Sh. Steel Wire's Quarterly Operating Profit Margin Falls Below Industry Average

Operating Profit Margin - Quarterly: At 0.38% is lower than industry average of 3.5%. Company's profitability is lower compared to its peers.

Despite the flat financial performance in the quarter ending Jun 2024, Sh. Steel Wire has shown improvement in its overall score, according to MarketsMOJO. The company's Profit After Tax (PAT) for the quarter was the highest in the last five quarters, at Rs 0.03 crore. This shows a positive trend in the near term for the company's profitability.

Similarly, the company's Earnings per Share (EPS) for the quarter was also the highest in the last five quarters, at Rs 0.09. This indicates that the company has been able to create higher earnings for its shareholders.

However, there are some areas that need improvement for Sh. Steel Wire. The company's Net Sales for the nine-month period have shown a decline of -31.48% Year on Year (YoY), which is a cause for concern. The near term sales trend is also negative.

Moreover, the company's Operating Profit Margin for the quarter was at 0.38%, which is lower than the industry average of 3.5%. This indicates that the company's profitability is lower compared to its peers in the industry.

Overall, while Sh. Steel Wire has shown some positive improvements in its financial performance, there are still some areas that need attention. Investors should carefully consider these factors before making any investment decisions. MarketsMOJO has given a 'Strong Sell' call for the company's stock, which investors should take into consideration.