Shalimar Wires Industries Adjusts Financial Evaluation Amid Rising Interest Expenses and High Leverage

Shalimar Wires Industries, operating within the Garments & Apparels sector, has recently undergone an adjustment in its evaluation. This revision reflects notable shifts in the company's financial metrics and market positioning.
In the latest quarter ending June 2025, Shalimar Wires reported a significant operating profit to interest ratio, reaching 2.17 times, alongside a PBDIT of Rs 7.36 crore. The operating profit to net sales ratio also peaked at 22.41%, indicating a strong operational efficiency during this period. Furthermore, the company achieved a profit before tax of Rs 0.49 crore and a profit after tax of Rs 1.01 crore, with earnings per share standing at Rs 0.24.

However, the company faces challenges, particularly with its interest expenses, which have risen to Rs 7.45 crore over the last six months, reflecting a growth of 22.13%. Additionally, the company's debt to equity ratio averages at 2.69 times, suggesting a high leverage position.

Despite these challenges, Shalimar Wires has shown resilience in its financial performance, with a PEG ratio of 0.09, indicating a potentially favorable valuation relative to its earnings growth.

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