Shri Ram Switchgears
Shri Ram Switchgears
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Key Insights
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -45.4% over past five years.
- Company has high debtors of 3,920 days.
- Working capital days have increased from 2,176 days to 3,539 days
Growth Rate
Profit & Loss
| Particulars | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26.68 | 21.32 | 38.89 | 52.89 | 45.37 | 68.38 | 51.12 | 26.81 | 20.76 | 7.83 | 4.02 | 2.47 |
| Expenses | 26.11 | 18.03 | 35.78 | 48.8 | 41.76 | 57.79 | 39.9 | 19.18 | 17.97 | 17.39 | 17.26 | 4.05 |
| Operating Profit | 0.57 | 3.29 | 3.11 | 4.09 | 3.61 | 10.59 | 11.22 | 7.63 | 2.79 | -9.56 | -13.24 | -1.58 |
| OPM % | 2.14% | 15.43% | 8% | 7.73% | 7.96% | 15.49% | 21.95% | 28.46% | 13.44% | -122.09% | -329.35% | -63.97% |
| Other Income | 0.49 | 0.7 | 0.33 | 1.51 | 2.68 | 0.68 | 0.59 | 0.76 | 0.58 | 0.21 | 0.25 | 0.35 |
| Interest | 1.82 | 2.63 | 2.67 | 3.5 | 3.98 | 7.14 | 7.63 | 7.05 | 5.86 | 6.78 | 3.51 | 2.3 |
| Depreciation | 0.26 | 0.16 | 0.16 | 0.27 | 1.03 | 0.85 | 0.72 | 0.57 | 0.49 | 0.4 | 0.32 | 0.27 |
| PBT | -1.02 | 1.2 | 0.61 | 1.83 | 1.28 | 3.28 | 3.46 | 0.77 | -2.98 | -16.53 | -16.82 | -3.8 |
| Tax % | -3.92% | 5% | 31.15% | 33.88% | 32.81% | 35.67% | 34.97% | -1.3% | -0.34% | 1.69% | 0% | 1.84% |
| Net Profit | -0.98 | 1.14 | 0.42 | 1.21 | 0.85 | 2.11 | 2.25 | 0.77 | -2.97 | -16.81 | -16.83 | -3.87 |
| EPS in Rs | -3.45 | 4.02 | 1.26 | 2.48 | 1.74 | 2.87 | 2.25 | 0.77 | -2.97 | -16.79 | -16.81 | -3.87 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2.84 | 2.84 | 3.34 | 4.88 | 4.89 | 7.34 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 | 10.01 |
| Reserves | 1.4 | 1.54 | 1.96 | 3.68 | 4.27 | 3.82 | 8.47 | 9.25 | 6.27 | -10.54 | -27.37 | -31.23 |
| Borrowings | 12.87 | 15.38 | 19.11 | 18.87 | 31.68 | 38.39 | 36.67 | 38.65 | 43.78 | 49.18 | 55.48 | 62.72 |
| Other Liabilities | 8.2 | 12.09 | 27.47 | 34.86 | 30.18 | 32.42 | 29.52 | 31.09 | 23.88 | 18.22 | 11.95 | 12.11 |
| Total Liabilities | 25.31 | 31.85 | 51.88 | 62.29 | 71.02 | 81.97 | 84.67 | 89 | 83.94 | 66.87 | 50.07 | 53.61 |
| Fixed Assets | 0.79 | 1.21 | 1.75 | 5.79 | 4.71 | 4.12 | 3.45 | 2.88 | 2.61 | 2.21 | 1.67 | 1.4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 24.49 | 30.61 | 50.1 | 56.47 | 66.28 | 77.85 | 81.22 | 86.12 | 81.33 | 64.66 | 48.4 | 52.21 |
| Total Assets | 25.31 | 31.85 | 51.88 | 62.29 | 71.02 | 81.97 | 84.67 | 89 | 83.94 | 66.87 | 50.07 | 53.61 |
Cash Flow
| Particulars | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1.48 | -3.7 | -0.52 | 10.51 | 0.19 | 9.43 | -1.82 | 2.85 | 3.62 | -7.13 | -5.18 | -6.02 |
| Investing | 0.6 | -0.14 | -0.43 | -5.2 | 1.38 | 0.06 | 0.02 | -0.01 | -0.07 | 0.1 | 0.32 | 0.09 |
| Financing | 2.63 | -0.12 | 1.57 | -2.2 | -0.4 | -10.15 | 0.22 | -1.75 | -3.64 | 4.32 | 3.15 | 4.96 |
| Net Cash Flow | 4.71 | -3.96 | 0.62 | 3.11 | 1.17 | -0.66 | -1.58 | 1.09 | -0.1 | -2.72 | -1.71 | -0.96 |
| Free Cash Flow | 1.91 | -4.27 | -1.22 | 6.56 | 0.24 | 9.17 | -1.87 | 2.84 | 3.4 | -7.13 | -4.81 | -5.91 |
| CFO/OP | 260 | -110 | -10 | 270 | 20 | 94 | -5 | 59 | 137 | 75 | 39 | 381 |
Ratios
| Particulars | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 99.18 | 199 | 111 | 192 | 281 | 225 | 321 | 543 | 587 | 1,424 | 2,477 | 3,920 |
| Inventory Days | 124 | 309 | 297 | 164 | 201 | 199 | 321 | 919 | 878 | 602 | 336 | 2,922 |
| Days Payable | 128 | 263 | 171 | 86.03 | 221 | 143 | 227 | 479 | 322 | 252 | 139 | 1,202 |
| Cash Conversion Cycle | 94.44 | 245 | 236 | 270 | 261 | 280 | 415 | 984 | 1,143 | 1,774 | 2,674 | 5,641 |
| Working Capital Days | 135 | 273 | 281 | 106 | 162 | 114 | 230 | 498 | 640 | 1,545 | 1,445 | 3,539 |
| ROCE % | — | 20.78% | 14.85% | 20.56% | 15.12% | 22.79% | 21.18% | 13.8% | 4.53% | -17.94% | -31.05% | -4.07% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY12–FY23.
Documents
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Company Information
Incorporated in 1985, Shri Ram Switchgears Ltd does engineering and manufacturing of Electrical Products[1]
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