SRS LTD
ABOUT SRS
SRS Ltd is a diversified company with a business portfolio comprising of Cinema Exhibition, Food and Beverages, Retail and Manufacturing & Retailing of jewellery. The company has a multi-domain presence across industries. This provides them with a robust business model which generates tremendous opportunities for business synergies.
SRS Cinema is the cinema exhibition brand under which the company operates a chain of cinema spread across five cities having 23 screens and 5802 seats. The food courts are run under the SRS 7dayz brand and the company operates 10 food courts across North and Central India.
SRS operates a chain of retail stores under the brand name SRS Value Bazaar that offer FMCG products including food and groceries, apparels, cosmetics/ home care/ personal care products, crockery, appliance, accessories, etc.
SRS procures jewellery from their 100% subsidiary, SRS Jewells Ltd having manufacturing facility at Patparaganj, New Delhi and through third parties. In this division, the company is into whole-selling and retailing of jewellery.
Financials
Sales of SRS increased from 3891cr in 2015 to 4120cr in 2016, a growth of 5.88%
Debt of company increased whereby interest burden on company increased from 70cr to 80cr
EPS of company went down from 1.48 to 1.43 due to increase in interest cost
Technicals.
SRS is showing positive trend for last 2 days. 20 days EMA and parabolic SAR is giving positive signal. Buy SRS with target of Rs.10
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