Shree Steel Wire Ropes Falls to 52-Week Low of Rs.24.11 Amidst Continued Downtrend

Recent Price Movement and Market Context

On 11 December 2025, Shree Steel Wire Ropes recorded a closing price of Rs.24.11, the lowest level observed in the past year. This represents a decline of 3.84% on the day and a cumulative fall of 7.95% over the last two trading sessions. The stock’s performance contrasts with the broader market, where the Sensex advanced by 0.23% to 84,587.35 points, edging closer to its 52-week high of 86,159.02. The BSE Mid Cap index also showed gains of 0.48%, highlighting a divergence between Shree Steel Wire Ropes and the wider market trend.

Shree Steel Wire Ropes has been trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained selling pressure and a lack of short- to long-term upward momentum.

Financial Performance Overview

Over the past year, Shree Steel Wire Ropes has delivered a total return of -41.39%, significantly lagging behind the Sensex, which recorded a positive return of 3.77% during the same period. The stock’s 52-week high was Rs.43.78, indicating a substantial reduction in market valuation over the last twelve months.

The company’s quarterly financial results for September 2025 reveal a PBDIT (Profit Before Depreciation, Interest and Taxes) of Rs.-0.28 crore, marking one of the lowest points in recent quarters. Earnings per share (EPS) for the same period stood at Rs.-0.88, reflecting losses at the net profit level.

Profitability metrics further illustrate the challenges faced by the company. The average Return on Equity (ROE) is reported at 2.21%, indicating limited profitability generated from shareholders’ funds. Additionally, the company’s ability to service its debt is constrained, with an average EBIT to interest coverage ratio of 0.16, suggesting that earnings before interest and taxes are insufficient to comfortably cover interest expenses.

Long-Term and Short-Term Performance Trends

Shree Steel Wire Ropes has underperformed not only in the recent year but also over longer time horizons. The stock’s returns have been below those of the BSE500 index across the last three years, one year, and three months. This trend points to persistent difficulties in regaining investor confidence and market share within the iron and steel products sector.

The company’s earnings have contracted by approximately 71% over the past year, contributing to the negative sentiment surrounding the stock. The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) has remained in negative territory, which adds to the risk profile of the stock compared to its historical valuation averages.

Shareholding and Sectoral Context

Majority shareholding in Shree Steel Wire Ropes is held by non-institutional investors, which may influence liquidity and trading dynamics. The company operates within the iron and steel products industry, a sector that has experienced mixed performance amid fluctuating commodity prices and demand cycles.

Sector and Market Comparison

While Shree Steel Wire Ropes has faced downward pressure, the broader iron and steel products sector has shown varied performance. The Sensex’s positive trajectory and the mid-cap segment’s gains highlight a market environment where other stocks have found support and momentum. The divergence between Shree Steel Wire Ropes and sector peers underscores the specific challenges the company is encountering.

Summary of Key Metrics

To summarise, the stock’s current price of Rs.24.11 represents a significant low point in the past year, with a 52-week high of Rs.43.78 illustrating the extent of the decline. The company’s financial indicators, including negative EBITDA, low EBIT to interest coverage, and subdued ROE, reflect ongoing pressures on profitability and financial health. The stock’s underperformance relative to the Sensex and BSE500 indices further emphasises the challenges faced by Shree Steel Wire Ropes in the current market environment.

Investors and market participants will note the stock’s position below all major moving averages and its recent consecutive declines, which contribute to the technical picture of weakness. The company’s shareholding structure, dominated by non-institutional investors, may also influence trading patterns and liquidity considerations.

Overall, the data presents a comprehensive view of Shree Steel Wire Ropes’ current market standing, highlighting the factors behind its 52-week low and the broader context within which the stock is trading.

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