Steel Strips Wheels Ltd. (SSWL) Share Price Hits New 52-Week High

Steel Strips Wheels Ltd. Share Price reached a new 52-week high of Rs 305.75, marking a 2.68% increase today. The market capitalisation stands at Rs 4,681 Cr.

Steel Strips Wheels Ltd. Share Price has achieved a fresh 52-week high, reaching Rs 305.75. The stock saw a 2.68% increase today, closing at Rs 304.9 from a previous close of Rs 296.95. This price action has brought the company's market capitalisation to Rs 4,681 Cr, highlighting its significant presence in the Automobile & Ancillaries sector. Investors are closely monitoring this development as the stock continues to attract attention in the market.

Steel Strips Wheels Ltd. Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 304.9
Previous Close	Rs 296.95
Today's Change	+Rs 7.95 (+2.68%)
Day Open	Rs 299.9
Fresh 52-Week High	Rs 305.75
Day Low	Rs 298
Current Volume	10,906
Turnover	Rs 0.33 crore
Market Capitalisation	Rs 4,681 crore

Steel Strips Wheels Ltd. (SSWL) traded at Rs 304.9. versus the previous close of Rs 296.95, a rise of 2.68%. The stock opened at Rs 299.9, reached Rs 305.75, touched Rs 298. Reported volume was 10,906.

Today, Steel Strips Wheels Ltd. opened at Rs 299.9 and reached a high of Rs 305.75, setting a new 52-week peak. The stock's low for the day was Rs 298, and it closed at Rs 304.9, reflecting a 2.68% increase from the previous close of Rs 296.95. The turnover for the day was Rs 0.33 Cr with a volume of 10,906 shares, indicating moderate trading activity. This price movement underscores the stock's momentum, prompting investors to consider its valuation and financial health.

Steel Strips Wheels Ltd. (SSWL) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 4,681 crore
P/E Ratio	36.34x
P/B Ratio	2.44x
ROE	9.41%
ROCE	12.33%

Steel Strips Wheels Ltd. was valued at a P/E ratio of 36.34x, a P/B ratio of 2.44x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 9.41% and ROCE of 12.33%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Sector and Industry Context

Metric	Value
Sector	Automobile & Ancillaries
Benchmark Scope	same sector
Company P/E Ratio	36.34x
Benchmark Median P/E	18.96x
Benchmark Average P/E	58.35x
Benchmark P/E Range	0x to 3,000.18x
Company P/B Ratio	2.44x
Benchmark Median P/B	2.01x
Company ROE	9.41%
Benchmark Median ROE	7.67%
Company ROCE	12.33%
Benchmark Median ROCE	9.66%
Company Market Capitalisation	Rs 4,681 crore
Benchmark Median Market Cap	Rs 245.62 crore

Steel Strips Wheels Ltd. (SSWL) is classified under sector: Automobile & Ancillaries.

Steel Strips Wheels Ltd. (SSWL) has a P/E ratio of 36.34x, which is above the benchmark median of 18.96x, a difference of +91.67%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Steel Strips Wheels Ltd. (SSWL) has a ROE of 9.41%, which is above the benchmark median of 7.67%, a difference of +22.69%. Steel Strips Wheels Ltd. (SSWL) has a ROCE of 12.33%, which is above the benchmark median of 9.66%, a difference of +27.64%.

Track stocks reaching yearly peaks through the Univest 52-week-high screener. The peer table below provides the company-level comparison.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
TVS Srichakra Ltd.	TVSSRICHAK	3,029.28	36.34	2.44	9.41	12.33
CARRARO INDIA LIMITED	CARRARO	3,015.97	23.85	5.3	17.69	19.27
Divgi Torqtransfer Systems Ltd.	DIVGIITTS	2,944.52	62.32	4.6	15.05	19.01
Sundaram-Clayton Ltd.	SUNCLAY	2,814.74	10.82	2.2	-3.36	3.46
Automotive Axles Ltd.	AUTOAXLES	2,719.32	16.54	2.47	12.66	16.97

Steel Strips Wheels Ltd. (SSWL) has a P/E ratio of 36.34x compared with the displayed peer median of 23.85x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 9.41% compares with a peer median of 12.66% across the companies shown in the table. ROCE stood at 12.33% versus the displayed peer median of 16.97%, providing a capital-efficiency comparison. Steel Strips Wheels Ltd. (SSWL) has a market capitalisation of Rs 4,681 crore. Among the 5 peers shown, 0 have a larger market capitalisation.

