MarketFriction

Steel Strips Wheels Ltd

NSE SSWL · BSE 513262 · Auto Components & Equipments
₹390.80 -4.24%
NSE close2026-10-01
52 week range169.00 - 413.75
Market cap₹6,301 Cr.
P/E28.2
Price band 20% Delivery 31.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1341,1101,0691,0251,0951,0751,2341,1871,2011,3211,4751,510
Expenses1,0099949589119759561,0991,0651,0891,1931,3251,348
Operating Profit124117111114120118135122112128149162
OPM %11%11%10%11%11%11%11%10%9%10%10%11%
Other Income327433333233
Interest262528313026292932323132
Depreciation222223252525263031333537
Profit before tax797168626770836653668796
Tax %34%16%11%25%26%26%26%24%27%25%26%26%
Net Profit526060465052625039496472
EPS in Rs3.353.793.852.943.203.303.933.182.453.134.104.55
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,1771,3301,5182,0411,5631,7493,5604,0414,3574,4295,1835,506
Expenses1,0311,1651,3181,7951,3921,5463,1073,5983,8923,9424,6724,955
Operating Profit145165200246171204453443465487511551
OPM %12%12%13%12%11%12%13%11%11%11%10%10%
Other Income192013172216131216131212
Interest4351649389848584103117123127
Depreciation424853627272778090101129135
Profit before tax7986971093364304291289282271301
Tax %23%35%23%24%28%23%32%33%24%26%25%
Net Profit615675822349205194220210202224
EPS in Rs4.013.584.835.291.513.1613.1612.3814.0113.3812.8614.23
Dividend Payout %7%8%8%8%0%6%6%8%7%9%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%24%9%20%
Compounded Profit Growth13%33%1%5%
Stock Price CAGR21%19%13%77%
Return on Equity14%17%15%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151516161616161616161616
Reserves3834444965696666827349361,1191,3301,5281,719
Borrowings6316748701,1039881,0019377786391,048828828
Other Liabilities1701963494894844806909721,0088409941,254
Total Liabilities1,2001,3291,7322,1762,1532,1792,3772,7022,7813,2343,3653,817
Fixed Assets5427057451,0291,3291,3071,2591,3601,3491,4571,6281,826
CWIP15452352323538510997163346271142
Investments00000000491616
Other Assets5045726358237717871,0081,2451,2651,4221,4511,833
Total Assets1,2001,3291,7322,1762,1532,1792,3772,7022,7813,2343,3653,817
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1529512123318410416940634865518331
Cash from Investing Activity-34-91-375-299-80-69-37-154-128-370-192-184
Cash from Financing Activity-631825376-113-64-171-248-234292-354-144
Net Cash Flow5522-110-10-29-395-14-13-283
Free Cash Flow106-17-267-759226120241212-316320136
CFO/OP147%68%86%127%85%66%90%100%89%27%120%73%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days525256753549544032374043
Inventory Days677781107951241651081019095102
Days Payable5966681317281137110957796108
Cash Conversion Cycle606369515793823837493938
Working Capital Days-29-39-45-68-32-27-20-6-7-2310
ROCE %9%11%11%10%12%7%9%23%21%19%17%16%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.27%61.91%60.98%60.98%60.98%60.98%61.24%61.15%61.15%61.15%61.15%61.15%
FIIs6.05%6.07%5.94%6.35%6.56%6.84%6.71%7.91%8.73%8.33%8.22%8.60%
DIIs2.12%2.68%4.12%4.03%4.79%4.86%5.05%5.27%4.62%4.71%5.08%3.15%
Government0.13%0.13%0.15%0.16%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public29.44%29.18%28.82%28.50%27.69%27.34%27.01%25.67%25.51%25.83%25.57%27.14%
No. of Shareholders41,78542,92751,04461,21068,05069,06869,33860,82361,66861,11657,83659,133

