Shri Ram Switchgears

Industrials

SRIRAM NSE

NSE: SRIRAM Industrial Manufacturing

₹6.30

Close · 26 Feb 2024

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MCP

No trades in 1Y · Last traded 26 Feb 2024

Peer Comparison

Industrials › Industrial Manufacturing › Industrial Products

Shri Ram Switchgears peer comparison

Indo-MIM	₹1,240.10	106.91	₹59,516 Cr	18.47	0.55%	23.40%	25.00%	₹3,482 Cr	₹562 Cr
Aditya Infotech	₹3,999.80	98.59	₹46,234 Cr	14.53	0.04%	25.40%	28.60%	₹4,883 Cr	₹477 Cr
Syrma SGS	₹1,512.60	79.19	₹28,543 Cr	9.59	0.10%	14.00%	16.80%	₹5,464 Cr	₹401 Cr
Honeywell Automation	₹29,810.00	47.82	₹25,976 Cr	5.65	0.38%	12.60%	17.00%	₹4,703 Cr	₹552 Cr
Jyoti CNC Automation	₹1,034.95	73.19	₹22,990 Cr	11.01	0.00%	18.20%	21.30%	₹2,191 Cr	₹323 Cr
Kaynes Technology India	₹3,330.00	64.57	₹21,957 Cr	4.71	0.00%	8.69%	12.70%	₹3,899 Cr	₹345 Cr
LMW	₹17,358.00	106.09	₹18,108 Cr	6.10	0.21%	4.05%	5.58%	₹3,374 Cr	₹176 Cr
Shri Ram Switchgears (this company)	₹6.30	—	—	—	—	—	—	—	—
Median 8 companies	₹2,421.30	79.19	₹25,976 Cr	9.59	0.10%	14.00%	17.00%	₹3,899 Cr	₹401 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

No strengths listed

Weaknesses

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -24.5% over past five years.
Company has high debtors of 211 days.

Technical Indicators

Technical signals: verdict and indicator counts
Group	Signal	Bearish	Neutral	Bullish
Overall	Strong Bearish	12	2	5
Oscillators	Strong Bullish	2	2	5
Moving Averages	Strong Bearish	10	0	0

Oscillators

Strong Bullish

Bearish

Neutral

Bullish

Overall

Strong Bearish

Bearish

Neutral

Bullish

Moving Averages

Strong Bearish

Bearish

Neutral

Bullish

Key readings

RSI (14): 34.02; Neutral
MACD (12,26,9): −0.37; Bearish
SMA (50): 7.34; Bearish
SMA (200): 10.77; Bearish

As of 26 Feb 2024, the latest day with price data, so these readings are not current.

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
10Y	−27.11%
5Y	−24.51%
3Y	−8.05%
1Y	−9.43%

Net profit

Net profit growth by window
10Y	Turned to loss
5Y	Loss narrowed by ₹15.78 Cr
3Y	Loss narrowed by ₹2.84 Cr
1Y	Loss widened by ₹0.37 Cr

Operating cash flow

Operating cash flow growth by window
10Y	Turned negative
5Y	Outflow narrowed by ₹6.93 Cr
3Y	Outflow narrowed by ₹5.82 Cr
1Y	Outflow narrowed by ₹0.62 Cr

Operating margin· change in pp

Operating margin growth by window
10Y	−59.52 pp
5Y	+70.53 pp
3Y	+12.41 pp
1Y	−13.35 pp

Trailing twelve months: The latest quarterly results are more than a year old.

