Steel Strips Wheels Limited

NSE: SSWL · Auto Components & Equipments

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52W Range₹169 – ₹559

Snapshot

Unlock Steel Strips Wheels Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Steel Strips Wheels Limited specialises in the design and manufacture of steel and alloy wheel rims for a diverse range of automotive vehicles. The company serves various segments including two-wheelers, passenger cars, commercial vehicles, and tractors.

Business Model

The company generates revenue through the large-scale manufacturing and supply of wheel rims to original equipment manufacturers (OEMs) and the aftermarket sector. Its operations span both domestic and international markets, leveraging its established production facilities.

Growth Outlook

Growth is driven by the expansion of the automotive sector and increasing demand for alloy wheels across vehicle categories. The company continues to focus on diversifying its product portfolio to cater to evolving mobility requirements.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of steel and aluminium significantly impact the company's operating margins.
  • Cyclicality of Automotive Industry. The company's performance is highly dependent on the cyclical demand patterns of the global and domestic automotive sectors.
  • Competitive Pressure. Intense competition from both domestic and international manufacturers may exert pressure on pricing and market share.
  • Supply Chain Disruptions. Dependence on global supply chains for raw materials and logistics exposes the company to potential operational disruptions.

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Key Metrics

REVENUE

₹6,235 Cr

TTM · consolidated

+32.8%YoY

NET PROFIT

₹294 Cr

TTM · consolidated

+53.7%YoY

EPS

₹18.70

TTM · consolidated

+53.5%YoY

RETURN ON EQUITY

15.9%

TTM · consolidated

+4.7 ppYoY

RETURN ON CAPITAL EMPLOYED

23.6%

TTM · consolidated

+5.5 ppYoY

P/E

26.0×

Q2 FY27 · consolidated

26.0 vs 27.2x5Y avg

EV/EBITDA

12.6x

Q2 FY27 · consolidated

12.6 vs 17.2x5Y avg

EBITDA MARGIN

10.9%

TTM · consolidated

+0.5 ppYoY

NET PROFIT MARGIN

6.1%

Q2 FY27 · consolidated

+3.1 ppYoY

DEBT TO EQUITY

0.5x

Q2 FY27 · consolidated

-0.07xYoY

Peers · Auto Components & Equipments

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Steel Strips Wheels LimitedSSWL
₹7,658 Cr26.0×12.6132.8%10.9%15.9%23.6%+118.8%
Banco Products (India) LimitedBANCOINDIA
₹8,448 Cr17.1×11.0221.6%19.5%33.1%37.6%-16.8%
Pricol LimitedPRICOLLTD
₹8,026 Cr30.0×16.3343.3%11.9%23.6%29.5%+24.4%
S.J.S. Enterprises LimitedSJS
₹6,777 Cr31.8×21.8628.8%30.7%27.4%34.5%+30.2%
Suprajit Engineering LimitedSUPRAJIT
₹6,508 Cr34.9×13.7118.4%13.0%13.8%20.9%+6.2%
Wheels IndiaWHEELS
₹5,477 Cr27.2×12.3924.5%8.1%15.7%22.7%+136.5%

As of Q2 FY27

Financials