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Shirpur Gold Refinery Ltd Stock Analysis

Small Cap
Evaluated by 258 users | BSE: 512289 | NSE: SHIRPUR-G |
Metal - Non Ferrous
Shirpur Gold Refinery (SGRL) incorporated in 1984, has set up a greenfield precious metal refinery with installed capacity to refine 217 MT per annum. of gold and silver respectively at Shirpur in Maharashtra. This world-class refinery has the technical capability to refine and fabricate...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed -7.07%-1.61%8.69%10.06%12.42%7.06%4.71%2.84%2.68%-18.75%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1982,5554,0471,7443,2213,8951,6991,9541,895541
Y-o-Y Gr. Rt.-1190.3%58.4%-56.9%84.7%20.9%-56.4%15%-3%-71.5%
Adjusted EPS (Rs.) -7.6-5.020.332.035.294.011.661.041.41-50.61
Y-o-Y Gr. Rt.-NANA515.2%160.6%-24.2%-58.6%-37.4%35.6%-3689.4%
Book Value per Share (Rs.) 84.7579.6780.3282.2587.27110.91113.75114.77115.7165.07
Adjusted Net Profit -22.2-14.615.915.411.74.834.1-147
Net Op. Cash Flow (Rs. Cr.) -12.230.156.728.977.8-86.4205177-58.235.2
Debt to Cash Flow from Ops -3.711.881.244.282.34-7.562.261.64-6.799.73
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Shirpur Gold Refinery Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.8%-30%-31.7%-71.5%
Adjusted EPS NA-257.1%-412.4%-3689.4%
Book Value per Share -2.9-5.7-17-43.8
Share Price -25% -33.3% -62.6% -27.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -8.58-6.10.422.486.24.021.470.911.22-55.58
Operating Profit Margin (%) -3.20.411.173.272.4421.751.721.7-18.82
Net Profit Margin (%) -11.19-0.570.020.340.480.30.280.160.22-27.28
Debt to Equity 0.180.240.30.520.722.021.40.871.171.8
Working Capital Days 6825308556601479778262
Cash Conversion Cycle 11-13-20-52-1716776057198
Entity Percentage Holding
Promoters 43.66%
Institutions 2.20%
Non-Institutions 54.14%
Pledged *23.6023.6036.2146.6146.2539.3139.3139.3139.3139.31
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Shirpur Gold Refinery Ltd's performance infers:

Shirpur Gold Refinery Ltd earnings have declined by -257.1%, whereas share price has depreciated -33.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Shirpur Gold Refinery Ltd share prices over the last 10 years. Here is what we found out:

Shirpur Gold Refinery Ltd share price has depreciated -23.5% annually over the past ten years.

Shirpur Gold Refinery (SGRL) incorporated in 1984, has set up a greenfield precious metal refinery with installed capacity to refine 217 MT per annum. of gold and silver respectively at Shirpur in Maharashtra.

This world-class refinery has the technical capability to refine and fabricate gold and silver up to 999.9 fineness. The company has procured and installed proven refinery technology and equipment.

The technical and other personnel are trained for operations and day-to-day

Shirpur Gold Refinery (SGRL) incorporated in 1984, has set up a greenfield precious metal refinery with installed capacity to refine 217 MT per annum. of gold and silver respectively at Shirpur in Maharashtra.

This world-class refinery has the technical capability to refine and fabricate gold and silver up to 999.9 fineness. The company has procured and installed proven refinery technology and equipment.

The technical and other personnel are trained for operations and day-to-day maintenance of the plant. The technology and operating systems are fully absorbed.

The company also operates a wholly-owned subsidiary Kala Kosh Auctions Private Limited (KKAPL). SGRL had acquired Jayneer Capital Private Limited and transferred the same to KKAPL

The shares of the company are listed on Bombay Stock Exchange and National Stock Exchange.

In order to facilitate secured logistics, SGRL has its own airstrip with night landing facilities. It has established an all-India dealer network for effective distribution.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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