Fundamentals

Market Cap₹ 6,301 Cr.
Current Price₹ 401
Stock P/E28.2
Book Value₹ 110
ROCE15.9 %
ROE12.2 %
Dividend Yield0.37 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)5%
Standalone figures.
Valuation
Market capRs 6,143 Cr
Enterprise valueRs 6,964 Cr
P/E (TTM)27.46x
Price to book3.54x
Price to sales1.12x
EV / EBITDA12.37x
EV / EBIT16.27x
EV / sales1.26x
Price to cash flow18.55x
Earnings yield3.64%
Dividend yield0.38%
P/E, 3-year average14.12x
P/B, 3-year average1.98x
P/E, 5-year average11.35x
P/B, 5-year average1.70x
Profitability
Operating margin (excl. other income)9.86%
Operating margin (incl. other income)10.09%
EBITDA margin10.22%
Pre-tax margin5.47%
Net profit margin4.06%
Net margin, latest quarter4.74%
ROE12.33%
ROCE15.98%
ROA5.63%
ROE, 3-year average14.86%
ROCE, 3-year average17.17%
ROA, 3-year average6.43%
ROE, 5-year average17.46%
ROCE, 5-year average19.13%
ROA, 5-year average6.89%
ROIC (approx.)12.49%
Tax rate25.41%
Other income / net worth0.68%
Growth
Sales growth (latest year)17.02%
Profit growth (latest year)-3.74%
Sales CAGR, 3 years8.65%
Sales CAGR, 5 years24.26%
Profit CAGR, 3 years1.41%
Profit CAGR, 5 years32.63%
Sales growth QoQ2.39%
Profit growth QoQ10.95%
Sales growth YoY (latest quarter)27.22%
Profit growth YoY (latest quarter)43.19%
Per share
EPS (TTM)Rs 14.23
EPS (latest year)Rs 12.86
EPS (latest quarter)Rs 4.55
EPS, 3-year averageRs 13.42
EPS, 5-year averageRs 23.69
Book value per shareRs 110.37
Sales per shareRs 350.29
Cash flow per shareRs 21.07
Free cash flow per shareRs 8.65
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.25
Dividend per share, 5-year averageRs 1.70
Dividends
Dividend payout11.67%
Dividend payout, 3-year average9.38%
Dividend payout, 5-year average8.38%
Efficiency
Asset turnover1.36x
Fixed asset turnover2.84x
Inventory turnover4.16x
Inventory days88 days
Debtor days43 days
Debtors turnover8.51x
Creditor days108 days
Cash conversion cycle38 days
Working capital days10 days
Leverage
Total debtRs 828 Cr
Cash and bankRs 7 Cr
Net debtRs 822 Cr
Debt to equity0.48x
Net debt / EBITDA1.46x
Interest coverage3.38x
Current ratio (filing 2026-03-31)1.09x
Quick ratio (filing 2026-03-31)0.50x
Trade payables (filing 2026-03-31)Rs 1,002 Cr
Owners' fund to total sources45.45%
Debt to assets21.70%
Cash flow
Cash from Operating Activity (latest year)Rs 331 Cr
Cash from Investing Activity (latest year)Rs -184 Cr
Cash from Financing Activity (latest year)Rs -144 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs 136 Cr
FCFE (approx.: FCF + change in debt)Rs 137 Cr
Cash from ops / profit, 5 years1.62x
Sales to cash flow15.65x
Statement figures
Net sales (TTM)Rs 5,506 Cr
Net sales (latest year)Rs 5,183 Cr
Sales (latest quarter)Rs 1,510 Cr
Operating profit excl. other income (latest year)Rs 511 Cr
Operating profit (latest quarter)Rs 162 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 563 Cr
PBDT (TTM)Rs 436 Cr
Profit before tax (TTM)Rs 301 Cr
Tax (latest year)Rs 69 Cr
Net profit (TTM)Rs 224 Cr
Net profit (latest year)Rs 202 Cr
Net profit (latest quarter)Rs 72 Cr
Depreciation (TTM)Rs 135 Cr
Depreciation (latest quarter)Rs 37 Cr
Interest (TTM)Rs 127 Cr
Cost of goods sold (latest year)Rs 3,963 Cr
Total expenditure (latest year)Rs 4,672 Cr
Total income (latest year)Rs 5,195 Cr
Share capitalRs 16 Cr
ReservesRs 1,719 Cr
