Steel Strips Wheels
- P/E
- 37.73
Key Fundamentals
MicrocapAuto ComponentsConsumer DiscretionaryPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 15.90%
- Debt to Equity
- 0.48
- EPS (TTM)
- ₹14.23
- Book Value
- ₹120.62
- Market Cap
- —
- P/E (TTM)
- 37.73
- P/B
- 4.45
- ROE
- 12.20%
- Dividend Yield
- 0.29%
- EBITDA
- ₹513 Cr
- 52W High
- ₹558.70
- 52W Low
- ₹169.00
- Day Range
- ₹509.05 – ₹542.00
- Volume
- 9,52,531
Peer Comparison
Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments
| ₹159.49 | 38.43 | ₹1,68,660 Cr | 3.98 | 0.37% | 11.20% | 13.40% | ₹1,31,135 Cr | ₹4,556 Cr | |
| ₹50,925.00 | 63.56 | ₹1,48,351 Cr | 10.11 | 0.54% | 14.60% | 21.50% | ₹21,088 Cr | ₹2,363 Cr | |
| ₹1,812.80 | 122.74 | ₹86,739 Cr | 7.65 | 0.48% | 12.00% | 12.60% | ₹17,543 Cr | ₹715 Cr | |
| ₹1,196.90 | 57.49 | ₹67,494 Cr | 10.13 | 0.24% | 19.30% | 19.60% | ₹20,725 Cr | ₹1,291 Cr | |
| ₹893.70 | 74.48 | ₹56,293 Cr | 8.70 | 0.38% | 11.70% | 15.10% | ₹4,514 Cr | ₹746 Cr | |
| ₹3,507.20 | 42.47 | ₹55,555 Cr | 8.92 | 0.99% | 20.80% | 27.90% | ₹10,192 Cr | ₹1,292 Cr | |
| ₹2,250.50 | 71.81 | ₹42,644 Cr | 5.62 | 0.16% | 9.95% | 17.10% | ₹23,754 Cr | ₹1,109 Cr | |
| Steel Strips Wheels (this company) | ₹536.90 | 37.73 | ₹8,114 Cr | 4.45 | 0.29% | 12.20% | 15.90% | ₹5,506 Cr | ₹224 Cr |
| Median 8 companies | ₹1,504.85 | 60.53 | ₹61,893 Cr | 8.18 | 0.38% | 12.10% | 16.50% | ₹19,134 Cr | ₹1,200 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 63
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 56
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 68
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 42
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 99
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 34
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
1- Dividend payout has been low at 9.38% of profits over last 3 years
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 2 | 4 | 13 |
| Oscillators | Bullish | 2 | 4 | 3 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Bullish
Overall
Strong Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 70.67
- Bearish
- MACD (12,26,9)
- 37.39
- Bullish
- SMA (50)
- 396.99
- Bullish
- SMA (200)
- 270.32
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +15.98% |
|---|---|
| 5Y | +24.27% |
| 3Y | +8.65% |
| 1Y | +17.02% |
| TTM | +19.95% |
Net profit
| 10Y | +12.72% |
|---|---|
| 5Y | +32.75% |
| 3Y | +1.36% |
| 1Y | −3.81% |
| TTM | +4.67% |
Operating cash flow
| 10Y | +13.29% |
|---|---|
| 5Y | +14.39% |
| 3Y | −1.66% |
| 1Y | −36.10% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −2.46 pp |
|---|---|
| 5Y | −1.80 pp |
| 3Y | −1.10 pp |
| 1Y | −1.14 pp |
| TTM | −0.77 pp |
Revenue by year
| Mar 2017 | ₹1,330 Cr |
|---|---|
| Mar 2018 | ₹1,518 Cr |
| Mar 2019 | ₹2,041 Cr |
| Mar 2020 | ₹1,563 Cr |
| Mar 2021 | ₹1,749 Cr |
| Mar 2022 | ₹3,560 Cr |
| Mar 2023 | ₹4,041 Cr |
| Mar 2024 | ₹4,357 Cr |
| Mar 2025 | ₹4,429 Cr |
| Mar 2026 | ₹5,183 Cr |
Net profit by year
| Mar 2017 | ₹56.00 Cr |
|---|---|
| Mar 2018 | ₹75.00 Cr |
| Mar 2019 | ₹82.00 Cr |
| Mar 2020 | ₹23.00 Cr |
| Mar 2021 | ₹49.00 Cr |
| Mar 2022 | ₹205 Cr |
| Mar 2023 | ₹194 Cr |
| Mar 2024 | ₹220 Cr |
| Mar 2025 | ₹210 Cr |
| Mar 2026 | ₹202 Cr |
AI Analysis — Bull vs Bear
Steel Strips Wheels Ltd is a mid-cap auto components company with a market cap of Rs 3,958 Cr, trading at a PE of 20.9x. The company has delivered strong 5-year sales CAGR of 24% and profit CAGR of 33%, though recent TTM profit growth has turned negative at -4% while sales growth remains healthy at 17%.
