Share the post "Shri Venkatesh Refineries Limited Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Shri Venkatesh Refineries Limited has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 1.63 | 1.63 | 73.53 | 73.53 | 0 |
| Public | 0.59 | 0.59 | 26.47 | 26.47 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 |
| Government | 0 | 0 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 73.53% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. Public shareholding remained consistent, holding steady at 26.47% in both December 2023 and March 2024. This indicates that the Public control over the company did not change during this period.
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.203 | 0.199 | 9.17 | 9.01 | -0.16 % |
| Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.233 | 0.241 | 10.54 | 10.9 | + 0.36 % |
| GAURAV JAIN | 0.023 | 0.023 | 1.06 | 1.05 | -0.01 % |
| Non Resident Indians (NRIs) | 0.004 | 0.004 | 0.19 | 0.16 | -0.03 % |
| Bodies Corporate | 0.121 | 0.117 | 5.46 | 5.3 | -0.16 % |
| HUF | 0.007 | 0.007 | 0.33 | 0.31 | -0.02 % |
| Market Maker | 0.002 | 0.002 | 0.09 | 0.1 | + 0.01 % |
Observations show a significant difference of -0.16 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.36 %.Observations show a significant difference of -0.01 % in GAURAV JAIN’s financial performance between quarters.Observations show a significant difference of -0.03 % in Non Resident Indians (NRIs)’s financial performance between quarters.Observations show a significant difference of -0.16 % in Bodies Corporate’s financial performance between quarters.Observations show a significant difference of -0.02 % in HUF’s financial performance between quarters.Leading the way to higher stakeholding, Market Maker has significantly boosted stakeholding by an impressive 0.01 %.
62
3-Year Profit
64
5-Year Profit
0
10-Year Profit
138
Current Price
305
Market Cap
The financial outlook for the company under BSE code 543373 reveals a significant five-year profit of 64 percents. This marks a notable increase to 62 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of 25 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 0 percents over the past five years but experiencing a dramatic drop to 43 percents within the last year. Over a decade, the stock price was at 0 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
The company has a market capitalization of ₹305 crore and is currently trading at a stock price of ₹138. Over time, the stock has fluctuated between the historical highs and lows of ₹148 / 59.1, reflecting the market's volatility. With a Price-to-Earnings (P/E) ratio of 20.3, the stock appears highly valued, indicating that investors are willing to pay a premium for its earnings potential. The company's book value per share stands at ₹36.0, showcasing the underlying asset value. Additionally, the dividend yield is 0.36%, suggesting that the company offers shareholders a moderate return on their investment in the form of dividends. The Return on Capital Employed (ROCE) is 20.1%, indicating the efficiency with which the company generates profit from its capital. Meanwhile, the Return on Equity (ROE) is 22.7%, highlighting the profitability relative to shareholder equity. Despite these figures, the company maintains a very low debt-to-equity ratio of 1.56, signaling minimal leverage. It also reports a net cash flow of ₹3.78 crore, reflecting the company's ability to generate cash. The Piotroski score is 2.00, a measure of the company's financial strength, while the Graham Number estimates the intrinsic value of the stock at ₹74.2. The Price-to-Book (P/B) ratio of 3.83 further suggests that the stock is trading at a premium relative to its book value, potentially reflecting positive market sentiment or expectations of future growth.
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