Sh. Steel Wire

Which are the latest news on Sh. Steel Wire?

Why is Shree Steel Wire Ropes Ltd falling/rising?

As of 12-Jul, Shree Steel Wire Ropes Ltd's stock price is at Rs 27.00, up 15.38%, driven by strong trading activity and a recent gain streak. Despite this short-term rise, the company faces significant long-term challenges, including operating losses and negative EBITDA.

As of 12-Jul, Shree Steel Wire Ropes Ltd's stock price is rising, currently at Rs 27.00, reflecting a change of 3.6 (15.38%) upward. This rise can be attributed to several factors. The stock has significantly outperformed the sector today by 13.62% and has been on a consecutive gain streak for the last two days, accumulating a total return of 24.42% during this period. Additionally, the stock reached an intraday high of Rs 27, indicating strong trading activity.<BR><BR>In terms of performance over the past week, the stock has shown a remarkable increase of 33.47%, contrasting sharply with the Sensex, which has declined by 0.25%. Over the past month, the stock has also risen by 28.88%, while the Sensex has gained only 4.85%. Furthermore, Shree Steel Wire Ropes Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.<BR><BR>However, it is important to note that despite the current rise, the company faces significant challenges, including operating losses and a weak long-term fundamental strength. The company has recorded a negative EBITDA and has consistently underperformed against benchmarks over the last three years. Nonetheless, the immediate price increase can be attributed to strong short-term trading activity and market sentiment rather than underlying financial health.

When is the next results date for Shree Steel Wire Ropes Ltd?

The next results date for Shree Steel Wire Ropes Ltd is July 13, 2026.

The next results date for Shree Steel Wire Ropes Ltd is scheduled for July 13, 2026.

How big is Sh. Steel Wire?

As of 10th June, Shree Steel Wire Ropes Ltd has a market capitalization of 7.00 Cr and reported net sales of 4.87 Cr with a net loss of 0.61 Cr over the latest four quarters. Shareholder's funds are 13.29 Cr, and total assets are valued at 14.51 Cr.

As of 10th June, Shree Steel Wire Ropes Ltd has a market capitalization of 7.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported net sales of 4.87 Cr. However, there was a loss of 0.61 Cr in net profit during the same period.<BR><BR>The latest annual reporting period for the balance sheet is March 2025. Shareholder's funds stood at 13.29 Cr, while total assets were valued at 14.51 Cr.

Who are in the management team of Sh. Steel Wire?

The management team of Sh. Steel Wire includes Rajiv Gugnan (Chairman & Independent Director), Anil L Sajnani (Managing Director), Ashish Lachman Sajnani (Whole-time Director), Kirtee Anil Sajnani (Whole-time Director), Mehak Vachhani (Independent Director), and Joy Dodani (Independent Director).

The management team of Sh. Steel Wire includes the following individuals:<BR><BR>1. **Rajiv Gugnan** - Chairman & Independent Director<BR>2. **Anil L Sajnani** - Managing Director<BR>3. **Ashish Lachman Sajnani** - Whole-time Director<BR>4. **Kirtee Anil Sajnani** - Whole-time Director<BR>5. **Mehak Vachhani** - Independent Director<BR>6. **Joy Dodani** - Independent Director<BR><BR>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Sh. Steel Wire?

Peers of Sh. Steel Wire include Castora Agri Com, Monind, Eastcoast Steel, and others, with varying management risks and growth rates. Castora Agri Com leads in 1-year returns at 125.34%, while Sh. Steel Wire has a return of -32.06%.

