Steel Strips Wheels
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Steel Strips Wheels share price

Steel Strips Wheels Ltd.

NSE: SSWL BSE: 513262 SECTOR: Auto Ancillary  74k   149   11

202.90
+7.25 (3.71%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 203.6

Today's Low

₹ 192.6

52 Week High

₹ 297.65

52 Week Low

₹ 189

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 3184.1 Cr.

Enterprise Value

₹ 4201.36 Cr.

No. of Shares

15.69 Cr.

P/E

14.72

P/B

2.29

Face Value

₹ 1

Div. Yield

0.49 %

Book Value (TTM)

₹  88.62

CASH

₹ 30.92 Cr.

DEBT

₹ 1048.18 Cr.

Promoter Holding

60.98 %

EPS (TTM)

₹  13.78

Sales Growth

7.83%

ROE

18.58 %

ROCE

19.27%

Profit Growth

13.46 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year7.83%
3 Year35.55%
5 Year16.38%

Profit Growth

1 Year13.46%
3 Year64.67%
5 Year21.7%

ROE%

1 Year18.58%
3 Year21.44%
5 Year15.11%

ROCE %

1 Year19.27%
3 Year21.61%
5 Year16.26%

Debt/Equity

0.8126

Price to Cash Flow

49.02

Interest Cover Ratio

3.8114

CFO/PAT (5 Yr. Avg.)

1.57866411161701

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 60.98 0.00
Jun 2024 60.98 0.00
Mar 2024 60.98 0.00
Dec 2023 61.91 4.94
Sep 2023 62.27 4.92
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 64.6654123951729% for the Past 3 years.
  • The company has shown a good revenue growth of 35.5501685232913% for the Past 3 years.
  • Company has been maintaining healthy ROE of 21.441214748525% over the past 3 years.
  • Company has been maintaining healthy ROCE of 21.6101291810803% over the past 3 years.
  • The company has an efficient Cash Conversion Cycle of 9.6439 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.57866411161701.
  • The company has a high promoter holding of 60.98%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 1133.72 1110.3 1068.67 1025.29 1095.1
Total Expenditure 1009.29 993.61 957.59 911.33 975.1
Operating Profit 124.43 116.69 111.08 113.97 120
Other Income 2.96 1.69 7.2 3.93 3.11
Interest 26.01 25.08 28 31.13 30.38
Depreciation 22.48 22.5 22.53 24.87 25.31
Exceptional Items 0 0 0 0 0
Profit Before Tax 78.89 70.79 67.75 61.9 67.41
Tax 26.48 11.26 7.41 15.7 17.21
Profit After Tax 52.41 59.54 60.35 46.2 50.21
Adjusted EPS (Rs) 3.35 3.79 3.85 2.94 3.2

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1563.34 1749.42 3559.95 4040.54 4357.1
Total Expenditure 1392.15 1545.66 3107.17 3597.74 3891.9
Operating Profit 171.19 203.75 452.78 442.8 465.19
Other Income 22.11 16.32 13.03 12.4 16.06
Interest 88.67 83.93 85.42 83.54 102.67
Depreciation 71.94 72.31 76.87 80.44 89.95
Exceptional Items 0 0 0 0 0
Profit Before Tax 32.7 63.83 303.52 291.22 288.64
Tax 9.25 14.58 98.05 97.42 68.74
Net Profit 23.09 49.25 205.46 193.8 219.89
Adjusted EPS (Rs.) 1.5 3.16 13.16 12.38 14.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 15.59 15.61 15.61 15.65 15.69
Total Reserves 682.36 733.69 936.23 1119.07 1329.98
Borrowings 441.75 379.78 279.25 161.05 381.37
Other N/C liabilities 249.01 255.34 269.15 270.4 200.68
Current liabilities 790.4 992.32 1201.35 1215.2 1316.96
Total Liabilities 2179.11 2376.74 2701.59 2781.37 3244.68
Assets
Net Block 1306.53 1259.18 1359.62 1348.57 1456.77
Capital WIP 85.47 109.34 96.94 163.36 345.84
Intangible WIP 0 0 0 0 0
Investments 0.19 0.19 0.19 4.15 9.15
Loans & Advances 19.28 55.85 38.95 85.73 106.33
Other N/C Assets 1.34 1.33 1.31 1.29 1.28
Current Assets 766.3 950.85 1204.57 1178.25 1325.31
Total Assets 2179.11 2376.74 2701.59 2781.37 3244.68
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 32.34 63.93 300.95 291.22 288.64
Adjustment 152.34 144.46 153.66 152.14 182.86
Changes in Assets & Liabilities -71.54 -24.67 -2.29 -47.64 -344.51
Tax Paid -9.25 -14.58 -46.2 -47.6 -62.04
Operating Cash Flow 103.89 169.14 406.11 348.12 64.95
Investing Cash Flow -69.26 -37.05 -153.51 -127.94 -369.99
Financing Cash Flow -63.93 -170.59 -247.88 -234.09 291.96
Net Cash Flow -29.3 -38.51 4.71 -13.91 -13.08

