Shalimar Wires Industries Ltd - Stock Valuation and Financial Performance

BSE: 532455 | NSE: | Metal - Non Ferrous | Small Cap

Shalimar Wires Inds Share Price

20.61 -0.04 -0.19%
as on 22-Apr'25 16:59

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Shalimar Wires Industries stock performance -

P/E Ratio (SA):
65.06
Market Cap:
88.3 Cr.
52-wk low:
18.4
52-wk high:
38.9

Is Shalimar Wires Industries Ltd an attractive stock to invest in?

1. Is Shalimar Wires Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shalimar Wires Industries Ltd is a average quality company.

2. Is Shalimar Wires Industries Ltd undervalued or overvalued?

The key valuation ratios of Shalimar Wires Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Shalimar Wires Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shalimar Wires Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shalimar Wires Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shalimar Wires Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%786.9%2.9%6.2%-0.7%11.4%18.5%11.3%-
Value Creation
Index
NANANA55.2-0.8-0.6-1.1-0.20.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 94.49610210511511188.497.2121129130
Sales YoY Gr.-1.7%6.4%3.1%9.5%-3.8%-20.3%9.9%24.3%6.4%-
Adj EPS 0.3-0212.5-1.2-0.7-3.9-1.70.900.3
YoY Gr.--111.5%NA520.4%-109.5%NANANANA-97.8%-
BVPS (₹) -46.6-46.6-40.81210.810.16.26.17.68.18.4
Adj Net
Profit
1-0.17.653.3-5.1-3.1-16.6-7.33.80.11
Cash Flow from Ops. 34.9-3.314.524115.630.820.423.417.825-
Debt/CF from Ops. 1.6-21.13.90.35.834.13.65.13.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.5%2.2%13.3%6.4%
Adj EPS -24.8%NANA-97.8%
BVPSNA-5.5%9.6%6.2%
Share Price 17.8% 32.5% 27.3% -10.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-0.70.1-5.6-146.3-10.5-7-47.9-27.912.90.23.9
Op. Profit
Mgn %
15.713.110.8-14.79.36.7718.615.716
Net Profit
Mgn %
1-0.17.450.6-4.4-2.8-18.8-7.53.10.11.1
Debt to
Equity
-0.4-0.5-0.51.422.13.23.22.82.6-
Working Cap
Days
275290273264208254323271210216109
Cash Conv.
Cycle
16718017115082706656486424

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.90%

Sales growth is growing at healthy rate in last 3 years 13.27%

Debt to equity has declined versus last 3 years average to 2.59

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 3.69%

Latest Financials - Shalimar Wires Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 0.3 -
TTM Sales (₹ Cr.) 130 -
BVPS (₹.) 8.4 -
Reserves (₹ Cr.) 27 -
P/BV 2.45 -
PE 65.06 -
From the Market
52 Week Low / High (₹) 18.43 / 38.88
All Time Low / High (₹) 1.01 / 42.80
Market Cap (₹ Cr.) 88.3
Equity (₹ Cr.) 8.6
Face Value (₹) 2
Industry PE 16.3

Quarterly Results

 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Sales (₹ Cr.) 34.1 9.933.9 7.330.8 -7.630.9 5.2
Adj EPS (₹) -0.4 N/A0.2 -13.60.1 -850.1 N/A
Op. Profit Mgn % 2.75 -1550 bps21.44 -32 bps20.61 -170 bps20.21 330 bps
Net Profit Mgn % -4.35 -430 bps2.40 -57 bps0.82 -437 bps1.29 503 bps

Management X-Ray of Shalimar Wires Inds:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:65.64%Institutions:27.6%Non-Institutions:6.76%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec24Mar2520%30%40%50%60%70%
Pledged *54.2454.2454.2454.2454.2445.0845.0845.0845.0845.08
* Pledged shares as % of Promoter's holding (%)

Valuation of Shalimar Wires Inds

MRP
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MOS
spaceLock icon%
DP
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Base EPS
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DPS
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MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

No data found!

Key Ratios of Shalimar Wires Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Gravita India 1,972.5 -7.6 (-0.4%) Small Cap 2,679 22.7 5.9 87.2 9.5
Ram Ratna Wires 542.8 -4.2 (-0.8%) Small Cap 2,615 13 1.8 42.2 5.7
Hindustan Copper 224.5 3.9 (1.8%) Small Cap 1,717 4.2 17.4 53 8.6
Pondy Oxides & Chem. 805.4 4.3 (0.5%) Small Cap 1,524 21.1 2.5 38 3.8
Nile 1,529.6 29.6 (2%) Small Cap 838 120.3 3.8 12.5 1.7
Bhagyanagar India 76.2 1.2 (1.7%) Small Cap 726 0.2 1.3 426.5 1.4
Bharat Wire Ropes 192.7 8.8 (4.8%) Small Cap 622 10.8 15.5 17.1 1.8
Shivalik Bimetal 464.4 14.8 (3.3%) Small Cap 449 13.6 17.2 33 6.9
Bonlon Industries 34.4 0.4 (1.1%) Small Cap 431 2.2 0.5 15.7 0.6
Siyaram Recycl.Inds 134.6 -2.4 (-1.7%) Small Cap 413 3 1.7 45.1 3
Shows rows:

