Shalimar Wires Industries Ltd.
Snapshot View

6.81 -0.09 ▼-1.3%

23 July 2021, 04:00:00 P.M.
Volume: 4,559

Overview View Details

Sector Non - Ferrous Metals Compare with Sector peers
Industry Metal - Non Ferrous Compare with Industry peers
Website http://www.shalimarwires.com
Financial Indicators
Market Cap 29.12 Cr.
Earnings per share (EPS) -3.90 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 14.67 Trailing Twelve Months Ending 2021-03
Book Value / Share 6.15 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.11 Calculated using Price: 6.81
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 4.28 Cr. 42,755,123 Shares
FaceValue 2
Company Profile

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.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.30%
1 Week
-4.35%
1 Month
-9.92%
3 Month
+63.31%
6 Month
+31.98%
1 Year
+25.65%
2 Year
-25.57%
5 Year
+77.81%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) -10.54 -7.50
Return on Capital Employed (%) 786.93 2.87 6.20
Return on Assets (%) 11.43 8.34 1.88 0.52 0.07 13.82 125.31 -3.05 -1.78

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds -160 -148 -145 -146 -146 -124 51 46 43
Non Curr. Liab. 63 62 60 46 66 61 74 86 86
Curr. Liab. 211 210 214 242 228 230 33 45 69
Minority Int.
Equity & Liab. 114 124 128 143 149 166 159 177 198
Non Curr. Assets 52 59 64 71 71 65 65 102 116
Curr. Assets 62 65 64 72 78 101 94 76 83
Misc. Exp. not W/O
Total Assets 114 124 128 143 149 166 159 177 198

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 86 93 91 94 96 102 105 115 111
Other Income 1 1 2 1 2 4 3 3 7
Total Income 88 94 92 96 98 107 109 119 118
Total Expenditure -67 -74 -81 -80 -83 -91 -106 -110 -101
PBIDT 21 19 11 16 14 16 2 9 17
Interest -3 -3 -7 -9 -8 -7 -8 -9 -12
Depreciation -5 -7 -7 -6 -6 -6 -5 -5 -9
Taxation 1
Exceptional Items 5 -1 20 215
PAT 13 10 2 1 0 22 203 -5 -3

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 17 14 13 35 -3 14 241 16 31
Cash Fr. Inv. -6 -15 -9 -13 -7 1 -2 -46 -20
Cash Fr. Finan. -16 -1 -3 -23 13 9 -235 6 -11
Net Change -5 -2 0 -1 3 24 4 -24 0
Cash & Cash Eqvt 3 2 2 2 4 28 33 9 9

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 65.64 65.64 65.64 65.64 65.64 65.64 65.64 65.64 65.64
Public 34.36 34.36 34.36 34.36 34.36 34.36 34.36 34.36 34.36
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 100.00 54.24 54.24 54.24 54.24 54.24 54.24 54.24 54.24

Announcements View Details

Fri, 16 Jul 2021
Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompaySHALIMAR WIRES INDUSTRIES LTD.
2CINL74140WB1996PLC081521
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 73.76
4Highest Credit Rating during the previous FY B+
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD.
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Mr S K Kejriwal
Designation: Company Secretary
EmailId: kejriwal@shalimarwires.com
Name of the Chief Financial Officer: Mr SJ Sengupta
Designation: President CFO
EmailId: saumyo@shalimarwires.com

Date: 16/07/2021

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Fri, 16 Jul 2021
Compliance Under Regulation 23(9) Of SEBI (LODR) Regulations 2015
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith statement of the Related Party Transactions in the format specified in the accounting standards for the half year ended 31st March 2021.
Mon, 12 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Suresh Kejriwal
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
ATR Decreasing for 3 Days ATR Decreasing for 3 Days
Stochastic %K Crossing %D from Below Stochastic %K Crossing %D from Below
PSAR Indicating Bullish Reversal PSAR Indicating Bullish Reversal

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