Shalimar Wires Industries Ltd

Shalimar Wires Industries Ltd

₹ 25.1 1.91%
23 Feb - close price
About

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

Key Points

Registration:[1]
Company was granted registration under Micro, Small & Medium Enterprises (MSME) on 6th July, 2020.

  • Market Cap 107 Cr.
  • Current Price 25.1
  • High / Low 30.3 / 9.51
  • Stock P/E
  • Book Value 8.24
  • Dividend Yield 0.00 %
  • ROCE 13.2 %
  • ROE 1.77 %
  • Face Value 2.00

Pros

  • Debtor days have improved from 103 to 76.8 days.

Cons

  • Stock is trading at 3.05 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.77% over past five years.
  • Company has a low return on equity of -29.4% over last 3 years.
  • Promoters have pledged 54.2% of their holding.
  • Earnings include an other income of Rs.8.74 Cr.
  • Working capital days have increased from 36.4 days to 77.9 days

* 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: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
23.89 28.52 22.32 24.17 24.36 26.32 28.50 30.90 30.32 31.07 31.61 33.34 29.35
21.19 28.16 20.68 22.49 23.15 24.11 23.66 24.47 24.78 25.40 24.73 25.92 24.39
Operating Profit 2.70 0.36 1.64 1.68 1.21 2.21 4.84 6.43 5.54 5.67 6.88 7.42 4.96
OPM % 11.30% 1.26% 7.35% 6.95% 4.97% 8.40% 16.98% 20.81% 18.27% 18.25% 21.77% 22.26% 16.90%
0.22 0.95 0.16 0.24 3.26 10.64 0.61 0.19 0.93 7.08 0.51 0.76 0.39
Interest 3.60 4.99 3.56 3.57 3.57 1.89 3.00 3.00 3.00 5.97 3.45 3.45 3.45
Depreciation 2.11 2.81 2.40 2.40 2.40 1.32 2.40 2.40 2.40 2.59 3.00 3.00 3.00
Profit before tax -2.79 -6.49 -4.16 -4.05 -1.50 9.64 0.05 1.22 1.07 4.19 0.94 1.73 -1.10
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%
-2.79 -6.48 -4.16 -4.06 -1.50 9.64 0.05 1.22 1.07 4.19 0.94 1.73 -1.10
EPS in Rs -0.65 -1.52 -0.97 -0.95 -0.35 2.25 0.01 0.29 0.25 0.98 0.22 0.40 -0.26
Raw PDF

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
86 92 91 94 96 101 105 115 111 88 97 121 125
67 74 86 80 83 89 106 110 101 82 90 98 100
Operating Profit 20 18 5 15 13 11 -1 5 10 6 7 22 25
OPM % 23% 20% 5% 16% 13% 11% -1% 5% 9% 7% 7% 19% 20%
0 0 10 -1 1 24 218 3 7 2 14 9 9
Interest 3 3 7 9 8 8 8 9 12 16 13 15 16
Depreciation 5 7 7 6 6 6 5 5 9 9 9 10 12
Profit before tax 11 9 1 -0 -0 22 203 -5 -3 -17 -0 7 6
Tax % -9% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
12 9 1 -0 -0 22 203 -5 -3 -17 -0 7 6
EPS in Rs 3.78 2.87 0.39 -0.10 -0.06 5.79 54.11 -1.20 -0.78 -3.90 -0.02 1.53 1.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 3%
3 Years: 3%
TTM: 8%
Compounded Profit Growth
10 Years: -26%
5 Years: 15%
3 Years: 30%
TTM: -116%
Stock Price CAGR
10 Years: 23%
5 Years: 12%
3 Years: 68%
1 Year: 129%
Return on Equity
10 Years: %
5 Years: -19%
3 Years: -29%
Last Year: 2%

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 4 6 8 8 8 8 9 9 9 9 9 9 9
Reserves -193 -184 -182 -183 -183 -161 43 37 34 18 18 24 27
Preference Capital 29 29 29 29 29 29 0 0 0 0 0 0
66 82 80 54 88 57 73 92 93 85 85 91 92
237 220 223 264 236 263 34 40 62 76 60 45 46
Total Liabilities 114 124 128 143 149 166 159 177 198 187 171 168 174
41 46 43 41 49 48 46 73 68 77 71 94 89
CWIP 0 4 10 17 10 6 7 21 41 28 30 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
72 74 76 85 89 111 106 83 89 83 70 74 84
Total Assets 114 124 128 143 149 166 159 177 198 187 171 168 174

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
17 14 13 35 -3 15 241 16 31 20 23 18
-6 -15 -9 -13 -7 1 -2 -46 -20 -5 -4 -3
-16 -1 -3 -23 13 8 -235 6 -11 -18 -24 -13
Net Cash Flow -5 -2 0 -1 3 24 4 -24 -0 -2 -5 2

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 118 121 117 136 149 146 114 95 95 134 99 77
Inventory Days 342 334 325 390 404 327 258 282 385 424 377 355
Days Payable 88 87 92 139 142 142 160 229 448 508 427 266
Cash Conversion Cycle 372 368 350 387 411 331 212 149 31 50 49 167
Working Capital Days -646 -580 -611 -665 -582 -566 101 79 31 4 27 78
ROCE % -11% 3% 6% -1% 2% 13%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64%
1.81% 1.66% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65% 1.65%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00%
32.55% 32.70% 32.71% 32.71% 32.71% 32.71% 32.69% 32.71% 32.71% 32.71% 32.71% 32.71%
No. of Shareholders 14,09814,17814,26514,72716,38116,66416,59816,52716,50416,44716,39216,692

* 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.

Click on the line-items to see the names of individual entities.

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