Peers: The peers of Sh. Steel Wire are Castora Agri Com, Monind, Eastcoast Steel, MFS Intercorp, Elango Industrie, Shree Precoated, Vallabh Steels, Aditya Ispat, and Mahalaxmi Seam.<BR><BR>Quality Snapshot: Excellent management risk is observed at MFS Intercorp, while Below Average management risk is found at Castora Agri Com, Eastcoast Steel, Elango Industrie, Aditya Ispat, Mahalaxmi Seam, and the rest. Growth is Average at Castora Agri Com and Eastcoast Steel, while Below Average growth is noted for MFS Intercorp, Elango Industrie, Aditya Ispat, and the rest. Good capital structure is seen at Sh. Steel Wire, while Below Average capital structure is present at Castora Agri Com, Eastcoast Steel, Elango Industrie, MFS Intercorp, Aditya Ispat, Mahalaxmi Seam, and the rest.<BR><BR>Return Snapshot: Castora Agri Com has the highest 1-year return at 125.34%, while Monind has the lowest at -8.86%. Sh. Steel Wire's 1-year return is -32.06%, which is significantly lower than both peers. Additionally, MFS Intercorp, Eastcoast Steel, Aditya Ispat, Mahalaxmi Seam, and Sh. Steel Wire have negative six-month returns.

What does Sh. Steel Wire do?

Shree Steel Wire Ropes Ltd is a Micro Cap company specializing in the production of steel wire ropes and related products, with net sales of 2 Cr and a market cap of INR 7 Cr as of March 2026. The company has reported a net profit of 0 Cr and has a negative return on equity of -4.74%.

Overview:<BR>Shree Steel Wire Ropes Ltd is a leader in the production of steel wire ropes and related products, operating within the Iron & Steel Products industry and categorized as a Micro Cap company.<BR><BR>History:<BR>Incorporated in 1972, Shree Steel Wire Ropes Ltd has established itself as a blue chip company. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 2 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>- Market-cap: INR 7 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 26<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.24<BR>- Return on Equity: -4.74%<BR>- Price to Book: 0.52<BR><BR>Contact Details:<BR>Address: Gate No 183-184-185 KIDC, Vill-Dheku Tal-Khalapur Raigad Khopoli Maharashtra : 410203<BR>Tel: 91-02192-263547<BR>Email: sswrl@bholenathcos.com<BR>Website: http://www.sswrl.com

Are Shree Steel Wire Ropes Ltd latest results good or bad?

Shree Steel Wire Ropes Ltd's latest results show a return to profitability with a net profit of ₹0.04 crores in Q4 FY26, but revenue has declined 40.20% year-over-year, and the company faces ongoing structural challenges, indicating that the improvement may be temporary rather than a solid turnaround.

The latest results for Shree Steel Wire Ropes Ltd present a mixed picture. On one hand, the company reported a net profit of ₹0.04 crores in Q4 FY26, marking a return to profitability after several quarters of losses. This is a positive development, as it reflects a significant improvement from a net loss of ₹0.17 crores in the previous quarter.<BR><BR>However, the overall financial performance remains concerning. Revenue for the quarter was ₹1.80 crores, which, despite being a 63.64% increase from the previous quarter, represents a substantial 40.20% decline compared to the same quarter last year. Additionally, the operating margin remains negative at -1.11%, indicating ongoing challenges in covering operational costs.<BR><BR>The company has been experiencing a long-term decline in revenue, with a five-year sales CAGR of -19.17%. This trend, combined with weak capital efficiency metrics such as a return on equity of just 2.21%, suggests significant structural issues within the business.<BR><BR>Overall, while the return to profitability in the latest quarter is a positive sign, the underlying financial dynamics and persistent revenue decline indicate that the results are more of a temporary relief rather than a solid turnaround. The company faces severe challenges that could hinder sustainable growth moving forward.

Should I buy, sell or hold Shree Steel Wire Ropes Ltd?

How has been the historical performance of Sh. Steel Wire?

Sh. Steel Wire has experienced a significant decline in performance, with net sales dropping from 25.41 Cr in Mar'20 to 11.32 Cr in Mar'25, resulting in negative operating profit and profit after tax in Mar'25. Rising raw material costs and decreased total assets further highlight the company's financial challenges.

