What is Shri Hare-Krishna Sponge Iron Quick Ratio?
Shri Hare-Krishna Sponge IronNSE:SHKSIL 31 Quick Ratio is 3.83 as of Mar. 2026, which is 10% below its 10-year median of 4.27. 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 86.59% on this metric.
Shri Hare-Krishna Sponge Iron has a quick ratio of 3.83. It generally indicates good short-term financial strength.
The historical rank and industry rank for Shri Hare-Krishna Sponge Iron's Quick Ratio or its related term are showing as below:
NSE:SHKSIL'
s Quick Ratio Range Over the Past 10 Years
Min: 3.83 Med: 4.27 Max: 7.55
Current: 3.83
During the past 5 years, Shri Hare-Krishna Sponge Iron's highest Quick Ratio was 7.55. The lowest was 3.83. And the median was 4.27.
NSE:SHKSIL's Quick Ratio is ranked better than 86.59% of 634
companies
in the Steel industry
Industry Median: 1.02
vs NSE:SHKSIL: 3.83
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Shri Hare-Krishna Sponge Iron Quick Ratio Related Terms
Shri Hare-Krishna Sponge Iron Quick 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: Quick Ratio Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron's Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron's Quick Ratio falls into.
Shri Hare-Krishna Sponge Iron Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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 Quick Ratio of 3.83 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Shri Hare-Krishna Sponge Iron and its competitors. This is 10% below median its historical median of 4.27. Over the past decade, Shri Hare-Krishna Sponge Iron's Quick Ratio has ranged from 3.83 to 7.55. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #85 out of 634 companies in the Steel industry, placing it in the top 13.4%.
Is Shri Hare-Krishna Sponge Iron's Quick Ratio too high?
Shri Hare-Krishna Sponge Iron's current Quick Ratio of 3.83 is 10% below median its 10-year median of 4.27. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 7.55. The Steel industry median Quick Ratio is 1.02. Shri Hare-Krishna Sponge Iron's value of 3.83 is 275.5% above this industry median. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #85 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 Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #85 out of 634 companies for Quick Ratio. This places Shri Hare-Krishna Sponge Iron in the top 13% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.02. Shri Hare-Krishna Sponge Iron's value of 3.83 is 275.5% above this benchmark. Historically, Shri Hare-Krishna Sponge Iron's own Quick Ratio has ranged from 3.83 to 7.55 over the past decade. While the company's 10-year median is 4.27 vs. the industry median of 1.02, 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 Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick 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 Quick Ratio of 3.83 is 275.5% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Shri Hare-Krishna Sponge Iron and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Hare-Krishna Sponge Iron's current Quick Ratio is 3.83, which is 10% below median its own 10-year median of 4.27. 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 Quick Ratio of 3.83. The current Quick Ratio is 3.83, which is 10% below median its 10-year median of 4.27 and 275.5% above the Steel industry median of 1.02. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current Quick Ratio is 3.83 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.
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