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SSWL reports 13% growth in net turnover in January

01 Feb 2023 Evaluate

Steel Strips Wheels (SSWL) has achieved net turnover of Rs 345.89 crore in January 2023 as compared to Rs 305.57 crore in January 2022, recording a growth of 13.20% year-on-year (Y-o-Y) and achieved Gross turnover of Rs 429.57 crore in January 2023 as against Rs 377.83 crore in January 2022, thereby recording a growth of 13.69% Y-o-Y. However, the company’s exports declined 60% in January 2023 on Y-o-Y basis.

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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