---
title: "Sri Arumuga Enterprise Ltd (507918) — Share Price, Financials & Analysis"
symbol: "507918"
company: "Sri Arumuga Enterprise Ltd"
canonical: "https://tapetide.com/stocks/507918"
isin: "INE240L01011"
bse_code: "507918"
generated_at: "2026-10-13T11:01:37.756Z"
---

# Sri Arumuga Enterprise Ltd (507918)

Canonical page: https://tapetide.com/stocks/507918

## Company

- **BSE Code:** 507918
- **ISIN:** INE240L01011
- **Stock Type:** EQUITY
- **Listed Since:** 2010-10-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** arumugaenterprise.com

## About

Sri Arumuga Enterprise Ltd., ventures in Textile, Sugar, Alcohol & Infrastructure businesses. The company was formerly known as New Horizon Leasing & Finance Ltd.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.24 times its book value
- Company's working capital requirements have reduced from 304 days to 95.9 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.67% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -162% | -52% | -14% |
| revenue growth | -83% | -5% | 52% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.96 | 1.52 | 0.78 | 0.25 | 1.61 | 1.02 | 5.02 | 1.48 | 0.9 | 0.25 | 0.2 | 0.24 |
| Expenses | 1.97 | 1.32 | 0.63 | 0.07 | 1.4 | 0.79 | 4.74 | 0.99 | 0.86 | 0.5 | 0.33 | 0.31 |
| Operating Profit | -0.01 | 0.2 | 0.15 | 0.18 | 0.21 | 0.23 | 0.28 | 0.49 | 0.04 | -0.25 | -0.13 | -0.07 |
| OPM % | -0.51 | 13.16 | 19.23 | 72 | 13.04 | 22.55 | 5.58 | 33.11 | 4.44 | -100 | -65 | -29.17 |
| Other Income | 0.03 | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0.01 | 0.37 | 0.38 | 0.13 |
| Interest | 0.07 | 0.08 | 0.07 | 0.13 | 0.09 | 0.12 | 0.13 | 0.34 | -0.05 | 0.08 | 0.11 | 0.12 |
| Depreciation | 0.05 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.06 | 0.07 | 0.09 | 0.06 | 0.06 | 0.06 |
| Profit before tax | -0.1 | 0.1 | 0.06 | 0.03 | 0.12 | 0.09 | 0.09 | 0.08 | 0.01 | -0.02 | 0.08 | -0.12 |
| Tax % | -10 | 30 | 33.33 | 33.33 | 25 | 33.33 | 33.33 | 37.5 | 1100 | 0 | 0 | 0 |
| Net Profit | -0.08 | 0.07 | 0.04 | 0.02 | 0.08 | 0.06 | 0.06 | 0.06 | -0.1 | -0.02 | 0.08 | -0.12 |
| EPS in Rs | -0.8 | 0.7 | 0.4 | 0.2 | 0.8 | 0.6 | 0.6 | 0.6 | -1 | -0.2 | 0.8 | -1.2 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0.23 | 0.82 | 1.02 | 1.42 | 9.77 | 6.78 | 4.16 | 8.41 | 1.59 |
| Expenses | 0.01 | 0.23 | 0.58 | 0.74 | 1.13 | 8.07 | 5.85 | 3.33 | 7.29 | 2 |
| Operating Profit | -0.01 | 0 | 0.24 | 0.28 | 0.29 | 1.7 | 0.93 | 0.83 | 1.12 | -0.41 |
| OPM % | — | 0 | 29.27 | 27.45 | 20.42 | 17.4 | 13.72 | 19.95 | 13.32 | -25.79 |
| Other Income | 0.09 | 0.23 | 0 | 0 | 0 | 0 | 0.07 | 0.02 | 0.01 | 0.89 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.33 | 0.39 | 0.46 | 0.62 | 0.26 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.08 | 0.13 | 0.09 | 0.23 | 0.27 |
| Profit before tax | 0.08 | 0.23 | 0.24 | 0.28 | 0.29 | 1.29 | 0.48 | 0.3 | 0.28 | -0.05 |
| Tax % | 25 | 34.78 | 8.33 | 32.14 | 31.03 | 37.98 | 29.17 | 30 | 67.86 | — |
| Net Profit | 0.06 | 0.15 | 0.22 | 0.19 | 0.2 | 0.81 | 0.34 | 0.21 | 0.09 | -0.16 |
| EPS in Rs | 0.6 | 1.5 | 2.2 | 1.9 | 2 | 8.1 | 3.4 | 2.1 | 0.9 | -1.6 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 30 | 12.35 | 17.65 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.98 | 0.98 | 0.98 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 0.03 | 0.09 | 0.24 | 0.46 | 0.65 | 0.77 | 11.46 | 11.72 | 11.93 | 12.02 |
| Borrowings | 0 | 0 | 10 | 19.06 | 18.96 | 20.42 | 16.85 | 16.19 | 18.1 | 14.93 |
| Other Liabilities | 0.1 | 0.1 | 0.28 | 0.07 | 0.19 | 0.34 | 2.49 | 2.62 | 1.82 | 3.01 |
| Total Liabilities | 1.11 | 1.17 | 11.5 | 20.59 | 20.8 | 22.53 | 31.8 | 31.53 | 32.85 | 30.96 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0.52 | 3.44 | 3.35 | 4.42 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.1 | 0.09 | 10 | 19 | 19 | 20 | 20 | 20 | 20 | 20 |
| Other Assets | 1.01 | 1.08 | 1.5 | 1.59 | 1.8 | 2.53 | 11.28 | 8.09 | 9.5 | 6.54 |
| Total Assets | 1.11 | 1.17 | 11.5 | 20.59 | 20.8 | 22.53 | 31.8 | 31.53 | 32.85 | 30.96 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | -0.08 | 0.56 | 0.14 | 0.48 | -0.1 | 0.76 | 1.11 | 0.86 |
| Cash from Investing Activity | — | — | -9.9 | -9 | 0 | -1 | -0.59 | -3.06 | 0 | -1.29 |
| Cash from Financing Activity | — | — | 10 | 9.02 | -0.1 | 1.04 | -0.44 | 2.3 | -0.92 | 0.57 |
| Net Cash Flow | — | — | 0.02 | 0.58 | 0.04 | 0.52 | -1.13 | 0 | 0.19 | 0.14 |
| Free Cash Flow | — | — | -0.08 | 0.56 | 0.14 | 0.48 | -0.69 | -2.3 | 1.11 | -0.43 |
| CFO/OP | — | — | — | 233 | 50 | 166 | -6 | 82 | 134 | 77 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | 2205.87 | 0 | 35.78 | 97.68 | 142.71 | 127.59 | 43.87 | 62.93 |
| Inventory Days | — | — | 0 | 0 | 0 | 195.35 | 212.29 | 363.15 | 807.62 | 159.5 |
| Days Payable | — | — | — | — | — | 25.7 | 76.93 | 119.2 | 79.28 | 75.87 |
| Cash Conversion Cycle | — | — | 2205.87 | 0 | 35.78 | 267.32 | 278.07 | 371.54 | 772.22 | 146.56 |
| Working Capital Days | — | — | 1904.35 | -31.16 | 322.06 | 197.92 | 202.49 | 270.79 | 544.87 | 95.92 |
| ROCE % | -15.45 | 7.69 | 3.74 | 1.51 | 1.36 | 1.36 | 6.29 | 2.99 | 2.54 | 3.05 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 |
| --- | --- | --- |
| Promoters | 61.45% | 61.45% |
| Public | 38.55% | 38.55% |
| No. of Shareholders | 758 | 758 |

