Steel Strips Wheels Ltd

Steel Strips Wheels Ltd

₹ 222 3.81%
14 Jun 4:01 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 3,479 Cr.
  • Current Price 222
  • High / Low 299 / 184
  • Stock P/E 15.8
  • Book Value 85.8
  • Dividend Yield 0.45 %
  • ROCE 18.8 %
  • ROE 17.7 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 21.7% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -0.94%

* 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
700 678 958 861 1,063 1,016 1,081 938 1,005 1,044 1,134 1,110 1,069
614 580 821 754 952 907 964 831 896 931 1,009 994 958
Operating Profit 86 98 137 107 111 109 117 108 108 113 124 117 111
OPM % 12% 14% 14% 12% 10% 11% 11% 12% 11% 11% 11% 11% 10%
6 2 4 2 5 0 4 2 7 4 3 2 7
Interest 19 20 24 22 19 18 21 22 23 24 26 25 28
Depreciation 19 18 20 20 19 20 20 20 20 22 22 22 23
Profit before tax 54 63 97 66 78 71 80 68 73 71 79 71 68
Tax % 18% 19% 35% 35% 38% 32% 32% 35% 35% 33% 34% 16% 11%
45 51 63 43 49 48 55 44 47 48 52 60 60
EPS in Rs 2.86 3.27 4.03 2.73 3.13 3.08 3.49 2.80 3.02 3.04 3.35 3.79 3.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
968 1,056 1,148 1,177 1,330 1,518 2,041 1,563 1,749 3,560 4,041 4,357
873 957 1,041 1,031 1,165 1,318 1,795 1,392 1,546 3,107 3,598 3,892
Operating Profit 95 99 108 145 165 200 246 171 204 453 443 465
OPM % 10% 9% 9% 12% 12% 13% 12% 11% 12% 13% 11% 11%
11 19 21 19 20 13 17 22 16 13 12 16
Interest 30 41 41 43 51 64 93 89 84 85 84 103
Depreciation 50 53 38 42 48 53 62 72 72 77 80 90
Profit before tax 27 25 49 79 86 97 109 33 64 304 291 289
Tax % 6% 3% 19% 23% 35% 23% 24% 28% 23% 32% 33% 24%
25 24 39 61 56 75 82 23 49 205 194 220
EPS in Rs 1.65 1.60 2.58 4.01 3.58 4.83 5.29 1.51 3.16 13.16 12.38 14.01
Dividend Payout % 9% 9% 8% 7% 8% 8% 8% 0% 6% 6% 8% 0%
Compounded Sales Growth
10 Years: 15%
5 Years: 16%
3 Years: 36%
TTM: 8%
Compounded Profit Growth
10 Years: 26%
5 Years: 22%
3 Years: 65%
TTM: 13%
Stock Price CAGR
10 Years: 28%
5 Years: 22%
3 Years: 42%
1 Year: 12%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 20%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 15 15 16 16 16 16 16 16 16 16
Reserves 327 349 383 444 496 569 666 682 734 936 1,119 1,330
612 658 631 674 870 1,103 988 1,001 937 778 638 1,048
131 162 170 196 349 489 484 480 690 972 1,008 851
Total Liabilities 1,086 1,184 1,200 1,329 1,732 2,176 2,153 2,179 2,377 2,702 2,781 3,245
574 571 542 705 745 1,029 1,329 1,307 1,259 1,360 1,349 1,457
CWIP 97 120 154 52 352 323 53 85 109 97 163 346
Investments 0 0 0 0 0 0 0 0 0 0 4 9
414 492 504 572 635 823 771 787 1,008 1,245 1,265 1,433
Total Assets 1,086 1,184 1,200 1,329 1,732 2,176 2,153 2,179 2,377 2,702 2,781 3,245

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
78 115 152 95 121 233 184 104 169 406 348 65
-104 -62 -34 -91 -375 -299 -80 -69 -37 -154 -128 -370
67 -71 -63 18 253 76 -113 -64 -171 -248 -234 292
Net Cash Flow 41 -18 55 22 -1 10 -10 -29 -39 5 -14 -13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 56 74 52 52 56 75 35 49 54 40 32 37
Inventory Days 71 74 67 77 81 107 95 124 165 108 101 90
Days Payable 51 66 59 66 68 131 72 81 137 110 95 77
Cash Conversion Cycle 76 83 60 63 69 51 57 93 82 38 37 49
Working Capital Days 90 79 58 61 64 31 38 80 97 46 36 54
ROCE % 6% 6% 9% 11% 11% 10% 12% 7% 9% 23% 21%

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.77% 62.77% 62.77% 62.77% 62.60% 62.60% 62.60% 62.68% 62.68% 62.27% 61.91% 60.98%
0.84% 0.26% 0.12% 0.14% 0.07% 0.14% 5.63% 5.63% 5.63% 6.05% 6.07% 5.94%
0.44% 0.32% 0.39% 0.44% 0.44% 0.41% 0.63% 0.83% 1.23% 2.12% 2.68% 4.12%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.13% 0.15%
35.96% 36.66% 36.72% 36.65% 36.89% 36.86% 31.14% 30.86% 30.45% 29.44% 29.18% 28.82%
No. of Shareholders 18,39223,57726,37426,59027,93330,03633,45134,36937,45841,78542,92751,044

* 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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