SHALIWIR share price, P/E, ROE & financials

On 6 Nov 2026, Shalimar Wires Industries was priced at ₹18.25, or 11.1× trailing earnings, against an industry P/E of 14.0×, and the shares are 27% below their 52-week high. Sales grew 5.6% a year over 3 years while net profit fell 3.8%, with ROCE of 14% and ROE of 14%. Debt is 2.12× equity. It is a small-cap company with a market cap of ₹78 Cr, ranked 25th of 43 Paper & Paper Products companies by market cap; the shares fell 3.3% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹18.81
Day high: ₹18.82
Day low: ₹18.01
Prev. close: ₹18.91
Volume: 1.9K

Health check

3 good · 1 fair · 2 to check

ReturnsAhead
−3.3% over a year, better than 5 of 7 peers.
Price tagCheaper
P/E 11.1 vs industry 14.0.
GrowthStrong
Sales +5.6%, profit −3.8% a year over 3 years.
ProfitabilityAverage
ROCE 14.4% vs peer median 6.0%.
Balance sheetStretched
Debt 2.12× equity, interest covered 1.4×, Piotroski 9 of 9.
Red flags2 to check
Debt is 2.12× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Paper & Paper Products

42 listed peers. Screen the industry

Small cap

₹78 Cr, #25 of 43 in its industry by size.

Defensive

Beta 0.62 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹147 Cr · profit ₹7 Cr

Market cap: ₹78 Cr; Small cap
P/E: 11.1; Industry 14.0
Price to book: 1.81; Peers 1.16
Dividend yield: 0.00%
ROE: 14.5%; Peers 5.8%
ROCE: 14.4%; Peers 6.0%
Debt to equity: 2.12; Debt ₹91 Cr
EPS (TTM): ₹1.64
OPM (TTM): 22.4%; Net margin 4.8%
Sales growth: +13.9%; Latest quarter vs a year ago
Profit growth: +116.8%; Latest quarter vs a year ago
Price to sales: 0.53; EV/EBITDA 5.2

Strengths

Quarterly profit up 116.8% on a year ago.
Positive operating cash flow in each of the last 4 years.

Risks to check

Debt is 2.12× equity.
Interest coverage of only 2.2×.

Derived automatically from reported figures. Not a recommendation.

About Shalimar Wires Industries

Shalimar Wires Industries Limited manufactures and sells a range of paper machine cloth in India. It offers forming fabric products, including single-layer, multi-layer, low density double layer, and shute support binder fabrics. The company also provides woven dryer screens, such as twin plane-H dryer screens and mono dryer screens; spiral screens with round yarn for drying applications; and stuffed spiral screens for de-watering and conveyor…

Headquarters: Kolkata
Employees: 324
Sector: Basic Materials
ISIN: INE655D01025
Website: shalimarwires.com

Price range

52 weeks

₹15.00₹24.97

Today

₹18.01₹18.82

Avg volume (3M): 5.5K
1-year return: minus 3.3%
From 52-week high: minus 26.9%

Peers · Paper & Paper Products

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JKPAPERJK Paper	368.00	minus 0.90%	6,673	18.9	9.2	6.2%	10.1%	0.43	2.8%	minus 3.9%
WSTCSTPAPRWest Coast Paper Mills	738.15	minus 11.24%	4,875	21.2	9.7	5.9%	11.5%	0.08	−4.5%	plus 84.7%
SESHAPAPERSeshasayee Paper and Boards	216.45	minus 0.48%	1,365	11.0	8.5	4.4%	7.0%	–	−6.3%	minus 15.5%
ANDHRAPAPANDHRA PAPER	61.52	minus 1.96%	1,223	23.4	10.7	1.9%	4.8%	0.15	−6.7%	minus 19.1%
NRAILN R Agarwal Industries	673.00	minus 0.25%	1,145	18.4	10.8	7.7%	9.9%	1.01	6.9%	plus 43.2%
TNPLTamil Nadu Newsprint & Papers	136.26	minus 2.23%	943	3.6	4.9	6.3%	10.2%	0.70	−3.6%	minus 8.9%
PDMJEPAPERPudumjee Paper Products	87.80	minus 0.93%	834	9.2	5.4	–	14.3%	0.05	2.1%	minus 24.4%
SHALIWIRShalimar Wires Industries	18.25	minus 3.49%	78	11.1	5.4	14.4%	22.4%	2.12	5.6%	minus 3.3%
Median of 7 peers	–	−0.93%	1,223	18.4	9.2	6.0%	10.1%	0.29	−3.6%	−8.9%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
32.8	36	35	38.3	37.4
25.5	28	27.5	30.3	28
7.4	7.9	7.5	8	9.3
22.4%	22.0%	21.4%	21.0%	25.0%
0.5	0.5	0.6	0.9	0.4
3.4	3.5	3.6	3.6	3.8
3.5	3.5	3.5	1.1	3.8
–	–	–	−1.9	–
1	1.5	1	2.3	2.2
1	1.5	1	2.3	2.2
0.24	0.35	0.24	0.54	0.51

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +5.6%
Profit CAGR 3Y: −3.8%
EPS CAGR 3Y: −3.8%
ROE: 14.5%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
121	128	132	142
–	+6.3%	+2.8%	+7.8%
96	105	106	111
24.7	22.8	25.5	31.5
20.4%	17.8%	19.3%	22.2%
2.8	4.6	2.7	2.4
15	12.6	13.2	14.2
9.8	12.9	12.6	11.5
3.8	−0.5	−0.1	−2.4
6.5	1.5	2.3	5.8
6.5	1.5	2.3	5.8
–	minus 77.5%	+59.7%	+148.6%
1.53	0.34	0.55	1.36

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
8.6	8.6	8.6	8.6
24	26	28.7	34.6
91	89.6	89.3	91.5
45	51.2	71.1	75.2
168	175	198	210
96	94.4	112	110
2.3	6	33.3	0.8
0	0	0	0
2.3	2.4	0.5	0.9
67.9	72.5	51.4	97.8
168	175	198	210

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
17.8	25	46.7	29.1
−3	−8.6	−30.9	−12.4
−13.2	−15.9	−13.2	−13.8
1.6	0.5	2.6	2.9
−3.1	−8.8	−31.2	−13.1
14.7	16.2	15.5	16

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 1.4% (Yahoo estimate).

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you