Buy Steel Strips Wheels, target price Rs 245: Axis Securities
Steel Strips Wheels with a target price of Rs 245. The current market price of Steel Strips Wheels Ltd. is Rs 229.1.
Steel Strips Wheels Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3466.57 Crore) operating in Auto Ancillaries sector.
Steel Strips Wheels Ltd. key Products/Revenue Segments include Wheel Rims, Duty Drawback, Job Work for the year ending 31-Mar-2023.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1111.99 Crore, down -2.17 % from last quarter Total Income of Rs 1136.68 Crore and up 18.24 % from last year same quarter Total Income of Rs 940.48 Crore. Company reported net profit after tax of Rs 59.54 Crore in latest quarter.
Promoter/FII Holdings Promoters held 61.91 per cent stake in the company as of 31-Dec-2023, while FIIs owned 6.07 per cent, DIIs 2.67 per cent.
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