Steel Strips Wheels Ltd
**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]
- Market Cap ₹ 3,563 Cr.
- Current Price ₹ 227
- High / Low ₹ 299 / 190
- Stock P/E 16.3
- Book Value ₹ 85.8
- Dividend Yield 0.44 %
- 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
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
968 | 1,056 | 1,148 | 1,177 | 1,330 | 1,518 | 2,041 | 1,563 | 1,749 | 3,560 | 4,041 | 4,357 | 4,338 | |
873 | 957 | 1,041 | 1,031 | 1,165 | 1,318 | 1,795 | 1,392 | 1,546 | 3,107 | 3,598 | 3,892 | 3,872 | |
Operating Profit | 95 | 99 | 108 | 145 | 165 | 200 | 246 | 171 | 204 | 453 | 443 | 465 | 466 |
OPM % | 10% | 9% | 9% | 12% | 12% | 13% | 12% | 11% | 12% | 13% | 11% | 11% | 11% |
11 | 19 | 21 | 19 | 20 | 13 | 17 | 22 | 16 | 13 | 12 | 16 | 16 | |
Interest | 30 | 41 | 41 | 43 | 51 | 64 | 93 | 89 | 84 | 85 | 84 | 103 | 110 |
Depreciation | 50 | 53 | 38 | 42 | 48 | 53 | 62 | 72 | 72 | 77 | 80 | 90 | 92 |
Profit before tax | 27 | 25 | 49 | 79 | 86 | 97 | 109 | 33 | 64 | 304 | 291 | 289 | 279 |
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 | 219 | |
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 | 13.93 |
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: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | 22% |
3 Years: | 65% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 23% |
5 Years: | 24% |
3 Years: | 8% |
1 Year: | -14% |
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% | 19% |
Documents
Announcements
- SSWL Monthly Sales Declines In August 24(By 7% YOY) Highest Ever Monthly Alloy Wheel Sales - (Grew By 16 % YOY) Tractor Monthly Sales - (Grew By 9% YOY) 2d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
30 Aug - The officials of the Company will be meeting Investors (Participants) as per the details below. Date & Time: September 05, 2024, 11:00 am onwards Name …
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Announcement under Regulation 30 (LODR)-Change in Directorate
29 Aug - Appointment and re-appointment of directors, subject to the approval of members, as per the details in the letter attached herewith.
- Book Closure From 24.09.2024 Till 30.09.2024, For The Purpose Of AGM And For Determining The Names Of Members Entitled To Dividend, If Approved By The Members At The AGM 29 Aug
- Board Meeting Outcome for Outcome Of Meeting Of Board Of The Company Held On August 29, 2024 29 Aug
Annual reports
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Financial Year 2023
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Jul 2024Transcript PPT
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Sep 2016TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Mar 2016TranscriptNotesPPT
Leader in automotive wheel rims
It is a leader in Designing, Manufacturing & Supplying automotive wheel rims both under the steel & alloy category. [1]