Steel Strips Wheels Ltd - Stock Valuation and Financial Performance

BSE: 513262 | NSE: SSWL | Auto Ancillary | Small Cap

Steel Strips Wheels Share Price

223 -0.85 -0.38%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Steel Strips Wheels

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Steel Strips Wheels stock performance -

mw4me loader
P/E Ratio (SA):
16.77
Market Cap:
3,469.7 Cr.
52-wk low:
140
52-wk high:
298.9

Is Steel Strips Wheels Ltd an attractive stock to invest in?

1. Is Steel Strips Wheels Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Steel Strips Wheels Ltd is a average quality company.

2. Is Steel Strips Wheels Ltd undervalued or overvalued?

The key valuation ratios of Steel Strips Wheels Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Steel Strips Wheels Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Steel Strips Wheels Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Steel Strips Wheels:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Steel Strips Wheels Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5%6.4%8.4%7.1%8%9%5.2%6.4%15.5%15%-
Value Creation
Index
-0.6-0.5-0.4-0.5-0.4-0.4-0.6-0.60.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0641,1531,1821,3301,5182,0411,5631,7493,5604,0414,293
Sales YoY Gr.-8.4%2.5%12.5%14.2%34.5%-23.4%11.9%103.5%13.5%-
Adj EPS 1.42.443.555.51.73.113.113.113.2
YoY Gr.-70.7%65.7%-12.6%45.7%9.1%-70%89.7%319.8%-0.4%-
BVPS (₹) 20.422.426.529.53438.941.344.55768.978.4
Adj Net
Profit
21.236.560.453.778.585.725.748.8205205207
Cash Flow from Ops. 11515294.7121233184104169406348-
Debt/CF from Ops. 5.74.27.17.24.75.49.65.51.91.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16%21.6%37.2%13.5%
Adj EPS 28.2%21%99.4%-0.4%
BVPS14.5%15.1%18.6%20.9%
Share Price 31.9% 20.9% 49.6% 56.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
69.614.111.114.313.53.76.724.119.617.9
Op. Profit
Mgn %
9.49.312.312.413.612.311.211.712.711.410.8
Net Profit
Mgn %
23.25.145.24.21.62.85.85.14.8
Debt to
Equity
2.11.81.71.92.11.61.61.40.90.6-
Working Cap
Days
12512312012014112015717211010951
Cash Conv.
Cycle
59524344494265633028-1

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.90%

Sales growth is growing at healthy rate in last 3 years 37.23%

Net Profit is growing at healthy rate in last 3 years 99.44%

Debt to equity has declined versus last 3 years average to 0.59

Sales growth is not so good in last 4 quarters at 5.12%

Latest Financials - Steel Strips Wheels Ltd.

Standalone Consolidated
TTM EPS (₹) 13.2 13.2
TTM Sales (₹ Cr.) 4,293 4,293
BVPS (₹.) 78.4 78.4
Reserves (₹ Cr.) 1,214 1,214
P/BV 2.82 2.82
PE 16.77 16.81
From the Market
52 Week Low / High (₹) 140.00 / 298.90
All Time Low / High (₹) 0.40 / 298.90
Market Cap (₹ Cr.) 3,470
Equity (₹ Cr.) 15.7
Face Value (₹) 1
Industry PE 46.3

Management X-Ray of Steel Strips Wheels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *29.0719.5419.5417.5619.4813.9013.8813.884.924.94
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Steel Strips Wheels

