Shraddha Prime Projects Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Shraddha Prime Projects Ltd trades at ₹169, in a confirmed uptrend and 212 weeks into that stage. That is −4.1% against its own 200-day average. It sits at 47% of a 52-week range of ₹109 to ₹238. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (7 weeks and counting).

Today the stock is in a confirmed uptrend — week 212 of stage 2, confirmed. At ₹169 it trades −4.1% versus its 200-day average and sits at 47% of its 52-week range (₹109–₹238).

Against the market, two honest reads. Cumulative: over the last 10.0 years the stock moved +8,772% while the NIFTY 500 moved +249% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (7 weeks and counting; last ahead the week of 2026-01-16) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 1st percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Shraddha Prime Projects Ltd trades at 18.0× P/E, about the cheapest it has ever traded. Its long-run median P/E is 36.3×, measured across 2.8 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 18.0× is about the cheapest it has ever traded, against a long-run median of 36.3× measured over 2.8 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +276.5% against a +48.6% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Shraddha Prime Projects Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 1 curve, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

50.2/100 — rank 1 of 5 in Construction - Factories/Offices/Commercial · 63% evidence confidence

Shraddha Prime Projects Ltd scores 50.2 out of 100 against the 5 companies it is compared with in Construction - Factories/Offices/Commercial, ranking 1. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -51% and the one-year return is -4.6%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

The four contributions add to the total exactly: 23 + 11.7 + 10 + 5.5 = 50.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Shraddha Prime Projects Ltd reported ₹129 Cr of revenue in the Dec 25 quarter, +193.2% year on year. That is the 8th straight quarter of year-on-year growth. Over 2 years it has compounded at 316.3% a year. The last full year, FY25, came in at ₹156 Cr. The last four reported quarters add to ₹370 Cr.

Shraddha Prime Projects Ltd reported ₹129 Cr of revenue in the Dec 25 quarter, +193.2% year on year. That is the 8th straight quarter of year-on-year growth. Over 2 years it has compounded at 316.3% a year. The last full year, FY25, came in at ₹156 Cr. The last four reported quarters add to ₹370 Cr.

FY25 revenue came in at ₹156 Cr (+85.7% on the year), capping 2 years at 316.3% compound. The latest quarter (Dec 25) printed ₹129 Cr, +193.2% year on year — the 8th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +156.9% growth against the decade's 316.3% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +166.2% over the last 4 quarters against +144.3%/yr over the last 8 — accelerating; TTM profit +236.4% vs +62.6%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 16.0% this quarter (−10.0 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Shraddha Prime Projects Ltd's operating margin is 16.0% in the Dec 25 quarter, −10.0 percentage points against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 10.0% to 20.0%. The current quarter sits inside that band.

Shraddha Prime Projects Ltd's operating margin is 16.0% in the Dec 25 quarter, −10.0 percentage points against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 10.0% to 20.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 16.0%, −10.0 pp against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 10.0%–20.0%.

🚨 Why the margin moved: operating margin went −10.6 pp year on year while gross margin went −32.1 pp — the loss came mostly from the gross line: input costs and pricing.

→ Margins slipped — did that reach the bottom line? Next: profit +44.4% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Shraddha Prime Projects Ltd earned ₹13.0 Cr of net profit in the Dec 25 quarter, +44.4% year on year. It is the 3rd consecutive quarter of growth. Full-year FY25 profit was ₹25.0 Cr. That is 10.1% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr. 1 of the last 12 reported quarters were loss-making.

Shraddha Prime Projects Ltd earned ₹13.0 Cr of net profit in the Dec 25 quarter, +44.4% year on year. It is the 3rd consecutive quarter of growth. Full-year FY25 profit was ₹25.0 Cr. That is 10.1% of the quarter's revenue. The same quarter a year earlier earned ₹9.0 Cr. 1 of the last 12 reported quarters were loss-making.

Dec 25 profit was ₹13.0 Cr, +44.4% year on year — the 3rd consecutive quarter of growth. On the full year, FY25 printed ₹25.0 Cr (+257.1%).

Why profit moved: revenue contributed +193.2% and the margin −10.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +136.2% vs revenue +156.9%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: −441% of the last 2 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 2 fiscal years −441% of Shraddha Prime Projects Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹−75.0 Cr of operating cash against ₹25.0 Cr of profit. After ₹0.0 Cr of capital spending, ₹−75.0 Cr was left as free cash.

FY25: operating cash of ₹−75.0 Cr against reported profit of ₹25.0 Cr, leaving free cash of ₹−75.0 Cr after ₹0.0 Cr of capital spending. Across the last 2 fiscal years the conversion rate is −441% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −441%: the cash cycle stretched 19 days between FY23 and FY25 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 19 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 19-day cycle, in money terms.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Shraddha Prime Projects Ltd's cash conversion cycle runs 19 days in FY25, up from 0 days in FY23. Capital spending ran ₹−1.0 Cr over the last 2 years. At FY25 sales of ₹156 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹8.0 Cr sits inside the business at any moment.

FY25: debtors at 19 days (an asset-light business — no inventory to speak of) — for a full cycle of 19 days, looser than FY23's 0.

In money terms: at FY25 sales of ₹156 Cr, each day of the cycle holds about ₹0.4 Cr — so the 19-day loop keeps roughly ₹8.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹−1.0 Cr over the last 2 fiscal years. Capital work-in-progress stands at ₹0.0 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 16%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Shraddha Prime Projects Ltd earns a ROCE of 16% in FY25. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 16.0% net margin on 0.40× asset turns.

FY25 ROCE is 16%.

Why the return is what it is — the wiring (FY25): 16.0% net margin × 0.40× asset turns × 4.89× balance-sheet leverage ≈ 31.3% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 2.39.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Shraddha Prime Projects Ltd carries ₹189 Cr of borrowings against ₹79.0 Cr of equity in FY25, a debt-to-equity of 2.39. Over 2 years borrowings went from ₹88.0 Cr to ₹189 Cr. Capital spending ran ₹−1.0 Cr across the last 2 of those years.

FY25: borrowings of ₹189 Cr against equity of ₹79.0 Cr — a debt-to-equity of 2.39. Over 2 years borrowings went from ₹88.0 Cr to ₹189 Cr while capital spending ran ₹−1.0 Cr in just the last 2 — part of the build-out is riding on borrowed money.

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Shraddha Prime Projects Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −0.2 points over 8 quarters to 74.8%.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Shraddha Prime Projects Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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