Steel Strips Wheels Ltd

Steel Strips Wheels Ltd

₹ 237 -0.84%
19 Jul 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 3,720 Cr.
  • Current Price 237
  • High / Low 299 / 190
  • Stock P/E 14.2
  • Book Value 91.9
  • Dividend Yield 0.43 %
  • ROCE 17.5 %
  • ROE 20.3 %
  • Face Value 1.00

Pros

Cons

  • Earnings include an other income of Rs.487 Cr.

* 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 Mar 2024
1,063 1,081 938 1,005 1,044 1,134 1,110 1,069
952 964 831 896 932 1,009 994 959
Operating Profit 111 117 108 108 113 124 117 110
OPM % 10% 11% 12% 11% 11% 11% 10% 10%
5 4 2 7 4 3 2 478
Interest 19 21 22 23 24 26 25 28
Depreciation 19 20 20 20 22 22 22 37
Profit before tax 78 80 68 73 71 79 71 523
Tax % 38% 32% 35% 35% 33% 34% 16% 1%
49 55 44 47 47 52 59 516
EPS in Rs 3.13 3.49 2.80 3.02 3.03 3.34 3.79 32.85
Raw PDF
Upcoming result date: 23 July 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
3,560 4,041 4,357
3,107 3,598 3,894
Operating Profit 453 443 464
OPM % 13% 11% 11%
13 12 487
Interest 85 84 103
Depreciation 77 80 104
Profit before tax 304 291 743
Tax % 32% 33% 9%
205 194 675
EPS in Rs 13.16 12.38 42.99
Dividend Payout % 6% 8% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 35%
Stock Price CAGR
10 Years: 23%
5 Years: 25%
3 Years: 25%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Equity Capital 16 16 16
Reserves 936 1,119 1,427
778 638 1,048
972 1,008 813
Total Liabilities 2,702 2,781 3,304
1,360 1,349 1,628
CWIP 97 163 363
Investments 0 4 4
1,245 1,265 1,310
Total Assets 2,702 2,781 3,304

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
406 348 193
-154 -128 -365
-248 -234 171
Net Cash Flow 5 -14 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 32 37
Inventory Days 108 101 90
Days Payable 110 95 77
Cash Conversion Cycle 38 37 49
Working Capital Days 46 36 42
ROCE % 21% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
62.77% 62.77% 62.77% 62.60% 62.60% 62.60% 62.68% 62.68% 62.27% 61.91% 60.98% 60.98%
0.26% 0.12% 0.14% 0.07% 0.14% 5.63% 5.63% 5.63% 6.05% 6.07% 5.94% 6.35%
0.32% 0.39% 0.44% 0.44% 0.41% 0.63% 0.83% 1.23% 2.12% 2.68% 4.12% 4.03%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.13% 0.13% 0.15% 0.16%
36.66% 36.72% 36.65% 36.89% 36.86% 31.14% 30.86% 30.45% 29.44% 29.18% 28.82% 28.50%
No. of Shareholders 23,57726,37426,59027,93330,03633,45134,36937,45841,78542,92751,04461,210

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls