Current price is less than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Steel Strips Wheels (SSWL) advanced 2.95% to Rs 164.05 after the company’s net turnover jumped 42.58% to Rs 334.41 crore in December 2022 from Rs 234.54 crore in December 2021.

SSWL gains as net turnover surges 43% YoY in Dec

Steel Strips Wheels (SSWL) gained 1.43% to Rs 167.15 after the company’s net turnover jumped 16.75% to Rs 340.84 crore in November 2022 from Rs 291.93 crore in November 2021.

SSWL rises after net turnover surges 17% YoY in November

SSWL is the world’s leading automotive wheel manufacturer, and it will spearhead the effort to support EV market product penetration.

Steel Strips Wheels inks pact with Redler Technologies, Israel to sell EV controllers

With a market valuation of ₹2,363.51 crore, Steel Strips Wheels Ltd. is a small-cap company that engages in the auto ancillaries industry.

Auto ancillary stock is trading 21% below the high, Board approves stock split

Steel Strips Wheels (SSWL) gained 1.17% to Rs 804.25 after after the company’s net turnover jumped 19.45% to Rs 359.78 crore in September 2022 from Rs 301.21 crore in September 2021.

SSWL rises after net turnover surges 19% YoY in September

With a market worth of Rs. 2,488.40 crores, Steel Strips Wheels Ltd. is a small-cap company that engages in the auto ancillary industry

Board of this auto ancillary stock approves 1:5 stock split: Details here

Broker’s call: Steel Strips Wheels (Buy)

Steel Strips Wheels - Strong Growth Visibility From The Export Market: HDFC Securities

On September 1, 2020, the Ahmedabad bench of the National Company Law Tribunal (NCLT) admitted the company under the Corporate Insolvency Resolution Process (CIRP). On September 21, 2021, the Committee of Creditors (CoC) approved the resolution plan submitted by the Steel Strips Wheel in the absence…

Triton EV approaches Supreme Court to be able to bid for AMW subsidiary

Steel Strips Wheels gained 2.42% to Rs 896.20 after after the company’s net turnover jumped 14.55% to Rs 325.93 crore in August 2022 from Rs 308.09 crore in August 2021.

SSWL rises after net turnover grows 15% YoY in August

The stock surged saw its biggest one-day jump in 11 months, with volumes rising by 40 times the 20-day average volume due to healthy business outlook comments for FY23. Strong demand across water, oil & gas pipes especially on exports for the steel pipes and steel strips business, especially for USA and Canada. DFT manufacturing facility at Gwalior to enhance margins and focus will be to increase the mix of value-added products. To achieve 100% plant utilization levels in FY23. For the consumer durables and lighting business, there will be aggressive channel financing and the focus will be to increase market share in fans and appliances.
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Steel Strips Wheels Limited is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry.

Steel Strips Wheels Ltd

Steel Strips Wheels Ltd

Intrinsic value
Intrinsic 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

ROE vs FD rates
Fixed 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

Dividend Returns
A 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

Entry point
High 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

News & Opinions

SSWL gains as net turnover surges 43% YoY in Dec

SSWL rises after net turnover surges 17% YoY in November

Steel Strips Wheels inks pact with Redler Technologies, Israel to sell EV controllers

Auto ancillary stock is trading 21% below the high, Board approves stock split

SSWL rises after net turnover surges 19% YoY in September

Board of this auto ancillary stock approves 1:5 stock split: Details here

Broker’s call: Steel Strips Wheels (Buy)

Steel Strips Wheels Ltd

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

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

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

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

News & Opinions

SSWL gains as net turnover surges 43% YoY in Dec

SSWL rises after net turnover surges 17% YoY in November

Steel Strips Wheels inks pact with Redler Technologies, Israel to sell EV controllers

Auto ancillary stock is trading 21% below the high, Board approves stock split

SSWL rises after net turnover surges 19% YoY in September

Board of this auto ancillary stock approves 1:5 stock split: Details here

Broker’s call: Steel Strips Wheels (Buy)

Intrinsic value
Intrinsic 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

ROE vs FD rates
Fixed 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

Dividend Returns
A 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

Entry point
High 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