Shetron Ltd

NSE: SHETRON BSE: 526137

₹100.95

(0.30%)

Tue, 13 Oct 2026, 09:39 am

MTF 5xInvest in Shetron Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)91.16

PE Ratio21.29

Dividend0.99

Process Industries

Containers/Packaging

24.5K

Shetron Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Interest expense on debt	-44.42M	-60.50M	-64.20M	-98.96M	-109.40M	-117.98M	-121.10M	-136.50M	-170.30M	-171.50M	-165.20M	-137.70M	-118.30M	-114.40M	-119.20M	-100.20M	-111.30M	-100.50M	-88.40M	-82.40M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	1.12B	1.21B	1.45B	1.45B	1.56B	1.76B	1.88B	1.80B	1.84B	1.81B	1.77B	1.68B	1.61B	1.55B	1.50B	1.47B	1.53B	1.50B	1.57B	1.51B
Total current assets	622.33M	572.66M	692.52M	672.44M	794.69M	891.34M	797.30M	712.10M	807.10M	833.70M	841.40M	1.02B	1.02B	1.02B	1.02B	1.00B	1.10B	1.01B	1.07B	1.01B
Cash and short term investments	28.08M	19.89M	42.87M	44.99M	41.50M	81.30M	78.10M	78.90M	90.10M	66.60M	95.10M	110.30M	51.50M	53.80M	61.90M	68.10M	60.40M	60.10M	55.20M	58.30M
Cash & equivalents	916.74K	3.57M	6.43M	4.50M	10.36M	9.72M	9.00M	5.70M	90.10M	66.60M	95.10M	107.00M	48.70M	50.70M	58.70M	6.80M	300.00K	1.70M	2.20M	1.60M
Short term investments	27.16M	16.33M	36.44M	40.49M	31.14M	71.58M	69.10M	73.20M	0	0	0	3.30M	2.80M	3.10M	3.20M	61.30M	60.10M	58.40M	53.00M	56.70M
Total receivables, net	290.57M	263.22M	266.35M	338.39M	430.74M	436.91M	315.90M	286.50M	304.30M	315.10M	312.30M	289.60M	340.20M	352.30M	332.50M	269.40M	286.40M	277.60M	307.40M	325.90M
Accounts receivable - trade, net	205.83M	176.20M	156.00M	218.44M	274.64M	255.83M	237.10M	215.70M	205.10M	204.50M	229.70M	288.80M	339.30M	291.40M	287.30M	268.80M	284.70M	275.80M	305.50M	324.40M
Other receivables	84.74M	87.02M	110.36M	119.96M	156.10M	181.09M	78.80M	70.80M	99.20M	110.60M	82.60M	800.00K	900.00K	60.90M	45.20M	600.00K	1.70M	1.80M	1.90M	1.50M
Total inventory	289.57M	272.18M	353.79M	241.24M	260.51M	313.72M	387.60M	331.00M	395.60M	434.80M	409.50M	424.00M	468.70M	570.90M	590.90M	554.00M	607.40M	549.80M	583.10M	523.90M
Other current assets, total	2.70M	3.60M	3.62M	3.14M	3.12M	0	13.90M	4.40M	5.10M	5.30M	8.10M	194.40M	153.70M	39.80M	24.40M	106.30M	135.00M	105.90M	109.60M	93.60M
Total non-current assets	492.75M	639.26M	760.38M	780.98M	767.36M	865.91M	1.08B	1.09B	1.03B	974.87M	925.76M	662.40M	593.80M	529.30M	482.60M	467.80M	435.70M	495.50M	502.90M	502.80M
Long term investments	0	9.95M	9.95M	9.95M	10.55M	600.00K	14.70M	59.70M	166.47M	187.66M	200.87M	1.10M	1.60M	42.90M	1.10M	1.10M	1.10M	1.60M	1.60M	1.60M
Note receivable - long term	—	—	—	—	—	—	14.10M	59.10M	165.87M	187.06M	200.26M	148.56M	—	—	—	—	—	—	—	—
Investments in unconsolidated subsidiaries	0	9.95M	9.95M	9.95M	9.95M	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	600.00K	600.00K	600.00K	600.00K	600.00K	600.00K	600.00K	1.10M	1.60M	42.90M	1.10M	1.10M	1.10M	1.60M	1.60M	1.60M
Net property/plant/equipment	445.25M	588.06M	712.71M	745.86M	754.20M	849.94M	909.50M	843.70M	822.60M	748.50M	677.10M	597.20M	550.00M	473.40M	446.50M	410.40M	382.30M	441.60M	451.50M	460.00M
