Off the Wire

Shree Steel Wire Ropes posted a net profit of ₹0.62 lakh in Q2FY27, reversing a ₹29.36 lakh loss in Q2FY26. Revenue from operations surged to ₹243.51 lakh from ₹88.42 lakh in the year-ago quarter. Operating cash flow turned negative at ₹10.95 lakh for H1FY27 due to a ₹67.56 lakh rise in inventories. Total assets increased to ₹1,476.64 lakh as of September 30, 2026.

Hoa Phat Group said in an announcement dated October 29, 2026 that its revenue for the first nine months of 2026 reached VND 171,539 billion, up 54% year on year, while after-tax profit rose 104%…

With a Rs 2,800 crore revenue opportunity in steel tyre cord, can this company scale production, challenge global players and deliver higher margins?

Shree Steel Wire Ropes Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 2 Nov 2026, driven primarily by a shift in technical indicators despite persistent fundamental weaknesses. The company’s micro-cap status and challenging financial trends continue to weigh on its outlook, but recent technical signals suggest a mild bullish momentum that has prompted a reassessment of its market stance.