Shalimar Wires

Which are the latest news on Shalimar Wires?

Why is Shalimar Wires Industries Ltd falling/rising?

As of 09-Jun, Shalimar Wires Industries Ltd's stock price has risen to 18.00, indicating a potential trend reversal after previous declines, supported by strong recent financial results. However, concerns remain regarding its long-term performance due to high debt levels and a history of underperformance.

As of 09-Jun, Shalimar Wires Industries Ltd is experiencing a rise in its stock price, currently at 18.00, reflecting an increase of 0.57 or 3.27%. This upward movement is notable as it comes after three consecutive days of decline, indicating a potential trend reversal. The stock has outperformed its sector by 1.62% today, which may contribute to positive investor sentiment.<BR><BR>Despite the recent rise, the stock has shown mixed performance over different periods. For instance, while it has gained 1.52% over the past week, it has a year-to-date decline of 16.90% and a one-year drop of 23.24%. However, the company has reported very positive financial results, including a significant growth in net profit of 129.7% and a remarkable 317.9% increase in profit after tax compared to the previous four-quarter average. These strong financial indicators, along with a high return on capital employed (ROCE) of 16.22%, suggest that the company is performing well operationally, which can support the stock's price increase.<BR><BR>On the downside, the stock's long-term performance has been hindered by high debt levels, with a debt-to-equity ratio of 2.12 times, and a history of underperformance against benchmarks over the past three years. Additionally, 45.03% of promoter shares are pledged, which can exert downward pressure on the stock in adverse market conditions. <BR><BR>In summary, the current rise in Shalimar Wires Industries Ltd's stock price is primarily driven by positive recent financial results and a short-term trend reversal, despite ongoing concerns regarding its long-term fundamentals and high debt levels.

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.

How big is Shalimar Wires?

As of 24th July, Shalimar Wires Industries Ltd has a market capitalization of 98.00 Cr, with recent Net Sales of 131.86 Cr and a Net Profit of 2.34 Cr. The company has Shareholder's Funds of 37.24 Cr and Total Assets of 197.59 Cr.

As of 24th July, Shalimar Wires Industries Ltd has a market capitalization of 98.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Shalimar Wires reported Net Sales of 131.86 Cr and a Net Profit of 2.34 Cr.<BR><BR>For the reporting period of March 2025, the company has Shareholder's Funds amounting to 37.24 Cr and Total Assets of 197.59 Cr.

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.

Who are in the management team of Shalimar Wires?

As of March 2022, 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).

As of March 2022, the management team of Shalimar Wires includes the following individuals:<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>Sunil Khaitan is the Chairman & Managing Director, while S K Kejriwal serves as Vice President and Company Secretary. The board also includes independent and regular directors such as Trishna Guha, Parmanand Tiwari, and RAJIVA, along with Vedant Khaitan as the Joint Managing Director.

What does Shalimar Wires do?

Shalimar Wires Industries Ltd is a micro-cap manufacturer of metal wire cloths, synthetic woven fabrics, and EDM wires, established in 1996. As of March 2025, it reported net sales of 36 Cr and a net profit of 1 Cr, with a market cap of Rs 97 Cr.

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 maintained its operations in the manufacturing sector. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 36 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap: Rs 97 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 51.00<BR>- Industry P/E: 17<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 2.33<BR>- Return on Equity: 5.55%<BR>- Price to Book: 2.82<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

Has Shalimar Wires declared dividend?

No Dividend History Available

Who are the peers of the Shalimar Wires?

Shalimar Wires' peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Ashnoor Textile, Shekhawati Inds, APM Industries, and Acknit Indus. In terms of management risk, Shalimar Wires is rated below average, with a 1-year return of -4.33%, better than Vedant Fashions but lower than K P R Mill Ltd's 41.29%.

Peers: The peers of Shalimar Wires are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Ashnoor Textile, Shekhawati Inds, APM Industries, and Acknit Indus.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent. Average management risk is noted for Trident, Ashnoor Textile, Shekhawati Inds, APM Industries, and Acknit Indus. Below Average management risk is attributed to Shalimar Wires. In terms of growth, Excellent growth is seen at K P R Mill Ltd, while Good growth is noted for Shalimar Wires. Below Average growth is reported for Page Industries, Vedant Fashions, Trident, Ashnoor Textile, Shekhawati Inds, APM Industries, Acknit Indus, and the rest. Capital Structure ratings show Excellent at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Below Average is noted for Shalimar Wires, Ashnoor Textile, Shekhawati Inds, and Acknit Indus. Good capital structure is found at Trident and APM Industries.<BR><BR>Return Snapshot: The peer with the highest 1-year return is K P R Mill Ltd at 41.29%, while the lowest is Vedant Fashions at -24.55%. Shalimar Wires has a 1-year return of -4.33%, which is higher than Vedant Fashions but lower than K P R Mill Ltd. Additionally, the peers with negative six-month returns include Trent, Vedant Fashions, Trident, APM Industries, and Acknit Indus.