Shervani Indl. Synd.
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Shervani Industrial Syndicate issued a corrigendum on Wednesday correcting a major error in its previously disclosed financial results for the year ended March 31, 2026. Current borrowings were originally reported as ₹60.8 crore but have now been corrected to just ₹71 lakh. Non-current borrowings were correspondingly revised up from ₹11.19 crore to ₹71.28 crore, keeping total borrowings unchanged. The corrections also affected total current and non-current liabilities, effectively reclassifying nearly ₹60 crore of debt from short-term to long-term. The company attributed the discrepancy to a typographical error. The revision significantly improves the company's reported current ratio and liquidity profile for the period.
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Shervani Industrial Syndicate issued a corrigendum on Wednesday correcting a major error in its previously disclosed financial results for the year ended March 31, 2026. Current borrowings were originally reported as ₹60.8 crore but have now been corrected to just ₹71 lakh. Non-current borrowings were correspondingly revised up from ₹11.19 crore to ₹71.28 crore, keeping total borrowings unchanged. The corrections also affected total current and non-current liabilities, effectively reclassifying nearly ₹60 crore of debt from short-term to long-term. The company attributed the discrepancy to a typographical error. The revision significantly improves the company's reported current ratio and liquidity profile for the period.
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Feb 23 (Reuters) - Shervani Industrial Syndicate Ltd SHER.BO:
SHERVANI INDUSTRIAL SYNDICATE LTD - APPROVED BUYBACK OF SHARES WORTH UP TO 68.3 MILLION RUPEES
Source text for Eikon: ID:nBSE9xFXZg
Further company coverage: SHER.BO
(([email protected];;))
Feb 23 (Reuters) - Shervani Industrial Syndicate Ltd SHER.BO:
SHERVANI INDUSTRIAL SYNDICATE LTD - APPROVED BUYBACK OF SHARES WORTH UP TO 68.3 MILLION RUPEES
Source text for Eikon: ID:nBSE9xFXZg
Further company coverage: SHER.BO
(([email protected];;))
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What does Shervani Indl. Synd. do?
Shervani Industrial Syndicate Ltd is a company that specializes in real estate operations primarily in India.
Who are the competitors of Shervani Indl. Synd.?
Shervani Indl. Synd. major competitors are Landmark PropertyDev, Radhe Developers (I), Ansal Propert.&Infra, Parsvnath Developers, Dharan Infra-EPC, Homesfy Realty, Newtime Infrastruct.. Market Cap of Shervani Indl. Synd. is ₹73 Crs. While the median market cap of its peers are ₹89 Crs.
Is Shervani Indl. Synd. financially stable compared to its competitors?
Shervani Indl. Synd. seems to be less financially stable compared to its competitors. Altman Z score of Shervani Indl. Synd. is 1.01 and is ranked 6 out of its 8 competitors.
Does Shervani Indl. Synd. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Shervani Indl. Synd. latest dividend payout ratio is 20.18% and 3yr average dividend payout ratio is 13.24%
How has Shervani Indl. Synd. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Shervani Indl. Synd. balance sheet?
Shervani Indl. Synd. balance sheet is weak and might have solvency issues
Is the profitablity of Shervani Indl. Synd. improving?
No, profit is decreasing. The profit of Shervani Indl. Synd. is -₹0.73 Crs for TTM, ₹3.83 Crs for Mar 2025 and ₹30.85 Crs for Mar 2024.
Is the debt of Shervani Indl. Synd. increasing or decreasing?
Yes, The net debt of Shervani Indl. Synd. is increasing. Latest net debt of Shervani Indl. Synd. is ₹7.76 Crs as of Mar-26. This is greater than Mar-25 when it was -₹7.01 Crs.
Is Shervani Indl. Synd. stock expensive?
Shervani Indl. Synd. is not expensive. Latest PE of Shervani Indl. Synd. is 0, while 3 year average PE is 19.94. Also latest EV/EBITDA of Shervani Indl. Synd. is 0.0 while 3yr average is 16.22.
Has the share price of Shervani Indl. Synd. grown faster than its competition?
Shervani Indl. Synd. has given better returns compared to its competitors. Shervani Indl. Synd. has grown at ~-13.0% over the last 3yrs while peers have grown at a median rate of -20.78%
Is the promoter bullish about Shervani Indl. Synd.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Shervani Indl. Synd. is 62.07% and last quarter promoter holding is 62.07%.
Are mutual funds buying/selling Shervani Indl. Synd.?
There is Insufficient data to gauge this.