Steel Strips Wheels Limited (SSWL) - Net Assets
Based on the latest financial reports, Steel Strips Wheels Limited (SSWL) has net assets worth Rs17.11 Billion INR (≈ $185.08 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs34.20 Billion ≈ $369.87 Million USD) and total liabilities (Rs17.09 Billion ≈ $184.79 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SSWL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs17.11 Billion |
| % of Total Assets | 50.04% |
| Annual Growth Rate | 18.82% |
| 5-Year Change | 116.96% |
| 10-Year Change | 254.13% |
| Growth Volatility | 29.91 |
Steel Strips Wheels Limited - Net Assets Trend (2006–2025)
This chart illustrates how Steel Strips Wheels Limited's net assets have evolved over time, based on quarterly financial data. Also explore SSWL asset base for the complete picture of this company's asset base.
Annual Net Assets for Steel Strips Wheels Limited (2006–2025)
The table below shows the annual net assets of Steel Strips Wheels Limited from 2006 to 2025. For live valuation and market cap data, see SSWL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs16.26 Billion ≈ $175.81 Million |
+12.72% |
| 2024-03-31 | Rs14.42 Billion ≈ $155.97 Million |
+27.10% |
| 2023-03-31 | Rs11.35 Billion ≈ $122.71 Million |
+19.21% |
| 2022-03-31 | Rs9.52 Billion ≈ $102.94 Million |
+27.03% |
| 2021-03-31 | Rs7.49 Billion ≈ $81.03 Million |
+7.36% |
| 2020-03-31 | Rs6.98 Billion ≈ $75.48 Million |
+2.38% |
| 2019-03-31 | Rs6.82 Billion ≈ $73.72 Million |
+16.67% |
| 2018-03-31 | Rs5.84 Billion ≈ $63.19 Million |
+7.93% |
| 2017-03-31 | Rs5.41 Billion ≈ $58.55 Million |
+17.93% |
| 2016-03-31 | Rs4.59 Billion ≈ $49.65 Million |
+15.14% |
| 2015-03-31 | Rs3.99 Billion ≈ $43.12 Million |
+9.46% |
| 2014-03-31 | Rs3.64 Billion ≈ $39.39 Million |
+6.37% |
| 2013-03-31 | Rs3.42 Billion ≈ $37.03 Million |
+10.79% |
| 2012-03-31 | Rs3.09 Billion ≈ $33.43 Million |
+9.25% |
| 2011-03-31 | Rs2.83 Billion ≈ $30.60 Million |
+49.63% |
| 2010-03-31 | Rs1.89 Billion ≈ $20.45 Million |
+10.98% |
| 2009-03-31 | Rs1.70 Billion ≈ $18.42 Million |
+11.86% |
| 2008-03-31 | Rs1.52 Billion ≈ $16.47 Million |
+140.10% |
| 2007-03-31 | Rs634.31 Million ≈ $6.86 Million |
+3.28% |
| 2006-03-31 | Rs614.17 Million ≈ $6.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Steel Strips Wheels Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 438231400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs156.93 Million | 0.97% |
| Other Comprehensive Income | Rs17.03 Billion | 104.73% |
| Other Components | Rs3.46 Billion | 21.26% |
| Total Equity | Rs16.26 Billion | 100.00% |
Steel Strips Wheels Limited Competitors by Market Cap
The table below lists competitors of Steel Strips Wheels Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Zhenghong Science and Technology Develop Co Ltd
SHE:000702
|
$361.65 Million |
|
Jupiter Mines Ltd
AU:JMS
|
$361.65 Million |
|
Wonderla Holidays Limited
NSE:WONDERLA
|
$361.70 Million |
|
Digiworld Corp
VN:DGW
|
$361.81 Million |
|
Polisan Holding AS
IS:POLHO
|
$361.51 Million |
|
Standard Biotools Inc
NASDAQ:LAB
|
$361.49 Million |
|
Zhejiang Tuna Environmental Science & Technology Co Ltd
SHG:603177
|
$361.25 Million |
|
John Wiley & Sons B
NYSE:WLYB
|
$361.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steel Strips Wheels Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,422,367,000 to 16,256,801,000, a change of 1,834,434,000 (12.7%).
- Net income of 1,952,845,000 contributed positively to equity growth.
- Dividend payments of 156,929,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,793,132,000.
