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BSE: 532455 | NSE: | Metal - Non Ferrous | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shalimar Wires Industries Ltd is a average quality company.
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.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -3.8% | -8.3% | -6.5% | -17.5% | 219.2% | 0.8% | 3.8% | -4.5% | 1.4% | 12.3% | - |
| Value Creation Index ⓘ | NA | -1.6 | NA | -2.3 | 14.7 | -0.9 | -0.7 | -1.3 | -0.9 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 90.6 | 94.4 | 96 | 102 | 105 | 115 | 111 | 88.4 | 97.2 | 121 | 125 |
| Sales YoY Gr. | - | 4.2% | 1.7% | 6.4% | 3.1% | 9.5% | -3.8% | -20.3% | 9.9% | 24.3% | - |
| Adj EPS ⓘ | -0.4 | 0.3 | -0 | 2 | 12.5 | -1.2 | -0.7 | -3.9 | -1.7 | 0.9 | 1.4 |
| YoY Gr. | - | NA | -111.5% | NA | 520.4% | -109.5% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | -46.5 | -46.6 | -46.6 | -40.8 | 12 | 10.8 | 10.1 | 6.2 | 6.1 | 7.6 | 8 |
| Adj Net Profit ⓘ | -1.6 | 1 | -0.1 | 7.6 | 53.3 | -5.1 | -3.1 | -16.6 | -7.3 | 3.8 | 6 |
| Cash Flow from Ops. ⓘ | 12.8 | 34.9 | -3.3 | 14.5 | 241 | 15.6 | 30.8 | 20.4 | 23.4 | 17.8 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 1.6 | -21.1 | 3.9 | 0.3 | 5.8 | 3 | 4.1 | 3.6 | 5.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.2% | 2.8% | 2.9% | 24.3% | ||||
| Adj EPS ⓘ | NA | -41% | NA | NA | ||||
| BVPSⓘ | NA | -8.7% | -8.8% | 24.3% | ||||
| Share Price | 20.3% | 11.6% | 79.7% | 88.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.1 | -0.7 | 0.1 | -5.6 | -146.3 | -10.5 | -7 | -47.9 | -27.9 | 12.9 | 17.3 |
| Op. Profit Mgn % ⓘ | 10.7 | 15.7 | 13.1 | 10.8 | -1 | 4.7 | 9.3 | 6.7 | 7 | 18.6 | 19.9 |
| Net Profit Mgn % ⓘ | -1.7 | 1 | -0.1 | 7.4 | 50.6 | -4.4 | -2.8 | -18.8 | -7.5 | 3.1 | 4.6 |
| Debt to Equity ⓘ | -0.5 | -0.4 | -0.5 | -0.5 | 1.4 | 2 | 2.1 | 3.2 | 3.2 | 2.8 | - |
| Working Cap Days ⓘ | 268 | 275 | 290 | 273 | 264 | 208 | 254 | 323 | 271 | 210 | 102 |
| Cash Conv. Cycle ⓘ | 175 | 167 | 180 | 171 | 150 | 82 | 70 | 66 | 56 | 49 | 31 |
Return on Equity has increased versus last 3 years average to 17.30%
Debt to equity has declined versus last 3 years average to 2.79
Sales growth has been subdued in last 3 years 2.86%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 8.91%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.4 | - |
| TTM Sales (₹ Cr.) | 125 | - |
| BVPS (₹.) ⓘ | 8 | - |
| Reserves (₹ Cr.) ⓘ | 26 | - |
| P/BV ⓘ | 2.89 | - |
| PE ⓘ | 17.14 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 11.27 / 30.30 |
| All Time Low / High (₹) | 1.01 / 42.80 |
| Market Cap (₹ Cr.) | 98.8 |
| Equity (₹ Cr.) | 8.6 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 15.3 |
| Pledged * | 54.24 | 54.24 | 54.24 | 54.24 | 54.24 | 54.24 | 54.24 | 54.24 | 54.24 | 45.08 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 90.63 | 94.43 | 96.02 | 102.16 | 105.36 | 115.35 | 110.99 | 88.43 | 97.17 | 120.80 |
