Sh. Steel Wire

Why is Shree Steel Wire Ropes Ltd falling/rising?

As of 01-Sep, Shree Steel Wire Ropes Ltd's stock price is at Rs 24.77, reflecting a 4.73% decline. The stock has underperformed significantly, with weak fundamentals and reduced investor interest contributing to its ongoing downward trend.

As of 01-Sep, Shree Steel Wire Ropes Ltd's stock price is falling, currently at Rs 24.77, which reflects a decrease of Rs 1.23 or 4.73%. This decline is part of a broader trend, as the stock has underperformed significantly over various periods, including a 21.59% drop over the past month and an 8.70% decline over the past week. <BR><BR>Today's performance indicates that the stock opened with a loss of 4.73% and has been on a consecutive downward trajectory for the last two days, accumulating a total decline of 6.53%. The stock's intraday low reached Rs 24.77, suggesting a lack of upward momentum. Additionally, the stock has underperformed its sector by 5.03% today, highlighting its struggles in the market.<BR><BR>Investor participation has also diminished, with delivery volume dropping by 70.14% compared to the 5-day average, indicating reduced interest from investors. Furthermore, the company's long-term fundamentals are weak, evidenced by a staggering -179.53% CAGR growth in operating profits over the last five years and a negative EBITDA of Rs -0.16 crore. These factors contribute to a perception of risk associated with the stock, leading to its current decline. <BR><BR>Overall, the combination of poor performance metrics, weak fundamentals, and declining investor interest are key reasons for the falling stock price of Shree Steel Wire Ropes Ltd.

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

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 oversee the company's operations and strategic direction.

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>This team is responsible for overseeing the company's operations and strategic direction. If you have any more questions about the company or its management, feel free to ask!

What does Sh. Steel Wire do?

Shree Steel Wire Ropes Ltd, established in 1972, specializes in producing steel wire ropes and operates as a Micro Cap company with a market cap of INR 9 Cr. As of June 2026, it reported net sales of 2 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 categorized 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 June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 2 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 0 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 9 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 25 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -0.24 <BR>Return on Equity: -1.48% <BR>Price to Book: 0.68 <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

Who are the peers of the Sh. Steel Wire?

Sh. Steel Wire's peers include Trans Freight, T N Steel Tubes, Crimson Metal, Eastcoast Steel, AFLOAT Enterpris, Monind, MFS Intercorp, Mahalaxmi Seam., and Castora Agri Com. Castora Agri Com has the highest 1-year return at 49.66%, while Sh. Steel Wire's return is -4.76%.

Peers: The peers of Sh. Steel Wire are Trans Freight, T N Steel Tubes, Crimson Metal, Eastcoast Steel, AFLOAT Enterpris, Monind, MFS Intercorp, Mahalaxmi Seam., and Castora Agri Com.<BR><BR>Quality Snapshot: Below Average management risk is observed at T N Steel Tubes, Crimson Metal, Eastcoast Steel, AFLOAT Enterpris, Mahalaxmi Seam., and Castora Agri Com, while Average management risk is found at MFS Intercorp. Trans Freight and Monind do not qualify for management risk assessment. Growth is Below Average for T N Steel Tubes, Crimson Metal, Eastcoast Steel, AFLOAT Enterpris, Mahalaxmi Seam., and MFS Intercorp, while Average growth is noted for Castora Agri Com. Trans Freight and Monind do not qualify for growth assessment. Sh. Steel Wire and AFLOAT Enterpris exhibit Good capital structure, while the rest have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Castora Agri Com at 49.66%, while the lowest is Trans Freight at -26.44%. Sh. Steel Wire's 1-year return is -4.76%, which is better than Trans Freight but worse than Castora Agri Com. Additionally, MFS Intercorp, Crimson Metal, and Monind have negative six-month returns.

How big is Sh. Steel Wire?

As of 31st August, Shree Steel Wire Ropes Ltd has a market capitalization of 9.00 Cr and reported Net Sales of 6.21 Cr with a Net Profit loss of 0.19 Cr over the latest four quarters. Shareholder's Funds are 12.76 Cr and Total Assets are 14.08 Cr as of March 2026.

As of 31st August, Shree Steel Wire Ropes Ltd has a market capitalization of 9.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 6.21 Cr. However, it experienced a loss of 0.19 Cr in Net Profit during the same period.<BR><BR>The latest reporting period for the balance sheet is March 2026. Shareholder's Funds stand at 12.76 Cr, while Total Assets are valued at 14.08 Cr.

Which are the latest news on Sh. Steel Wire?

Should I buy, sell or hold Shree Steel Wire Ropes Ltd?

Are Shree Steel Wire Ropes Ltd latest results good or bad?

Shree Steel Wire Ropes Ltd's latest Q1 FY27 results show significant improvements, with a 475% QoQ net profit increase and 35% revenue growth. However, the company faces long-term structural challenges, including a negative CAGR in sales and EBIT over the past five years, indicating ongoing issues that may hinder sustainable growth.

Shree Steel Wire Ropes Ltd's latest results for Q1 FY27 indicate a significant improvement compared to previous quarters, but the overall context reveals mixed signals. <BR><BR>On the positive side, the company reported a net profit of ₹0.23 crores, which is a remarkable increase of 475% quarter-on-quarter (QoQ). Additionally, revenue grew by 35% QoQ and an impressive 122.94% year-on-year (YoY), reaching ₹2.43 crores. The operating margin also showed a strong recovery, standing at 10.70%, a notable turnaround from the negative margins seen in the previous year.<BR><BR>However, despite these quarterly gains, the company faces serious structural challenges. Over the past five years, it has experienced a compound annual growth rate (CAGR) of negative 21.61% in sales, indicating a long-term decline in performance. The five-year EBIT growth rate is even more concerning, at negative 191.03%, suggesting that profitability has deteriorated significantly.<BR><BR>While the recent quarterly results show tactical progress, they do not offset the broader trend of declining revenues and profitability. The company is still grappling with fundamental issues that could hinder sustainable growth moving forward. Therefore, while the latest results are a positive step, they must be viewed in the context of the ongoing structural challenges the company faces.

When is the next results date for Shree Steel Wire Ropes Ltd?

The next results date for Shree Steel Wire Ropes Ltd is July 13, 2026.

The next results date for Shree Steel Wire Ropes Ltd is scheduled for July 13, 2026.

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.

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.

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.

Has Sh. Steel Wire declared dividend?

No Dividend History Available