Shree Steel Wire Ropes Ltd
Incorporated in 1972, Shree Steel Wire Ropes Ltd manufactures Wire Rope, Wire Rope Allied Products and Railway OHE products[1]
- Market Cap ₹ 12.6 Cr.
- Current Price ₹ 38.0
- High / Low ₹ 48.0 / 25.7
- Stock P/E
- Book Value ₹ 40.4
- Dividend Yield 0.00 %
- ROCE 8.14 %
- ROE 5.88 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.94 times its book value
- Debtor days have improved from 71.6 to 42.9 days.
- Company's working capital requirements have reduced from 117 days to 85.4 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.4% over past five years.
- Promoter holding is low: 30.2%
- Company has a low return on equity of 5.01% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.05 | 6.65 | 8.99 | 9.52 | 11.49 | 9.08 | 11.07 | 15.32 | 21.53 | 13.95 | 15.23 | 18.12 | 10.93 | |
4.52 | 6.07 | 7.96 | 8.68 | 10.12 | 8.49 | 10.20 | 14.11 | 18.83 | 12.47 | 14.75 | 16.79 | 10.75 | |
Operating Profit | 0.53 | 0.58 | 1.03 | 0.84 | 1.37 | 0.59 | 0.87 | 1.21 | 2.70 | 1.48 | 0.48 | 1.33 | 0.18 |
OPM % | 10.50% | 8.72% | 11.46% | 8.82% | 11.92% | 6.50% | 7.86% | 7.90% | 12.54% | 10.61% | 3.15% | 7.34% | 1.65% |
0.16 | 0.23 | 0.43 | 0.24 | 0.28 | 0.39 | 0.20 | 0.07 | 0.03 | 0.03 | 0.09 | 0.07 | 0.12 | |
Interest | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | 0.17 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 |
Depreciation | 0.35 | 0.34 | 0.16 | 0.12 | 0.11 | 0.11 | 0.14 | 0.16 | 0.19 | 0.26 | 0.30 | 0.32 | 0.32 |
Profit before tax | 0.34 | 0.46 | 1.29 | 0.96 | 1.53 | 0.86 | 0.91 | 0.95 | 2.53 | 1.24 | 0.26 | 1.07 | -0.07 |
Tax % | 32.35% | 36.96% | 22.48% | 31.25% | 34.64% | 38.37% | 24.18% | 51.58% | 23.72% | 29.03% | -3.85% | 26.17% | |
0.23 | 0.30 | 1.00 | 0.67 | 0.99 | 0.53 | 0.69 | 0.46 | 1.93 | 0.87 | 0.27 | 0.78 | -0.20 | |
EPS in Rs | 0.69 | 0.91 | 3.02 | 2.02 | 2.99 | 1.60 | 2.08 | 1.39 | 5.83 | 2.63 | 0.82 | 2.36 | -0.60 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | -6% |
TTM: | -50% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 1% |
3 Years: | -26% |
TTM: | -117% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 27% |
3 Years: | 21% |
1 Year: | 36% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 7% |
3 Years: | 5% |
Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 | 3.30 |
Reserves | 2.21 | 2.50 | 3.50 | 4.17 | 5.16 | 5.69 | 6.38 | 6.81 | 8.42 | 9.41 | 9.70 | 10.22 | 10.09 |
0.04 | 0.04 | 0.04 | 0.00 | 0.06 | 0.03 | 0.20 | 0.12 | 0.03 | 0.07 | 0.02 | 0.00 | 0.00 | |
1.11 | 2.26 | 1.48 | 1.65 | 1.89 | 2.11 | 2.36 | 3.52 | 2.60 | 2.14 | 2.78 | 2.37 | 1.64 | |
Total Liabilities | 6.66 | 8.10 | 8.32 | 9.12 | 10.41 | 11.13 | 12.24 | 13.75 | 14.35 | 14.92 | 15.80 | 15.89 | 15.03 |
1.91 | 1.61 | 1.47 | 1.42 | 1.44 | 2.60 | 3.96 | 4.12 | 4.02 | 4.23 | 4.33 | 4.21 | 4.10 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
4.75 | 6.49 | 6.85 | 7.70 | 8.97 | 8.53 | 8.28 | 9.63 | 10.05 | 10.68 | 11.46 | 11.67 | 10.91 | |
Total Assets | 6.66 | 8.10 | 8.32 | 9.12 | 10.41 | 11.13 | 12.24 | 13.75 | 14.35 | 14.92 | 15.80 | 15.89 | 15.03 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.62 | 0.70 | -0.02 | 0.64 | 0.40 | 0.63 | 0.70 | 0.72 | 0.26 | 0.49 | 0.35 | 1.94 | |
-0.18 | -1.06 | -0.07 | -0.30 | -0.08 | -0.48 | -1.13 | -0.25 | -0.75 | 0.16 | -0.57 | -0.76 | |
0.00 | 0.00 | 0.00 | -0.04 | 0.06 | -0.03 | 0.15 | -0.11 | -0.03 | 0.04 | -0.05 | -0.01 | |
Net Cash Flow | 0.44 | -0.36 | -0.09 | 0.30 | 0.38 | 0.12 | -0.28 | 0.36 | -0.53 | 0.69 | -0.27 | 1.16 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 67.22 | 90.56 | 92.16 | 56.74 | 71.48 | 103.31 | 52.43 | 59.09 | 63.07 | 96.81 | 75.01 | 42.91 |
Inventory Days | 120.81 | 104.29 | 43.85 | 86.90 | 80.30 | 82.25 | 107.61 | 104.53 | 69.48 | 111.96 | 134.05 | 96.78 |
Days Payable | 39.84 | 131.73 | 61.91 | 82.11 | 63.61 | 96.65 | 93.55 | 84.78 | 42.18 | 59.06 | 56.74 | 22.40 |
Cash Conversion Cycle | 148.19 | 63.12 | 74.11 | 61.54 | 88.16 | 88.90 | 66.48 | 78.83 | 90.36 | 149.71 | 152.33 | 117.28 |
Working Capital Days | 104.08 | 61.47 | 65.37 | 65.56 | 75.92 | 97.68 | 155.63 | 62.90 | 77.81 | 136.58 | 130.13 | 85.41 |
ROCE % | 6.26% | 8.25% | 18.30% | 14.81% | 20.39% | 9.92% | 10.58% | 11.14% | 23.38% | 10.19% | 2.09% | 8.14% |
Documents
Announcements
- Closure of Trading Window 10h
- Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Feb
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 26 Feb
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Feb
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Jan - Newspaper publication for extract of Unaudited Financial Results for the quarter and nine months ended December 31, 2023.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Business Overview:[1]
Company is in the business of production of Steel Wire Ropes, Strands, Slings, Three Pulley Type Regulating Equipment, Section Insulator Assembly and allied products