| Operating Expenses ⓘ | 81.08 | 79.68 | 83.48 | 91.11 | 106.45 | 109.95 | 101.01 | 82.63 | 90.44 | 98.32 |
| Manufacturing Costs | 15.57 | 16.23 | 16.16 | 18.10 | 11.11 | 11.95 | 12.30 | 9.88 | 11.55 | 12.16 |
| Material Costs | 31.30 | 27.59 | 27.25 | 30.27 | 35.28 | 35.43 | 33.30 | 28.45 | 32.53 | 37.78 |
| Employee Cost | 18.29 | 20.10 | 22.41 | 23.09 | 25.91 | 26.96 | 27.81 | 22.50 | 22.15 | 24.15 |
| Other Costs ⓘ | 15.92 | 15.76 | 17.66 | 19.65 | 34.16 | 35.61 | 27.60 | 21.80 | 24.22 | 24.23 |
| Operating Profit ⓘ | 9.55 | 14.75 | 12.54 | 11.05 | -1.09 | 5.39 | 9.98 | 5.81 | 6.73 | 22.48 |
| Operating Profit Margin (%) | 10.5% | 15.6% | 13.1% | 10.8% | -1.0% | 4.7% | 9.0% | 6.6% | 6.9% | 18.6% |
| Other Income ⓘ | 1.72 | 1.22 | 1.51 | 4.46 | 3.31 | 3.34 | 7.05 | 2.43 | 3.86 | 2.80 |
| Interest ⓘ | 6.87 | 8.62 | 8.01 | 7.32 | 7.97 | 8.81 | 11.73 | 15.79 | 12.59 | 14.97 |
| Depreciation ⓘ | 6.68 | 5.99 | 5.94 | 6.33 | 5.36 | 5.05 | 8.64 | 9.13 | 8.53 | 9.79 |
| Exceptional Items ⓘ | 4.65 | -0.66 | 0 | 19.90 | 214.58 | 0 | 0 | 0 | 10.45 | 6.01 |
| Profit Before Tax ⓘ | 2.37 | 0.70 | 0.11 | 21.77 | 203.47 | -5.13 | -3.34 | -16.68 | -0.08 | 6.53 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 2.37 | 0.70 | 0.11 | 21.77 | 203.47 | -5.13 | -3.34 | -16.68 | -0.08 | 6.53 |
| PAT Margin (%) | 2.6% | 0.7% | 0.1% | 21.3% | 193.1% | -4.4% | -3.0% | -18.9% | -0.1% | 5.4% |
| Adjusted EPS (₹) | 0.6 | 0.2 | 0.0 | 5.8 | 47.6 | -1.2 | -0.8 | -3.9 | 0.0 | 1.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -145.40 | -145.79 | -146.02 | -124.25 | 51.33 | 45.99 | 42.98 | 26.29 | 26.20 | 32.57 |
| Share Capital ⓘ | 36.86 | 36.86 | 36.86 | 36.86 | 8.55 | 8.55 | 8.55 | 8.55 | 8.55 | 8.55 |
| Reserves ⓘ | -182.27 | -182.65 | -182.88 | -161.11 | 42.78 | 37.44 | 34.43 | 17.74 | 17.65 | 24.02 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 50.87 | 36.64 | 57.60 | 53.54 | 66.44 | 81.50 | 82.25 | 80 | 79.56 | 85.81 |
| Long Term Debt | 50.87 | 36.64 | 56.34 | 52.17 | 65.28 | 77.80 | 77.52 | 73.77 | 74.56 | 82.11 |
| Short Term Debt | 0 | 0 | 1.25 | 1.37 | 1.16 | 3.70 | 4.73 | 6.23 | 5 | 3.70 |
| Trade Payables | 7.90 | 10.47 | 10.62 | 11.81 | 15.45 | 22.19 | 40.85 | 39.63 | 38.03 | 27.50 |
| Others Liabilities ⓘ | 214.75 | 241.62 | 226.59 | 225.09 | 25.32 | 27.72 | 32.11 | 41.38 | 27.22 | 22.62 |
| Total Liabilities ⓘ | 128.11 | 142.94 | 148.78 | 166.19 | 158.54 | 177.41 | 198.20 | 187.29 | 171.01 | 168.50 |
Fixed Assets | ||||||||||
| Gross Block | 150.92 | 155.16 | 169.18 | 169.23 | 169.50 | 201.91 | 202.45 | 211.28 | 210.77 | 243.53 |
| Accumulated Depreciation | 108.15 | 114.42 | 119.85 | 120.74 | 123.67 | 128.47 | 134.42 | 134.68 | 139.97 | 149.71 |
| Net Fixed Assetsⓘ | 42.78 | 40.73 | 49.33 | 48.49 | 45.83 | 73.44 | 68.02 | 76.60 | 70.81 | 93.82 |
| CWIP ⓘ | 9.62 | 17.48 | 10.17 | 6.21 | 6.97 | 20.92 | 40.91 | 28.12 | 29.92 | 0.21 |