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 62.27 61.91 60.98 60.98 60.98
chandigarh aircraft manag... 0.23 0.23 0.23 0.23 0.23
chandigarh developers pri... 3.64 3.63 3.63 3.63 3.63
dheeraj garg 29.65 29.57 29.57 29.57 29.57
dhg marketing private ltd... 3.20 3.19 3.19 3.19 3.19
malwa chemtex udyog ltd 2.46 2.45 2.45 2.45 2.45
munak international pvt l... 0.01 0.01 0.01 0.01 0.01
priya garg 0.51 0.51 0.51 0.51 0.51
r k garg 1.95 1.95 1.95 1.95 1.95
s j mercantile pvt. limit... 0.01 0.01 0.01 0.01 0.01
s s credits (p) ltd 0.01 0.01 0.01 0.01 0.01
sab industries limited 8.46 8.44 8.44 8.44 8.44
sab udyog limited 7.30 7.28 7.28 7.28 7.28
steel strips financiers p... 0.13 0.13 0.13 0.13 0.13
sunena garg 4.70 4.50 3.57 3.57 3.57
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 37.73 38.09 39.02 39.02 39.02
investor education and pr... 1.40 1.47 1.47 1.47 1.47
llp 0.13 0.14 0.14 0.09 0.09
sumitomo metal industries... 5.43 5.42 5.42 5.42 5.42
tata steel limited 6.94 6.93 6.93 6.93 6.93
priya tools private limit... 3.11 2.91 2.80 - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

SSWL launches new product 'Aluminum Steering Knuckle' 5 Nov, 4:00 PM Steel Strips Wheels informs about monthly sales updates 4 Nov, 1:00 PM SSWL reports 6% fall in net turnover in October 2024 4 Nov, 12:30 PM Steel Strips Wheels - Quaterly Results 29 Oct, 1:23 PM Steel Strips Wheels - Quaterly Results 29 Oct, 1:23 PM Steel Strips Wheels - Quaterly Results 29 Oct, 1:23 PM Steel Strips Wheels informs about board meeting 21 Oct, 2:35 PM SSWL reports 10% fall in net turnover in September 2024 1 Oct, 4:14 PM SSWL reports 7% fall in net turnover in August 2024 3 Sep, 12:20 PM SSWL reports marginal rise in net turnover in July 2024 1 Aug, 2:24 PM Steel Strips Wheels reports 14% fall in Q1 consolidated net profit 23 Jul, 2:43 PM Steel Strips Wheels - Quaterly Results 23 Jul, 1:32 PM Steel Strips Wheels - Quaterly Results 23 Jul, 1:32 PM Steel Strips Wheels - Quaterly Results 23 Jul, 1:32 PM Steel Strips Wheels informs about issuance of letter of confirmation 11 Jun, 10:49 AM SSWL reports 4% fall in net turnover in May 2024 3 Jun, 3:00 PM Steel Strips Wheels informs about monthly sales updates 3 Jun, 10:40 AM Steel Strips Wheels informs about company updates 24 May, 1:08 PM SSWL gets nomination for Euro 8 million business from European OEM 24 May, 12:13 PM Steel Strips Wheels - Quaterly Results 23 May, 3:05 PM Steel Strips Wheels - Quaterly Results 23 May, 3:05 PM Steel Strips Wheels - Quaterly Results 23 May, 3:05 PM Steel Strips Wheels informs about monthly sales updates 2 May, 10:49 AM Steel Strips Wheels inks alloy wheel supply agreement with leading PV OEM 16 Apr, 2:12 PM Steel Strips Wheels informs about disclosure 16 Apr, 12:16 PM SSWL reports 7.34% fall in net turnover in March 2024 1 Apr, 3:40 PM Steel Strips Wheels informs about updates 1 Apr, 12:38 PM SSWL reports marginal fall in net turnover in February 2024 1 Mar, 12:00 PM Steel Strips Wheels informs about monthly sales 1 Mar, 11:54 AM Steel Strips Wheels informs about disclosures 12 Feb, 1:09 PM SSWL achieves 10% growth in net turnover during January 1 Feb, 12:42 PM Steel Strips Wheels informs about monthly sales updates 1 Feb, 12:20 PM Steel Strips Wheels informs about newspaper publication 18 Jan, 4:56 PM Steel Strips Wheels - Quaterly Results 17 Jan, 12:24 PM Steel Strips Wheels - Quaterly Results 17 Jan, 12:24 PM Steel Strips Wheels - Quaterly Results 17 Jan, 12:24 PM SSWL reports marginal fall in net turnover in December 2023 1 Jan, 2:30 PM Steel Strips Wheels informs about monthly sales updates 1 Jan, 12:17 PM SSWL achieves 9.14% growth in net turnover during November 2023 1 Dec, 2:19 PM Steel Strips Wheels informs about monthly sales updates 1 Dec, 12:25 PM Steel Strips Wheels informs about details of loss of certificate 29 Nov, 5:16 PM SSWL achieves net turnover of Rs 395.67 crore in October 2023 1 Nov, 10:50 AM Steel Strips Wheels informs about investor presentation 27 Oct, 2:59 PM Steel Strips Wheels informs about press release 27 Oct, 2:08 PM Steel Strips Wheels - Quaterly Results 26 Oct, 1:04 PM Steel Strips Wheels - Quaterly Results 26 Oct, 1:04 PM Steel Strips Wheels - Quaterly Results 26 Oct, 1:04 PM Steel Strips Wheels submits board meeting intimation 17 Oct, 5:07 PM Steel Strips Wheels informs about certificate 12 Oct, 10:41 AM Steel Strips Wheels informs about details of loss of certificate 6 Sep, 4:29 PM

