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Steel Strips Wheels Ltd share price logo

Steel Strips Wheels Ltd

(SSWL)

₹209.211.35%

as on 04:01PM, 05 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Steel Strips Wheels Ltd Analyst Rating

based on 2 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 2 analysts offering long term price targets for Steel Strips Wheels Ltd. An average target of ₹317.5

Source: S&P Global Market Intelligence

Steel Strips Wheels Ltd Share analysis

Steel Strips Wheels Ltd price forecast by 2 analysts

Upside of49.71%

High

₹330

Target

₹317.50

Low

₹305

Steel Strips Wheels Ltd target price ₹317.5, a slight upside of 49.71% compared to current price of ₹209.21. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Steel Strips Wheels Ltd Performance

  • Day's Low

    Day's High

    ₹207.95
    ₹213.77
  • 52 Week's Low

    52 Week's High

    ₹188.85
    ₹289.5
1 Month Return-1.09 %
3 Month Return-6.7 %
1 Year Return-24.06 %
Previous Close₹212.07
Open₹212.80
Volume1.41L
Upper Circuit-
Lower Circuit-
Market Cap₹3,328.00Cr

Steel Strips Wheels Ltd Key Statistics

P/E Ratio5.03
PEG Ratio0.17
Market Cap₹3,328.00 Cr
P/B Ratio2.68
EPS42.99
Dividend Yield0.45
SectorAuto Ancillaries
ROE18.52

Steel Strips Wheels Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹3,328.00 Cr35.29%0.73₹674 Cr₹4,357 Cr
NA₹1,320.68 Cr57.47%0.62NANA
BUY₹24,175.82 Cr15.8%0.53₹934 Cr₹11,708 Cr
NA₹253.52 Cr46.67%0.73-₹4 Cr₹316 Cr
NA₹56.81 Cr210.24%0.84NANA

About Steel Strips Wheels Ltd

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: ₹209.21 per share as on 05 Dec, 2024 04:01 PM
Market Capitalisation: ₹3,328.00Cr as of today
Revenue: ₹1,095.10Cr as on September 2024 (Q3 24)
Net Profit: ₹46.11Cr as on September 2024 (Q3 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

  • SSWL Reports Decline in Turnover and Profit - 02 Dec, 2024

    Steel Strips Wheels Ltd reported a slight decline in net turnover for November 2024, down 0.12% YoY. While the Tractor and 2&3 Wheeler segments showed growth, the Passenger Car-Steel and Truck segments faced declines. Consolidated net profit fell 11.8% in Q2 FY25, with revenue from operations decreasing 3.4% YoY. Despite these challenges, the stock rose 0.44% to Rs 203.90 on the BSE.
  • Steel Strips Wheels Reports Decline in October Sales - 04 Nov, 2024

    Steel Strips Wheels shares fell 4% after reporting a 6.48% decline in October net turnover year-on-year. Exports decreased significantly, while domestic exports of 2 and 3 wheelers showed growth. Overall, shares have lost 24.19% in the past year.

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

    MF Holding Up

    img

    Mutual Funds have increased holdings from 1.71% to 1.85% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 40.81 Cr → 46.11 Cr (in ₹), with an average increase of 11.5% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.93% to 1.14% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.02K Cr → 1.09K Cr (in ₹), with an average increase of 6.3% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Cummins India Ltd has given 80.9% return, outperforming this stock by 104.9%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 283.5% return, outperforming this stock by 256.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 28.49% to 27.67% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, SSWL stock has moved down by -24.1%

Steel Strips Wheels Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹1,133.72Cr (-)₹1,110.30Cr (↓2.07%)₹1,068.67Cr (↓3.75%)₹1,025.29Cr (↓4.06%)₹1,095.10Cr (↑6.81%)
Net Income₹52.30Cr (-)₹59.41Cr (↑13.59%)₹515.56Cr (↑767.80%)₹40.81Cr (↓92.08%)₹46.11Cr (↑12.99%)
Net Profit Margin4.61% (-)5.35% (↑16.05%)48.24% (↑801.68%)3.98% (↓91.75%)4.21% (↑5.78%)
Value in ₹ crore
Details2021202220232024
Total Assets₹2,376.74Cr (-)₹2,701.59Cr (↑13.67%)₹2,781.36Cr (↑2.95%)₹3,244.68Cr (↑16.66%)
Total Liabilities₹1,627.44Cr (-)₹1,749.75Cr (↑7.52%)₹1,646.64Cr (↓5.89%)₹1,899.01Cr (↑15.33%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹103.89Cr (-)₹169.14Cr (↑62.81%)₹406.11Cr (↑140.10%)₹348.12Cr (↓14.28%)₹64.95Cr (↓81.34%)

Index Inclusions

BSE Small-Cap

₹56,707.78

0.16 (90.32%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Steel Strips Wheels Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
60.98%
0.00
Foreign Institutions
1.14%
22.59
Mutual Funds
1.85%
8.62
Retail Investors
27.67%
-2.88
Others
8.36%
5.87

Steel Strips Wheels Ltd Key Indicators

Details20202021202220232024
Return On Equity %3.687.3425.7519.5718.52
Details20232024
Return On Assets %6.9720.79
Details20232024
Book Value Per Share (₹)69.1386.32
Details20232024
Earning Per Share (₹)12.3842.99

Steel Strips Wheels Ltd Valuation

Steel Strips Wheels Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.52x)

October 29, 2024

Today (5.03x)

December 4, 2024

Industry (52.33x)

December 4, 2024

Highest (34.58x)

January 5, 2023

LowHigh

Steel Strips Wheels Ltd Earnings and Dividends

  • Steel Strips Wheels Ltd Earnings Results

    Steel Strips Wheels Ltd’s net profit fell -11.84% since last year same period to ₹46.11Cr in the Q2 2024-2025. On a quarterly growth basis, Steel Strips Wheels Ltd has generated 12.99% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Steel Strips Wheels Ltd Dividends May,2024

    In the quarter ending March 2024, Steel Strips Wheels Ltd has declared dividend of ₹1 - translating a dividend yield of 0.94%.

    Read More about Dividends

Steel Strips Wheels Ltd Technicals Summary

Bearish

Neutral

Bullish

Bullish

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

FAQs on Steel Strips Wheels Ltd

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Steel Strips Wheels Ltd (SSWL) share price today is ₹209.21

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 ₹213.77.
  • Today’s lowest price of Steel Strips Wheels Ltd is ₹207.95.

PE Ratio of Steel Strips Wheels Ltd is 5.03

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 1.41L.

Today’s market capitalisation of Steel Strips Wheels Ltd(SSWL) is ₹3328Cr.

Steel Strips Wheels Ltd(SSWLPrice
52 Week High
₹289.5
52 Week Low
₹188.85

Steel Strips Wheels Ltd(SSWL) share price is ₹209.21. It is down -27.73% from its 52 Week High price of ₹289.5

Steel Strips Wheels Ltd(SSWL) share price is ₹209.21. It is up 10.78% from its 52 Week Low price of ₹188.85

Steel Strips Wheels Ltd(SSWLReturns
1 Day Returns
-2.86%
1 Month Returns
-1.09%
3 Month Returns
-6.7%
1 Year Returns
-24.06%