Shalimar Wires

Which are the latest news on Shalimar Wires?

Why is Shalimar Wires Industries Ltd falling/rising?

As of 19-Jun, Shalimar Wires Industries Ltd is facing a decline in stock price, currently at 17.70, with significant year-to-date and one-year drops of 18.28% and 19.55%, respectively. Despite a recent increase in delivery volume, the stock continues to underperform against benchmarks and moving averages, indicating a lack of momentum.

As of 19-Jun, Shalimar Wires Industries Ltd is experiencing a decline in its stock price, currently at 17.70, which reflects a change of -0.09 or -0.51%. This downward movement is evident as the stock has underperformed compared to the benchmark Sensex, which has increased by 1.69% over the past week. Additionally, the stock's performance over various periods shows a significant year-to-date decline of 18.28% and a one-year drop of 19.55%, indicating a longer-term negative trend.<BR><BR>Despite a positive performance of +7.08% over the past month, the stock is trading lower than its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests that the stock is not gaining momentum compared to its historical performance. However, there has been a rise in investor participation, with a 12.96% increase in delivery volume on June 17, which may indicate some interest from investors despite the overall decline in price.<BR><BR>In summary, the combination of underperformance against the benchmark, lower trading relative to moving averages, and significant year-to-date and one-year declines contribute to the current falling stock price of Shalimar Wires Industries Ltd.

How big is Shalimar Wires?

As of 10th June, Shalimar Wires Industries Ltd has a market capitalization of 77.00 Cr, with Net Sales of 142.11 Cr and a Net Profit of 5.82 Cr over the latest four quarters. The company has Shareholder's Funds of 43.20 Cr and Total Assets of 209.84 Cr as of March 2026.

As of 10th June, Shalimar Wires Industries Ltd has a market capitalization of 77.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Shalimar Wires reported Net Sales of 142.11 Cr and a Net Profit of 5.82 Cr.<BR><BR>For the reporting period of March 2026, the company has Shareholder's Funds amounting to 43.20 Cr and Total Assets of 209.84 Cr.

Who are in the management team of Shalimar Wires?

The management team of Shalimar Wires includes Sunil Khaitan (Chairman & Managing Director), S K Kejriwal (Vice President & Company Secretary), Trishna Guha (Independent Director), Parmanand Tiwari (Director), Rajiva (Director), and Vedant Khaitan (Joint Managing Director). They oversee the company's operations and strategic direction.

The management team of Shalimar Wires includes the following key members:<BR><BR>1. **Sunil Khaitan** - Chairman & Managing Director<BR>2. **S K Kejriwal** - Vice President & Company Secretary<BR>3. **Trishna Guha** - Independent Director<BR>4. **Parmanand Tiwari** - Director<BR>5. **Rajiva** - Director<BR>6. **Vedant Khaitan** - Joint Managing Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

Who are the peers of the Shalimar Wires?

Shalimar Wires' peers include Fiberweb (India), Sanrhea Tech., and Deepak Spinners, among others. Management risk varies from excellent at Fiberweb to below average at Shalimar Wires, with Sanrhea Tech. showing the highest 1-year return at 0.04% and Shalimar Wires at -23.00%.

