How has been the historical performance of Sh. Steel Wire?
Sh. Steel Wire has experienced significant declines in net sales and profitability, with net sales dropping from 25.41 Cr in March 2020 to 11.32 Cr in March 2025, resulting in negative profits and earnings per share. Overall, the company's financial performance reflects a troubling trend of decreasing sales and losses in recent years.
Answer:The historical performance of Sh. Steel Wire has shown significant fluctuations over the years, particularly in net sales and profitability.Breakdown:
Sh. Steel Wire's net sales peaked at 25.41 Cr in March 2020 but have since declined, reaching 11.32 Cr in March 2025. The total operating income followed a similar trend, dropping from 18.82 Cr in March 2023 to 11.32 Cr in March 2025. Raw material costs have varied, with a notable decrease from 12.62 Cr in March 2023 to 7.05 Cr in March 2025. Despite these reductions, total expenditure (excluding depreciation) increased from 9.92 Cr in March 2024 to 11.42 Cr in March 2025, leading to an operating profit (PBDIT) of -0.10 Cr in March 2025, down from 1.40 Cr in March 2023. Consequently, profit before tax has also turned negative, recording -0.34 Cr in March 2025 compared to a profit of 1.07 Cr in March 2023. The net profit followed suit, declining to -0.25 Cr in March 2025 from 0.78 Cr in March 2023. The earnings per share (EPS) reflected this downturn, falling to -0.76 in March 2025 from 2.36 in March 2023. Overall, Sh. Steel Wire's financial performance indicates a troubling trend of declining sales and profitability over the recent years.
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