- Other factors decreased equity by 6,754,614,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.95 Billion | +12.01% |
| Dividends Paid | Rs156.93 Million | -0.97% |
| Other Comprehensive Income | Rs6.79 Billion | +41.79% |
| Other Changes | Rs-6.75 Billion | -41.55% |
| Total Change | Rs- | 12.72% |
Book Value vs Market Value Analysis
This analysis compares Steel Strips Wheels Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 41.49x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs5.13 | Rs212.71 | x |
| 2007-03-31 | Rs5.61 | Rs212.71 | x |
| 2008-03-31 | Rs12.13 | Rs212.71 | x |
| 2009-03-31 | Rs12.65 | Rs212.71 | x |
| 2010-03-31 | Rs13.61 | Rs212.71 | x |
| 2011-03-31 | Rs19.06 | Rs212.71 | x |
| 2012-03-31 | Rs20.32 | Rs212.71 | x |
| 2013-03-31 | Rs22.62 | Rs212.71 | x |
| 2014-03-31 | Rs23.93 | Rs212.71 | x |
| 2015-03-31 | Rs26.12 | Rs212.71 | x |
| 2016-03-31 | Rs29.94 | Rs212.71 | x |
| 2017-03-31 | Rs34.91 | Rs212.71 | x |
| 2018-03-31 | Rs37.49 | Rs212.71 | x |
| 2019-03-31 | Rs42.33 | Rs212.71 | x |
| 2020-03-31 | Rs43.36 | Rs212.71 | x |
| 2021-03-31 | Rs47.95 | Rs212.71 | x |
| 2022-03-31 | Rs60.83 | Rs212.71 | x |
| 2023-03-31 | Rs72.33 | Rs212.71 | x |
| 2024-03-31 | Rs91.92 | Rs212.71 | x |
| 2025-03-31 | Rs103.14 | Rs212.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steel Strips Wheels Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.41%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 2.09x
- Recent ROE (12.01%) is below the historical average (13.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 17.07% | 7.24% | 0.75x | 3.15x | Rs43.42 Million |
| 2007 | 22.12% | 0.00% | 0.00x | 3.85x | Rs76.88 Million |
| 2008 | 10.82% | 0.00% | 0.00x | 2.80x | Rs12.44 Million |
| 2009 | 4.57% | 2.46% | 0.66x | 2.81x | Rs-92.43 Million |
| 2010 | 7.68% | 3.46% | 0.69x | 3.23x | Rs-43.83 Million |
| 2011 | 10.53% | 4.54% | 0.79x | 2.95x | Rs15.11 Million |
| 2012 | 9.31% | 3.00% | 1.00x | 3.10x | Rs-21.45 Million |
| 2013 | 7.31% | 2.88% | 0.80x | 3.17x | Rs-91.96 Million |
| 2014 | 6.68% | 2.53% | 0.81x | 3.25x | Rs-120.95 Million |
| 2015 | 9.88% | 3.78% | 0.87x | 3.01x | Rs-4.65 Million |
| 2016 | 13.33% | 5.58% | 0.83x | 2.89x | Rs152.75 Million |
| 2017 | 13.12% | 5.33% | 0.77x | 3.20x | Rs169.00 Million |
| 2018 | 12.85% | 4.95% | 0.70x | 3.72x | Rs166.66 Million |
| 2019 | 12.08% | 4.04% | 0.95x | 3.16x | Rs141.87 Million |
| 2020 | 3.36% | 1.51% | 0.71x | 3.12x | Rs-463.45 Million |
| 2021 | 6.57% | 2.83% | 0.73x | 3.17x | Rs-256.80 Million |
| 2022 | 21.59% | 5.77% | 1.32x | 2.84x | Rs1.10 Billion |
| 2023 | 17.08% | 4.80% | 1.45x | 2.45x | Rs803.23 Million |
| 2024 | 46.78% | 15.48% | 1.32x | 2.29x | Rs5.30 Billion |
| 2025 | 12.01% | 4.41% | 1.30x | 2.09x | Rs327.16 Million |
Industry Comparison
This section compares Steel Strips Wheels Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $20,558,196,000
- Average return on equity (ROE) among peers: 17.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steel Strips Wheels Limited (SSWL) | Rs17.11 Billion | 17.07% | 1.00x | $361.57 Million |
| Asahi India Glass Limited (ASAHIINDIA) | $12.88 Billion | 11.93% | 2.00x | $2.31 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $937.98 Million |
| Balkrishna Industries Limited (BALKRISIND) | $50.08 Billion | 19.16% | 0.36x | $4.52 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $9.82 Billion | 15.53% | 0.56x | $956.83 Million |
| Bharat Gears Limited (BHARATGEAR) | $393.44 Million | 22.33% | 3.35x | $17.81 Million |
| Bosch Limited (BOSCHLTD) | $47.28 Billion | 23.74% | 0.51x | $11.48 Billion |
| CEAT Limited (CEATLTD) | $5.13 Billion | 28.95% | 2.06x | $1.50 Billion |
| CIE Automotive India Limited (CIEINDIA) | $49.08 Billion | 2.17% | 0.94x | $1.94 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $17.52 Billion | 17.38% | 1.69x | $1.98 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.96 Billion | 12.86% | 0.23x | $238.35 Million |
About Steel Strips Wheels Limited
Steel Strips Wheels Limited engages in the design, manufacture, and sale of automotive wheel rims and other auto components in India and internationally. It offers steel wheels rims, alloy wheel rims, and hot rolling mills for two and three wheelers, passenger cars, multi utility vehicles, tractors, commercial vehicles, and OTR vehicles; trailer and caravan; and aluminium steering knuckle. The co… Read more