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Shrenik

NSEI:SHRENIK
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHRENIK
NSEI
₹4B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Shrenik Limited engages in the trading and processing of various kinds of paper, pulp, paper boards, etc. The last earnings update was 33 days ago. More info.


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  • Shrenik has significant price volatility in the past 3 months.
SHRENIK Share Price and Events
7 Day Returns
-7.5%
NSEI:SHRENIK
0.5%
IN Trade Distributors
0.2%
IN Market
1 Year Returns
-60.5%
NSEI:SHRENIK
10.4%
IN Trade Distributors
3.1%
IN Market
SHRENIK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shrenik (SHRENIK) -7.5% -22.1% -12.2% -60.5% - -
IN Trade Distributors 0.5% 3.2% 25.7% 10.4% 19.1% -49.1%
IN Market 0.2% 0.1% 6.5% 3.1% 26.5% 28.3%
1 Year Return vs Industry and Market
  • SHRENIK underperformed the Trade Distributors industry which returned 10.4% over the past year.
  • SHRENIK underperformed the Market in India which returned 3.1% over the past year.
Price Volatility
SHRENIK
Industry
5yr Volatility vs Market

SHRENIK Value

 Is Shrenik undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Shrenik to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shrenik.

NSEI:SHRENIK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in INR ₹ .200000
Payout Ratio Company Filings (2019-09-30) 1233.5%
Discount Rate (Cost of Equity) See below 17.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SHRENIK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.957 (1 + (1- 35%) (42.64%))
1.455
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.455 * 7.85%)
17.9%

Discounted Cash Flow Calculation for NSEI:SHRENIK using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Shrenik is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NSEI:SHRENIK Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹0.2 / (17.9% - 6.48%)
₹1.75
NSEI:SHRENIK Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹1.75
Current discount Discount to share price of ₹39.55
= -1 x (₹39.55 - ₹1.75) / ₹1.75
-2158.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Shrenik is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shrenik's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shrenik's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SHRENIK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹1.31
NSEI:SHRENIK Share Price ** NSEI (2019-12-13) in INR ₹39.55
India Trade Distributors Industry PE Ratio Median Figure of 88 Publicly-Listed Trade Distributors Companies 17.6x
India Market PE Ratio Median Figure of 2,639 Publicly-Listed Companies 12.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shrenik.

NSEI:SHRENIK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:SHRENIK Share Price ÷ EPS (both in INR)

= 39.55 ÷ 1.31

30.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shrenik is overvalued based on earnings compared to the IN Trade Distributors industry average.
  • Shrenik is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Shrenik's expected growth come at a high price?
Raw Data
NSEI:SHRENIK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Trade Distributors Industry PEG Ratio Median Figure of 47 Publicly-Listed Trade Distributors Companies 1.31x
India Market PEG Ratio Median Figure of 600 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Shrenik, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shrenik's assets?
Raw Data
NSEI:SHRENIK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹7.21
NSEI:SHRENIK Share Price * NSEI (2019-12-13) in INR ₹39.55
India Trade Distributors Industry PB Ratio Median Figure of 129 Publicly-Listed Trade Distributors Companies 0.68x
India Market PB Ratio Median Figure of 3,575 Publicly-Listed Companies 0.84x
NSEI:SHRENIK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:SHRENIK Share Price ÷ Book Value per Share (both in INR)

= 39.55 ÷ 7.21

5.49x

* Primary Listing of Shrenik.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shrenik is overvalued based on assets compared to the IN Trade Distributors industry average.
X
Value checks
We assess Shrenik's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Shrenik has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SHRENIK Future Performance

 How is Shrenik expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shrenik has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shrenik expected to grow at an attractive rate?
  • Unable to compare Shrenik's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shrenik's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Shrenik's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:SHRENIK Future Growth Rates Data Sources
Data Point Source Value (per year)
India Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 17%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
India Market Earnings Growth Rate Market Cap Weighted Average 19.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SHRENIK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SHRENIK Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 8,956 -301 134
2019-06-30 8,662 -241 123
2019-03-31 8,368 -181 111
2018-12-31 7,750 102
2018-09-30 7,131 93
2018-06-30 6,532 86
2018-03-31 5,932 -469 79
2017-03-31 4,277 -131 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shrenik is high growth as no earnings estimate data is available.
  • Unable to determine if Shrenik is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SHRENIK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Shrenik Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SHRENIK Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 1.31
2019-06-30 1.20
2019-03-31 1.09
2018-12-31 0.99
2018-09-30 0.89
2018-06-30 0.87
2018-03-31 0.84
2017-03-31 0.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Shrenik will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Shrenik's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Shrenik's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Shrenik's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Shrenik's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shrenik has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SHRENIK Past Performance