Shareholders' fundsRs 1,735 Cr
Total assetsRs 3,817 Cr
Net blockRs 1,826 Cr
Capital work in progressRs 142 Cr
InvestmentsRs 16 Cr
ReceivablesRs 609 Cr
InventoryRs 953 Cr
Other liabilitiesRs 1,254 Cr
Shares outstanding (crore)15.72
Ownership
Promoter holding61.15% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 27.5 is at the 73th percentile of its own 9.4-year range (median 18.8, low 6.6, high 60.6).
P/B 3.54 is at the 88th percentile (median 2.56).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSSWLNifty 50Difference
1 week+3.9%-2.8% +6.7 pts
1 month+9.4%-6.8% +16.2 pts
3 months+54.9%-7.6% +62.5 pts
6 months+129.3%+0.4% +128.9 pts
1 year+65.7%-9.9% +75.6 pts
2 years+86.1%-13.6% +99.7 pts
3 years+40.6%+14.2% +26.4 pts
5 years+118.1%+27.9% +90.2 pts
2 mutual fund schemes hold about ₹20 Cr. Over three months 1 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Bandhan Small Cap Fund0.06%20 -76%
Motilal Oswal BSE 1000 Index Fund0.01%0 +100%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,510 Cr +27.2% vs Jun 2025. Net profit ₹72 Cr +44.0%.
Against our estimate for Jun 2026: sales +5.0%, profit +26.3% big beat. Our estimate for Sep 2026: sales Rs 1,482 Cr, profit Rs 60 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-23Dividend - Rs 1.50 Per Share
2025-09-23Dividend - Re 1.25 Per Share
2024-09-23Annual General Meeting/Dividend - Re 1 Per Share
2023-08-14Annual General Meeting/Dividend - Re 1 Per Share
2022-11-10Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share0.2000
2022-09-22Annual General Meeting/Dividend - Rs 3.75 Per Share
2021-11-18 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share0.5000
2021-09-22 Annual General Meeting/ Dividend Rs 2 Per Share
2020-09-22 Annual General Meeting
2019-09-20 Annual General Meeting/Dividend - Rs 4 Per Share
2018-09-19 Annual General Meeting/Dividend Rs 4 Per Share
2017-09-20 Annual General Meeting/Dividend - Rs 3/- Per Share
2016-09-22 Annual General Meeting/Dividend - Rs 1.50 Per Share
2015-10-30 Interim Dividend - Rs 1.50/- Per Share (Purposed Revised)
2015-09-22 Annual General Meeting/Dividend Rs 2/- Per Share
2014-09-18Annual General Meeting / Dividend - Rs 1.50/- Per Share
2013-09-19Annual General Meeting And Dividend Rs.1.50 Per Share
2012-09-18Annual General Meeting/Dividend Re 1.50 Per Share
2011-09-19Annual General Meeting And Dividend Rs.1.50 Per Share
2010-09-17Annual General Meeting And Dividend Rs.1/- Per Share
2009-09-17Annual General Meeting
2008-09-18Agm/Dividend - 16%
2007-09-13Agm/Dividend-16%
2006-09-14Agm/Dividend-16%
DateTypeWhat it says
2026-10-01Monthly updateMonthly Business Updates for the month of September 2026
2026-09-30General UpdatesGeneral Updates. In continuation of the company intimation dated 03.09.2026, and pursuant to Regulation 30 read with Schedule III of the SEBI (Listing...
2026-09-30Shareholder meetingVoting results.
2026-09-30UpdatesChange in compositiof committees of the Board.
2026-09-30CessationCessation of Mr Virander Kumar Arya as Non- Executive Independent Director of the company w.e.f. October 01, 2026.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026. We wish to inform you that the 40th Annual General Meeting (AGM) of the members of S...
2026-09-05General UpdatesGeneral Updates. Pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015, please find enclosed herewith the specimen copy of letter sent to thos...
