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Steel Strips Wheels surges on reporting 16% growth in August sales

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

04 Sep 2012 Evaluate

Steel Strips Wheels is currently trading at Rs. 173.10, up by 2.05 points or 1.20% from its previous closing of Rs. 171.05 on the BSE.

The scrip opened at Rs. 174.90 and has touched a high and low of Rs. 175.00 and Rs. 172.20 respectively. So far 2205 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 262.00 on 07-Sep-2011 and a 52 week low of Rs. 162.00 on 13-Aug-2012.

Last one week high and low of the scrip stood at Rs. 194.95 and Rs. 168.05 respectively. The current market cap of the company is Rs. 263.10 crore.

The promoters holding in the company stood at 53.82% while Institutions and Non-Institutions held 2.68% and 43.50% respectively. Steel Strips Wheels (SSWL) has registered a growth of 16.24% by achieving gross sale of Rs 9,555 lakh in August, 2012 as against 8,220 lakh in the same month previous year. The net sales of the company have also increased to Rs 8,621 lakh in August, 2012 from Rs 7,552 lakh in August, 2011, recording a growth of 14%.

In terms of number of wheel rims, the company sold 8.35 lakh steel wheel rims during August, 2012 as against 8.02 lakh in August, 2011. Further, the company has also achieved the export sales of 74,940 wheel rims during the month as against 131,618 wheel rims during the month of August, 2011.

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

220.75 7.90 (3.71%)

17-Apr-2026 16:59 View Price Chart

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Steel Strips Wheels surges on reporting 16% growth in August sales

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