Stock Performance and Market Context
On 13 Mar 2026, Shree Steel Wire Ropes Ltd recorded an intraday low of Rs.16.6, representing a sharp fall of 15.48% from previous levels. The stock has been on a downward trajectory for two consecutive sessions, delivering a cumulative return of -9.14% over this period. Today's decline also saw the share underperform its sector peers by 4.2%, as the Steel, Sponge Iron, and Pig Iron segment itself declined by 4.7%.
The stock exhibited high volatility during the trading session, with an intraday volatility of 8.39% calculated from the weighted average price. This heightened price movement underscores the unsettled sentiment surrounding the company’s shares.
Shree Steel Wire Ropes Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling a sustained bearish trend across multiple timeframes. This technical positioning aligns with the broader market weakness, as the Nifty index closed at 23,151.10, down 488.05 points or 2.06% on the day. Several indices, including Nifty Media and Nifty Realty, also hit new 52-week lows, reflecting widespread market pressure.
Financial and Fundamental Overview
The company’s financial metrics continue to reflect challenges. Over the past year, Shree Steel Wire Ropes Ltd has delivered a negative return of 44.05%, starkly contrasting with the Sensex’s modest gain of 1.00% over the same period. The stock’s 52-week high was Rs.38.4, highlighting the extent of the decline from its peak.
Operating losses have persisted, contributing to a weak long-term fundamental profile. The company’s ability to service debt remains constrained, with an average EBIT to interest ratio of just 0.02, indicating limited earnings relative to interest obligations. Profitability metrics also remain subdued, with an average return on equity of 2.21%, signalling low returns generated on shareholders’ funds.
Recent financial results for the quarter ended December 2025 were largely flat, offering little indication of improvement. Additionally, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) remain negative, further emphasising the financial strain.
Under the radar no more! This Large Cap from Cement is emerging from turnaround with solid fundamentals intact. Discover it while it's still relatively hidden!
- - Hidden turnaround gem
- - Solid fundamentals confirmed
- - Large Cap opportunity
Long-Term and Relative Performance
Shree Steel Wire Ropes Ltd’s performance over the longer term has also been below par. The stock has underperformed the BSE500 index across multiple time horizons, including the last three years, one year, and the most recent three months. This persistent underperformance highlights ongoing difficulties in regaining investor confidence and market traction.
Profitability has deteriorated significantly, with profits falling by 86% over the past year. This decline in earnings, coupled with the stock’s negative returns, has contributed to its current micro-cap status and a downgrade in its Mojo Grade from Sell to Strong Sell as of 21 Jan 2025. The company’s Mojo Score stands at 12.0, reflecting the challenging outlook based on fundamental and technical factors.
Technical Indicators and Market Sentiment
Technical analysis further corroborates the bearish stance on the stock. Weekly and monthly MACD indicators are bearish, as are Bollinger Bands and the KST (Know Sure Thing) oscillator. The Dow Theory signals are mildly bearish on both weekly and monthly charts. Daily moving averages also indicate a negative trend, while the weekly RSI shows a bullish signal, though this is insufficient to offset the broader negative momentum.
Majority shareholding remains with non-institutional investors, which may contribute to limited liquidity and heightened volatility in the stock price.
Shree Steel Wire Ropes Ltd or something better? Our SwitchER feature analyzes this micro-cap Iron & Steel Products stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Sector and Market Environment
The Iron & Steel Products sector, to which Shree Steel Wire Ropes Ltd belongs, has experienced notable declines in recent sessions. The sector’s fall of 4.7% today is part of a broader market correction affecting multiple indices and market capitalisation segments. Mid-cap stocks have been particularly impacted, with the Nifty Midcap 100 index down 2.65%.
Despite the overall market weakness, the Nifty index’s 50-day moving average remains above its 200-day moving average, suggesting that the broader market is still in a longer-term uptrend, even as short-term pressures persist.
Shree Steel Wire Ropes Ltd’s micro-cap status and its current valuation levels indicate a higher risk profile relative to its historical averages. The stock’s negative EBITDA and weak debt servicing capacity further underscore the challenges faced by the company in the current environment.
Summary of Key Metrics
• New 52-week low: Rs.16.6
• Day’s low decline: -15.48%
• Two-day cumulative return: -9.14%
• One-year return: -44.05%
• Sector decline today: -4.7%
• Market cap grade: Micro-cap
• Mojo Grade: Strong Sell (upgraded from Sell on 21 Jan 2025)
• EBIT to Interest ratio (avg): 0.02
• Return on Equity (avg): 2.21%
• Profit decline over past year: -86%
These figures collectively illustrate the stock’s current position at a significant low point, reflecting both company-specific and sector-wide pressures.
Limited Period Only. Get Started for only Rs. 16,999 - Get MojoOne for 2 Years + 1 Year Absolutely FREE! (72% Off) Get 72% Off →
