Shalimar Wires Industries Ltd

₹ 18.5 0.82%

21 Jul 1:02 p.m.

About

Incorporated in 1996, Shalimar Wires Industries Limited manufactures Paper Mill Product and EDM Wires.

Key Points

Business Overview:^[1]^[2]
SWIL manufactures synthetic and metallic fourdrinier Wire Cloths, Synthetic Woven Fabrics, Dandy Roll and Accessories etc, which are critical components in the paper, pulp, and board industries.

Website BSE

Market Cap ₹ 79.2 Cr.
Current Price ₹ 18.5
High / Low ₹ 25.0 / 15.0
Stock P/E 10.3
Book Value ₹ 10.1
Dividend Yield 0.00 %
ROCE 16.7 %
ROE 19.1 %
Face Value ₹ 2.00

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Pros

Company has delivered good profit growth of 19.8% CAGR over last 5 years

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 9.96% over past five years.
Tax rate seems low
Company has a low return on equity of 8.36% over last 3 years.
Promoters have pledged 45.0% of their holding.

* 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	31.07	31.61	33.34	29.35	34.21	33.94	30.77	30.89	36.35	32.84	35.98	35.04	38.33
	25.40	24.73	25.92	24.39	33.27	26.67	24.43	24.65	30.77	25.48	28.06	27.44	30.29
Operating Profit	5.67	6.88	7.42	4.96	0.94	7.27	6.34	6.24	5.58	7.36	7.92	7.60	8.04
OPM %	18.25%	21.77%	22.26%	16.90%	2.75%	21.42%	20.60%	20.20%	15.35%	22.41%	22.01%	21.69%	20.98%
	7.08	0.51	0.76	0.39	5.11	0.41	0.44	0.69	1.52	0.52	0.53	0.53	-1.03
Interest	5.97	3.45	3.45	3.45	2.23	3.39	3.05	3.05	4.06	3.39	3.49	3.64	3.63
Depreciation	2.59	3.00	3.00	3.00	3.92	3.48	3.48	3.48	2.16	3.48	3.48	3.48	1.07
Profit before tax	4.19	0.94	1.73	-1.10	-0.10	0.81	0.25	0.40	0.88	1.01	1.48	1.01	2.31
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%
	4.19	0.94	1.73	-1.10	-0.10	0.81	0.25	0.40	0.88	1.01	1.48	1.01	2.32
EPS in Rs	0.98	0.22	0.40	-0.26	-0.02	0.19	0.06	0.09	0.21	0.24	0.35	0.24	0.54
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Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	94	96	101	105	115	111	88	97	121	128	132	142
	80	83	89	106	110	101	82	90	98	108	107	111
Operating Profit	15	13	11	-1	5	10	6	7	22	20	25	31
OPM %	16%	13%	11%	-1%	5%	9%	7%	7%	19%	16%	19%	22%
	-1	1	24	218	3	7	2	14	9	7	3	1
Interest	9	8	8	8	9	12	16	13	15	13	13	14
Depreciation	6	6	6	5	5	9	9	9	10	13	13	12
Profit before tax	-0	-0	22	203	-5	-3	-17	-0	7	1	2	6
Tax %	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%
	-0	-0	22	203	-5	-3	-17	-0	7	1	2	6
EPS in Rs	-0.10	-0.06	5.79	54.11	-1.20	-0.78	-3.90	-0.02	1.53	0.34	0.55	1.36
Dividend Payout %	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%	-0%

Compounded Sales Growth
10 Years:	4%
5 Years:	10%
3 Years:	6%
TTM:	8%

Compounded Profit Growth
10 Years:	50%
5 Years:	20%
3 Years:	146%
TTM:	289%

Stock Price CAGR
10 Years:	17%
5 Years:	22%
3 Years:	-3%
1 Year:	-14%

Return on Equity
10 Years:	%
5 Years:	-1%
3 Years:	8%
Last Year:	19%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	9	9	9	9	9	9	9	9	9
Reserves	-183	-183	-161	43	37	34	18	18	24	26	29	35
	83	118	86	73	92	93	85	85	91	90	89	91
	235	206	233	34	40	62	76	60	45	51	71	75
Total Liabilities	143	149	166	159	177	198	187	171	168	175	198	210
	41	49	48	46	73	68	77	71	94	89	79	110
CWIP	17	10	6	7	21	41	28	30	0	1	29	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	85	89	111	106	83	89	83	70	74	85	89	100
Total Assets	143	149	166	159	177	198	187	171	168	175	198	210

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	35	-3	15	241	16	31	20	23	18	25	47	29
	-13	-7	1	-2	-46	-20	-5	-4	-3	-9	-31	-12
	-23	13	8	-235	6	-11	-18	-24	-13	-16	-13	-14
Net Cash Flow	-1	3	24	4	-24	-0	-2	-5	2	0	3	3
Free Cash Flow	22	-11	13	237	-31	10	15	19	15	16	16	16
CFO/OP	236%	-23%	132%	-24,130%	280%	299%	346%	348%	78%	125%	186%	94%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	136	149	146	114	95	95	134	99	77	73	81	81
Inventory Days	390	404	327	258	282	385	424	377	355	422	367	434
Days Payable	139	142	142	160	229	448	508	427	269	335	308	356
Cash Conversion Cycle	387	411	331	212	149	31	50	49	164	160	139	159
Working Capital Days	-665	-587	-571	97	67	15	-37	-5	51	33	32	34
ROCE %				-11%	3%	6%	-1%	2%	13%	10%	12%	17%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Export Turnover
INR Lakhs

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xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx
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xx		xx
xx		xx

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Number of Employees
count

EDM Wire Segment Revenue (External)
INR Lakhs

Paper Mill Products Segment Revenue (External)
INR Lakhs

Metal Fourdrinier Wire Cloth Share of Total Turnover
% of total turnover

Synthetic Forming Fabric Share of Total Turnover
% of total turnover

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.64%	65.64%	65.64%	65.64%	65.64%	65.64%	65.64%	65.64%	65.71%	65.71%	65.71%	65.71%
	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%
	32.71%	32.71%	32.71%	32.72%	32.71%	32.70%	32.71%	32.71%	32.64%	32.63%	32.64%	32.64%
No. of Shareholders	16,392	16,692	17,253	17,818	18,337	18,598	18,603	18,480	18,354	18,296	18,202	18,179

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	73.99%	73.99%	65.08%	65.64%	65.64%	65.64%	65.64%	65.64%	65.64%	65.71%	65.71%
	2.06%	2.06%	1.81%	1.81%	1.81%	1.65%	1.65%	1.65%	1.65%	1.65%	1.65%
	23.95%	23.95%	33.11%	32.55%	32.55%	32.71%	32.71%	32.71%	32.71%	32.64%	32.64%
No. of Shareholders	14,291	14,313	14,159	14,030	14,098	16,381	16,504	17,253	18,603	18,202	18,179

* 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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Shalimar Wires Industries Ltd

Shalimar Wires Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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