| Investmentsⓘ | 0.05 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Inventories | 27.86 | 29.46 | 30.18 | 27.14 | 24.96 | 27.40 | 35.08 | 33.05 | 33.59 | 36.79 |
| Trade Receivables | 29.17 | 35.11 | 39.11 | 40.27 | 32.82 | 30.17 | 28.80 | 32.53 | 26.36 | 25.43 |
| Cash Equivalents | 2.24 | 1.58 | 4.24 | 28.35 | 32.77 | 9.12 | 8.63 | 6.47 | 1.96 | 3.56 |
| Others Assetsⓘ | 16.40 | 18.55 | 15.73 | 15.72 | 15.17 | 16.34 | 16.73 | 10.50 | 8.36 | 8.67 |
| Total Assets ⓘ | 128.11 | 142.94 | 148.78 | 166.19 | 158.54 | 177.41 | 198.20 | 187.29 | 171.01 | 168.50 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 12.75 | 34.86 | -3.25 | 14.49 | 240.91 | 15.63 | 30.76 | 20.40 | 23.35 | 17.84 |
| PBT ⓘ | 1.48 | -0.39 | -0.23 | 21.77 | 203.47 | -5.13 | -3.34 | -16.68 | -0.08 | 6.53 |
| Adjustment ⓘ | 8.84 | 15.43 | 13.62 | -8.07 | 236.38 | 12.91 | 17.81 | 24.92 | 31.04 | 30.42 |
| Changes in Working Capital ⓘ | 2.45 | 19.83 | -16.34 | 1.12 | -198.54 | 7.44 | 16.29 | 12.27 | -7.51 | -19.4 |
| Tax Paid ⓘ | -0.02 | -0.02 | -0.30 | -0.33 | -0.39 | 0.41 | -0.01 | -0.10 | -0.10 | 0.29 |
| Cash Flow From Investing Activity ⓘ | -9.03 | -12.68 | -7.05 | 1.10 | -1.60 | -45.54 | -20.26 | -4.52 | -4.32 | -3.01 |
| Capex | -9.60 | -12.86 | -7.37 | -1.52 | -3.56 | -46.66 | -20.67 | -5.05 | -4.54 | -3.10 |
| Net Investments | 0.45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.13 | 0.18 | 0.32 | 2.62 | 1.96 | 1.12 | 0.41 | 0.53 | 0.22 | 0.08 |
| Cash Flow From Financing Activityⓘ | -3.42 | -22.83 | 12.95 | 8.53 | -234.89 | 6.25 | -10.98 | -18.04 | -23.54 | -13.23 |
| Net Proceeds from Shares ⓘ | 1.19 | 0 | 0 | 0 | -28.31 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -2.40 | -14.23 | 19.71 | -4.17 | 16.18 | 12.53 | -0.28 | -3.75 | 0.79 | 7.55 |
| Interest Paid ⓘ | -6.87 | -8.62 | -8.01 | -7.32 | -7.97 | -8.81 | -11.73 | -15.79 | -12.59 | -14.97 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 4.65 | 0.02 | 1.25 | 20.02 | -214.79 | 2.54 | 1.03 | 1.50 | -11.75 | -5.81 |
| Net Cash Flow ⓘ | 0.30 | -0.66 | 2.66 | 24.11 | 4.42 | -23.66 | -0.48 | -2.16 | -4.52 | 1.60 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | 0 | -10.54 | -7.5 | -48.17 | -0.32 | 22.22 |
| ROCE (%) | N/A | N/A | N/A | N/A | 786.93 | 2.87 | 6.2 | -0.73 | 11.4 | 18.46 |
| Asset Turnover Ratio | 0.79 | 0.77 | 0.73 | 0.71 | 0.67 | 0.77 | 0.59 | 0.46 | 0.54 | 0.71 |
| PAT to CFO Conversion(x) | 5.38 | 49.8 | -29.55 | 0.67 | 1.18 | N/A | N/A | N/A | N/A | 2.73 | Working Capital Days |
| Receivable Days | 110 | 113 | 128 | 129 | 123 | 89 | 97 | 127 | 111 | 78 |
| Inventory Days | 101 | 101 | 103 | 93 | 88 | 74 | 103 | 141 | 125 | 106 |
| Payable Days | 87 | 121 | 141 | 135 | 141 | 194 | 345 | 516 | 436 | 317 |
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:
Product range of the company includes:
Non Ferrous Wires:
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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