Shervani Industrial Syndicate Ltd.

•

shervaniind.comBSE: -NSE: SHERVANI

Market Cap₹ 79 Cr.

Current Price

High / Low₹ 367 / 300

Stock P/E273.8

Book Value₹ 374

Price to Book0.99

Dividend Yield0.81 %

ROCE4.4 %

ROE4.9 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Real Estate Business: 100.0%

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Operating margins have improved to 5.7% from -48.9%
Company comfortably covers its interest (16.1x coverage)
Company has a consistent dividend-paying track record

CONS

Recent results are weak - TTM profit is down 94.2% versus prior year
A large part of profit comes from other income (85.2% of PBT)
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.32x)
Company's sales have been declining over the last five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	674.55	37.56	166972.15	1.19	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1194.45	28.93	119352.22	0.36	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	OBEROIRLTY	1880.00	25.99	68357.22	0.43	543.51	29.02	1300.89	31.73	17.69	56.75
4.	PHOENIXLTD	1887.00	52.73	67491.14	0.13	394.51	22.95	1074.94	12.80	13.70	59.77
5.	PRESTIGE	1566.50	59.24	67473.89	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
6.	GODREJPROP	1983.90	37.35	59760.32	0.50	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	587.45	36.54	21140.97	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	645.60	30.31	21063.30	0.23	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1358.75	114.75	15176.65	0.18	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1247.85	57.87	13346.23	0.48	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	777.05	10.47	10932.01	0.00	-16.53	-148.00	551.99	-36.24	5.56	-8.10
12.	SHERVANI	308.65	305.44	79.41	0.81	1.33	291.18	5.60	-36.72	3.41	13.93

