Shalimar Wires Industries Reports Mixed Results for Q1 2024, Receives 'Sell' Call from MarketsMOJO
Net Profit - Quarterly: At Rs -0.01 cr has Declined by -100.00 % Quarter on Quarter (QoQ).The company has reported a loss in the current quarter.Revenue - Quarterly: At Rs 0.00 cr has Declined by -100.00 % Quarter on Quarter (QoQ).The company has not generated any revenue in the current quarter.
Shalimar Wires Industries, a microcap company in the non-ferrous metal industry, recently announced its financial results for the quarter ending March 2024. The results, declared on August 9, 2024, have received a 'Sell' call from MarketsMOJO.
The company's financial performance for the quarter has remained flat, with a score of 1 compared to -5 in the previous three months. However, there are some positive aspects to note from the financials.
Shalimar Wires has shown a strong operating cash flow of Rs 25.00 crore annually in the last three years, indicating higher cash revenues from its business operations. The company has also been able to reduce its debt-to-equity ratio to 2.59 times in the last five half-yearly periods, showcasing a decrease in borrowing compared to equity capital. Additionally, the company has improved its debtors turnover ratio to 5.02 times in the last five half-yearly periods, indicating a faster settlement of debts.
On the other hand, there are some concerning factors from the financial results. The interest cost has increased by 52.02% quarter-on-quarter, reaching Rs 3.39 crore, which could signify increased borrowings. The company has also reported a loss of Rs -0.01 crore in the current quarter, showing a decline of 100% compared to the previous quarter. Furthermore, the company has not generated any revenue in the current quarter.
Overall, Shalimar Wires Industries has shown a mixed financial performance for the quarter ending March 2024. Investors should carefully consider these factors before making any investment decisions.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
