Steel Strips Wheels Ltd Stock Analysis

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

BSE Share Price 31-Mar-2023 16:06
147.90 5.20 (3.64%)

DeciZen - Make an Informed Decision on Steel Strips Wheels

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Steel Strips Wheels Price Chart

P/E Ratio ( SA) :
11.43
Market Cap :
2,233.4 Cr.
52-wk low :
126.2
52-wk high :
189.7
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 Semi Strong which suggest that the price of Steel Strips Wheels Ltd is likely to Rise-somewhat 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.1%5%6.4%8.4%7.1%8%9%5.2%6.4%15.5%-
Value Creation Index -0.6-0.6-0.5-0.4-0.5-0.4-0.4-0.6-0.60.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9701,0641,1531,1821,3301,5182,0411,5631,7493,5604,099
YoY Gr. Rt. %-9.7%8.4%2.5%12.5%14.2%34.5%-23.4%11.9%103.5%-
Adj EPS 1.61.42.443.555.51.73.113.112.5
YoY Gr. Rt. %--13.6%70.7%65.7%-12.6%45.7%9.1%-70%89.7%319.8%-
BVPS (₹) 1920.422.426.529.53438.941.344.557.366.1
Adj Net Profit 24.621.236.560.453.778.585.725.748.8205195
Cash Flow from Ops. 77.911515294.7121233184104169406-
Debt/CF from Ops. 7.95.74.27.17.24.75.49.65.51.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.5%21.8%20.4%103.5%
Adj EPS 26.2%30.6%33.7%319.8%
BVPS 1314.213.828.8
Share Price 24.7% 6.9% 61.2% -8.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 7.669.614.111.114.313.53.76.724.120.2
Op. Profit Mgn % 9.89.49.312.312.413.612.311.211.712.710.9
Net Profit Mgn % 2.523.25.145.24.21.62.85.84.8
Debt to Equity 2.12.11.81.71.92.11.61.61.40.9-
Working Cap Days 1141251231201201411201571721100
Cash Conv. Cycle 535952434449426563300

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.20%

Sales growth is growing at healthy rate in last 3 years 20.37%

Net Profit is growing at healthy rate in last 3 years 33.68%

Debt to equity has declined versus last 3 years average to 0.87

Sales growth is good in last 4 quarters at 30.91%

No data to display

Latest Financials - Steel Strips Wheels Ltd.

Standalone Consolidated
TTM EPS (₹) 12.5 -
TTM Sales (₹ Cr.) 4,099 -
BVPS (₹.) 66.1 -
Reserves (₹ Cr.) 1,019 -
P/BV 2.16 -
PE 11.43 -
From the Market
52 Week Low / High (₹) 126.20 / 189.69
All Time Low / High (₹) 0.40 / 199.00
Market Cap (₹ Cr.) 2,233
Equity (₹ Cr.) 15.7
Face Value (₹) 1
Industry PE 31.2

Management X-Ray of Steel Strips Wheels :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *46.1445.1245.0337.1029.0719.5419.5417.5619.4813.90
* 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 (%)

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 31-Mar-2023 16:06 is : 147.9.
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 31-Mar-2023 16:06 the market cap of Steel Strips Wheels stood at ₹ 2,233.4.
The latest PE ratio of Steel Strips Wheels as of 31-Mar-2023 16:06 is 11.43.
The latest PB ratio of Steel Strips Wheels as of 31-Mar-2023 16:06 is 2.16
The 52-week high of Steel Strips Wheels is ₹ 189.7 and the 52-week low is ₹ 126.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Steel Strips Wheels is ₹ 4,099 ( 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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