Steel Strips Wheels Ltd
Fortune 500 2024
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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)
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)
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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 103 | 84 | 85 | 84 | 89 | 93 | 64 | 51 | 43 | 41 | 41 | 30 | 28 | 20 | 17 | 16 |
| Cash & Bank Balance (INR Cr) | 43 | 44 | 58 | 53 | 92 | 121 | 131 | 121 | 122 | 100 | 46 | 64 | 23 | 27 | 25 | 7 |
| Total Debt (INR Cr) | 1048 | 639 | 778 | 937 | 1001 | 988 | 1103 | 871 | 674 | 631 | 658 | 612 | 505 | 424 | 300 | 235 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.77 | 0.59 | 0.87 | 1.35 | 1.55 | 1.57 | 2.08 | 1.90 | 1.66 | 1.82 | 2.11 | 2.11 | 1.97 | 1.84 | 2.20 | 2.00 |
| 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% |