Shalimar Wires Industries Ltd

Shalimar Wires Industries Ltd

₹ 21.7 -4.57%
14 Jun - 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 92.8 Cr.
  • Current Price 21.7
  • High / Low 30.3 / 17.2
  • Stock P/E
  • Book Value 8.09
  • Dividend Yield 0.00 %
  • ROCE 9.74 %
  • ROE -1.52 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 2.68 times its book value
  • 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 2.18% over past five years.
  • Company has a low return on equity of -11.8% over last 3 years.
  • Promoters have pledged 45.1% of their holding.
  • Earnings include an other income of Rs.6.77 Cr.

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
28.52 22.32 24.17 24.36 26.32 28.50 30.90 30.32 31.07 31.61 33.34 29.35 34.21
28.16 20.68 22.49 23.15 24.11 23.66 24.47 24.78 25.40 24.73 25.92 24.39 33.27
Operating Profit 0.36 1.64 1.68 1.21 2.21 4.84 6.43 5.54 5.67 6.88 7.42 4.96 0.94
OPM % 1.26% 7.35% 6.95% 4.97% 8.40% 16.98% 20.81% 18.27% 18.25% 21.77% 22.26% 16.90% 2.75%
0.95 0.16 0.24 3.26 10.64 0.61 0.19 0.93 7.08 0.51 0.76 0.39 5.11
Interest 4.99 3.56 3.57 3.57 1.89 3.00 3.00 3.00 5.97 3.45 3.45 3.45 2.23
Depreciation 2.81 2.40 2.40 2.40 1.32 2.40 2.40 2.40 2.59 3.00 3.00 3.00 3.92
Profit before tax -6.49 -4.16 -4.05 -1.50 9.64 0.05 1.22 1.07 4.19 0.94 1.73 -1.10 -0.10
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%
-6.48 -4.16 -4.06 -1.50 9.64 0.05 1.22 1.07 4.19 0.94 1.73 -1.10 -0.10
EPS in Rs -1.52 -0.97 -0.95 -0.35 2.25 0.01 0.29 0.25 0.98 0.22 0.40 -0.26 -0.02
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
92 91 94 96 101 105 115 111 88 97 121 128
74 86 80 83 89 106 110 101 82 90 98 108
Operating Profit 18 5 15 13 11 -1 5 10 6 7 22 20
OPM % 20% 5% 16% 13% 11% -1% 5% 9% 7% 7% 19% 16%
0 10 -1 1 24 218 3 7 2 14 9 7
Interest 3 7 9 8 8 8 9 12 16 13 15 13
Depreciation 7 7 6 6 6 5 5 9 9 9 10 13
Profit before tax 9 1 -0 -0 22 203 -5 -3 -17 -0 7 1
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
9 1 -0 -0 22 203 -5 -3 -17 -0 7 1
EPS in Rs 2.87 0.39 -0.10 -0.06 5.79 54.11 -1.20 -0.78 -3.90 -0.02 1.53 0.34
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 13%
TTM: 6%
Compounded Profit Growth
10 Years: 6%
5 Years: 14%
3 Years: 25%
TTM: -198%
Stock Price CAGR
10 Years: 16%
5 Years: 14%
3 Years: 36%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: -18%
3 Years: -12%
Last Year: -2%

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 6 8 8 8 8 9 9 9 9 9 9 9
Reserves -184 -182 -183 -183 -161 43 37 34 18 18 24 26
Preference Capital 29 29 29 29 29 0 0 0 0 0 0
82 80 54 88 57 73 92 93 85 85 91 90
220 223 264 236 263 34 40 62 76 60 45 51
Total Liabilities 124 128 143 149 166 159 177 198 187 171 168 175
46 43 41 49 48 46 73 68 77 71 94 89
CWIP 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
74 76 85 89 111 106 83 89 83 70 74 85
Total Assets 124 128 143 149 166 159 177 198 187 171 168 175

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
14 13 35 -3 15 241 16 31 20 23 18 25
-15 -9 -13 -7 1 -2 -46 -20 -5 -4 -3 -9
-1 -3 -23 13 8 -235 6 -11 -18 -24 -13 -16
Net Cash Flow -2 0 -1 3 24 4 -24 -0 -2 -5 2 0

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 121 117 136 149 146 114 95 95 134 99 77 73
Inventory Days 334 325 390 404 327 258 282 385 424 377 355 422
Days Payable 87 92 139 142 142 160 229 448 508 427 266 335
Cash Conversion Cycle 368 350 387 411 331 212 149 31 50 49 167 160
Working Capital Days -580 -611 -665 -582 -566 101 79 31 4 27 78 72
ROCE % -11% 3% 6% -1% 2% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64% 65.64%
1.66% 1.65% 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% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
32.70% 32.71% 32.71% 32.71% 32.71% 32.69% 32.71% 32.71% 32.71% 32.71% 32.71% 32.71%
No. of Shareholders 14,17814,26514,72716,38116,66416,59816,52716,50416,44716,39216,69217,253

* 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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