Steel Strips Wheels
- Market cap
- ₹ 7,376 Cr.
- P/E
- 25.1x
- P/B
- 3.4x
- 52-week range
- 169 – 558.7
- ROE
- 12%
- ROCE
- 16%
- Dividend yield
- 0.4%
- Debt / equity
- 0.46
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
Steel Strips Wheels Limited is an India-based company. The Company is engaged in the business of manufacturing Steel Wheel rims and Alloy wheels rims, Aluminum Steering Knuckle. The Company's products include Steel Wheels, and Alloy Wheels. Its products under the Steel wheels category include tubeless, multi-piece, high vent wheels, semi-full face and weight-optimized (flow formed). It provides steel wheels and alloy wheels for Two and Three-Wheelers, Car, and Multipurpose Utility Vehicle (MUV) Wheels, Commercial Vehicle Wheels, High-Speed Trailer and Caravan Wheels, Tractor Wheels, and others. Alloy wheels are made of an alloy of light metals like aluminum, nickel, magnesium, or a combination of these metals. The Company operates primarily in India and has a presence in international markets as well. The Company has manufacturing facilities at Dappar (Punjab), Oragadam (Tamil Nadu), Jamshedpur (Jharkhand), Mehsana (Gujarat) and Saraikela (Jharkhand).
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →Steel Strips Wheels against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)25.1 against a typical 26.6: cheaper than most peers (1st = cheapest).71st of 153
- Sales growth+60.7% against a typical +20.7% from a year earlier.10th of 142
- Profit growth+205.1% against a typical +15.3% from a year earlier.11th of 127
- Share price, 3 months+78.3% against a typical −4.5%.2nd of 142
- Size₹ 7,375.6 Cr. market value against a typical ₹ 728 Cr. (1st = largest).28th of 138
Latest announcements
Exchange filings and their impact on the company.
- Blockbuster Q2 with profit tripling YoY plus Rs 1400 cr greenfield expansion for alloy and steel wheels.
Steel Strips Wheels reported very strong Q2 FY27 with consolidated revenue of Rs 1929.9 crore and net profit of Rs 116.9 crore, up sharply from last year, and H1 profit of Rs 186.4 crore already matching last full year. The board declared an interim dividend of Rs 1.50 per share with record date 30 October 2026. It also approved a Rs 1400 crore greenfield plant at Chhatrapati Sambhajinagar for alloy wheels, steel wheels and a hot stamping line over 60 months, funded by debt and internal accruals to meet rising customer demand.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA-; IND A1+ | Stable | 18 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 18 Feb 2026 | Reaffirmed | IND AA- | — | India Ratings | ₹ 1,616.5 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 23 Oct 2026 | Financial Results/Dividend | Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations, 2015 ), we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 23rd day of October, 2026, inter alia, to:1. Consider and approve the Un-Audited Standalone and Consolidated Financial Results of the Company for the quarter and six months ended September 30, 2026;2. Consider the declaration of Interim Dividend, if any, for the financial year 2026-27. |
| 15 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 29 May 2026 | Financial Results/Dividend | SSWL : 29-May-2026 : The Company has informed the Exchange that a Board meeting to be held on May 26, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 29, 2026, To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 26 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 22 Jan 2026 | Financial Results | To consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter and period ended December 31, 2025. |
| 12 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,110 | 1,069 | 1,025 | 1,095 | 1,075 | 1,234 | 1,187 | 1,201 | 1,321 | 1,475 | 1,510 | 1,930 |
| Expenses | 994 | 958 | 911 | 975 | 956 | 1,099 | 1,065 | 1,089 | 1,193 | 1,325 | 1,348 | 1,695 |
| Operating Profit | 117 | 111 | 114 | 120 | 118 | 135 | 122 | 112 | 128 | 149 | 162 | 235 |
| OPM % | 11% | 10% | 11% | 11% | 11% | 11% | 10% | 9% | 10% | 10% | 11% | 12% |
| Other Income | 2 | 7 | 4 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 3 |
| Interest | 25 | 28 | 31 | 30 | 26 | 29 | 29 | 32 | 32 | 31 | 32 | 35 |
| Depreciation | 22 | 23 | 25 | 25 | 25 | 26 | 30 | 31 | 33 | 35 | 37 | 44 |
| Profit before tax | 71 | 68 | 62 | 67 | 70 | 83 | 66 | 53 | 66 | 87 | 96 | 159 |
| Tax % | 16% | 11% | 25% | 26% | 26% | 26% | 24% | 27% | 25% | 26% | 26% | 25% |
| Net Profit | 60 | 60 | 46 | 50 | 52 | 62 | 50 | 39 | 49 | 64 | 72 | 119 |
| EPS in Rs | 3.79 | 3.85 | 2.94 | 3.2 | 3.3 | 3.93 | 3.18 | 2.45 | 3.13 | 4.1 | 4.55 | 7.55 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 16%
- 5 Years
- 24%
- 3 Years
- 9%
- TTM
- 33%
- 10 Years
- 13%
- 5 Years
- 33%
- 3 Years
- 1%
- TTM
- 50%
- 10 Years
- 23%
- 5 Years
- 25%
- 3 Years
- 26%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 17%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Steel Strips Wheels | ₹ 528.90 | ₹ 7,376 Cr. | 25.1x | 3.4x | 12% | — |
| JSW Steel | ₹ 1,187.00 | ₹ 2,90,275 Cr. | 41.6x | 3x | — | 14.8% |
| Lloyds Metals And Energy | ₹ 1,780.40 | ₹ 1,00,195 Cr. | 27.8x | 7.6x | 36.2% | 22.4% |
| Jindal Steel | ₹ 1,012.00 | ₹ 1,04,634 Cr. | 25.9x | 2.1x | 6.9% | 6.3% |
| Jindal Stainless | ₹ 684.00 | ₹ 56,394 Cr. | 18.8x | 3.1x | 17.5% | 7.4% |
| Welspun Corp | ₹ 2,402.00 | ₹ 63,363 Cr. | 25.9x | 4.6x | 19.4% | 9.7% |
Management
- Rahul Kumar
- Chief Financial Officer
- Kanika Sapta
- Compliance Officer, Company Secretary
- Dheeraj Garg
- Managing Director, Executive Director
- Manohar Lal Jain
- Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.