Gross property/plant/equipment	801.82M	985.68M	1.16B	1.22B	1.28B	1.45B	1.59B	1.61B	1.68B	1.69B	1.70B	1.48B	1.51B	1.42B	1.53B	1.55B	1.57B	1.68B	1.75B	1.82B
Deferred tax assets	—	—	—	—	—	—	—	39.70M	40.40M	34.60M	27.10M	31.80M	9.90M	1.00M	0	0	—	—	—	—
Net intangible assets	0	0	0	0	0	13.98M	4.00M	4.10M	4.10M	4.10M	20.70M	20.30M	20.30M	0	23.00M	23.00M	23.00M	23.00M	23.00M	23.00M
Goodwill, net	—	—	—	—	—	13.98M	0	4.10M	4.10M	4.10M	20.70M	20.30M	20.30M	0	23.00M	23.00M	23.00M	23.00M	23.00M	23.00M
Other intangibles, net	—	—	—	—	—	0	4.00M	0	0	0	0	0	0	0	0	0	0	0	0	0
Other long term assets, total	0	0	0	0	0	0	149.60M	143.80M	0	0	0	12.00M	12.00M	12.00M	12.00M	33.30M	29.30M	29.30M	26.80M	18.20M
Short term debt	190.21M	227.04M	189.24M	279.98M	246.12M	289.34M	407.20M	301.80M	332.00M	368.80M	459.90M	470.00M	523.10M	397.00M	431.70M	400.10M	342.50M	362.10M	368.30M	321.70M
Current portion of LT debt and capital leases	66.50M	66.50M	—	—	—	—	102.50M	17.00M	50.20M	82.80M	107.10M	136.90M	183.00M	31.50M	58.10M	68.90M	37.00M	41.70M	41.80M	41.60M
Short term debt excl. current portion of LT debt	123.71M	160.54M	189.24M	279.98M	246.12M	289.34M	304.70M	284.80M	281.80M	286.00M	352.80M	333.10M	340.10M	365.50M	373.60M	331.20M	305.50M	320.40M	326.50M	280.10M
Accounts payable	137.38M	104.92M	192.29M	140.05M	132.71M	189.71M	226.89M	195.50M	255.40M	276.10M	246.00M	307.90M	366.20M	293.40M	252.00M	263.70M	361.40M	269.90M	310.00M	395.70M
Income tax payable	4.00M	20.02M	35.02M	41.52M	43.42M	43.37M	900.00K	700.00K	1.20M	2.90M	8.00M	11.50M	17.40M	6.50M	9.60M	9.60M	31.60M	1.20M	400.00K	16.00M
Long term debt	368.52M	297.40M	428.71M	385.16M	534.60M	621.16M	691.00M	779.90M	739.60M	626.10M	514.80M	397.10M	213.60M	359.00M	344.00M	356.10M	308.90M	318.60M	278.60M	138.70M
Long term debt excl. lease liabilities	366.84M	296.48M	425.23M	382.92M	533.98M	620.89M	691.00M	779.90M	739.60M	626.10M	514.80M	397.10M	213.60M	359.00M	344.00M	356.10M	308.90M	318.60M	278.60M	138.70M
Total equity	303.06M	442.42M	474.05M	486.53M	477.20M	479.23M	446.80M	410.10M	403.37M	415.67M	423.67M	378.90M	397.90M	408.40M	420.60M	399.00M	448.20M	503.60M	564.40M	586.20M
Shareholders' equity	303.06M	442.42M	474.05M	486.53M	477.20M	479.23M	437.30M	402.20M	393.87M	403.87M	423.46M	378.90M	397.90M	408.40M	420.60M	399.00M	448.20M	503.60M	564.40M	586.20M
Common equity, total	303.06M	442.42M	474.05M	486.53M	477.20M	479.23M	437.30M	402.20M	393.87M	403.87M	423.46M	378.90M	397.90M	408.40M	420.60M	399.00M	448.20M	503.60M	564.40M	586.20M
Other common equity	131.92M	141.27M	172.90M	185.39M	176.06M	179.58M	136.20M	101.10M	82.00M	82.10M	82.00M	22.00M	22.00M	22.00M	22.00M	22.00M	22.00M	22.00M	22.00M	20.50M
Total debt	558.73M	524.44M	617.95M	665.13M	780.72M	910.50M	1.10B	1.08B	1.07B	994.90M	974.70M	867.10M	736.70M	756.00M	775.70M	756.20M	651.40M	680.70M	646.90M	460.40M
Net debt	530.65M	504.55M	575.08M	620.14M	739.22M	829.19M	1.02B	1.00B	981.50M	928.30M	879.60M	756.80M	685.20M	702.20M	713.80M	688.10M	591.00M	620.60M	591.70M	402.10M
