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Steel Strips Wheels spurts as Audi nominates it as supplier for its A6 platform

Steel Strips Wheels Ltd. | Auto Ancillary | Automobiles | BSE: 513262 | NSE: SSWL

23 Mar 2012 Evaluate

Steel Strips Wheels is currently trading at Rs. 230.05, up by 5.50 points or 2.45% from its previous closing of Rs. 224.55 on the BSE.

The scrip opened at Rs. 241.10 and has touched a high and low of Rs. 242.00 and Rs. 220.65 respectively. So far 88237 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 339.95 on 05-Apr-2011 and a 52 week low of Rs. 162.00 on 23-Nov-2011.

Last one week high and low of the scrip stood at Rs. 242.00 and Rs. 211.15 respectively. The current market cap of the company is Rs. 336.12 crore.

The promoters holding in the company stood at 52.48% while Institutions and Non-Institutions held 2.74% and 44.78% respectively.

Audi, one of the highly quality conscious and leading German car maker, has nominated Steel Strips Wheels (SSWL) for the supply of steel wheel rims for its A6 platform.

The awarded business has a potential of exports worth over Euro 20.28 million (equivalent to Rs 137 crore approx.) over a period of four years. The company expects to start supplies in 2012-13.

The company reported 34% growth in February 2012 sales at Rs. 8429.31 lakh against Rs. 6272.93 lakh in February 2011. The gross sale of the company also increased to 9222.93 lakh in February, 2012 as against Rs. 6869.63 lakh in February, 2011, recording a growth of 34%.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors.

Steel Strips Wheels Share Price

220.75 7.90 (3.71%)

17-Apr-2026 16:59 View Price Chart

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Steel Strips Wheels spurts as Audi nominates it as supplier for its A6 platform

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