Shree Steel Wire Ropes Ltd (513488)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Shree Steel's revenue was ₹2.4 Cr (+123.0% year on year, +35.1% on the previous quarter), and net profit ₹0.2 Cr (against a loss a year earlier); the operating margin was 10.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹2.4 | +123.0% | +35.1% |
| Operating profit | ₹0.3 | from loss | from loss |
| Net profit | ₹0.2 | from loss | +468.0% |
| EPS (₹) | 0.69 | from loss | +475.0% |
| Operating margin | 10.5% | — | — |
📢 Recent Corporate Announcements
Shree Steel Wire Ropes Ltd has issued notice for its Annual General Meeting (AGM) along with an intimation of register closure. Key ordinary and special businesses to be considered include the adoption of audited financial statements, reappointment of Statutory Auditors for a 5-year term, and appointment of Mr. Anil B. Sajnani as Managing Director for 5 years. Additionally, the company is seeking shareholder approval for related-party transactions with Bholanath Developers Private Limited up to a maximum aggregate limit of ₹1 crore for FY 2024-25.
- Shareholder approval sought for Related Party Transactions with Bholanath Developers Pvt Ltd up to ₹1 Crore in FY 2024-25
- Appointment of Mr. Anil B. Sajnani as Managing Director for a 5-year tenure
- Re-appointment of Chandak Agarwal & Co. as Statutory Auditors for a term of 5 financial years
- Appointment of Secretarial Auditor for a 5 consecutive year term
Shree Steel Wire Ropes Ltd has issued its FY 2025-26 Annual Report and notice for its 34th Annual General Meeting scheduled on September 18, 2026. Key agenda items include shareholder approval for related-party transactions with Bholenath Developers Private Limited up to Rs. 1 Crore for FY 2026-27. The company is also seeking approval to appoint Mr. Anil L. Sajnani as Managing Director for a 5-year tenure effective July 14, 2026. Additional ordinary business includes the reappointment of statutory auditor Chandak Agarwal & Co for a 3-year term and secretarial auditor Rushabh Doshi for 5 years.
- 34th AGM to be held on Friday, September 18, 2026 at Khopoli, Maharashtra
- Approval sought for related-party transactions with Bholenath Developers Pvt Ltd up to Rs. 1 Crore for FY27
- Appointment of Mr. Anil L. Sajnani as Managing Director for a 5-year term (July 14, 2026 to July 13, 2031)
- Re-appointment of Statutory Auditors Chandak Agarwal & Co for 3 years up to the 36th AGM in 2028
Shree Steel Wire Ropes Limited has issued the notice for its 34th Annual General Meeting (AGM) scheduled for September 18, 2026. Key agenda items include the appointment of Mr. Anil L. Sajnani as Managing Director for a 5-year tenure effective July 14, 2026, to July 13, 2031. The company is also seeking shareholder approval for related party transactions with Bholenath Developers Private Limited up to a maximum limit of ₹1 Crore for FY 2026-27. In addition, the re-appointment of statutory auditors Chandak Agarwal & Co for a 3-year term is placed for voting.
- 34th Annual General Meeting scheduled for Friday, September 18, 2026, at Khopoli, Maharashtra.
- Shareholder approval sought for Related Party Transactions with Bholenath Developers Private Limited up to ₹1 Crore for FY 2026-27.
- Proposed appointment of Mr. Anil L. Sajnani as Managing Director for a 5-year period from July 14, 2026 to July 13, 2031.
- Re-appointment of Statutory Auditors Chandak Agarwal & Co for a 3-year term until the 36th AGM in 2028.
Shree Steel Wire Ropes Ltd has announced a significant leadership overhaul effective July 2026. Mr. Anil Sajnani has been appointed as the new Managing Director starting July 14, 2026. This follows the simultaneous resignations of the previous MD (Mr. Ashish Sajnani), the Whole Time Director (Mr. Ramnarayan Tiwari), and the Chief Financial Officer (Mr. Niranjan Choudhary). Such a broad transition in the top executive tier within a single month is a material event for a company of this size.
- Appointment of Mr. Anil Sajnani as Managing Director effective July 14, 2026
- Resignation of Mr. Ramnarayan Tiwari (WTD) effective July 13, 2026, due to health and age
- Resignation of Mr. Ashish Sajnani (MD) effective July 14, 2026, for personal reasons
- Resignation of Mr. Niranjan Choudhary (CFO) effective July 31, 2026
- The company must now find a successor for the CFO position by the end of July 2026
Shree Steel Wire Ropes reported a revenue of ₹180.43 Lakhs for Q1 FY27, a 57.8% increase from ₹114.31 Lakhs in Q1 FY26. The company achieved a marginal turnaround with a Profit After Tax (PAT) of ₹2.28 Lakhs, compared to a loss of ₹16.46 Lakhs in the same quarter last year. Sequentially, revenue declined by 27.2% from ₹248.00 Lakhs in the March 2026 quarter. The company is operating at near break-even levels, with Profit Before Tax standing at a razor-thin ₹0.04 Lakhs.
- Revenue from operations grew 57.8% YoY to ₹180.43 Lakhs from ₹114.31 Lakhs.
- Turnaround to a Net Profit of ₹2.28 Lakhs from a Net Loss of ₹16.46 Lakhs in Q1 FY26.
- Total expenses were tightly managed at ₹189.10 Lakhs, representing 99.9% of total revenue.
- Basic and Diluted EPS improved to ₹0.07 compared to a negative ₹0.50 in the year-ago period.
- Other income contributed ₹8.71 Lakhs to the total revenue of ₹189.14 Lakhs.
Shree Steel Wire Ropes Ltd reported a significant financial turnaround for the quarter ended June 30, 2026. Revenue from operations surged 122.7% YoY to ₹243.70 Lakhs, while the company posted a net profit of ₹22.72 Lakhs, recovering from a loss of ₹62.06 Lakhs in the previous year's corresponding quarter. However, the company is undergoing a major leadership transition with the simultaneous resignations of the Managing Director, a Whole Time Director, and the Chief Financial Officer.
- Revenue from operations grew 122.7% YoY to ₹243.70 Lakhs from ₹109.42 Lakhs.
- Turnaround to a Net Profit of ₹22.72 Lakhs compared to a Net Loss of ₹62.06 Lakhs in Q1 FY26.
- Total expenses decreased to ₹224.60 Lakhs from ₹254.75 Lakhs YoY, indicating improved cost management.
- Resignation of MD Ashish L. Sajnani, WTD Ramnarayan Tiwari, and CFO Niranjan Choudhary announced.
- Appointment of Mr. Anil L. Sajnani as the new Managing Director effective July 14, 2026.
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