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72	29	12	25	10	18	11	5	8	2	5	1	5
	52	22	10	24	10	16	10	6	8	3	5	3	4
Operating Profit	20	7	2	0	0	2	1	-0	0	-1	1	-1	1
OPM %	27.83%	24.79%	18.06%	0.45%	0.83%	10.72%	7.58%	-6.67%	0.90%	-45.00%	11.13%	-95.97%	17.17%
Other Income	0	0	3	0	0	0	0	4	1	1	1	3	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	20	7	5	0	-0	2	1	3	0	-0	1	1	2
Tax %	0.00%	0.00%	0.00%	1136.00%	-0.00%	21.00%	20.00%	16.00%	18.18%	17.86%	95.73%	176.32%	22.09%
Net Profit	20	7	5	-3	-0	2	1	2	0	-0	0	-1	1
	74	27	17	-10	-0	6	2	9	1	-1	0	-3	1
Equity Capital	3	3	3	3	3	3	3	3	3	3	3	3	3
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	28	42	87	73	87	28	4	22	138	44	14
	28	31	54	31	63	23	7	18	108	42	15
Operating Profit	1	12	34	46	26	6	-2	4	34	7	—
OPM %	4	29	39	62	29	23	-49	21	24	16	—
Other Income	1	2	2	3	1	2	1	1	4	5	6
Interest	1	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	1	1	1	1	1	1	1	1
	1	15	34	42	25	5	-3	4	33	5	4
Tax %	12	-0	27	20	21	-44	7	20	9	19	92
Net Profit	1	15	25	33	20	7	-3	3	30	4	0
EPS	0	0	79	0	0	26	-10	11	116	17	—
Dividend Payout %	0	0	107	0	3	10	-20	23	17	17	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	3	46	80	107	73	26	-10	11	116	17	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: -13%
3 Years:: 117%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -26%
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 21%
5 Years:: 10%
3 Years:: 15%
Last Year:: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	3	3	3	3	3	3	3	3	3	3
	186	196	172	151	131	131	127	122	130	127
	8	1	5	5	4	3	10	0	12	1
Trade Payables	0	0	0	2	1	1	1	1	3	1
	8	11	51	70	31	47	78	117	62	103
Total Liabilities	204	211	231	231	169	184	218	242	210	234
ASSETS	-	-	-	-	-	-	-	-	-	-
	6	6	8	9	8	8	8	7	12	10
Capital Work in Progress	0	0	0	0	0	0	0	0	2	9
	15	20	21	21	12	12	16	14	21	11
	152	134	148	152	131	142	168	195	143	145
	0	0	0	0	0	0	0	0	1	1
Cash & Bank	16	18	43	38	12	14	16	14	15	28
	15	33	12	12	7	8	11	12	16	31
Total Assets	204	211	231	231	169	184	218	242	210	234
Total Debt	8	1	7	7	5	4	10	1	31	51
Net Working Capital	173	179	155	136	117	116	111	106	120	130
Contingent Liabilities	11	11	9	9	2	29	29	29	27	26
Book Value per Share	115.90	162.42	202.14	210.88	236.32	263.05	253.14	262.16	352.62	349.91
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	15	26	25	-13	5	1	6	-9	14
Cash from Investing	1	-6	-26	9	26	-0	-5	-0	-11	-26
Cash from Financing	-3	-7	1	-31	-23	-3	6	-11	23	10
	-1	2	1	3	-9	2	1	-4	3	-2
Free Cash Flow	2	15	24	24	-13	5	1	6	-15	8
OCF / Net Profit	1.70	1.02	1.04	0.74	-0.66	0.75	-0.32	2.19	-0.29	3.16
Cumulative 5-Year FCF	0	0	0	0	51	54	40	22	-17	5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	2.97	46.12	79.69	106.89	72.61	26.04	-10.08	10.84	115.63	17.31
Book Value (₹)	115.90	162.42	202.14	210.88	236.32	263.05	253.14	262.16	352.62	349.91
Dividend per Share (₹)	0.00	0.00	85.00	0.00	2.50	2.50	2.00	2.50	20.00	3.00
Cash EPS (₹)	3.87	47.02	80.96	108.65	74.87	28.40	-7.38	13.59	118.72	22.47
PROFITABILITY
Operating Margin %	3.94%	28.70%	39.39%	62.45%	29.39%	23.05%	-48.90%	20.64%	21.48%	5.68%
Net Margin %	3.41%	36.01%	28.45%	45.58%	22.45%	25.56%	-63.36%	13.59%	21.59%	10.12%
ROE %	2.59%	33.14%	42.83%	51.76%	30.28%	10.43%	-3.91%	4.21%	36.84%	4.93%
ROCE %	3.45%	30.53%	54.90%	58.53%	35.26%	7.17%	-3.69%	4.94%	33.83%	4.42%
	0.47%	7.25%	11.23%	14.41%	9.79%	3.98%	-1.35%	1.27%	13.16%	2.01%
EFFICIENCY
Debtor Days	151	154	0	12	6	14	129	32	5	8
Inventory Days	2034	1248	589	748	590	1806	0	3075	448	1193
Payable Days	32	2	2	15	9	20	135	28	9	22
	2153	1400	586	745	588	1801	-6	3079	443	1179
FINANCIAL HEALTH
Debt to Equity (x)	0.21x	0.02x	0.11x	0.11x	0.08x	0.05x	0.15x	0.01x	0.35x	0.57x
Interest Coverage (x)	3.17x	76.55x	373.89x	211.64x	86.26x	17.98x	-26.23x	56.87x	227.01x	16.07x
	12.64x	15.18x	3.80x	2.79x	4.42x	3.34x	2.27x	1.90x	2.97x	3.29x
GROWTH
Revenue Growth %	0.00%	47.18%	109.05%	-16.28%	19.55%	-68.50%	-84.39%	401.64%	539.28%	-68.05%
Operating Profit Growth %	317.24%	973.51%	186.88%	32.73%	-43.74%	-75.29%	-133.13%	311.68%	653.67%	-78.65%
Net Profit Growth %	174.48%	1454.45%	65.13%	34.14%	-41.12%	-64.14%	-138.71%	207.57%	915.85%	-85.03%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	966.38%	-85.03%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.54x	20.06x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.49x	0.99x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.81%	0.86%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.52x	15.74x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.07	62.07	62.07	62.07	62.07	62.07	62.07	62.07	62.07
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	37.93	37.93	37.93	37.93	37.93	37.93	37.92	37.92	37.92

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for SHERVANI

Loading news…

🤖

AI Stock Analyst

Shervani Industrial Syndicate Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