  How has Shrenik performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shrenik's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shrenik has delivered over 20% year on year earnings growth in the past 5 years.
  • Shrenik's 1-year earnings growth exceeds its 5-year average (44.7% vs 33.9%)
  • Shrenik's earnings growth has exceeded the IN Trade Distributors industry average in the past year (44.7% vs 9.8%).
Earnings and Revenue History
Shrenik's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shrenik Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SHRENIK Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 8,956.02 134.25 37.66
2019-06-30 8,661.95 122.72 36.80
2019-03-31 8,367.88 111.19 35.94
2018-12-31 7,749.68 101.97 31.45
2018-09-30 7,131.48 92.75 26.96
2018-06-30 6,531.89 85.93 24.50
2018-03-31 5,932.31 79.11 22.03
2017-03-31 4,276.54 41.84 16.34
2016-03-31 3,292.27 29.43 8.55
2015-03-31 2,657.22 10.30 7.75
2014-03-31 2,130.87 9.61 6.83
2013-03-31 2,168.25 3.95 4.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shrenik has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shrenik used its assets more efficiently than the IN Trade Distributors industry average last year based on Return on Assets.
  • Shrenik has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shrenik's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shrenik has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SHRENIK Health

 How is Shrenik's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shrenik's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shrenik is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shrenik's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shrenik's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shrenik Company Filings, last reported 2 months ago.

NSEI:SHRENIK Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 731.13 1,720.00 13.63
2019-06-30 635.76 1,649.84 13.79
2019-03-31 635.76 1,649.84 13.79
2018-12-31 635.76 1,649.84 13.79
2018-09-30 605.63 1,305.48 6.70
2018-06-30 550.94 1,236.06 3.68
2018-03-31 550.94 1,236.06 3.68
2017-03-31 280.63 929.51 17.66
2016-03-31 236.32 634.93 29.46
2015-03-31 80.89 595.93 33.08
2014-03-31 67.13 550.64 10.06
2013-03-31 60.99 408.85 16.37
  • Shrenik's level of debt (235.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (774.3% vs 235.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Shrenik's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shrenik has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SHRENIK Dividends

 What is Shrenik's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.51%
Current annual income from Shrenik dividends.
If you bought ₹2,000 of Shrenik shares you are expected to receive ₹10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Shrenik's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.59%).
  • Shrenik's dividend is below the markets top 25% of dividend payers in India (2.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SHRENIK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 0.4%
India Market Average Dividend Yield Market Cap Weighted Average of 1391 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SHRENIK Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-08-20 0.200 0.430
2018-06-08 0.200 0.212

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Shrenik has been paying a dividend for less than 10 years.
  • Shrenik has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Shrenik's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shrenik's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shrenik afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shrenik has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SHRENIK Management

 What is the CEO of Shrenik's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shrenikbhai Vimawala
COMPENSATION ₹6,000,000
AGE 54
TENURE AS CEO 2.7 years
CEO Bio

Mr. Shrenik Sudhirbhai Vimawala serves as Chairman and Managing Director at Shrenik Limited since April 11, 2017.

CEO Compensation
  • Shrenikbhai's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Shrenikbhai's remuneration is higher than average for companies of similar size in India.
Management Team

Shrenikbhai Vimawala

TITLE
Chairman & MD
COMPENSATION
₹6M
AGE
54
TENURE
2.7 yrs

Kaivan Vimawala

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
25

Rishit Vimawala

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
29

Virendra Surti

TITLE
Chief Financial Officer
AGE
44

Madhulika Mishra

TITLE
Compliance Officer & Company Secretary
Board of Directors Tenure

Average tenure and age of the Shrenik board of directors in years:

2.7
Average Tenure
30
Average Age
  • The average tenure for the Shrenik board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shrenikbhai Vimawala

