Shalimar Wires

Who are the top shareholders of the Shalimar Wires?

The top shareholders of Shalimar Wires include Sunita Khaitan, who holds 23.67%, and Asset Reconstruction Company (India) Ltd., with 25.95%. Individual investors own 5.82%, while there are currently no holdings from mutual funds or foreign institutional investors.

The top shareholders of Shalimar Wires include the promoters, who hold the majority of the shares. The promoter with the highest holding is Sunita Khaitan, owning 23.67% of the company. Additionally, the highest public shareholder is Asset Reconstruction Company (India) Ltd., which holds 25.95%. Individual investors collectively own 5.82% of the shares. It's also worth noting that there are no holdings from mutual funds or foreign institutional investors (FIIs) at this time.

Who are in the management team of Shalimar Wires?

As of March 2022, the management team of Shalimar Wires includes Sunil Khaitan (Chairman & Managing Director), S K Kejriwal (Vice President & Company Secretary), Trishna Guha (Independent Director), Parmanand Tiwari (Director), RAJIVA (Director), and Vedant Khaitan (Joint Managing Director).

As of March 2022, the management team of Shalimar Wires includes the following individuals:<BR><BR>1. Sunil Khaitan - Chairman & Managing Director<BR>2. S K Kejriwal - Vice President & Company Secretary<BR>3. Trishna Guha - Independent Director<BR>4. Parmanand Tiwari - Director<BR>5. RAJIVA - Director<BR>6. Vedant Khaitan - Joint Managing Director<BR><BR>Sunil Khaitan is the Chairman & Managing Director, while S K Kejriwal serves as Vice President and Company Secretary. The board also includes independent and regular directors such as Trishna Guha, Parmanand Tiwari, and RAJIVA, along with Vedant Khaitan as the Joint Managing Director.

What does Shalimar Wires do?

Shalimar Wires Industries Ltd is a micro-cap manufacturer of metal wire cloths, synthetic woven fabrics, and EDM wires, established in 1996. As of March 2025, it reported net sales of 36 Cr and a net profit of 1 Cr, with a market cap of Rs 97 Cr.

Overview:<BR>Shalimar Wires Industries Ltd is a manufacturer of metal wire cloths, synthetic woven fabrics, and EDM wires, operating in the Garments & Apparels industry within the micro-cap market.<BR><BR>History:<BR>Established in September 1996, Shalimar Wires Industries Ltd has maintained its operations in the manufacturing sector. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 36 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap: Rs 97 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 51.00<BR>- Industry P/E: 17<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 2.33<BR>- Return on Equity: 5.55%<BR>- Price to Book: 2.82<BR><BR>Contact Details:<BR>Address: 25 Ganesh Chandra Avenue, 2nd Floor Kolkata West Bengal : 700013 <BR>Tel: 91-033-22349308/09/10 <BR>Email: swilho@shalimarwires.com <BR>Website: http://www.shalimarwires.com

Has Shalimar Wires declared dividend?

No Dividend History Available

Who are the peers of the Shalimar Wires?

Shalimar Wires' peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Ashnoor Textile, Shekhawati Inds, APM Industries, and Acknit Indus. In terms of management risk, Shalimar Wires is rated below average, with a 1-year return of -4.33%, better than Vedant Fashions but lower than K P R Mill Ltd's 41.29%.

Peers: The peers of Shalimar Wires are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Ashnoor Textile, Shekhawati Inds, APM Industries, and Acknit Indus.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is noted for Trident, Ashnoor Textile, Shekhawati Inds, APM Industries, and Acknit Indus. Below Average management risk is attributed to Shalimar Wires. In terms of growth, Excellent growth is seen at K P R Mill Ltd, while Good growth is noted for Shalimar Wires. Below Average growth is reported for Page Industries, Vedant Fashions, Trident, Ashnoor Textile, Shekhawati Inds, APM Industries, Acknit Indus, and the rest. Capital Structure ratings show Excellent at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Below Average is noted for Shalimar Wires, Ashnoor Textile, Shekhawati Inds, and Acknit Indus. Good capital structure is found at Trident and APM Industries.<BR><BR>Return Snapshot: The peer with the highest 1-year return is K P R Mill Ltd at 41.29%, while the lowest is Vedant Fashions at -24.55%. Shalimar Wires has a 1-year return of -4.33%, which is higher than Vedant Fashions but lower than K P R Mill Ltd. Additionally, the peers with negative six-month returns include Trent, Vedant Fashions, Trident, APM Industries, and Acknit Indus.