DLF

674.55

37.56

166972.15

1.19

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1194.45

28.93

119352.22

0.36

1373.10

103.39

4996.70

43.10

16.89

38.51

OBEROIRLTY

1880.00

25.99

68357.22

0.43

543.51

29.02

1300.89

31.73

17.69

56.75

PHOENIXLTD

1887.00

52.73

67491.14

0.13

394.51

22.95

1074.94

12.80

13.70

59.77

PRESTIGE

1566.50

59.24

67473.89

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

GODREJPROP

1983.90

37.35

59760.32

0.50

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

587.45

36.54

21140.97

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

645.60

30.31

21063.30

0.23

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1358.75

114.75

15176.65

0.18

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1247.85

57.87

13346.23

0.48

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

777.05

10.47

10932.01

0.00

-16.53

-148.00

551.99

-36.24

5.56

-8.10

SHERVANI

308.65

305.44

79.41

0.81

1.33

291.18

5.60

-36.72

3.41

13.93

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-0

-1

OPM %

27.83%

24.79%

18.06%

0.45%

0.83%

10.72%

7.58%

-6.67%

0.90%

-45.00%

11.13%

-95.97%

17.17%

Other Income

Interest

Depreciation

-0

Tax %

0.00%

1136.00%

-0.00%

21.00%

20.00%

16.00%

18.18%

17.86%

95.73%

176.32%

22.09%

Net Profit

-3

-0

-1

-10

-0

-1

-3

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

138

108

Operating Profit

-2

—

OPM %

-49

—

Other Income

Interest

Depreciation

-3

Tax %

-0

-44

Net Profit

-3

EPS

-10

116

—

Dividend Payout %

107

-20

—

Minority Interest

Share of Associates

Adjusted EPS

107

-10

116

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

186

196

172

151

131

127

122

130

127

Trade Payables

117

103

Total Liabilities

204

211

231

169

184

218

242

210

234

ASSETS

Capital Work in Progress

152

134

148

152

131

142

168

195

143

145

Cash & Bank

Total Assets

204

211

231

169

184

218

242

210

234

Total Debt

Net Working Capital

173

179

155

136

117

116

111

106

120

130

Contingent Liabilities

Book Value per Share

115.90

162.42

202.14

210.88

236.32

263.05

253.14

262.16

352.62

349.91

Face Value

10.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-13

-9

Cash from Investing

-6

-26

-0

-5

-0

-11

-26

Cash from Financing

-3

-7

-31

-23

-3

-11

-1

-9

-4

-2

Free Cash Flow

-13

-15

OCF / Net Profit

1.70

1.02

1.04

0.74

-0.66

0.75

-0.32

2.19

-0.29

3.16

Cumulative 5-Year FCF

-17

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

2.97

46.12

79.69

106.89

72.61

26.04

-10.08

10.84

115.63

17.31

Book Value (₹)

115.90

162.42

202.14

210.88

236.32

263.05

253.14

262.16

352.62

349.91

Dividend per Share (₹)

0.00

85.00

0.00

2.50

2.00

2.50

20.00

3.00

Cash EPS (₹)

3.87

47.02

80.96

108.65

74.87

28.40

-7.38

13.59

118.72

22.47

PROFITABILITY

Operating Margin %

3.94%

28.70%

39.39%

62.45%

29.39%

23.05%

-48.90%

20.64%

21.48%

5.68%

Net Margin %

3.41%

36.01%

28.45%

45.58%

22.45%

25.56%

-63.36%

13.59%

21.59%

10.12%

ROE %

2.59%

33.14%

42.83%

51.76%

30.28%

10.43%

-3.91%

4.21%

36.84%

4.93%

ROCE %

3.45%

30.53%

54.90%

58.53%

35.26%

7.17%

-3.69%

4.94%

33.83%

4.42%

0.47%

7.25%

11.23%

14.41%

9.79%

3.98%

-1.35%

1.27%

13.16%

2.01%

EFFICIENCY

Debtor Days

151

154

129

Inventory Days

2034

1248

589

748

590

1806

3075

448

1193

Payable Days

135

2153

1400

586

745

588

1801

-6

3079

443

1179

FINANCIAL HEALTH

Debt to Equity (x)

0.21x

0.02x

0.11x

0.08x

0.05x

0.15x

0.01x

0.35x

0.57x

Interest Coverage (x)

3.17x

76.55x

373.89x

211.64x

86.26x

17.98x

-26.23x

56.87x

227.01x

16.07x

12.64x

15.18x

3.80x

2.79x

4.42x

3.34x

2.27x

1.90x

2.97x

3.29x

GROWTH

Revenue Growth %

0.00%

47.18%

109.05%

-16.28%

19.55%

-68.50%

-84.39%

401.64%

539.28%

-68.05%

Operating Profit Growth %

317.24%

973.51%

186.88%

32.73%

-43.74%

-75.29%

-133.13%

311.68%

653.67%

-78.65%

Net Profit Growth %

174.48%

1454.45%

65.13%

34.14%

-41.12%

-64.14%

-138.71%

207.57%

915.85%

-85.03%

0.00%

966.38%

-85.03%

VALUATION

P/E (x)

0.00x

4.54x

20.06x

P/B (x)

0.00x

1.49x

0.99x

Dividend Yield %

0.00%

3.81%

0.86%

0.00x

4.52x

15.74x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

62.07

FIIs

0.00

DIIs

0.00

Government

0.00

37.93

37.92

Shervani Industrial Syndicate Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Shervani Industrial Syndicate Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI