Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

Returns 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 in ASM list and too much promoter holding pledged

Red Flags Found

Steel Strips Wheels saw 83% net sales turnover growth in November with the exports segment outperforming seeing 287% growth on a year-on-year basis. We are joined in by Dheeraj Garg, the Managing Director of the company, who talks about their outlook going ahead.

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Dheeraj Garg Shares Biz Outlook For Steel Strips Wheels | Chartbusters | CNBC-TV18

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Dheeraj Garg, Managing Director at Steel Strips Wheels discussed more about the company's plans and the outlook for the business.

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Dheeraj Garg of Steel Strips Wheels shares his views on company's plans

Now the total number of shares pledged has decreased to 2446347, which is 15.67% of total paid up capital of the company.

Steel Strips Wheels updates on status of pledged shares; Stock climbs over 2%

Steel Strip confirmed that orders of similar capacity are anticipated in the coming months as businesses continue to recover rapidly.

Steel Strips Wheels receives export order of $12 million; stock rises over 2%

Steel Strips Wheels on Thursday announced that it has received export orders valued close to $12 million from Western Hemisphere.

Steel Strips Wheels receives export order of $12 million

The company’s gross turnover was at Rs355.73cr in October this year - increasing by 65.83% from Rs214.64cr a year ago the same month.

Steel Strips Wheels garners net turnover of Rs300.6cr in Oct rising by 71% yoy; Stock ends 3% higher

Steel Strips Wheels (SSWL) rose 1.56% to Rs 1830 after the company’s net profit surged 347.93% to Rs 62.80 crore on 136.71% increase in net sales to Rs 958.04 crore in Q2 September 2021 over Q2 September 2020.

SSWL gains after Q2 PAT soars 348% YoY

Steel Strips Wheels standalone net profit rises 347.93% in the September 2021 quarter

On October 20, 2021 100000 shares were released from pledge.

Steel Strips Wheels updates on status of pledged shares; Stock trades higher

Steel Strips Wheels stock touched an intraday high of Rs 1,884, rising 4.96% on BSE

Steel Strips Wheels shares rise 5% on shareholders’ nod to stock split

The shareholders approved the sub-division of a share of the face value of Rs 10 into two shares of Rs 5 each, the company said

Steel Strips Wheels Stock Price Rises After Shareholders Nod To Sub-division Of Shares

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

Returns 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 return on equity 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

News Video

Dheeraj Garg Shares Biz Outlook For Steel Strips Wheels | Chartbusters | CNBC-TV18

News Video

Dheeraj Garg of Steel Strips Wheels shares his views on company's plans

Steel Strips Wheels updates on status of pledged shares; Stock climbs over 2%

Steel Strips Wheels receives export order of $12 million; stock rises over 2%

Steel Strips Wheels receives export order of $12 million

Steel Strips Wheels garners net turnover of Rs300.6cr in Oct rising by 71% yoy; Stock ends 3% higher

SSWL gains after Q2 PAT soars 348% YoY

Steel Strips Wheels standalone net profit rises 347.93% in the September 2021 quarter

Steel Strips Wheels updates on status of pledged shares; Stock trades higher

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

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity 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

News Video

Dheeraj Garg Shares Biz Outlook For Steel Strips Wheels | Chartbusters | CNBC-TV18

News Video

Dheeraj Garg of Steel Strips Wheels shares his views on company's plans

Steel Strips Wheels updates on status of pledged shares; Stock climbs over 2%

Steel Strips Wheels receives export order of $12 million; stock rises over 2%

Steel Strips Wheels receives export order of $12 million

Steel Strips Wheels garners net turnover of Rs300.6cr in Oct rising by 71% yoy; Stock ends 3% higher

SSWL gains after Q2 PAT soars 348% YoY

Steel Strips Wheels standalone net profit rises 347.93% in the September 2021 quarter

Steel Strips Wheels updates on status of pledged shares; Stock trades higher

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

Returns 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 return on equity 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