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Steel Strips Wheels Ltd dividend

Steel Strips Wheels Ltd dividend

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Steel Strips Wheels Ltd

NSE: SSWL

DPS

1

Last updated : FY 2023

Key Highlights

    The Dividend per Share of Steel Strips Wheels Ltd is ₹ 1 as of 2023 .a1#The Dividend Payout of Steel Strips Wheels Ltd changed from 7.57 % on March 2019 to 8.08 % on March 2023 . This represents a CAGR of 1.31% over 5 years. a1#The Latest Trading Price of Steel Strips Wheels Ltd is ₹ 225.1 as of 23 May 10:57 .a1#The Market Cap of Steel Strips Wheels Ltd changed from ₹ 2521 crore on March 2022 to ₹ 2314 crore on March 2023 . This represents a CAGR of -4.18% over 2 years. a1#The Revenue of Steel Strips Wheels Ltd changed from ₹ 1016 crore to ₹ 1111 crore over 7 quarters. This represents a CAGR of 5.29% a1#The EBITDA of Steel Strips Wheels Ltd changed from ₹ 109.33 crore to ₹ 118.25 crore over 7 quarters. This represents a CAGR of 4.58% a1#The Net Profit of Steel Strips Wheels Ltd changed from ₹ 48.13 crore to ₹ 59.41 crore over 7 quarters. This represents a CAGR of 12.79% a1#

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Share Price Vs Dividend Yield

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Fundamental Metrics

Market Cap

3,327 Cr

EPS

13.1

P/E Ratio (TTM) *

16.1

P/B Ratio (TTM) *

2.8

DTE *

0.7

ROE *

15.6

ROCE *

18.2

Dividend Yield *

0.68

DPS *

1

Dividend Payout *

8.08

Ann.Dividend % *

100

* All values are consolidated

* All values are consolidated

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Dividend Payout Over Time

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Dividend Payout Over Time

Period
Mar '198
Mar '200
Mar '216
Mar '226
Mar '238

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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Steel Strips Wheels Ltd

NSE: SSWL

PRICE

225.1

1.75(0.78%)

stock direction

Last updated : 23 May 10:57

SWOT Analysis Of Steel Strips Wheels Ltd

Strength

0

S

Weakness

1

W

Opportunity

0

O

Threats

1

T

Dividend Overview for Steel Strips Wheels Ltd

  • Steel Strips Wheels Ltd, boasts of a market capitalization of Rs 3328 Cr., with a share price of Rs 225.10 as of 23 May 10:57. While all stocks don't consistently pay dividends, Steel Strips Wheels Ltd rewarded its shareholders, distributing 8.1 % for the full year.
  • In the year ending 2022, Steel Strips Wheels Ltd declared a dividend of Rs 4, resulting in a dividend yield of 0.5% Assessing its dividend-paying capacity and valuation is crucial to determine its suitability as a dividend stock.
  • During the year ending 2023, Steel Strips Wheels Ltd recorded revenues of Rs 4293 Cr, with a trailing EBITDA Margin of 11.1% and net-profit of Rs 206 Cr

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Market Cap Over Time

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Market Cap Over Time

Period
Mar '222521
Mar '232315

* All values are a in crore

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Revenue Over Time

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Revenue Over Time

Period
Jun '221016
Sep '221085
Dec '22940
Mar '221012
Jun '231049
Sep '231137
Dec '231112

* All values are a in crore

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EBITDA Over Time

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

EBITDA Over Time

Period
Jun '22109
Sep '22121
Dec '22110
Mar '22115
Jun '23117
Sep '23127
Dec '23118