Revenue by year

Revenue by year, ₹ crore
Mar 2016	₹45.37 Cr
Mar 2017	₹68.38 Cr
Mar 2018	₹51.12 Cr
Mar 2019	₹26.81 Cr
Mar 2020	₹20.76 Cr
Mar 2021	₹7.83 Cr
Mar 2022	₹4.02 Cr
Mar 2023	₹2.47 Cr
Mar 2025	₹2.12 Cr
Mar 2026	₹1.92 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2016	₹0.85 Cr
Mar 2017	₹2.11 Cr
Mar 2018	₹2.25 Cr
Mar 2019	₹0.77 Cr
Mar 2020	−₹2.97 Cr
Mar 2021	−₹16.81 Cr
Mar 2022	−₹16.83 Cr
Mar 2023	−₹3.87 Cr
Mar 2025	−₹0.66 Cr
Mar 2026	−₹1.03 Cr

Half-yearly Results

₹ Cr

Results for the period ended Mar 2024 were due by 30 May 2024 and are not in this table yet.

SRIRAM half-yearly results, ₹ crore
Particulars	Mar 2019	Sep 2019	Mar 2020	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023
Sales	18.34	11.37	11.06	1.18	7.87	1.57	2.76	1.46	1.26	0.85
Expenses	14.75	7.64	11.99	2.95	15.66	3.85	13.72	2.2	2.09	1.06
Operating Profit	3.59	3.73	−0.93	−1.77	−7.79	−2.28	−10.96	−0.74	−0.83	−0.21
OPM %	19.57%	32.81%	−8.41%	−150%	−98.98%	−145.22%	−397.1%	−50.68%	−65.87%	−24.71%
Other Income	0.72	0.35	0.22	0.05	0.16	0.16	0.09	0.03	0.31	0.01
Interest	3.6	3.7	2.16	2.44	4.34	1.5	2.01	1.18	1.12	0.7
Depreciation	0.29	0.23	0.25	0.23	0.18	0.16	0.16	0.16	0.1	0.13
PBT	0.42	0.15	−3.12	−4.39	−12.15	−3.78	−13.04	−2.05	−1.74	−1.03
Tax %	0%	20%	−1.28%	0%	2.3%	0.26%	−0.08%	0%	4.02%	0%
Net Profit	0.42	0.11	−3.09	−4.39	−12.42	−3.79	−13.03	−2.05	−1.82	−1.03
EPS (₹)	0.42	0.11	−3.09	−4.39	−12.41	−3.79	−13.02	−2.05	−1.82	−1.03

Profit & Loss

₹ Cr

SRIRAM profit and loss, annual, ₹ crore
Particulars	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Sales	38.89	52.89	45.37	68.38	51.12	26.81	20.76	7.83	4.02	2.47	2.12	1.92
Expenses	35.78	48.8	41.76	57.79	39.9	19.18	17.97	17.39	17.26	4.05	2.93	2.91
Operating Profit	3.11	4.09	3.61	10.59	11.22	7.63	2.79	−9.56	−13.24	−1.58	−0.81	−0.99
OPM %	8%	7.73%	7.96%	15.49%	21.95%	28.46%	13.44%	−122.09%	−329.35%	−63.97%	−38.21%	−51.56%
Other Income	0.33	1.51	2.68	0.68	0.59	0.76	0.58	0.21	0.25	0.35	1.73	0.11
Interest	2.67	3.5	3.98	7.14	7.63	7.05	5.86	6.78	3.51	2.3	1.39	0
Depreciation	0.16	0.27	1.03	0.85	0.72	0.57	0.49	0.4	0.32	0.27	0.19	0.15
PBT	0.61	1.83	1.28	3.28	3.46	0.77	−2.98	−16.53	−16.82	−3.8	−0.66	−1.03
Tax %	31.15%	33.88%	32.81%	35.67%	34.97%	−1.3%	−0.34%	1.69%	0%	1.84%	0%	0.97%
Net Profit	0.42	1.21	0.85	2.11	2.25	0.77	−2.97	−16.81	−16.83	−3.87	−0.66	−1.03
EPS (₹)	0.84	1.66	1.16	2.87	2.25	0.77	−2.97	−16.79	−16.81	−3.87	−0.66	−1.03
Div. Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

