Sh. Steel Wire

Which are the latest news on Sh. Steel Wire?

Why is Shree Steel Wire Ropes Ltd falling/rising?

As of 18-Jul, Shree Steel Wire Ropes Ltd's stock price has declined by 4.99% after a trend reversal, closing at Rs. 39.06 despite earlier gains. The stock has shown strong performance over the past month and year-to-date, but decreased investor participation and weak long-term fundamentals may be impacting market sentiment.

As of 18-Jul, Shree Steel Wire Ropes Ltd's stock price is currently falling, with a change of -2.05, representing a decline of 4.99%. This drop follows a trend reversal after six consecutive days of gains, indicating a shift in market sentiment. Although the stock opened with a gain of 4.99% and reached a new 52-week high of Rs. 43.16 earlier in the day, it ultimately closed at Rs. 39.06, which is its intraday low.<BR><BR>The stock has shown strong performance over various periods, including a remarkable 100.31% increase over the past month and a 59.36% rise year-to-date, significantly outperforming the Sensex, which has declined by 8.30% in the same timeframe. However, today's performance underperformed the sector by 5.05%, which may have contributed to the downward pressure on the stock price.<BR><BR>Additionally, there are signs of falling investor participation, as the delivery volume has decreased by 46.32% compared to the five-day average. This decline in trading activity could indicate a lack of confidence among investors, further exacerbating the stock's price drop. Despite the positive factor of increased promoter holding to 100%, the company's weak long-term fundamentals, including a negative EBITDA and poor profitability metrics, suggest underlying issues that may be influencing investor sentiment negatively.

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.

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

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 big is Sh. Steel Wire?

As of 10th June, Shree Steel Wire Ropes Ltd has a market capitalization of 7.00 Cr and reported net sales of 4.87 Cr with a net loss of 0.61 Cr over the latest four quarters. Shareholder's funds are 13.29 Cr, and total assets are valued at 14.51 Cr.

As of 10th June, Shree Steel Wire Ropes Ltd has a market capitalization of 7.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported net sales of 4.87 Cr. However, there was a loss of 0.61 Cr in net profit during the same period.<BR><BR>The latest annual reporting period for the balance sheet is March 2025. Shareholder's funds stood at 13.29 Cr, while total assets were valued at 14.51 Cr.

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).

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>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Sh. Steel Wire?

Peers of Sh. Steel Wire include Castora Agri Com, Monind, Eastcoast Steel, and others, with varying management risks and growth rates. Castora Agri Com leads in 1-year returns at 125.34%, while Sh. Steel Wire has a return of -32.06%.

Peers: The peers of Sh. Steel Wire are Castora Agri Com, Monind, Eastcoast Steel, MFS Intercorp, Elango Industrie, Shree Precoated, Vallabh Steels, Aditya Ispat, and Mahalaxmi Seam.<BR><BR>Quality Snapshot: Excellent management risk is observed at MFS Intercorp, while Below Average management risk is found at Castora Agri Com, Eastcoast Steel, Elango Industrie, Aditya Ispat, Mahalaxmi Seam, and the rest. Growth is Average at Castora Agri Com and Eastcoast Steel, while Below Average growth is noted for MFS Intercorp, Elango Industrie, Aditya Ispat, and the rest. Good capital structure is seen at Sh. Steel Wire, while Below Average capital structure is present at Castora Agri Com, Eastcoast Steel, Elango Industrie, MFS Intercorp, Aditya Ispat, Mahalaxmi Seam, and the rest.<BR><BR>Return Snapshot: Castora Agri Com has the highest 1-year return at 125.34%, while Monind has the lowest at -8.86%. Sh. Steel Wire's 1-year return is -32.06%, which is significantly lower than both peers. Additionally, MFS Intercorp, Eastcoast Steel, Aditya Ispat, Mahalaxmi Seam, and Sh. Steel Wire have negative six-month returns.

What does Sh. Steel Wire do?

Shree Steel Wire Ropes Ltd is a Micro Cap company specializing in the production of steel wire ropes and related products, with net sales of 2 Cr and a market cap of INR 7 Cr as of March 2026. The company has reported a net profit of 0 Cr and has a negative return on equity of -4.74%.

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 the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 2 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2026)<BR>- Market-cap: INR 7 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 26<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.24<BR>- Return on Equity: -4.74%<BR>- Price to Book: 0.52<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

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