Sree Rayal.Hi-Strent

₹527.5 4.8 | 0.9%

WEBSITE BSE:532842 NSE : SREE RAYALA 10 May, 16:01

Market Cap ₹905 Cr.

Stock P/E 6.9

P/B 1.1

Current Price ₹527.5

Book Value ₹ 488.8

Face Value 10

52W High ₹815

Dividend Yield 0.76%

52W Low ₹ 453.1

Edit Ratio

Sree Rayal.Hi-Strent Research see more...

Overview Inc. Year: 2005Industry: Chemicals

Sree Rayalaseema Hi-Strength Hypo Ltd is an totally India-based manufacture of inorganic chemical substances. The Company is engaged in manufacturing and sale of commercial chemicals and technology and distribution of power. The Company operates thru two segments: Chemicals and Power technology. The Company generates power via wind and thermal. The Company's merchandise consist of calcium hypo chlorite, solid bleaching powder (SBP), aluminium sulphate, monochloric acetic acid (MCA), sulfuric acid, chlorosulphonic acid, hydrochloric acid and oleum. The Company has 3 SBP plants, of which 2 are located at Gondiparla, Kurnool District, Andhra Pradesh, and one is placed at Manjawadi, Laxmapuram, Dharmapuri District, Tamil Nadu. The Company's sulfuric acid, chloro sulfonic acid, MCA and calcium hypochlorite (hi-strength hypo) plants are situated at Gondiparla, Kurnool District, Andhra Pradesh. Its wind mill power devices are situated in Tamil Nadu State.

Sree Rayal.Hi-Strent Share Price

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Peer Comparison

Sree Rayal.Hi-Strent Quarterly Results

#(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	271	295	414	570	344	301	435	261	226	215
Other Income	1	0	7	0	3	11	20	1	2	10
Total Income	272	296	421	570	347	311	455	262	228	225
Total Expenditure	239	248	372	517	310	274	371	226	199	192
Operating Profit	33	47	49	54	37	37	85	36	29	33
Interest	1	1	0	0	1	0	1	1	1	1
Depreciation	5	5	5	4	5	5	5	3	3	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	-6
Profit Before Tax	28	41	44	49	31	32	79	33	25	23
Provision for Tax	7	14	6	13	8	8	7	8	7	7
Profit After Tax	21	27	37	36	24	24	71	24	18	17
Adjustments	0	-0	0	0	0	0	0	-0	-0	0
Profit After Adjustments	21	27	37	36	24	24	71	24	18	17
Adjusted Earnings Per Share	12	15.5	21.7	20.9	13.8	13.7	41.4	14.2	10.8	9.7

Sree Rayal.Hi-Strent Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	363	164	689	911	1267	1650	1137
Other Income	4	0	4	7	11	35	33
Total Income	367	165	693	917	1278	1685	1170
Total Expenditure	319	142	587	781	1119	1470	988
Operating Profit	48	22	106	137	159	215	183
Interest	11	3	10	5	3	5	4
Depreciation	10	10	50	51	19	19	14
Exceptional Income / Expenses	-1	0	0	0	0	0	-6
Profit Before Tax	25	9	45	81	137	190	160
Provision for Tax	7	-0	8	20	34	36	29
Profit After Tax	19	9	38	61	103	154	130
Adjustments	6	0	0	0	0	0	0
Profit After Adjustments	25	9	38	61	103	154	130
Adjusted Earnings Per Share	17	5.9	22.1	35.3	59.9	89.9	76.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	30%	34%	35%	0%
Operating Profit CAGR	35%	27%	35%	0%
PAT CAGR	50%	59%	52%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	7%	23%	28%	38%
ROE Average	23%	21%	16%	15%
ROCE Average	29%	26%	20%	19%

Sree Rayal.Hi-Strent Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	203	197	312	388	570	751
Minority's Interest	0	0	0	0	0	0
Borrowings	27	27	1	1	0	3
Other Non-Current Liabilities	27	33	17	7	6	4
Total Current Liabilities	115	83	144	184	302	273
Total Liabilities	372	340	473	579	878	1031
Fixed Assets	195	187	161	110	130	102
Other Non-Current Assets	59	38	36	89	170	234
Total Current Assets	119	115	276	380	579	694
Total Assets	372	340	473	579	878	1031

