Shrenik Limited (SHRENIK) AI Stock Analysis

Shrenik Limited

(NSE:SHRENIK)

Select Model

Rating:37Underperform

Price Target:INR 0.23▼(-10.00% Downside)

Action:reiterated

Date:10/20/26

The score is heavily impacted by severely distressed financial performance including negative equity and revenue declines, compounded by bearish technical momentum and poor valuation from negative P/E.

Positive Factors

Revenue reboundThe FY2026 revenue rebound indicates renewed demand or transaction activity across the company’s textile business. If sustained, higher volume can improve operating leverage, strengthen customer relationships, and provide a larger base from which to rebuild profitability over the next several quarters.

Negative Factors

Severely stressed balance sheetNegative equity combined with substantial debt represents a durable solvency weakness and leaves limited financial flexibility. It can restrict investment, increase dependence on refinancing or creditor support, and make the company more vulnerable if earnings weaken or obligations become harder to service.

Shrenik Limited (SHRENIK) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 122.40M
Dividend Yield: ―
Average Volume (3M): 512.26K
Price to Earnings (P/E): -119.0
Beta (1Y): 0.37
Revenue Growth: 77.46%
EPS Growth: -950.00%
Country: India
Employees: 4
Sector: General
Sector Strength: 55
Industry: Paper, Lumber & Forest Products

Shrenik Limited Business Overview & Revenue Model

Company Description

Shrenik Limited is an Indian enterprise primarily involved in the trading and conversion of a wide range of paper, pulp, and paperboard goods. Its business activities extend across the Indian states of Gujarat, Rajasthan, and Maharashtra. The company...

How the Company Makes Money

Shrenik Limited primarily makes money through the sale of textile products (e.g., denim and other fabrics) to business customers, generating revenue from manufacturing and/or trading volumes and the pricing spread/margins on those sales. Any addition...

Shrenik Limited Financial Statement Overview

Summary

Severe financial distress with negative equity since 2024, sharply declining revenues and assets, volatile cash flows, and persistent losses indicate high insolvency risk and operational challenges.

Income Statement

20Very Negative

Balance Sheet

10Very Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	356.04M	360.69M	181.00M	341.95M	485.56M	638.16M
Gross Profit	-3.59M	5.22M	2.64M	-1.08B	-808.51M	50.75M
EBITDA	-4.35M	851.00K	2.79M	-2.47B	41.63M	36.58M
Net Income	685.00K	1.64M	-894.00K	-2.36B	2.29M	-143.89M
Balance Sheet
Total Assets	0	56.08M	15.85M	28.56M	2.64B	3.59B
Cash, Cash Equivalents and Short-Term Investments	1.01M	1.01M	1.01M	10.02M	146.32K	260.17K
Total Debt	0	1.25B	1.23B	1.25B	1.46B	1.98B
Total Liabilities	1.76B	1.82B	1.78B	1.79B	2.04B	3.00B
Stockholders Equity	-1.76B	-1.76B	-1.76B	-1.76B	594.63M	592.34M
Cash Flow
Free Cash Flow	-5.06M	0	-1.28M	208.22M	46.84T	-76.59M
Operating Cash Flow	-5.06M	-11.27M	-1.28M	208.29M	46.85T	-76.55M
Investing Cash Flow	394.00K	4,000	22.00K	23.02M	19.67M	66.04M
Financing Cash Flow	4.67M	11.26M	-7.75M	-221.43M	-488.31M	-4.95M

Shrenik Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.26

Price Trends

50DMA0.27Negative

100DMA0.31Negative

200DMA0.35Negative

Market Momentum

MACD-0.01Negative

RSI52.88Neutral

STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHRENIK, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.27, and below the 200-day MA of 0.35, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 52.88 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHRENIK.

Shrenik Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SHRENIK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GREENPLY	59Neutral	INR 35.37B	35.74	―	0.18%	14.32%	13.11%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ARCHIDPLY	53Neutral	INR 1.84B	14.18	―	―	20.53%	―
IN:WIPL	49Neutral	INR 1.39B	1021.06	―	0.61%	-3.07%	-103.41%
IN:CENTURYPLY	48Neutral	INR 140.45B	48.54	―	0.16%	23.39%	43.60%
IN:GREENPANEL	45Neutral	INR 16.19B	240.54	―	0.38%	11.58%	-69.11%
IN:SHRENIK	37Underperform	INR 153.00M	-119.05	―	―	77.46%	-950.00%

* General Sector Average

Performance Comparison

IN:SHRENIK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SHRENIK	Shrenik Limited	0.25	-0.30	-54.55%
IN:ARCHIDPLY	Archidply Industries Limited	92.85	-4.66	-4.78%
IN:CENTURYPLY	Century Plyboards (India) Ltd.	632.15	-124.83	-16.49%
IN:GREENPANEL	Greenpanel Industries Ltd	132.05	-146.97	-52.67%
IN:GREENPLY	Greenply Industries Ltd	283.15	-15.58	-5.21%
IN:WIPL	Western India Plywoods Ltd.	163.37	-6.68	-3.93%

Shrenik Limited Corporate Events

Shrenik Limited Updates on Progress of Insolvency Resolution and CoC Meetings

Oct 25, 2026

Shrenik Limited, currently in a Corporate Insolvency Resolution Process, remains under the supervision of Resolution Professional CA Rahul Nareshbhai Shah, who was first appointed as Interim Resolution Professional and then confirmed by the Committee...

Shrenik Limited Schedules Third Creditors’ Meeting in Ongoing Insolvency Process

Oct 25, 2026

Shrenik Limited, which is in Corporate Insolvency Resolution Process under orders of the National Company Law Tribunal, has its operations overseen by a Resolution Professional and a Committee of Creditors representing its financial stakeholders. The...

Shrenik Limited updates on second creditors’ meeting in insolvency process

Oct 3, 2026

Shrenik Limited has reported the outcome of the second meeting of its Committee of Creditors, held on October 1, 2026, as part of the ongoing Corporate Insolvency Resolution Process initiated by the NCLT Ahmedabad in late July. The meeting, conducted...

Shrenik Limited Schedules First Committee of Creditors Meeting Under CIRP

Aug 24, 2026

Shrenik Limited has notified the National Stock Exchange that the first meeting of its Committee of Creditors will be held on August 29, 2026, at 12:30 p.m. IST, with participation allowed both physically and via video conferencing. This meeting mark...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 20, 2026

Shrenik Limited AI Stock Analysis