Steel Strips Wheels Ltd

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Steel Strips Wheels Ltd

₹ 537 4.75%
04 Nov - 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]It has recently added aluminium steering knuckles[2]

Website BSE NSE
  • Market Cap ₹ 8,421 Cr.
  • Current Price ₹ 537
  • High / Low ₹ 559 / 169
  • Stock P/E 28.7
  • Book Value ₹ 126
  • Dividend Yield 0.28 %
  • ROCE 14.8 %
  • ROE 11.0 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • Dividend payout has been low at 8.25% 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

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,134 1,110 1,069 1,025 1,095 1,075 1,234 1,187 1,201 1,321 1,475 1,510 1,930
1,009 994 959 912 976 957 1,100 1,065 1,089 1,193 1,325 1,347 1,694
Operating Profit 124 117 110 113 119 118 134 122 111 127 150 163 236
OPM % 11% 10% 10% 11% 11% 11% 11% 10% 9% 10% 10% 11% 12%
3 2 478 1 1 0 1 1 1 0 1 1 1
Interest 26 25 28 31 30 26 29 29 32 32 31 32 35
Depreciation 22 22 37 29 28 27 28 32 32 35 37 38 45
Profit before tax 79 71 523 55 62 64 78 61 48 62 83 93 156
Tax % 34% 16% 1% 25% 26% 26% 22% 23% 26% 24% 27% 26% 25%
52 59 516 41 46 48 61 47 36 47 61 69 117
EPS in Rs 3.34 3.79 32.85 2.60 2.94 3.04 3.87 3.01 2.26 2.97 3.87 4.42 7.44
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
3,560 4,041 4,357 4,429 5,183 6,235
3,107 3,598 3,894 3,945 4,673 5,559
Operating Profit 453 443 464 484 510 676
OPM % 13% 11% 11% 11% 10% 11%
13 12 487 3 3 4
Interest 85 84 103 117 123 130
Depreciation 77 80 104 111 136 155
Profit before tax 304 291 743 259 254 395
Tax % 32% 33% 9% 25% 25%
205 194 675 195 190 294
EPS in Rs 13.16 12.38 42.99 12.44 12.10 18.70
Dividend Payout % 6% 8% 2% 10% 12%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: 54%
Stock Price CAGR
10 Years: 24%
5 Years: 25%
3 Years: 25%
1 Year: 137%
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 Sep 2026
Equity Capital 16 16 16 16 16 16
Reserves 936 1,119 1,427 1,610 1,789 1,969
778 639 1,048 828 828 914
972 1,008 802 946 1,198 1,561
Total Liabilities 2,702 2,781 3,293 3,399 3,831 4,459
1,360 1,349 1,628 1,782 1,971 2,023
CWIP 97 163 363 288 154 133
Investments 0 4 4 10 10 11
1,245 1,265 1,298 1,318 1,695 2,292
Total Assets 2,702 2,781 3,293 3,399 3,831 4,459

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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 100% 89% 55% 120% 73%

Ratios

Consolidated / 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 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Alloy Wheel Capacity Utilization
% ・Standalone data

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Alloy Wheel Sales Volume
Lakh Units ・Standalone data
Steel Wheel Capacity Utilization
% ・Standalone data
Steel Wheel Sales Volume
Lakh Units ・Standalone data
Total Wheel Sales Volume
Lakh Units ・Standalone data
Aluminium Knuckles Sales Volume
Lakh Units ・Standalone data
Tractor Wheel Sales Volume
Lakh Units ・Standalone data
LCV/HCV Wheel Sales Volume
Lakh Units ・Standalone data
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

18 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
61.91% 60.98% 60.98% 60.98% 60.98% 61.24% 61.15% 61.15% 61.15% 61.15% 61.15% 61.21%
6.07% 5.94% 6.35% 6.56% 6.84% 6.71% 7.91% 8.73% 8.33% 8.22% 8.60% 8.37%
2.68% 4.12% 4.03% 4.79% 4.86% 5.05% 5.27% 4.62% 4.71% 5.08% 3.15% 1.37%
0.13% 0.15% 0.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29.18% 28.82% 28.50% 27.69% 27.34% 27.01% 25.67% 25.51% 25.83% 25.57% 27.14% 29.03%
No. of Shareholders 42,92751,04461,21068,05069,06869,33860,82361,66861,11657,83659,13367,858

* 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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