Steel Strips Wheels Ltd

₹ 146 3.62%
02 Feb 12:38 p.m.
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

Leader in automotive wheel rims
It is a leader in Designing, Manufacturing & Supplying automotive wheel rims – both under the steel & alloy category. [1]

  • Market Cap 2,285 Cr.
  • Current Price 146
  • High / Low 190 / 126
  • Stock P/E 11.7
  • Book Value 66.7
  • Dividend Yield 0.52 %
  • ROCE 22.7 %
  • ROE 24.1 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 30.3% CAGR over last 5 years
  • Company's working capital requirements have reduced from 73.9 days to 45.5 days

Cons

  • Company has a low return on equity of 12.3% 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
344 387 120 405 525 700 678 958 861 1,063 1,016 1,081 938
301 356 118 355 459 614 580 821 754 952 907 964 831
Operating Profit 43 31 2 50 66 86 98 137 107 111 109 117 108
OPM % 12% 8% 2% 12% 12% 12% 14% 14% 12% 10% 11% 11% 12%
4 8 1 5 4 6 2 4 2 5 0 4 2
Interest 21 22 23 22 20 19 20 24 22 19 18 21 22
Depreciation 18 18 17 18 18 19 18 20 20 19 20 20 20
Profit before tax 7 -1 -37 15 31 54 63 97 66 78 71 80 68
Tax % 15% -310% -4% 9% 7% 18% 19% 35% 35% 38% 32% 32% 35%
Net Profit 6 -5 -38 14 29 45 51 63 43 49 48 55 44
EPS in Rs 0.40 -0.34 -2.44 0.90 1.84 2.86 3.27 4.03 2.73 3.13 3.08 3.49 2.80
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
652 953 968 1,056 1,148 1,177 1,330 1,518 2,041 1,563 1,749 3,560 4,099
565 859 873 957 1,041 1,031 1,165 1,318 1,795 1,392 1,546 3,107 3,653
Operating Profit 87 93 95 99 108 145 165 200 246 171 204 453 446
OPM % 13% 10% 10% 9% 9% 12% 12% 13% 12% 11% 12% 13% 11%
2 10 11 19 21 19 20 13 17 22 16 13 11
Interest 20 28 30 41 41 43 51 64 93 89 84 85 80
Depreciation 33 43 50 53 38 42 48 53 62 72 72 77 79
Profit before tax 36 33 27 25 49 79 86 97 109 33 64 304 297
Tax % 16% 13% 6% 3% 19% 23% 35% 23% 24% 28% 23% 32%
Net Profit 30 29 25 24 39 61 56 75 82 23 49 205 195
EPS in Rs 2.01 1.94 1.65 1.60 2.58 4.01 3.58 4.83 5.29 1.51 3.16 13.16 12.50
Dividend Payout % 7% 8% 9% 9% 8% 7% 8% 8% 8% 0% 6% 6%
Compounded Sales Growth
10 Years: 14%
5 Years: 22%
3 Years: 20%
TTM: 28%
Compounded Profit Growth
10 Years: 22%
5 Years: 30%
3 Years: 36%
TTM: -3%
Stock Price CAGR
10 Years: 23%
5 Years: 7%
3 Years: 23%
1 Year: -13%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 12%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
15 15 15 15 15 15 16 16 16 16 16 16 16
Reserves 268 294 327 349 383 444 496 569 644 682 734 936 1,028
424 505 612 658 631 674 870 1,103 988 1,001 937 778 882
130 145 131 162 170 196 349 489 506 480 690 972 799
Total Liabilities 837 959 1,086 1,184 1,200 1,329 1,732 2,176 2,153 2,179 2,377 2,702 2,724
496 564 574 571 542 705 745 1,029 1,329 1,307 1,259 1,360 1,318
CWIP 37 50 97 120 154 52 352 323 53 85 109 97 135
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
303 344 414 492 504 572 635 823 771 787 1,008 1,245 1,271
Total Assets 837 959 1,086 1,184 1,200 1,329 1,732 2,176 2,153 2,179 2,377 2,702 2,724

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
33 76 78 115 152 95 121 233 184 104 169 406
-142 -123 -104 -62 -34 -91 -375 -299 -80 -69 -37 -154
112 43 67 -71 -63 18 253 76 -113 -64 -171 -248
Net Cash Flow 2 -4 41 -18 55 22 -1 10 -10 -29 -39 5

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 51 53 56 74 52 52 56 75 35 49 54 40
Inventory Days 130 75 71 74 67 77 81 107 95 124 165 108
Days Payable 73 59 51 66 59 66 68 131 72 81 137 110
Cash Conversion Cycle 109 69 76 83 60 63 69 51 57 93 82 38
Working Capital Days 64 54 90 79 58 61 64 31 38 80 97 46
ROCE % 9% 8% 6% 6% 9% 11% 11% 10% 12% 7% 9% 23%

Shareholding Pattern

Numbers in percentages

7 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
62.85 62.85 62.85 62.77 62.77 62.77 62.77 62.77 62.77 62.60 62.60 62.60
0.58 0.58 0.80 0.63 0.69 0.84 0.26 0.12 0.14 0.07 0.14 5.63
0.44 0.40 0.71 0.71 0.70 0.44 0.32 0.39 0.44 0.44 0.41 0.63
36.14 36.17 35.64 35.89 35.84 35.96 36.66 36.72 36.65 36.89 36.86 31.14

* 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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