Answer:<BR>The historical performance of Sh. Steel Wire has shown significant fluctuations over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Sh. Steel Wire's net sales peaked at 25.41 Cr in Mar'20 but have since declined, reaching 11.32 Cr in Mar'25. This downward trend is reflected in total operating income, which also decreased from 18.82 Cr in Mar'23 to 11.32 Cr in Mar'25. The company faced rising raw material costs, which increased from 6.59 Cr in Mar'24 to 7.05 Cr in Mar'25, contributing to a total expenditure of 11.42 Cr in Mar'25, up from 9.92 Cr in Mar'24. Consequently, the operating profit (PBDIT) turned negative at -0.10 Cr in Mar'25, contrasting with a profit of 1.40 Cr in Mar'23. Profit before tax also fell to -0.34 Cr in Mar'25, down from 1.07 Cr in Mar'23, leading to a profit after tax of -0.25 Cr in Mar'25, compared to 0.78 Cr in Mar'23. The company's total assets decreased from 15.83 Cr in Mar'23 to 14.51 Cr in Mar'25, while total liabilities also declined from 15.83 Cr to 14.51 Cr in the same period. Cash flow from operating activities was non-existent in Mar'25, with a net cash outflow of -1.00 Cr, indicating challenges in maintaining liquidity. Overall, Sh. Steel Wire has experienced a notable decline in performance metrics, particularly in sales and profitability, over the recent years.

Who are the top shareholders of the Sh. Steel Wire?

The top shareholders of Sh. Steel Wire are Bholenath Developers Private Limited with 14.81% and Dilip Bharat Manghnani with 21.14%. Individual investors hold a combined 65.33%, while there are no mutual funds or foreign institutional investors involved.

The top shareholders of Sh. Steel Wire include Bholenath Developers Private Limited, which holds the highest promoter stake at 14.81%. Additionally, the highest public shareholder is Dilip Bharat Manghnani, who owns 21.14% of the shares. Individual investors collectively hold a significant portion, accounting for 65.33% of the company's shares. There are no mutual funds or foreign institutional investors currently holding shares in the company.

What is the technical trend for Sh. Steel Wire?

As of June 3, 2025, Sh. Steel Wire's technical trend is mildly bearish, with mixed signals from the MACD, Bollinger Bands, and moving averages across different time frames.

As of 3 June 2025, the technical trend for Sh. Steel Wire has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals across time frames. The Bollinger Bands and moving averages on the daily and weekly charts are both mildly bearish, reinforcing the overall bearish sentiment. The KST shows a mildly bullish trend weekly but is mildly bearish monthly, adding to the complexity of the analysis. The Dow Theory indicates a mildly bearish stance on the weekly chart, with no clear trend on the monthly chart. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and Bollinger Bands.

Is Sh. Steel Wire overvalued or undervalued?

As of January 31, 2024, Sh. Steel Wire is considered overvalued and risky, with poor financial metrics such as a PE ratio of -10.94 and an EV to EBITDA of -8.29, significantly underperforming its peers and the Sensex.

As of 31 January 2024, the valuation grade for Sh. Steel Wire has moved from very expensive to risky, indicating a significant shift in its perceived value. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of -10.94, an EV to EBITDA of -8.29, and a Price to Book Value of 0.82, which suggest that the company is struggling to generate profits and may not be a sound investment at its current price of 32.00.<BR><BR>In comparison to its peers, Sh. Steel Wire's financial performance is notably weaker. For instance, JSW Steel has a PE ratio of 64.98 and an EV to EBITDA of 14.20, while Tata Steel shows a PE of 51.92 and an EV to EBITDA of 11.04, both indicating healthier valuations. The recent stock performance reveals that Sh. Steel Wire has underperformed the Sensex, with a year-to-date return of -18.78% compared to the Sensex's 5.58%. This further reinforces the view that the stock is overvalued in its current state.

Has Sh. Steel Wire declared dividend?

No Dividend History Available