Auto Components
Valuation | |
|---|---|
| Market Cap | 3.41 kCr |
| Price/Earnings (Trailing) | 17.12 |
| Price/Sales (Trailing) | 0.69 |
| EV/EBITDA | 8.62 |
| Price/Free Cashflow | 11.09 |
| MarketCap/EBT | 13.25 |
| Enterprise Value | 4.32 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 13.6% |
| Price Change 1M | 1.6% |
| Price Change 6M | 0.10% |
| Price Change 1Y | 17.9% |
| 3Y Cumulative Return | 14.7% |
| 5Y Cumulative Return | 28.3% |
| 7Y Cumulative Return | 14.1% |
| 10Y Cumulative Return | 20.4% |
| Revenue (TTM) |
| 4.95 kCr |
| Rev. Growth (Yr) | 22.9% |
| Earnings (TTM) | 198.3 Cr |
| Earnings Growth (Yr) | -5.1% |
Profitability | |
|---|---|
| Operating Margin | 5% |
| EBT Margin | 5% |
| Return on Equity | 11.59% |
| Return on Assets | 5.84% |
| Free Cashflow Yield | 9.02% |
| Cash Flow from Investing (TTM) | -195.74 Cr |
| Cash Flow from Operations (TTM) | 517.6 Cr |
| Cash Flow from Financing (TTM) | -353.67 Cr |
| Cash & Equivalents | 34.97 L |
| Free Cash Flow (TTM) | 305.26 Cr |
| Free Cash Flow/Share (TTM) | 19.42 |
Balance Sheet | |
|---|---|
| Total Assets | 3.4 kCr |
| Total Liabilities | 1.76 kCr |
| Shareholder Equity | 1.71 kCr |
| Current Assets | 1.25 kCr |
| Current Liabilities | 1.37 kCr |
| Net PPE | 1.71 kCr |
| Inventory | 843.06 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.27 |
| Debt/Equity | 0.53 |
| Interest Coverage | 1.12 |
| Interest/Cashflow Ops | 5.5 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1.25 |
| Dividend Yield | 0.58% |
| Shares Dilution (1Y) | 0.20% |
| Shares Dilution (3Y) | 0.40% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
No major cons observed.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.58% |
| Dividend/Share (TTM) | 1.25 |
| Shares Dilution (1Y) | 0.20% |
| Earnings/Share (TTM) | 12.69 |
Financial Health | |
|---|---|
| Current Ratio | 0.91 |
| Debt/Equity | 0.53 |
Technical Indicators | |
|---|---|
| RSI (14d) | 64.98 |
| RSI (5d) | 91.38 |
| RSI (21d) | 54.99 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Summary of Steel Strips & Wheels's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
For Q3 FY 2026, Steel Strips Wheels Limited reported a revenue of Rs.1,321 crores, marking a 23% increase from Rs.1,075 crores in the same period last year. The EBITDA for the quarter was Rs.128 crores, an 8% rise compared to Rs.118 crores in the previous year. Management highlighted strong monthly sales in November and December 2025 and anticipated ongoing growth, particularly in domestic markets, driven by government reforms that have spurred consumption.
For the nine months ending FY 2026, revenue reached Rs.3,708 crores, up 16% from Rs.3,195 crores last year. Profit after tax stood at Rs.138 crores, amidst a shift in focus from high-margin exports to robust domestic demand.
Management indicated an optimistic outlook, expecting a revenue target of Rs.6,000 crores for FY 2027, with the potential for this to rise to Rs.6,500 crores if tariff issues in the U.S. are resolved. The aluminum segment has been a standout performer, contributing approximately 37% to total revenue, with expectations for continued growth supported by favorable conditions in the domestic market.
Key points highlighted included the anticipated increase in capacity for the aluminum knuckle segment from 5 lakh units to 11 lakh units by FY 2027, and a projected EBITDA per wheel increase to Rs.270 in Q4 FY 2026. The company is also expanding its facilities in Bhuj to enhance aluminum wheel production, with an expected CAPEX of around Rs.420 crores for FY 2027.
Given these developments, management remains confident in maintaining business momentum, supported by strong order visibility, particularly in the tractor, aluminum wheel, and commercial vehicle segments. The diversified presence across automotive markets positions the company to adapt to ongoing fluctuations in export markets.
Understand Steel Strips & Wheels ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Dheeraj Garg | 29.52% |
| SAB INDUSTRIES LIMITED | 8.42% |
| SAB UDYOG LIMITED | 7.27% |
| Tata Steel Limited | 6.92% |
| Sumitomo Metal Industries Ltd | 5.41% |
| CHANDIGARH DEVELOPERS PRIVATE LTD | 3.85% |
| Sunena Garg | 3.56% |
Detailed comparison of Steel Strips & Wheels against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BHARATFORG | Bharat Forge | 76.06 kCr | 15.47 kCr | +7.30% | +35.80% | 70.24 | 4.92 | - | - |
| SUNDRMFAST | Sundram Fasteners |
Comprehensive comparison against sector averages
SSWL metrics compared to Auto
| Category | SSWL | Auto |
|---|---|---|
| PE | 17.25 | 40.65 |
| PS | 0.70 | 2.27 |
| Growth | 15.6 % | 8 % |
Steel Strips Wheels Limited engages in the design, manufacture, and sale of automotive wheel rims and other auto components in India and internationally. It offers steel wheels rims, alloy wheel rims, and hot rolling mills for two and three wheelers, passenger cars, multi utility vehicles, tractors, commercial vehicles, and OTR vehicles. The company was incorporated in 1985 and is headquartered in Chandigarh, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
SSWL vs Auto (2021 - 2026)
Here are the summarized major questions and their detailed responses based on the Q&A section of the earnings transcript:
Question 1: How do you see the increase in export realizations, and how smoothly can you pass on increases in raw material prices?
