0 | 0 | 0 | 0 | 0 |
| Pre Tax Margin(%) | 3.01 | 8.27 | 6.3 | 4792.98 | 0 | -111.92 | 0 | 0 | 0 | 0 | 0 |
| PAT Margin (%) | 2.08 | 5.21 | 4.17 | 3506.68 | 0 | -818.02 | 0 | 0 | 0 | 0 | 0 |
| Cash Profit Margin (%) | 2.17 | 5.27 | 5.32 | 3543.85 | -9713.82 | -5.04 | 0 | 0 | 0 | 0 | 0 |
| ROA(%) | 0.36 | 0.96 | 0.35 | 8.05 | -0.86 | -0.06 | -0 | -0.52 | 0.19 | 0.14 | 0.11 |
| ROE(%) | 0.36 | 0.98 | 0.36 | 8.3 | -0.92 | -0.06 | -0 | -0.53 | 0.19 | 0.14 | 0.11 |
| ROCE(%) | 0.6 | 1.6 | 0.54 | 11.21 | -0.72 | 0.34 | 0.06 | -0.51 | 0.16 | 0.23 | 0.27 |
| Receivable days | 64.82 | 68.78 | 171.11 | 3822.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 38.69 | 21.65 | 22.93 | 605.64 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 24.34 | 30.8 | 53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PER(x) | 136.35 | 41.77 | 0 | 0 | 0 | 0 | 0 | 0 | 113.67 | 315.55 | 232.27 |
| Price/Book(x) | 0.5 | 0.41 | 0 | 0 | 0 | 0 | 0.31 | 0 | 0.21 | 0.43 | 0.26 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 2.78 | 1.96 | 3.45 | 167.17 | 4583.73 | 5059.53 | 0 | 0 | 0 | 0 | 0 |
| EV/Core EBITDA(x) | 78.95 | 20.89 | 45.9 | 3.46 | -59.22 | 88.61 | 283.22 | 364.93 | 113.47 | 151.65 | 88.89 |
| Net Sales Growth(%) | -5.01 | 8.73 | -54.43 | -97.1 | -96.19 | -17.74 | -100 | 0 | 0 | 0 | 0 |
| EBIT Growth(%) | 116.17 | 170.08 | -65.93 | 2087.91 | -106.78 | 147.18 | -81.7 | -886.74 | 131.29 | 46.42 | 17.63 |
| PAT Growth(%) | 176.76 | 172.4 | -63.49 | 2341.43 | -111.46 | 93.62 | 99.31 | 0 | 135.5 | -27.12 | -16.24 |
| EPS Growth(%) | 176.69 | 172.4 | -63.49 | 2341.43 | -111.46 | 93.62 | 99.38 | 0 | 135.48 | -27.15 | -16.09 |
| Debt/Equity(x) | 0.01 | 0 | 0 | 0.02 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio(x) | 14.69 | 9.15 | 63.01 | 11.85 | 9.44 | 139.06 | 291.38 | 574.34 | 731.02 | 691.42 | 37.75 |
| Quick Ratio(x) | 13.83 | 8.94 | 62.24 | 11.79 | 9.39 | 138.57 | 291.38 | 574.34 | 731.02 | 691.42 | 37.75 |
| Interest Cover(x) | 8.22 | 34.71 | 104.72 | 7742.36 | -4.25 | 0.98 | 37.83 | 0 | 1948.33 | 0 | 0 |
| Total Debt/Mcap(x) | 0.02 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | — | — | — | -100% |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | +23% | -6% | -6% | -6% |
| ROE Average | 0% | 0% | 0% | +1% |
| ROCE Average | 0% | 0% | 0% | +1% |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 | 50.11 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 | 49.89 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 | 0.51 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 | 1.03 |
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