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Swing Capital

Sharat Industries Ltd

NSE: SHINDL BSE: 519397

Incorporated in 1990, Sharat Industries Ltd is in the business of Shrimp Aquaculture and manufactures & sells shrimp feeds[1]

₹151
52W: ₹91.2 — ₹180
PE 36.1 · Book ₹38.7 · +290% vs book
Market Cap₹592 Cr
Stock P/E36.1Price to Earnings
ROCE11.9%Return on Capital
ROE9.02%Return on Equity
Div. Yield0.16%Face Value ₹10

Strengths

  • +Company is expected to give good quarter
  • +Company has delivered good profit growth of 41.3% CAGR over last 5 years

Weaknesses

  • −Stock is trading at 3.95 times its book value
  • −Company has a low return on equity of 8.41% over last 3 years.
  • −Debtor days have increased from 74.3 to 93.1 days.
  • −Working capital days have increased from 48.8 days to 68.9 days

Shareholding Pattern

Promoters45.01%
FIIs0%
DIIs0.59%
Public54.39%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters38.95%43.58%▲4.643.58%43.58%43.95%▲0.443.95%44.37%▲0.445.01%▲0.6
FIIs0%0.23%▲0.20.2%▼0.00.2%0.2%0.18%▼0.00%▼0.20%
DIIs0.36%0.22%▼0.10.22%0.22%0.22%0.22%0.22%0.59%▲0.4
Public60.69%55.97%▼4.756%▲0.055.99%▼0.055.63%▼0.455.65%▲0.055.4%▼0.354.39%▼1.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales96.8460.7564.6789.85100.3496.4493.91115.2149.73142.54
Expenses89.6456.0561.1482.4791.1388.6489.74103.96137.79133.03
Operating Profit7.24.73.537.389.217.84.1711.2411.949.51
OPM %7.43%7.74%5.46%8.21%9.18%8.09%4.44%9.76%7.97%6.67%
Net Profit2.810.910.363.063.732.640.535.375.744.74
EPS ₹0.710.230.090.770.940.670.141.381.461.21

AI Insights

Revenue Trend

TTM revenue at ₹501Cr, up 31.5% YoY. OPM at 7%.

Debt Position

Borrowings at ₹120Cr. Debt-to-equity ratio: 1.07x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹2Cr (5% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.59% (+0.23pp change). FIIs: 0% (+0.00pp change). Promoters hold 45.01%.

Margin & Efficiency

ROCE improving from 10% (Mar 2014) to 12% (Mar 2025). Working capital days: 69.

Valuation

PE 36.1x with 11.9% ROCE. Price is 290% above book value of ₹38.7. Dividend yield: 0.16%.

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