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Shreno Ltd. Stock Analysis

Small Cap
Evaluated by 8 users | BSE: 502207 | NSE: |
Diversified
Shreno, formerly known as Alembic Glass Industries, was incorporated in 1944 at Baroda. The main objective of the company is to manufacture glass and glass products. Its products include drinking glasses, tumblers, bowls, plates, juice / beer mugs, coffee / tea mugs, cup-saucers, casserole...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 20.12%0.72%0.27%6.41%1.26%2.88%5.02%1.98%2.17%6.77%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 204113129187130125163210233411
Y-o-Y Gr. Rt.--44.6%13.9%45.8%-30.6%-4%30.6%28.7%11%76.4%
Adjusted EPS (Rs.) 82.44-8.01-12.717.86-8.2511.122940.1454.47128.62
Y-o-Y Gr. Rt.--109.7%NANA-205%NA160.8%38.4%35.7%136.1%
Book Value per Share (Rs.) 216.62208.7283.7199.13562.49193.24222.293,172.432,637.61342.75
Adjusted Net Profit 24.8-2.4-3.87.1-3.7513.118.132.463.4
Net Op. Cash Flow (Rs. Cr.) 43.734.8-12.16.9-96.622.145.831220
Debt to Cash Flow from Ops 11.3-4.969.37-10.8912.933.133.014.720
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.
Shreno Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.1%25.9%36.1%76.4%
Adjusted EPS 5.1%NA64.3%136.1%
Book Value per Share 5.2-9.415.5-87
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 31.43-2.41-3.596.67-1.991.844.571.92.047.3
Operating Profit Margin (%) 14.163.313.288.976.0410.2913.3210.517.8224.12
Net Profit Margin (%) 12.15-2.13-2.973.78-2.864.0188.6113.915.43
Debt to Equity 0.520.560.580.60.370.310.240.090.090
Working Capital Days 203305334245571871699530479196
Cash Conversion Cycle 45129197143436756597460399140
Entity Percentage Holding
Promoters 94.76%
Institutions 0.02%
Non-Institutions 5.21%
Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Shreno, formerly known as Alembic Glass Industries, was incorporated in 1944 at Baroda. The main objective of the company is to manufacture glass and glass products. Its products include drinking glasses, tumblers, bowls, plates, juice / beer mugs, coffee / tea mugs, cup-saucers, casserole bowls, plates, ice-cream cups, pudding sets, dinner sets, crystal bowls, lemon sets, storage jars, jugs, and gift-sets. Alembic`s factories are located in Bangalore and Baroda and have an

Shreno, formerly known as Alembic Glass Industries, was incorporated in 1944 at Baroda. The main objective of the company is to manufacture glass and glass products. Its products include drinking glasses, tumblers, bowls, plates, juice / beer mugs, coffee / tea mugs, cup-saucers, casserole bowls, plates, ice-cream cups, pudding sets, dinner sets, crystal bowls, lemon sets, storage jars, jugs, and gift-sets. Alembic`s factories are located in Bangalore and Baroda and have an installed capacity for producing 120,000 tpa of glass. Alembic Exports is a wholly owned subsidiary of Alembic Glass.

The company sells its products under the brand names 'Yera' and 'YeraOpal'. Yera range of transparent glassware consists of tumblers, storage jars, jugs, bowls, casserole bowls, beer/juice mugs, coffee/tea mugs, cup-saucers, ice-cream cups, plates, rice plates and gift sets.

During the year 1990-1991, the company successfully commissioned the regenerative furnace. During the year, 1991-1992, the company developed impact resistant glass and new mould metals. During the year 1998-99, the company developed various types of coloured, transparent and coloured opaque glass.

During the year 1999-2000, the company successfully launched new Yera Opal and introduced various new shapes with contemporary designs in tumblers, bowles, mugs, and cup-saucers. During the year 2000-2001, the company developed new method of manufacturing of mugs and tumblers resulting in lightweight ware with better finish. Also, the company launched new mugs, bowles and tumblers.

During the year 2001-2002, the company developed new designs of bowles, plates and water jugs. During the year 2002-2003, the company developed contemporary shapes and designs of tumblers, bowles, plated and water jugs. Also, it introduced a special product called 'Handi'. During the year 2004-2005, the company developed the new pressed - ware technology. During the year 2006-2007,

Shreno amalgamated with the company with effect from April 1, 2006 and the company name was changed from Alembic Glass Industries to Shreno. During the year 2007-2008, the company commenced real estate business and part of the land converted as stock in trade and in the same year, the company improved in overall glass defects.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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