Steel Strips Wheels Limited has informed the Exchange about Transcript
SSWL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Steel Strips Wheels reported its highest-ever quarterly sales of INR1,233 crores in Q4 FY25, up 15.5% year-on-year, with Q4 EBITDA growing 21% to INR134.5 crores. Full-year FY25 revenue was largely flat at INR4,429 crores (up 1.7%), but EBITDA grew 4.6% to INR486.8 crores with margins improving 30 basis points to 11%. The company reduced its debt by INR193 crores during the year despite capex, bringing net debt down to INR828 crores. Management guided for 15% revenue growth in FY26 and a 15-25% growth range as the new normal for the next 3 years, with EBITDA per wheel expected to cross INR300 by FY27 versus INR270 currently. They plan INR600 crores of capex over the next 2 years for alloy wheels and knuckles, to be funded entirely from internal accruals.
The strong Q4 print, debt reduction, and forward-looking commentary on double-digit growth and improving EBITDA per wheel (INR300+ by FY27) signal a positive setup for shareholders. The capex plan without incremental debt and rising alloy wheel market share (now 37-38% from 24% three years ago) reinforce confidence in margin and earnings expansion, though the slight FY25 PAT dip due to higher depreciation and finance costs is a near-term watchpoint.