Business Profile and Operations

Shree Ram Proteins Limited is an Indian company engaged in the cotton seed extraction and solvent extraction business. Its product range includes cotton linter, seed hull, seed meal, seed wash oil, and seed refine oil, alongside soyabean meal, rapeseed meal, groundnut meal, and raw cotton bales. The company also exports its products.

Shree Ram Proteins Limited was incorporated as a Private Limited Company named "Shree Ram Protiens Private Limited" on August 29, 2008, and later converted to a Public Limited Company, changing its name to Shree Ram Proteins Limited on October 6, 2017. It is recognized as a leading cottonseed processing company in Saurashtra, Gujarat, with significant expertise in oils and cattle feed.

The company employs a sophisticated three-stage manufacturing process. Currently, it is involved in the de-linting and de-hulling of cotton seeds via a mechanical process, oil extraction from cotton seeds, and solvent extraction from cotton seeds oil cake and ground nuts. The manufacturing stages include:

1. De-linting and de-hulling of Cotton seeds: This stage produces shot fiber (linter) and de-linted cotton seeds.

2. Cotton seeds oil extraction process: This yields pre-refined oil and various by-products.

The company is promoted by experienced individuals with extensive business backgrounds in the sector. It operates a solvent extraction plant with a capacity of 400 MTPD. The manufacturing facility is situated in Bhunava, Rajkot, India.

Product Portfolio and Applications

Shree Ram Proteins Limited offers a diverse product range catering to multiple industries and applications:

- Cotton Linter: Used in the manufacturing of papers and as raw material for cellulose production, which is further processed for medical and cosmetic applications.

- Cotton Seed Meal (DOM), Cotton Seed Hull, Cotton Seed Wash Oil, Cotton Seed Refine Oil: These are primarily used as animal feeds or processed further into edible oil.

- Soyabean Meal, Rapeseed Meal, Groundnut Meal: These are also components used in animal feed.

- Raw Cotton Bales: Basic raw material for textile industries.

The cotton seed oil cake and de-oiled cake are utilized as components in animal feeds, while the de-hulled cotton seed oil is further refined for edible oil production.

Financial Performance and Market Position

As of July 28, 2025, the closing stock price for Shree Ram Proteins Ltd was ₹0.61. The company's Price-to-Earnings (PE) ratio as of the same date was 0.00. The 52-week trading range for the stock was between ₹0.46 (low) and ₹1.95 (high).

The market capitalization, calculated by multiplying the current share price by the total outstanding shares, was approximately ₹25-30 Crores as of July 28, 2025, based on available data.

The company has encountered financial challenges in recent periods. Shree Ram Proteins Ltd reported a net loss of ₹-4.32 Crores for Q4 FY2024-2025, a decline of 30.12% compared to the same period last year. The reported revenue for March 2025 (Q4 FY25) was ₹0.00 Crores.

On a trailing twelve-month (TTM) basis, the company reported challenging operational metrics, including an operating revenue of ₹76.77 Crores. The annual revenue de-growth stands at -91%, indicating a significant need for improvement. Furthermore, a pre-tax margin of -68% and a Return on Equity (ROE) of -20% are considered poor and require substantial improvement.

Key Financial Metrics

- Market Cap: ₹25-30 Crores (as of July 2025)

- 52-Week Range: ₹0.46 - ₹1.95

- Q4 FY25 Net Loss: ₹-4.32 Crores

- TTM Operating Revenue: ₹76.77 Crores

- ROE (TTM): -20%

- Debt-to-Equity Ratio: 22%

The company exhibits a reasonable Debt-to-Equity ratio of 22%, suggesting a relatively healthy balance sheet. However, it faces challenges with a low interest coverage ratio.

Management and Leadership

The company's operations are led by Chairperson Lalitkumar Chandulal Vasoya, who also serves as the Company Secretary for Shree Ram Proteins Ltd. The management team comprises experienced professionals with deep expertise in cottonseed processing and agricultural commodity trading.

Shareholding Pattern and Corporate Governance

The shareholding structure reveals areas of concern, particularly regarding promoter holding. As of March 2025, the promoter holding stood at a low 4.08%, a decrease from 4.31% recorded in December 2023. This declining trend in promoter holding is a noteworthy point for investors.

Stock Exchange Listings and Trading Information

Shree Ram Proteins Limited is listed on the BSE (BSE Code: [Not Provided]) and the NSE (NSE Symbol: SRPL) with ISIN: INE008Z01020. The company's registered office is located at Office No 1206, 12th Floor, The Spire 2, Near Shital Park Chowk, 150 Ft Ring Road, Rajkot-360001, Gujarat. The stock is traded on both major Indian exchanges, which contributes to investor liquidity.

Industry Position and Competitive Landscape

Shree Ram Proteins Ltd operates within the highly competitive edible oil and agricultural processing sector. Key peers in this industry include Marico Ltd, Adani Wilmar Ltd, Gokul Agro Resources Ltd, KN Agri Resources Ltd, and Gokul Refoils and Solvent Ltd. Established players currently dominate market share in this segment.

Investment Considerations and Risk Factors

The stock presents several challenges for potential investors. Based on the O'Neil Methodology:

- EPS Rank: 9 (POOR score, indicating inconsistent earnings).

- RS Rating: 10 (POOR, indicating underperformance compared to other stocks).

- Buyer Demand: E (Heavy supply).

- Group Rank: 69 (Belongs to a poor industry group: Food-Packaged).

- Master Score: E (Worst score).

Overall, the stock demonstrates poor technical strength and weak fundamentals. Superior investment opportunities are available in the current market environment. It is important to note that this is a thinly traded stock.

Despite operational challenges, Shree Ram Proteins Ltd maintains its position within the essential agricultural processing sector, serving both domestic and export markets with its diversified product portfolio.