Is Steel Strips Wheels 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 .

Is Steel Strips Wheels 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 Undervalued zone .

What is Steel Strips Wheels share price return in the past 10 years?

Steel Strips Wheels Ltd share price has appreciated 21.5% annually (CAGR) over the past ten years.

Is Steel Strips Wheels 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.

Steel Strips Wheels Ltd - Stock Valuation and Financial Performance

Name: Steel Strips Wheels
Brand: Steel Strips Wheels

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

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Steel Strips Wheels Share Price

₹201.25 -5.40 -2.61%
as on 21-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9.3%	11.9%	11.3%	10.9%	12.4%	7.4%	9%	23.5%	22.1%	19.3%	-
Value Creation Index ⓘ	-0.3	-0.2	-0.2	-0.2	-0.1	-0.5	-0.4	0.7	0.6	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,153	1,182	1,330	1,518	2,041	1,563	1,749	3,560	4,041	4,357	4,299
Sales YoY Gr.	-	2.5%	12.5%	14.2%	34.5%	-23.4%	11.9%	103.5%	13.5%	7.8%	-
Adj EPS ⓘ	2.4	4	3.5	5	5.5	1.7	3.1	13.1	13.1	14	13.8
YoY Gr.	-	65.7%	-12.6%	45.7%	9.1%	-70%	89.7%	319.8%	-0.4%	7.1%	-
BVPS (₹) ⓘ	22.4	26.5	29.5	34	38.5	40.9	44.2	57	68.9	82.2	88.6
Adj Net Profit ⓘ	36.5	60.4	53.7	78.5	85.7	25.7	48.8	205	205	220	216
Cash Flow from Ops. ⓘ	152	94.7	121	233	184	104	169	406	348	65	-
Debt/CF from Ops. ⓘ	4.2	7.1	7.2	4.7	5.4	9.6	5.5	1.9	1.8	16.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.9%	16.4%	35.6%	7.8%
Adj EPS ⓘ	21.7%	20.6%	64.8%	7.1%
BVPSⓘ	15.5%	16.4%	23%	19.4%
Share Price	21.5%	21.2%	3.5%	-29.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	9.6	14.1	11.1	14.3	13.5	3.7	6.7	24.1	19.6	17.7	16.1
Op. Profit Mgn % ⓘ	9.3	12.3	12.4	13.6	12.3	11.2	11.7	12.7	11.4	10.7	10.7
Net Profit Mgn % ⓘ	3.2	5.1	4	5.2	4.2	1.6	2.8	5.8	5.1	5.1	5
Debt to Equity ⓘ	1.8	1.7	1.9	2.1	1.7	1.6	1.4	0.9	0.6	0.8	0.2
Working Cap Days ⓘ	123	119	119	141	120	157	172	110	109	110	55
Cash Conv. Cycle ⓘ	52	43	44	49	42	65	63	30	28	33	1

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 35.55%

Net Profit is growing at healthy rate in last 3 years 64.84%

Debt to equity has declined versus last 3 years average to 0.81

Return on Equity has declined versus last 3 years average to 16.10%

Sales growth is not so good in last 4 quarters at 4.85%

Latest Financials - Steel Strips Wheels Ltd.

	Standalone	Consolidated
TTM EPS (₹)	13.8	42.2
TTM Sales (₹ Cr.)	4,299	4,299
BVPS (₹.) ⓘ	88.6	92
Reserves (₹ Cr.) ⓘ	1,375	1,427
P/BV ⓘ	2.33	2.25
PE ⓘ	14.99	4.90

From the Market
52 Week Low / High (₹)	189.00 / 291.00
All Time Low / High (₹)	0.40 / 298.90
Market Cap (₹ Cr.)	3,243
Equity (₹ Cr.)	15.7
Face Value (₹)	1
Industry PE ⓘ	51.1

Management X-Ray of Steel Strips Wheels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

