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Steel Strips Wheels soars on reporting 21% rise in January sales

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

03 Feb 2014 Evaluate

Steel Strips Wheels is currently trading at Rs. 127.00, up by 4.35 points or 3.55% from its previous closing of Rs. 122.65 on the BSE.

The scrip opened at Rs. 122.55 and has touched a high and low of Rs. 135.00 and Rs. 122.50 respectively. So far 10390 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 202.00 on 07-Mar-2013 and a 52 week low of Rs. 111.50 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 135.00 and Rs. 120.85 respectively. The current market cap of the company is Rs. 189.95 crore.

The promoters holding in the company stood at 56.55% while Institutions and Non-Institutions held 0.63% and 42.83% respectively.

Steel Strips Wheels (SSWL), a producer of automobile wheel rims, recorded an increase of 21% in wheels sales of 9.70 lakh during January 2014 as against 8.01 lakh in January 2013. The January sales numbers were encouraging and the guidance for the balance 2 month of current financial year is expected to be very strong on the back of very good order flow received recently.

Exports rose 28% year-on-year (Y-o-Y) with total sales at 125,406 as against 97,848 in January 2013. The export segment is growing at healthy rate and will pick up steam going into last quarter of FY 13-14 after 2 new businesses started in fourth quarter. Tractor segment exports have started ramping up with existing customer and will provide cushion in next financial year.

Passenger Car segment grew by 10% in January 2014 Y-o-Y basis. 2 & 3 wheeler segment grew by 48% on the back of good volume growth across the customers and is poised to move with healthy rate with 1 more new business adding to its portfolio from the month of February. Meanwhile, tractor segment grew by 35% Y-o-Y basis and are expected to now pick up further momentum in the final quarter

In terms of value, the company achieved gross sale of Rs 100.21 crore in January 2014 as against Rs. 84.14 crore in January 2013 recording a growth of 19.08%. Net sale of the company in January 2014 is Rs 89.60 crore as against Rs 75.44 crore in January, 2013, recording a growth of 18.78%.

SSWL 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. 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

210.35 7.05 (3.47%)

10-Apr-2026 16:59 View Price Chart

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Steel Strips Wheels soars on reporting 21% rise in January sales

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