Steel Strips Wheels Ltd

Steel Strips Wheels Ltd

₹ 180 -3.91%
23 Jan - close price
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]

  • Market Cap 2,823 Cr.
  • Current Price 180
  • High / Low 280 / 167
  • Stock P/E 14.8
  • Book Value 109
  • Dividend Yield 0.70 %
  • ROCE 15.2 %
  • ROE 12.7 %
  • Face Value 1.00

Pros

Cons

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
938 1,005 1,044 1,134 1,110 1,069 1,025 1,095 1,075 1,234 1,187 1,201 1,321
831 896 932 1,009 994 959 912 976 957 1,100 1,065 1,089 1,193
Operating Profit 108 108 113 124 117 110 113 119 118 134 122 111 127
OPM % 12% 11% 11% 11% 10% 10% 11% 11% 11% 11% 10% 9% 10%
2 7 4 3 2 478 1 1 0 1 1 1 0
Interest 22 23 24 26 25 28 31 30 26 29 29 32 32
Depreciation 20 20 22 22 22 37 29 28 27 28 32 32 35
Profit before tax 68 73 71 79 71 523 55 62 64 78 61 48 62
Tax % 35% 35% 33% 34% 16% 1% 25% 26% 26% 22% 23% 26% 24%
44 47 47 52 59 516 41 46 48 61 47 36 47
EPS in Rs 2.80 3.02 3.03 3.34 3.79 32.85 2.60 2.94 3.04 3.87 3.01 2.26 2.97
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
3,560 4,041 4,357 4,429 4,942
3,107 3,598 3,894 3,945 4,448
Operating Profit 453 443 464 484 494
OPM % 13% 11% 11% 11% 10%
13 12 487 3 3
Interest 85 84 103 117 122
Depreciation 77 80 104 111 127
Profit before tax 304 291 743 259 249
Tax % 32% 33% 9% 25%
205 194 675 195 190
EPS in Rs 13.16 12.38 42.99 12.44 12.11
Dividend Payout % 6% 8% 2% 10%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -2%
TTM: -9%
Stock Price CAGR
10 Years: 18%
5 Years: 25%
3 Years: 9%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: %
3 Years: 17%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 16 16 16 16 16
Reserves 936 1,119 1,427 1,610 1,696
778 639 1,048 828 903
972 1,008 802 946 805
Total Liabilities 2,702 2,781 3,293 3,399 3,420
1,360 1,349 1,628 1,782 1,713
CWIP 97 163 363 288 406
Investments 0 4 4 10 10
1,245 1,265 1,298 1,318 1,291
Total Assets 2,702 2,781 3,293 3,399 3,420

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
406 348 193 517
-154 -128 -365 -196
-248 -234 171 -354
Net Cash Flow 5 -14 -1 -33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 40 32 37 40
Inventory Days 108 101 90 95
Days Payable 110 95 77 96
Cash Conversion Cycle 38 37 49 39
Working Capital Days -6 -7 -14 -9
ROCE % 21% 17% 15%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
62.68% 62.68% 62.27% 61.91% 60.98% 60.98% 60.98% 60.98% 61.24% 61.15% 61.15% 61.15%
5.63% 5.63% 6.05% 6.07% 5.94% 6.35% 6.56% 6.84% 6.71% 7.91% 8.73% 8.33%
0.83% 1.23% 2.12% 2.68% 4.12% 4.03% 4.79% 4.86% 5.05% 5.27% 4.62% 4.71%
0.00% 0.00% 0.13% 0.13% 0.15% 0.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
30.86% 30.45% 29.44% 29.18% 28.82% 28.50% 27.69% 27.34% 27.01% 25.67% 25.51% 25.83%
No. of Shareholders 34,36937,45841,78542,92751,04461,21068,05069,06869,33860,82361,66861,116

* 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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