Shalimar Wires Industries Ltd

About [ edit ]

Shalimar Wires Industriesis engaged in business of Synthec Forming Fabric, Metal Fourdrinier Wire Cloth, EDM Wire.

  • Market Cap 19.5 Cr.
  • Current Price 4.56
  • High / Low 6.78 / 3.16
  • Stock P/E
  • Book Value 8.32
  • Dividend Yield 0.00 %
  • ROCE 6.35 %
  • ROE -6.81 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.55 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.28% over past five years.
  • Promoters have pledged 54.24% of their holding.
  • Earnings include an other income of Rs.3.35 Cr.
  • Promoter holding has decreased over last 3 years: -8.35%
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
27.70 27.94 27.33 28.12 31.97 30.58 32.01 25.05 23.36 13.76 22.79 23.89
39.67 24.21 24.35 24.24 37.17 26.21 28.78 23.97 22.05 12.35 20.93 21.19
Operating Profit -11.97 3.73 2.98 3.88 -5.20 4.37 3.23 1.08 1.31 1.41 1.86 2.70
OPM % -43.21% 13.35% 10.90% 13.80% -16.27% 14.29% 10.09% 4.31% 5.61% 10.25% 8.16% 11.30%
Other Income 174.38 0.00 1.02 0.17 2.15 0.05 1.22 3.39 2.39 0.29 0.45 0.22
Interest 2.93 1.95 2.20 1.40 3.26 2.49 2.73 2.72 3.80 3.50 3.70 3.60
Depreciation 0.81 1.50 1.50 1.51 0.53 1.39 1.39 1.39 4.47 2.11 2.11 2.11
Profit before tax 158.67 0.28 0.30 1.14 -6.84 0.54 0.33 0.36 -4.57 -3.91 -3.50 -2.79
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%
Net Profit 158.67 0.27 0.30 1.14 -6.84 0.55 0.33 0.36 -4.57 -3.90 -3.51 -2.79
EPS in Rs 42.19 0.06 0.07 0.27 -1.60 0.13 0.08 0.08 -1.07 -0.91 -0.82 -0.65
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
72 76 83 86 92 91 94 96 101 105 115 111 84
49 60 59 67 74 82 80 83 89 106 110 101 77
Operating Profit 22 16 23 20 18 9 15 13 11 -1 5 10 7
OPM % 31% 21% 28% 23% 20% 10% 16% 13% 11% -1% 5% 9% 9%
Other Income 27 21 75 0 0 6 -1 1 24 218 3 7 3
Interest 37 10 5 3 3 7 9 8 8 8 9 12 15
Depreciation 9 6 5 5 7 7 6 6 6 5 5 9 11
Profit before tax 3 20 89 11 9 1 -0 -0 22 203 -5 -3 -15
Tax % 9% 0% 0% -9% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit 3 20 89 12 9 1 -0 -0 22 203 -5 -3 -15
EPS in Rs 133.04 3.78 2.87 0.39 -0.10 -0.06 5.79 54.11 -1.20 -0.78 -3.45
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:4%
5 Years:3%
3 Years:3%
TTM:-30%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-164%
Stock Price CAGR
10 Years:-13%
5 Years:-0%
3 Years:-38%
1 Year:14%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-7%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
36 36 31 33 36 37 37 37 37 9 9 9 9
Reserves -289 -269 -205 -193 -184 -182 -183 -183 -161 43 37 34 27
Borrowings 333 300 96 66 82 80 54 88 57 73 92 93 91
74 74 222 237 220 223 264 236 263 34 40 62 67
Total Liabilities 124 112 115 114 124 128 143 149 166 159 177 198 193
55 45 40 41 46 43 41 49 48 46 73 68 79
CWIP 1 0 0 0 4 10 17 10 6 7 21 41 28
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
68 66 74 72 74 76 85 89 111 106 83 89 87
Total Assets 124 112 115 114 124 128 143 149 166 159 177 198 193

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 24 16 17 14 13 35 -3 15 241 16 31
-3 -1 -4 -6 -15 -9 -13 -7 1 -2 -46 -20
6 -24 -10 -16 -1 -3 -23 13 8 -235 6 -11
Net Cash Flow 5 -1 2 -5 -2 0 -1 3 24 4 -24 -0

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 23% 22% -11% 3% 6%
Debtor Days 107 102 107 118 121 117 136 149 146 114 95 95
Inventory Turnover 0.72 0.87 0.91 1.16 1.27 1.27 1.10 1.05 1.21 1.52 1.52 1.22

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
73.99 65.08 65.08 65.08 65.08 65.64 65.64 65.64 65.64 65.64 65.64 65.64
2.06 1.81 1.81 1.81 1.81 1.81 1.81 1.82 1.81 1.81 1.81 1.81
23.95 33.11 33.11 33.11 33.11 32.55 32.55 32.54 32.55 32.55 32.55 32.55

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