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Steel Strips Wheels soars on reporting 21.80% increase in March sales

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

03 Apr 2012 Evaluate

Steel Strips Wheels is currently trading at Rs. 221.25, up by 4.85 points or 2.24% from its previous closing of Rs. 216.40 on the BSE.

The scrip opened at Rs. 217.50 and has touched a high and low of Rs. 224.50 and Rs. 217.50 respectively. So far 12093 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 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 224.50 and Rs. 207.10 respectively. The current market cap of the company is Rs. 330.93 crore.

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

Steel Strips Wheels has achieved net sales of steel wheel rims of Rs 9180.35 lakh in March, 2012 as compared to March 2011 figure of Rs 7600.61 lakh, recording a growth of 20.78%. The gross sale of the company has also increased to Rs 10517.30 lakh in March, 2012 as against Rs 8635.35 lakh in March, 2011, recording a growth of 21.80%.

In terms of number of wheel rims, the company sold 9.16 lakh in March, 2012 as against 9.10 lakh in March 2011. The company has also achieved highest ever sale of truck wheel rims in a single month.

Further, the company has achieved the export sales of 110064 wheel rims during the month of March, 2012 as against 78140 wheel rims during the month of March, 2011, recording a growth of 40.85%.

The company 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

217.25 0.10 (0.05%)

21-Apr-2026 16:59 View Price Chart

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Steel Strips Wheels soars on reporting 21.80% increase in March sales

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