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Steel Strips Wheels
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Steel Strips Wheels (SSWL), a part of the multifaceted Steel Strips Group, has the accumulated experience of the group behind it. The other companies of the Group are Steel Strips (the flagship company of the Group), Steel Strips & Tubes, S A Builders and Indian Acrylics. The Company is a leading manufacturer of Automotive Wheel rims.
SSWL started commercial production from 1991. The company is armed with the latest know-how, manufacturing automobile wheel rims (cap. : 1.8 mln) at its state-of-the-art manufacturing unit at Chandigarh.
The company introduced for the first time in the country - Cathodic Electro Deposition to its product range. Its surface coating plant has been supplied, erected and commissioned by a leading company from the US. The Rim Line unit has been supplied by Hess Engineering, US, and the paint shop has been supplied by George Koch Sons, US.
SSWL's main clients are Maruti Udyog (MUL), Mahindra & Mahindra, Bajaj Tempo, etc. The company is striving to achieve the ISO 9000 certification.
The commercial production of new wheels for Honda Siel Car was started in the year 1997-98.The technical collaboration with Ring Tech Co Ltd was for a period of 3 years.
The modernization cum expansion programme to enhance the installed capacity which was started in the year 1998-99 is at the completing stage and programme is likely to be completed in September 2001.
In the year 1999-2000, the company has tied up technology with Japanese technical consultants relating to process and product quality control, reduce rejection substantially from the present level, upgrade product quality assurance systems, impart advance training in wheel and die design and technical assistance to staff for procurment of equipments.
During year 2003-04, the Company designed and developed wheels for new models of Cars, MUV's, Scooters and Tractors including, INDIGO/ROVER, 207-DI, WAGON RVXI, MODEL-E, GALAXY, TRACTOR FRONT WHEEL and TRACTOR REAR WHEEL. It also commenced mass production of wheels like BOLERO/SCORPIO, CAMPER/SAVARI, SINGLE CAB, HONDA-LQ.
The Company commenced mass production of Maruti's Model-K (swift) wheel in FY 2004-05. It completed its modernization cum expansion plan to increase its installed capacity to 7.5 Million Wheels per annum including for LCV Wheels during FY 2006-07. It set up a new plant for manufacturing wheel rims for passenger cars and MUVs at Oragadam near Chennai in Tamil Nadu with installed capacity of 3 million in FY 2007-08. It commenced commercial production at Oragadam plant (near Chennai) Tamil Nadu with installed capacity of 2.50 million Wheel Rims in FY 2008-09.
The Company's new Truck Wheel Rims Facility at Jamshedpur commenced its commercial production during the year 2010-11. The Company added additional capacity at its Dappar plant. With this, the total installed capacity results enhanced from 7.50 million wheel Rims to 9.00 million wheel rims p.a. during FY 2010-11.
The Second phase expansion at the Oragadam unit of the company was completed during the year 2011-12, which had started the commercial production. With this, the total installed manufacturing capacity of Oragadam unit of the Company increased from 2.5 million to 6 million wheel rims p.a. With the commissioning of Jamshedpur unit, setting up of additional line at Dappar and expansion of Oragadam unit of the company, the total installed capacity of the company has increased to 16 million wheel rims per annum during FY 2011-12.
During the year 2015-16, the manufacturing capacity of Jamshedpur plant of the Company has enhanced from 1 million wheel rims to 1.60 million wheel rims p.a. The said additional capacity of 0.60 million commenced its Commercial Production w.e.f 1st October, 2015. As a result, the total installed capacity of the Company comprising of Jamshedpur, Dappar and Chennai Plant increased from 16 million to 16.60 million wheel rims p.a.
The Company had also put up a high-tech Steel Processing Unit named 'Ute Mayr Steel Service Centre' at Dappar unit (Punjab) of the Company, for Steel Pickling, Slitting and Cut to Length with a monthly processing capacity of 20,000 Ton Steel. With the setting up of high-tech Steel, the said Steel Processing Unit has commenced its commercial production w.e.f. 31st March, 2016.
Steel Strips Wheels share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Steel Strips Wheels indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Steel Strips Wheels is valued compared to its competitors.
Steel Strips Wheels PE ratio helps investors understand what is the market value of each stock compared to Steel Strips Wheels 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Steel Strips Wheels evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Steel Strips Wheels generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Steel Strips Wheels in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Steel Strips Wheels shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Steel Strips Wheels compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Steel Strips Wheels over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Steel Strips Wheels helps investors get an insight into when they can enter or exit the stock. Key components of Steel Strips Wheels Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Steel Strips Wheels shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Steel Strips Wheels ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Steel Strips Wheels provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Steel Strips Wheels highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Steel Strips Wheels .
The balance sheet presents a snapshot of Steel Strips Wheels ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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