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales94.4396.02102.16105.36115.35110.9988.4397.17120.80128.50
Operating Expenses 79.6883.4891.11106.45109.95101.0182.6390.4498.32108.31
Manufacturing Costs16.2316.1618.1011.1111.9512.309.8811.5512.1612.01
Material Costs27.5927.2530.2735.2835.4333.3028.4532.5337.7836.73
Employee Cost 20.1022.4123.0925.9126.9627.8122.5022.1524.1525.46
Other Costs 15.7617.6619.6534.1635.6127.6021.8024.2224.2334.10
Operating Profit 14.7512.5411.05-1.095.399.985.816.7322.4820.20
Operating Profit Margin (%) 15.6%13.1%10.8%-1.0%4.7%9.0%6.6%6.9%18.6%15.7%
Other Income 1.221.514.463.313.347.052.433.862.804.79
Interest 8.628.017.327.978.8111.7315.7912.5914.9712.58
Depreciation 5.995.946.335.365.058.649.138.539.7912.92
Exceptional Items -0.66019.90214.5800010.456.011.98
Profit Before Tax 0.700.1121.77203.47-5.13-3.34-16.68-0.086.531.47
Tax 0000000000
Profit After Tax 0.700.1121.77203.47-5.13-3.34-16.68-0.086.531.47
PAT Margin (%) 0.7%0.1%21.3%193.1%-4.4%-3.0%-18.9%-0.1%5.4%1.1%
Adjusted EPS (₹)0.20.05.847.6-1.2-0.8-3.90.01.50.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -145.79-146.02-124.2551.3345.9942.9826.2926.2032.5734.59
Share Capital 36.8636.8636.868.558.558.558.558.558.558.55
Reserves -182.65-182.88-161.1142.7837.4434.4317.7417.6524.0226.04
Minority Interest0000000000
Debt36.6457.6053.5466.4481.5082.258079.5685.8187.14
Long Term Debt36.6456.3452.1765.2877.8077.5273.7774.5682.1175.64
Short Term Debt01.251.371.163.704.736.2353.7011.49
Trade Payables10.4710.6211.8115.4522.1940.8539.6338.0327.8133.67
Others Liabilities 241.62226.59225.0925.3227.7232.1141.3827.2222.3120.01
Total Liabilities 142.94148.78166.19158.54177.41198.20187.29171.01168.50175.39

Fixed Assets

Gross Block155.16169.18169.23169.50201.91202.45211.28210.77243.53251.05
Accumulated Depreciation114.42119.85120.74123.67128.47134.42134.68139.97149.71162.35
Net Fixed Assets40.7349.3348.4945.8373.4468.0276.6070.8193.8288.70
CWIP 17.4810.176.216.9720.9240.9128.1229.920.211.18
Investments 0.040.020.020.020.020.020.020.020.020.02
Inventories29.4630.1827.1424.9627.4035.0833.0533.5936.7942.51
Trade Receivables35.1139.1140.2732.8230.1728.8032.5326.3625.4325.56
Cash Equivalents 1.584.2428.3532.779.128.636.471.963.564.03
Others Assets18.5515.7315.7215.1716.3416.7310.508.368.6713.40
Total Assets 142.94148.78166.19158.54177.41198.20187.29171.01168.50175.39

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 34.86-3.2514.49240.9115.6330.7620.4023.3517.8425
PBT -0.39-0.2321.77203.47-5.13-3.34-16.68-0.086.531.47
Adjustment 15.4313.62-8.07236.3812.9117.8124.9231.0430.4227.20
Changes in Working Capital 19.83-16.341.12-198.547.4416.2912.27-7.51-19.4-3.49
Tax Paid -0.02-0.30-0.33-0.390.41-0.01-0.10-0.100.29-0.18
Cash Flow From Investing Activity -12.68-7.051.10-1.60-45.54-20.26-4.52-4.32-3.01-8.63
Capex -12.86-7.37-1.52-3.56-46.66-20.67-5.05-4.54-3.10-8.75
Net Investments 0000000000
Others 0.180.322.621.961.120.410.530.220.080.12
Cash Flow From Financing Activity -22.8312.958.53-234.896.25-10.98-18.04-23.54-13.23-15.90
Net Proceeds from Shares 000-28.31000000
Net Proceeds from Borrowing -14.2319.71-4.1716.1812.53-0.28-3.750.797.55-6.47
Interest Paid -8.62-8.01-7.32-7.97-8.81-11.73-15.79-12.59-14.97-12.58
Dividend Paid 0000000000
Others 0.021.2520.02-214.792.541.031.50-11.75-5.813.15
Net Cash Flow -0.662.6624.114.42-23.66-0.48-2.16-4.521.600.47
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/AN/A0-10.54-7.5-48.17-0.3222.224.37
ROCE (%)N/AN/AN/A786.932.876.2-0.7311.418.4611.34
Asset Turnover Ratio0.770.730.710.670.770.590.460.540.710.75
PAT to CFO Conversion(x)49.8-29.550.671.18N/AN/AN/AN/A2.7317.01
Working Capital Days
Receivable Days11312812912389971271117872
Inventory Days101103938874103141125106113
Payable Days121141135141194345516436318305

