---
title: "Proaim Enterprises Ltd(Merged (512105) — Share Price, Financials & Analysis"
symbol: "512105"
company: "Proaim Enterprises Ltd(Merged"
canonical: "https://tapetide.com/stocks/512105"
isin: "INE490J01032"
bse_code: "512105"
generated_at: "2026-10-13T10:59:59.259Z"
---

# Proaim Enterprises Ltd(Merged (512105)

Canonical page: https://tapetide.com/stocks/512105

## Company

- **BSE Code:** 512105
- **ISIN:** INE490J01032
- **Stock Type:** DELISTED
- **Listed Since:** 2008-05-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shreenathcommercial.com

## About

Proaim Enterprises Limited, formerly Shree Nath Commercial & Finance Limited, is engaged in share trading, finance and investments, and commodity trading. The Company's segments are Finance & Securities and Commodity Trading.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.03 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -1.66% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 108% | -31% | 15% |
| revenue growth | -100% | — | — |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0.86 | 0.14 | 0.17 | 4.6 | 0 | 0 | 0.42 | 2.19 | 0.41 | 0.31 | 0.28 | 0 |
| Expenses | 1.1 | 0.27 | 0.11 | 6.38 | 1.32 | 0.41 | 0.21 | 1.82 | 0.54 | 0.07 | 0.02 | 0.44 |
| Operating Profit | -0.24 | -0.13 | 0.06 | -1.78 | -1.32 | -0.41 | 0.21 | 0.37 | -0.13 | 0.24 | 0.26 | -0.44 |
| OPM % | -27.91 | -92.86 | 35.29 | -38.7 | — | — | 50 | 16.89 | -31.71 | 77.42 | 92.86 | — |
| Other Income | 0.01 | 0.14 | 0.19 | 2.03 | 0.3 | 0.45 | 0.01 | 0 | 0 | 0 | 0 | 0.4 |
| Interest | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 0.21 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.23 | 0.01 | 0.25 | -0.05 | -1.02 | 0.04 | 0.22 | 0.07 | -0.13 | 0.24 | 0.26 | -0.25 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 857.14 | 0 | 0 | 0 | 8 |
| Net Profit | -0.23 | 0.01 | 0.25 | -0.04 | -1.02 | 0.04 | 0.22 | -0.54 | -0.13 | 0.24 | 0.26 | -0.26 |
| EPS in Rs | -0.18 | 0.01 | 0.2 | -0.03 | -0.8 | 0.03 | 0.17 | -0.43 | -0.1 | 0.19 | 0.2 | -0.2 |

### Profit & Loss

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

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 29.11 | 14.76 | 8.17 | 7.37 | 4.88 | 5.5 | 9.39 | 8.14 | 2.59 | 0 |
| Expenses | 27.86 | 15.01 | 8.9 | 7.45 | 7.19 | 7.33 | 9.33 | 7.85 | 2.98 | 1.08 |
| Operating Profit | 1.25 | -0.25 | -0.73 | -0.08 | -2.31 | -1.83 | 0.06 | 0.29 | -0.39 | -1.08 |
| OPM % | 4.29 | -1.69 | -8.94 | -1.09 | -47.34 | -33.27 | 0.64 | 3.56 | -15.06 | — |
| Other Income | 0 | 0 | 0 | -0.07 | -0.02 | 0.05 | 0 | 0 | 0 | 1.4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.09 | 0.04 | 0.3 | 0.3 | 0.21 |
| Depreciation | 0.18 | 0.18 | 0.18 | 0.13 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1.07 | -0.43 | -0.91 | -0.28 | -2.33 | -1.87 | 0.02 | -0.01 | -0.69 | 0.11 |
| Tax % | 30.84 | 2.33 | -3.3 | -50 | 0 | -0.53 | -1500 | 0 | 86.96 | 18.18 |
| Net Profit | 0.74 | -0.44 | -0.87 | -0.15 | -2.33 | -1.86 | 0.31 | -0.01 | -1.3 | 0.1 |
| EPS in Rs | 0.62 | -0.37 | -0.69 | -0.12 | -1.83 | -1.46 | 0.24 | -0.01 | -1.02 | 0.08 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11.96 | 11.96 | 12.65 | 12.65 | 12.65 | 12.65 | 12.65 | 12.65 | 12.65 | 12.65 |
| Reserves | 0.07 | -0.38 | 17.45 | 17.3 | 14.97 | 13.1 | 13.22 | 13.16 | 9.66 | 10.9 |
| Borrowings | 3.56 | 2.54 | 3.07 | 2 | 2.1 | 2.1 | 5.04 | 3.44 | 3.68 | 3.57 |
| Other Liabilities | 0.71 | 0.18 | 0.16 | 0.1 | 1.13 | 0.04 | 0.02 | 0.01 | 0.32 | 0.18 |
| Total Liabilities | 16.3 | 14.3 | 33.33 | 32.05 | 30.85 | 27.89 | 30.93 | 29.26 | 26.31 | 27.3 |
| Fixed Assets | 0.87 | 0.69 | 0.52 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.26 | 0 | 8.05 | 7.99 | 2.43 | 0.39 | 12.41 | 10.99 | 6.88 | 7.95 |
| Other Assets | 15.17 | 13.61 | 24.76 | 24.04 | 28.42 | 27.5 | 18.52 | 18.27 | 19.43 | 19.35 |
| Total Assets | 16.3 | 14.3 | 33.33 | 32.05 | 30.85 | 27.89 | 30.93 | 29.26 | 26.31 | 27.3 |

