Shalimar Wires Industries Reports Significant Financial Turnaround and Improved Liquidity for December Quarter

Shalimar Wires Industries, a microcap player in the non-ferrous metal industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with the score rising to 2 from 0 over the past three months.
The financial data reveals that the Profit After Tax (PAT) for the half-year period has reached Rs 0.65 crore, a significant turnaround from the negative Rs 0.64 crore recorded in the previous twelve months. This marks a positive development as the company has already surpassed its PAT from the last fiscal year within just six months.

Additionally, the Debt-Equity Ratio has reached its lowest point at 2.49 times, demonstrating a consistent reduction in borrowing relative to equity capital over the last five half-year periods. This trend suggests a strategic approach to managing debt levels.

Furthermore, Shalimar Wires has reported its highest cash and cash equivalents at Rs 5.50 crore in the last six half-year periods, indicating an improvement in short-term liquidity.

Overall, these developments reflect a revision in the company's financial standing.

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