2026-09-03General UpdatesGeneral Updates. Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, please find enclosed th...
2026-09-03General UpdatesGeneral Updates. Pursuant to the provisions of Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, e...
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-03General UpdatesGeneral Updates. Intimation for 40th annual general meeting, fixation of record date, Book closure and e-voting dates.
2026-09-03Record DateRecord date for the purpose of Dividend is 23-Sep-2026.
2026-09-03Board meeting outcomeOutcome of Board Meeting held on September 03, 2026. Change in SMP as per attachment enclosed.
2026-09-03Board meeting outcomeOutcome of Board Meeting held on September 03, 2026. Pursuant to Regulation 30 and any other applicable provisions of SEBI (Listing Obligations and Di...
2026-09-01Monthly updateMonthly Business Updates for the month of August 2026
2026-08-29Concall / analyst meetSchedule of meet
2026-08-29Concall / analyst meetSchedule of meet
2026-08-07UpdatesChanges in website.With reference to the captioned subject, and pursuant to the Regulation 30 & 46 of SEBI (Listing Obligations and Disclosure Require...
2026-08-01Monthly updateMonthly Business Updates for the month of July 2026. SSWL Reports Highest-Ever Monthly Turnover. Details as per attachment enclosed.
2026-07-23ESOPAllotment of 84680 Shares.This is to inform you that the Allotment Committee of the Board of Directors of the Company in its meeting held today i.e. ...
2026-07-21Concall / analyst meetTranscript
2026-07-16Concall / analyst meetLink of Recording
2026-07-15Investor PresentationInvestor Presentation
2026-07-15Board meeting outcomeSteel Strips Wheels Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-10Concall / analyst meetSchedule of meet. The details as per attachment enclosed.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Trade dateShares sold short
2026-09-291
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-22NCLTM/s. Jyoti Strips Pvt. Ltd. Vs M/s. AGR Steel Strips Pvt. Ltd.
2021-04-15NCLTM/s. Jyoti Strips Pvt. Ltd. Vs M/s. AGR Steel Strips Pvt. Ltd.
2021-03-18NCLTM/s. Jyoti Strips Pvt. Ltd. Vs M/s. AGR Steel Strips Pvt. Ltd.
2021-01-27NCLTM/s. Jyoti Strips Pvt. Ltd. Vs M/s. AGR Steel Strips Pvt. Ltd.
2021-01-05NCLTM/s. Jyoti Strips Pvt. Ltd. Vs M/s. AGR Steel Strips Pvt. Ltd.
2020-12-22NCLTSteel Strips Ltd. Vs SAB Industries Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Close to Close price movement greater than 50perc in previous 3 monthsClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 75perc in previous 3 months

Quick answers

What is the market cap of Steel Strips Wheels Ltd?

Steel Strips Wheels Ltd (SSWL) has a market capitalisation of Rs 6,301 Cr. at the 2026-10-01 close.

What is the P/E ratio of Steel Strips Wheels Ltd?

Steel Strips Wheels Ltd trades at a P/E of 28.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Steel Strips Wheels Ltd's latest quarterly results?

In the Jun 2026 quarter, Steel Strips Wheels Ltd sales was Rs 1,510 Cr (+27.2% vs Jun 2025) and net profit was Rs 72 Cr.

What is the 52-week high and low of Steel Strips Wheels Ltd?

The 52-week high is Rs 413.75 and the 52-week low is Rs 169.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03