- Strong 5-year compounded sales CAGR of 24%, indicating sustained revenue momentum over a business cycle
- Impressive 5-year compounded profit CAGR of 33%, demonstrating operating leverage and margin expansion over the medium term
- Healthy 10-year sales CAGR of 16%, showing the company has consistently grown through multiple economic cycles
- 5-year stock CAGR of 21% reflects meaningful wealth creation for long-term shareholders
- TTM sales growth of 17% suggests top-line momentum remains intact even as broader auto demand normalizes
- 5-year average ROE of 17% indicates efficient capital allocation and above-average return generation
- Price-to-book ratio of 2.31x is reasonable for a company delivering 15%+ ROE on a 3-year average basis
- 10-year stock CAGR of 18% demonstrates long-term compounding ability ahead of broader market indices
- TTM profit growth has turned negative at -4%, indicating margin pressure or rising input costs despite 17% sales growth
- 3-year compounded profit CAGR of just 1% is sharply below the 9% sales CAGR for the same period, suggesting margin compression
- ROE has declined from 17% (5-year average) to 12% in the last year, signaling deteriorating capital efficiency
- Dividend payout has been low at just 9.38% of profits over the last 3 years, limiting cash returns to shareholders
- Dividend yield of only 0.5% offers minimal income cushion during potential market downturns
- 3-year stock CAGR of only 7% suggests the market has already priced in growth concerns and re-rated the stock downward
- 1-year stock CAGR of 0% indicates stagnant price action, reflecting investor uncertainty about near-term earnings trajectory
- PE of 20.9x appears elevated relative to single-digit 3-year profit CAGR of 1%, resulting in a PEG ratio well above 1x
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: SSWL is delivering strong top-line growth with June 2026 sales up nearly 37% YoY, driven by diversified demand across Truck, Tractor, and EV segments. The customs notice of ₹1.37 crore is minor relative to revenues and already provisioned. Overall the trend is improving with robust volume momentum, though regulatory compliance bears watching.
- Customs duty drawback notice Jun 17
SSWL received a Show Cause Notice from Customs Department alleging duty drawback violations worth ₹1.37 crore. The company has already deposited the disputed amounts.
- June sales up 37% YoY Jul 1
SSWL reported net turnover of Rs 479.87 Cr for June 2026, a 36.84% YoY increase. Growth was led by Truck, Tractor, and EV segments.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,044 | 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 |
| Expenses | 931 | 1,009 | 994 | 958 | 911 | 975 | 956 | 1,099 | 1,065 | 1,089 | 1,193 | 1,325 | 1,348 | 1,695 |
| Operating Profit | 113 | 124 | 117 | 111 | 114 | 120 | 118 | 135 | 122 | 112 | 128 | 149 | 162 | 235 |
| OPM % | 11% | 11% | 11% | 10% | 11% | 11% | 11% | 11% | 10% | 9% | 10% | 10% | 11% | 12% |
| Other Income | 4 | 3 | 2 | 7 | 4 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 3 | 3 |
| Interest | 24 | 26 | 25 | 28 | 31 | 30 | 26 | 29 | 29 | 32 | 32 | 31 | 32 | 35 |
| Depreciation | 22 | 22 | 22 | 23 | 25 | 25 | 25 | 26 | 30 | 31 | 33 | 35 | 37 | 44 |
| PBT | 71 | 79 | 71 | 68 | 62 | 67 | 70 | 83 | 66 | 53 | 66 | 87 | 96 | 159 |
| Tax % | 33% | 34% | 16% | 11% | 25% | 26% | 26% | 26% | 24% | 27% | 25% | 26% | 26% | 25% |
| Net Profit | 48 | 52 | 60 | 60 | 46 | 50 | 52 | 62 | 50 | 39 | 49 | 64 | 72 | 119 |
| EPS (₹) | 3.04 | 3.35 | 3.79 | 3.85 | 2.94 | 3.2 | 3.3 | 3.93 | 3.18 | 2.45 | 3.13 | 4.1 | 4.55 | — |
Sep 2026: from the results filed on 23 Oct 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,148 | 1,177 | 1,330 | 1,518 | 2,041 | 1,563 | 1,749 | 3,560 | 4,041 | 4,357 | 4,429 | 5,183 | 5,506 |
| Expenses | 1,041 | 1,031 | 1,165 | 1,318 | 1,795 | 1,392 | 1,546 | 3,107 | 3,598 | 3,892 | 3,942 | 4,672 | 4,955 |
