Steel Strips Wheels logo

Steel Strips Wheels

SSWL NSE

Key Fundamentals

MicrocapAuto ComponentsAutomobiles
Market Cap
₹5,783 Cr
Volatility
High Risk
P/E Ratio
26.05
EBITDA
₹513 Cr
Return on Equity
10.54%
Debt to Equity
0.48
Book Value
₹109.19
EPS
₹14.49
52W High
₹383.8
52W Low
₹169

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Weaknesses

1
  • Dividend payout has been low at 9.38% of profits over last 3 years

Growth Rate

Revenue Growth
17.01% higher than 3Y
Net Income Growth
-2.61% lower than 3Y
Cash Flow Change
-35.81% lower than 3Y
ROE
-12.24% lower than 3Y
ROCE
-7.76% higher than 3Y
EBITDA Margin (Avg.)
-10% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk medium

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%.

Bull Case 8
  • 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
Bear Case 8
  • 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

Anthropic anthropic claude-opus-4.6 69d ago
Headwinds 1
  • 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.

Positives 1
  • 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.

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.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Expenses
931
1,009
994
958
911
975
956
1,099
1,065
1,089
1,193
1,325
1,348
Operating Profit
113
124
117
111
114
120
118
135
122
112
128
149
162
OPM %
11%
11%
11%
10%
11%
11%
11%
11%
10%
9%
10%
10%
11%
Other Income
4
3
2
7
4
3
3
3
3
3
2
3
3
Interest
24
26
25
28
31
30
26
29
29
32
32
31
32
Depreciation
22
22
22
23
25
25
25
26
30
31
33
35
37
PBT
71
79
71
68
62
67
70
83
66
53
66
87
96
Tax %
33%
34%
16%
11%
25%
26%
26%
26%
24%
27%
25%
26%
26%
Net Profit
48
52
60
60
46
50
52
62
50
39
49
64
72
EPS in Rs
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/OP
147
68
86
127
85
66
90
100
89
27
120
73
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

DIIs3.14%Promot.61.14%FIIs8.60%Others12.25%Public14.87%As ofJun 2026

Documents

Frequently Asked Questions about Steel Strips Wheels

What does Steel Strips Wheels Ltd do?
**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]
Where is Steel Strips Wheels Ltd (SSWL) listed?
Steel Strips Wheels Ltd trades as SSWL on the NSE and under code 513262 on the BSE.
Which sector does Steel Strips Wheels Ltd belong to?
Steel Strips Wheels Ltd is classified under the Consumer Discretionary sector, in the Auto Components industry.
What is the market capitalisation of Steel Strips Wheels Ltd?
Steel Strips Wheels Ltd has a market capitalisation of ₹5,783 Cr, which places it in the Mid Cap band.
What is the PE ratio of Steel Strips Wheels Ltd?
Steel Strips Wheels Ltd trades at a PE ratio of 26.05, on earnings per share of ₹14.49, against a book value of ₹109.19 per share.
What is the 52-week high and low of Steel Strips Wheels Ltd?
Over the last 52 weeks Steel Strips Wheels Ltd has traded between ₹169 and ₹383.8.
Does Steel Strips Wheels Ltd pay dividends?
Steel Strips Wheels Ltd has a dividend yield of 0.40%.
What is the Return on Equity (ROE) of Steel Strips Wheels Ltd?
Steel Strips Wheels Ltd reported a return on equity of 10.54%. Its debt-to-equity ratio is 0.48.

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. [1]

Website sswlindia.com
CEO Mr. Dheeraj Garg
Employees 3,027
Listed 2005-06-06
Face Value ₹ 1
Issued Size 15,71,80,425

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