Shree Rama Multi-Tech Ltd (SHREERAMA)
🎯 Key Takeaways
- Shree Rama Multi-Tech Ltd operates in the capital goods packaging sector with a stable promoter holding structure and improving profitability trends, though its stock has underperformed over the past year. The company demonstrates operational efficiency with rising operating margins and strong ROE, but faces near-term headwinds from foreign exchange volatility and regulatory changes as highlighted in recent filings.
- Revenue grew 28.9% QoQ to ₹81 in Q1FY27.
- ⚠️ Foreign exchange volatility is explicitly cited as a new risk factor in the August 2026 filing, which could pressure input costs and margins.
- Market Cap
- ₹581
- P/E Ratio
- 23.9
- P/B Ratio
- 3.27
- ROE
- 14.3%
- ROCE
- 17.9%
- Debt/Equity
- 0.12
- Promoter
- 61.6%
📖 The Story
Shree Rama Multi-Tech Ltd operates in the capital goods packaging sector with a stable promoter holding structure and improving profitability trends, though its stock has underperformed over the past year. The company demonstrates operational efficiency with rising operating margins and strong ROE, but faces near-term headwinds from foreign exchange volatility and regulatory changes as highlighted in recent filings.
📰 What's Happening
In the latest filing from August 26, 2026, the company scheduled its 32nd AGM for September 25, 2026, where shareholders will vote on the reappointment of Whole-Time Director Shri Hemal R. Shah for three years and ratify cost auditor remuneration. The Annual Report for FY2025-26 was also submitted to stock exchanges during this period. Management emphasized governance updates and disclosed new risk factors including foreign exchange volatility and regulatory changes. Earlier, on May 9, 2026, the Board approved audited standalone financial results for Q4FY26, and a clerical correction was made to the audit qualification statement in the March 2026 filings without altering core financials.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 55 | 62 | 60 | 62 | 81 |
| Operating Profit | 9 | 8 | 8 | 7 | 11 |
| OPM % | 15.8% | 13.0% | 12.6% | 10.4% | 13.9% |
| Net Profit | 7 | 7 | 6 | 5 | 8 |
| EPS | ₹0.53 | ₹0.51 | ₹0.40 | ₹0.33 | ₹0.58 |
Operating performance shows a clear upward trajectory, with revenue growing from ₹55 crore in June 2025 to ₹81 crore in June 2026, while operating margins have stabilized around 13-14% despite modest volume growth. Profitability improved sequentially, with net profit rising to ₹8 crore in June 2026 from ₹5 crore in March 2026, supported by better cost management and stable margins. This operational momentum aligns with management's focus on operational discipline, though macroeconomic pressures remain a concern.
🔮 Management Outlook & What's Next
During the August 26, 2026 annual report filing, management indicated that the reappointment of Shri Hemal R. Shah as Whole-Time Director for three years, effective November 27, 2026, ensures continuity in leadership, and the ratification of cost auditor remuneration supports governance stability. No forward-looking guidance on financial targets or growth outlook was provided in the disclosed filings, suggesting a focus on routine governance rather than strategic expansion.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 67 | 67 | 67 | 67 |
| Reserves | 86 | 46 | 111 | 101 |
| Borrowings | 39 | 26 | 22 | 22 |
| Total Liabilities | 214 | 163 | 228 | 213 |
| Fixed Assets | 71 | 72 | 82 | 86 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 214 | 163 | 228 | 213 |
The balance sheet as of March 2026 shows a strong equity base of ₹67 crore with reserves at ₹111 crore and minimal net borrowings of ₹22 crore, indicating a conservative capital structure. Total assets increased to ₹228 crore from ₹213 crore a year ago, driven by operational growth, while liabilities remain low relative to equity. This financial profile supports prudent capital allocation, with no aggressive investment or deleveraging signals evident in recent quarters.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | +20 | +32 |
| Investing | -47 | -7 |
| Financing | +25 | -18 |
| Net Cash Flow | -2 | +8 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 61.6% | 61.6% | 61.6% | 61.6% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 32.7% | 32.4% | 32.4% | 32.4% |
| # Shareholders | 28,826 | 27,638 | 27,375 | 27,254 |
Promoter holding remains stable at 61.57% across all recent quarters, with no significant changes in FII or DII participation, which has been consistently zero. Public shareholding has slightly declined from 32.73% in Q2FY26 to 32.39% in Q1FY27, but the number of shareholder accounts has increased, suggesting retail dispersion rather than institutional exit. No pledging or selling signals from promoters are evident in the data.