Dheeraj Garg: I want to clarify that raw material costs are a pass-through. Every three months, aluminum prices are set based on previous rates, so there's a lag but it averages out. While exports have lagged, domestic markets are doing well. We remain optimistic as we see growth across all segments, especially aluminum wheels. Despite the negative impact of U.S. tariffs on our steel business, we maintain a bullish outlook for the coming quarters, projecting a turnover of Rs. 1,475 crores.
Question 2: What is your total CAPEX for FY 2027 concerning the expansion in alloy wheels and aluminum knuckles?
Dheeraj Garg: The total expansion cost will be around Rs. 420 crores for the new facility in Bhuj. Our maintenance CAPEX will be about Rs. 40 crores, totaling approximately Rs. 460 crores for FY 2027. This investment targets both domestic and export markets, enabling us to capture a significant share in the global aluminum wheels segment.
Question 3: What is your average cost of debt?
Pranav Jain: Our overall debt cost is around 8% to 8.5%. There are factoring lines included in the financial statements which affect some of the numbers you see. This average reflects our total borrowing costs and is aligned with current market rates.
Question 4: What is the expected peak revenue from the new facility in Bhuj?
Dheeraj Garg: We anticipate peak revenue of about Rs. 600 crores from the aluminum wheels business and Rs. 200 crores from the knuckles segment. This will significantly boost our production capacity and revenue stream in both domestic and export markets, especially in Europe.
Question 5: What is your projection for EBITDA per wheel going forward?
Dheeraj Garg: Currently, our EBITDA per wheel is Rs. 260. We aim for this to reach Rs. 270 by the end of this financial year, and we project further improvements next year as we optimize our operational efficiencies. We are still navigating the impact of external factors like tariffs but are optimistic about achieving Rs. 300 in the future.
These answers capture key points while adhering to the character limit requirement.
| DHG MARKETING PRIVATE LTD | 3.19% |
| MALWA CHEMTEX UDYOG LTD | 2.45% |
| R K Garg | 1.94% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.56% |
| New Mark CapitalAif LLP | 1.15% |
| Ntasain Discovery Master Fund | 1.11% |
| Bandhan Small Cap Fund | 1.08% |
| Priya Garg | 0.54% |
| CHANDIGARH AIRCRAFT MANAGEMENT SERVICES PRIVATE LIMITED | 0.23% |
| STEEL STRIPS FINANCIERS PVT LTD | 0.13% |
| S J MERCANTILE PVT. LIMITED | 0.01% |
| S S CREDITS (P) LTD | 0.01% |
| MUNAK INTERNATIONAL PVT LTD | 0.01% |
Distribution across major stakeholders
Distribution across major institutional holders
| 19.97 kCr |
| 6.19 kCr |
| +1.20% |
| -7.20% |
| 36.04 |
| 3.23 |
| - |
| - |
| AUTOAXLES | Automotive Axles | 3.19 kCr | 2.07 kCr | +5.60% | +25.20% | 20.28 | 1.54 | - | - |
| WHEELS | WHEELS INDIA | 1.86 kCr | 5.19 kCr | -1.40% | +22.90% | 13.75 | 0.36 | - | - |
| 29.8% |
| 62 |
| 48 |
| 61 |
| 78 |
| 65 |
| 62 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | 29.8% | 62 | 48 | 61 | 78 | 65 | 62 |
| Current tax | -6.7% | 15 | 16 | 14 | 23 | 15 | 14 |
| Deferred tax | 73.5% | -0.31 | -3.94 | 0.34 | -5.29 | 1.32 | 1.32 |
| Total tax | 16.7% | 15 | 13 | 14 | 17 | 17 | 16 |
| Total profit (loss) for period | 31.4% | 47 | 36 | 47 | 61 | 48 | 46 |
| Other comp. income net of taxes | 90.4% | 0.78 | -1.29 | -0.16 | -0.62 | 0.61 | 0.83 |
| Total Comprehensive Income | 39.4% | 47 | 34 | 47 | 60 | 48 | 47 |
| Earnings Per Share, Basic | 56.3% | 2.97 | 2.26 | 3.01 | 3.87 | 3.04 | 2.94 |
