Steel Strips Wheels Ltd share price logo

Steel Strips Wheels Ltd (SSWL)

₹234.340.26%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 3 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 3 analysts offering long term price targets for Steel Strips Wheels Ltd. An average target of ₹328.33

Source: S&P Global Market Intelligence

Steel Strips Wheels Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹234.07
    ₹234.38
  • 52 Week's Low

    52 Week's High

    ₹190.55
    ₹299
1 Month Return+ 8.31 %
3 Month Return+ 6.5 %
1 Year Return+ 2.4 %
Previous Close₹234.95
Open₹234.26
Volume10.08L
Upper Circuit-
Lower Circuit-
Market Cap₹3,687.05Cr

Key Statistics

P/E Ratio5.46
PEG Ratio0.15
Market Cap₹3,687.05 Cr
P/B Ratio2.14
EPS12.38

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Aditya Birla Sun Life Small Cap Fund Direct Plan GrowthAditya Birla Sun Life Small Cap Fund Direct Plan Growth0.62%
Invesco India Smallcap Fund Direct GrowthInvesco India Smallcap Fund Direct Growth0.27%
Bandhan Small Cap Fund Direct GrowthBandhan Small Cap Fund Direct Growth0.2%
Motilal Oswal Nifty Microcap 250 Index Fund Direct GrowthMotilal Oswal Nifty Microcap 250 Index Fund Direct Growth0.11%
Groww Value Fund Direct GrowthGroww Value Fund Direct Growth1.42%

Company Information

Steel Strips Wheels (SSWL), part of the multi-faceted Steel Strips group, has been commercially producing automobile wheel rims since 1991 with a capacity of 1.8 million at its state-of-the-art manufacturing unit at Chandigarh. For the first time in the country, the company has introduced Cathodic Electro Deposition in its product range and its surface coating project has also been supplied, erected, and commissioned from a leading US company. Its main clients include Maruti Udyog, MUL, Mahindra and Mahindra, Bajaj, Tempo, and Honda Siel Car. It has tied up with Ring Tech Co. Ltd for 3 years and modernization and expansion programmes have been undertaken. In addition, the company has tied up with Japanese technical consultants for process and product quality control, training in wheel design, etc. Furthermore, the company plans to introduce tractor wheels in the near future. With a long and distinguished track-record of experience, SSWL is striving to achieve the ISO 9000 certification and improve the quality of its products and services.

Share Price: ₹234.34 per share as on 22 Jul, 2024 01:53 PM
Market Capitalisation: ₹3,687.05Cr as of today
Revenue: ₹1,068.67Cr as on March 2024 (Q1 24)
Net Profit: ₹515.56Cr as on March 2024 (Q1 24)
Listing date: 06 Jun, 2005
Chairperson Name: R K Garg
OrganisationSteel Strips Wheels Ltd
Headquarters
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Key events for Steel Strips Wheels Ltd

  • Steel Strips Wheels Reports Modest Growth in June 2024 - 01 Jul, 2024

    Despite varied performance across different segments of the automotive industry, Steel Strips Wheels Limited (SSWL) reported a slight increase of 0.64% YoY in net turnover for June 2024.

Insights on Steel Strips Wheels Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.11K Cr → 1.54K Cr (in ₹), with an average increase of 28.1% per quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, SSWL stock has moved up by 6.3%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 6 quarters, 43.77 Cr → 515.56 Cr (in ₹), with an average increase of 23.5% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.53% to 0.93% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Samvardhana Motherson International Ltd has given 98.0% return, outperforming this stock by 95.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 311.5% return, outperforming this stock by 231.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 60.98% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 1.74% to 1.71% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 28.80% to 28.49% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹1,068.67Cr
↓3.75%
Net Income
₹515.56Cr
↑767.80%
Net Profit Margin
48.24%
↑801.68%
2023Y/Y Change
Revenue
₹4,040.54Cr
↑13.50%
Net Income
₹193.79Cr
↓5.68%
Net Profit Margin
4.80%
↓16.81%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹2,781.36Cr
↑2.95%
Total Liabilities
₹1,646.64Cr
↓5.89%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹348.12Cr
↓14.28%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
60.98%
0.00
Foreign Institutions
0.93%
76.39
Mutual Funds
1.71%
-1.98
Retail Investors
28.49%
-1.07
Others
7.89%
-0.72

Key Indicators

Steel Strips Wheels Ltd Valuation

Steel Strips Wheels Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.72x)

June 4, 2024

Today (5.46x)

July 19, 2024

Industry (64.33x)

July 19, 2024

Highest (34.58x)

January 5, 2023

LowHigh

Earnings and Dividends

  • Steel Strips Wheels Ltd Earnings Results

    Steel Strips Wheels Ltd’s net profit jumped 990.21% since last year same period to ₹515.56Cr in the Q4 2023-2024. On a quarterly growth basis, Steel Strips Wheels Ltd has generated 767.8% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Steel Strips Wheels Ltd Dividends May,2023

    In the quarter ending March 2023, Steel Strips Wheels Ltd has declared dividend of ₹1 - translating a dividend yield of 0.43%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Steel Strips Wheels Ltd is currently in a Bullish trading position according to technical analysis indicators.

Frequently Asked Questions

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Steel Strips Wheels Ltd (SSWL) share price today is ₹234.34

Steel Strips Wheels Ltd is listed on NSE

Steel Strips Wheels Ltd is listed on BSE

  • Today’s highest price of Steel Strips Wheels Ltd is ₹234.38.
  • Today’s lowest price of Steel Strips Wheels Ltd is ₹234.07.

PE Ratio of Steel Strips Wheels Ltd is 5.46

PE ratio = Steel Strips Wheels Ltd Market price per share / Steel Strips Wheels Ltd Earnings per share

Today’s traded volume of Steel Strips Wheels Ltd(SSWL) is 10.08L.

Today’s market capitalisation of Steel Strips Wheels Ltd(SSWL) is ₹3687.05Cr.

Steel Strips Wheels Ltd(SSWLPrice
52 Week High
₹299
52 Week Low
₹190.55

Steel Strips Wheels Ltd(SSWL) share price is ₹234.34. It is down -21.63% from its 52 Week High price of ₹299

Steel Strips Wheels Ltd(SSWL) share price is ₹234.34. It is up 22.98% from its 52 Week Low price of ₹190.55

Steel Strips Wheels Ltd(SSWLReturns
1 Day Returns
-0.61%
1 Month Returns
8.31%
3 Month Returns
6.5%
1 Year Returns
2.4%