What is Shri Hare-Krishna Sponge Iron Current Ratio?
Shri Hare-Krishna Sponge IronNSE:SHKSIL 31 Current Ratio is 5.04 as of Mar. 2026, which is 5% below its 10-year median of 5.30. GuruFocus rates NSE:SHKSIL with a GF Score™ of 31/100. The stock has 7 warning signs investors should review. Among 634 Steel companies, Shri Hare-Krishna Sponge Iron ranks better than 88.01% on this metric.
Shri Hare-Krishna Sponge Iron has a current ratio of 5.04. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Shri Hare-Krishna Sponge Iron's Current Ratio or its related term are showing as below:
NSE:SHKSIL'
s Current Ratio Range Over the Past 10 Years
Min: 4.96 Med: 5.3 Max: 9.92
Current: 5.04
During the past 5 years, Shri Hare-Krishna Sponge Iron's highest Current Ratio was 9.92. The lowest was 4.96. And the median was 5.30.
NSE:SHKSIL's Current Ratio is ranked better than 88.01% of 634
companies
in the Steel industry
Industry Median: 1.63
vs NSE:SHKSIL: 5.04
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Shri Hare-Krishna Sponge Iron Current Ratio Related Terms
Shri Hare-Krishna Sponge Iron Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:SHKSIL vs NUE, STLD, RS: Current Ratio Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Shri Hare-Krishna Sponge Iron Current Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's Current Ratio distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a Current Ratio of 5.04 as of Mar. 2026. This is near median its historical median of 5.30. Over the past decade, Shri Hare-Krishna Sponge Iron's Current Ratio has ranged from 4.96 to 9.92. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #76 out of 634 companies in the Steel industry, placing it in the top 12%.
Is Shri Hare-Krishna Sponge Iron's Current Ratio too high?
Shri Hare-Krishna Sponge Iron's current Current Ratio of 5.04 is near median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 4.96 to a high of 9.92. The Steel industry median Current Ratio is 1.63. Shri Hare-Krishna Sponge Iron's value of 5.04 is 209.2% above this industry median. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #76 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's Current Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #76 out of 634 companies for Current Ratio. This places Shri Hare-Krishna Sponge Iron in the top 12% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.63. Shri Hare-Krishna Sponge Iron's value of 5.04 is 209.2% above this benchmark. Historically, Shri Hare-Krishna Sponge Iron's own Current Ratio has ranged from 4.96 to 9.92 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 1.63, Shri Hare-Krishna Sponge Iron has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Steel company?
The median Current Ratio among Steel companies is 1.63, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shri Hare-Krishna Sponge Iron's current Current Ratio of 5.04 is 209.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median Current Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Hare-Krishna Sponge Iron's current Current Ratio is 5.04, which is near median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current Current Ratio of 5.04. The current Current Ratio is 5.04, which is near median its 10-year median of 5.30 and 209.2% above the Steel industry median of 1.63. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 31/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current Current Ratio is 5.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Shri Hare-Krishna Sponge Iron Business Description
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
31GF Score
Get the complete analysis for NSE:SHKSIL
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:SHKSIL has been successfully added to your 