Below are the total numbers of SSWL for Q1FY19 (Apr,May,June-18). I have consolidated the monthly numbers for Q1F19 and I feel Q1FY19 SSWL might have good results as there is visible increase in Volumes & Net revenues and also there is increase in Commercial Wheels, which has good margins compared to others wheels (other than alloy wheels)
Co gave a estimated figures of 40.50 Lacs Quarterly volume sales for Q1FY18-19, by taking monthly sales it looks SSWL made sales close to estimated figure (actual 39.16 Lacs)
But there is no details regarding alloy wheels expect utilization capacity with alloy plant, and there is no sales breakup available. Any way to get details about Alloy wheels sales segment ?
Good Points. Lets see if it is able to up its revenue and thus profitability, then all these negatives could turn to be positives, else as you say it would seem a like a pattern with management.
The operating margins reduced due increase expenses in employee benefit expenses and finance costs, other expense and also there is continuous increase in material cost.
SSWL has bagged Exports order from US Truck & Trailer Aftermarket for its Truck Steel wheels. Order comprises of 76,000 Truck Wheels to be shipped in next 12 months. Total order value is over USD 3.5 Mln.
SSWL achieved total wheel rim sales of 14.14 Lacs Vs 12.39 Lacs in Aug-18 representing a growth of 14% YoY.
ln terms of Value, the company has achieved gross turnover of Rs 217 .77 Crs in August 2018 Vs 153.56 Crs in.August 2017, there by recording a growth of 42% and achieved Net turnover of Rs.166.41 Crs in August 2018 Vs Rs.124.10 Crs in August 2017, recording a growth of 34%
SSWL has been correcting lately. Good price to add?
CV expansion and alloy wheels look to be good revenue and margin triggers.
Came across this interesting article on some website. Have given target of 1520.
SSWL is glad to inform that it has bagged new Exports orders for Caravan wheels & Truck wheels for US and EU Trailer markets. Order comprises of about 100,000 Wheels to be shipped from October until December 2018 with a total value close to USD 3 Mln.
Orders are expected to be repeated in months to come. SSWL has been successful to enter the competitive US Truck/Trailer wheels market and focus is now to establish a strong presence and be a dominant player in coming months. SSWL remains a strong & leading player in the challenging EU Caravan wheels market.
SSWL is operating its truck wheel facility in Chennai at 120 percent utilization and additional capacity of 1 million wheels is expected to be on stream in phases staring in November 2018 to March 2019.
SSWL is glad to inform that it has bagged a new Exports order from OPEL Spain (Group PSA Company) for Steel wheels. Order comprises of more than 650,000 Wheels to be shipped in period of 6 years starting Oct 2019. Total order value is over Euro 6 Mln.
Would like to know whether these constant updates on the new orders received have a significant impact on their sales and margins. Are they able to complete their orders quickly on a regular basis or does it simply just add up to their order book
SSWL is pleased to announce that, SSWL achieved total wheel rim sales of 14.50 Lacs Vs 13.04 Lacs in October 2018 representing a growth of 11% YoY.
In terms of Value, the company has achieved gross turnover of Rs 249.36 Crs in October 2018 Vs 166.85 Crs in October 2017, there by recording a growth of 50% and achieved Net turnover of Rs.204.04 Crs in October 2018 Vs Rs.134.96 Crs in October 2017, recording a growth of 51%.
SSWL ACHIEVED HIGHEST EVER TRUCK WHEEL SALES
SSWL ACHIEVED HIGHEST TRACTOR WHEEL SALES
SSWL ACHIEVED HIGHEST TRUCK WHEEL EXPORTS SALES