Steel Strips Wheels zooms on achieving gross turnover of Rs 260.77 crore in February 2021
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Steel Strips Wheels is currently trading at Rs. 648.55, up by 15.60 points or 2.46% from its previous closing of Rs. 632.95 on the BSE.
The scrip opened at Rs. 638.95 and has touched a high and low of Rs. 648.55 and Rs. 638.00 respectively. So far 980 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 727.15 on 28-Feb-2020 and a 52 week low of Rs. 317.35 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 657.00 and Rs. 615.60 respectively. The current market cap of the company is Rs. 1009.93 crore.
The promoters holding in the company stood at 62.77%, while Institutions and Non-Institutions held 1.34% and 35.89% respectively.
Steel Strips Wheels (SSWL) has achieved gross turnover of Rs 260.77 crore in February 2021 Vs 165.89 crore in February 2020, there by recording a growth of 57.10% YOY (Year on Year) and achieved Net turnover of Rs 214.45 crore in February 2021 Vs Rs.137.77 crore in February 2020, recording a growth of 55.65%.
The company achieved wheel rim sales of 15.22 lakh in February 2021 Vs 12.98 lakh in February 2020 representing a growth of 17 % YoY. Alloy Wheel sales Volume grew by 176% YOY in February 2021. Truck Wheel Sales Volume grew by 81% YOY in February 2021.
SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.
