Sh. Steel Wire

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.

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.

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.

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

The next results date for Shree Steel Wire Ropes Ltd is 27 May 2026.

The next results date for Shree Steel Wire Ropes Ltd is scheduled for 27 May 2026.

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

Shree Steel Wire Ropes Ltd's latest results show a return to profitability with a net profit of ₹0.04 crores in Q4 FY26, but revenue has declined 40.20% year-over-year, and the company faces ongoing structural challenges, indicating that the improvement may be temporary rather than a solid turnaround.

The latest results for Shree Steel Wire Ropes Ltd present a mixed picture. On one hand, the company reported a net profit of ₹0.04 crores in Q4 FY26, marking a return to profitability after several quarters of losses. This is a positive development, as it reflects a significant improvement from a net loss of ₹0.17 crores in the previous quarter.<BR><BR>However, the overall financial performance remains concerning. Revenue for the quarter was ₹1.80 crores, which, despite being a 63.64% increase from the previous quarter, represents a substantial 40.20% decline compared to the same quarter last year. Additionally, the operating margin remains negative at -1.11%, indicating ongoing challenges in covering operational costs.<BR><BR>The company has been experiencing a long-term decline in revenue, with a five-year sales CAGR of -19.17%. This trend, combined with weak capital efficiency metrics such as a return on equity of just 2.21%, suggests significant structural issues within the business.<BR><BR>Overall, while the return to profitability in the latest quarter is a positive sign, the underlying financial dynamics and persistent revenue decline indicate that the results are more of a temporary relief rather than a solid turnaround. The company faces severe challenges that could hinder sustainable growth moving forward.

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

Why is Shree Steel Wire Ropes Ltd falling/rising?

As of 02-Jun, Shree Steel Wire Ropes Ltd's stock price is at 20.06, reflecting a 6.74% decrease. The stock has underperformed significantly, with a year-to-date decline of 18.16% and a 36.72% drop over the past year, indicating a bearish trend and reduced investor interest.

As of 02-Jun, Shree Steel Wire Ropes Ltd's stock price is falling, currently at 20.06, which reflects a decrease of 1.45 or 6.74%. The stock has been underperforming, having lost 15.54% over the last two days and showing a negative performance today, underperforming its sector by 7.03%. The stock opened with a loss of 2.32% and reached an intraday low of Rs 19.42, indicating significant downward pressure.<BR><BR>In terms of broader performance, the stock has exhibited a year-to-date decline of 18.16%, which is more severe than the Sensex's decline of 12.40%. Over the past year, the stock has decreased by 36.72%, while the Sensex has only fallen by 8.26%. Additionally, the stock is trading below all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), which typically signals a bearish trend.<BR><BR>Investor participation has also declined, with delivery volume dropping by 37.91% compared to the 5-day average, suggesting reduced interest in the stock. The high volatility today, with an intraday volatility of 7.92%, further indicates instability in the stock's price movements. Overall, these factors contribute to the ongoing decline in Shree Steel Wire Ropes Ltd's stock price.

Which are the latest news on Sh. Steel Wire?