Shree Steel Wire Ropes Ltd - Stock Valuation and Financial Performance

BSE: 513488 | NSE: | Steel & Iron Products | Small Cap

Shree Steel Wire Share Price

36.71 -3.98 -9.78%
as on 20-Dec'24 16:59

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Shree Steel Wire Ropes stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
12.2 Cr.
52-wk low:
34.2
52-wk high:
50.8

Is Shree Steel Wire Ropes Ltd an attractive stock to invest in?

1. Is Shree Steel Wire Ropes Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shree Steel Wire Ropes Ltd is a average quality company.

2. Is Shree Steel Wire Ropes Ltd undervalued or overvalued?

The key valuation ratios of Shree Steel Wire Ropes Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Shree Steel Wire Ropes Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shree Steel Wire Ropes 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 Shree Steel Wire:

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.
Shree Steel Wire Ropes 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 % 13.5%19.2%9.9%9.8%11.1%23.1%10.2%2.1%8.2%-1.1%-
Value Creation
Index
0.00.4-0.3-0.3-0.20.7-0.3-0.9-0.4-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9.511.59.61318.121.51415.218.11011
Sales YoY Gr.-20.6%-16.2%34.8%39.3%19.1%-35.2%9.2%19%-45%-
Adj EPS 231.62.11.45.92.60.82.4-0.5-0.1
YoY Gr.-49.3%-46.3%29.2%-33.7%326.8%-55.5%-69.1%192.6%-119%-
BVPS (₹) 22.625.627.329.330.735.538.539.44140.740.8
Adj Net
Profit
0.710.50.70.520.90.30.8-0.20
Cash Flow from Ops. 0.60.40.60.70.70.30.50.41.90.6-
Debt/CF from Ops. 00.20.10.30.20.10.20.100-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.5%-11.2%-10.6%-45%
Adj EPS -184.7%-179.9%-155.6%-119%
BVPS6.8%5.9%1.9%-0.6%
Share Price 14.3% 20.2% 14.6% 0.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.412.56.17.44.617.97.12.15.9-1.1-0.2
Op. Profit
Mgn %
7.811.16.16.16.612.610.63.27.4-0.11.8
Net Profit
Mgn %
78.65.55.32.59.16.21.84.3-1.5-0.2
Debt to
Equity
00000000000
Working Cap
Days
224205251195155123199193172275129
Cash Conv.
Cycle
514571524545979896158105

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -10.62%

Sales growth is not so good in last 4 quarters at -11.42%

Latest Financials - Shree Steel Wire Ropes Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 -
TTM Sales (₹ Cr.) 10.8 -
BVPS (₹.) 40.8 -
Reserves (₹ Cr.) 10 -
P/BV 0.90 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 34.20 / 50.80
All Time Low / High (₹) 0.55 / 55.00
Market Cap (₹ Cr.) 12.2
Equity (₹ Cr.) 3.3
Face Value (₹) 10
Industry PE 22.2

Management X-Ray of Shree Steel Wire:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shree Steel Wire

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales9.5311.499.6312.9818.0821.5313.9515.2318.129.96
Operating Expenses 8.7810.229.0412.1916.8818.8612.4714.7516.799.97
Manufacturing Costs0.530.570.510.500.691.280.920.810.840.44
Material Costs6.167.016.067.4610.7214.708.9111.0112.716.67
Employee Cost 0.881.191.201.472.012.122.012.182.492.20
Other Costs 1.211.451.272.763.450.760.640.760.750.66
Operating Profit 0.741.280.590.791.202.671.470.481.33-0.01
Operating Profit Margin (%) 7.8%11.1%6.1%6.1%6.6%12.4%10.6%3.1%7.4%-0.1%
Other Income 0.340.370.390.270.070.060.030.090.070.20
Interest 00.010.010.020.170.010.010.010.010.05
Depreciation 0.120.110.110.140.160.190.260.300.320.33
Exceptional Items 0000000000
Profit Before Tax 0.961.520.860.910.952.531.230.261.07-0.19
Tax 0.300.530.330.220.490.600.37-0.010.28-0.04
Profit After Tax 0.670.990.530.690.461.930.870.270.78-0.15
PAT Margin (%) 7.0%8.6%5.5%5.3%2.5%8.9%6.2%1.8%4.3%-1.5%
Adjusted EPS (₹)2.03.01.62.11.45.82.60.82.4-0.5
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 7.468.468.999.6810.1111.7212.701313.5213.44
Share Capital 3.303.303.303.303.303.303.303.303.303.30
Reserves 4.175.165.696.386.818.429.419.7010.2210.14
Minority Interest0000000000
Debt00.060.030.200.0300.02000
Long Term Debt00.0600.120.0300.02000
Short Term Debt000.030.08000000
Trade Payables1.371.221.611.932.491.701.441.710.780.69
Others Liabilities 0.090.470.290.221.130.930.741.151.520.91
Total Liabilities 8.9210.2110.9312.0313.7614.3514.9115.8515.8315.04

Fixed Assets

Gross Block8.358.488.498.808.8710.164.2312.2612.4512.81
Accumulated Depreciation6.927.037.157.287.197.3707.938.258.58
Net Fixed Assets1.421.441.341.521.682.804.234.334.214.22
CWIP 000000.270000.01
Investments 001.262.442.441.240.010.010.010.01
Inventories1.451.541.372.223.072.802.734.043.373.30
Trade Receivables1.482.252.571.592.483.723.703.132.131.38
Cash Equivalents 0.741.121.240.981.351.191.551.653.743.65
Others Assets3.843.863.163.282.742.342.692.692.362.47
Total Assets 8.9210.2110.9312.0313.7614.3514.9115.8515.8315.04

