Buy Steel Strips Wheels, target price Rs 300: Axis Securities
Steel Strips Wheels with a target price of Rs 300. The current market price of Steel Strips Wheels Ltd. is Rs 213.
Steel Strips Wheels Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3348.87 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 31-03-2024, the company reported a Consolidated Total Income of Rs 1073.47 Crore, down -3.46 % from last quarter Total Income of Rs 1111.99 Crore and up 6.11 % from last year same quarter Total Income of Rs 1011.62 Crore. Company reported net profit after tax of Rs 515.59 Crore in latest quarter.
Promoter/FII Holdings Promoters held 60.98 per cent stake in the company as of 31-Mar-2024, while FIIs owned 5.93 per cent, DIIs 4.1 per cent.
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