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Steel Strips Wheels gains on reporting 24.82% growth in October sales

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

01 Nov 2012 Evaluate

Steel Strips Wheels is currently trading at Rs. 207.75, up by 8.80 points or 4.42% from its previous closing of Rs. 198.95 on the BSE.

The scrip opened at Rs. 203.95 and has touched a high and low of Rs. 212.95 and Rs. 200.50 respectively. So far 1,932 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 253.20 on 08-Dec-2011 and a 52 week low of Rs. 162.00 on 23-Nov-2012.

Last one week high and low of the scrip stood at Rs. 220.05 and Rs. 195.70 respectively. The current market cap of the company is Rs. 315 crore.

The promoters holding in the company stood at 53.82% while Institutions and Non-Institutions held 2.65% and 43.53% respectively.

Steel Strips Wheels (SSWL) has registered a growth of 24.82% by achieving gross sale of Rs 100.22 crore in October, 2012 as against 80.29 crore in the same month previous year. The net sale of the company also increased to Rs 89.91 crore during October 2012 as against Rs 73.34 crore in October 2011, recording a growth of 22.59%.

In terms of number of wheel rims, the company sold 8.74 lakh steel wheel rims during October, 2012 as against 7.02 lakh in October, registering a growth of 24.44%. The company has achieved the Export sales of 74,390 wheel rims during the month of October, 2012 as against 56,730 wheel rims during the month of October 2011, registering a growth of 31%.

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 gains on reporting 24.82% growth in October sales

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