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 0.640.400.630.700.720.260.490.351.940.56
PBT 0.961.520.860.910.952.531.230.261.07-0.19
Adjustment -0.19-0.17-0.16-0.070.170.160.230.12-0.070.32
Changes in Working Capital 0.28-0.510.30.18-0.23-1.85-0.510.141.040.55
Tax Paid -0.41-0.44-0.36-0.32-0.17-0.58-0.46-0.16-0.10-0.11
Cash Flow From Investing Activity -0.30-0.08-0.48-1.13-0.25-0.750.16-0.57-0.76-0.49
Capex -0.07-0.13-0.01-0.32-0.32-0.39-0.20-0.40-0.20-0.36
Net Investments 00-1.25-1.210-0.370.33-0.38-1.05-0.12
Others -0.230.050.790.390.070.010.030.210.48-0.02
Cash Flow From Financing Activity -0.040.06-0.030.15-0.11-0.030.04-0.05-0.01-0.22
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.040.06-0.030.20-0.09-0.030.02-0.020-0.18
Interest Paid 0-0.01-0.01-0.01-0.01-0.01-0.010-0.01-0.04
Dividend Paid 0000000000
Others 000-0.03000.02-0.0300
Net Cash Flow 0.300.380.12-0.280.36-0.530.69-0.271.16-0.15
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.3512.486.117.364.6217.657.112.085.92-1.11
ROCE (%)13.5119.199.879.7811.0923.1310.162.118.15-1.06
Asset Turnover Ratio1.241.341.011.161.41.811.121.171.190.65
PAT to CFO Conversion(x)0.960.41.191.011.570.130.561.32.49N/A
Working Capital Days
Receivable Days65538257414482695164
Inventory Days374349495342616972122
Payable Days69678587755264523640

Shree Steel Wire Ropes Ltd Stock News

Shree Steel Wire Ropes Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shree Steel Wire on 20-Dec-2024 16:59 is ₹36.71.
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 20-Dec-2024 16:59 the market cap of Shree Steel Wire stood at ₹12.16.
The latest P/E ratio of Shree Steel Wire as of 20-Dec-2024 16:59 is 0.00.
The latest P/B ratio of Shree Steel Wire as of 20-Dec-2024 16:59 is 0.90.
The 52-week high of Shree Steel Wire is ₹50.80 and the 52-week low is ₹34.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shree Steel Wire is ₹10.80 ( Cr.) .

About Shree Steel Wire Ropes Ltd

Shree Steel Wire Ropes established in 1972 is today a BLUE CHIP Company and a leader in Steel Wire Ropes. Operating from its modern sophisticated state-of-the-art plant at Khopoli. Shree believes quality is not an incidental phenomena but the outcome of untinted cohesive team work. This is why their technocrats are always one step ahead.

The company is a dominating name in the field of Steel Wire Ropes since 1972 having its modern sophisticated plant at Khopoli near Mumbai.

The company is keeping pace with the modern latest technology. This is one of the main reason for their winning continuously Export Excellency Award from Govt. of India for the fourth consecutive year since 1992-93 till date.

The company produces wire ropes to all international standards including BS/DIN/GOST/API/FEDERAL. They have the 'Total Technology for any type of wire rope'.

Shree is also a major source of indigenous development of various import substitution items. 'SHREE' Wire ropes are approved by internationally acclaimed inspection agencies like Lloyd's, American Bureau of Shipping, Bureau Veritas, SGS India Ltd., etc., on several occasions. 'SHREE' is playing a key role and one of the major supplier to Railways, Port Trusts, ONGC, Oil India, Defense, Steel Plants, Dept. of Atomic Energy, CoalFields and other major projects.

Shree Wire Ropes are in extensive use in general Engineering, Shipping, Fishing, Mining, Oil Well Exploration, Construction, Aerial Application, Deep Sea Exploration and so on. Shree Steel Wire Ropes has recently introduced a new fully equipped modern foundry division. This area produces specially the following items:

  • Non-ferrous castings
  • Aluminium Alloys.
  • Aluminium Bronze
  • Brass

Shree Steel Wire Ropes can produce the various engineering components and parts from 50 grams to 10 kg per piece as per the customer’s drawings and specifications with International standards.

The company’s current production is over 1000 kg per day and its promised to improve the poduction atleast twice in the coming year.

Product range of the company includes:

  • Wire ropes A wire rope is made up of a number of strands laid helically about a metallic or non metallic core. Each strand consists of a number of wires also laid helically about a metallic or non metallic centre. For manufacturing rope wire the following materials are used such as Iron, Traction Steel, Plough Steel/Improved Plough Steel. Iron wire rope is largely used for low strengths, Plough and Improved Plough Steels are used for higher strengths. Ropes made of galvanized wire or wire coated with zinc by the electro deposition process are used in certain applications where additional protection against rusting is required.
  • Allied Products

Achievements/ recognition:

  • An ISO 9002 certified company
  • 'SHREE' is the winner of Export Excellency Award for 91-92, 92-93, 93-94, 94-95 & 95-96
  • 'SHREE' wire ropes are approved by internationally acclaimed inspection agencies like Lloyd's, American Bureau of Shipping, Bureau Veritas, SGS India Ltd., etc., on several occasions.
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