SSWL gains on reporting 23% growth in total wheel rim sales in June

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

03 Jul 2018 Evaluate

Steel Strips Wheels is currently trading at Rs. 1231.00, up by 12.75 points or 1.05% from its previous closing of Rs. 1218.25 on the BSE.

The scrip opened at Rs. 1210.00 and has touched a high and low of Rs. 1240.00 and Rs. 1210.00 respectively. So far 486 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1473.70 on 24-Apr-2018 and a 52 week low of Rs. 769.95 on 23-Nov-2017.

Last one week high and low of the scrip stood at Rs. 1,240.00 and Rs. 1152.90 respectively. The current market cap of the company is Rs. 1917.00 crore.

The promoters holding in the company stood at 57.63%, while Institutions and Non-Institutions held 3.15% and 39.23% respectively.

Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 12.66 lakh in June 2018 as compared to 10.29 lakh representing a growth of 23% Y-o-Y. In terms of value, the company has achieved gross turnover of Rs 197.60 crore in June 2018 compared to Rs 112.45 crore in June 2017, there by recording a growth of 76% and achieved net turnover of Rs 155.96 crore in June 2018 compared to Rs 100.43 crore in June 2017, recording a growth of 55%.

Passenger car segment volumes surged by 9% in June 2018 Y-o-Y basis and tractor volumes was up by 15% in June 2018 Y-o-Y basis. LCV & MHCV segment volumes grew by 85% Y-o-Y basis in June 2018, while two and three wheelers segment grew by 20%.

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. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.

Steel Strips Wheels Share Price

211.65 -1.75 (-0.82%)

08-May-2026 16:59 View Price Chart

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