Shree Rama Multi-Tech Ltd - Stock Valuation and Financial Performance

BSE: 532310 | NSE: SHREERAMA | Plastic Products | Small Cap

Shree RamaMulti-Tech Share Price

23.98 0.43 1.83%
as on 26-Apr'24 16:01

DeciZen - make an informed investing decision on Shree RamaMulti-Tech

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Shree Rama Multi-Tech stock performance -

mw4me loader
P/E Ratio (SA):
30.75
Market Cap:
319.9 Cr.
52-wk low:
9.6
52-wk high:
35.5

Is Shree Rama Multi-Tech Ltd an attractive stock to invest in?

1. Is Shree Rama Multi-Tech Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shree Rama Multi-Tech Ltd is a average quality company.

2. Is Shree Rama Multi-Tech Ltd undervalued or overvalued?

The key valuation ratios of Shree Rama Multi-Tech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Shree Rama Multi-Tech Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shree Rama Multi-Tech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shree RamaMulti-Tech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shree Rama Multi-Tech Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.3%-2.4%4.5%2%0.5%-0.3%17.2%4.2%-4.4%5.6%-
Value Creation
Index
-0.9-1.2-0.7-0.9-1.0-1.00.2-0.7-1.3-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 105108107121122117131136150196177
Sales YoY Gr.-2.4%-1%13.3%1.2%-4.2%11.5%3.8%10.7%30.6%-
Adj EPS -0.3-1.20.2-0.3-0.4-0.42.20.5-0.70.70.8
YoY Gr.-NANA-220.8%NANANA-77.8%-238.8%NA-
BVPS (₹) 0.30.11.51.30.90.53.43.93.44.17.4
Adj Net
Profit
-2.4-8.31.7-2.1-2.6-3163.5-4.95.110
Cash Flow from Ops. 15.115.57.916.69.212.914.90.8-10.82.7-
Debt/CF from Ops. 10.39.4167.511.88.15.289.3-7.330.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%9.9%14.5%30.6%
Adj EPS NANA-31.8%NA
BVPS33.7%36%6.4%20.9%
Share Price 21.2% 35.5% 36.7% 132.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
30.9-101.513.7-15.4-33.2-61.6114.113.4-18.618.613.5
Op. Profit
Mgn %
12.68.414.111.78.76.913.18.81.37.49.1
Net Profit
Mgn %
-2.3-7.71.6-1.7-2.1-2.612.22.6-3.32.65.9
Debt to
Equity
17.519.4713.616.830.93.12.53.22.8-
Working Cap
Days
16916417115917120116914114813972
Cash Conv.
Cycle
101103104961071148984989646

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 13.50%

Sales growth is growing at healthy rate in last 3 years 14.47%

Debt to equity has declined versus last 3 years average to 2.77

Net Profit has been subdued in last 3 years -31.83%

Sales growth is not so good in last 4 quarters at -2.19%

Latest Financials - Shree Rama Multi-Tech Ltd.

Standalone Consolidated
TTM EPS (₹) 0.8 -
TTM Sales (₹ Cr.) 177 -
BVPS (₹.) 7.4 -
Reserves (₹ Cr.) 33 -
P/BV 3.22 -
PE 30.75 -
From the Market
52 Week Low / High (₹) 9.58 / 35.51
All Time Low / High (₹) 2.13 / 106.75
Market Cap (₹ Cr.) 320
Equity (₹ Cr.) 66.7
Face Value (₹) 5
Industry PE 37.3

Management X-Ray of Shree RamaMulti-Tech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shree RamaMulti-Tech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales105108107121122117131136150196
Operating Expenses 929992107112109114124148182
Manufacturing Costs18201819212021212325
Material Costs576053656766667898128
Employee Cost 10111213131415151617
Other Costs 7891011911101113
Operating Profit 13915141181712215
Operating Profit Margin (%) 12.4%8.3%14.1%11.5%8.7%6.9%13.1%8.7%1.3%7.4%
Other Income 5221100000
Interest 6677543111
Depreciation 211614121199876
Exceptional Items 490130005000
Profit Before Tax 40-119-4-4-4113-57
Tax 7-3-2-1-1-1-10002
Profit After Tax 33-811-2-3-3213-55
PAT Margin (%) 31.6%-7.6%10.3%-1.7%-2.1%-2.6%16.1%2.5%-3.3%2.6%
Adjusted EPS (₹)4.6-1.11.5-0.3-0.4-0.42.90.5-0.70.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 981896325282530
Share Capital 38383832323232323232
Reserves -30-31-21-23-25-28-7-3-7-2
Minority Interest0000000000
Debt155146126112969368707982
Long Term Debt103144109103928068686868
Short Term Debt523178413011114
Trade Payables5781091412121314
Others Liabilities 27232030283416697
Total Liabilities 196184172161140145121116126133

Fixed Assets

Gross Block455456458460456450451451449450
Accumulated Depreciation329347361371378375384390395400
Net Fixed Assets1271099789787567605450
CWIP 0131000000
Investments 0000000000
Inventories24222220212625213235
Trade Receivables18182326262319232838
Cash Equivalents 14231314202201
Others Assets151214111320881110
Total Assets 196184172161140145121116126133

