Steel Strips Wheels Ltd

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Steel Strips Wheels Ltd

₹ 246 -3.32%
11 Jun 1:53 p.m.
sswlindia.com BSE: 513262 NSE: SSWL
About

**Company Overview **
Steel Strips Wheels Ltd was incorporated in 1985 and started its operations in 1991. It designs, manufactures, and supplies Steel Wheel Rims and Alloy Wheels for a wide range of domestic and global automobile makers. It is Headquarter in Chandigarh. [1]

Key Points

Business Segments
The company is a leading manufacturer of automotive wheel rims for passenger vehicles, heavy commercial vehicles, tractors, OTRs, and 2W & 3W, under 2 categories: [1]

Website BSE NSE
  • Market Cap ₹ 3,866 Cr.
  • Current Price ₹ 246
  • High / Low ₹ 260 / 167
  • Stock P/E 18.4
  • Book Value ₹ 98.4
  • Dividend Yield 0.38 %
  • ROCE 16.8 %
  • ROE 14.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Dividend payout has been low at 8.18% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,063 1,016 1,081 938 1,005 1,044 1,134 1,110 1,069 1,025 1,095 1,075 1,234
952 907 964 831 896 931 1,009 994 958 911 975 956 1,099
Operating Profit 111 109 117 108 108 113 124 117 111 114 120 118 135
OPM % 10% 11% 11% 12% 11% 11% 11% 11% 10% 11% 11% 11% 11%
5 0 4 2 7 4 3 2 7 4 3 3 3
Interest 19 18 21 22 23 24 26 25 28 31 30 26 29
Depreciation 19 20 20 20 20 22 22 22 23 25 25 25 26
Profit before tax 78 71 80 68 73 71 79 71 68 62 67 70 83
Tax % 38% 32% 32% 35% 35% 33% 34% 16% 11% 25% 26% 26% 26%
49 48 55 44 47 48 52 60 60 46 50 52 62
EPS in Rs 3.13 3.08 3.49 2.80 3.02 3.04 3.35 3.79 3.85 2.94 3.20 3.30 3.93
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,056 1,148 1,177 1,330 1,518 2,041 1,563 1,749 3,560 4,041 4,357 4,429
957 1,041 1,031 1,165 1,318 1,795 1,392 1,546 3,107 3,598 3,892 3,942
Operating Profit 99 108 145 165 200 246 171 204 453 443 465 487
OPM % 9% 9% 12% 12% 13% 12% 11% 12% 13% 11% 11% 11%
19 21 19 20 13 17 22 16 13 12 16 13
Interest 41 41 43 51 64 93 89 84 85 84 103 117
Depreciation 53 38 42 48 53 62 72 72 77 80 90 101
Profit before tax 25 49 79 86 97 109 33 64 304 291 289 282
Tax % 3% 19% 23% 35% 23% 24% 28% 23% 32% 33% 24% 26%
24 39 61 56 75 82 23 49 205 194 220 210
EPS in Rs 1.60 2.58 4.01 3.58 4.83 5.29 1.51 3.16 13.16 12.38 14.01 13.38
Dividend Payout % 9% 8% 7% 8% 8% 8% 0% 6% 6% 8% 7% 9%
Compounded Sales Growth
10 Years: 14%
5 Years: 23%
3 Years: 8%
TTM: 2%
Compounded Profit Growth
10 Years: 18%
5 Years: 55%
3 Years: 1%
TTM: -4%
Stock Price CAGR
10 Years: 25%
5 Years: 48%
3 Years: 19%
1 Year: 18%
Return on Equity
10 Years: 14%
5 Years: 17%
3 Years: 17%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15 15 15 16 16 16 16 16 16 16 16 16
Reserves 349 383 444 496 569 666 682 734 936 1,119 1,330 1,528
658 631 674 870 1,103 988 1,001 937 778 639 1,048 828
162 170 196 349 489 484 480 690 972 1,008 851 994
Total Liabilities 1,184 1,200 1,329 1,732 2,176 2,153 2,179 2,377 2,702 2,781 3,245 3,365
571 542 705 745 1,029 1,329 1,307 1,259 1,360 1,349 1,457 1,628
CWIP 120 154 52 352 323 53 85 109 97 163 346 271
Investments 0 0 0 0 0 0 0 0 0 4 9 16
492 504 572 635 823 771 787 1,008 1,245 1,265 1,433 1,451
Total Assets 1,184 1,200 1,329 1,732 2,176 2,153 2,179 2,377 2,702 2,781 3,245 3,365

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
115 152 95 121 233 184 104 169 406 348 65 518
-62 -34 -91 -375 -299 -80 -69 -37 -154 -128 -370 -192
-71 -63 18 253 76 -113 -64 -171 -248 -234 292 -354
Net Cash Flow -18 55 22 -1 10 -10 -29 -39 5 -14 -13 -28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 74 52 52 56 75 35 49 54 40 32 37 40
Inventory Days 74 67 77 81 107 95 124 165 108 101 90 95
Days Payable 66 59 66 68 131 72 81 137 110 95 77 96
Cash Conversion Cycle 83 60 63 69 51 57 93 82 38 37 49 39
Working Capital Days 79 58 61 64 31 38 80 97 46 36 54 49
ROCE % 6% 9% 11% 11% 10% 12% 7% 9% 23% 21% 19% 17%

Shareholding Pattern

Numbers in percentages

18 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
62.60% 62.60% 62.60% 62.68% 62.68% 62.27% 61.91% 60.98% 60.98% 60.98% 60.98% 61.24%
0.07% 0.14% 5.63% 5.63% 5.63% 6.05% 6.07% 5.94% 6.35% 6.56% 6.84% 6.71%
0.44% 0.41% 0.63% 0.83% 1.23% 2.12% 2.68% 4.12% 4.03% 4.79% 4.86% 5.05%
0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.13% 0.15% 0.16% 0.00% 0.00% 0.00%
36.89% 36.86% 31.14% 30.86% 30.45% 29.44% 29.18% 28.82% 28.50% 27.69% 27.34% 27.01%
No. of Shareholders 27,93330,03633,45134,36937,45841,78542,92751,04461,21068,05069,06869,338

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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