Shalimar Wires Industries Ltd Stock News

Shalimar Wires Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shalimar Wires Inds on 22-Apr-2025 16:59 is ₹20.61.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Apr-2025 16:59 the market cap of Shalimar Wires Inds stood at ₹88.29.
The latest P/E ratio of Shalimar Wires Inds as of 22-Apr-2025 16:59 is 65.06.
The latest P/B ratio of Shalimar Wires Inds as of 22-Apr-2025 16:59 is 2.45.
The 52-week high of Shalimar Wires Inds is ₹38.88 and the 52-week low is ₹18.43.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shalimar Wires Inds is ₹129.6 ( Cr.) .

About Shalimar Wires Industries Ltd

Shalimar Wires Industries started with a mission in 1962 to update technology in the Paper Industry and progressively reduce dependence on imports. The first step in the realisation of that mission was the manufacture of Fourdrinier Wire Cloth, which was a pioneering success in the area of import substitution, and the development of indigenous capability.

The company also set up facilities at its unit for the manufacture / reconditioning of Dandy Rolls (an import substitute item used in paper machines for improving the quality of paper and for water marking). In the early 70's it was found that their installed capacity of wire cloth was not adequate to cater to the requirements of the Paper Industry of India and some exports to South East Asian countries. For this purpose additional looms were installed in the years 1971-73.  Meanwhile, it was felt that this unit should produce some other products for paper industry that can be sold with value offering. With this idea,Dandy Roll production started in the year 1972. From the early 1970 the paper industry started using synthetic fabrics in place of metal wire cloth.Their division sensed the change and started working for the synthetic fabrics in-house.

In the initial stage certain fabrics were produced and tried in paper mills with encouraging results in the period 1975-78. By acquiring the required technical know-how for the production of Synthetic forming fabrics in India this unit started producing single layer synthetic forming fabric. In 1987 they added Multi layer forming fabric into their production range.

Products backed by a trained team of Technical Service Personnel having wide spread practical knowledge of papermills. n house R&D wing developing designs suitable for ever changing trends of the paper industry. Shalimar Wires is an ISO 9001-2000 certified Company.

The company is a pioneer and leader in EDM Industry in India and has a well-established and reputed global network in place.

The company is a pioneer and leader in EDM Industry in India and has a well-established and reputed global network in place. Their range of EDM Wires covers almost all applications and can be used on all types of machines. The company has installed state of the art manufacturing and processing equipment to produce uniform and consistent quality, supported by vast network managed by highly professional and experienced engineers.

EDM Wire Manufacturing process includes Special Casting, Annealing,Cleaning & Spooling. Independent Testing and R&D facilities dedicated for EDM Wires ensure superior product quality. Their R&D engineers are continuously upgrading existing product range as well as developing new products for various new application areas.

Different divisions of the company:

  • Paper Mills Products ( PMP ) Division is a pioneer in India in providing products and services to the paper mills spread all across the country and abroad. Situated in the state of West Bengal in India; it has an offering that encompasses the complete gamut of Paper Industry requirements. 
  • Non Ferrous Wires ( NF ) Division of the company is a pioneer and leader in theEDM Industry in India and in addition to EDM wires it also offers a wide range of other non-ferrous wires like Copper Alloy / Phosphor Bronze Wires, Zipper Flat Wires, Tooth Brush Anchor Wires, etc.

Product range of the company includes:

  • Paper Mills Products- Synthetic Wire Cloth , Single Layer Forming Fabric, Double Layer Forming Fabric, 2.5 Layer Forming Fabric,   Three Layer Forming Fabric
  • Metallic Wire Cloth- Phosphor Bronze Wire Cloth, Stainless Steel Wire Cloth
  • Pulp Mill Wire Cloth
  • Endless Diagonal Seam Covers
  • Dryer Screen
  • Dandy Rolls
  • Accessories
  • Auto Guides
  • Cleaning System
  • Watermarks
  • Water Filters   

Non Ferrous Wires:

  • Coated EDM Wires
  • Plain EDM Wires
  • Copper Alloy Wires
  • Phosphor Bronze Wires
  • Zipper Flat Wires
  • Tooth Brush Anchor Wires
  • Nickel Silver Wires
  • Brass Wires  

Achievements/ recognition:

  • Shalimar Wires is an ISO 9001-2000 certified company.
  • They are the first in India to produce Fourdrinier Wire Cloth for the Paper Industry. 
  • First in India to produce Forming Fabrics for the Paper Industry.
  • First in India to produce Dandy Rolls and its accessories.
  • First in India to produce EDM Wires through in-house Research & Development activity.
  • First in India to have their own Patented Brand of EDM Wires covering India and other parts of the world.
  • Shalimar Wires Industries Ltd. is recognized as an 'Export House' and has been awarded for 'Export Excellence' by the Government of India.
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