01 Feb 2025

Steel Strips Wheels Shares Surge; Records 7.54% YoY Growth in Net Turnover

Steel Strips Wheels is currently trading at Rs 198.20, up by 4.70 points or 2.43% from its previous closing of Rs 193.50 on the BSE.

The stock opened at Rs 194.00 and has touched a high of Rs 200.00 and a low of Rs 194.00 so far. A total of 8,289 shares have been traded on the counter.

The BSE group 'B' stock, with a face value of Rs 1, recorded a 52-week high of Rs 281.00 on 06-Feb-2024 and a 52-week low of Rs 171.05 on 27-Jan-2025. Over the past week, the stock has fluctuated between Rs 200.00 and Rs 171.05. The company's current market capitalization stands at Rs 3,110.34 crore.

The promoter holding in the company is 60.98%, while Institutions and Non-Institutions hold 11.69% and 27.33%, respectively.

Steel Strips Wheels (SSWL) reported a monthly net turnover of Rs 409.16 crore in January 2025, compared to Rs 380.47 crore in January 2024, marking a Year-on-Year (YoY) growth of 7.54%. The company also achieved a gross turnover of Rs 500.42 crore in January 2025, up from Rs 468.59 crore in January 2024, reflecting a 6.79% YoY growth.

SSWL specializes in manufacturing single-piece steel wheel rims for scooters, passenger cars, utility vehicles, and tractors. It supplies rims to major manufacturers of two-wheelers, three-wheelers, four-wheelers, tractors, and heavy commercial vehicles.