Peers: The peers of Shalimar Wires are Fiberweb (India), Sanrhea Tech., Deepak Spinners, Pion. Embroider., Shanti Spintex, Silky Overseas, Veekayem Fash., Jakharia Fabric, and Ken Enter.<BR><BR>Quality Snapshot: Excellent management risk is observed at Fiberweb (India) and Silky Overseas, while Good management risk is found at Sanrhea Tech. Average management risk is present at Deepak Spinners and Veekayem Fash., while Below Average management risk is noted at Pion. Embroider., Shalimar Wires, Shanti Spintex, and Jakharia Fabric, and the rest. Growth is Good at Shalimar Wires, Silky Overseas, and Veekayem Fash., while Average growth is seen at Sanrhea Tech. Below Average growth is reported at Fiberweb (India), Deepak Spinners, Pion. Embroider., Shanti Spintex, and Jakharia Fabric, and the rest. Excellent capital structure is found at Fiberweb (India), while Good capital structure is noted at Sanrhea Tech., Deepak Spinners, and Ken Enter. Below Average capital structure is present at Shalimar Wires, Pion. Embroider., Shanti Spintex, and Veekayem Fash., and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Sanrhea Tech. at 0.04%, while the peer with the lowest 1-year return is Fiberweb (India) at -47.12%. Shalimar Wires has a 1-year return of -23.00%, which is better than Fiberweb (India) but worse than Sanrhea Tech. Additionally, the six-month return is negative for Fiberweb (India), Deepak Spinners, Pion. Embroider., Shanti Spintex, and Ken Enter.

What does Shalimar Wires do?

Shalimar Wires Industries Ltd is a micro-cap manufacturer of metal wire cloths, synthetic woven fabrics, and EDM wires, with net sales of 38 Cr and a net profit of 2 Cr reported for March 2026. The company has a market cap of INR 77 Cr and key financial metrics include a P/E ratio of 10.00 and a debt-equity ratio of 1.90.

Overview:<BR>Shalimar Wires Industries Ltd is a manufacturer of metal wire cloths, synthetic woven fabrics, and EDM wires, operating in the Garments & Apparels industry within the micro-cap market.<BR><BR>History:<BR>Established in September 1996, Shalimar Wires Industries Ltd has remained active in its sector, with the latest quarterly results reporting net sales and profit for March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 38 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 77 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 10.00 <BR>Industry P/E: 14 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.90 <BR>Return on Equity: 17.82% <BR>Price to Book: 1.78 <BR><BR>Contact Details:<BR>Address: 25 Ganesh Chandra Avenue, 2nd Floor Kolkata West Bengal : 700013 <BR>Tel: 91-033-22349308/09/10 <BR>Email: swilho@shalimarwires.com <BR>Website: http://www.shalimarwires.com

Are Shalimar Wires Industries Ltd latest results good or bad?

Shalimar Wires Industries Ltd's latest results show a significant net profit increase of 163.64% and revenue growth, indicating improved operational efficiency. However, high debt levels and low return on equity present serious risks, making it a high-risk investment.

Shalimar Wires Industries Ltd's latest results present a mixed picture. On one hand, the company reported a significant increase in net profit for Q4 FY26, which rose by 163.64% year-on-year to ₹2.32 crores. Revenue also saw a positive trend, reaching ₹38.31 crores, marking a 5.42% increase year-on-year and a 9.39% growth quarter-on-quarter. Additionally, the operating margin improved to 20.99%, up from 15.35% in the same quarter last year, indicating better operational efficiency.<BR><BR>However, despite these positive developments, the company faces serious challenges. It has a high debt-to-equity ratio of 2.01, reflecting significant financial leverage that constrains profitability and growth potential. The return on equity remains low at just 2.81%, which is well below acceptable levels for investors. Furthermore, 45.03% of promoter shares are pledged, raising governance concerns.<BR><BR>Overall, while the quarterly results show improvement in profitability and revenue, the underlying financial health of the company, characterized by high leverage and low returns, suggests that it remains a high-risk investment. Investors should weigh these factors carefully before making any decisions.

Should I buy, sell or hold Shalimar Wires Industries Ltd?

How has been the historical performance of Shalimar Wires?

Shalimar Wires has shown a mixed historical performance, with net sales increasing from INR 88.28 crore in March 2021 to INR 131.86 crore in March 2025, and operating profit rising significantly to INR 25.08 crore. Despite fluctuations in profit after tax, the company has improved cash flow and overall financial resilience.

