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Saturday, August 20, 2016
Shrenuj & Co Ltd
CMP: Rs.2.17 (BSE)
Shrenuj & Company reported net loss of Rs.38.32 crore in Q4 March 2016, compared with net profit of Rs.2.50 crore in Q4 March 2015. Net sales declined 62.9% to Rs.304.16 crore in Q4 March 2016 over Q4 March 2015.
Some key statistics:
(i) The Book Value of the shares of the company is Rs.47.38
(ii) The dividend yield per share at the CMP of Rs.2.17 is 9.22%.
(iii) Face value per share is Rs 2.
(iv) 52-week Change or by how much the scrip fell: -96.32% (considering the 52-week low in NSE, of Rs.2.10)
(v) 50-Day Moving Average: Rs.3.15
(vi) 200-Day Moving Average: Rs.6.41
(vii) Float: 79.41 million
(ix) The Enterprise Value of Shrenuj & Co as of 20-Aug-2016 is Rs.34.79 billion (Rs.3479 Cr). This is against a market cap of only Rs.41.86 Cr.
(x) The small-cap company has equity capital of Rs 38.58 crore.
The target for the shares of Shrenuj & Co Ltd (BSE: Rs.2.17; NSE: Rs.2.25) in the medium term is Rs.15-17. However, if the diamond market improves or NDA government takes more pro-active measures, prices of Rs.22-27 cannot be ruled out.