### Quarterly

| Category | Jun 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.45% | 61.45% | 61.45% | 61.45% | 61.45% | 61.45% | 61.45% |
| Public | 38.55% | 38.55% | 38.55% | 38.55% | 38.55% | 38.55% | 38.55% |
| No. of Shareholders | 755 | 758 | 758 | 758 | 758 | 756 | 758 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2228.87 | Sell |
| EMA (10) | 2194.19 | Sell |
| SMA (20) | 2300.51 | Sell |
| EMA (20) | 2267.67 | Sell |
| SMA (50) | 2413.01 | Sell |
| EMA (50) | 2371.53 | Sell |
| SMA (100) | 2476.75 | Sell |
| EMA (100) | 2436.85 | Sell |
| SMA (200) | 2471.85 | Sell |
| EMA (200) | 2489.42 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 30.97 | Neutral |
| MACD (12,26,9) | -84.41 | Sell |
| Stochastic (14,3,3) | 12.61 | Buy |
| ADX (14) | 21.14 | Neutral |
| Williams %R (14) | -75.7 | Neutral |
| ATR (14) | 77.92 | High Volatility |
| ROC (12) | -9.16 | Sell |
| Stoch RSI (14) | 34.04 | Neutral |
| UO (7,14,28) | 39.75 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-01-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/312b55d6-e31f-4a7c-a2f9-89d997c48899.pdf) |
| 2025-11-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, November 14, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/78b89de4-3d17-41d1-a70e-46cc130bb4be.pdf) |
| 2025-11-14 | [Results For Half Year Ended On September 30, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/65fba82a-c599-4e54-9723-bd53153f1d00.pdf) |
| 2025-11-14 | [Statement Of Deviation Or Variation Of Funds Under Regulation 32 Of The SEBI (LODR) Regulations, 2015](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8795bc8d-22e9-478b-ab6e-9b064a98b202.pdf) |
| 2025-11-10 | [Board Meeting Outcome for Outcome Of Board Meeting Held On Monday, November 10, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e6b02008-1817-4271-808d-5766b002dfaa.pdf) |
| 2018-05-26 | [Standalone Financial Results, Limited Review Report for June 30, 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=B70336A8_EFBF_4E3F_B037_9858F43B6E8C_195006.pdf) |
| 2018-05-26 | [Standalone Financial Results, Limited Review Report for September 30, 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=CFE4E1A8_5537_4738_AF8E_95EDF4FDDB5A_195022.pdf) |
| 2018-05-26 | [Standalone Financial Results, Limited Review Report for December 31, 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=667C4977_6134_4E64_835D_F170C27755B8_195032.pdf) |
| 2018-05-26 | [Standalone Financial Results, Limited Review Report for June 30, 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/B70336A8_EFBF_4E3F_B037_9858F43B6E8C_195006.pdf) |
| 2018-05-26 | [Standalone Financial Results, Limited Review Report for September 30, 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/CFE4E1A8_5537_4738_AF8E_95EDF4FDDB5A_195022.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/867116e7-28e3-43f3-b808-326b786f3cca.pdf) |
| Mar 2017 | [Annual Report 2017](https://www.bseindia.com/bseplus/AnnualReport/507918/5079180317.pdf) |
| Mar 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport/507918/5079180314.pdf) |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/507918/5079180313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/507918/5079180312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/507918/5079180311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/507918/5079180310.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:37.756Z.