₹ Cr

SRIRAM balance sheet, annual, ₹ crore
Particulars	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Equity Capital	3.34	4.88	4.89	7.34	10.01	10.01	10.01	10.01	10.01	10.01	10.01	10.01
Reserves	1.96	3.68	4.27	3.82	8.47	9.25	6.27	−10.54	−27.37	−31.23	−77.56	−78.59
Borrowings	19.11	18.87	31.68	38.39	36.67	38.65	43.78	49.18	55.48	62.72	59.61	59.59
Other Liabilities	27.47	34.86	30.18	32.42	29.52	31.09	23.88	18.22	11.95	12.11	14.88	14.82
Total Liabilities	51.88	62.29	71.02	81.97	84.67	89	83.94	66.87	50.07	53.61	6.94	5.83
Fixed Assets	1.75	5.79	4.71	4.12	3.45	2.88	2.61	2.21	1.67	1.4	1.01	0.87
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	0.03	0.03	0.03	0	0	0	0	0	0	0	0	0
Other Assets	50.1	56.47	66.28	77.85	81.22	86.12	81.33	64.66	48.4	52.21	5.93	4.96
Total Assets	51.88	62.29	71.02	81.97	84.67	89	83.94	66.87	50.07	53.61	6.94	5.83

Cash Flow

₹ Cr

SRIRAM cash flow, annual, ₹ crore
Particulars	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Operating	−0.52	10.51	0.19	9.43	−1.82	2.85	3.62	−7.13	−5.18	−6.02	−0.82	−0.2
Investing	−0.43	−5.2	1.38	0.06	0.02	−0.01	−0.07	0.1	0.32	0.09	1.78	0.12
Financing	1.57	−2.2	−0.4	−10.15	0.22	−1.75	−3.64	4.32	3.15	4.96	−1.67	−0.02
Net Cash Flow	0.62	3.11	1.17	−0.66	−1.58	1.09	−0.1	−2.72	−1.71	−0.96	−0.71	−0.1
Free Cash Flow	−1.22	6.56	0.24	9.17	−1.87	2.84	3.4	−7.13	−4.81	−5.91	−0.82	−0.21
CFO/EBITDA	−10	270	20	94	−5	59	137	75	39	381	101	20

Ratios

SRIRAM financial ratios, annual
Particulars	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Debtor Days	111	192	281	225	321	543	587	1,424	2,477	3,920	286	211
Inventory Days	297	164	201	199	321	919	878	602	336	2,922	391	371
Days Payable	171	86.03	221	143	227	479	322	252	139	1,202	1,492	1,632
Cash Conversion Cycle	236	270	261	280	415	984	1,143	1,774	2,674	5,641	−814	−1,050
Working Capital Days	281	106	162	114	230	498	640	1,545	1,445	3,539	−4,218	−4,806
ROCE %	14.85%	20.56%	15.12%	22.79%	21.18%	13.8%	4.53%	−17.94%	−31.05%	−4.07%	—	—

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

52 extracted metrics across FY12–FY26.

Frequently Asked Questions about Shri Ram Switchgears

What does Shri Ram Switchgears Ltd do?

Incorporated in 1985, Shri Ram Switchgears Ltd does engineering and manufacturing of Electrical Products

Where is Shri Ram Switchgears Ltd (SRIRAM) listed?

Shri Ram Switchgears Ltd trades as SRIRAM on the NSE.

Which sector does Shri Ram Switchgears Ltd belong to?

Shri Ram Switchgears Ltd is classified under the Industrials sector, in the Industrial Manufacturing industry.

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Shri Ram Switchgears

Peer Comparison

Key Insights

Weaknesses

Technical Indicators

Oscillators

Overall

Moving Averages

Key readings

Growth Rate

Revenue

Net profit

Operating cash flow

Operating margin· change in pp

Revenue by year

Net profit by year

Half-yearly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Insights

Documents

Frequently Asked Questions about Shri Ram Switchgears

Company Information

For AI agents and developers

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