Sharat Industries Ltd.

165.281.95%

2026-08-21

sharatindustries.comBSE: 519397NSE: SHINDL
Market Cap₹ 646 Cr.
Current Price₹ 162
High / Low₹ 180 / 131
Stock P/E38.4
Book Value₹ 41
Price to Book2.09
Dividend Yield0.00 %
ROCE11.9 %
ROE9.0 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Promoters have been increasing their shareholding - up 6.1pp over 2 years
  • Attractively priced for its growth - PEG of 0.9
  • Company converts assets efficiently - asset turnover of 1.6x

CONS

  • Operating cash flow has been negative in recent years
  • Receivables are growing faster than sales - a possible quality concern
  • Company has a low return on equity of 8.3% over last 3 years
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.45x)
  • Company has a low return on capital employed of 11.0%

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.APEX401.650.001255.160.6221.66138.08256.53-0.632.4611.79
2.SHINDL164.7038.41645.860.006.2816.95120.304.4311.8910.78
3.WATERBASE48.920.00202.660.001.19136.13121.4939.42-10.642.77
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
80
74
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
1
2
Tax %
27.71%
Net Profit
0
1
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
97
90
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
1
4
Tax %
28.32%
Net Profit
0
1
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
61
56
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
1
1
Tax %
25.41%
Net Profit
0
0
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
65
61
Operating Profit
OPM %
Other Income
-0
Interest
2
Depreciation
1
0
Tax %
-1066.67%
Net Profit
0
0
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
90
82
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
1
4
Tax %
27.90%
Net Profit
3
1
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
100
91
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
1
5
Tax %
31.37%
Net Profit
4
2
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
96
89
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
1
4
Tax %
27.40%
Net Profit
3
1
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
24
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
94
90
Operating Profit
OPM %
Other Income
1
Interest
3
Depreciation
1
1
Tax %
26.03%
Net Profit
1
0
Equity Capital
38
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
38
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
115
104
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
1
7
Tax %
27.82%
Net Profit
5
1
Equity Capital
38
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
38
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
150
138
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
1
8
Tax %
30.38%
Net Profit
6
1
Equity Capital
39
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
143
133
Operating Profit
OPM %
Other Income
2
Interest
3
Depreciation
1
7
Tax %
29.15%
Net Profit
5
1
Equity Capital
39
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
117
114
Operating Profit
OPM %
Other Income
1
Interest
3
Depreciation
1
0
Tax %
62.50%
Net Profit
0
0
Equity Capital
39
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
39
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
1,203
1,114
Operating Profit
OPM %
Other Income
-1
Interest
28
Depreciation
13
89
Tax %
29.12%
Net Profit
63
2
Equity Capital
392
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
392
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
247
233
Operating Profit
15
OPM %
6
Other Income
1
Interest
6
Depreciation
4
5
Tax %
23
Net Profit
3
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2023
333
314
Operating Profit
22
OPM %
7
Other Income
3
Interest
9
Depreciation
4
9
Tax %
28
Net Profit
6
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2024
302
281
Operating Profit
22
OPM %
7
Other Income
1
Interest
10
Depreciation
5
8
Tax %
23
Net Profit
6
EPS
2
Dividend Payout %
10
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2025
381
352
Operating Profit
30
OPM %
8
Other Income
2
Interest
11
Depreciation
5
14
Tax %
29
Net Profit
10
EPS
3
Dividend Payout %
10
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
TTM
530
496
Operating Profit
OPM %
Other Income
3
Interest
12
Depreciation
5
24
Tax %
30
Net Profit
17
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
15%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
43%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
8%
Last Year:
9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Sep 19

