What is the technical trend for Sh. Steel Wire?

As of June 3, 2025, Sh. Steel Wire's technical trend is mildly bearish, with mixed signals from the MACD, Bollinger Bands, and moving averages across different time frames.

As of 3 June 2025, the technical trend for Sh. Steel Wire has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals across time frames. The Bollinger Bands and moving averages on the daily and weekly charts are both mildly bearish, reinforcing the overall bearish sentiment. The KST shows a mildly bullish trend weekly but is mildly bearish monthly, adding to the complexity of the analysis. The Dow Theory indicates a mildly bearish stance on the weekly chart, with no clear trend on the monthly chart. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and Bollinger Bands.

Is Sh. Steel Wire overvalued or undervalued?

As of January 31, 2024, Sh. Steel Wire is considered overvalued and risky, with poor financial metrics such as a PE ratio of -10.94 and an EV to EBITDA of -8.29, significantly underperforming its peers and the Sensex.

As of 31 January 2024, the valuation grade for Sh. Steel Wire has moved from very expensive to risky, indicating a significant shift in its perceived value. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE ratio of -10.94, an EV to EBITDA of -8.29, and a Price to Book Value of 0.82, which suggest that the company is struggling to generate profits and may not be a sound investment at its current price of 32.00.<BR><BR>In comparison to its peers, Sh. Steel Wire's financial performance is notably weaker. For instance, JSW Steel has a PE ratio of 64.98 and an EV to EBITDA of 14.20, while Tata Steel shows a PE of 51.92 and an EV to EBITDA of 11.04, both indicating healthier valuations. The recent stock performance reveals that Sh. Steel Wire has underperformed the Sensex, with a year-to-date return of -18.78% compared to the Sensex's 5.58%. This further reinforces the view that the stock is overvalued in its current state.

When is the next results date for Sh. Steel Wire?

No Upcoming Board Meetings

What does Sh. Steel Wire do?

Shree Steel Wire Ropes Ltd, established in 1972, specializes in manufacturing steel wire ropes and related products, classified as a Micro Cap company with a market cap of Rs 11 Cr. As of March 2025, it reported net sales of 3 Cr and a net profit of 0 Cr.

Overview:<BR>Shree Steel Wire Ropes Ltd is a leader in the production of steel wire ropes and related products, operating within the Iron & Steel Products industry and classified as a Micro Cap company.<BR><BR>History:<BR>Incorporated in 1972, Shree Steel Wire Ropes Ltd has established itself as a blue chip company. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 3 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap value: Rs 11 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 33<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.20<BR>- Return on Equity: -1.88%<BR>- Price to Book: 0.81<BR><BR>Contact Details:<BR>Address: Gate No 183-184-185 KIDC, Vill-Dheku Tal-Khalapur Raigad Khopoli Maharashtra : 410203<BR>Tel: 91-02192-263547<BR>Email: sswrl@bholenathcos.com<BR>Website: http://www.sswrl.com

Has Sh. Steel Wire declared dividend?

No Dividend History Available

Who are the peers of the Sh. Steel Wire?

Sh. Steel Wire's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, and others. It has below average management risk and growth, with a 1-year return of -15.41%, better than Jindal Saw but worse than Welspun Corp.

Peers: The peers of Sh. Steel Wire are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Monind, Eastcoast Steel, AFLOAT Enterpris, MFS Intercorp, and T N Steel Tubes.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, Ratnamani Metals, and MFS Intercorp, and Average management risk is noted at Jindal Saw and Eastcoast Steel. Below Average management risk is seen at Sh. Steel Wire, AFLOAT Enterpris, and T N Steel Tubes, while Monind does not qualify. Excellent growth is exhibited by APL Apollo Tubes and Jindal Saw, Average growth is found at Shyam Metalics and Ratnamani Metals, and Below Average growth is noted at Welspun Corp, Sh. Steel Wire, Eastcoast Steel, AFLOAT Enterpris, and T N Steel Tubes. Monind does not qualify for growth. Excellent capital structure is present at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is observed at Sh. Steel Wire, and Below Average capital structure is noted at Jindal Saw, Eastcoast Steel, AFLOAT Enterpris, MFS Intercorp, and T N Steel Tubes.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.46%, while Jindal Saw has the lowest at -22.93%. Sh. Steel Wire's 1-year return of -15.41% is better than Jindal Saw's but worse than Welspun Corp's. Additionally, the six-month return is negative for Ratnamani Metals, Jindal Saw, Eastcoast Steel, and T N Steel Tubes.

Are Sh. Steel Wire latest results good or bad?

Shree Steel Wire's latest results show a concerning 63.79% decline in net sales, although net profit increased by 13.64%. Overall, the performance is flat, and analysts have given it a 'Strong Sell' rating, indicating a cautious outlook.

The latest results for Shree Steel Wire Ropes indicate a mixed performance. On one hand, the company reported a significant decline in net sales, with a QoQ growth of -63.79%, which is concerning. However, there was a positive development in standalone net profit, which showed a QoQ growth of 13.64%, reversing a previous negative trend.<BR><BR>Despite this improvement in net profit, the overall financial performance can be described as flat, with no significant growth or decline compared to previous quarters. The stock has received a 'Strong Sell' rating from MarketsMOJO, suggesting a cautious outlook from analysts.<BR><BR>In summary, while there are some positive signs in terms of net profit, the sharp decline in sales and the overall cautious market sentiment indicate that the latest results are not particularly strong. Stakeholders will need to monitor future performance closely to see if these trends continue or improve.

Who are in the management team of Sh. Steel Wire?

