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Steel Strips Wheels Ltd share price logo

Steel Strips Wheels Ltd

(SSWL)

₹201.243.18%

as on 04:01PM, 21 Nov 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 of52.76%

High

₹330

Target

₹317.50

Low

₹305

Steel Strips Wheels Ltd target price ₹317.5, a slight upside of 52.76% compared to current price of ₹201.24. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Steel Strips Wheels Ltd Performance

  • Day's Low

    Day's High

    ₹200.44
    ₹207.7
  • 52 Week's Low

    52 Week's High

    ₹188.85
    ₹291.45
1 Month Return-2.23 %
3 Month Return-6.61 %
1 Year Return-27.24 %
Previous Close₹207.84
Open₹207.70
Volume1.07L
Upper Circuit-
Lower Circuit-
Market Cap₹3,261.62Cr

Steel Strips Wheels Ltd Key Statistics

P/E Ratio4.93
PEG Ratio0.16
Market Cap₹3,261.62 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₹3,261.62 Cr34.06%0.73₹674 Cr₹4,357 Cr
BUY₹27,176.55 Cr7.78%0.58NANA
NA₹389.82 Cr21.05%0.63NANA
NA₹134.94 Cr54.42%0.71NANA
HOLD₹6,318.76 Cr31.51%0.59₹167 Cr₹2,895 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: ₹201.24 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹3,261.62Cr 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

  • 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.

  • Steel Strips Wheels Reports Decline in Sales and Profit - 30 Oct, 2024

    Steel Strips Wheels Ltd reported a 3.41% decline in net sales to Rs 1,095.10 crore for September 2024, with net profit down 4.22% to Rs 50.21 crore. The company's EPS decreased to Rs 3.20. Shares closed at Rs 190.71, reflecting a -16.68% return over the last 6 months and -26.88% over the last 12 months.

  • Steel Strips Wheels Appoints New Company Secretary - 29 Oct, 2024

    Steel Strips Wheels Limited appointed Ms. Kanika Sapra as Company Secretary and Compliance Officer, replacing Sh. Shaman Jindal, who remains as President (Commercials). Ms. Sapra brings over six years of experience in compliance and corporate governance.

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, 1.02K Cr → 1.09K Cr (in ₹), with an average increase of 6.3% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

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

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.93% to 1.14% 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

  • 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 3 years, Cummins India Ltd has given 275.4% return, outperforming this stock by 257.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Samvardhana Motherson International Ltd has given 86.9% return, outperforming this stock by 114.1%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, SSWL stock has moved down by -27.2%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

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

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

₹52,141.15

-0.67 (-349.79%)

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

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
Details20232024
Return On Assets %6.9720.79

Steel Strips Wheels Ltd Valuation

Steel Strips Wheels Ltd in the last 5 years

  • Overview

  • Trends

Lowest (4.52x)

October 29, 2024

Today (4.93x)

November 19, 2024

Industry (50.62x)

November 19, 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 0.99%.

    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 ₹201.24

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 ₹207.7.
  • Today’s lowest price of Steel Strips Wheels Ltd is ₹200.44.

PE Ratio of Steel Strips Wheels Ltd is 4.93

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 1.07L.

Today’s market capitalisation of Steel Strips Wheels Ltd(SSWL) is ₹3261.62Cr.

Steel Strips Wheels Ltd(SSWLPrice
52 Week High
₹291.45
52 Week Low
₹188.85

Steel Strips Wheels Ltd(SSWL) share price is ₹201.24. It is down -30.95% from its 52 Week High price of ₹291.45

Steel Strips Wheels Ltd(SSWL) share price is ₹201.24. It is up 6.56% from its 52 Week Low price of ₹188.85

Steel Strips Wheels Ltd(SSWLReturns
1 Day Returns
-6.6%
1 Month Returns
-2.23%
3 Month Returns
-6.61%
1 Year Returns
-27.24%