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Steel Strips Wheels Ltd logo

Steel Strips Wheels Ltd

NSE: SSWL BSE: 513262

210.76

(-0.42%)

Sat, 16 May 2026, 10:13 pm

Steel Strips Wheels Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are thoroughly covered by earnings (7.8x coverage).
  • Dividends per share have been stable in the past 10 years.
  • Steel Strips Wheels's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Steel Strips Wheels's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • Steel Strips Wheels is profitable, therefore cash runway is not a concern.
  • Steel Strips Wheels is profitable, therefore cash runway is not a concern.
  • Steel Strips Wheels's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (159.1% vs 138.9% today).
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Cons

  • Steel Strips Wheels's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Debt is not well covered by operating cash flow (18.8%, less than 20% of total debt).
  • Debt is not covered by short term assets, assets are 0.7x debt.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
  • Steel Strips Wheels's level of debt (138.9%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • Dheeraj's compensation has been consistent with company performance over the past year, both up more than 20%.
  • More shares have been bought than sold by Steel Strips Wheels individual insiders in the past 3 months.
  • The average tenure for the Steel Strips Wheels management team is over 5 years, this suggests they are a seasoned and experienced team.
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Cons

  • The average tenure for the Steel Strips Wheels board of directors is less than 3 years, this suggests a new board.
  • Dheeraj's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Steel Strips Wheels is not covered by any analysts.
    • Steel Strips Wheels has significant price volatility in the past 3 months.

    past

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    Pros

    • Steel Strips Wheels's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
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    Cons

    • Steel Strips Wheels's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • Steel Strips Wheels used its assets less efficiently than the IN Auto Components industry average last year based on Return on Assets.
    • Steel Strips Wheels's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • Steel Strips Wheels has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • Steel Strips Wheels's 1-year earnings growth is negative, it can't be compared to the IN Auto Components industry average.

    value

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    Pros

    • Steel Strips Wheels is good value based on assets compared to the IN Auto Components industry average.
    • Steel Strips Wheels is good value based on earnings compared to the IN Auto Components industry average.
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    Cons

    • Steel Strips Wheels's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • Steel Strips Wheels's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • Steel Strips Wheels is overvalued based on earnings compared to the India market.
    • SSWL underperformed the Auto Components industry which returned -22.4% over the past year.
    • SSWL underperformed the Market in India which returned -14.5% over the past year.
    • NSEI:SSWL is up 3% underperforming the Auto Components industry which returned 13.2% over the past month.
    • NSEI:SSWL is up 3% underperforming the market in India which returned 8% over the past month.

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