Change in accounts receivable	-11.80M	26.40M	-3.20M	-69.60M	-92.30M	-3.80M	4.60M	-23.50M	15.60M	5.80M	57.00M	-59.10M	-50.50M	69.70M	4.10M	-2.70M	-15.90M	8.90M	-29.70M	-18.90M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	3.70M	-34.20M	90.90M	-46.90M	-800.00K	61.20M	56.60M	-146.80M	89.00M	71.40M	-43.10M	79.70M	110.20M	—	—	—	—	—	—	—
Change in other assets/liabilities	—	0	0	—	0	0	53.70M	-39.00M	-41.40M	-42.20M	39.20M	66.00M	5.00M	-217.10M	-84.70M	16.60M	69.50M	-100.60M	70.50M	118.30M
Sale of fixed assets & businesses	0	0	0	3.70M	600.00K	900.00K	0	0	0	300.00K	0	800.00K	40.00M	0	0	0	0	0	0	0
Purchase/sale of investments, net	0	-10.00M	0	0	-600.00K	10.00M	0	0	0	0	0	-500.00K	-500.00K	1.20M	41.80M	0	0	-500.00K	0	0
Sale/maturity of investments	0	0	0	0	0	10.00M	0	0	0	0	0	0	0	1.20M	41.80M	0	0	0	0	0
Purchase of investments	0	-10.00M	0	0	-600.00K	0	0	0	0	0	0	-500.00K	-500.00K	0	0	0	0	-500.00K	0	0
Other investing cash flow items, total	13.00M	117.00M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	-80.70M	-34.20M	87.00M	47.20M	115.60M	129.80M	132.10M	88.90M	-40.30M	-113.50M	-111.30M	-112.80M	-185.20M	144.20M	-15.50M	22.50M	-47.20M	9.70M	-40.80M	-139.90M
Issuance/retirement of long term debt	-92.50M	-31.00M	73.50M	47.20M	115.60M	129.80M	132.10M	88.90M	-40.30M	-113.50M	-111.30M	-112.80M	-185.20M	144.20M	-15.50M	22.50M	-47.20M	9.70M	-40.80M	-139.90M
Issuance/retirement of short term debt	11.80M	-3.20M	13.50M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-4.50M	-4.50M	-9.00M
Other financing cash flow items, total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Particulars	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Interest expense on debt	-44.42M	-60.50M	-64.20M	-98.96M	-109.40M	-117.98M	-121.10M	-136.50M	-170.30M	-171.50M	-165.20M	-137.70M	-118.30M	-114.40M	-119.20M	-100.20M	-111.30M	-100.50M	-88.40M	-82.40M
Pretax equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	1.12B	1.21B	1.45B	1.45B	1.56B	1.76B	1.88B	1.80B	1.84B	1.81B	1.77B	1.68B	1.61B	1.55B	1.50B	1.47B	1.53B	1.50B	1.57B	1.51B
Total current assets	622.33M	572.66M	692.52M	672.44M	794.69M	891.34M	797.30M	712.10M	807.10M	833.70M	841.40M	1.02B	1.02B	1.02B	1.02B	1.00B	1.10B	1.01B	1.07B	1.01B
Cash and short term investments	28.08M	19.89M	42.87M	44.99M	41.50M	81.30M	78.10M	78.90M	90.10M	66.60M	95.10M	110.30M	51.50M	53.80M	61.90M	68.10M	60.40M	60.10M	55.20M	58.30M
Cash & equivalents	916.74K	3.57M	6.43M	4.50M	10.36M	9.72M	9.00M	5.70M	90.10M	66.60M	95.10M	107.00M	48.70M	50.70M	58.70M	6.80M	300.00K	1.70M	2.20M	1.60M
Short term investments	27.16M	16.33M	36.44M	40.49M	31.14M	71.58M	69.10M	73.20M	0	0	0	3.30M	2.80M	3.10M	3.20M	61.30M	60.10M	58.40M	53.00M	56.70M
Total receivables, net	290.57M	263.22M	266.35M	338.39M	430.74M	436.91M	315.90M	286.50M	304.30M	315.10M	312.30M	289.60M	340.20M	352.30M	332.50M	269.40M	286.40M	277.60M	307.40M	325.90M
Accounts receivable - trade, net	205.83M	176.20M	156.00M	218.44M	274.64M	255.83M	237.10M	215.70M	205.10M	204.50M	229.70M	288.80M	339.30M	291.40M	287.30M	268.80M	284.70M	275.80M	305.50M	324.40M