What is the technical trend for Shalimar Wires?

As of June 3, 2025, Shalimar Wires shows a neutral technical stance with mixed signals, as the weekly MACD is mildly bullish while the monthly MACD is mildly bearish, despite a recent 9.27% price increase compared to the Sensex's 1.33%.

As of 3 June 2025, the technical trend for Shalimar Wires has changed from mildly bearish to sideways. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals. The daily moving averages are mildly bearish, which contrasts with the weekly Bollinger Bands showing a bullish trend. The KST and Dow Theory both reflect a mildly bullish outlook on the weekly timeframe. Overall, the current technical stance is neutral, with strength indicated by the recent price action, including a notable return of 9.27% over the past week compared to the Sensex's 1.33%.

How big is Shalimar Wires?

As of 24th July, Shalimar Wires Industries Ltd has a market capitalization of 98.00 Cr, with recent Net Sales of 131.86 Cr and a Net Profit of 2.34 Cr. The company has Shareholder's Funds of 37.24 Cr and Total Assets of 197.59 Cr.

As of 24th July, Shalimar Wires Industries Ltd has a market capitalization of 98.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Shalimar Wires reported Net Sales of 131.86 Cr and a Net Profit of 2.34 Cr.<BR><BR>For the reporting period of March 2025, the company has Shareholder's Funds amounting to 37.24 Cr and Total Assets of 197.59 Cr.

Is Shalimar Wires overvalued or undervalued?

As of September 23, 2025, Shalimar Wires is fairly valued with a PE Ratio of 40.21 and an EV to EBITDA of 6.67, despite underperforming the Sensex over the past year.

As of 23 September 2025, the valuation grade for Shalimar Wires has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 40.21, an EV to EBITDA of 6.67, and a ROE of 5.85%. <BR><BR>In comparison to peers, Hindustan Zinc has a PE of 18.94 and an EV to EBITDA of 11.38, while Vedanta shows a more attractive PE of 13.56 and an EV to EBITDA of 5.52. Despite the recent performance, where Shalimar Wires has underperformed the Sensex over the last year with a return of -31.64% compared to -3.33% for the index, the valuation metrics suggest that the stock is currently fairly priced within its industry context.

When is the next results date for Shalimar Wires?

The next results date for Shalimar Wires is 10 November 2025.

The next results date for Shalimar Wires is scheduled for 10 November 2025.

How has been the historical performance of Shalimar Wires?

Shalimar Wires has shown a mixed historical performance, with net sales increasing from INR 88.28 crore in March 2021 to INR 131.86 crore in March 2025, and operating profit rising significantly to INR 25.08 crore. Despite fluctuations in profit after tax, the company has improved cash flow and overall financial resilience.

