Steel Strips Wheels Ltd

Steel Strips Wheels Ltd

Fortune 500 2024
+ 9 More
+ 9 More
OVERVIEW
FINANCIALS

About

Steel Strips Wheels Limited is a Chandigarh-based company that engages in the design and manufacturing of steel and alloy automotive wheels. Initially commencing operations with a single plant in Dappar, Punjab, the company has since expanded and now has 5 manufacturing plants spread across the country. The plants focus on the production of high vent and flow formed wheels for both commercial and personal vehicles. SSWL supplies wheels to world-renowned companies such as Nissan, Ford, Fiat, Maruti Suzuki and Jaguar. Since its listing in 2005, the company has partnered with major global players like Tata Steel, Nippon Steel, and Kalink Co. Ltd., who hold minority stakes and provide strategic guidance.

Incorporation Year: 1985
Headquarters: Chandigarh, India
Top Management: Chairman- RK Garg MD-Dheeraj Garg
Industry: Auto Ancillaries
Website: sswlindia.com

Featured In Fortune India Ranking

Fortune 500 India
#429(2024)
#460(2023)
#429(2024)#460(2023)
Ranking Trend Fortune 500 India
Next 500 India
#37(2022)#61(2021)#8(2020)#96(2019)#138(2018)#190(2017)#160(2016)#269(2015)
#37(2022)#61(2021)#8(2020)#96(2019)#138(2018)#190(2017)#160(2016)#269(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
4,862
(INR Cr)
Net Operating Income
4,357
(INR Cr)
Assets
2,544
(INR Cr)
Profit
675
(INR Cr)
Net Worth
1,355
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
4862
19.2%
4078
13.0%
3607
106.3%
1749
9.8%
1593
-24.5%
2108
34.7%
1566
15.9%
1351
12.9%
1197
1.4%
1180
10.3%
1071
10.2%
971
-1.2%
983
47.9%
664
56.8%
424
32.1%
321
-
Net Operating Income
(INR Cr)
4357
7.83%
4041
13.50%
3560
0.00%
1749
11.90%
1563
-23.41%
2041
34.45%
1518
14.15%
1330
12.53%
1182
2.52%
1153
8.37%
1064
9.68%
970
1.33%
957
45.89%
656
56.49%
419
32.14%
317
21.68%
Profit
(INR Cr)
675
248.2%
194
-5.7%
205
317.2%
49
110.0%
23
-71.5%
82
9.7%
75
34.9%
56
-9.0%
61
55.3%
39
61.9%
24
-2.9%
25
-12.9%
29
-3.5%
30
105.2%
15
86.2%
8
-
Assets
(INR Cr)
2544
35.9%
1872
2.4%
1828
2.8%
1778
-0.9%
1795
2.9%
1745
1.3%
1723
16.8%
1476
29.3%
1141
10.1%
1036
0.9%
1027
7.2%
958
17.3%
817
15.1%
709
44.9%
490
20.8%
405
-
Net Worth
(INR Cr)
1355
25.2%
1082
20.3%
899
0.0%
696
8.0%
645
2.6%
629
18.3%
531
15.7%
459
13.0%
406
17.5%
346
11.1%
311
7.5%
290
13.0%
256
11.4%
230
68.9%
136
15.9%
118
18.2%
Employee Cost
(INR Cr)
358
26.2%
284
20.3%
236
54.2%
153
-2.1%
156
-17.1%
188
38.0%
136
15.0%
119
14.6%
104
18.8%
87
15.2%
76
20.8%
63
19.5%
52
46.8%
36
71.6%
21
61.3%
13
-
Interest Cost
(INR Cr)
103848584899364514341413028201716
Cash & Bank Balance
(INR Cr)
434458539212113112112210046642327257
Total Debt
(INR Cr)
104863977893710019881103871674631658612505424300235

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 13.9%4.8%5.7%2.8%1.5%3.9%4.8%4.1%5.1%3.3%2.3%2.6%2.9%4.5%3.4%2.4%
Profit As % Of Assets 26.5%10.4%11.2%2.8%1.3%4.7%4.4%3.8%5.4%3.8%2.4%2.6%3.5%4.2%3.0%1.9%
Profit As % Of Networth 49.8%17.9%22.9%7.1%3.6%13.1%14.1%12.1%15.1%11.4%7.8%8.7%11.2%13.0%10.7%6.6%
Interest Cost to EBITDA % 22.2%18.9%18.9%41.2%51.8%37.6%31.9%30.7%29.6%38.4%41.1%31.3%29.6%23.3%27.8%35.8%
Debt to Equity Ratio 0.770.590.871.351.551.572.081.901.661.822.112.111.971.842.202.00
RONW 21.4%19.6%22.9%7.3%3.7%14.2%15.2%12.9%16.3%12.0%7.0%9.2%11.8%16.3%11.4%7.2%
ROCE 17.4%20.9%21.9%8.5%7.1%12.0%10.4%10.9%11.8%9.2%6.6%6.7%8.6%10.2%9.2%9.1%