| Operating Profit | 108 | 145 | 165 | 200 | 246 | 171 | 204 | 453 | 443 | 465 | 487 | 511 | 551 |
| OPM % | 9% | 12% | 12% | 13% | 12% | 11% | 12% | 13% | 11% | 11% | 11% | 10% | 10% |
| Other Income | 21 | 19 | 20 | 13 | 17 | 22 | 16 | 13 | 12 | 16 | 13 | 12 | 12 |
| Interest | 41 | 43 | 51 | 64 | 93 | 89 | 84 | 85 | 84 | 103 | 117 | 123 | 127 |
| Depreciation | 38 | 42 | 48 | 53 | 62 | 72 | 72 | 77 | 80 | 90 | 101 | 129 | 135 |
| PBT | 49 | 79 | 86 | 97 | 109 | 33 | 64 | 304 | 291 | 289 | 282 | 271 | 301 |
| Tax % | 19% | 23% | 35% | 23% | 24% | 28% | 23% | 32% | 33% | 24% | 26% | 25% | — |
| Net Profit | 39 | 61 | 56 | 75 | 82 | 23 | 49 | 205 | 194 | 220 | 210 | 202 | 224 |
| EPS (₹) | 2.58 | 4.01 | 3.58 | 4.83 | 5.29 | 1.51 | 3.16 | 13.16 | 12.38 | 14.01 | 13.38 | 12.86 | 14.23 |
| Div. Payout % | 8% | 7% | 8% | 8% | 8% | 0% | 6% | 6% | 8% | 7% | 9% | 12% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 383 | 444 | 496 | 569 | 666 | 682 | 734 | 936 | 1,119 | 1,330 | 1,528 | 1,719 |
| Borrowings | 631 | 674 | 870 | 1,103 | 988 | 1,001 | 937 | 778 | 639 | 1,048 | 828 | 828 |
| Other Liabilities | 170 | 196 | 349 | 489 | 484 | 480 | 690 | 972 | 1,008 | 840 | 994 | 1,254 |
| Total Liabilities | 1,200 | 1,329 | 1,732 | 2,176 | 2,153 | 2,179 | 2,377 | 2,702 | 2,781 | 3,234 | 3,365 | 3,817 |
| Fixed Assets | 542 | 705 | 745 | 1,029 | 1,329 | 1,307 | 1,259 | 1,360 | 1,349 | 1,457 | 1,628 | 1,826 |
| CWIP | 154 | 52 | 352 | 323 | 53 | 85 | 109 | 97 | 163 | 346 | 271 | 142 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 9 | 16 | 16 |
| Other Assets | 504 | 572 | 635 | 823 | 771 | 787 | 1,008 | 1,245 | 1,265 | 1,422 | 1,451 | 1,833 |
| Total Assets | 1,200 | 1,329 | 1,732 | 2,176 | 2,153 | 2,179 | 2,377 | 2,702 | 2,781 | 3,234 | 3,365 | 3,817 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 152 | 95 | 121 | 233 | 184 | 104 | 169 | 406 | 348 | 65 | 518 | 331 |
| Investing | −34 | −91 | −375 | −299 | −80 | −69 | −37 | −154 | −128 | −370 | −192 | −184 |
| Financing | −63 | 18 | 253 | 76 | −113 | −64 | −171 | −248 | −234 | 292 | −354 | −144 |
| Net Cash Flow | 55 | 22 | −1 | 10 | −10 | −29 | −39 | 5 | −14 | −13 | −28 | 3 |
| Free Cash Flow | 106 | −17 | −267 | −75 | 92 | 26 | 120 | 241 | 212 | −316 | 320 | 136 |
| CFO/EBITDA | 147 | 68 | 86 | 127 | 85 | 66 | 90 | 100 | 89 | 27 | 120 | 73 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 52 | 56 | 75 | 35 | 49 | 54 | 40 | 32 | 37 | 40 | 43 |
| Inventory Days | 67 | 77 | 81 | 107 | 95 | 124 | 165 | 108 | 101 | 90 | 95 | 102 |
| Days Payable | 59 | 66 | 68 | 131 | 72 | 81 | 137 | 110 | 95 | 77 | 96 | 108 |
| Cash Conversion Cycle | 60 | 63 | 69 | 51 | 57 | 93 | 82 | 38 | 37 | 49 | 39 | 38 |
| Working Capital Days | −29 | −39 | −45 | −68 | −32 | −27 | −20 | −6 | −7 | −2 | 3 | 10 |
| ROCE % | 9% | 11% | 11% | 10% | 12% | 7% | 9% | 23% | 21% | 19% | 17% | 16% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Steel Strips Wheels insights
62 extracted metrics across FY10–FY27.
Documents
- Q1 FY27 concall · Jul 2026Transcript PPT Recording
- Q1 FY27 concall · Jul 2026Transcript
- Q4 FY26 concall · Jun 2026Transcript PPT Recording
- Q3 FY26 concall · Jan 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025Transcript PPT
- 18 Feb 2026
- 13 Oct 2023
- 18 Jul 2022
- 20 Sep 2021
- 9 Mar 2021
- General announcements 26 Oct 2026
Frequently Asked Questions about Steel Strips Wheels
What does Steel Strips Wheels Ltd do?
Where is Steel Strips Wheels Ltd (SSWL) listed?
Which sector does Steel Strips Wheels Ltd belong to?
What is the PE ratio of Steel Strips Wheels Ltd?
What is the 52-week high and low of Steel Strips Wheels Ltd?
Does Steel Strips Wheels Ltd pay dividends?
What is the Return on Equity (ROE) of Steel Strips Wheels Ltd?
Company Information
**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.
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