Sreechem Resins Ltd - Stock Valuation and Financial Performance

BSE: 514248 | NSE: | Chemicals | Small Cap

Sreechem Resins Share Price

76.20 -3.80 -4.75%
as on 23-Apr'24 15:40

DeciZen - make an informed investing decision on Sreechem Resins

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Sreechem Resins stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
30.5 Cr.
52-wk low:
34.7
52-wk high:
93.3

Is Sreechem Resins Ltd an attractive stock to invest in?

1. Is Sreechem Resins Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sreechem Resins Ltd is a below average quality company.

2. Is Sreechem Resins Ltd undervalued or overvalued?

The key valuation ratios of Sreechem Resins Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Sreechem Resins Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sreechem Resins 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 Sreechem Resins:

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.
Sreechem Resins Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.5%5.6%-0.7%-0.6%0%1.7%5.4%18.9%22.8%7.5%-
Value Creation
Index
-0.7-0.6-1.1-1.0NA-0.9-0.60.40.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 30.731.324.42528.332.929.734.572.576.543
Sales YoY Gr.-1.9%-21.9%2.2%13.3%16.3%-9.6%16%110.4%5.5%-
Adj EPS 0.20.5-0.8-0.7-0.5-0.20.74.67.82-0.2
YoY Gr.-127.3%-252%NANANANA603%67%-73.7%-
BVPS (₹) 15.916.515.815.113.813.514.218.826.628.632.4
Adj Net
Profit
0.10.2-0.3-0.3-0.2-0.10.31.93.10.80
Cash Flow from Ops. 11.30.50.9-0.30.20.90.314.7-
Debt/CF from Ops. 3.82.35.72.3-8.313.73.921.37.30.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.7%22%37.1%5.5%
Adj EPS 28.1%NA45.7%-73.7%
BVPS6.7%15.7%26.4%7.7%
Share Price - 65.3% 74.9% 26.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.43.1-4.7-4.2-3.4-1.74.828.234.27.4-0.7
Op. Profit
Mgn %
3.53.20.60.90.91.33.18.672.82.5
Net Profit
Mgn %
0.30.6-1.3-1-0.7-0.30.95.44.31.1-0.2
Debt to
Equity
0.60.40.40.40.50.60.60.80.70.3-
Working Cap
Days
129115136122117111132144816553
Cash Conv.
Cycle
8076918377697370494625

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 37.08%

Debt to equity has declined versus last 3 years average to 0.33

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -24.30%

Latest Financials - Sreechem Resins Ltd.

Standalone Consolidated
TTM EPS (₹) -0.2 -
TTM Sales (₹ Cr.) 42.6 -
BVPS (₹.) 32.4 -
Reserves (₹ Cr.) 9 -
P/BV 2.35 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 34.68 / 93.25
All Time Low / High (₹) 3.25 / 218.75
Market Cap (₹ Cr.) 30.5
Equity (₹ Cr.) 4
Face Value (₹) 10
Industry PE 49.4

Management X-Ray of Sreechem Resins:

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 Sreechem Resins

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
Sales30.6931.2724.4224.9628.2832.8829.7134.4772.5376.53
Operating Expenses 29.6130.2824.2824.7328.0332.4528.8131.5267.4774.38
Manufacturing Costs2.171.781.712.152.233.523.754.406.947.05
Material Costs25.3426.5920.8520.4023.7526.7121.9723.5054.8859.15
Employee Cost 0.980.990.790.951.031.021.522.522.372.75
Other Costs 1.120.930.921.231.021.201.581.103.295.43
Operating Profit 1.080.990.150.230.240.420.902.955.062.15
Operating Profit Margin (%) 3.5%3.2%0.6%0.9%0.9%1.3%3.0%8.6%7.0%2.8%
Other Income 0.030.080.130.050.030.030.040.060.050.05
Interest 0.530.490.340.300.280.340.310.370.650.61
Depreciation 0.460.240.240.250.250.220.190.230.340.50
Exceptional Items 0000-0.4800000
Profit Before Tax 0.130.34-0.30-0.27-0.74-0.100.442.414.111.09
Tax 0.040.100-0.01-0.21-0.010.190.551.010.27
Profit After Tax 0.090.24-0.31-0.26-0.53-0.100.261.853.100.82
PAT Margin (%) 0.3%0.8%-1.3%-1.0%-1.9%-0.3%0.9%5.4%4.3%1.1%
Adjusted EPS (₹)0.20.6-0.8-0.7-1.3-0.30.64.67.82.0
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 6.376.616.306.045.515.415.667.5210.6211.43
Share Capital 4444444444
Reserves 2.372.612.302.041.511.411.663.526.627.43
Minority Interest0000000000
Debt3.642.782.612.102.693.133.505.767.313.78
Long Term Debt0.050.010.050.010001.842.960.89
Short Term Debt3.592.782.572.082.693.133.503.924.352.89
Trade Payables3.131.643.051.383.852.735.235.944.880.78
Others Liabilities 1.320.870.650.380.03-0.020.270.510.560.40
Total Liabilities 14.4611.9012.619.9012.0811.2514.6619.7323.3716.40

