Sreechem Resins

₹72.6 -3.4 | 4.5%

WEBSITE BSE:514248 NSE : SREECHEM RES 18 May, 10:00

Market Cap ₹30 Cr.

Stock P/E 27.7

P/B 2.2

Current Price ₹72.6

Book Value ₹ 32.9

Face Value 10

52W High ₹93.3

Dividend Yield 0%

52W Low ₹ 34.7

Edit Ratio

Sreechem Resins Research see more...

Overview Inc. Year: 1988Industry: Chemicals

Sreechem Resins Ltd manufactures and sells phenol- based resins and derivatives in India. The corporation offers artificial PF resins, including novolak and resol resins in liquid and powder forms; and magnesia carbon, alumina carbon, dolomite, and continous casting refractories. Its products are used by refractory units and steel flora. Sreechem Resins Ltd was founded in 1988 and is totally based in Kolkata, India.

Sreechem Resins Share Price

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Peer Comparison

Sreechem Resins Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	14	9	18	31	38	22	9	7	8	20
Other Income	0	0	0	0	0	0	0	0	0	0
Total Income	14	9	18	31	38	22	9	7	8	20
Total Expenditure	14	8	18	28	35	21	9	8	8	17
Operating Profit	1	0	1	4	3	1	-0	-0	0	2
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	0	0	1	3	3	0	-0	-1	-0	2
Provision for Tax	0	0	0	1	0	0	0	0	0	0
Profit After Tax	0	0	1	2	3	0	-0	-1	-0	2
Adjustments	0	-0	-0	0	0	-0	0	0	-0	0
Profit After Adjustments	0	0	1	2	3	0	-0	-1	-0	2
Adjusted Earnings Per Share	0.9	0.1	1.5	5.2	6.6	0.7	-1.2	-1.5	-0.2	5.5

Sreechem Resins Profit & Loss

#(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	29	31	31	24	25	28	33	30	34	73	77	44
Other Income	0	0	0	0	0	0	0	0	0	0	0	0
Total Income	29	31	31	25	25	28	33	30	35	73	77	44
Total Expenditure	27	30	30	24	25	28	32	29	32	67	74	42
Operating Profit	1	1	1	0	0	0	0	1	3	5	2	2
Interest	1	1	0	0	0	0	0	0	0	1	1	0
Depreciation	0	0	0	0	0	0	0	0	0	0	1	0
Exceptional Income / Expenses	0	0	0	0	0	-0	0	0	0	0	0	0
Profit Before Tax	0	0	0	-0	-0	-1	-0	0	2	4	1	1
Provision for Tax	0	0	0	0	-0	-0	-0	0	1	1	0	0
Profit After Tax	0	0	0	-0	-0	-1	-0	0	2	3	1	1
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	0	0	0	-0	-0	-1	-0	0	2	3	1	1
Adjusted Earnings Per Share	0.3	0.2	0.6	-0.8	-0.7	-1.3	-0.2	0.6	4.6	7.8	2	2.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	5%	37%	22%	10%
Operating Profit CAGR	-60%	26%	0%	7%
PAT CAGR	-67%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	37%	56%	64%	NA%
ROE Average	7%	23%	15%	6%
ROCE Average	10%	22%	15%	9%

Sreechem Resins Balance Sheet

#(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	6	6	7	6	6	6	5	6	8	11	11
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	2	3	1
Other Non-Current Liabilities	0	0	0	0	0	-0	-0	0	0	0	0
Total Current Liabilities	8	8	5	6	4	7	6	9	10	10	4
Total Liabilities	15	14	12	13	10	12	11	15	20	23	16
Fixed Assets	2	2	2	2	2	1	2	2	3	5	6
Other Non-Current Assets	0	0	0	0	0	0	0	1	2	1	1
Total Current Assets	12	12	10	11	8	10	9	12	15	17	9
Total Assets	15	14	12	13	10	12	11	15	20	23	16

Sreechem Resins Cash Flow

#(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	0	0	0	0	0	0	0	0	0	0	0
Cash Flow from Operating Activities	1	1	1	0	1	-0	0	1	0	1	5
Cash Flow from Investing Activities	-0	-0	0	-0	-0	-0	-0	-1	-2	-2	-1
Cash Flow from Financing Activities	-0	-1	-1	-0	-1	0	0	0	2	1	-4
Net Cash Inflow / Outflow	0	-0	-0	-0	0	-0	0	0	-0	-0	0
Closing Cash & Cash Equivalent	0	0	0	0	0	0	0	0	0	0	0

