Steel Strips Wheels Ltd

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Steel Strips Wheels Ltd

₹ 202 -3.80%
29 May - close price
sswlindia.com BSE: 513262 NSE: SSWL
About

**Company Overview **
Steel Strips Wheels Ltd was incorporated in 1985 and started its operations in 1991. It designs, manufactures, and supplies Steel Wheel Rims and Alloy Wheels for a wide range of domestic and global automobile makers. It is Headquarter in Chandigarh. [1]

Key Points

Business Segments
The company is a leading manufacturer of automotive wheel rims for passenger vehicles, heavy commercial vehicles, tractors, OTRs, and 2W & 3W, under 2 categories: [1]

Website BSE NSE
  • Market Cap ₹ 3,172 Cr.
  • Current Price ₹ 202
  • High / Low ₹ 280 / 169
  • Stock P/E 15.7
  • Book Value ₹ 110
  • Dividend Yield 0.62 %
  • ROCE 16.0 %
  • ROE 12.3 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Dividend payout has been low at 5.49% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE Consumer Discretionary BSE 1000

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,005 1,044 1,134 1,110 1,069 1,025 1,095 1,075 1,234 1,187 1,201 1,321 1,475
896 931 1,009 994 958 911 975 956 1,099 1,065 1,089 1,193 1,325
Operating Profit 108 113 124 117 111 114 120 118 135 122 112 128 149
OPM % 11% 11% 11% 11% 10% 11% 11% 11% 11% 10% 9% 10% 10%
7 4 3 2 7 4 3 3 3 3 3 2 3
Interest 23 24 26 25 28 31 30 26 29 29 32 32 31
Depreciation 20 22 22 22 23 25 25 25 26 30 31 33 35
Profit before tax 73 71 79 71 68 62 67 70 83 66 53 66 87
Tax % 35% 33% 34% 16% 11% 25% 26% 26% 26% 24% 27% 25% 26%
47 48 52 60 60 46 50 52 62 50 39 49 64
EPS in Rs 3.02 3.04 3.35 3.79 3.85 2.94 3.20 3.30 3.93 3.18 2.45 3.13 4.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,148 1,177 1,330 1,518 2,041 1,563 1,749 3,560 4,041 4,357 4,429 5,183
1,041 1,031 1,165 1,318 1,795 1,392 1,546 3,107 3,598 3,892 3,942 4,672
Operating Profit 108 145 165 200 246 171 204 453 443 465 487 511
OPM % 9% 12% 12% 13% 12% 11% 12% 13% 11% 11% 11% 10%
21 19 20 13 17 22 16 13 12 16 13 12
Interest 41 43 51 64 93 89 84 85 84 103 117 123
Depreciation 38 42 48 53 62 72 72 77 80 90 101 129
Profit before tax 49 79 86 97 109 33 64 304 291 289 282 271
Tax % 19% 23% 35% 23% 24% 28% 23% 32% 33% 24% 26% 25%
39 61 56 75 82 23 49 205 194 220 210 202
EPS in Rs 2.58 4.01 3.58 4.83 5.29 1.51 3.16 13.16 12.38 14.01 13.38 12.86
Dividend Payout % 8% 7% 8% 8% 8% 0% 6% 6% 8% 7% 9% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 24%
3 Years: 9%
TTM: 17%
Compounded Profit Growth
10 Years: 13%
5 Years: 33%
3 Years: 1%
TTM: -4%
Stock Price CAGR
10 Years: 17%
5 Years: 21%
3 Years: 10%
1 Year: -13%
Return on Equity
10 Years: 14%
5 Years: 17%
3 Years: 15%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 15 15 16 16 16 16 16 16 16 16 16 16
Reserves 383 444 496 569 666 682 734 936 1,119 1,330 1,528 1,719
631 674 870 1,103 988 1,001 937 778 639 1,048 828 828
170 196 349 489 484 480 690 972 1,008 840 994 1,254
Total Liabilities 1,200 1,329 1,732 2,176 2,153 2,179 2,377 2,702 2,781 3,234 3,365 3,817
542 705 745 1,029 1,329 1,307 1,259 1,360 1,349 1,457 1,628 1,826
CWIP 154 52 352 323 53 85 109 97 163 346 271 142
Investments 0 0 0 0 0 0 0 0 4 9 16 16
504 572 635 823 771 787 1,008 1,245 1,265 1,422 1,451 1,833
Total Assets 1,200 1,329 1,732 2,176 2,153 2,179 2,377 2,702 2,781 3,234 3,365 3,817

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
152 95 121 233 184 104 169 406 348 65 518
-34 -91 -375 -299 -80 -69 -37 -154 -128 -370 -192
-63 18 253 76 -113 -64 -171 -248 -234 292 -354
Net Cash Flow 55 22 -1 10 -10 -29 -39 5 -14 -13 -28
Free Cash Flow 106 -17 -267 -75 92 26 120 241 212 -316 320
CFO/OP 147% 68% 86% 127% 85% 66% 90% 100% 89% 27% 120%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 52 52 56 75 35 49 54 40 32 37 40 43
Inventory Days 67 77 81 107 95 124 165 108 101 90 95 102
Days Payable 59 66 68 131 72 81 137 110 95 77 96 108
Cash Conversion Cycle 60 63 69 51 57 93 82 38 37 49 39 38
Working Capital Days -29 -39 -45 -68 -32 -27 -20 -6 -7 -2 3 10
ROCE % 9% 11% 11% 10% 12% 7% 9% 23% 21% 19% 17% 16%

Insights

In beta
Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Operational Capacity - Alloy Wheels
Lakh Units

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Total Operational Capacity - Steel Wheels
Lakh Units
Capacity Utilization - Alloy Wheels
%
Capacity Utilization - Steel Wheels
%
Wheel Sales Volume - Alloy
Lakh Units
Wheel Sales Volume - Steel
Lakh Units
Domestic Market Share - MHCV
%
Domestic Market Share - Tractor
%
EBITDA per Wheel (Weighted Average)
INR
Aluminium Knuckles Sales Volume
Lakh Units
Domestic Market Share - Passenger Vehicles (Steel)
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
62.68% 62.27% 61.91% 60.98% 60.98% 60.98% 60.98% 61.24% 61.15% 61.15% 61.15% 61.15%
5.63% 6.05% 6.07% 5.94% 6.35% 6.56% 6.84% 6.71% 7.91% 8.73% 8.33% 8.22%
1.23% 2.12% 2.68% 4.12% 4.03% 4.79% 4.86% 5.05% 5.27% 4.62% 4.71% 5.08%
0.00% 0.13% 0.13% 0.15% 0.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.45% 29.44% 29.18% 28.82% 28.50% 27.69% 27.34% 27.01% 25.67% 25.51% 25.83% 25.57%
No. of Shareholders 37,45841,78542,92751,04461,21068,05069,06869,33860,82361,66861,11657,836

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Credit ratings

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