Steel Strips Wheels Ltd: For good re­turns

Money Times - - Expert Eye - By Vi­hari

(BSE Code: 513262) (CMP: Rs.1016.85) (FV: Rs.10)

Es­tab­lished in 1985, Steel Strips Wheels Ltd (SSWL) is a part of the Steel Strips group head­quar­tered in Chandigarh. It was pro­moted by Ra­jen­dra Garg. Mr. Dheeraj Garg is the Man­ag­ing Direc­tor. It man­u­fac­tures sin­gle piece steel wheel rims in the range of 10-30 inches for pas­sen­ger ve­hi­cles (PVs), multi-util­ity ve­hi­cles (MUVs), trac­tors and trucks, off the road (OTR) ve­hi­cles as well as 2 and 3-wheel­ers. It has a tech­ni­cal col­lab­o­ra­tion with Ring Techs Co. Ltd (a group com­pany of Ja­pan based Su­mit­omo Metal). It is ISO 14001:2004 and OHSAS 18001:2007 cer­ti­fied and soon SA 8000 and ISO/TS-16949:2002 cer­ti­fi­ca­tions are likely.

Most of its plants are lo­cated near sea ports and clients, which gives it a com­pet­i­tive edge. The ca­pac­ity of its 3 plants at Dap­par is 10.2 mil­lion wheels, 6 mil­lion wheels at Ora­gadam and 1.6 mil­lion truck wheels at Jamshedpur to­talling 17.8 mil­lion wheels. Its al­loy wheel rim man­u­fac­tur­ing fa­cil­ity is lo­cated 18 km from Becharaji (Distt. Mehsana, Gu­jarat) where Maruti Suzuki has put up a car man­u­fac­tur­ing fa­cil­ity and ~32 km away from Honda Mo­tor Scooter’s man­u­fac­tur­ing fa­cil­ity and ~60 km away from Tata Mo­tor's and Ford's man­u­fac­tur­ing fa­cil­i­ties. It is ~320 km away from the Adani port, Pi­pavav port and Kandla port. Its Rs.450 crore ex­pan­sion for ini­tial ca­pac­ity of 2.5 mil­lion al­loy wheel rims a year with paint shop fa­cil­ity started in Q4FY18. Its Gu­jarat pro­duc­tion unit which is com­ing up near Maruti

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