MoneyWorks4Me

SSWL posts 15% growth in net sales in August

01 Sep 2022 Evaluate

Steel Strips Wheels (SSWL) has achieved net turnover of Rs 352.93 crore in August 2022 as compared to Rs 308.09 crore in August 2021, recording a growth of 14.55% YoY and achieved gross turnover of Rs 436.67 crore in August 2022 against Rs 373.03 crore in August 2021, there by recording a growth of 17.06% YoY. However, company’s exports declined 76% in August 2022 (YoY).

SSWL is engaged in the manufacturing of single piece steel wheel rims 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.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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