Steel Strips Wheels Ltd
SSWLSteel Strips Wheels Ltd
SSWLPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
LowUndervalued compared to the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
4.86 | 2.23 | 0.49% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
38.61 | 6.72 | 0.49% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Steel Strips Wheels Limited is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry.
Peers
Compare with peersSamvardhana Motherson International Ltd
Bosch Ltd
UNO Minda Ltd
Schaeffler India Ltd
Sona BLW Precision Forgings Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2022 | FY 2023 | FY 2024 | TTM | ||||
---|---|---|---|---|---|---|---|---|
Total Revenue | 3,572.98 | 4,052.94 | 4,843.86 | 4,780.87 | ||||
Raw Materials | 2,221.65 | 2,688.31 | 2,854.32 | 3,840.64 | ||||
Power & Fuel Cost | 82.40 | 103.01 | 126.01 | |||||
Employee Cost | 235.80 | 283.72 | 358.03 | |||||
Selling & Administrative Expenses | 280.88 | 215.11 | 245.45 | |||||
Operating & Other expenses | 286.44 | 307.60 | 309.73 | |||||
EBITDA | 465.81 | 455.19 | 950.32 | 940.23 | ||||
Depreciation/Amortization | 76.87 | 80.44 | 104.22 | 115.36 | ||||
PBIT | 388.94 | 374.75 | 846.10 | 824.87 | ||||
Interest & Other Items | 85.42 | 83.54 | 102.67 | 114.60 | ||||
PBT | 303.52 | 291.21 | 743.43 | 710.27 | ||||
Taxes & Other Items | 98.06 | 97.42 | 68.75 | 48.35 | ||||
Net Income | 205.46 | 193.79 | 674.68 | 661.92 | ||||
EPS | 13.16 | 12.40 | 43.05 | 42.18 | ||||
DPS | 0.75 | 1.00 | 1.00 | 1.00 | ||||
Payout ratio | 0.06 | 0.08 | 0.02 | 0.02 |
Company Updates
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
Consumer DiscretionaryAuto Parts
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Steel Strips Wheels Ltd | 4.77 | 2.23 | 0.49% |
Samvardhana Motherson International Ltd | 47.95 | 4.62 | 0.42% |
Bosch Ltd | 41.84 | 8.65 | 1.06% |
UNO Minda Ltd | 62.61 | 10.47 | 0.21% |
Price Comparison
Compare SSWL with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.9878% | Percentage of the fund’s portfolio invested in the stock 0.59% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 84/109 (-2) |
Invesco India Smallcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4905% | Percentage of the fund’s portfolio invested in the stock 0.31% | Change in the portfolio weight of the stock over the last 3 months 0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 85/86 (-10) |
Bandhan Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3582% | Percentage of the fund’s portfolio invested in the stock 0.14% | Change in the portfolio weight of the stock over the last 3 months -0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 89/193 (0) |
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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
Dividend/Share
₹1.00
Ex DateEx Date
Sep 23, 2024
Cash Dividend
Ex DateEx DateAug 14, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Aug 14, 2023
Cash Dividend
Ex DateEx DateSep 22, 2022
Dividend/Share
₹3.75
Ex DateEx Date
Sep 22, 2022
Cash Dividend
Ex DateEx DateSep 22, 2021
Dividend/Share
₹2.00
Ex DateEx Date
Sep 22, 2021
Cash Dividend
Ex DateEx DateSep 20, 2019
Dividend/Share
₹4.00
Ex DateEx Date
Sep 20, 2019
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
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
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
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
Steel Strips Wheels will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live
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
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
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
Stock Alert: Reliance Industries, Cyient DLM, Zensar Tech, Suzlon Energy, Federal Bank, Gensol Engineering
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant