Good evening :)
Place Order
Add to Watchlist

Steel Strips Wheels Ltd

SSWL

Steel Strips Wheels Ltd

SSWL
Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹3,244 cr, stock is ranked 926
Moderate RiskStock is 2.38x as volatile as Nifty
206.732.82% (-6.00)
206.732.82% (-6.00)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
Loading...
1D
1W
1M
1Y
5Y
Max
SIP
Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹3,244 cr, stock is ranked 926
Moderate RiskStock is 2.38x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

Low

Undervalued compared to the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹3,244 cr, stock is ranked 926
Moderate RiskStock is 2.38x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
4.902.250.48%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.646.730.49%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Steel Strips Wheels Limited is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry.

Get more out of Tickertape, Go Pro!

Customise key metrics, see detailed forecasts, download stock data and more

Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Loading...

Financial YearFY 2022FY 2023FY 2024TTM
Total Revenue3,572.984,052.944,843.864,780.87
Raw Materialssubtract2,221.652,688.312,854.323,840.64
Power & Fuel Costsubtract82.40103.01126.01
Employee Costsubtract235.80283.72358.03
Selling & Administrative Expensessubtract280.88215.11245.45
Operating & Other expensessubtract286.44307.60309.73
Depreciation/Amortizationsubtract76.8780.44104.22115.36
Interest & Other Itemssubtract85.4283.54102.67114.60
Taxes & Other Itemssubtract98.0697.4268.7548.35
EPS13.1612.4043.0542.18
DPS0.751.001.001.00
Payout ratio0.060.080.020.02

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2017

Annual Report Unavailable

Investor Presentation

Sep 27PDF
Sep 21PDF
FY 2018

Annual Report Unavailable

FY 2019

Annual Report Unavailable

FY 2022

Annual report

PDF

Investor Presentation

May 16PDF
Mar 4PDF
FY 2023

Annual report

PDF

Investor Presentation

Sep 20PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryAuto Parts

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Steel Strips Wheels Ltd4.812.250.48%
Samvardhana Motherson International Ltd45.614.390.44%
Bosch Ltd41.588.591.07%
Schaeffler India Ltd60.5611.330.75%

Price Comparison

Compare SSWL with any stock or ETF
Compare SSWL with any stock or ETF
SSWL
Loading...

Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.98%1.85%2.94%6.55%27.67%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep5.63%6.05%6.07%5.94%6.34%6.55%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Steel Strips Wheels Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan

Growth
0.9343%0.59%-0.07%84/107 (-3)
Invesco India Smallcap Fund - Growth - Direct Plan

Growth
0.5139%0.31%0.04%85/86 (-10)
Bandhan Small Cap Fund - Growth - Direct Plan

Growth
0.3387%0.13%-0.07%91/193 (-4)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Loading...

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 23, 2024

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 23, 2024

Cash Dividend

Ex DateEx DateAug 14, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Aug 14, 2023

Cash Dividend

Ex DateEx DateSep 22, 2022

Final
Final | Div/Share: ₹3.75

Dividend/Share

3.75

Ex DateEx Date

Sep 22, 2022

Cash Dividend

Ex DateEx DateSep 22, 2021

Final
Final | Div/Share: ₹2.00

Dividend/Share

2.00

Ex DateEx Date

Sep 22, 2021

Cash Dividend

Ex DateEx DateSep 20, 2019

Final
Final | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Sep 20, 2019

News & Opinions
Live Market Update
Sensex plunges 1,312 pts; realty shares tumble

The headline equity indices continued to trade with steep losses in mid-morning trade. The Nifty tanked below the crucial 23,900 level. Realty shares declined after advancing in the previous trading session. At 11:26 IST, the barometer index, the S&P BSE Sensex slumped 1,312.19 points or 1.63% to 78,411.33. The Nifty 50 index dropped 437.50 points or 1.80% to 23,866.85. In the broader market, the S&P BSE Mid-Cap index declined 1.48% and the S&P BSE Small-Cap index fell 1.97%. The market breadth was weak. On the BSE, 1,014 shares rose and 2,885 shares fell. A total of 135 shares were unchanged. Economy: The HSBC final Manufacturing Purchasing Managers' Index rose to 57.5 in October from an eight-month low of 56.5 in September. The flash reading was 57.4. A score above 50.0 indicates expansion. Finally, manufacturers became more optimistic regarding future output volumes. The level of positive sentiment was above the average seen over the 13-and-a-half-year series history. Meanwhile, India's forex reserves declined by $3.463 billion to $684.805 billion in the week ended October 25, according to the latest data from the RBI. For the week ended October 25, foreign currency assets, a major component of the reserves, decreased by $4.484 billion to $593.751 billion. Gold reserves increased by $1.082 billion to $68.527 billion during the week, the RBI said. Buzzing Index: The Nifty Realty index fell 2.89% to 979.90. The index rose 0.96% in the past trading session. Brigade Enterprises (down 4.77%), Mahindra Lifespace Developers (down 3.96%), DLF (down 3.3%), Prestige Estates Projects (down 3.16%), Phoenix Mills (down 2.96%), Godrej Properties (down 2.94%), Oberoi Realty (down 2.28%), Raymond (down 2.18%), Sobha (down 0.72%) and Macrotech Developers (down 0.59%) declined. Stocks in Spotlight: Steel Strips Wheels (SSWL) slipped 2.56% after the company achieved net turnover of Rs 370.05 crore in October 2024, down 6.48% from Rs 395.67 crore posted in October 2023. Ashok Leyland declined 1.94% after the company has reported total vehicle sales of 15,310 units for the month of October 2024, which is lower by 9% as compared with the sales of 16,864 units sold in October 2023. Global Markets: Most Asian stocks rose on Monday as investors looked for clues on fiscal stimulus from an upcoming meeting of China's top policymakers. However, gains were limited by pre-US election risk aversion and a regional trading holiday in Japan. Chinese stocks were upbeat as the National People's Congress Standing Committee began a four-day meeting. The body is expected to outline further fiscal spending measures. In the US, the S&P 500 closed higher on Friday as a significant miss on job gains in the October payrolls report solidified expectations of a Fed rate cut next week. A rally in Amazon also lifted consumer stocks. The S&P 500 gained 0.4% to 5,728.8 points, the NASDAQ Composite rose 0.8% to 18,239.92 points, and the Dow Jones Industrial Average increased 0.7% to 42,052.19 points. The US economy added only 12,000 jobs in October, far below the expected 106,000 and a sharp decline from the revised 223,000 in September. However, these figures were impacted by recent hurricanes and ongoing labor actions. The softer-than-expected payrolls data has intensified expectations of further interest rate cuts by the Federal Reserve. All eyes are on the Federal Reserve's meeting this week, where the central bank is widely anticipated to implement a 25-basis-point interest rate cut, following a 50-basis-point reduction in September. After the market closed on Thursday, tech giants Apple and Amazon released their quarterly results. Apple's stock fell more than 1% after the company's revenue outlook for the current quarter was projected in the low- to mid-single-digit range, potentially signaling caution ahead of the holiday shopping season. In contrast, Amazon's stock surged over 6% as the e-commerce giant reported an 11% year-over-year increase in overall quarterly revenue, benefiting from once-in-a-lifetime opportunities presented by generative AI. Powered by Capital Market - Live

