Steel Strips Wheels is currently trading at Rs. 158.95, up by 3.95 points or 2.55% from its previous closing of Rs. 155.00 on the BSE.
The scrip opened at Rs. 156.50 and has touched a high and low of Rs. 163.00 and Rs. 155.25 respectively. So far 2921 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 189.69 on 07-Apr-2022 and a 52 week low of Rs. 135.72 on 27-Jan-2022.
Last one week high and low of the scrip stood at Rs. 163.00 and Rs. 146.50 respectively. The current market cap of the company is Rs. 2487.78 crore.
The promoters holding in the company stood at 62.60%, while Institutions and Non-Institutions held 0.55% and 36.85% respectively.
Steel Strips Wheels (SSWL) has prepaid long term debt of Rs 81.26 crore in the current Quarter as on December 30, 2022 and after this prepayment along with normal repayments for the period, the company's Long Term debt is reduced to Rs 270.20 crore as on date from Rs 374.39 crore as on March 31, 2022.
The company is working to further pre-pay its long term loans in the next quarter, so as to remain on its target of achieving a financial leverage of sub 1.5 times of total debt.
SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It 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.
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