17.56

19.48

13.90

13.88

4.92

4.94

0.00

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

Valuation of Steel Strips Wheels

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Steel Strips Wheels

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,153	1,182	1,330	1,518	2,041	1,563	1,749	3,560	4,041	4,357
Operating Expenses ⓘ	1,045	1,037	1,165	1,318	1,795	1,392	1,546	3,107	3,598	3,892
Manufacturing Costs	120	143	153	173	183	165	190	387	406	437
Material Costs	747	701	798	904	1,304	966	1,099	2,187	2,664	2,836
Employee Cost	87	103	119	136	188	156	153	227	284	358
Other Costs ⓘ	91	89	96	105	121	105	104	307	245	261
Operating Profit ⓘ	108	145	165	200	246	171	204	453	443	465
Operating Profit Margin (%)	9.3%	12.3%	12.4%	13.2%	12.0%	11.0%	11.6%	12.7%	11.0%	10.7%
Other Income ⓘ	21	19	18	13	17	22	16	13	12	16
Interest ⓘ	41	43	51	64	93	89	84	85	84	103
Depreciation ⓘ	38	42	48	53	62	72	72	77	80	90
Exceptional Items ⓘ	0	0	1	0	0	0	0	0	0	0
Profit Before Tax ⓘ	49	79	86	97	109	33	64	304	291	289
Tax ⓘ	9	18	30	22	27	9	15	98	97	69
Profit After Tax	39	61	56	75	82	23	49	205	194	220
PAT Margin (%)	3.4%	5.2%	4.2%	4.9%	4.0%	1.5%	2.8%	5.8%	4.8%	5.0%
Adjusted EPS (₹)	2.6	4.0	3.6	4.8	5.3	1.5	3.2	13.2	12.4	14.0
Dividend Payout Ratio (%)	8%	4%	8%	8%	8%	0%	6%	6%	8%	7%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	395	457	511	582	653	691	742	942	1,130	1,343
Share Capital ⓘ	15	15	16	16	16	16	16	16	16	16
Reserves ⓘ	380	441	496	566	637	675	726	926	1,115	1,327
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	560	597	786	900	851	898	769	683	578	942
Long Term Debt	285	275	391	491	458	442	380	279	161	381
Short Term Debt	275	322	395	410	393	457	389	404	417	561
Trade Payables	121	127	149	325	257	214	412	659	695	600
Others Liabilities ⓘ	130	147	285	368	392	376	454	418	378	360
Total Liabilities ⓘ	1,207	1,329	1,732	2,176	2,153	2,179	2,377	2,702	2,781	3,245
Fixed Assets
Gross Block	871	1,076	1,163	1,496	1,856	1,904	1,923	2,099	2,166	2,363
Accumulated Depreciation	329	371	419	466	526	598	663	739	818	906
Net Fixed Assetsⓘ	542	705	745	1,029	1,329	1,307	1,259	1,360	1,349	1,457
CWIP ⓘ	154	52	352	323	53	85	109	97	163	346
Investmentsⓘ	0	0	0	0	0	0	0	0	4	9
Inventories	138	148	177	266	338	329	496	647	734	697
Trade Receivables	164	169	205	313	194	210	257	392	349	440
Cash Equivalents	100	122	121	131	121	92	53	58	44	31
Others Assetsⓘ	109	133	133	114	118	156	201	148	139	265
Total Assets ⓘ	1,207	1,329	1,732	2,176	2,153	2,179	2,377	2,702	2,781	3,245

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	152	95	121	233	184	104	169	406	348	65
PBT ⓘ	49	79	86	98	109	32	64	301	291	289
Adjustment ⓘ	65	67	84	113	148	152	144	154	152	183
Changes in Working Capital ⓘ	44	-48	-29	45	-47	-72	-25	-2	-48	-345
Tax Paid ⓘ	-7	-4	-20	-22	-27	-9	-15	-46	-48	-62
Cash Flow From Investing Activity ⓘ	-34	-91	-375	-299	-80	-69	-37	-154	-128	-370
Capex	-46	-112	-388	-305	-81	-77	-49	-165	-136	-381
Net Investments	0	0	0	0	0	0	0	0	-4	-5
Others ⓘ	12	21	13	6	0	8	12	11	12	16
Cash Flow From Financing Activityⓘ	-63	18	253	76	-113	-64	-171	-248	-234	292
Net Proceeds from Shares ⓘ	0	0	16	2	23	-21	0	0	1	1
Net Proceeds from Borrowing ⓘ	-39	42	217	145	-33	4	2	-174	-118	265
Interest Paid ⓘ	-38	-35	-50	-70	-97	-92	-84	-85	-83	-103
Dividend Paid ⓘ	-4	-3	-3	-6	-8	-8	0	-3	-12	-16
Others ⓘ	18	14	73	4	2	53	-89	15	-21	144
Net Cash Flow ⓘ	55	22	-1	10	-10	-29	-39	5	-14	-13

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	12.06	16.4	12.91	15.21	14.59	3.79	7.42	26.04	19.71	18.58
ROCE (%)	9.25	11.87	11.33	10.86	12.39	7.44	9.01	23.5	22.06	19.27
Asset Turnover Ratio	1.07	1.04	0.97	0.8	0.94	0.72	0.77	1.4	1.47	1.45
PAT to CFO Conversion(x)	3.9	1.56	2.16	3.11	2.24	4.52	3.45	1.98	1.79	0.3
Working Capital Days
Receivable Days	54	46	46	61	45	47	49	33	33	33
Inventory Days	39	40	40	52	54	78	86	59	62	60
Payable Days	59	65	63	96	82	89	104	89	93	83

Steel Strips Wheels Ltd Stock News

Steel Strips Wheels Ltd FAQs

What is the share price of Steel Strips Wheels?

Company share prices are keep on changing according to the market conditions. The closing price of Steel Strips Wheels on 21-Nov-2024 16:59 is ₹201.2.

What is the market cap of Steel Strips Wheels?

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 21-Nov-2024 16:59 the market cap of Steel Strips Wheels stood at ₹3,242.9.

What is the P/E ratio of Steel Strips Wheels?

The latest P/E ratio of Steel Strips Wheels as of 21-Nov-2024 16:59 is 14.99.

What is the P/B ratio of Steel Strips Wheels?

The latest P/B ratio of Steel Strips Wheels as of 21-Nov-2024 16:59 is 2.33.

What is the 52-week high and low of Steel Strips Wheels?

The 52-week high of Steel Strips Wheels is ₹291.0 and the 52-week low is ₹189.0.

What is the TTM revenue of Steel Strips Wheels?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steel Strips Wheels is ₹4,299 ( 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: