Srigee DLM
Srigee DLM
Capital GoodsKey Fundamentals
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Key Insights
Strengths
2- Stock is trading at 1.14 times its book value
- Debtor days have improved from 27.8 to 20.5 days.
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Earnings include an other income of Rs.3.45 Cr.
- Working capital days have increased from 45.8 days to 68.8 days
Growth Rate
Quarterly Results
| Particulars | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 34.73 | 36.07 | 35.16 | 20.88 | 51.42 |
| Expenses | 31.74 | 32.48 | 31.38 | 19.08 | 47.44 |
| Operating Profit | 2.99 | 3.59 | 3.78 | 1.8 | 3.98 |
| OPM % | 8.61% | 9.95% | 10.75% | 8.62% | 7.74% |
| Other Income | 0.13 | 0.08 | 0.06 | 0.54 | 2.91 |
| Interest | 0.12 | 0.13 | 0.17 | 0.32 | 0.29 |
| Depreciation | 0.22 | 0.22 | 0.48 | 0.38 | 0.56 |
| PBT | 2.78 | 3.32 | 3.19 | 1.64 | 6.04 |
| Tax % | 25.18% | 30.42% | 15.05% | 18.29% | 8.61% |
| Net Profit | 2.07 | 2.31 | 2.7 | 1.34 | 5.53 |
| EPS in Rs | 4.86 | 5.42 | 6.34 | 2.24 | 9.26 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 33.01 | 47.14 | 54.4 | 71.22 | 72.31 |
| Expenses | 30.74 | 42.51 | 49.76 | 63.85 | 66.53 |
| Operating Profit | 2.27 | 4.63 | 4.64 | 7.37 | 5.78 |
| OPM % | 6.88% | 9.82% | 8.53% | 10.35% | 7.99% |
| Other Income | 0.03 | 0.1 | 0.22 | 0.13 | 3.45 |
| Interest | 0.34 | 0.43 | 0.3 | 0.29 | 0.61 |
| Depreciation | 0.38 | 0.38 | 0.44 | 0.7 | 0.94 |
| PBT | 1.58 | 3.92 | 4.12 | 6.51 | 7.68 |
| Tax % | 28.48% | 28.32% | 29.37% | 22.89% | 10.68% |
| Net Profit | 1.13 | 2.81 | 2.92 | 5.01 | 6.87 |
| EPS in Rs | 62.33 | 15.5 | 6.86 | 11.76 | 11.5 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 1.81 | 1.81 | 4.26 | 4.26 | 5.97 |
| Reserves | 5.97 | 8.79 | 10.19 | 15.2 | 35.91 |
| Borrowings | 3.72 | 2.51 | 2.27 | 3.98 | 8.26 |
| Other Liabilities | 4.72 | 6.79 | 8.27 | 9.23 | 12.63 |
| Total Liabilities | 16.22 | 19.9 | 24.99 | 32.67 | 62.77 |
| Fixed Assets | 6.43 | 6.12 | 6.74 | 8.88 | 22.41 |
| CWIP | 0 | 0 | 0 | 0 | 3.56 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 9.79 | 13.78 | 18.25 | 23.79 | 36.8 |
| Total Assets | 16.22 | 19.9 | 24.99 | 32.67 | 62.77 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | -0.58 | 1.76 | 1.44 | 0.81 | 9.35 |
| Investing | -0.24 | -0.06 | -1.04 | -2.84 | -19.94 |
| Financing | 0.83 | -1.63 | 0.45 | 1.42 | 19.23 |
| Net Cash Flow | 0.02 | 0.06 | 0.84 | -0.62 | 8.65 |
| Free Cash Flow | -0.83 | 1.69 | 0.38 | -2.03 | -11.28 |
| CFO/OP | -10 | 51 | 50 | 25 | 192 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 46 | 35.39 | 38.51 | 24.45 | 20.49 |
| Inventory Days | 52.74 | 69.03 | 60.3 | 86.33 | 142 |
| Days Payable | 51.19 | 56.84 | 46.27 | 40.44 | 73.54 |
| Cash Conversion Cycle | 47.54 | 47.57 | 52.54 | 70.33 | 88.87 |
| Working Capital Days | 16.92 | 30.89 | 26.84 | 41.61 | 68.85 |
| ROCE % | — | 35.35% | 29.63% | 33.86% | 22.53% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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53 extracted metrics + investor summaries across FY22–FY26.
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Company Information
Incorporated in 2005, Srigee DLM Limited is a design-led OEM/ODM plastic products manufacturer offering end-to-end manufacturing solutions.[1]
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