Why Investors Are Watching Steel Strips Wheels Ltd.

• Steel Strips Wheels Ltd. Share Price reached a new 52-week high.
• Strong fundamental performance with above-median ROE and ROCE.
• Higher P/E ratio compared to sector median, indicating valuation interest.
• Competitive positioning within the Automobile & Ancillaries sector.

About Steel Strips Wheels Ltd.

Steel Strips Wheels Ltd. is a prominent player in the Automobile & Ancillaries sector, focusing on the manufacturing of steel wheels. The company serves a diverse clientele, including major automotive manufacturers. Its operations are integral to the automotive supply chain, contributing to the production of vehicles across various segments. With a strong market presence and a commitment to quality, Steel Strips Wheels Ltd. continues to be a key player in the industry.

Track Steel Strips Wheels Ltd. Share Price on Univest

Use Steel Strips Wheels Ltd. (SSWL) live share-price page, Univest 52-week-high screener, Univest market blogs to review live stock data, yearly-high lists and related market analysis.

Investors can track the live share price of Steel Strips Wheels Ltd., along with technical indicators, fundamental ratios, shareholding patterns, 52-week levels, and market insights on Univest. Stay informed with the latest data and analysis to make well-informed investment decisions.

Frequently Asked Questions

What is the current share price of Steel Strips Wheels Ltd.?

Ans. The current share price of Steel Strips Wheels Ltd. is Rs 304.9, marking a 2.68% increase today, reaching a new 52-week high of Rs 305.75. The stock moved 2.68% during the session.

How does Steel Strips Wheels Ltd.'s P/E ratio compare to the sector?

Ans. Steel Strips Wheels Ltd.'s P/E ratio is 36.34, which is above the sector median of 18.96, indicating a relatively higher valuation compared to its peers. The company trades at a P/E ratio of 36.34x.

What is the market capitalisation of Steel Strips Wheels Ltd.?

Ans. Steel Strips Wheels Ltd. has a market capitalisation of Rs 4,681 Cr, reflecting its significant presence in the Automobile & Ancillaries sector. The company operates in the Automobile & Ancillaries sector.

How does Steel Strips Wheels Ltd.'s ROE compare to the sector?

Ans. The company's ROE is 9.41%, which is above the sector median of 7.67%, indicating efficient use of shareholder equity. ROE stands at 9.41%. ROCE stands at 12.33%. The relevant peer median ROE is 7.67%.

What is the P/B ratio of Steel Strips Wheels Ltd.?

Ans. Steel Strips Wheels Ltd. has a P/B ratio of 2.44, slightly above the sector median of 2.01, reflecting its valuation relative to book value. The company trades at a P/E ratio of 36.34x.

Which sector does Steel Strips Wheels Ltd. belong to?

Ans. Steel Strips Wheels Ltd. operates in the Automobile & Ancillaries sector, contributing to the automotive supply chain with its steel wheel manufacturing. The stock belongs to the Automobile & Ancillaries sector.

How does Steel Strips Wheels Ltd.'s ROCE compare to the sector?

Ans. The company's ROCE is 12.33%, above the sector median of 9.66%, showcasing its effective capital utilization. ROE stands at 9.41%. ROCE stands at 12.33%. The relevant peer median ROE is 7.67%.

How does Steel Strips Wheels Ltd. compare to its peers?

Ans. Steel Strips Wheels Ltd. holds a strong market position, with a P/E ratio of 36.34, comparable to TVS Srichakra Ltd., and a market cap of Rs 4,681 Cr. Comparable listed companies include TVS Srichakra Ltd., CARRARO INDIA LIMITED, Divgi Torqtransfer.