News: In this article, we’ll delve into the Q3 results of Shivam Autotech, a company in the auto ancillaries sector. We’ll cover essential details such as the date and time of the results announcement, the share price, and what investors can expect in terms of target performance.
Shivam Autotech: A Brief Overview
Shivam Autotech operates in the auto and truck parts industry. Let’s take a quick look at some key facts about the company:
- Share Price: As of the latest update on February 9, 2024, Shivam Autotech’s share price stands at ₹45.85.
- Quarterly Results: The company is set to announce its Q3 results in a board meeting scheduled for February 14, 2024. Investors and stakeholders should keep an eye on this date¹².
- Financial Challenges: Shivam Autotech has faced some challenges recently. It reported a loss of ₹15.17 crore for the fourth consecutive quarter¹.
- Cash Reserves: On the positive side, the company has sufficient cash reserves to cover its contingent liabilities¹.
- Employee and Interest Expenses: In the financial year ending March 31, 2023, Shivam Autotech allocated 10.61% of its operating revenues toward interest expenses and 11.98% toward employee costs.
Share Price Insights
- The stock price has recently moved up by 1.78%, closing at ₹45.85.
- Key metrics include a PE ratio of -11.17, EPS (trailing twelve months) of ₹-4.10, and a market capitalization of ₹560.39 crore.
- The company’s beta indicates its sensitivity to market movements. Over the past year, it has shown a beta of 2.07.
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What to Watch For
Investors should closely monitor the following:
About Shivam Autotech Limited Company
Shivam Autotech Limited is a prominent player in the Indian auto ancillaries sector, specializing in the manufacturing of transmission gears and shafts. Let’s explore some key details about this company:
Company Overview
- Founding: Shivam Autotech has been a vital component partner for automobile manufacturers over the past 24 years.
- Headquarters: The company is headquartered in Gurugram, Haryana.
- Employee Strength: With a workforce of 3000+ people, Shivam Autotech demonstrates its commitment to growth and adaptability in the ever-evolving auto component industry.
- Global Reach: Beyond the national market, the company caters to international auto component markets, delivering value for money to its customers.
Product Range
Shivam Autotech manufactures a diverse range of auto components and accessories, including:
These components are produced using various forging techniques, such as cold, warm, and hot forging, with a focus on achieving near-net shape technology.
Infrastructure
The company’s infrastructure spans across four strategic locations in India:
Unique Selling Proposition (USP)
Shivam Autotech stands out for several reasons:
Leadership
- Mr. Neeraj Munjal, with 25 years of rich experience in the auto-component sector, has been instrumental in shaping Shivam Autotech. His vision and operational expertise have contributed significantly to the company’s growth.
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