Shree Steel Wire Ropes Ltd

Sh. Steel Wire Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shree Steel Wire Ropes Ltd

₹ 39.8 -0.18%
11 Oct - close price
sswrl.com BSE: 513488
About

Incorporated in 1972, Shree Steel Wire Ropes Ltd manufactures Wire Rope, Wire Rope Allied Products and Railway OHE products[1]

Key Points

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

Website BSE
  • Market Cap ₹ 13.2 Cr.
  • Current Price ₹ 39.8
  • High / Low ₹ 50.8 / 32.1
  • Stock P/E
  • Book Value ₹ 40.6
  • Dividend Yield 0.00 %
  • ROCE -1.11 %
  • ROE -1.11 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.98 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.27% over past five years.
  • Promoter holding is low: 30.7%
  • Company has a low return on equity of 2.27% 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

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
2.53 4.22 3.78 7.44 4.60 5.00 4.97 4.26 2.27 2.36 2.04 3.29 2.55
2.62 4.14 3.77 6.95 4.58 4.56 4.28 4.09 2.14 2.51 2.01 3.26 2.47
Operating Profit -0.09 0.08 0.01 0.49 0.02 0.44 0.69 0.17 0.13 -0.15 0.03 0.03 0.08
OPM % -3.56% 1.90% 0.26% 6.59% 0.43% 8.80% 13.88% 3.99% 5.73% -6.36% 1.47% 0.91% 3.14%
0.01 0.02 0.00 0.06 0.01 0.02 0.02 0.03 0.01 0.05 0.03 0.05 0.04
Interest 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.03 0.00 0.00 0.00
Depreciation 0.07 0.07 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.09
Profit before tax -0.15 0.03 -0.07 0.46 -0.05 0.38 0.63 0.11 0.05 -0.21 -0.02 0.00 0.03
Tax % -20.00% 100.00% -57.14% 6.52% 0.00% -5.26% 38.10% 63.64% 60.00% 0.00% 100.00% -33.33%
-0.12 -0.01 -0.03 0.43 -0.05 0.40 0.39 0.04 0.01 -0.21 -0.04 0.02 0.03
EPS in Rs -0.36 -0.03 -0.09 1.30 -0.15 1.21 1.18 0.12 0.03 -0.63 -0.12 0.06 0.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6.65 8.99 9.52 11.49 9.08 11.07 15.32 21.53 13.95 15.23 18.12 9.95 10.24
6.07 7.96 8.68 10.12 8.49 10.20 14.11 18.83 12.47 14.75 16.79 9.91 10.25
Operating Profit 0.58 1.03 0.84 1.37 0.59 0.87 1.21 2.70 1.48 0.48 1.33 0.04 -0.01
OPM % 8.72% 11.46% 8.82% 11.92% 6.50% 7.86% 7.90% 12.54% 10.61% 3.15% 7.34% 0.40% -0.10%
0.23 0.43 0.24 0.28 0.39 0.20 0.07 0.03 0.03 0.09 0.07 0.14 0.17
Interest 0.01 0.01 0.00 0.01 0.01 0.02 0.17 0.01 0.01 0.01 0.01 0.04 0.03
Depreciation 0.34 0.16 0.12 0.11 0.11 0.14 0.16 0.19 0.26 0.30 0.32 0.33 0.33
Profit before tax 0.46 1.29 0.96 1.53 0.86 0.91 0.95 2.53 1.24 0.26 1.07 -0.19 -0.20
Tax % 36.96% 22.48% 31.25% 34.64% 38.37% 24.18% 51.58% 23.72% 29.03% -3.85% 26.17% -21.05%
0.30 1.00 0.67 0.99 0.53 0.69 0.46 1.93 0.87 0.27 0.78 -0.15 -0.20
EPS in Rs 0.91 3.02 2.02 2.99 1.60 2.08 1.39 5.83 2.63 0.82 2.36 -0.45 -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: 1%
5 Years: -8%
3 Years: -11%
TTM: -38%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -124%
Stock Price CAGR
10 Years: 18%
5 Years: 30%
3 Years: 18%
1 Year: 9%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 2%
Last Year: -1%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
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
Reserves 2.50 3.50 4.17 5.16 5.69 6.38 6.81 8.42 9.41 9.70 10.22 10.14
0.04 0.04 0.00 0.06 0.03 0.20 0.12 0.03 0.07 0.02 0.00 0.00
2.26 1.48 1.65 1.89 2.11 2.36 3.52 2.60 2.14 2.78 2.37 1.70
Total Liabilities 8.10 8.32 9.12 10.41 11.13 12.24 13.75 14.35 14.92 15.80 15.89 15.14
1.61 1.47 1.42 1.44 2.60 3.96 4.12 4.02 4.23 4.33 4.21 4.22
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.27 0.00 0.00 0.00 0.01
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01
6.49 6.85 7.70 8.97 8.53 8.28 9.63 10.05 10.68 11.46 11.67 10.90
Total Assets 8.10 8.32 9.12 10.41 11.13 12.24 13.75 14.35 14.92 15.80 15.89 15.14

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.70 -0.02 0.64 0.40 0.63 0.70 0.72 0.26 0.49 0.35 1.94 0.56
-1.06 -0.07 -0.30 -0.08 -0.48 -1.13 -0.25 -0.75 0.16 -0.57 -0.76 -0.49
0.00 0.00 -0.04 0.06 -0.03 0.15 -0.11 -0.03 0.04 -0.05 -0.01 -0.22
Net Cash Flow -0.36 -0.09 0.30 0.38 0.12 -0.28 0.36 -0.53 0.69 -0.27 1.16 -0.15

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 90.56 92.16 56.74 71.48 103.31 52.43 59.09 63.07 96.81 75.01 42.91 50.62
Inventory Days 104.29 43.85 86.90 80.30 82.25 107.61 104.53 69.48 111.96 134.05 96.78 180.58
Days Payable 131.73 61.91 82.11 63.61 96.65 93.55 84.78 42.18 59.06 56.74 22.40 37.76
Cash Conversion Cycle 63.12 74.11 61.54 88.16 88.90 66.48 78.83 90.36 149.71 152.33 117.28 193.45
Working Capital Days 61.47 65.37 65.56 75.92 97.68 155.63 62.90 77.81 136.58 130.13 85.41 140.50
ROCE % 8.25% 18.30% 14.81% 20.39% 9.92% 10.58% 11.14% 23.38% 10.19% 2.09% 8.14% -1.11%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
29.53% 29.56% 29.37% 29.56% 29.56% 29.56% 29.56% 29.57% 29.91% 30.22% 30.71% 30.71%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
70.46% 70.44% 70.63% 70.44% 70.45% 70.44% 70.44% 70.42% 70.09% 69.77% 69.28% 69.29%
No. of Shareholders 3,8753,9004,0754,0914,0794,0153,9894,0574,1524,3224,3974,407

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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