* All values are a in crore

×

Net Profit Over Time

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Net Profit Over Time

Period
Jun '2248
Sep '2255
Dec '2244
Mar '2247
Jun '2347
Sep '2352
Dec '2359

* All values are a in crore

About Steel Strips Wheels Ltd

About Steel Strips Wheels Ltd

    Steel Strips Wheels (SSWL), a part of the multifaceted Steel Strips Group, has the accumulated experience of the group behind it. The other companies of the Group are Steel Strips (the flagship company of the Group), Steel Strips & Tubes, S A Builders and Indian Acrylics. The Company is a leading manufacturer of Automotive Wheel rims. SSWL started commercial production from 1991. The company is armed with the latest know-how, manufacturing automobile wheel rims (cap. : 1.8 mln) at its state-of-the-art manufacturing unit at Chandigarh. The company introduced for the first time in the country - Cathodic Electro Deposition to its product range. Its surface coating plant has been supplied, erected and commissioned by a leading company from the US. The Rim Line unit has been supplied by Hess Engineering, US, and the paint shop has been supplied by George Koch Sons, US. SSWL's main clients are Maruti Udyog (MUL), Mahindra & Mahindra, Bajaj Tempo, etc. The company is striving to achieve the ISO 9000 certification. The commercial production of new wheels for Honda Siel Car was started in the year 1997-98.The technical collaboration with Ring Tech Co Ltd was for a period of 3 years. The modernization cum expansion programme to enhance the installed capacity which was started in the year 1998-99 is at the completing stage and programme is likely to be completed in September 2001. In the year 1999-2000, the company has tied up technology with Japanese technical consultants relating to process and product quality control, reduce rejection substantially from the present level, upgrade product quality assurance systems, impart advance training in wheel and die design and technical assistance to staff for procurment of equipments. During year 2003-04, the Company designed and developed wheels for new models of Cars, MUV's, Scooters and Tractors including, INDIGO/ROVER, 207-DI, WAGON RVXI, MODEL-E, GALAXY, TRACTOR FRONT WHEEL and TRACTOR REAR WHEEL. It also commenced mass production of wheels like BOLERO/SCORPIO, CAMPER/SAVARI, SINGLE CAB, HONDA-LQ. The Company commenced mass production of Maruti's Model-K (swift) wheel in FY 2004-05. It completed its modernization cum expansion plan to increase its installed capacity to 7.5 Million Wheels per annum including for LCV Wheels during FY 2006-07. It set up a new plant for manufacturing wheel rims for passenger cars and MUVs at Oragadam near Chennai in Tamil Nadu with installed capacity of 3 million in FY 2007-08. It commenced commercial production at Oragadam plant (near Chennai) Tamil Nadu with installed capacity of 2.50 million Wheel Rims in FY 2008-09. The Company's new Truck Wheel Rims Facility at Jamshedpur commenced its commercial production during the year 2010-11. The Company added additional capacity at its Dappar plant. With this, the total installed capacity results enhanced from 7.50 million wheel Rims to 9.00 million wheel rims p.a. during FY 2010-11. The Second phase expansion at the Oragadam unit of the company was completed during the year 2011-12, which had started the commercial production. With this, the total installed manufacturing capacity of Oragadam unit of the Company increased from 2.5 million to 6 million wheel rims p.a. With the commissioning of Jamshedpur unit, setting up of additional line at Dappar and expansion of Oragadam unit of the company, the total installed capacity of the company has increased to 16 million wheel rims per annum during FY 2011-12. During the year 2015-16, the manufacturing capacity of Jamshedpur plant of the Company has enhanced from 1 million wheel rims to 1.60 million wheel rims p.a. The said additional capacity of 0.60 million commenced its Commercial Production w.e.f 1st October, 2015. As a result, the total installed capacity of the Company comprising of Jamshedpur, Dappar and Chennai Plant increased from 16 million to 16.60 million wheel rims p.a. The Company had also put up a high-tech Steel Processing Unit named 'Ute Mayr Steel Service Centre' at Dappar unit (Punjab) of the Company, for Steel Pickling, Slitting and Cut to Length with a monthly processing capacity of 20,000 Ton Steel. With the setting up of high-tech Steel, the said Steel Processing Unit has commenced its commercial production w.e.f. 31st March, 2016.

Steel Strips Wheels Ltd News Hub

News

Board of Steel Strips Wheels recommends Final Dividend

Steel Strips Wheels announced that the Board of Directors of the Company at its meeting he...

Read more

23 May 2024 15:09

News

SSWL records nearly 11x jumps in Q4 PAT

Revenue from operations stood at Rs 1,068.67 crore in Q4 FY24, up 6.34% from Rs 1,004.92 c...

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23 May 2024 15:26

News

Steel Strips Wheels declare Quarterly Result

Steel Strips Wheels will hold a meeting of the Board of Directors of the Company on 23 May...

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16 May 2024 17:10

News

Steel Strips Wheels wins order for supply of aluminum wheels

Steel Strips Wheels has successfully secured a maiden entry as a supplier of aluminum whee...

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16 Apr 2024 11:51

News

SSWL rises on bagging aluminum wheels contract

The company stated that it is in a strategic partnership for supply of aluminum wheels bes...

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16 Apr 2024 13:14

News

SSWL’s net turnover slips 7% YoY in March 2024

The company’s gross turnover fell 8.68% to Rs 415.05 crore in March 2024 from Rs 454.52 cr...

Read more

01 Apr 2024 15:08

FAQs for dividends of Steel Strips Wheels Ltd

What is the current market price of Steel Strips Wheels Ltd Ltd as of May 23, 2024?

The current market price of Steel Strips Wheels Ltd Ltd stands at 225.1 per share.

What dividend did Steel Strips Wheels Ltd declare in the last fiscal year?

In the last fiscal year, Steel Strips Wheels Ltd declared a dividend totaling ₹0.0.

What is the most recent dividend declared by Steel Strips Wheels Ltd?

Steel Strips Wheels Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has Steel Strips Wheels Ltd declared dividends in the current fiscal year

Steel Strips Wheels Ltd has declared dividends 4 times totaling ₹0 in the current fiscal year (FY2023-2024).

How many times did Steel Strips Wheels Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), Steel Strips Wheels Ltd declared dividends 4 times totaling ₹0.
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