SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SSWL zooms on prepaying long term debt of Rs 81.26 crore

30 Dec 2022 Evaluate

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.

Steel Strips Wheels Share Price

216.80 4.35 (2.05%)
15-Apr-2026 11:13 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 123.85
Tube Investments 2738.45
Bosch 37210.00
UNO Minda 1101.50
CIE Automotive India 486.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×