Steel Strips Wheels Limited

NSE: SSWL · Unclassified

₹540.25+1.67%06 Nov 2026

Ask the data

Instant answers about Steel Strips Wheels Limited — computed from its filings, no language model

Market cap₹8,496 cr

Current price₹540.25

High / Low₹540 / ₹170

P/E48.0

P/B4.28

Book value₹126.2

ROE8.9%

ROCE18.1%

Debt / equity0.46

Dividend yield0.23%

EPS (TTM)₹11.25

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY23	FY24	FY25	FY26
Revenue	4,041	4,357	4,429	5,183
EBITDA	443	464	484	510
Operating margin	11.0%	10.6%	10.9%	9.8%
Interest	84	103	117	123
Depreciation	80	104	111	136
Profit before tax	291	744	259	254
Tax	97	69	64	64
Net profit	0	0	0	190
EPS ₹	12.39	43.07	12.44	12.11
Operating cash flow	348	193	517	332
Capex	137	383	212	193
Dividend paid	12	16	16	20
Total assets	2,781	3,304	3,399	3,831
Equity	1,135	1,442	1,626	1,805

Quarterly performance

last 15 quarters · ₹ crore

showing latest 8 of 15 periods

	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,005	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
Operating profit	108	113	124	117	110	113	119	118	134	122	111	127	150	163	236
Operating margin	10.8%	10.8%	11.0%	10.5%	10.3%	11.0%	10.9%	11.0%	10.9%	10.2%	9.3%	9.6%	10.2%	10.8%	12.2%
Other income	7	4	3	2	5	1	0	0	1	1	1	0	1	1	1
Interest	23	24	26	25	28	31	30	26	29	29	32	32	31	32	35
Depreciation	20	22	22	22	37	29	28	27	28	32	32	35	37	38	45
Profit before tax	73	71	79	71	523	55	62	65	78	61	48	62	83	93	156
Tax	25	24	26	11	7	14	16	17	17	14	13	15	22	24	39
Net profit	0	0	0	0	0	0	0	48	0	47	0	47	61	69	0
EPS ₹	3.02	3.03	3.34	3.79	32.85	2.60	2.94	3.04	3.87	3.01	2.26	2.97	3.87	4.42	7.44
Revenue YoY	—	—	—	—	6.3%	-1.8%	-3.4%	-3.2%	15.5%	15.8%	9.6%	22.9%	19.5%	27.2%	60.8%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	-2.3%	—	47.0%	—

Earlier results (standalone, Sep '07 – Dec '22)

₹ crore · from BSE, before the NSE XBRL filings begin

Steel Strips Wheels Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 13 periods

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†	FY20†	FY21†	FY22†
Revenue	419	658	959	973	1,064	1,153	1,182	1,375	1,557	2,041	1,563	1,749	3,560
Operating profit	62	89	94	98	99	108	145	164	200	246	171	204	453
Operating margin	14.7%	13.5%	9.9%	10.1%	9.3%	9.3%	12.3%	11.9%	12.9%	12.0%	11.0%	11.6%	12.7%
Other income	—	—	—	8	19	21	19	19	13	17	22	16	13
Interest	17	20	28	30	41	41	43	42	64	93	89	84	85
Depreciation	25	33	43	50	53	38	42	48	53	62	72	72	77
Profit before tax	19	36	33	27	25	49	79	95	97	109	33	64	304
Tax	5	6	4	2	1	9	18	24	22	27	9	15	98
Net profit	14	30	29	25	24	39	61	71	75	82	23	49	205

