appSteel Strips Wheels Ltd
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has been generating better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Steel Strips Wheels Ltd
SSWL
Price Chart
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is less than the intrinsic value
ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD
Stock has been generating better return on equity than bank FD
Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company
Stock doesn't offer attractive dividend returns
Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock
Good time to consider, as stock is not in overbought zone
No Red FlagsASM and GSM lists are measures to safeguard investors against volatility and unjustified stock prices. Pledging holdings means taking loans against held promoter shares. Stocks in ASM/GSM list or with high pledged promoter holding should be handled with caution. Unsolicited tips are sometimes circulated to manipulate the market. Beware of these stocks
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Key MetricsEdit
Forecast & RatingsDetailed Forecast
Analysts have suggested that investors can buy this stock
Company Profile
Steel Strips Wheels Limited is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry.
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Financial TrendFinancial statements
Holdings TrendDetailed holdings
Total Promoter HoldingIncreasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter HoldingLower pledged promoter holdings is considered better
Pledged promoter holdings is insignificant
Mutual Fund HoldingIncreasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock
In last 3 months, mutual fund holding of the company has almost stayed constant
Recent NewsAll news
Steel Strips Wheels inks pact with Redler Technologies, Israel to sell EV controllers
6 days ago•India Infoline
Steel Strips Infrastructures reports consolidated net loss of Rs 2.48 crore in the September 2022 quarter
2 weeks ago•Business Standard
Steel Strips Wheels - Ride On PVs, CVs Upcycle; Poised To Leverage SUV Acceleration: Dolat Capital
3 weeks ago•Bloomberg Quint
Recent EventsAll events
General updates
Steel Strips Wheels Limited has informed the Exchange about Revised Intimation - Grant of Stock Options under "Steel Strips Wheels Limited- Employees Stock Option Scheme, 2021￢ﾀﾝ ('ESOS 2021'). This is in continuation to our letter dated 17.11.2022 vide which we had informed the exchanges that Employee Compensation Committee (ECC) of the Company had granted 5,00,000 stock options on 17.11.2022 to eligible employees of the Company in accordance with "Steel Strips Wheels Limited- Employees Stock Option Scheme, 2021￢ﾀﾝ (ESOS 2021). Each option shall entitle the holder to acquire one (1) equity share of Re. 1/- each of the Company at an exercise price of Rs. 20/- per share. However, in the earlier intimation dated 17.11.2022, it was inadvertently mentioned as Rs. 10/- per share instead of Rs. 20/- per share. Other terms & conditions remains the same. | Download
Steel Strips Wheels Limited has informed the Exchange about Revised Intimation - Grant of Stock Options under "Steel Strips Wheels Limited- Employees Stock Option Scheme, 2021￢ﾀﾝ ('ESOS 2021'). This is in continuation to our letter dated 17.11.2022 vide which we had informed the exchanges that Employee Compensation Committee (ECC) of the Company had granted 5,00,000 stock options on 17.11.2022 to eligible employees of the Company in accordance with "Steel Strips Wheels Limited- Employees Stock Option Scheme, 2021￢ﾀﾝ (ESOS 2021). Each option shall entitle the holder to acquire one (1) equity share of Re. 1/- each of the Company at an exercise price of Rs. 20/- per share. However, in the earlier intimation dated 17.11.2022, it was inadvertently mentioned as Rs. 10/- per share instead of Rs. 20/- per share. Other terms & conditions remains the same. | Download
Press Release
Steel Strips Wheels Limited has informed the Exchange about press release dated 22-Nov-2022 titled ￢ﾀﾜSSWL enters into MOU with Redler Technologies Ltd., Israel for developing, manufacturing and Selling EV Controllers￢ﾀﾝ. Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are enclosing herewith a copy of media release being issued to media titled ￢ﾀﾜSSWL enters into MOU with Redler Technologies Ltd., Israel for developing, manufacturing and Selling EV Controllers￢ﾀﾝ.Kindly take the above on your records please. | Download
Steel Strips Wheels Limited has informed the Exchange about press release dated 22-Nov-2022 titled ￢ﾀﾜSSWL enters into MOU with Redler Technologies Ltd., Israel for developing, manufacturing and Selling EV Controllers￢ﾀﾝ. Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we are enclosing herewith a copy of media release being issued to media titled ￢ﾀﾜSSWL enters into MOU with Redler Technologies Ltd., Israel for developing, manufacturing and Selling EV Controllers￢ﾀﾝ.Kindly take the above on your records please. | Download
Cash Dividend
Final • Div/Share: ₹ 3.75
Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa
Current price is less than the intrinsic value