### Cash Flow

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

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -3.65 | 0.67 | -12.11 | -0.38 | -3.34 | -0.22 | -3.06 | -3.34 | -3.56 | 1.29 |
| Cash from Investing Activity | -0.26 | 0.26 | -8.05 | 0.35 | 3.36 | 0.27 | 0 | 2.61 | 5.81 | 0.87 |
| Cash from Financing Activity | 3.56 | -1.02 | 19.92 | 0 | 0 | 0 | 4.03 | -0.3 | -0.06 | -0.3 |
| Net Cash Flow | -0.35 | -0.09 | -0.24 | -0.03 | 0.02 | 0.06 | 0.97 | -1.03 | 2.19 | 1.86 |
| Free Cash Flow | -3.65 | 0.67 | -12.11 | -0.09 | -3.34 | -0.07 | -3.06 | -3.34 | -3.56 | 1.29 |
| CFO/OP | -239 | -292 | 1652 | 475 | 144 | 11 | -5100 | -1152 | 759 | -119 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 2.38 | 0 | 4.91 | 13.37 | 90.5 | 0 | 3.89 | 4.48 | 0 | — |
| Inventory Days | 86.86 | 118.1 | 434.05 | 546.48 | 793.25 | 749.73 | 0 | 0 | 0 | — |
| Days Payable | 8.09 | 0 | 0.86 | 4.58 | 86.11 | 0.7 | — | — | — | — |
| Cash Conversion Cycle | 81.15 | 118.1 | 438.11 | 555.28 | 797.64 | 749.03 | 3.89 | 4.48 | 0 | — |
| Working Capital Days | 176.17 | 324.2 | 1094.55 | 1174.74 | 2018.72 | 1805.09 | 644.48 | 786.05 | 2356.29 | — |
| ROCE % | 7.96 | -2.89 | -3.85 | -0.64 | -7.49 | -6.25 | 0.2 | 0.96 | -1.41 | 1.21 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| Public | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% |
| No. of Shareholders | 1178 | 1184 | 1183 | 1178 | 1175 |

### Quarterly

| Category | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% | 0.06% |
| Public | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% | 99.94% |
| No. of Shareholders | 1183 | 1193 | 1184 | 1188 | 1188 | 1193 | 1183 | 1180 | 1177 | 1176 | 1178 | 1175 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 7 / 3

