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Steel Strips Wheels Ltd (SSWL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513262 NSE: SSWL Auto Ancillary | Small Cap | Steel Strips Wheels Share Price

₹226.80 -7.85 (-3.35%)

As on 10-Jun'26 16:59

Steel Strips Wheels Ltd (SSWL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513262 NSE: SSWL Auto Ancillary | Small Cap | Steel Strips Wheels Share Price

₹226.80 -7.85 (-3.35%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,565 Cr.
Current Price
₹226.8
52-Week Low / High
₹169 / 280
TTM EPS
₹12.9
TTM Sales
₹5,183 Cr.
Book Value per Share
₹108
P/E Ratio
17.64
Higher than its 5-year historical median
Industry PE
42.6
Price to Book (P/B)
2.10
Lower than its 5-year historical median
Price to Sales (P/S)
0.69
Lower than its 5-year historical median
EV/EBITDA
8.38
In line with its 5-year historical median
Dividend Yield
0.70%
Profitability Efficiency
Return on Equity (ROE)
15.14%
Outperforms industry median
Return on Capital Employed (ROCE)
17.14%
Outperforms industry median
Return on Assets (ROA)
6.36%
Operating Profit Margin
11%
Net Profit Margin
4.74%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.65%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
4.65%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-4.52%
Asset Quality
Promoter Holding
61.14%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,682 Cr.
Equity
₹15.7 Cr.
Face Value
₹1
All Time Low / High
₹0.40 / 298.90

Steel Strips Wheels stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Strong
Q.1 Is Steel Strips Wheels Ltd a good quality company?
Steel Strips Wheels Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Steel Strips Wheels Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Steel Strips Wheels Ltd vs industry peers?
Steel Strips Wheels Ltd revenue CAGR is 23.15%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Steel Strips Wheels Ltd?
Promoters hold 61.14% of the Steel Strips Wheels Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Valuation ratios of Steel Strips Wheels Ltd vs historical?
The current P/E ratio of 16.61 is higher than its historical median of 15.19, indicating that the stock is trading above its historical average valuation.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Steel Strips Wheels Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.9%11.3%10.9%12.4%7.4%9%23.5%22.1%19.3%17.1%-
Value Creation
Index
-0.2-0.2-0.2-0.1-0.5-0.40.70.60.40.2-

Growth Parameters

Sales 1,1821,3301,5182,0411,5631,7493,5604,0414,3574,4295,183
Sales YoY Gr.-12.5%14.2%34.5%-23.4%11.9%103.5%13.5%7.8%1.7%-
Adj EPS 43.555.51.73.113.113.11413.412.9
YoY Gr.--12.6%45.7%9.1%-70%89.7%319.8%-0.4%7.1%-4.6%-
BVPS (₹) 26.529.53438.540.944.25768.982.294.5108
Adj Net
Profit
60.453.778.585.725.748.8205205220210202
Cash Flow from Ops. 94.712123318410416940634865518-
Debt/CF from Ops. 7.17.24.75.49.65.51.91.816.11.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 15.8%23.2%7.6%1.7%
Adj EPS 14.5%52%0.6%-4.6%
BVPS15.2%18.2%18.4%15%
Share Price 17.8% 24.8% 12.5% -8.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.111.114.313.53.76.724.119.617.714.512.7
Op. Profit
Mgn %
12.312.413.612.311.211.712.711.410.7119.9
Net Profit
Mgn %
5.145.24.21.62.85.85.15.14.73.9
Debt to
Equity
1.71.92.11.71.61.40.90.60.80.60.2
Working Cap
Days
11911914112015717211010910911753
Cash Conv.
Cycle
434449426563302833362

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,1821,3301,5182,0411,5631,7493,5604,0414,3574,429
Operating Expenses + 1,0371,1651,3181,7951,3921,5463,1073,5983,8923,942
Manufacturing Costs143153173183165190387406437449
Material Costs7017989041,3049661,0992,1872,6642,8362,858
Employee Cost 103119136188156153227284358380
Other Costs 8996105121105104307245261255
Operating Profit 145165200246171204453443465487
Operating Profit Margin (%) 12.3%12.4%13.2%12.0%11.0%11.6%12.7%11.0%10.7%11.0%
Other Income + 19181317221613121613
Exceptional Items 01-0-0-0-00000
Interest 4351649389848584103117
Depreciation 424853627272778090101
Profit Before Tax 7986971093364304291289282
Tax 1830222791598976972
Profit After Tax 615675822349205194220210
PAT Margin (%) 5.2%4.2%5.0%4.0%1.5%2.8%5.8%4.8%5.1%4.7%
Adjusted EPS (₹)4.03.64.85.31.53.213.212.414.013.4
Dividend Payout Ratio (%)3.70%8.40%8.30%7.60%0%6.30%5.70%8.10%7.10%9.30%

