480 per cent returns: Multibagger auto components & equipments company bags first exports order for OTR steel wheels for OEM!
The shares of the company have a PE of 19.40x, a ROE of 18.60 per cent and a ROCE of 21.40 per cent.
Steel Strips Wheels Ltd (SSWL) informed that the company has received its first Exports order for OTR wheels for an OEM in the Oceania market. The orders are for 3-wheel sizes and would be executed from next month onwards from the Dappar plant. This marks the entry of SSWL in a new segment and geography which compliments its strategy to increase its presence in the global OEM market of OTR Steel wheels.
Steel Strips Wheels Ltd was incorporated in 1985 and started its operations in 1991. It designs, manufactures, and supplies steel wheel rims and alloy wheels for a wide range of domestic and global automobile makers.
Talking about the financials, the company had a market cap of Rs 3,755 crore with a 3-year stock price CAGR of 80 per cent. Additionally, the company reported positive numbers in its Quarterly Results and annual results.
On Tuesday, shares of SSWL plunged 4.29 per cent to Rs 239.95 per share with an intraday high of Rs 253.95 and an intraday low of Rs 236.90. The stock has a 52-week high of 258.10 and a 52-week low of Rs 126.20.
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The shares of the company have a PE of 19.40x, a ROE of 18.60 per cent and a ROCE of 21.40 per cent. The stock is up by 80 per cent in 2 years and gave multibagger returns of 480 per cent in 3 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.