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 ₹ 3,350 Cr.
- Current Price ₹ 214
- High / Low ₹ 280 / 169
- Stock P/E 17.6
- Book Value ₹ 109
- Dividend Yield 0.58 %
- 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: | 18% |
| 5 Years: | 23% |
| 3 Years: | 12% |
| 1 Year: | -5% |
| 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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Board Meeting Intimation for Consider And Approve The Audited Standalone And Consolidated Financial Results For The Quarter And Financial Year Ended March31,2026.
Consider And Recommend Final Dividend, If Any, For The FY 2025-26
1d - Board meets May 26, 2026 to approve FY26 audited results and consider final dividend.
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Announcement under Regulation 30 (LODR)-Monthly Business Updates
1 May - SSWL reported April 2026 net turnover of ₹500.85 crore, up 18.09% YoY, with alloy segment at record high.
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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.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2019
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Financial Year 2018
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Jan 2026TranscriptPPTREC
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Jan 2026TranscriptPPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript 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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Feb 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]