Other receivables	84.74M	87.02M	110.36M	119.96M	156.10M	181.09M	78.80M	70.80M	99.20M	110.60M	82.60M	800.00K	900.00K	60.90M	45.20M	600.00K	1.70M	1.80M	1.90M	1.50M
Total inventory	289.57M	272.18M	353.79M	241.24M	260.51M	313.72M	387.60M	331.00M	395.60M	434.80M	409.50M	424.00M	468.70M	570.90M	590.90M	554.00M	607.40M	549.80M	583.10M	523.90M
Other current assets, total	2.70M	3.60M	3.62M	3.14M	3.12M	0	13.90M	4.40M	5.10M	5.30M	8.10M	194.40M	153.70M	39.80M	24.40M	106.30M	135.00M	105.90M	109.60M	93.60M
Total non-current assets	492.75M	639.26M	760.38M	780.98M	767.36M	865.91M	1.08B	1.09B	1.03B	974.87M	925.76M	662.40M	593.80M	529.30M	482.60M	467.80M	435.70M	495.50M	502.90M	502.80M
Long term investments	0	9.95M	9.95M	9.95M	10.55M	600.00K	14.70M	59.70M	166.47M	187.66M	200.87M	1.10M	1.60M	42.90M	1.10M	1.10M	1.10M	1.60M	1.60M	1.60M
Note receivable - long term	—	—	—	—	—	—	14.10M	59.10M	165.87M	187.06M	200.26M	148.56M	—	—	—	—	—	—	—	—
Investments in unconsolidated subsidiaries	0	9.95M	9.95M	9.95M	9.95M	—	—	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	0	0	0	0	600.00K	600.00K	600.00K	600.00K	600.00K	600.00K	600.00K	1.10M	1.60M	42.90M	1.10M	1.10M	1.10M	1.60M	1.60M	1.60M
Net property/plant/equipment	445.25M	588.06M	712.71M	745.86M	754.20M	849.94M	909.50M	843.70M	822.60M	748.50M	677.10M	597.20M	550.00M	473.40M	446.50M	410.40M	382.30M	441.60M	451.50M	460.00M
Gross property/plant/equipment	801.82M	985.68M	1.16B	1.22B	1.28B	1.45B	1.59B	1.61B	1.68B	1.69B	1.70B	1.48B	1.51B	1.42B	1.53B	1.55B	1.57B	1.68B	1.75B	1.82B
Deferred tax assets	—	—	—	—	—	—	—	39.70M	40.40M	34.60M	27.10M	31.80M	9.90M	1.00M	0	0	—	—	—	—
Net intangible assets	0	0	0	0	0	13.98M	4.00M	4.10M	4.10M	4.10M	20.70M	20.30M	20.30M	0	23.00M	23.00M	23.00M	23.00M	23.00M	23.00M
Goodwill, net	—	—	—	—	—	13.98M	0	4.10M	4.10M	4.10M	20.70M	20.30M	20.30M	0	23.00M	23.00M	23.00M	23.00M	23.00M	23.00M
Other intangibles, net	—	—	—	—	—	0	4.00M	0	0	0	0	0	0	0	0	0	0	0	0	0
Other long term assets, total	0	0	0	0	0	0	149.60M	143.80M	0	0	0	12.00M	12.00M	12.00M	12.00M	33.30M	29.30M	29.30M	26.80M	18.20M
Short term debt	190.21M	227.04M	189.24M	279.98M	246.12M	289.34M	407.20M	301.80M	332.00M	368.80M	459.90M	470.00M	523.10M	397.00M	431.70M	400.10M	342.50M	362.10M	368.30M	321.70M
Current portion of LT debt and capital leases	66.50M	66.50M	—	—	—	—	102.50M	17.00M	50.20M	82.80M	107.10M	136.90M	183.00M	31.50M	58.10M	68.90M	37.00M	41.70M	41.80M	41.60M
Short term debt excl. current portion of LT debt	123.71M	160.54M	189.24M	279.98M	246.12M	289.34M	304.70M	284.80M	281.80M	286.00M	352.80M	333.10M	340.10M	365.50M	373.60M	331.20M	305.50M	320.40M	326.50M	280.10M
Accounts payable	137.38M	104.92M	192.29M	140.05M	132.71M	189.71M	226.89M	195.50M	255.40M	276.10M	246.00M	307.90M	366.20M	293.40M	252.00M	263.70M	361.40M	269.90M	310.00M	395.70M
Income tax payable	4.00M	20.02M	35.02M	41.52M	43.42M	43.37M	900.00K	700.00K	1.20M	2.90M	8.00M	11.50M	17.40M	6.50M	9.60M	9.60M	31.60M	1.20M	400.00K	16.00M