₹ 0.02

Rs.0.2500 per share(2.5%)Final Dividend

2023

Nov 24

₹ 0.02

Rs.0.2500 per share(2.5%)Interim Dividend

Mar 2022
Equity Capital
24
46
71
Trade Payables
13
32
Total Liabilities
186
46
Capital Work in Progress
3
55
0
Cash & Bank
6
77
Total Assets
186
Total Debt
89
Net Working Capital
34
Contingent Liabilities
4
Book Value per Share
29.42
Face Value
10.00
Total Debt
89
Net Working Capital
34
Contingent Liabilities
4
Book Value per Share
29.42
Face Value
10.00
Mar 2023
Equity Capital
24
55
73
Trade Payables
16
30
Total Liabilities
198
49
Capital Work in Progress
1
55
0
Cash & Bank
12
80
Total Assets
198
Total Debt
89
Net Working Capital
39
Contingent Liabilities
17
Book Value per Share
32.89
Face Value
10.00
Total Debt
89
Net Working Capital
39
Contingent Liabilities
17
Book Value per Share
32.89
Face Value
10.00
Mar 2024
Equity Capital
24
60
83
Trade Payables
12
25
Total Liabilities
204
46
Capital Work in Progress
2
67
57
Cash & Bank
5
28
Total Assets
204
Total Debt
96
Net Working Capital
44
Contingent Liabilities
16
Book Value per Share
35.10
Face Value
10.00
Total Debt
96
Net Working Capital
44
Contingent Liabilities
16
Book Value per Share
35.10
Face Value
10.00
Mar 2025
Equity Capital
38
99
104
Trade Payables
16
23
Total Liabilities
279
43
Capital Work in Progress
2
75
97
Cash & Bank
26
36
Total Assets
279
Total Debt
113
Net Working Capital
98
Contingent Liabilities
13
Book Value per Share
35.95
Face Value
10.00
Total Debt
113
Net Working Capital
98
Contingent Liabilities
13
Book Value per Share
35.95
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
2
Cash from Investing
-8
Cash from Financing
9
3
Free Cash Flow
2
OCF / Net Profit
0.53
Cumulative 5-Year FCF
0
OCF / Net Profit
0.53
Cumulative 5-Year FCF
0
Mar 2023
17
Cash from Investing
-6
Cash from Financing
-7
4
Free Cash Flow
11
OCF / Net Profit
2.67
Cumulative 5-Year FCF
0
OCF / Net Profit
2.67
Cumulative 5-Year FCF
0
Mar 2024
-2
Cash from Investing
-2
Cash from Financing
-4
-7
Free Cash Flow
-3
OCF / Net Profit
-0.28
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.28
Cumulative 5-Year FCF
0
Mar 2025
-26
Cash from Investing
-2
Cash from Financing
48
20
Free Cash Flow
-28
OCF / Net Profit
-2.58
Cumulative 5-Year FCF
0
OCF / Net Profit
-2.58
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
1.43
Book Value (₹)
29.42
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.37
Operating Margin %
5.96%
Net Margin %
1.39%
ROE %
4.92%
ROCE %
6.90%
1.86%
Debtor Days
83
Inventory Days
80
Payable Days
26
137
Debt to Equity (x)
1.27x
Interest Coverage (x)
1.69x
1.35x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
2.67
Book Value (₹)
32.89
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.48
Operating Margin %
6.71%
Net Margin %
1.94%
ROE %
8.72%
ROCE %
11.08%
3.38%
Debtor Days
62
Inventory Days
60
Payable Days
21
100
Debt to Equity (x)
1.14x
Interest Coverage (x)
1.99x
1.39x
Revenue Growth %
34.61%
Operating Profit Growth %
50.85%
Net Profit Growth %
87.78%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
2.46
Book Value (₹)
35.10
Dividend per Share (₹)
0.25
Cash EPS (₹)
3.43
Operating Margin %
7.09%
Net Margin %
1.94%
ROE %
7.23%
ROCE %
10.00%
2.92%
Debtor Days
68
Inventory Days
73
Payable Days
22
119
Debt to Equity (x)
1.14x
Interest Coverage (x)
1.79x
1.42x
Revenue Growth %
-9.14%
Operating Profit Growth %
-1.58%
Net Profit Growth %
-9.58%
-7.88%
P/E (x)
13.32x
P/B (x)
1.20x
Dividend Yield %
0.59%
8.67x
Mar 2025
EPS (₹)
2.61
Book Value (₹)
35.95
Dividend per Share (₹)
0.25
Cash EPS (₹)
3.88
Operating Margin %
7.49%
Net Margin %
2.61%
ROE %
9.03%
ROCE %
11.89%
4.12%
Debtor Days
74
Inventory Days
68
Payable Days
18
123
Debt to Equity (x)
0.83x
Interest Coverage (x)
2.22x
1.76x
Revenue Growth %
25.94%
Operating Profit Growth %
37.40%
Net Profit Growth %
69.58%
6.28%
P/E (x)
28.73x
P/B (x)
2.09x
Dividend Yield %
0.33%
12.29x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
38.95
0.00
0.36
Government
0.00
60.69
Sep 2024
43.58
0.23
0.22
Government
0.00
55.97
Dec 2024
43.58
0.20
0.22
Government
0.00
56.00
Mar 2025
43.58
0.20
0.22
Government
0.00
56.00
Jun 2025
43.95
0.20
0.22
Government
0.00
55.62
Sep 2025
43.95
0.18
0.22
Government
0.00
55.64
Dec 2025
44.37
0.00
0.22
Government
0.00
55.41
Mar 2026
45.01
0.00
0.59
Government
0.00
54.40
Jun 2026
45.01
0.07
0.59
Government
0.00
54.33

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