Share the post "Shalimar Wires Industries Ltd. Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Shalimar Wires Industries Ltd. has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
| Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
|---|---|---|---|---|---|
| Promoters | 2.81 | 2.81 | 65.64 | 65.64 | 0 |
| Public | 1.40 | 1.40 | 32.71 | 32.71 | 0 |
| DII | 0.07 | 0.07 | 1.65 | 1.65 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 |
| Government | 0.00 | 0.00 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 65.64% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. DIIs (Domestic Institutional Investors) shareholding remained unchanged at 1.65% from December 2023 to March 2024. This indicates that domestic institutions maintained their investment level in the company. During quater from December 2023 to March 2024, Goverenment ownership remained steady at 0%.This indicates that the government’s stake in the company remained consistent during this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
| Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
|---|---|---|---|---|---|
| Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 0.243 | 0.248 | 5.68 | 5.8 | + 0.12 % |
| Non Resident Indians (NRIs) | 0.003 | 0.003 | 0.07 | 0.06 | -0.01 % |
| Bodies Corporate | 1.142 | 1.140 | 26.72 | 26.67 | -0.05 % |
| Any Other (specify) | 0.010 | 0.008 | 0.24 | 0.18 | -0.06 % |
| HUF | 0.010 | 0.008 | 0.23 | 0.18 | -0.05 % |
Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital up to Rs. 2 lakhs lifts the bar with a remarkable 0.12 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.01 % variance in Non Resident Indians (NRIs)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.05 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.06 % variance in Any Other (specify)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.05 % variance in HUF’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.
25
3-Year Profit
14
5-Year Profit
6
10-Year Profit
24.5
Current Price
105
Market Cap
The financial outlook for the company under BSE code 532455 reveals a significant five-year profit of 14 percents. This marks a notable increase to 25 percents over the last three years, indicating a strong upward trend in the company's financial health during this period. However, it's important to note that recent challenges have impacted the company's performance, leading to a trailing twelve-month loss of -145 percents. This sharp decline in profitability is particularly concerning, as the company has also reported no sales across any analyzed timeframe, suggesting a highly unconventional and perhaps risky operational approach. The company's stock prices mirror this financial volatility, with the stock trading at 32 percents over the past five years but experiencing a dramatic drop to 32 percents within the last year. Over a decade, the stock price was at 17 percents, reflecting long-term concerns regarding the company's stability and future outlook. Such performance poses questions about the sustainability of the business and whether it can rebound from these recent setbacks.
The company has a market capitalization of ₹105 crore and is currently trading at a stock price of ₹24.5. Over time, the stock has fluctuated between the historical highs and lows of ₹30.3 / 17.2, reflecting the market's volatility. With a Price-to-Earnings (P/E) ratio of , the stock appears highly valued, indicating that investors are willing to pay a premium for its earnings potential. The company's book value per share stands at ₹8.09, showcasing the underlying asset value. Additionally, the dividend yield is 0.00%, suggesting that the company offers shareholders a moderate return on their investment in the form of dividends. The Return on Capital Employed (ROCE) is 9.74%, indicating the efficiency with which the company generates profit from its capital. Meanwhile, the Return on Equity (ROE) is -1.52%, highlighting the profitability relative to shareholder equity. Despite these figures, the company maintains a very low debt-to-equity ratio of 2.59, signaling minimal leverage. It also reports a net cash flow of ₹0.47 crore, reflecting the company's ability to generate cash. The Piotroski score is 5.00, a measure of the company's financial strength, while the Graham Number estimates the intrinsic value of the stock at ₹7.91. The Price-to-Book (P/B) ratio of 3.04 further suggests that the stock is trading at a premium relative to its book value, potentially reflecting positive market sentiment or expectations of future growth.