Steel Strips Wheels Stock Price Analysis and Quick Research Report. Is Steel Strips Wheels an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Steel Strips Wheels is performing and if it is the right time to buy the stock of Steel Strips Wheels with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Steel Strips Wheels has reported poor sales growth of 7.8344 % and in the latest quarter sales was Rs 1095.096 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 6.09 times for Steel Strips Wheels . It is managing its inventory poorly .
     
  • Steel Strips Wheels reported Profit growth of 13.4649 % over the year, where the latest year profit is Rs 219.8949 Cr compared to the previous year of Rs 193.8 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Steel Strips Wheels in the latest quarter is Rs 119.996 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Steel Strips Wheels has a average ROE of 18.5757 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Steel Strips Wheels has a low Debt to Equity ratio of 0.8126.
     
  • Steel Strips Wheels pays a dividend of 1 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.4929 %.
     
  • The share of promoter in Steel Strips Wheels is high at 60.98 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Steel Strips Wheels is 14.6503562462815 compared to the 5 year average PE of 17.1403098168703 .
     
  • Share Price: - The current share price of Steel Strips Wheels is Rs 201.92. One can use valuation calculators of ticker to know if Steel Strips Wheels share price is undervalued or overvalued.
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Brief about Steel Strips Wheels

Steel Strips Wheels Ltd. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

Steel Strips Wheels Ltd. is a leading manufacturer of steel wheels for the automotive industry. The company specializes in producing wheels for passenger cars, utility vehicles, tractors, and trucks. With a strong presence in both domestic and international markets, Steel Strips Wheels Ltd. has established itself as a trusted supplier to several renowned automobile manufacturers.

Steel Strips Wheels Ltd. - Share Price

The share price of Steel Strips Wheels Ltd. reflects the market valuation of the company's stock. As a long-term stock investor, it is crucial to closely monitor the share price fluctuations to make informed investment decisions. Our website provides a comprehensive analysis of Steel Strips Wheels Ltd.'s share price performance, along with historical charts and trends to assist investors in assessing the stock's potential.

Steel Strips Wheels Ltd. - Balance Sheet

The balance sheet of Steel Strips Wheels Ltd. offers insights into the company's financial position, showcasing its assets, liabilities, and equity. By examining the balance sheet, investors can assess the company's liquidity, solvency, and overall financial health. Our website offers downloadable annual reports that provide detailed balance sheet information, enabling investors to evaluate Steel Strips Wheels Ltd.'s financial stability.