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1516817913151-113
PBT 33-89-4-4-4114-57
Adjustment -191819181613-1878
Changes in Working Capital -76-72-256-11-13-13
Tax Paid 8000000001
Cash Flow From Investing Activity 0-2-2-110-713-12-4
Capex -1-3-3-20616-10-4
Net Investments 00009-13-3020
Others 1111100000
Cash Flow From Financing Activity -13-4-14-16-20-6-28092
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-6-7000-12000
Interest Paid -5-6-7-7-5-4-3-1-1-1
Dividend Paid 0000000000
Others -880-9-16-3-131103
Net Cash Flow 29-80-100001
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)0-546.32182.56-20.79-33.17-61.9150.3912.99-18.6318.57
ROCE (%)30.74-2.7610.862.370.43-0.5512.994.32-4.237.9
Asset Turnover Ratio0.570.630.660.80.830.830.991.151.251.52
PAT to CFO Conversion(x)0.45N/A0.73N/AN/AN/A0.710.33N/A0.6
Working Capital Days
Receivable Days49546468767758566261
Inventory Days72706858607472626563
Payable Days37375452546572564639

Shree Rama Multi-Tech Ltd Stock News

Shree Rama Multi-Tech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shree RamaMulti-Tech on 26-Apr-2024 16:01 is ₹23.98.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Apr-2024 16:01 the market cap of Shree RamaMulti-Tech stood at ₹319.9.
The latest P/E ratio of Shree RamaMulti-Tech as of 26-Apr-2024 16:01 is 30.75.
The latest P/B ratio of Shree RamaMulti-Tech as of 26-Apr-2024 16:01 is 3.22.
The 52-week high of Shree RamaMulti-Tech is ₹35.51 and the 52-week low is ₹9.58.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree RamaMulti-Tech is ₹177.5 ( Cr.) .

About Shree Rama Multi-Tech Ltd

From a modest beginning in 1986-87 with a simple extrusion coating line involving a small investment, Shree Rama Multi-Tech (SRMTL) has grown into an international scale organization offering state-of-the-art packaging solutions to a large customer base.

Shree Rama Multi Tech Ltd. (India) as one of the largest manufacturers of flexible packaging materials in global horizon. SRMTL has set up integrated hi-tech production facilities, with an investment of US $ 110 million. It is  an ISO 9001-2000 company having state of the art plant and machinery and technology and a leading player in the global arena.

SRMTL is a complete solution provider to packaging needs of consumer industry, supported by latest technology, intense R & D and vast experience in the industry, the company has attained highest quality standards. The packaging support from SRMTL adds tremendous value and appeal to products.

The company has invested in the most modern plastic process technologies and is one of the largest integrated facilities for laminated and plastic tubes in the world. Their activities manifest their concern for careful attention to the minutest requirements of their valued customers. They strongly believe that they must live up to the expectations of their customers and provide them with superior quality and advanced packaging products, comparable with international standards. This has helped them build a strong relationship base which is the backbone of their organization. 

The future growth of the company is being propelled through the development of new products and creation of new markets, both domestic and international. 

SRMTL is one of the largest producers of laminated tubes, monolayer & multi-layer tubes for toothpaste, shaving cream & beauty cream and ointment, epoxy, adhesives, self adhesive labels, flexible and tube laminates (for toothpaste), specialty laminates, paper cups & HIPS cups, and Tarpaulin. The prestigious clients list for the world class packaging materials in FMCG pharmaceutical & cosmetics companies in domestic (Like HLL, EMAMI, DABUR, VICCO, HIMALAYA, RANBAXY, CIPLA, CHOICE, J.K.HELEN ETC.) and UNILEVER & STS Holdings in International markets.

The company is having technical alliances with :

  • Multilayer Film - Reifenhauser, Germany
  • Extrusion Coating - Davis Standard  / ER-WE-PA
  • Laminated Web - Fujimori Kogyo, Japan
  • Printing - Taiyo Kikai, Japan
  • Laminated Tubes - AISA, Switzerland
  • Paper Cups - PMC, USA

Product range of the company includes:

  • Monolayer Tubes
  • Multilayer Tubes
  • Cups
  • Labels
  • Tarpaulin
  • Multilayer films
  • Plastic lamination
  • Injectrion Moulding

Clientele:

  • Ajanta India Limited
  • Asociated Breweries & Distilleries Pvt. Ltd.
  • Bajaj Consumer Care
  • Balsara Hygiene Products Ltd
  • Beauty Cosmetics (Cavin Care    Limited)
  • Coco Cola India
  • Cormier Textiles Pdts.Inc.(USA)
  • Core HealthCare Ltd
  • Dabur India Ltd
  • D & D International (USA)
  • Elf Lubricants India Ltd
  • Emami Ltd
  • Falcon Exports (Dubai)
  • Fujimori (Japan)
  • Geoffrey Manners & Co. Ltd
  • Gujarat Co-Op. Milk Marketing Federation Ltd.
  • Hatsun Foods
  • Havmor
  • Hindustan Lever Ltd
  • J. L. Morrison (India) Ltd
  • Kodak (India) Ltd
  • Mc Donalds
  • Nectar Ltd. (UK)
  • Nirma Chemical Works Ltd.
  • Oriflame
  • Poly-Pack Ind. Inc. (USA)
  • Procter & Gamble
  • Pure Ice-Cream Co. Ltd.    (U.A.E)
  • Rasna Pvt Ltd
  • Reckitt & Colman India Ltd.
  • Shaw Wallace & Company Ltd
  • S. R. Packaging (S. Africa)
  • The Himalaya Drug Co.
  • United Breweries Ltd.
  • Vadilal
  • Vicco Laboratories
  • Western Railways
  • Zydus Cadilla

Achievements/ recognition

  • It is  an ISO 9001-2000 certified company
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