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NSE:SSWL

STEEL STRIPS WHEELS LTD.

Automobile and Auto Components › Auto Components
₹529.00
at close · 28 Oct 2026
▼ 2.00 (-0.38%)

Latest filings

  1. SSWL shares audio recording of FY27 earnings call · Investor Communications
  2. Interim dividend of Rs 1.50 per share for FY 2026-27 · Compliance
  3. Newspaper publication of September 2026 unaudited financial results · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures steel and aluminium (alloy) wheels, plus aluminium knuckles, supplying Indian auto OEMs and overseas customers. The product mix spans wheels for trucks, tractors, passenger cars, two- and three-wheelers, with alloy wheels accounting for 35% of revenue and premium products (alloy, knuckles, truck and tractor wheels) at about 70% of revenue. In Q1 FY27, revenue was ₹1,509.8 cr (+27% YoY) on EBITDA per wheel of ₹314, against ₹262 in Q1 FY26, with PAT at ₹71.5 cr. The steel wheel business is sold out of capacity industry-wide and SSWL is expanding steel wheel capacity from 24 million to 26 million wheels, while a new Bhuj facility will add 1.2 million alloy wheels and 1.1 million aluminium knuckles, lifting total aluminium wheel capacity to about 6.2 million. Aluminium knuckles, currently running at 100% utilisation, are targeted to nearly double FY27 revenue to ₹110-130 cr from about ₹60 cr in FY26. Exports are recovering after US tariff normalisation, with a ₹600 cr FY27 target, and FY27 capex is set at ₹500-600 cr. Raw materials (steel, aluminium) are the largest cost at 66.8% of FY26 revenue, with employees at 8.3% and other opex at 16.3%.

Operating scale
Q1 FY27 revenue
₹1,509.8 crQ1 FY27
Q1 FY27 EBITDA per wheel
₹314Q1 FY27
Steel wheel capacity (post-expansion)
26 million wheelsQ4 FY27
Aluminium wheel capacity (post Bhuj)
6.2 million wheelsQ4 FY27
Aluminium knuckle capacity (post Bhuj)
1.1 million unitsQ4 FY27
FY27 capex
₹500-600 crFY27
Who pays it
Domestic and global automotive OEMs supplying trucks, tractors, passenger cars, two- and three-wheelers, plus replacement and export markets
Biggest cost
Raw materials (steel and aluminium) at 66.8% of FY26 revenue
Kind of business
Cyclical auto-component manufacturer with structural demand tailwinds in CV, tractor and steel wheels
Where it sits
Leadership in domestic alloy wheels; multi-product wheel supplier across steel, alloy and aluminium knuckle segments
Market Cap
₹8,315 Cr
P / E (TTM)
39.1×
EV / EBITDA
16.5×
Div Yield
0.24%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
17.1%▲
ROCE (FY26)
ROE 10.5% · margin 9.9%
Leverage
0.46·
Debt / Equity · low
Net debt ₹820 Cr
Revenue FY23→FY26
1.3×▲
Margin −1.1 pts
₹4,041 Cr → ₹5,183 Cr
Cash conversion
1.11×▲
Operating cash ÷ profit · 4 yrs
₹1,389 Cr on ₹1,254 Cr
Moves on a normal day
1.32%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#88/119
P/B#81/117
ROCE#70/125
ROE#66/117
Debt / Equity#72/117
EBITDA margin#71/118
Revenue growth#36/113
Profit growth#39/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Over 4 years it reported ₹1,254 Cr of profit and ₹1,389 Cr of operating cash — 1.11×
Profit is converting into cash
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from STEEL STRIPS WHEELS LTD.'s filed financials and exchange disclosures

What does STEEL STRIPS WHEELS LTD. do?

STEEL STRIPS WHEELS LTD. is a Auto Components company listed on NSE and BSE, trading under the symbol SSWL.

Is STEEL STRIPS WHEELS LTD. profitable?

Yes. Over the trailing twelve months STEEL STRIPS WHEELS LTD. reported a net profit of ₹212 Cr on revenue of ₹5,506 Cr.

Does STEEL STRIPS WHEELS LTD. pay a dividend?

Yes. The dividend yield is 0.24% at the current price. It paid out 10% of its profit as dividend in FY26.

Is STEEL STRIPS WHEELS LTD. debt-free?

No. It reported borrowings of ₹826 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹820 Cr after cash. Debt stands at 0.46× equity. That is higher than 61% of its 117 Auto Components & Equipments peers.

Is STEEL STRIPS WHEELS LTD. expensive compared with its peers?

On trailing P/E, STEEL STRIPS WHEELS LTD. ranks 88 of 119 in Auto Components & Equipments — cheaper than 26% of them, against an industry median of 25.3×. This is a position, not a valuation judgement.

How much does the STEEL STRIPS WHEELS LTD. share price move in a day?

On a typical session STEEL STRIPS WHEELS LTD. moves 1.32% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track STEEL STRIPS WHEELS LTD.'s announcements?

Every NSE and BSE filing by STEEL STRIPS WHEELS LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.