Answer:<BR>The historical performance of Shalimar Wires shows a mixed trend over the years, with fluctuations in sales, profits, and expenses.<BR><BR>Breakdown:<BR>Shalimar Wires has experienced a steady increase in net sales from INR 88.28 crore in March 2021 to INR 131.86 crore in March 2025, with a notable rise from INR 120.69 crore in March 2023 to INR 128.33 crore in March 2024. The total operating income followed a similar pattern, reaching INR 131.94 crore in March 2025. However, the company's total expenditure, excluding depreciation, peaked at INR 108.31 crore in March 2024 before declining to INR 106.86 crore in March 2025. Operating profit, excluding other income, improved significantly from INR 5.80 crore in March 2021 to INR 25.08 crore in March 2025, reflecting a positive trend in profitability. The profit before tax also turned positive, increasing from a loss of INR 16.68 crore in March 2021 to a profit of INR 2.34 crore in March 2025. Despite these improvements, the profit after tax showed fluctuations, with a peak of INR 6.53 crore in March 2023, followed by a decrease to INR 2.34 crore in March 2025. The company's total liabilities increased from INR 168.50 crore in March 2023 to INR 197.59 crore in March 2025, while total assets rose from INR 168.50 crore to INR 197.59 crore in the same period. Cash flow from operating activities improved significantly, reaching INR 47 crore in March 2025, indicating better cash management. Overall, Shalimar Wires has shown resilience in its financial performance, with notable improvements in sales and profitability despite challenges in the previous years.

When is the next results date for Shalimar Wires?

The next results date for Shalimar Wires is 10 November 2025.

The next results date for Shalimar Wires is scheduled for 10 November 2025.

Is Shalimar Wires overvalued or undervalued?

As of September 23, 2025, Shalimar Wires is fairly valued with a PE Ratio of 40.21 and an EV to EBITDA of 6.67, despite underperforming the Sensex over the past year.

As of 23 September 2025, the valuation grade for Shalimar Wires has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 40.21, an EV to EBITDA of 6.67, and a ROE of 5.85%. <BR><BR>In comparison to peers, Hindustan Zinc has a PE of 18.94 and an EV to EBITDA of 11.38, while Vedanta shows a more attractive PE of 13.56 and an EV to EBITDA of 5.52. Despite the recent performance, where Shalimar Wires has underperformed the Sensex over the last year with a return of -31.64% compared to -3.33% for the index, the valuation metrics suggest that the stock is currently fairly priced within its industry context.

What is the technical trend for Shalimar Wires?

As of June 3, 2025, Shalimar Wires shows a neutral technical stance with mixed signals, as the weekly MACD is mildly bullish while the monthly MACD is mildly bearish, despite a recent 9.27% price increase compared to the Sensex's 1.33%.

As of 3 June 2025, the technical trend for Shalimar Wires has changed from mildly bearish to sideways. The weekly MACD indicates a mildly bullish stance, while the monthly MACD is mildly bearish, suggesting mixed signals. The daily moving averages are mildly bearish, which contrasts with the weekly Bollinger Bands showing a bullish trend. The KST and Dow Theory both reflect a mildly bullish outlook on the weekly timeframe. Overall, the current technical stance is neutral, with strength indicated by the recent price action, including a notable return of 9.27% over the past week compared to the Sensex's 1.33%.

Who are the top shareholders of the Shalimar Wires?

The top shareholders of Shalimar Wires include Sunita Khaitan, who holds 23.67%, and Asset Reconstruction Company (India) Ltd., with 25.95%. Individual investors own 5.82%, while there are currently no holdings from mutual funds or foreign institutional investors.

The top shareholders of Shalimar Wires include the promoters, who hold the majority of the shares. The promoter with the highest holding is Sunita Khaitan, owning 23.67% of the company. Additionally, the highest public shareholder is Asset Reconstruction Company (India) Ltd., which holds 25.95%. Individual investors collectively own 5.82% of the shares. It's also worth noting that there are no holdings from mutual funds or foreign institutional investors (FIIs) at this time.

Has Shalimar Wires declared dividend?

No Dividend History Available