Steel Strips Wheels Ltd. - Annual Report

Steel Strips Wheels Ltd.'s annual report provides a comprehensive overview of the company's performance during the fiscal year. It includes detailed financial statements, management discussions, and analysis of the company's operations, products, and market outlook. Investors can download the annual report from our website to gain deeper insights into the company's strategies and growth prospects.

Steel Strips Wheels Ltd. - Dividend

Steel Strips Wheels Ltd. rewards its shareholders through regular dividend payouts. Dividends are a crucial factor for long-term investors seeking steady income from their investments. Our website provides updates on Steel Strips Wheels Ltd.'s dividend history and payout ratios, enabling investors to evaluate the company's dividend policy and potential returns.

Steel Strips Wheels Ltd. - Quarterly Result

Monitoring Steel Strips Wheels Ltd.'s quarterly results helps investors stay informed about the company's performance on a periodic basis. Our website offers access to the company's quarterly reports, enabling investors to analyze key financial metrics, revenue trends, and profit margins. By examining these quarterly results, investors can make well-informed decisions regarding their investment in Steel Strips Wheels Ltd.

Steel Strips Wheels Ltd. - Stock Price

The stock price of Steel Strips Wheels Ltd. is a reflection of the market's perception of the company's value. By tracking the stock price, investors can gauge market sentiment and identify potential buying or selling opportunities. Our website provides real-time stock price information, along with interactive charts and technical indicators to assist investors in analyzing Steel Strips Wheels Ltd.'s stock performance.

Steel Strips Wheels Ltd. - Price Chart

Price charts offer a visual representation of Steel Strips Wheels Ltd.'s stock price movements over a specified period. Investors can use price charts to identify patterns, trends, and support/resistance levels, aiding in making informed investment decisions. Our website features interactive price charts that allow users to customize their analysis using various tools and indicators available on our pre-built screening tools.

Steel Strips Wheels Ltd. - News

Stay updated with the latest news and developments surrounding Steel Strips Wheels Ltd. Our website provides a dedicated news section that covers significant events, product launches, collaborations, and other relevant news related to the company. By regularly reviewing these updates, investors can stay ahead of the curve and make informed decisions based on the latest information.

Steel Strips Wheels Ltd. - Conference Call Transcripts

Conference call transcripts offer detailed insights into the discussions and presentations made during Steel Strips Wheels Ltd.'s investor conference calls. These transcripts provide a wealth of information, including management outlook, financial analysis, and business strategies. Our website offers downloadable conference call transcripts, ensuring that investors have access to valuable information to aid in their stock analysis.

Steel Strips Wheels Ltd. - Investor Presentations

Steel Strips Wheels Ltd. periodically publishes investor presentations that outline the company's performance, growth prospects, and strategic initiatives. These presentations offer a comprehensive overview of the company and can provide valuable insights into its operations and future plans. Our website offers downloadable investor presentations, empowering investors to access this crucial information for their stock analysis.

Steel Strips Wheels Ltd. - Promoters

The promoters of Steel Strips Wheels Ltd. play a vital role in the company's success and growth. Our website provides details about the promoters, their background, and contribution to the company. Understanding the promoters' vision and their involvement in the company's affairs can offer investors valuable insights when evaluating Steel Strips Wheels Ltd. as a potential investment opportunity.

Steel Strips Wheels Ltd. - Shareholders

Knowing the major shareholders of Steel Strips Wheels Ltd. is essential in understanding the ownership structure and potential influence on the company. Our website provides information about the major shareholders of the company, including institutional investors and individual shareholders. This information can aid investors in assessing the confidence of other market participants in Steel Strips Wheels Ltd.'s stock.

Steel Strips Wheels Ltd. - Premium Features

Our website offers premium features to assist investors in conducting in-depth stock analysis. These features include fair value calculation tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis. Utilizing these tools helps investors evaluate Steel Strips Wheels Ltd.'s intrinsic value and assess its investment attractiveness based on various financial and operational metrics.

Steel Strips Wheels Ltd. - Conclusion

In conclusion, Steel Strips Wheels Ltd. is a leading manufacturer of steel wheels for the automotive industry, catering to both domestic and international markets. Monitoring key factors such as share price, balance sheet, annual reports, dividends, quarterly results, and news can provide long-term investors with valuable insights for their stock analysis. Our website offers essential tools and resources for investors to assess the company's performance, evaluate its potential, and make informed investment decisions.

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