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,0641,1531,1821,3301,5182,0411,5631,7493,5604,041
Operating Expenses 9641,0451,0371,1651,3181,7951,3921,5463,1073,598
Manufacturing Costs130120143153173183165190387406
Material Costs6687477017989041,3049661,0992,1872,664
Employee Cost 7587103119136188156153227275
Other Costs 91918996105121105104307253
Operating Profit 99108145165200246171204453443
Operating Profit Margin (%) 9.3%9.3%12.3%12.4%13.2%12.0%11.0%11.6%12.7%11.0%
Other Income 19211918131722161312
Interest 41414351649389848584
Depreciation 53384248536272727780
Exceptional Items 0001000000
Profit Before Tax 25497986971093364304291
Tax 19183022279159897
Profit After Tax 2439615675822349205194
PAT Margin (%) 2.3%3.4%5.2%4.2%4.9%4.0%1.5%2.8%5.8%4.8%
Adjusted EPS (₹)1.62.64.03.64.85.31.53.213.212.4
Dividend Payout Ratio (%)9%8%4%8%8%8%0%6%6%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3643954575115826596967479421,130
Share Capital 15151516161616161616
Reserves 3483804414965666446807329261,115
Minority Interest0000000000
Debt586560597786900851898769683578
Long Term Debt330285275391491458442380279161
Short Term Debt255275322395410393457389404417
Trade Payables121121127149325257214412659695
Others Liabilities 119130155285368386371449418378
Total Liabilities 1,1891,2071,3361,7322,1762,1532,1792,3772,7022,781

Fixed Assets

Gross Block8648711,0761,1631,4961,8561,9041,9232,0992,166
Accumulated Depreciation293329371419466526598663739818
Net Fixed Assets5715427057451,0291,3291,3071,2591,3601,349
CWIP 12015452352323538510997163
Investments 0000000004
Inventories136138148177266338329496647734
Trade Receivables215164169205313194210257392349
Cash Equivalents 4510012212113112192535844
Others Assets100109141133114118156201148139
Total Assets 1,1891,2071,3361,7322,1762,1532,1792,3772,7022,781

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 11515295121233184104169406348
PBT 25497986981093264301289
Adjustment 75656784113148152144154155
Changes in Working Capital 1644-48-2945-47-72-25-2-48
Tax Paid -1-7-4-20-22-27-9-15-46-48
Cash Flow From Investing Activity -62-34-91-375-299-80-69-37-154-128
Capex -73-45-102-388-309-81-77-49-165-136
Net Investments 000110001-4
Others 12121113808121112
Cash Flow From Financing Activity -71-631825376-113-64-171-248-234
Net Proceeds from Shares 00014222-22001
Net Proceeds from Borrowing -4-3942217145-3342-174-118
Interest Paid -34-38-35-50-70-97-92-84-85-84
Dividend Paid -3-4-3-3-6-8-80-3-12
Others -311814754354-8915-21
Net Cash Flow -185522-110-10-29-395-14
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.112.0616.412.9115.2114.53.757.3625.9519.71
ROCE (%)7.059.2511.8711.3310.8612.397.449.0123.522.06
Asset Turnover Ratio1.031.071.040.960.80.940.720.771.41.47
PAT to CFO Conversion(x)4.793.91.562.163.112.244.523.451.981.79
Working Capital Days
Receivable Days57544646614547493333
Inventory Days41394040525478865962
Payable Days585965639682891048993

Steel Strips Wheels Ltd Stock News

Steel Strips Wheels Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Steel Strips Wheels on 28-Mar-2024 16:01 is ₹223.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Steel Strips Wheels stood at ₹3,469.7.
The latest P/E ratio of Steel Strips Wheels as of 28-Mar-2024 16:01 is 16.77.
The latest P/B ratio of Steel Strips Wheels as of 28-Mar-2024 16:01 is 2.82.
The 52-week high of Steel Strips Wheels is ₹298.9 and the 52-week low is ₹140.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steel Strips Wheels is ₹4,293 ( Cr.) .

About Steel Strips Wheels Ltd

Steel Strips Wheels Ltd., established in 1985 is a part of the Steel Strips Group, headquartered in Chandigarh. The company is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches dia for scooters, passenger cars, utility vehicles and tractors.

Product range of the company includes:

The company manufactures single piece steel wheel rims for:

  • Passenger Cars, 2/3 wheelers
  • Commercial Vehicles & Earth Mover Segment
  • Tractors Segment
  • Caravans Segment

Achievements/ recognition:

  • SQ 9000 certification by BVQI
  • In house R&D Recognition by DSIR, Govt. of India
  • ISO /TS 16949 certification by BVQI
  • ISO 14001 certification by BVQI
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