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Steel Strips Wheels Ltd share price logo

Steel Strips Wheels Ltd

(SSWL)

₹212.59▲0.41%

as on 04:01PM, 21 Oct 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 ₹321.5

Source: S&P Global Market Intelligence

Steel Strips Wheels Ltd Share analysis

Steel Strips Wheels Ltd price forecast by 2 analysts

Upside of50.61%

High

₹330

Target

₹321.50

Low

₹313

Steel Strips Wheels Ltd target price ₹321.5, a slight upside of 50.61% compared to current price of ₹212.59. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Steel Strips Wheels Ltd Performance

  • Day's Low

    Day's High

    ₹209.66
    ₹214.2
  • 52 Week's Low

    52 Week's High

    ₹190.55
    ₹297.9
1 Month Return+ 1.66 %
3 Month Return-9.04 %
1 Year Return-20.91 %
Previous Close₹213.46
Open₹213.00
Volume93.42K
Upper Circuit-
Lower Circuit-
Market Cap₹3,349.81Cr

Steel Strips Wheels Ltd Key Statistics

P/E Ratio5.01
PEG Ratio0.15
Market Cap₹3,349.81 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₹3,349.81 Cr35.29%0.73₹674 Cr₹4,357 Cr
NA₹48.12 Cr-5.75%0.75NANA
NA₹1,503.58 Cr67.45%0.54₹43 Cr₹477 Cr
NA₹183.19 Cr13%0.59NANA
NA₹415.24 Cr94.68%0.57₹26 Cr₹255 Cr

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: ₹212.59 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹3,349.81Cr as of today
Revenue: ₹1,025.29Cr as on June 2024 (Q2 24)
Net Profit: ₹40.81Cr as on June 2024 (Q2 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 Decline in Turnover and Profit - 01 Oct, 2024

    Steel Strips Wheels Ltd reported a nearly 10% fall in net turnover for September 2024, with sales volume dropping 8% YoY. The company's consolidated net profit fell 13.9% in Q1 FY25 compared to the previous year, and revenue from operations decreased by 1.8% YoY. The stock traded down 0.19% at Rs 214.10 on the BSE.

  • Steel Strips Wheels Reports Decline in Turnover - 02 Sep, 2024

    Steel Strips Wheels Ltd reported a 7% decline in net turnover for August 2024, with a significant drop in the Truck segment. Consolidated net profit fell 13.9% in Q1 FY25, reflecting challenges in various segments despite growth in Passenger Car-Alloy and Tractor segments.

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

    FII Holding Up

    img

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

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

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

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 321.1% return, outperforming this stock by 303.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Samvardhana Motherson International Ltd has given 121.1% return, outperforming this stock by 142.0%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

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

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 1.54K Cr → 1.02K Cr (in ₹), with an average decrease of 33.6% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, SSWL stock has moved down by -20.9%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 515.56 Cr → 40.81 Cr (in ₹), with an average decrease of 92.1% per quarter

Steel Strips Wheels Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹1,044.40Cr (-)₹1,133.72Cr (↑8.55%)₹1,110.30Cr (↓2.07%)₹1,068.67Cr (↓3.75%)₹1,025.29Cr (↓4.06%)
Net Income₹47.41Cr (-)₹52.30Cr (↑10.31%)₹59.41Cr (↑13.59%)₹515.56Cr (↑767.80%)₹40.81Cr (↓92.08%)
Net Profit Margin4.54% (-)4.61% (↑1.54%)5.35% (↑16.05%)48.24% (↑801.68%)3.98% (↓91.75%)
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

₹55,648.96

-1.51 (â–²-851.09%)

S&P BSE AllCap

₹10,734.78

-0.78 (â–²-84.78%)

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

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

Steel Strips Wheels Ltd Valuation

Steel Strips Wheels Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.72x)

June 4, 2024

Today (5.01x)

October 18, 2024

Industry (55.41x)

October 18, 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 -13.92% since last year same period to ₹40.81Cr in the Q1 2024-2025. On a quarterly growth basis, Steel Strips Wheels Ltd has generated -92.08% fall 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

Bearish

Steel Strips Wheels Ltd is currently in a Bearish 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 ₹212.59

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 ₹214.2.
  • Today’s lowest price of Steel Strips Wheels Ltd is ₹209.66.

PE Ratio of Steel Strips Wheels Ltd is 5.01

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 93.42K.

Today’s market capitalisation of Steel Strips Wheels Ltd(SSWL) is ₹3349.81Cr.

Steel Strips Wheels Ltd(SSWLPrice
52 Week High
₹297.9
52 Week Low
₹190.55

Steel Strips Wheels Ltd(SSWL) share price is ₹212.59. It is down -28.64% from its 52 Week High price of ₹297.9

Steel Strips Wheels Ltd(SSWL) share price is ₹212.59. It is up 11.57% from its 52 Week Low price of ₹190.55

Steel Strips Wheels Ltd(SSWLReturns
1 Day Returns
-0.87%
1 Month Returns
1.66%
3 Month Returns
-9.04%
1 Year Returns
-20.91%