Steel Strips Wheels Limited – Attractive Valuations

Thanks for sharing Tarun.

One additional detail which was conveyed by the management during the concall was that the effective tax rate of the company will come down from current 33℅ odd to 25℅ in FY25. This is expected to have a positive impact on the EPS from FY25 onwards.

To put it in nos -Q2FY24 EPS would have translated to Rs. 3.80 from current Rs. 3.34 due to such reduction in tax rate – resulting into an EPS growth of 13℅

Thanks,
Souvik
Disc: Invested