Share the post "Steel Strips & Wheels Ltd Shareholding Update: An Examination of Financial Performance for FY (Q4-Mar 2023-2024)"
Steel Strips & Wheels Ltd has unveiled its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q4-Mar 2023-2024).This comprehensive report offers a deep dive into the company’s shareholding landscape, including details on Promoters, promoter groups, Foreign investors, public investors, and government entities. Through meticulous comparative analysis, it tracks the evolution of shareholding percentages and quantities, highlighting any shifts in ownership dynamics. Investors gain invaluable insights into the company’s ownership structure and the evolving investment landscape.
Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
---|---|---|---|---|---|
Promoters | 9.72 | 9.57 | 61.91 | 60.98 | -0.93 % |
Public | 4.58 | 4.52 | 29.2 | 28.8 | -0.4 % |
DII | 0.42 | 0.65 | 2.68 | 4.12 | +1.44 % |
FII | 0.95 | 0.93 | 6.07 | 5.94 | -0.13 % |
Government | 0.02 | 0.02 | 0.13 | 0.15 | +0.02 % |
Promoters’ shareholding decreased from 61.91% in December 2023 to 60.98% in March 2024. This reduction indicates that the promoters’ control over Company has weakened during this period.DIIs (Domestic Institutional Investors) shareholding increased from 2.68% in December 2023 to 4.12% in March 2024 , indicating that domestic institutions increased their stake in the company by 1.44% . FIIs (Foreign Institutional Investors) shareholding decreased from 6.07% in December 2023 to 5.94% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .During both December 2023 and March 2024, Government ownership saw a notable increase, rising to 0.15%, indicating a strengthening of the government’s position in the company over this period.
Let’s delve deeper into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
---|---|---|---|---|---|
Sunena Garg | 0.706 | 0.560 | 4.5 | 3.57 | -0.93 % |
Sunena Garg faced a downturn in profitability this quarter, witnessing a decline of -0.93 % in profits compared to the previous quarter. Delving into the underlying factors driving this shift is crucial for charting a path towards sustained financial growth.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Directors and their relatives (excluding independent directors and nominee directors) | 0.027 | 0.023 | 0.17 | 0.15 | -0.02 % |
Key Managerial Personnel | 0.002 | 0.000 | 0.01 | 0 | -0.01 % |
Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 2.231 | 2.156 | 14.21 | 13.74 | -0.47 % |
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.137 | 0.161 | 0.87 | 1.02 | + 0.15 % |
Non Resident Indians (NRIs) | 0.179 | 0.189 | 1.14 | 1.21 | + 0.07 % |
Bodies Corporate | 1.679 | 1.664 | 10.7 | 10.61 | -0.09 % |
PRIYA TOOLS PRIVATE LIMITED | 0.456 | 0.439 | 2.91 | 2.8 | -0.11 % |
Any Other (specify) | 0.096 | 0.097 | 0.61 | 0.62 | + 0.01 % |
Clearing Members | 0.000 | 0.005 | 0 | 0.03 | + 0.03 % |
HUF | 0.074 | 0.070 | 0.47 | 0.44 | -0.03 % |
Bodies Corporate | 1.679 | 0.022 | 10.7 | 0.14 | -10.56 % |
LLP | 0.022 | 0 | 0.14 | 0 | -0.14% |
Observations indicate a sizeable -0.02 % variance in Directors and their relatives (excluding independent directors and nominee directors)’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.01 % variance in Key Managerial Personnel’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.47 % variance in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs lifts the bar with a remarkable 0.15 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Non Resident Indians (NRIs) lifts the bar with a remarkable 0.07 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.09 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -0.11 % variance in PRIYA TOOLS PRIVATE LIMITED’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Spearheading a savvy charge towards increased profitability, Any Other (specify) lifts the bar with a remarkable 0.01 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Spearheading a savvy charge towards increased profitability, Clearing Members lifts the bar with a remarkable 0.03 % enhancement in net profit, revealing adroit resource allocation and sharpened commercial instincts.Observations indicate a sizeable -0.03 % variance in HUF’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.Observations indicate a sizeable -10.56 % variance in Bodies Corporate’s fiscal performance between quarters, necessitating thorough investigation of salient aspects to enable future-proof strategies centered around lasting development.LLP had 0.14% of shares in the previous quarter but exited in the current quarter.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Mutual Funds/ | 0.100 | 0.273 | 0.64 | 1.74 | + 1.1 % |
Alternate Investment Funds | 0.172 | 0.225 | 1.09 | 1.43 | + 0.34 % |
The latest quarter saw a considerable enhancement in profitability for Mutual Funds/, reflecting an uptick of 1.1 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.The latest quarter saw a considerable enhancement in profitability for Alternate Investment Funds, reflecting an uptick of 0.34 % in their net earnings. Such an outcome implies the successful implementation of sound cost optimization techniques and increased income sources, ultimately highlighting the favorable effect of the investor on the corporation’s overall monetary welfare.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Foreign Portfolio Investors Category I | 0.103 | 0.081 | 0.65 | 0.51 | -0.14 % |
Foreign Portfolio Investors Category II | 0.001 | 0.002 | 0 | 0.01 | + 0.01 % |
Profitability dwindled by -0.14 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter. To secure a foundation for prospective sustainable progress, investigating the factors prompting this decline is vital.During this past quarter, there was a noteworthy upswing in profitability for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.01 % in net profit.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Central Government / President of India | 0.021 | 0.024 | 0.13 | 0.15 | + 0.02 % |
In the recent quarter, the government’s shareholding in company experienced a remarkable increase, rising from 0.13% to 0.15%, representing a 0.02 %% surge in its profits compared to the previous quarter. This indicates that the government has increased its control over the company.