Steel Strips Wheels Ltd Share Price (SSWL)

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.