Long term debt	368.52M	297.40M	428.71M	385.16M	534.60M	621.16M	691.00M	779.90M	739.60M	626.10M	514.80M	397.10M	213.60M	359.00M	344.00M	356.10M	308.90M	318.60M	278.60M	138.70M
Long term debt excl. lease liabilities	366.84M	296.48M	425.23M	382.92M	533.98M	620.89M	691.00M	779.90M	739.60M	626.10M	514.80M	397.10M	213.60M	359.00M	344.00M	356.10M	308.90M	318.60M	278.60M	138.70M
Total equity	303.06M	442.42M	474.05M	486.53M	477.20M	479.23M	446.80M	410.10M	403.37M	415.67M	423.67M	378.90M	397.90M	408.40M	420.60M	399.00M	448.20M	503.60M	564.40M	586.20M
Shareholders' equity	303.06M	442.42M	474.05M	486.53M	477.20M	479.23M	437.30M	402.20M	393.87M	403.87M	423.46M	378.90M	397.90M	408.40M	420.60M	399.00M	448.20M	503.60M	564.40M	586.20M
Common equity, total	303.06M	442.42M	474.05M	486.53M	477.20M	479.23M	437.30M	402.20M	393.87M	403.87M	423.46M	378.90M	397.90M	408.40M	420.60M	399.00M	448.20M	503.60M	564.40M	586.20M
Other common equity	131.92M	141.27M	172.90M	185.39M	176.06M	179.58M	136.20M	101.10M	82.00M	82.10M	82.00M	22.00M	22.00M	22.00M	22.00M	22.00M	22.00M	22.00M	22.00M	20.50M
Total debt	558.73M	524.44M	617.95M	665.13M	780.72M	910.50M	1.10B	1.08B	1.07B	994.90M	974.70M	867.10M	736.70M	756.00M	775.70M	756.20M	651.40M	680.70M	646.90M	460.40M
Net debt	530.65M	504.55M	575.08M	620.14M	739.22M	829.19M	1.02B	1.00B	981.50M	928.30M	879.60M	756.80M	685.20M	702.20M	713.80M	688.10M	591.00M	620.60M	591.70M	402.10M
Change in accounts receivable	-11.80M	26.40M	-3.20M	-69.60M	-92.30M	-3.80M	4.60M	-23.50M	15.60M	5.80M	57.00M	-59.10M	-50.50M	69.70M	4.10M	-2.70M	-15.90M	8.90M	-29.70M	-18.90M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	3.70M	-34.20M	90.90M	-46.90M	-800.00K	61.20M	56.60M	-146.80M	89.00M	71.40M	-43.10M	79.70M	110.20M	—	—	—	—	—	—	—
Change in other assets/liabilities	—	0	0	—	0	0	53.70M	-39.00M	-41.40M	-42.20M	39.20M	66.00M	5.00M	-217.10M	-84.70M	16.60M	69.50M	-100.60M	70.50M	118.30M
Sale of fixed assets & businesses	0	0	0	3.70M	600.00K	900.00K	0	0	0	300.00K	0	800.00K	40.00M	0	0	0	0	0	0	0
Purchase/sale of investments, net	0	-10.00M	0	0	-600.00K	10.00M	0	0	0	0	0	-500.00K	-500.00K	1.20M	41.80M	0	0	-500.00K	0	0
Sale/maturity of investments	0	0	0	0	0	10.00M	0	0	0	0	0	0	0	1.20M	41.80M	0	0	0	0	0
Purchase of investments	0	-10.00M	0	0	-600.00K	0	0	0	0	0	0	-500.00K	-500.00K	0	0	0	0	-500.00K	0	0
Other investing cash flow items, total	13.00M	117.00M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of debt, net	-80.70M	-34.20M	87.00M	47.20M	115.60M	129.80M	132.10M	88.90M	-40.30M	-113.50M	-111.30M	-112.80M	-185.20M	144.20M	-15.50M	22.50M	-47.20M	9.70M	-40.80M	-139.90M
Issuance/retirement of long term debt	-92.50M	-31.00M	73.50M	47.20M	115.60M	129.80M	132.10M	88.90M	-40.30M	-113.50M	-111.30M	-112.80M	-185.20M	144.20M	-15.50M	22.50M	-47.20M	9.70M	-40.80M	-139.90M
Issuance/retirement of short term debt	11.80M	-3.20M	13.50M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total cash dividends paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-4.50M	-4.50M	-9.00M
Other financing cash flow items, total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0