Steel Strips Wheels Ltd

Steel Str. Wheel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Steel Strips Wheels Ltd

₹ 224 -1.10%
19 Apr 4:01 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

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

Website BSE NSE
  • Market Cap ₹ 3,525 Cr.
  • Current Price ₹ 224
  • High / Low ₹ 299 / 146
  • Stock P/E 17.1
  • Book Value ₹ 77.9
  • Dividend Yield 0.45 %
  • ROCE 21.4 %
  • ROE 18.6 %
  • Face Value ₹ 1.00
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Pros

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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,063 1,081 938 1,005 1,044 1,134 1,110
952 964 831 896 932 1,009 994
Operating Profit 111 117 108 108 113 124 117
OPM % 10% 11% 12% 11% 11% 11% 10%
5 4 2 7 4 3 2
Interest 19 21 22 23 24 26 25
Depreciation 19 20 20 20 22 22 22
Profit before tax 78 80 68 73 71 79 71
Tax % 38% 32% 35% 35% 33% 34% 16%
49 55 44 47 47 52 59
EPS in Rs 3.13 3.49 2.80 3.02 3.03 3.34 3.79
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 TTM
3,560 4,041 4,293
3,107 3,598 3,831
Operating Profit 453 443 462
OPM % 13% 11% 11%
13 12 16
Interest 85 84 97
Depreciation 77 80 87
Profit before tax 304 291 293
Tax % 32% 33%
205 194 206
EPS in Rs 13.16 12.38 13.18
Dividend Payout % 6% 8%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -5%
Stock Price CAGR
10 Years: 31%
5 Years: 22%
3 Years: 50%
1 Year: 38%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 16 16
Reserves 936 1,119 1,207
778 638 836
972 1,008 940
Total Liabilities 2,702 2,781 2,999
1,360 1,349 1,303
CWIP 97 163 353
Investments 0 4 4
1,245 1,265 1,339
Total Assets 2,702 2,781 2,999

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
406 348
-154 -128
-248 -234
Net Cash Flow 5 -14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023
Debtor Days 40 32
Inventory Days 108 101
Days Payable 110 95
Cash Conversion Cycle 38 37
Working Capital Days 46 36
ROCE % 21%

Shareholding Pattern

Numbers in percentages

36 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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