TITLE
Chairman & MD
COMPENSATION
₹6M
AGE
54
TENURE
2.7 yrs

Kaivan Vimawala

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
25
TENURE
6.8 yrs

Rishit Vimawala

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
29
TENURE
7 yrs

Ashish Modi

TITLE
Independent Director
COMPENSATION
₹45K
AGE
52
TENURE
2.7 yrs

Manali Shah

TITLE
Additional Independent Director
AGE
31
TENURE
0.6 yrs

Devarsh Shah

TITLE
Independent Director
COMPENSATION
₹45K
AGE
29
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Shrenik's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shrenik has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SHRENIK News

Simply Wall St News

Did Shrenik Limited (NSE:SHRENIK) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Shrenik Limited (NSE:SHRENIK). … NSEI:SHRENIK Recent Insider Trading, September 4th 2019 Insider Ownership of Shrenik I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. … It would be great to see more insider buying, but overall it seems like Shrenik insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future.

Simply Wall St -

What Is Shrenik's (NSE:SHRENIK) P/E Ratio After Its Share Price Tanked?

One way to gauge market expectations of a stock is to look at its Price to Earnings Ratio (PE Ratio). … NSEI:SHRENIK Price Estimation Relative to Market, August 22nd 2019 Shrenik's P/E tells us that market participants think the company will perform better than its industry peers, going forward. … And as that P/E ratio drops, the company will look cheap, unless its share price increases.

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Is Shrenik Limited (NSE:SHRENIK) A Smart Choice For Dividend Investors?

Click the interactive chart for our full dividend analysis NSEI:SHRENIK Historical Dividend Yield, August 13th 2019 Payout ratios Dividends are typically paid from company earnings. … Conclusion When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable. … Unfortunately, there hasn't been any earnings growth, and the company's dividend history has been too short for us to evaluate the consistency of the dividend.

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Shrenik (NSE:SHRENIK) Has A Somewhat Strained Balance Sheet

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … Over the last three years, Shrenik saw substantial negative free cash flow, in total. … Our View Shrenik's conversion of EBIT to free cash flow and net debt to EBITDA definitely weigh on it, in our esteem.

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Boasting A 17% Return On Equity, Is Shrenik Limited (NSE:SHRENIK) A Top Quality Stock?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Shrenik: 17% = ₹111m ÷ ₹636m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Shrenik Have A Good Return On Equity? … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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Shrenik Limited (NSE:SHRENIK) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Shrenik: 0.23 = ₹236m ÷ (₹2.7b - ₹1.7b) (Based on the trailing twelve months to September 2018.) So, Shrenik has an ROCE of 23%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Shrenik's current liabilities are fairly high, which increases its ROCE significantly.

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Did Shrenik Limited (NSE:SHRENIK) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Shrenik Limited (NSE:SHRENIK). … But equally, we would consider it foolish to ignore insider transactions altogether. … The Last 12 Months Of Insider Transactions At Shrenik

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Can Shrenik Limited (NSE:SHRENIK) Maintain Its Strong Returns?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Percentage Of Shrenik Limited (NSE:SHRENIK) Shares Do Insiders Own?

A look at the shareholders of Shrenik Limited (NSE:SHRENIK) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

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Shrenik Limited (NSE:SHRENIK) Earns A Nice Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

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SHRENIK Company Info

Description

Shrenik Limited engages in the trading and processing of various kinds of paper, pulp, paper boards, etc. in Gujarat and Rajasthan, and Maharashtra. It offers printing and writing paper, packaging paper coated paper, and other speciality paper under the Shrenik brand name. The company was incorporated in 2012 and is based in Ahmedabad, India.

Details
Name: Shrenik Limited
SHRENIK
Exchange: NSEI
Founded: 2012
₹4,034,100,000
102,000,000
Website: http://www.shrenik.co.in
Address: Shrenik Limited
TEN/11, Beside Mardia Plaza,
505-508,
Ahmedabad,
Gujarat, 380009,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI SHRENIK Equity Shares National Stock Exchange of India IN INR 11. Oct 2017
Number of employees
Current staff
Staff numbers
25
Shrenik employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/14 12:53
End of day share price update: 2019/12/13 00:00
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.