Sree Rayal.Hi-Strent Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	6	6	2	42	7	14
Cash Flow from Operating Activities	21	-8	99	71	60	144
Cash Flow from Investing Activities	-9	-1	-38	-115	-1	-112
Cash Flow from Financing Activities	-12	11	-22	10	-51	-20
Net Cash Inflow / Outflow	-0	2	40	-35	7	13
Closing Cash & Cash Equivalent	6	8	42	7	14	27

Sree Rayal.Hi-Strent Ratios

#	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	17.02	5.93	22.08	35.29	59.88	89.87
CEPS(Rs)	19.3	12.97	51.37	64.77	71.08	101.14
DPS(Rs)	1.5	1.5	2.5	3	3.5	4
Book NAV/Share(Rs)	138.27	133.52	181.51	226.03	332.24	437.48
Core EBITDA Margin(%)	11.6	12.97	14.8	14.31	11.73	10.9
EBIT Margin(%)	9.63	7.04	8.07	9.48	11.06	11.82
Pre Tax Margin(%)	6.68	5.13	6.59	8.88	10.81	11.53
PAT Margin (%)	4.9	5.19	5.5	6.65	8.11	9.34
Cash Profit Margin (%)	7.45	11.34	12.8	12.21	9.62	10.51
ROA(%)	5.02	2.45	9.32	11.51	14.11	16.16
ROE(%)	9.18	4.37	14.92	17.32	21.45	23.35
ROCE(%)	12.72	4.2	17.58	21.41	26.99	28.87
Receivable days	51.13	114.83	35.63	35.79	32.92	31.06
Inventory Days	21.22	37.22	12.94	15.31	26.44	29.82
Payable days	33.59	51.41	13.98	12.36	19.18	23.23
PER(x)	3.94	20.81	3.27	6.7	7.91	4.58
Price/Book(x)	0.48	0.92	0.4	1.05	1.43	0.94
Dividend Yield(%)	2.24	1.21	3.46	1.27	0.74	0.97
EV/Net Sales(x)	0.49	1.54	0.12	0.36	0.57	0.3
EV/Core EBITDA(x)	3.72	11.41	0.78	2.4	4.51	2.28
Net Sales Growth(%)	0	-54.8	319.45	32.18	39.13	30.21
EBIT Growth(%)	0	-67.73	369.42	55.22	62.41	39.22
PAT Growth(%)	0	-53.26	334.04	59.79	69.68	50.08
EPS Growth(%)	0	-65.14	272.13	59.79	69.68	50.08
Debt/Equity(x)	0.42	0.4	0.15	0.16	0.03	0.02
Current Ratio(x)	1.03	1.38	1.92	2.07	1.92	2.54
Quick Ratio(x)	0.84	1.23	1.67	1.85	1.44	2.08
Interest Cover(x)	3.27	3.7	5.47	15.76	43.7	41.09
Total Debt/Mcap(x)	0.86	0.41	0.37	0.15	0.02	0.02

Sree Rayal.Hi-Strent Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	62.09	62.09	62.09	62.09	62.09	62.09	62.09	62.09	61.84	61.84
FII	0	0.2	0.14	0.71	0.74	0.59	0.6	0.63	0.65	0.57
DII	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03
Public	37.86	37.67	37.72	37.15	37.12	37.28	37.27	37.24	37.48	37.55
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	1.07	1.07	1.07	1.07	1.07	1.07	1.07	1.07	1.06	1.06
FII	0	0	0	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	0.65	0.65	0.65	0.64	0.64	0.64	0.64	0.64	0.64	0.64
Others	0	0	0	0	0	0	0	0	0	0
Total	1.72	1.72	1.72	1.72	1.72	1.72	1.72	1.72	1.72	1.72

Pros

Company has delivered good profit growth of 51% CAGR over last 5 years
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 19.18 to 23.23days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.