Sreechem Resins Ratios

#	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)	0.27	0.22	0.59	-0.77	-0.65	-1.33	-0.25	0.64	4.64	7.75	2.04
CEPS(Rs)	1.38	1.36	1.19	-0.17	-0.04	-0.7	0.31	1.11	5.21	8.61	3.29
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	15.71	15.93	16.52	15.75	15.1	13.77	13.52	14.16	18.79	26.55	28.59
Core EBITDA Margin(%)	3.48	3.16	2.84	0.54	0.82	0.85	1.29	3.02	8.56	6.97	2.82
EBIT Margin(%)	2.24	1.93	2.39	0.14	0.12	-1.57	0.7	2.53	8.07	6.56	2.22
Pre Tax Margin(%)	0.48	0.37	0.97	-1.11	-0.97	-2.56	-0.32	1.49	6.98	5.67	1.42
PAT Margin (%)	0.34	0.26	0.68	-1.12	-0.94	-1.84	-0.3	0.86	5.38	4.27	1.07
Cash Profit Margin (%)	1.73	1.59	1.37	-0.24	-0.05	-0.98	0.38	1.49	6.05	4.75	1.72
ROA(%)	0.74	0.6	1.8	-2.51	-2.33	-4.84	-0.85	1.97	10.78	14.39	4.1
ROE(%)	1.74	1.39	3.66	-4.76	-4.24	-9.22	-1.82	4.62	28.13	34.19	7.4
ROCE(%)	6.87	6.39	8.51	0.41	0.38	-5.53	2.75	8.49	24.77	30.51	10.27
Receivable days	65.26	54.4	31.09	37.84	43.66	46.97	48.04	71.33	90.13	48.48	32.36
Inventory Days	58.88	66.1	74.29	89.03	71.61	64.15	57.2	54.14	46.24	29.66	27.63
Payable days	53.06	47.76	32.69	41.03	39.6	40.17	44.94	66.09	86.76	35.99	17.46
PER(x)	0	0	0	0	0	0	0	0	2.21	4.17	20.39
Price/Book(x)	0	0	0	0	0	0.61	0	0	0.55	1.22	1.46
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.28	0.24	0.21	0.27	0.24	0.21	0.21	0.24	0.28	0.28	0.27
EV/Core EBITDA(x)	6.79	6.72	6.23	23.49	21.37	21.8	15.39	7.7	3.25	3.95	9.24
Net Sales Growth(%)	-3.32	7.51	1.88	-21.89	2.19	13.29	16.27	-9.65	16.02	110.43	5.53
EBIT Growth(%)	-1.47	-7.82	26.04	-95.5	-13.57	-1504.05	150.83	225.97	270.09	71.26	-64.25
PAT Growth(%)	4.13	-18.96	170.2	-229.32	14.81	-103.3	81.3	357.01	625.25	67.2	-73.67
EPS Growth(%)	4.13	-18.96	170.2	-229.31	14.81	-103.3	81.3	357.02	625.23	67.2	-73.67
Debt/Equity(x)	0.68	0.58	0.43	0.42	0.35	0.49	0.58	0.62	0.77	0.69	0.33
Current Ratio(x)	1.49	1.56	1.95	1.76	2.16	1.56	1.59	1.36	1.47	1.77	2.45
Quick Ratio(x)	0.86	0.66	0.57	0.73	0.9	0.73	0.77	0.91	1.01	1.04	1.26
Interest Cover(x)	1.27	1.24	1.68	0.11	0.11	-1.59	0.69	2.42	7.46	7.35	2.78
Total Debt/Mcap(x)	0	0	0	0	0	0.81	0	0	1.4	0.57	0.23

Sreechem Resins Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	21.01	21.01	21.01	21.02	21.02	21.02	21.02	21.02	21.04	21.04
FII	0	0	0	0	0	0	0	0	0	0
DII	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Public	78.94	78.94	78.94	78.93	78.93	78.93	78.93	78.93	78.92	78.91
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	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.32
Others	0	0	0	0	0	0	0	0	0	0
Total	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Debtor days have improved from 35.99 to 17.46days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 21.04%.

* 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.