5 days agoCapital Market - Live
Spotlight
SSWL slips after net turnover slides 6% YoY in October

The company's gross turnover fell 5.44% to Rs 455.24 crore in October 2024 from Rs 481.41 crore recorded in October 2023. In value terms, the Passenger Car'Alloy segment jumped 16% YoY and Tractor segment fell by 1% YoY. On the other hand, 2&3 Wheeler segment gained 30% YoY, Passenger Car- Steel segment declined 20% YoY, Truck segment dropped 18% YoY and Exports segment slipped 38% YoY in October 2024. In volume terms, the Passenger Car-Alloy segment increased 10% YoY and the Tractor segment fell 9% YoY. However, the 2&3 Wheeler segment jumped 31% YoY, the Passenger Car-Steel segment fell 15% YoY, the Truck segment slumped 16% YoY and Exports dropped 41% YoY during the review period. Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas. The company's consolidated net profit fell 13.9% to Rs 40.81 crore in Q1 FY25 as against Rs 47.41crore posted in Q1 FY24. Revenue from operations decreased 1.8% YoY to Rs 1,025.29 in Q1 FY25.Powered by Capital Market - Live

5 days agoCapital Market - Live
Earnings
Steel Strips Wheels consolidated net profit declines 11.84% in the September 2024 quarter

Net profit of Steel Strips Wheels declined 11.84% to Rs 46.11 crore in the quarter ended September 2024 as against Rs 52.30 crore during the previous quarter ended September 2023. Sales declined 3.41% to Rs 1095.10 crore in the quarter ended September 2024 as against Rs 1133.72 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1095.101133.72 -3 OPM %10.8910.96 - PBDT89.47101.26 -12 PBT61.9278.78 -21 NP46.1152.30 -12 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Steel Strips Wheels appoints Company Secretary and Compliance Officer

Steel Strips Wheels has appointed Ms. Kanika supta as Company Secretary and Compliance officer of the company in place of Sh. Shaman Jindal the President cum Company Secretary & Compliance Officer of the Company.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Steel Strips Wheels to convene board meeting

Steel Strips Wheels will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
SSWL posts nearly 10% fall in net turnover in Sept'24; sales volume drops by 8% YoY

The company's gross turnover fell by 9.35% to Rs 441.45 crore in September 2024 from Rs 486.99 crore in September 2023. In volume terms, the company recorded a de-growth of 8% in September 2024 over September 2023. Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas. The company's consolidated net profit fell 13.9% to Rs 40.81 crore in Q1 FY25 as against Rs 47.41crore posted in Q1 FY24. Revenue from operations decreased 1.8% YoY to Rs 1,025.29 in Q1 FY25. The scrip shed 0.19% to currently trade at Rs 214.10 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Steel Strips Wheels AGM scheduled

Steel Strips Wheels announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live

Steel Strips Wheels consolidated net profit declines 13.92% in the June 2024 quarter

3 months agoBusiness Standard
Earnings
Steel Strips Wheels consolidated net profit declines 13.92% in the June 2024 quarter

Net profit of Steel Strips Wheels declined 13.92% to Rs 40.81 crore in the quarter ended June 2024 as against Rs 47.41 crore during the previous quarter ended June 2023. Sales declined 1.83% to Rs 1025.29 crore in the quarter ended June 2024 as against Rs 1044.40 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1025.291044.40 -2 OPM %11.0210.80 - PBDT83.2293.45 -11 PBT54.6971.02 -23 NP40.8147.41 -14 Powered by Capital Market - Live

3 months agoCapital Market - Live

Stock Alert: Reliance Industries, Cyient DLM, Zensar Tech, Suzlon Energy, Federal Bank, Gensol Engineering

3 months agoBusiness Standard