Steel Strips Wheels Ltd Stock Analysis

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

BSE Share Price Aug 19, 18:03
822.20 -9.75 (-1.17%)

DeciZen - Make an Informed Decision on Steel Strips Wheels

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Steel Strips Wheels Price Chart

P/E Ratio (SA) :
12.86
Market Cap :
2,604.2 Cr.
52-wk low :
678.6
52-wk high :
995
Bole Toh?

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 below 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 6.3%5.1%5%6.4%8.4%7.1%8%9%5.2%6.4%-
Value Creation Index -0.6-0.6-0.6-0.5-0.4-0.5-0.4-0.4-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9579701,0641,1531,1821,3301,5182,0411,5631,7493,898
YoY Gr. Rt. %-1.3%9.7%8.4%2.5%12.5%14.2%34.5%-23.4%11.9%-
Adj EPS 9.68.171219.817.325.227.58.215.664.7
YoY Gr. Rt. %--15.8%-13.7%71.2%65.7%-12.7%45.9%9%-70%89.7%-
BVPS (₹) 86.395.2102.2112.2132.4147.6170.1194.5206.3222.5302.6
Adj Net Profit 28.524.621.236.560.453.778.585.725.748.8202
Cash Flow from Ops. 75.877.911515294.7121233184104169-
Debt/CF from Ops. 6.77.95.74.27.17.24.75.49.65.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.9%8.2%4.8%11.9%
Adj EPS 5.6%-4.6%-14.7%89.7%
BVPS 11.110.99.47.9
Share Price 25.7% 14.3% 28.1% -2.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 9.67.669.614.111.114.313.53.76.724.6
Op. Profit Mgn % 9.79.89.49.312.312.413.612.311.211.711.9
Net Profit Mgn % 32.523.25.145.24.21.62.85.2
Debt to Equity 22.12.11.81.71.92.11.61.61.4-
Working Cap Days 1041141251231201201411201571720
Cash Conv. Cycle 515359524344494265630

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.60%

Debt to equity has declined versus last 3 years average to 1.35

Sales growth is good in last 4 quarters at 75.63%

Sales growth has been subdued in last 3 years 4.84%

Net Profit has been subdued in last 3 years -14.74%

Latest Financials - Steel Strips Wheels Ltd.

Standalone Consolidated
TTM EPS (₹) 64.7 -
TTM Sales (₹ Cr.) 3,898 -
BVPS (₹.) 302.6 -
Reserves (₹ Cr.) 932 -
P/BV 2.75 -
PE 12.86 -
From the Market
52 Week Low / High (₹) 678.60 / 995.00
All Time Low / High (₹) 2.00 / 995.00
Market Cap (₹ Cr.) 2,604
Equity (₹ Cr.) 15.7
Face Value (₹) 5
Industry PE 40.4

Management X-Ray of Steel Strips Wheels :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *49.9146.5946.1445.1245.0337.1029.0719.5419.5417.56
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Steel Strips Wheels

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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