Valuation of Steel Strips Wheels - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4575115826536917429421,1301,3431,536
Share Capital 15161616161616161616
Reserves 4414965666376757269261,1151,3271,521
Debt +597786900851898769683578942735
Long Term Debt275391491458442380279161381279
Short Term Debt322395410393457389404417561456
Minority Interest0000000000
Trade Payables127149325257214412659695600752
Others Liabilities 147285368392376454418378349342
Total Liabilities 1,3291,7322,1762,1532,1792,3772,7022,7813,2343,365

Fixed Assets

Net Fixed Assets +7057451,0291,3291,3071,2591,3601,3491,4571,628
Gross Block1,0761,1631,4961,8561,9041,9232,0992,1662,3632,622
Accumulated Depreciation371419466526598663739818906994
CWIP 52352323538510997163346271
Investments 00000004916
Inventories148177266338329496647734697743
Trade Receivables169205313194210257392349440486
Cash Equivalents 12212113112192535844313
Others Assets 133133114118156201148139254218
Total Assets 1,3291,7322,1762,1532,1792,3772,7022,7813,2343,365

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 9512123318410416940634865518
PBT 7986981093264301291289282
Adjustment 6784113148152144154152183210
Changes in Working Capital -48-2945-47-72-25-2-48-34591
Tax Paid -4-20-22-27-9-15-46-48-62-65
Cash Flow From Investing Activity + -91-375-299-80-69-37-154-128-370-192
Capex -112-388-305-81-77-49-165-136-381-197
Net Investments 0-000000-400
Others 2113608121112115
Cash Flow From Financing Activity + 1825376-113-64-171-248-234292-354
Net Proceeds from Shares 016223-2100110
Net Proceeds from Borrowing 42217145-3342-174-118265-116
Interest Paid -35-50-70-97-92-84-85-83-103-117
Dividend Paid -3-3-6-8-80-3-12-16-16
Others 14734253-8915-21144-105
Net Cash Flow 22-110-10-29-395-14-13-28

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.412.9115.2114.593.797.4226.0419.7118.5815.14
ROCE (%)11.8711.3310.8612.397.449.0123.522.0619.2717.14
Asset Turnover Ratio1.040.970.80.940.720.771.41.471.451.34
PAT to CFO Conversion(x)1.562.163.112.244.523.451.981.790.32.47
Working Capital Days
Receivable Days46.1046.1060.6045.3047.1048.7033.3033.503338.20
Inventory Days39.6040.1051.905477.9086.2058.6062.4059.9059.30
Payable Days64.7063.3095.8081.6089103.9089.4092.8083.3086.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.940.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Steel Strips Wheels Ltd FAQs

The current trading price of Steel Strips Wheels on 10-Jun-2026 16:59 is ₹226.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Steel Strips Wheels stood at ₹3,564.9 Cr

The latest P/E ratio of Steel Strips Wheels as of 09-Jun-2026 is 17.64.

The latest P/B ratio of Steel Strips Wheels as of 09-Jun-2026 is 2.10.

The 52-week high of Steel Strips Wheels is ₹279.6 and the 52-week low is ₹169.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Steel Strips Wheels is ₹5,183 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Steel Strips Wheels Ltd is a average quality company.

The key valuation ratios of Steel Strips Wheels Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Steel Strips Wheels Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Steel Strips Wheels Ltd

Steel Strips Wheels Ltd., established in 1985 is a part of the Steel Strips Group, headquartered in Chandigarh. The company is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches dia for scooters, passenger cars, utility vehicles and tractors.

Product range of the company includes:

The company manufactures single piece steel wheel rims for:

  • Passenger Cars, 2/3 wheelers
  • Commercial Vehicles & Earth Mover Segment
  • Tractors Segment
  • Caravans Segment

Achievements/ recognition:

  • SQ 9000 certification by BVQI
  • In house R&D Recognition by DSIR, Govt. of India
  • ISO /TS 16949 certification by BVQI
  • ISO 14001 certification by BVQI
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