Answer:<BR>The historical performance of Shalimar Wires shows a mixed trend over the years, with fluctuations in sales, profits, and expenses.<BR><BR>Breakdown:<BR>Shalimar Wires has experienced a steady increase in net sales from INR 88.28 crore in March 2021 to INR 131.86 crore in March 2025, with a notable rise from INR 120.69 crore in March 2023 to INR 128.33 crore in March 2024. The total operating income followed a similar pattern, reaching INR 131.94 crore in March 2025. However, the company's total expenditure, excluding depreciation, peaked at INR 108.31 crore in March 2024 before declining to INR 106.86 crore in March 2025. Operating profit, excluding other income, improved significantly from INR 5.80 crore in March 2021 to INR 25.08 crore in March 2025, reflecting a positive trend in profitability. The profit before tax also turned positive, increasing from a loss of INR 16.68 crore in March 2021 to a profit of INR 2.34 crore in March 2025. Despite these improvements, the profit after tax showed fluctuations, with a peak of INR 6.53 crore in March 2023, followed by a decrease to INR 2.34 crore in March 2025. The company's total liabilities increased from INR 168.50 crore in March 2023 to INR 197.59 crore in March 2025, while total assets rose from INR 168.50 crore to INR 197.59 crore in the same period. Cash flow from operating activities improved significantly, reaching INR 47 crore in March 2025, indicating better cash management. Overall, Shalimar Wires has shown resilience in its financial performance, with notable improvements in sales and profitability despite challenges in the previous years.

Are Shalimar Wires Industries Ltd latest results good or bad?

Shalimar Wires Industries Ltd's latest results are mixed; while net profit increased 152.50% year-on-year, it declined 31.76% quarter-on-quarter, and revenue grew 13.48% year-on-year but fell slightly from the previous quarter. High debt levels and underperformance compared to peers raise concerns about profitability and investor confidence.

Shalimar Wires Industries Ltd's latest results present a mixed picture. In Q3 FY26, the company reported a net profit of ₹1.01 crore, which is a significant decline of 31.76% compared to the previous quarter. However, on a year-on-year basis, this represents a remarkable increase of 152.50%. <BR><BR>Revenue for the same quarter stood at ₹35.02 crore, reflecting a slight decrease of 2.64% from the previous quarter but a healthy growth of 13.48% compared to the same period last year. Despite this year-on-year growth in revenue, the operating margin decreased to 21.44%, down from 22.02% in the previous quarter, indicating some pressure on profitability.<BR><BR>The company's financial health is concerning due to its high debt levels, which continue to impact profitability and limit operational flexibility. The interest expenses are notably high, consuming a significant portion of operating profits. Additionally, the stock has underperformed compared to its sector peers, declining 20.39% over the past year, which raises questions about investor confidence.<BR><BR>Overall, while there are some positive year-on-year growth figures, the sequential decline in profitability, high debt burden, and poor stock performance suggest that the latest results are not entirely favorable. Investors should exercise caution given these challenges.

Should I buy, sell or hold Shalimar Wires Industries Ltd?

Why is Shalimar Wires Industries Ltd falling/rising?

As of 16-Mar, Shalimar Wires Industries Ltd's stock price has declined to Rs. 15.50, down 1.96%, marking a total drop of 8.77% over the past five days and reaching a new 52-week low. The stock has underperformed the Sensex and shows weak investor participation, reflecting a bearish trend.

As of 16-Mar, Shalimar Wires Industries Ltd is experiencing a decline in its stock price, currently at Rs. 15.50, which reflects a decrease of Rs. 0.31 or 1.96%. This downward trend is evident as the stock has been losing value for the past five consecutive days, with a total decline of 8.77% during this period. Additionally, the stock has reached a new 52-week low today, indicating significant downward pressure.<BR><BR>In terms of performance relative to the broader market, Shalimar Wires has underperformed the Sensex over various time frames, including a year-to-date decline of 28.44% compared to the Sensex's 11.40% drop. The stock is also trading below its moving averages across multiple time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which typically signals a bearish trend.<BR><BR>Investor participation appears to be waning, as evidenced by a 15.62% decrease in delivery volume compared to the 5-day average. Furthermore, the sector in which Shalimar Wires operates, Metal - Non Ferrous, has also seen a decline of 3.18%, contributing to the negative sentiment surrounding the stock.<BR><BR>Overall, the combination of consecutive price falls, underperformance against benchmarks, low investor participation, and sector weakness are key factors contributing to the decline in Shalimar Wires Industries Ltd's stock price.

Which are the latest news on Shalimar Wires?