Steel Strips Wheels Ltd
**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]
- Market Cap ₹ 3,507 Cr.
- Current Price ₹ 223
- High / Low ₹ 280 / 169
- Stock P/E 18.4
- Book Value ₹ 109
- Dividend Yield 0.57 %
- 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 19% |
| 5 Years: | 26% |
| 3 Years: | 12% |
| 1 Year: | 13% |
| 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 |
| Free Cash Flow | 241 | 212 | -188 | 326 |
| CFO/OP | 100% | 89% | 55% | 120% |
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% |
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 |
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| Capacity Utilization - Alloy Wheels % ・Standalone data |
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| Capacity Utilization - Steel Wheels % ・Standalone data |
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| Wheel Sales Volume - Alloy Lakh Units ・Standalone data |
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| Wheel Sales Volume - Steel Lakh Units ・Standalone data |
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| Domestic Market Share - MHCV % ・Standalone data |
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| Domestic Market Share - Tractor % ・Standalone data |
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| EBITDA per Wheel (Weighted Average) INR ・Standalone data |
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| Aluminium Knuckles Sales Volume Lakh Units ・Standalone data |
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| Domestic Market Share - Passenger Vehicles (Steel) % ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
9 Apr - Board approved additional Rs. 3.76 lakh investment in EUPL, raising stake to 5.57% for Chennai wind power.
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Board Meeting Outcome for Outcome Of Board Meeting
9 Apr - Board approved additional Rs. 3.76 lakh investment in EUPL for wind power supply to Chennai plant.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31.03.2026 is enclosed.
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
1 Apr - March 2026: record monthly sales >₹500 Cr; net turnover ₹520.75 Cr, +20% YoY.
- Closure of Trading Window 25 Mar
Annual reports
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Concalls
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Jan 2026TranscriptPPTREC
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Jan 2026TranscriptAI SummaryPPT REC
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Nov 2025Transcript PPT
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Jan 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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Jul 2023TranscriptAI SummaryPPT
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Jun 2023Transcript PPT
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Oct 2022TranscriptPPT
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Jul 2022TranscriptPPT
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May 2022TranscriptPPT
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Mar 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Jan 2022TranscriptAI SummaryPPT
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Sep 2016TranscriptAI SummaryPPT
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Sep 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
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Mar 2016TranscriptAI SummaryPPT
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]