⚖️ Peer Comparison — Packaging
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| INOXINDIA | 18,607 | 73.0 | 29.2% | — | 0.06 |
| GRWRHITECH | 15,455 | 39.8 | 22.0% | — | 0.00 |
| EPL | 7,531 | 19.4 | 17.1% | — | 0.25 |
| AGI | 5,200 | 14.4 | 19.6% | — | 0.10 |
| UFLEX | 4,645 | 6.8 | 8.8% | — | 1.21 |
| TCPLPACK | 3,628 | 31.4 | 17.8% | — | 0.80 |
| POLYPLEX | 3,340 | 21.5 | 7.7% | — | 0.23 |
| XPROINDIA | 2,680 | 81.2 | 5.2% | — | 0.38 |
| COSMOFIRST | 2,215 | 13.1 | 11.4% | — | 0.98 |
| KNACK | 2,162 | — | — | — | 0.80 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Foreign exchange volatility is explicitly cited as a new risk factor in the August 2026 filing, which could pressure input costs and margins. 2. Regulatory changes pose an ongoing compliance risk, requiring continuous adaptation. 3. The company's narrow customer base in the packaging sector may limit scalability, especially amid sector-specific headwinds. 4. Despite improving profits, the stock has underperformed with a -22.65% one-year return, indicating potential valuation or market sentiment concerns.
📋 Recent Filings
- Announcement2026-09-28Shree Rama Multi-Tech Limited has closed its insider trading window effective 1 October 2026, remaining shut until 48 hours after the unaudited financ…
- 🟡 voting results2026-09-26Shree Rama Multi-Tech held its 32nd AGM on 25 September 2026 via video conference, where shareholders approved all four ordinary resolutions including…
- 🟡 Board Meeting2026-09-25Shree Rama Multi-Tech held its 32nd AGM on 25 September 2026 via video conference, approving audited financials, appointing Hemal Shah as Whole-Time D…
- Announcement2026-09-21Shree Rama Multi-Tech announced commercial production from a new Tubing Machine at Moti-Bhoyan starting 21 September 2026, adding 1.15 crores monthly …
- 🔴 annual report2026-08-26Shree Rama Multi-Tech Limited announced its 32nd Annual General Meeting (AGM) scheduled for September 25, 2026 at 11:00 AM IST via Video Conferencing,…
- 🔴 annual report2026-08-26Shree Rama Multi-Tech Limited announced that its FY2025-26 Annual Report and 32nd AGM notice are accessible via web-link and QR code for shareholders …
- Announcement2026-08-13Shree Rama Multi-Tech Limited announced the Board approved unaudited Q1 FY26 results, extended redemption terms for preference shares, reappointed Hem…
- Announcement2026-07-06Shree Rama Multi-Tech Limited announced a SEBI-mandated certificate confirming securities dematerialization/rematerialization details for the quarter …
- Financial Results2026-06-26Shree Rama Multi-Tech Limited announced that its trading window for insider transactions will close on 1 July 2026 and remain shut until 48 hours afte…
- Announcement2026-06-03Shree Rama Multi-Tech Limited announced commercial production from a new Tubing Machine at its Moti-Bhoyan plant effective 3 June 2026, adding 45 Lakh…
🧠 Analyst's Read
Shree Rama Multi-Tech demonstrates steady operational improvement and financial resilience with strong margins and a clean balance sheet, but lacks clear growth catalysts or forward guidance. Investors should monitor the upcoming AGM outcomes and any commentary on foreign exchange impact in the next earnings cycle, as these will be critical for assessing near-term outlook.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-29.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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