Silicon Rental Solutions Ltd - Stock Valuation and Financial Performance

BSE: 543615 | NSE: | Business Support | Small Cap

Silicon Rental Solut Share Price

150.50 -5.00 -3.22%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Silicon Rental Solut

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Silicon Rental Solutions stock performance -

mw4me loader
P/E Ratio (SA):
14.63
Market Cap:
156.1 Cr.
52-wk low:
123.3
52-wk high:
268.9

Is Silicon Rental Solutions Ltd an attractive stock to invest in?

1. Is Silicon Rental Solutions Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Silicon Rental Solutions Ltd is a average quality company.

2. Is Silicon Rental Solutions Ltd undervalued or overvalued?

The key valuation ratios of Silicon Rental Solutions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Silicon Rental Solutions Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Silicon Rental Solutions 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 Silicon Rental Solut:

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.
Silicon Rental Solutions 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'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.2%16.4%29.9%23.9%43.8%26%-
Value Creation
Index
-0.60.21.10.72.10.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6.48.412.313.824.636.336
Sales YoY Gr.-31.7%46.2%12%79%47.5%-
Adj EPS 19.6118.3407504.118.810.410.4
YoY Gr.-503%244%23.9%-96.3%-44.8%-
BVPS (₹) 178.3296.61,078.81,579.531.549.649.6
Adj Net
Profit
0.10.62.22.710.210.711
Cash Flow from Ops. 3.55.17.710.115.419-
Debt/CF from Ops. 10.70.50.51.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA41.6%43.5%47.5%
Adj EPS NA-11.9%-70.6%-44.8%
BVPSNA-22.6%-64.2%57.6%
Share Price - - - 12.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1149.859.237.979.631.421
Op. Profit
Mgn %
60.264.5657078.382.6NAN
Net Profit
Mgn %
1.77.617.919.841.329.429.4
Debt to
Equity
3.62.30.60.610-
Working Cap
Days
016715014178750
Cash Conv.
Cycle
0-1211612376680

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 43.52%

Return on Equity has declined versus last 3 years average to 21.00%

Net Profit has been subdued in last 3 years -70.56%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Silicon Rental Solutions Ltd.

Standalone Consolidated
TTM EPS (₹) 10.4 -
TTM Sales (₹ Cr.) 36.3 -
BVPS (₹.) 49.6 -
Reserves (₹ Cr.) 41 -
P/BV 3.07 -
PE 14.63 -
From the Market
52 Week Low / High (₹) 123.30 / 268.90
All Time Low / High (₹) 80.00 / 268.90
Market Cap (₹ Cr.) 156
Equity (₹ Cr.) 10.3
Face Value (₹) 10
Industry PE 43.1

Management X-Ray of Silicon Rental Solut:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Silicon Rental Solut

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6812142536
Operating Expenses 334456
Manufacturing Costs001212
Material Costs111011
Employee Cost 011111
Other Costs 222223
Operating Profit 458101930
Operating Profit Margin (%) 60.2%64.4%64.5%69.8%78.3%82.6%
Other Income 000000
Interest 000001
Depreciation 4456515
Exceptional Items 000000
Profit Before Tax 01341414
Tax 001143
Profit After Tax 01231011
PAT Margin (%) 1.9%7.6%17.6%19.7%41.5%29.4%
Adjusted EPS (₹)22.4118.3399.1500.718.910.4
Dividend Payout Ratio (%)0%0%0%0%0%10%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 12691751
Share Capital 0000110
Reserves 12691641
Minority Interest000000
Debt3445162
Long Term Debt3445132
Short Term Debt000030
Trade Payables450000
Others Liabilities 008994
Total Liabilities 91018224257

Fixed Assets

Gross Block101623325381
Accumulated Depreciation61012182642
Net Fixed Assets5611142640
CWIP 000000
Investments 000000
Inventories000000
Trade Receivables345568
Cash Equivalents 0013108
Others Assets011001
Total Assets 91018224257

