7NR Retails Ltd IPO (7NR Retails IPO) Detail

Wht is listing date

Allotment and Listing dates ?

Clearly Avoid.

Pros:
Zero-debt (very recently)
Cons:
ROE and ROCE is below PAR (negative for most FYs)
Company became profitable only in this FY (that too sudden spike in sales)
Workforce is getting reduce every year
Raw material cost is getting higher
PE of 50 and PB of 2.5 is very expensive (for this risky company).

It''s a clear AVOID.

Key operating ratios

Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      0.74      -      -      -      0.93
Book value(Rs)      10.62      8.21      9.27      -5.58      10.31
CEPS(Rs)      0.83      -0.85      0.56      -3.00      -
NPM(%)      3.35      -8.70      -0.97      -3.19      -
OPM(%)      4.14      -5.51      4.87      5.18      -
ROCE(%)      10.91      -      -      -      -
ROE(%)      9.66      -      -      -      -
Debt/equity      -      0.18      2.00      130.25      9.60
Interest cover      21.50      -25.00      0.63      0.33      -

Cash flow analysis (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
NOPAT      0.40      -0.29      0.08      0.08      -
Operating cash flow      0.67      0.27      0.81      -1.93      -0.99
Free cash flow      1.52      0.27      0.88      -0.84      -0.99

Key financials (Rs.in Crs.)
Year end      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Net sales      11.34      3.45      5.13      5.02      0.07
Operating profit      0.47      -0.19      0.25      0.26      -
Net profit      0.38      -0.30      -0.05      -0.16      -
Equity cap pd      5.09      2.84      2.84      0.10      0.10

Half Yearly (variance)
Year      201703      201603      Var(%)
Type      Full Year      Full Year
Sales Turnover      11.34      3.45      228.70
Other Income      0.08      0.00      N.A.
Total Income      11.42      3.45      231.01
Total Expenditure      10.95      3.64      200.82
Operating Profit      0.47      -0.19      N.A.
Interest      0.02      0.01      100.00
Gross Profit      0.45      -0.20      N.A.
Depreciation      0.04      0.06      -33.33
Tax      0.03      0.00      N.A.
Reported PAT      0.38      -0.30      N.A.
Dividend (%)      0.00      0.00      N.A.

P & L Account(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13(4)
Sales Turnover      11.34      3.45      5.13      5.02      0.07
Other Income      0.08      0.00      0.00      0.00      0.00
Stock Adjustments      0.28      -1.11      -0.32      0.03      2.54
Total Income      11.70      2.34      4.81      5.05      2.61
Raw Materials      10.48      1.52      3.24      3.78      2.60
Excise Duty      0.00      0.00      0.00      0.00      0.00
Power & Fuel Cost      0.00      0.00      0.00      0.00      0.00
Other Manufacturing Expenses      0.00      0.00      0.00      0.00      0.00
Employee Cost      0.43      0.49      0.75      0.63      0.01
Selling and Administration Expenses      0.00      0.00      0.00      0.00      0.00
Miscellaneous Expenses      0.33      0.53      0.58      0.38      0.00
Less: Preoperative Expenditure Capitalised      0.00      0.00      0.00      0.00      0.00
Profit before Interest, Depreciation & Tax      0.47      -0.19      0.25      0.26      0.00
Interest & Financial Charges      0.02      0.01      0.08      0.36      0.00
Profit before Depreciation & Tax      0.45      -0.20      0.17      -0.10      0.00
Depreciation      0.04      0.06      0.21      0.13      0.00
Profit Before Tax      0.41      -0.26      -0.03      -0.24      0.00
Tax      0.03      0.04      0.02      -0.08      0.00
Profit After Tax      0.38      -0.30      -0.05      -0.16      0.00
Adjustment below Net Profit      0.00      0.00      0.00      0.00      0.00
P & L Balance brought forward      -0.51      -0.21      -0.16      0.00      0.00
Appropriations      0.00      0.00      0.00      0.00      0.00
P & L Bal. carried down      -0.13      -0.51      -0.21      -0.16      0.00
Equity Dividend      0.00      0.00      0.00      0.00      0.00
Preference Dividend      0.00      0.00      0.00      0.00      0.00
Corporate Dividend Tax      0.00      0.00      0.00      0.00      0.00
Equity Dividend (%)      0.00      0.00      0.00      0.00      0.00
Earning Per Share (Rs.)      0.74      0.00      0.00      0.00      0.93
Book Value      10.62      8.21      9.27      -5.58      10.31
Extraordinary Items      0.00      0.00      0.00      0.00      0.00

Balance Sheet(Rs.in Crs.)

Year      Mar 17      Mar 16      Mar 15      Mar 14      Mar 13
Share Capital      5.09      2.84      2.84      0.10      0.10
Reserves & Surplus      0.32      -0.51      -0.21      -0.16      0.00
Total Shareholders Funds      5.41      2.33      2.63      -0.06      0.10
Secured Loans      0.00      0.00      0.00      0.00      0.00
Unsecured Loans      0.00      0.01      0.88      4.25      0.96
Total Debt      0.00      0.01      0.88      4.25      0.96
Total Liabilities      5.41      2.34      3.51      4.19      1.06
Gross Block      0.86      0.05      0.83      0.96      0.00
Less: Accum. Depreciation      0.00      0.00      0.00      0.00      0.00
Net Block      0.86      0.05      0.83      0.96      0.00
Capital Work in Progress      0.00      0.00      0.00      0.00      0.00
Investments      0.00      0.00      0.00      0.00      0.00
Inventories      1.43      1.14      2.25      2.57      2.54
Sundry Debtors      0.36      0.16      0.20      0.18      0.00
Cash and Bank Balance      2.88      0.30      0.11      0.06      0.07
Loans and Advances      0.76      1.25      2.40      2.80      1.10
Current Liabilities      0.80      0.44      2.29      2.38      2.64
Provisions      0.08      0.13      0.00      0.00      0.01
Net Current Assets      4.55      2.28      2.67      3.23      1.06
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00      0.00
Total Assets      5.41      2.33      3.50      4.19      1.06
Contingent Liabilities      0.00      0.00      0.00      0.00      0.00

Capital History
Year      Equity Capital       Remarks
201702      5.087        Preferential Allotment
201503      2.837        Loan Conversion
201301      0.1        Preferential Allotment
201212      0.028        Subscriber to MOA

Big avoid.

The company is in growing phase. In the last 3 years it has paid all his debts and has come for listing with no debt. Considering this, it seems that it will show a positive growth from now onwards.

Now a days all SME IPO are coming with hefty premiums and some how they are able to subscribe but listing with below issue price, 7NR Retails is also one of them, so don''t apply

Avoid

Do even think much about this .... Vry vry clear avoid ....

दोस्तों 7NR Retail IPO apply or not