Quarters

showing latest 8 of 61 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†	SEP '19†	DEC '19†	MAR '20†	JUN '20†	SEP '20†	DEC '20†	MAR '21†	JUN '21†	SEP '21†	DEC '21†	MAR '22†	JUN '22†	SEP '22†	DEC '22†
Revenue	66	64	73	88	97	60	83	97	116	124	148	157	166	186	230	234	238	256	260	259	228	226	246	266	250	303	276	316	267	294	293	299	281	309	325	291	335	424	351	378	397	431	501	531	483	527	471	362	344	387	120	405	525	700	678	958	861	1,063	1,016	1,081	938
Operating profit	12	12	14	18	11	5	14	15	14	18	20	22	23	23	29	25	24	17	23	25	22	29	24	29	25	21	24	28	24	33	33	34	37	41	43	37	39	44	46	49	48	56	64	64	62	57	56	41	43	31	2	50	66	86	98	137	107	111	109	117	108
Operating margin	17.6%	18.8%	18.7%	20.7%	11.4%	8.6%	17.0%	15.5%	12.3%	14.8%	13.7%	14.2%	13.7%	12.5%	12.4%	10.8%	9.9%	6.7%	8.7%	9.6%	9.4%	12.8%	9.8%	10.9%	10.0%	7.1%	8.5%	8.7%	8.9%	11.1%	11.1%	11.4%	13.3%	13.4%	13.3%	12.9%	11.7%	10.5%	13.2%	13.1%	12.0%	13.1%	12.7%	12.0%	12.8%	10.7%	11.8%	11.4%	12.4%	8.1%	1.9%	12.3%	12.5%	12.3%	14.4%	14.3%	12.4%	10.5%	10.8%	10.8%	11.5%
Other income	0	0	1	1	—	—	—	—	—	—	—	—	—	—	—	—	—	9	3	3	1	1	3	1	5	11	7	3	6	4	3	4	5	5	4	7	3	5	2	3	1	7	2	5	4	7	4	7	4	8	1	5	4	6	2	4	2	5	0	4	2
Interest	3	3	3	4	4	4	5	4	4	4	5	5	5	5	6	6	7	9	7	9	6	7	8	8	10	15	11	10	10	10	11	10	10	12	11	9	11	11	14	17	13	20	22	25	23	23	23	23	21	22	23	22	20	19	20	24	22	19	18	21	22
Depreciation	3	3	3	5	4	4	6	6	7	7	7	8	8	10	11	11	10	11	11	11	11	16	13	12	14	14	14	5	9	11	10	10	11	11	13	13	13	10	12	12	14	15	15	16	16	15	18	18	18	18	17	18	18	19	18	20	20	19	20	20	20
Profit before tax	5	5	8	10	3	-3	3	5	4	7	8	9	9	9	12	8	7	6	8	7	5	6	6	10	6	3	6	15	12	16	15	18	21	24	24	22	18	31	21	23	23	29	28	28	27	26	19	8	7	-1	-37	15	31	54	63	97	66	78	71	80	68
Tax	1	2	2	3	0	0	1	1	1	2	1	2	2	1	1	2	3	-1	1	2	1	-2	0	2	-0	-1	0	3	2	4	3	3	6	6	5	4	4	10	5	5	5	7	6	7	7	6	4	-0	1	4	1	1	2	10	12	34	23	30	23	25	24
Net profit	4	4	6	7	3	-3	2	4	2	6	7	8	8	7	12	6	4	7	7	6	4	9	6	7	7	4	6	12	10	12	12	15	16	18	19	18	14	21	16	18	18	22	22	21	20	20	15	8	6	-5	-38	14	29	45	51	63	43	49	48	55	44
EPS ₹	3.53	3.22	4.56	5.66	2.55	-2.26	1.64	3.32	1.82	4.21	5.30	5.61	5.53	4.87	7.77	4.38	2.72	4.51	4.50	3.64	2.70	5.71	4.07	4.80	4.32	2.81	4.10	7.71	6.28	7.82	7.96	9.88	10.16	12.11	12.15	11.60	8.81	13.35	10.55	11.68	11.65	14.40	13.83	13.67	12.60	12.78	9.44	4.93	4.04	-3.37	-24.43	9.00	18.43	28.55	32.73	40.23	13.67	15.66	15.41	17.44	2.80
Revenue YoY	—	—	—	—	46.3%	-6.7%	-6.7%	0.2%	93.4%	—	79.9%	62.7%	43.2%	49.6%	55.0%	48.9%	43.7%	37.6%	12.9%	10.4%	-4.1%	-11.6%	-5.4%	2.7%	9.5%	33.8%	12.5%	18.9%	6.8%	-2.9%	5.9%	-5.2%	5.4%	5.1%	11.2%	-2.8%	19.2%	37.2%	7.8%	29.9%	18.6%	1.7%	42.8%	40.6%	21.4%	22.2%	-6.0%	-31.8%	-28.8%	-26.5%	-74.4%	11.8%	52.7%	80.8%	463.8%	136.7%	64.1%	51.9%	49.8%	12.8%	9.1%
Profit YoY	—	—	—	—	-19.8%	-178.6%	-69.9%	35.6%	—	—	237.4%	75.8%	227.1%	31.3%	59.8%	-14.9%	-47.7%	-7.3%	-41.8%	-14.6%	1.5%	29.9%	-7.9%	31.6%	60.2%	-50.9%	1.0%	60.6%	45.5%	179.2%	94.4%	28.4%	62.2%	55.1%	53.1%	19.9%	-11.8%	12.2%	-11.8%	0.8%	32.5%	8.0%	31.1%	17.2%	8.3%	-11.0%	-31.6%	-63.9%	-68.0%	-126.4%	-358.8%	82.3%	357.2%	—	—	347.9%	48.4%	9.7%	-5.8%	-13.0%	2.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 12 periods