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 358101519
PBT 01341011
Adjustment 4456919
Changes in Working Capital 0001-2-8
Tax Paid 00-1-1-2-3
Cash Flow From Investing Activity -4-5-7-9-21-29
Capex -4-5-7-9-21-29
Net Investments 000000
Others 000000
Cash Flow From Financing Activity 0002128
Net Proceeds from Shares 0000124
Net Proceeds from Borrowing 000213-12
Interest Paid 00000-1
Dividend Paid 000000
Others 0000-2-4
Net Cash Flow -10036-2
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.5749.8358.0337.6779.9831.43
ROCE (%)7.4222.6338.1832.259.3534.57
Asset Turnover Ratio0.720.880.880.690.770.74
PAT to CFO Conversion(x)INF543.331.51.73
Working Capital Days
Receivable Days1791451231237668
Inventory Days100000
Payable Days2,8752,7191,726000

Silicon Rental Solutions Ltd Stock News

Silicon Rental Solutions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Silicon Rental Solut on 28-Mar-2024 16:01 is ₹150.5.
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 28-Mar-2024 16:01 the market cap of Silicon Rental Solut stood at ₹156.1.
The latest P/E ratio of Silicon Rental Solut as of 28-Mar-2024 16:01 is 14.63.
The latest P/B ratio of Silicon Rental Solut as of 28-Mar-2024 16:01 is 3.07.
The 52-week high of Silicon Rental Solut is ₹268.9 and the 52-week low is ₹123.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Silicon Rental Solut is ₹36.30 ( Cr.) .

About Silicon Rental Solutions Ltd

The Company was incorporated as ‘Silicon Rental Solutions Private Limited’ under the Companies Act, 2013, pursuant to a certificate of incorporation dated January 28, 2016, issued by the ROC, Mumbai. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by the shareholders of the Company on July 06, 2022 and the name of the Company was changed from “Silicon Rental Solutions Private Limited” to “Silicon Rental Solutions Limited” vide fresh certificate of incorporation dated July 22, 2022 issued by the ROC, Mumbai.

Silicon Rental Solutions is an IT equipment outsourcing company, engaged in providing end to end IT equipments on a rental and returnable basis in India. It provides laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices etc. on rental basis mainly to small, medium and large corporate. Based on the client’s IT requirements, the company offer them tailor-made rental schemes that suit their requirements. By providing the IT rental services to its customers, it provides them with the flexibility and advantage to acquire the requisite equipments that they need to maximize their productivity without compromising their IT budget. In addition, it also sells the used IT equipments to clients as per their requirements. In Fiscal 2022, revenue generated from rental services and sale of used IT equipments represented 92.81% and 7.19% of the total revenue in such period, respectively.

The rapidly transforming technology and increased digitalization has made a robust IT infrastructure mandatory for companies to operate efficiently. Many enterprises face challenges to optimize the IT framework according to the requirements of their business due to budget limitation, lack of knowledge or other issues. It supports enterprises by providing them with the required IT products and equipments of major brands for short period of time ranging from 1 day to longer period upto 36 months based on the customer requirements. For providing seamless services to its customers and to cater its customer’s diverse requirements it carry stocks of latest models of Laptops, desktops, Servers, Mac books, and other IT equipments and also provide them the choice of equipment’s from all major brands like HP, Dell, Lenovo, Apple, Asus, Intel, AMD, Gigabyte, Sonicwall, Dlink, Cisco etc.

Business area of the company

The company is the leading provider of IT products on a rental basis in India. It provides laptops, desktops, printers, servers, networking gear and other peripherals like CCTV cameras, projectors, storage devices etc on rent to small and large scale businesses.

Key events and milestones

  • 2016: Incorporation of the Company in the name of the “Silicon Rental Solutions Private Limited”.
  • 2016-17: Crossed Revenue of Rs 5 crore.
  • 2021-22: Crossed Revenue of Rs 20 crore.
  • 2022: Conversion of Company from Private Limited to Public Limited.
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