Steel Strips Wheels Ltd. share price target

Steel Strips Wheels Limited's (SSWL) in 4QFY17 posted revenues of Rs 380 Cr. (up 23% Y-o-Y, up 13% Q-o-Q) led by higher wheels volume growth observed in CVs due to strong pre-buying of BS3 vehicles, Tractors ahead of monsoon as well as consistent growth in passenger vehicles.

BUY Steel Strips Wheels Ltd at Rs. 509 add on Dips to band at Rs. 451-469 for the Sequential Targets Rs. 593-652.

Steel Strips Wheels ltd. (SSWL) is a Chandigarh based company, engaged in designing, manufacturing and marketing of Steel Wheel Rims for Passenger cars, Utility vehicles, 2/ 3 wheelers, Tractors, Light/ Heavy commercial vehicles and OTRs (over the roads). Company has manufacturing capacity of 16.6 million units and manufacturing plants are strategically located at Punjab (Dappar), Tamil Nadu (Oragadam, Chennai) and Jharkhand (Jamshedpur). Some strategic investors invest in SSWL including Tata Steel Ltd, India with 8.26% stake followed by Sumitomo Metal Industries, Japan 5.59%, GS Global, South Korea 2.48% and Kalink, South Korea- 1.30%.Ashika Stock Broking recommend a BUY with a TP of Rs 578.

Trendlyne has 1 report on SSWL updated in the last year from 1 broker with an average target of Rs 578.

Steel Strips Wheels Ltd (SSWL), is incorporated & headquartered at Chandigarh, in the state of Punjab. SSWL is a leading steel wheels manufacturer having production facilities in India catering to steel wheels demand for Original Equipment Manufacturers (OEMs). SSWL is also a supplier to global OEMs & delivers to countries like Japan, Germany, UK, Brazil, Italy etc. Company has installed capacity of about 16.6mn wheels rims at its state of the art manufacturing units across...