As of March 2023, the management team of Sh. Steel Wire includes Rajiv Gugnan (Chairman & Independent Director), Anil L Sajnani (Managing Director), Ashish Lachman Sajnani (Whole-time Director), Kirtee Anil Sajnani (Whole-time Director), Mehak Vachhani (Independent Director), and Joy Dodani (Independent Director). They are responsible for the company's governance and operations.

As of March 2023, the management team of Sh. Steel Wire includes the following individuals:<BR><BR>1. Rajiv Gugnan - Chairman & Independent Director<BR>2. Anil L Sajnani - Managing Director<BR>3. Ashish Lachman Sajnani - Whole-time Director<BR>4. Kirtee Anil Sajnani - Whole-time Director<BR>5. Mehak Vachhani - Independent Director<BR>6. Joy Dodani - Independent Director<BR><BR>These members play key roles in the governance and operational management of the company.

Who are the top shareholders of the Sh. Steel Wire?

The top shareholders of Sh. Steel Wire are Bholenath Developers Private Limited with 14.81% and Dilip Bharat Manghnani with 21.14%. Individual investors hold a combined 65.33%, while there are no mutual funds or foreign institutional investors involved.

The top shareholders of Sh. Steel Wire include Bholenath Developers Private Limited, which holds the highest promoter stake at 14.81%. Additionally, the highest public shareholder is Dilip Bharat Manghnani, who owns 21.14% of the shares. Individual investors collectively hold a significant portion, accounting for 65.33% of the company's shares. There are no mutual funds or foreign institutional investors currently holding shares in the company.

How big is Sh. Steel Wire?

As of 24th July, Shree Steel Wire Ropes Ltd has a market capitalization of 11.00 Cr, with recent net sales of 9.86 Cr and a net loss of 0.47 Cr over the last four quarters. Shareholder's funds are 13.44 Cr, and total assets are 15.04 Cr.

As of 24th July, <BR><BR>Market Cap: Shree Steel Wire Ropes Ltd has a market capitalization of 11.00 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 9.86 Cr, while the sum of Net Profit for the same period shows a loss of 0.47 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2024. Shareholder's Funds are valued at 13.44 Cr, and Total Assets amount to 15.04 Cr.

How has been the historical performance of Sh. Steel Wire?

Sh. Steel Wire has experienced a significant decline in performance, with net sales dropping from 25.41 Cr in Mar'20 to 11.32 Cr in Mar'25, resulting in negative operating profit and profit after tax in Mar'25. Rising raw material costs and decreased total assets further highlight the company's financial challenges.

Answer:<BR>The historical performance of Sh. Steel Wire has shown significant fluctuations over the years, particularly in net sales and profitability.<BR><BR>Breakdown:<BR>Sh. Steel Wire's net sales peaked at 25.41 Cr in Mar'20 but have since declined, reaching 11.32 Cr in Mar'25. This downward trend is reflected in total operating income, which also decreased from 18.82 Cr in Mar'23 to 11.32 Cr in Mar'25. The company faced rising raw material costs, which increased from 6.59 Cr in Mar'24 to 7.05 Cr in Mar'25, contributing to a total expenditure of 11.42 Cr in Mar'25, up from 9.92 Cr in Mar'24. Consequently, the operating profit (PBDIT) turned negative at -0.10 Cr in Mar'25, contrasting with a profit of 1.40 Cr in Mar'23. Profit before tax also fell to -0.34 Cr in Mar'25, down from 1.07 Cr in Mar'23, leading to a profit after tax of -0.25 Cr in Mar'25, compared to 0.78 Cr in Mar'23. The company's total assets decreased from 15.83 Cr in Mar'23 to 14.51 Cr in Mar'25, while total liabilities also declined from 15.83 Cr to 14.51 Cr in the same period. Cash flow from operating activities was non-existent in Mar'25, with a net cash outflow of -1.00 Cr, indicating challenges in maintaining liquidity. Overall, Sh. Steel Wire has experienced a notable decline in performance metrics, particularly in sales and profitability, over the recent years.

Should I buy, sell or hold Sh. Steel Wire?

Which are the latest news on Sh. Steel Wire?

Why is Sh. Steel Wire falling/rising?

As of 04-Dec, Shree Steel Wire Ropes Ltd's stock price is at Rs 25.05, down 5.22%, with a significant 39.05% drop over the past year. The company faces operational challenges, including losses and low return on equity, contributing to its bearish trend and high volatility.

As of 04-Dec, Shree Steel Wire Ropes Ltd's stock price is falling, currently at Rs 25.05, which represents a decrease of Rs 1.38 or 5.22%. This decline is reflected in the stock's performance over various periods, showing a significant drop of 39.05% over the past year, while the benchmark Sensex has increased by 5.32% in the same timeframe. <BR><BR>Today, the stock hit a new 52-week low of Rs 24.21 and has underperformed its sector by 5.15%. Although it opened with a gain of 5.15% and reached an intraday high of Rs 27.79, it ultimately fell to a day's low of Rs 24.21, indicating high volatility with an intraday fluctuation of 6.88%. The stock has also been trading below its moving averages across various timeframes, which suggests a bearish trend.<BR><BR>Additionally, the company is facing operational challenges, including operating losses and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of 0.16. The company's return on equity is low at 2.21%, and it has reported negative EBITDA, further contributing to investor concerns. The delivery volume has significantly decreased, falling by 82.11% against the 5-day average, indicating a lack of investor participation.<BR><BR>Overall, the combination of poor financial performance, high volatility, and negative market sentiment has led to the stock's decline.