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Steel Strips Wheels (NSE:SSWL) Pretax Margin % : 48.94% (As of Mar. 2024)


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What is Steel Strips Wheels Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Steel Strips Wheels's Pre-Tax Income for the three months ended in Mar. 2024 was ₹5,230 Mil. Steel Strips Wheels's Revenue for the three months ended in Mar. 2024 was ₹10,687 Mil. Therefore, Steel Strips Wheels's pretax margin for the quarter that ended in Mar. 2024 was 48.94%.

The historical rank and industry rank for Steel Strips Wheels's Pretax Margin % or its related term are showing as below:

NSE:SSWL' s Pretax Margin % Range Over the Past 10 Years
Min: 2.1   Med: 6.44   Max: 17.06
Current: 17.06


NSE:SSWL's Pretax Margin % is ranked better than
91.54% of 1288 companies
in the Vehicles & Parts industry
Industry Median: 4.47 vs NSE:SSWL: 17.06

Steel Strips Wheels Pretax Margin % Historical Data

The historical data trend for Steel Strips Wheels's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Steel Strips Wheels Pretax Margin % Chart

Steel Strips Wheels Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.10 3.67 8.53 7.21 17.06

Steel Strips Wheels Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.22 6.80 6.95 6.36 48.94

Competitive Comparison of Steel Strips Wheels's Pretax Margin %

For the Auto Parts subindustry, Steel Strips Wheels's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Steel Strips Wheels's Pretax Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Steel Strips Wheels's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Steel Strips Wheels's Pretax Margin % falls into.



Steel Strips Wheels Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Steel Strips Wheels's Pretax Margin for the fiscal year that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (A: Mar. 2024 )/Revenue (A: Mar. 2024 )
=7434.288/43570.954
=17.06 %

Steel Strips Wheels's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=5229.648/10686.724
=48.94 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Steel Strips Wheels  (NSE:SSWL) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Steel Strips Wheels Pretax Margin % Related Terms

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Steel Strips Wheels (NSE:SSWL) Business Description

Traded in Other Exchanges
Address
Madhya Marg, SCO 49-50, Sector 26, Chandigarh, IND, 160 019
Steel Strips Wheels Ltd is an India-based automotive steel wheels manufacturing company. It is engaged in the designing and manufacturing business of Steel wheel rims and Alloy wheel rims catering to different segments of the automobile industry. The company operates in India and has a presence in international markets as well. The group generates the majority of its revenue from India.

Steel Strips Wheels (NSE:SSWL) Headlines

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