Steel Strip Wheels Ltd - Pick Up in Exports Critical for Outperformance
Steel Strips Wheels Ltd (SSWL) Q4FY23 numbers stood below our estimates. Revenue for the quarter was reported at Rs 1,005 Cr (down 5% YoY and up 7%...
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Auto Q4fy23 Preview - Improved Product Mix, Moderation in Rm Costs to Drive Margin Growth
EBITDA margins are expected to expand both YoY/QoQ due to a richer product mix, absorption of price hikes, and marginally lower RM costs.
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Steel Strip Wheels Ltd - Higher Exports to Drive Profitability
Export Outlook: The management is optimistic about achieving export revenue of Rs 600/1,000 Cr in FY24E/FY25E from the current Rs 300 Cr in FY23E.
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Steel Strips Wheels Ltd - Exports Weak; Alloy Wheels to Drive Growth!
While its EBITDA margins stood flat QoQ at 10.8%,they declined by ~350 bps YoY from 14.3% in Q2FY22 and missed our estimate of 12.3% by 144bps.
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Steel Strips Wheels: Well-Placed to Capitalize on Auto Revival; Outlook Remains Positive
We retain our BUY rating on the stock valuing it at 5.5x FY24E EV/EBIDTA arriving at a target price of Rs 1,000/share, (Rs 1,075/ share earlier)...
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