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 2950.71 | Sell |
| EMA (10) | 2926.76 | Buy |
| SMA (20) | 2891.02 | Buy |
| EMA (20) | 2901.46 | Buy |
| SMA (50) | 2828.6 | Buy |
| EMA (50) | 2880.58 | Buy |
| SMA (100) | 2953.35 | Sell |
| EMA (100) | 2832.69 | Buy |
| SMA (200) | 2672.02 | Buy |
| EMA (200) | 2641.27 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 55.17 | Neutral |
| MACD (12,26,9) | 30.96 | Sell |
| Stochastic (14,3,3) | 54.87 | Neutral |
| ADX (14) | 18.19 | Neutral |
| Williams %R (14) | -43.93 | Neutral |
| ATR (14) | 91.81 | High Volatility |
| ROC (12) | 2.17 | Buy |
| Stoch RSI (14) | 39.33 | Neutral |
| UO (7,14,28) | 55.88 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0140a56a-6d28-4827-b086-1b78b6daba79.pdf) |
| 2026-02-16 | [General Updates](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28b08e96-3e2a-4b1c-b641-cd46ce6b3907.pdf) |
| 2026-02-16 | [General Updates](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd581c1a-5f9f-4ab0-b021-e6e13dbd2d4e.pdf) |
| 2026-02-14 | [Board Meeting Outcome for Approval Of Un-Audited Financial Results (Standalone And Consolidated)For The Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82fcc133-2325-42b8-afcb-3d8ea0663021.pdf) |
| 2026-02-14 | [Approval Of Unaudited Financial Results (Standalone And Consolidated) For Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f4b8a9ee-c334-425a-a521-04867f94c589.pdf) |
| 2020-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=acfcab36-7afc-4007-8f7d-a548814805a9.pdf) |
| 2020-08-26 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/acfcab36-7afc-4007-8f7d-a548814805a9.pdf) |
| 2020-08-21 | [Outcome Of Shorter Notice Board Meeting Held On Today I.E. Friday 21St August, 2020.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1f16e9a0-66b3-4233-aec5-58745a0bdcb5.pdf) |
| 2020-08-21 | [Record Date For The Purposes Of The Scheme Of Amalgamation Between Proaim Enterprises Limited (First Transferor Company); Axon Ventures Limited (Second Transferor Company); Rockon Enterprises Limited (Third Transferor Company) With Banas Finance Limited (Transferee Company).](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20161f46-6e56-483a-8eca-5de3eaa1f409.pdf) |
| 2020-08-21 | [Disclosure Under Regulations 30 And 42 Of The SEBI (LODR) Regulations, 2015 ("Listing Regulations")](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=81c040cf-f23f-4aac-a3aa-44b7d6b6dc71.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5626ed51-bcd3-4420-ad17-f2560ec3a46e.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac712bc1-4ce5-49ba-af34-fdee786766a9.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d406eb8f-e451-40b3-9c5d-1ec312d5c0af.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/531921/76244531921.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/531921/71352531921.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/531921/66088531921_13_10_20.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/531921/5319210319.pdf) |
| Mar 2019 | [Annual Report 2019](https://www.bseindia.com/bseplus/AnnualReport/512105/5121050319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/531921/5319210318.pdf) |
| Mar 2018 | [Annual Report 2018](https://www.bseindia.com/bseplus/AnnualReport/512105/5121050318.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/893dd383-61a2-4571-816b-7d5c2df454bb.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0665e075-7f9a-4f73-9503-acc2674d3167.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f440ad35-afbf-4fed-a149-aec3c7969024.pdf) |
| Dec 2024 | [Concall - Dec 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae54e0bc-1ef4-4da1-a5d9-72ac40dc7659.pdf) |
| Jun 2024 | [Concall - Jun 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/717b9722-abf6-4bb8-afc5-cc76b7ba68bd.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00a19fa9-2941-4bd4-9d85-cc3c1138bc4d.pdf) |
| Feb 2024 | [Concall - Feb 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8b1deee7-2fe4-4f91-b6a4-15914d0818b2.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f7566f25-23f7-4b64-b944-11a247bf03d9.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a353f4f4-f643-4807-9fe0-a7a457d9dfa6.pdf) |
| Jun 2023 | [Concall - Jun 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/05c45a2b-c626-476f-8b39-9bba4016abe5.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-03-10 | Credit rating update — CRISIL |
| 2024-12-10 | Credit rating update — CRISIL |
| 2024-02-13 | Credit rating update — CRISIL |
| 2023-01-03 | Credit rating update — CRISIL |
| 2021-11-16 | Credit rating update — CARE Ratings |
| 2021-10-07 | Credit rating update — CRISIL |
| 2021-09-23 | Credit rating update — CRISIL |

---

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 2026-10-13T10:59:59.259Z.