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Shree Steel Wire Ropes Ltd Stock Analysis

Small Cap
Evaluated by 103 users | BSE: 513488 | NSE: |
Steel & Iron Products
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 5.56%4.27%5.31%15.96%9.35%12.51%6.13%7.38%5.72%17.74%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4.45.16.799.511.59.61318.125.4
Y-o-Y Gr. Rt.-14.7%31.4%35.2%6%20.6%-16.2%34.8%39.3%40.5%
Adjusted EPS (Rs.) 0.850.690.893.042.0131.612.081.385.87
Y-o-Y Gr. Rt.--18.8%29%241.6%-33.9%49.3%-46.3%29.2%-33.7%325.4%
Book Value per Share (Rs.) 15.9916.6917.5820.622.6325.6427.2529.3430.6535.53
Adjusted Net Profit 0.30.20.310.710.50.70.51.9
Net Op. Cash Flow (Rs. Cr.) 00.60.700.60.40.60.70.70.3
Debt to Cash Flow from Ops -4.520.060.06-1.8600.160.050.290.170.11
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Shree Steel Wire Ropes Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 21.5%21.7%38.2%40.5%
Adjusted EPS 24%23.9%53.9%325.4%
Book Value per Share 9.39.49.315.9
Share Price 20.3% 6.9% 10.6% 55.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 5.494.255.2415.969.3512.486.117.364.6217.8
Operating Profit Margin (%) 15.1510.618.7411.467.811.116.116.086.6410.64
Net Profit Margin (%) 6.394.524.4611.1878.645.545.292.537.64
Debt to Equity 0.010.010.010.0100.0100.020.010
Working Capital Days 194243234219224205251195155123
Cash Conversion Cycle 1031066142514571524552
Entity Percentage Holding
Promoters 29.51%
Institutions 0.01%
Non-Institutions 70.48%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Shree Steel Wire Ropes Ltd's performance infers:

Shree Steel Wire Ropes Ltd earnings have grown by 23.9%, whereas share price has appreciated 6.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Shree Steel Wire Ropes Ltd share prices over the last 10 years. Here is what we found out:

Shree Steel Wire Ropes Ltd share price has appreciated 14% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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