Steel Strips Wheels Ltd

Steel Str. Wheel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Steel Strips Wheels Ltd

₹ 232 0.74%
23 Jun 9:41 a.m.
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 ₹ 3,640 Cr.
  • Current Price ₹ 232
  • High / Low ₹ 280 / 169
  • Stock P/E 19.1
  • Book Value ₹ 115
  • Dividend Yield 0.54 %
  • ROCE 14.8 %
  • ROE 11.1 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Dividend payout has been low at 4.12% 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

Consolidated Figures in Rs. Crores / View Standalone

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
896 932 1,009 994 959 912 976 957 1,100 1,065 1,089 1,193 1,325
Operating Profit 108 113 124 117 110 113 119 118 134 122 111 127 150
OPM % 11% 11% 11% 10% 10% 11% 11% 11% 11% 10% 9% 10% 10%
7 4 3 2 478 1 1 0 1 1 1 0 1
Interest 23 24 26 25 28 31 30 26 29 29 32 32 31
Depreciation 20 22 22 22 37 29 28 27 28 32 32 35 37
Profit before tax 73 71 79 71 523 55 62 64 78 61 48 62 83
Tax % 35% 33% 34% 16% 1% 25% 26% 26% 22% 23% 26% 24% 27%
47 47 52 59 516 41 46 48 61 47 36 47 61
EPS in Rs 3.02 3.03 3.34 3.79 32.85 2.60 2.94 3.04 3.87 3.01 2.26 2.97 3.87
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,560 4,041 4,357 4,429 5,183
3,107 3,598 3,894 3,945 4,673
Operating Profit 453 443 464 484 510
OPM % 13% 11% 11% 11% 10%
13 12 487 3 3
Interest 85 84 103 117 123
Depreciation 77 80 104 111 136
Profit before tax 304 291 743 259 254
Tax % 32% 33% 9% 25% 25%
205 194 675 195 190
EPS in Rs 13.16 12.38 42.99 12.44 12.10
Dividend Payout % 6% 8% 2% 10% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: -3%
Stock Price CAGR
10 Years: 18%
5 Years: 24%
3 Years: 6%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 14%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 16 16 16 16 16
Reserves 936 1,119 1,427 1,610 1,789
778 639 1,048 828 828
972 1,008 802 946 1,198
Total Liabilities 2,702 2,781 3,293 3,399 3,831
1,360 1,349 1,628 1,782 1,971
CWIP 97 163 363 288 154
Investments 0 4 4 10 10
1,245 1,265 1,298 1,318 1,695
Total Assets 2,702 2,781 3,293 3,399 3,831

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
406 348 193 517 332
-154 -128 -365 -196 -186
-248 -234 171 -354 -144
Net Cash Flow 5 -14 -1 -33 1
Free Cash Flow 241 212 -188 326 143
CFO/OP 100% 89% 55% 120% 73%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 40 32 37 40 43
Inventory Days 108 101 90 95 102
Days Payable 110 95 77 96 108
Cash Conversion Cycle 38 37 49 39 38
Working Capital Days -6 -7 -14 -9 -0
ROCE % 21% 17% 15% 15%

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 ・Standalone data

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

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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