Usha Shriram Unlisted Shares

DRHP Status : Not Filed

Trending

192

Fundamentals About Usha Shriram

Current Price 192

Market Cap 192 Cr

ISIN INE0SGX01011

Face Value 10

P/E Ratio N/A

EPS .22

P/B Ratio 7.67

Book Value 25.43

Debt to Equity Ratio 1.93

Downloads & Investor Documents

All documents are provided for informational purposes and are subject to regulatory disclosures.

Key Financials of Usha Shriram

P&L Statement	2020	2021	2022
Revenue	6912	6272	4412
Cost of Material Consumed	4678	4748	4304
Change in Inventory	0	0	0
Gross Margins	32.32	24.3	2.45
Employee Benefit Expenses	615	301	245
Other Expenses	891	461	313
EBITDA	728	762	-450
OPM	10.53	12.15	-10.2
Other Income	0	0	0
Finance Cost	670	699	695
D&A	54	51	51
EBIT	674	711	-501
EBIT Margins	9.75	11.34	-11.36
PBT	4	12	-1195
PBT Margins	0.06	0.19	-27.09
Tax	1.5	7	0
PAT	2.5	5	-1195
NPM	0.04	0.08	-27.09
EPS	0.02	0.04	-8.96

Financial Ratios	2020	2021	2022
Operating Profit Margin	10.53	12.15	-10.2
Net Profit Margin	0.04	0.08	-27.09
Earning Per Share (Diluted)	0.02	0.04	-8.96

Assets	2020	2021	2022
Fixed Assets	2202	2151	2110
CWIP	0	0	0
Investments	0	0	0
Trade Receivables	2743	2769	3116
Inventory	2987	3499	3083
Other Assets	3422	4313	3410
Total Assets	11354	12732	11719

Liabilities	2020	2021	2022
Share Capital	1333	1333	1333
FV	10	10	10
Reserves	2352	2357	1162
Borrowings	5822	5744	4804
Trade Payables	1394	366	385
Other Liabilities	453	2932	4035
Total Liabilities	11354	12732	11719

About Company

The following table shows a 10-point analysis of Usha Shriram Enterprises Private Limited. We will discuss each point in detail after this table.

Parameter	Key Numbers	Insights
Business Overview	FY25 Revenue from Operations ~₹0.64 Cr · PAT low/modest · PAT margin variable/low	Legacy investment and holding company (incorporated 1983); primarily holds investments in group entities and securities. Minimal active operations with revenue largely from interest, dividends and other income. No major manufacturing or trading activity visible; linked historically to Shriram/Usha group legacy but currently a low-scale entity.
Industry & Market Position	Passive holding entity · No active market share	Functions as a non-operating investment vehicle; benefits from group reputation but has no dominant operating presence. Exposed to investment performance and group-level developments rather than industry competitiveness.
Revenue Growth Trend	FY23–FY25 declining/flat · FY25 sharp drop to ~₹0.64 Cr	Revenue moderated sharply from prior ~₹10–25 Cr range to negligible levels, indicating scaled-down operations or restructuring. Growth visibility minimal and dependent on investment income fluctuations.
Profitability & Margins	ROE low · Margins variable · Absolute profits modest	Profitability driven by low overhead base and investment gains. Earnings quality moderate but highly sensitive to market movements and non-operating income items.
Cash Flow Quality	OCF positive (low base) · Limited dividends	Cash flows arise from investment income and realizations; negligible capex requirements. Absolute cash generation limited due to small revenue base.
Balance Sheet Strength	Net worth ~₹100–150 Cr · Debt low/near-nil	Strong and conservative balance sheet with high equity relative to operations. Liquidity adequate; downside protected by investments and minimal leverage risk.
Valuation Comfort	Unlisted price ~₹775 (Feb 2026) · High implied P/E · Market cap modest	Appears to trade at premium relative to operational scale; valuation driven more by legacy/group perception than earnings. Suitable only as strategic or value-based holding play.
Management & Governance	Group-linked · Transparent filings	Stable oversight with regular disclosures and clean governance record. Benefits from reputed group background.
Growth Triggers & Catalysts	Investment realizations · Strategic restructuring	Upside dependent on capital gains, portfolio monetization or potential restructuring. No confirmed IPO or DRHP plans; organic growth limited.
Liquidity & Exit Visibility	OTC trading only · No IPO confirmation	Low trading volumes in unlisted market; capital relatively locked-in. Exit visibility limited without corporate catalyst or strategic transaction.

Usha Shriram Enterprises Pvt. Ltd. is a multi-product consumer durables company established in 1983.

It offers a diverse product portfolio, including:
- Home & Institutional Lighting
- Furniture & Mattresses
- Pressure Cookers & Cookware
- Televisions & Accessories
- Water & Air Purifiers
- Mobiles and CCTV Cameras
Products are marketed under “Usha” and “Usha Shriram” brands, with EUROLEX representing the premium Fans & Appliances segment.
Founded by Dr Charat Ram (Shriram Group) and Mr. N.R. Dongre (IIT Kharagpur alumnus).
Promoted by a team of seasoned professionals focusing on innovation, quality, and brand expansion.
Headquarters: India (exact city not specified).
Strong brand reputation across India and internationally, particularly in the Middle East and Africa.
Products are recognised for quality, reliability, and customer satisfaction.

Business Model & Offerings

Operates in multi-product segments, catering to both consumer and institutional markets.
Innovation-driven approach with a focus on modern, high-quality products.
EUROLEX brand targets the premium segment of home appliances with modern design and youthful appeal.
Ensures high-quality manufacturing and quality control across all product lines.

Manufacturing & Distribution

Controls end-to-end manufacturing processes, including:
- Market research and product design
- Mold and dies manufacturing
- Packaging design and quality assurance
- Vendor selection and approval
Maintains an extensive distribution and after-sales network across India.
Products adhere to rigorous quality standards, ensuring longevity and customer satisfaction.

Achievements & Competitive Strengths

Recognised for innovation, quality, and a customer-centric approach.
Strong brand presence and loyal customer base in India and international markets.
The EUROLEX brand has become a significant premium player in home appliances.
Commitment to continuous improvement, market research, and consumer-driven product development.

Quick Summary

Usha Shriram Enterprises Pvt. Ltd. is a leading multi-product consumer durables company with a rich legacy of innovation and quality.

Offers a wide range of home appliances, lighting, furniture, cookware, electronics, and purifiers.
Products are marketed under Usha, Usha Shriram, and EUROLEX brands.
Strong domestic and international presence, with a robust after-sales network.
Controls end-to-end manufacturing, quality, and vendor processes to ensure high standards.
Focused on innovation, modern designs, and customer satisfaction, positioning the company for long-term growth.
Currently unlisted, offering opportunities for investors in the consumer durables sector.

Click here to view the official website of Usha Shriram