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Steel Strips Wheels Ltd Share Price (SSWL)

₹277.950.04%

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Overview
Fundamentals
Q1 '23 Results
Technicals
News and Events

Overview of Steel Strips Wheels Ltd

Key events for Steel Strips Wheels Ltd

  • CIE Automotive and Steel Strips Wheels are Top Picks in Auto Ancillary Space - 29 Sep, 2023

    According to a recent news article, CIE Automotive and Steel Strips Wheels are the top picks in the auto ancillary space.

  • Axis Securities Reiterates Positive Stance on Steel Strips Wheels Ltd - 27 Sep, 2023

    Axis Securities has increased its target price for Steel Strips Wheels Ltd to ₹325 per share and maintained a 'buy' rating. The company's focus on plant automation and capacity expansion is expected to contribute significantly to higher returns on investment in the future.

  • Steel Strips Wheels Aims to Grow Volumes by 12-16% in FY24 - 26 Sep, 2023

    Steel Strips Wheels Ltd aims to increase volumes by 12-16% in FY24, with revenue of Rs. 45-47 billion and EPS growth of 16-20%, based on management guidance.

  • Steel Strips Wheels Ltd Closes Lower on Anti-Dumping News - 12 Sep, 2023

    Steel Strips Wheels Ltd's stock closed over 3% lower following the announcement of anti-dumping news.

  • Steel Strips Wheels Promoter Pledging Reduced - 07 Sep, 2023

    The promoters of Steel Strips Wheels Ltd now hold 62.27% of the total paid-up share capital, with a reduced pledge of 3.06% of total paid-up capital.

  • Steel Strips Wheels Ltd Records 10.44% YoY Growth in Net Turnover - 01 Sep, 2023

    Steel Strips Wheels Ltd achieved a net turnover of Rs. 389.77 Crs in August 2023, recording a growth of 10.44% YoY and gross turnover of Rs. 471.24 Crs, growing by 7.92% YoY.

  • Steel Strips Wheels Declares Dividend - 14 Aug, 2023

    Steel Strips Wheels Ltd has announced a dividend of Re 1 per equity share with a face value of Re 1.

  • Steel Strips Wheels to Trade Ex-Dividend Soon - 10 Aug, 2023

    Investors who purchase Steel Strips Wheels stock on or after August 14th will not receive the ₹1.00 per share dividend, payable on September 22nd. The company has a low payout ratio and sustainable dividends.

  • Steel Strips Wheels Ltd Shows Increasing ROCE and Capital Employed - 20 Jul, 2023

    Steel Strips Wheels Ltd has shown a considerable increase in returns generated on capital employed to 23% over the last five years. The stock has returned 82% to shareholders, indicating positive trends.

  • Steel Strips Wheels Ltd Reports Mixed Q1FY24 Results - 18 Jul, 2023

    Steel Strips Wheels Ltd reported a mixed set of numbers for Q1FY24, with revenue at Rs 1,044 Cr (up 3%/4% YoY/QoQ) and EBITDA at Rs 113 Cr (up 3%/4% YoY/QoQ). However, the PAT stood at Rs 47 Cr (down 1% YoY but flat QoQ), missing estimates due to higher interest costs and effective tax rate.

  • Steel Strips Wheels Promoters Reduce Pledged Equity Shares - 17 Jul, 2023

    The promoters of Steel Strips Wheels Limited have reduced their pledged equity shares from 8.70% to 5.78% of the total paid-up capital of the company, with additional de-pledging expected in the future.

  • Steel Strips Wheels Q1 Net Profit Falls Slightly - 12 Jul, 2023

    Steel Strips Wheels Ltd reported a 1.1% YoY decline in Q1 net profit to Rs 47.5 crore, while revenue from operations increased by 2.7%. The company also saw healthy volume growth in exports, truck, and passenger car sales, but 2&3-wheeler and Tractor segment sales were down.

  • Steel Strips Wheels Ltd Stock Rallies Over 350% in Last Three Years - 27 Jun, 2023

    Steel Strips Wheels stock has rallied over 350% in the last three years, outperforming the Sensex. ICICIDirect has assigned a 35% upside to the Steel Strips stock. In Q4 of the last fiscal year, net profit fell 3.26% and sales fell 5.34%.

  • Steel Strips Wheels Ltd shares surge on ICICI's 'BUY' rating and strong May turnover - 26 Jun, 2023

    ICICI Securities assigned a 'BUY' rating to Steel Strips Wheels (SSWL) based on powertrain agnostic product profile, healthy volume growth visibility, increasing share of exports & alloy wheel in overall sales mix, consequent rise in margins & return rations. Shares surged 9% to hit a record high of Rs 208.80 on the BSE amid heavy volumes after SSWL announced net turnover of Rs 357.27 crore in May 2023 vs Rs 325.26 crore last year, recording 9.84% YoY growth.

