Steel Strips & Wheels Ltd
₹493.80-₹31.25 (-6.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,161 Cr
- P/E
- 15.6x
- EV / EBITDA
- 8.2x
- Revenue
- ₹4,429 Cr
- Net margin
- 5.0%
- ROCE
- 19.4%
Price chart
Technical chartScreen technicals →+117.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +21.0%
- 3M
- +66.3%
- 6M
- +132.3%
- 1Y
- +117.7%
- 5Y
- +180.5%
52-week range
Day change -₹31.25 (-6.0%) from ₹525 to ₹494 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in SSWL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 22.8%
Concerns0
Rule-based from financial data. Not advice.
About the company
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; trailer and caravan; and aluminium steering knuckle. The company was incorporated in 1985 and is headquartered in Chandigarh, India.
- Sector
- Materials
- Shares outstanding
- 15.7 Cr shares
- ISIN
- INE802C01033
- BSE code
- 513262
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,161 Cr
- P/E
- 15.6x
- P/B
- 1.9x
- EV / EBITDA
- 8.2x
- EV / Sales
- 0.9x
- P/S
- 0.7x
- Earnings yield
- 6.4%
- 52-week high
- ₹534.90
- 52-week low
- ₹170.30
Profitability
- Operating margin
- 10.7%
- Net margin
- 5.0%
- EBITDA margin
- 11.0%
- ROE
- 16.3%
- ROCE
- 19.4%
- ROA
- 6.8%
- Dividend payout
- 7.0%
- Tax rate
- 24.0%
- Other income, % of PBT
- 5.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,429 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹481 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -4.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 57.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹65.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -81.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹28.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.3%
Solvency and efficiency
- Current ratio
- 1.70
- Debt / Equity
- 0.78
- Debt / Assets
- 0.32
- Debt / EBITDA
- 2.18
- Interest coverage
- 4.51
- Financial leverage
- 2.40
- CFO / Net profit
- 0.30
- Cash / Market cap
- 45.0%
- Cash per share
- ₹90.42
- Asset turnover
- 1.35
- Fixed asset turnover
- 2.99
- Capital intensity
- 0.33
- Debtor days
- 37 days
- Inventory turnover
- 4.06
- Cash conversion cycle
- 49 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹5 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹3,942 Cr |
| Sales | Operating profit | ₹487 Cr |
| Operating profit | Interest | ₹117 Cr |
| Operating profit | Depreciation | ₹101 Cr |
| Operating profit | Profit before tax | ₹269 Cr |
| Other income | Profit before tax | ₹13 Cr |
| Profit before tax | Tax and other | ₹72 Cr |
| Profit before tax | Net profit | ₹210 Cr |
Revenue and net profit
Revenue grew 1.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,749 Cr | ₹49 Cr |
| FY2022 | ₹3,560 Cr | ₹205 Cr |
| FY2023 | ₹4,041 Cr | ₹194 Cr |
| FY2024 | ₹4,357 Cr | ₹220 Cr |
| FY2025 | ₹4,429 Cr | ₹210 Cr |
Cash flows
FY2025: ₹518 Cr from operations, ₹326 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹169 Cr | ₹132 Cr |
| FY2022 | ₹406 Cr | ₹252 Cr |
| FY2023 | ₹348 Cr | ₹220 Cr |
| FY2024 | ₹65 Cr | -₹305 Cr |
| FY2025 | ₹518 Cr | ₹326 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹4,429 Cr+1.7%1Y
- Net profit
- ₹210 Cr-4.5%1Y
- Cash from operations
- ₹518 Cr
- Free cash flow
- ₹326 Cr
- Revenue CAGR, 5Y
- 22.8%
- EBITDA CAGR, 5Y
- 20.0%
- Net profit CAGR, 5Y
- 57.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹4,429 Cr | ₹487 Cr | — | ₹210 Cr | ₹518 Cr | ₹326 Cr | 13.6% | +1.7% | -4.5% |
Monthly returns
Month-by-month returns of SSWL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3,365 Cr |
| Equity capital | ₹16 Cr |
| Reserves | ₹1,528 Cr |
| Borrowings | ₹828 Cr |
| Other liabilities | ₹994 Cr |
| Assets | ₹3,365 Cr |
| Fixed assets | ₹1,628 Cr |
| Capital work in progress | ₹271 Cr |
| Investments | ₹16 Cr |
| Other assets | ₹1,451 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
SSWL trades at 15.6x earnings against a peer median of 35.5x (a 56% discount).
Not shown (no positive earnings and no EV / Sales): BN AGROCHEM LIMITED.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Steel Strips & Wheels LtdSSWLthis companyP/E ↓ discount | ₹3,161 Cr | 15.6x | 1.9x | 16.3% | 8.2x |
| ORIENT CEMENT LIMITEDORIENTCEM | ₹3,400 Cr | 11.1x | 1.6x | 10.0% | 7.4x |
| BN AGROCHEM LIMITEDBNAGROCHEM | ₹3,398 Cr | — | 10.6x | -4.2% | -1133.0x |
| Styrenix Performance Materials LimitedSTYRENIX | ₹3,375 Cr | 16.3x | 3.8x | — | — |
| Grauer & Weil (India) Ltd.GRAUWEIL | ₹3,354 Cr | 22.2x | 3.4x | 17.9% | 14.7x |
| Refex Industries LimitedREFEX | ₹3,314 Cr | 16.4x | 2.3x | 21.4% | 20.2x |
| KIRI INDUSTRIES LIMITEDKIRIINDUS | ₹3,217 Cr | 242.0x | 4.1x | -23.7% | -126.1x |
| Kalyani Steels LtdKSL | ₹3,035 Cr | 11.8x | 1.5x | 14.6% | 8.1x |
| DDEV PLASTIKS INDUSTRIES LIMITEDDDEVPLSTIK | ₹2,926 Cr | 14.8x | 3.2x | 27.6% | 10.1x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
SSWL since 1 January, against earlier years.
Historical volatility
SSWL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | 13.0% |
| FY2023 | 11.0% |
| FY2024 | 11.0% |
| FY2025 | 11.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹4,429 Cr |
| Costs | |
| Interest | ₹117 Cr |
| Expenses | ₹3,942 Cr |
| Operating profitOperating Profit | ₹487 Cr |
| Other income and charges | |
| Profit before tax | ₹282 Cr |
| Tax | |
| Net profitNet Profit | ₹210 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3,365 Cr |
| Equity capitalEquity Capital | ₹16 Cr |
| Reserves | ₹1,528 Cr |
| Borrowings | ₹828 Cr |
| Other liabilitiesOther Liabilities | ₹994 Cr |
| AssetsTotal Assets | ₹3,365 Cr |
| Fixed assetsFixed Assets | ₹1,628 Cr |
| Capital work in progressCWIP | ₹271 Cr |
| Investments | ₹16 Cr |
| Other assetsOther Assets | ₹1,451 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹518 Cr |
| Investing cash flowCash from Investing Activity | -₹192 Cr |
| Financing cash flowCash from Financing Activity | -₹354 Cr |
| Change in cashNet Cash Flow | -₹28 Cr |
Learn while you research
Academy chapters picked for Steel Strips & Wheels Ltd and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read