	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	0.0%	0.0%	0.0%	0.0%	3.1%	2.9%	5.8%	5.5%	5.5%	8.6%	9.8%	8.9%
ROCE	19.0%	34.0%	33.6%	33.6%	33.4%	15.3%	15.5%	14.1%	14.2%	14.3%	15.7%	18.1%
Net margin	0.0%	0.0%	0.0%	0.0%	1.1%	1.1%	2.1%	2.0%	1.9%	3.0%	3.2%	2.8%
EBITDA margin	10.8%	10.6%	10.7%	10.7%	10.8%	10.9%	10.7%	10.3%	10.0%	9.8%	10.0%	10.8%
Debt / equity	0.68	0.73	0.73	0.61	0.61	0.51	0.51	0.53	0.53	0.46	0.46	0.46
Interest coverage	4.01	8.25	7.60	7.20	7.08	3.21	3.31	3.16	3.05	3.06	3.26	4.03
Asset turnover	1.43	1.32	1.31	1.30	1.29	1.30	1.35	1.37	1.45	1.35	1.44	1.40

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	16	16	16	16	16	16	16	16
Other equity / reserves	1,119	1,207	1,427	1,515	1,610	1,696	1,789	1,969
Total equity	1,135	1,223	1,442	1,531	1,626	1,711	1,805	1,985
Borrowings	638	836	1,048	926	828	903	826	911
Current liabilities	1,215	1,242	1,325	1,290	1,371	1,380	1,626	2,049
Non-current liabilities	431	534	536	483	403	329	400	425
Total assets	2,781	2,999	3,304	3,303	3,399	3,420	3,831	4,459
Property, plant & equipment	1,347	1,302	1,626	1,567	1,781	1,712	1,967	2,019
Capital work-in-progress	163	353	363	473	288	406	154	133
Investments	4	4	4	4	10	10	10	11
Inventories	734	706	697	671	743	843	952	1,189
Receivables	349	465	440	490	486	354	609	916
Cash & equivalents	18	11	40	8	7	7	6	9

Cash flow

annual · ₹ crore · line = free cash flow

	FY23	FY24	FY25	FY26
Cash from operations	348	193	517	332
Cash from investing	-128	-365	-196	-186
Cash from financing	-234	171	-354	-144
Capex	137	383	212	193
Free cash flow	211	-190	304	139
Dividends paid	12	16	16	20

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹2,019 cr45%

CWIP

₹133 cr3%

Investments

₹11 cr0%

Inventories

₹1,189 cr27%

Receivables

₹916 cr21%

Cash & equivalents

₹9 cr0%

Other assets

₹181 cr4%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Steel Strips Wheels Limited	8,496	540.25	48.0	4.28	8.9%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+27.4%

6 months+152.6%

1 year+132.0%

3Y CAGR+24.1%

5Y CAGR+23.4%

10Y CAGR+23.4%

50-day avg₹406.70

200-day avg₹273.64

RSI (14)72

FAQs

What is the share price of Steel Strips Wheels Limited?

Steel Strips Wheels Limited (SSWL) closed at ₹540.25 on NSE on 06 Nov 2026.

What is the market cap of Steel Strips Wheels Limited?

₹8,496 crore at the latest close.

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

48.0, on trailing-twelve-month earnings from its filings.

How fast is Steel Strips Wheels Limited growing?

Steel Strips Wheels Limited: revenue has compounded at 8.7% a year over three years. Latest-quarter revenue is up 60.8% year on year.

How profitable is Steel Strips Wheels Limited?

On a trailing-twelve-month basis return on equity is 8.9%, return on capital employed 18.1%, operating margin 10.8%, net margin 2.8%.

How much debt does Steel Strips Wheels Limited have?

Steel Strips Wheels Limited is lightly geared: debt to equity is 0.46 with borrowings of ₹911 cr against cash of ₹9 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.0 times.

Financials parsed from Steel Strips Wheels Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '23, annual from FY23, balance sheet from Mar '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.