Analyst Rating for Steel Strips Wheels Ltd stock

based on 1 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 1 analysts offering long term price targets for Steel Strips Wheels Ltd. An average target of ₹349

Source: S&P Global Market Intelligence

Steel Strips Wheels Ltd share Performance

  • ₹277
    ₹285.8
    ₹277.95
    downward going graph

    0.34%

    Downside

    Day's Volatility:3.17%

    Upside

    2.82%

    downward going graph
  • ₹128.25
    ₹289.5
    ₹277.95
    downward going graph

    53.86%

    Downside

    52 Weeks Volatility:58.01%

    Upside

    4.16%

    downward going graph
1 Month Return13.45 %
3 Month Return35.57 %
1 Year Return80.56 %
Previous Close₹277.85
Open₹283.80
Volume2.85L
Market Cap₹4,348.72Cr

Steel Strips Wheels Ltd 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: ₹277.95 per share as on 29 Sep, 2023 04:01 PM
Market Capitalisation: ₹4,348.72Cr as of today
Revenue: ₹1,011.62Cr as on March 2023 (Q1 23)
Net Profit: ₹47.29Cr as on March 2023 (Q1 23)
Listing date: 06 Jun, 2005
Chairperson Name: R K Garg
OrganisationSteel Strips Wheels Ltd
Headquarters
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Fundamentals of Steel Strips Wheels Ltd

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

    Price Rise
    img

    In the last 3 years, SSWL stock has moved up by 525.7%

  • imgPOSITIVE IMPACT

    Best in 3 Years
    img

    In the last 3 years, SSWL has outperformed top 5 stocks with highest market-cap in Auto, Truck & Motorcycle Parts

  • imgPOSITIVE IMPACT

    Best in 1 Year
    img

    In the last 1 year, SSWL has outperformed top 5 stocks with highest market-cap in Auto, Truck & Motorcycle Parts

  • imgNO EFFECT

    FII Holding Unchanged
    img

    Foreign Institutions holdings remained unchanged at 0.20% of holdings in Jun 2023 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged
    img

    Promoters holdings remained unchanged at 62.68% of holdings in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down
    img

    Retail Investor have decreased holdings from 30.87% to 30.46% in Jun 2023 quarter

Steel Strips Wheels Ltd share Valuation

Steel Strips Wheels Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

June 28, 2023

Today (29.32x)

September 28, 2023

Industry (46.37x)

September 28, 2023

Highest (29.82x)

September 27, 2023

LowHigh

Mutual Fund Holdings

Funds Holdings
Bandhan Emerging Businesses Fund Direct GrowthBandhan Emerging Businesses Fund Direct Growth0.48%
Bandhan Transportation and Logistics Fund Direct GrowthBandhan Transportation and Logistics Fund Direct Growth2.58%
Motilal Oswal Nifty Microcap 250 Index Fund Direct GrowthMotilal Oswal Nifty Microcap 250 Index Fund Direct Growth0.18%

Steel Strips Wheels Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
62.68%
0.00
Foreign Institutions
0.2%
2.08
Mutual Funds
0.21%
0.00
Retail Investors
30.46%
-1.32
Others
6.45%
6.67

Technicals of Steel Strips Wheels Ltd share

News & Events of Steel Strips Wheels Ltd

Frequently Asked Questions

Steel Strips Wheels Ltd (SSWL) share price today is ₹277.95

  • Today’s highest price of Steel Strips Wheels Ltd is ₹285.8.
  • Today’s lowest price of Steel Strips Wheels Ltd is ₹277.

Today’s traded volume of Steel Strips Wheels Ltd(SSWL) is 2.85L.

Today’s market capitalisation of Steel Strips Wheels Ltd(SSWL) is ₹4348.72Cr.

Steel Strips Wheels Ltd(SSWLPrice
52 Week High
₹289.5
52 Week Low
₹128.25

Steel Strips Wheels Ltd(SSWL) share price is ₹277.95. It is down -3.99% from its 52 Week High price of ₹289.5

Steel Strips Wheels Ltd(SSWL) share price is ₹277.95. It is up 116.73% from its 52 Week Low price of ₹128.25

Steel Strips Wheels Ltd(SSWLReturns
1 Day Returns
0.1%
1 Month Returns
13.45%
3 Month Returns
35.57%
1 Year Returns
80.56%