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SSWL soars on reporting 11% growth in total wheel rim sales in October

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

01 Nov 2018 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 972.95, up by 19.35 points or 2.03% from its previous closing of Rs. 953.60 on the BSE.

The scrip opened at Rs. 965.00 and has touched a high and low of Rs. 976.75 and Rs. 956.20 respectively. So far 679 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. 1000.00 and Rs. 948.00 respectively. The current market cap of the company is Rs. 1495.71 crore.

The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 1.94% and 40.42% respectively.

SSWL has achieved total wheel rim sales of 14.50 lakh in October 2018 as compared to 13.04 lakh, representing a growth of 11% Y-o-Y. In terms of value, the company has achieved gross turnover of Rs 249.36 crore in October 2018 compared to Rs 166.85 crore in October 2017, there by recording a growth of 50% and achieved Net turnover of Rs 204.04 crore in October 2018 compared to Rs 134.96 crore in October 2017, recording a growth of 51%.

Passenger car segment volumes grew by 3% and Commercial Vehicles segment volumes saw robust growth in October 2018 with 76% Y-o-Y increase. Besides, exports segment grew by 44%. Tractor volumes rose 11% in October 2018 Y-o-Y, while two & three Wheelers Segment fell by 2%.

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

220.75 7.90 (3.71%)

17-Apr-2026 16:59 View Price Chart

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SSWL soars on reporting 11% growth in total wheel rim sales in October

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