We wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. May 28, 2025, has inter alia: 1. Approved Audited Financial Results for the quarter ....
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The Board of Directors of Shree Steel Wire Ropes Ltd approved the audited financial results for the quarter and year ended March 31, 2025. Full-year revenue from operations grew about 13.7% to Rs. 1,131.86 lakhs from Rs. 995.74 lakhs in the previous year. However, the company reported a net loss of Rs. 25.38 lakhs for FY25 compared to a loss of Rs. 15.28 lakhs in FY24, with loss per share at Rs. 0.77 versus Rs. 0.45. Operating cash flow remained negative at Rs. (88.30) lakhs versus Rs. (12.13) lakhs last year. Notably, trade receivables surged sharply from Rs. 138.40 lakhs to Rs. 752.67 lakhs. The statutory auditor (Chandak Agarwal & Co) issued an unmodified opinion. The Board also appointed CS Rushabh Doshi as Secretarial Auditor for five years and re-appointed Praveen Chandak & Associates as Internal Auditor for FY26.
Negative for shareholders — the company continues to post losses that widened year-on-year, with weak cash generation and a steep jump in receivables signalling potential collection delays. Small-cap, low-liquidity stock; expect continued pressure on price despite top-line growth.