Fixed Assets

Gross Block8.908.838.959.059.109.329.7910.7213.7015.25
Accumulated Depreciation6.746.907.137.387.637.807.998.228.569.06
Net Fixed Assets2.151.921.821.671.471.521.802.505.146.19
CWIP 000000.060.511.980.970.01
Investments 0.030.030.060.030.030.030.020.020.020.03
Inventories7.117.066.304.675.474.843.974.767.034.56
Trade Receivables4.031.903.782.914.514.147.479.559.713.86
Cash Equivalents 0.200.170.120.160.120.140.270.080.070.09
Others Assets0.940.820.530.450.490.520.620.830.431.67
Total Assets 14.4611.9012.619.9012.0811.2514.6619.7323.3716.40

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.971.260.460.91-0.320.230.900.2714.71
PBT 0.130.34-0.30-0.27-0.74-0.100.442.414.111.09
Adjustment 0.930.640.410.500.510.540.450.540.941.07
Changes in Working Capital 0.010.380.350.69-0.09-0.20.11-2.24-3.073.37
Tax Paid -0.10-0.110-0.010-0.01-0.10-0.44-0.99-0.81
Cash Flow From Investing Activity -0.130.06-0.16-0.09-0.04-0.34-0.92-2.40-1.96-0.60
Capex -0.130.06-0.13-0.10-0.05-0.35-0.92-2.41-1.96-0.60
Net Investments 00-0.030000000
Others 0000.010.010.010.01000
Cash Flow From Financing Activity -1.06-1.34-0.35-0.770.330.130.151.950.95-4.10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.59-0.87-0.18-0.03-0.010001.120
Interest Paid -0.51-0.49-0.31-0.30-0.28-0.34-0.31-0.37-0.65-0.61
Dividend Paid 0000000000
Others 0.030.020.14-0.440.630.460.462.320.47-3.48
Net Cash Flow -0.22-0.02-0.050.04-0.040.020.13-0.19-0.010.02
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.393.66-4.76-4.24-9.22-1.824.6228.1334.197.4
ROCE (%)6.398.510.410.38-5.532.758.4924.7730.5110.27
Asset Turnover Ratio2.322.642.232.492.622.822.2923.373.85
PAT to CFO Conversion(x)10.785.25N/AN/AN/AN/A3.460.150.325.74
Working Capital Days
Receivable Days54313844474871904832
Inventory Days66748972645754463028
Payable Days48334140404566873617

Sreechem Resins Ltd Stock News

Sreechem Resins Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sreechem Resins on 23-Apr-2024 15:40 is ₹76.20.
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 23-Apr-2024 15:40 the market cap of Sreechem Resins stood at ₹30.48.
The latest P/E ratio of Sreechem Resins as of 23-Apr-2024 15:40 is 0.00.
The latest P/B ratio of Sreechem Resins as of 23-Apr-2024 15:40 is 2.35.
The 52-week high of Sreechem Resins is ₹93.25 and the 52-week low is ₹34.68.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sreechem Resins is ₹42.56 ( Cr.) .

About Sreechem Resins Ltd

Sreechem Resins Ltd. is a leading manufacturer of Magnesia Carbon Refractory, Alumina Carbon Refractory, Dolomite Refractory, Continuous Casting Refractory. Over the last 18 years the company has consolidated its position as a market leader in Refractory Resin. With the upswing of the Steel manufacturing industries in the country, the requirement of specialty refractories, as mentioned above, will automatically go up. In turn, the supply of its Resin to the refractory industries, who are catering to the requirement of Steel Plants, will also go up substantially. Since, the number of competitors in this field is very limited, it is expected that, order booking on the company, will be continuous for next few years.

The Company is managed by a Board of Directors comprising of persons with long experience in business and industry. The day to day management is being looked after by Sri S. N. Kabra, Managing Director and he is being ably assisted by an experienced professional in the respective field. Sri Binod Sharma is the Jt. Managing Director, who handles the technical services and marketing and also the R&D activities.

Business area of the company

The company manufacturers maximum quantity of Synthetic PF Resins viz, Novolak Resin and Resol Resin, both in Liquid and Powder Form. State of the art infrastructure, precision testing facilities and a well equipped R&D cell ensure that the manufactured resins are of the highest quality and are in par with international standards.


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