| Earnings Per Share, Diluted | 56.8% | 2.96 | 2.25 | 3 | 3.85 | 3.04 | 2.93 |
| 13.7% |
| 117 |
| 103 |
| 84 |
| 85 |
| 84 |
| 89 |
| Depreciation and Amortization | 12.4% | 101 | 90 | 80 | 77 | 72 | 72 |
| Other expenses | 0.9% | 704 | 698 | 650 | 701 | 294 | 270 |
| Total Expenses | 1.8% | 4,160 | 4,085 | 3,762 | 3,269 | 1,702 | 1,553 |
| Profit Before exceptional items and Tax | -2.4% | 282 | 289 | 291 | 304 | 64 | 33 |
| Total profit before tax | -2.4% | 282 | 289 | 291 | 304 | 64 | 33 |
| Current tax | -30.1% | 66 | 94 | 95 | 90 | 4.54 | 0 |
| Deferred tax | 119.3% | 6.06 | -25.19 | 2.28 | 8.44 | 10 | 11 |
| Total tax | 4.4% | 72 | 69 | 97 | 98 | 15 | 11 |
| Total profit (loss) for period | -4.6% | 210 | 220 | 194 | 205 | 49 | 23 |
| Other comp. income net of taxes | -1371.4% | -0.78 | 1.14 | -2.66 | -2.57 | 0.1 | -0.36 |
| Total Comprehensive Income | -5.5% | 209 | 221 | 191 | 203 | 49 | 23 |
| Earnings Per Share, Basic | -5.1% | 13.38 | 14.04 | 12.39 | 13.162 | 3.158 | 1.504 |
| Earnings Per Share, Diluted | -5.4% | 13.32 | 14.02 | 12.35 | 13.13 | 3.152 | 1.457 |
| 43.7% |
| 389 |
| 271 |
| 456 |
| 346 |
| 353 |
| 163 |
| Non-current investments | 0% | 16 | 16 | 9.15 | 9.15 | 4.15 | 4.15 |
| Loans, non-current | - | 0 | 0 | 24 | 23 | 22 | 22 |
| Total non-current financial assets | -3.4% | 29 | 30 | 46 | 44 | 39 | 37 |
| Total non-current assets | 2.9% | 2,014 | 1,958 | 1,939 | 1,919 | 1,750 | 1,603 |
| Total assets | 0.9% | 3,396 | 3,365 | 3,259 | 3,245 | 3,000 | 2,781 |
| Borrowings, non-current | -24.8% | 210 | 279 | 325 | 381 | 282 | 161 |
| Total non-current financial liabilities | -23.5% | 229 | 299 | 345 | 401 | 333 | 229 |
| Provisions, non-current | -17.6% | 5.26 | 6.17 | 36 | 34 | 32 | 31 |
| Total non-current liabilities | -15.5% | 387 | 458 | 528 | 582 | 534 | 431 |
| Borrowings, current | 26.3% | 693 | 549 | 601 | 667 | 554 | 477 |
| Total current financial liabilities | 0.7% | 1,311 | 1,302 | 1,220 | 1,267 | 1,199 | 1,172 |
| Provisions, current | -4.8% | 5.94 | 6.19 | 5.87 | 6.15 | 6.19 | 0 |
| Current tax liabilities | - | 0 | - | 5.26 | - | 5.56 | 5.08 |
| Total current liabilities | 0.7% | 1,374 | 1,364 | 1,288 | 1,317 | 1,242 | 1,215 |
| Total liabilities | -3.3% | 1,761 | 1,822 | 1,816 | 1,899 | 1,776 | 1,647 |
| Equity share capital | 0% | 16 | 16 | 16 | 16 | 16 | 16 |
| Total equity | 5.9% | 1,635 | 1,544 | 1,444 | 1,346 | 1,223 | 1,135 |
| Total equity and liabilities | 0.9% | 3,396 | 3,365 | 3,259 | 3,245 | 3,000 | 2,781 |
| 707.8% |
| 518 |
| 65 |
| 348 |
| 406 |
| - |
| - |
| Cashflows used in obtaining control of subsidiaries | -125% | 0 | 5 | 3.96 | 0 | - | - |
| Proceeds from sales of PPE | 485.8% | 15 | 3.39 | 0.84 | 4.82 | - | - |
| Purchase of property, plant and equipment | -44.8% | 212 | 383 | 137 | 169 | - | - |
| Interest received | -15.4% | 12 | 14 | 12 | 11 | - | - |
| Net Cashflows From Investing Activities | 48% | -191.78 | -369.99 | -127.94 | -153.51 | - | - |
| Proceeds from issuing shares | -488.2% | 0 | 0.83 | 0.84 | 0 | - | - |
| Proceeds from borrowings | -100.2% | 0 | 485 | 122 | 137 | - | - |
| Repayments of borrowings | 195.9% | 220 | 75 | 262 | 296 | - | - |
| Payments of lease liabilities | 0% | 0.3 | 0.3 | 0 | 0 | - | - |
| Dividends paid | 0% | 16 | 16 | 12 | 3.12 | - | - |
| Interest paid | 13.7% | 117 | 103 | 84 | 85 | - | - |
| Net Cashflows from Financing Activities | -221.9% | -353.67 | 292 | -234.09 | -247.88 | - | - |
| Net change in cash and cash eq. | -104.9% | -27.85 | -13.08 | -13.91 | 4.71 | - | - |