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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
₹362.25 -10.10 (-2.71%)
As on 21-Sep'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
₹362.25 -10.10 (-2.71%)
As on 21-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹5,856 Cr.
Current Price
₹362.3
52-Week Low / High
₹169 / 384
TTM EPS
₹13.5
TTM Sales
₹5,506 Cr.
Book Value per Share
₹113
P/E Ratio
27.57
Higher than its 5-year historical median
Industry PE
49.2
Price to Book (P/B)
3.30
Higher than its 5-year historical median
Price to Sales (P/S)
1.06
Higher than its 5-year historical median
EV/EBITDA
12.02
Higher than its 5-year historical median
Dividend Yield
0.41%
Profitability Efficiency
Return on Equity (ROE)
11.75%
Underperforms industry median
Return on Capital Employed (ROCE)
15.38%
Outperforms industry median
Return on Assets (ROA)
5.26%
Operating Profit Margin
10%
Net Profit Margin
3.67%
Gross Profit Margin
7.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
17.02%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
5.35%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-2.59%
Asset Quality
Promoter Holding
61.14%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,761 Cr.
Equity
₹15.7 Cr.
Face Value
₹1
All Time Low / High
₹0.40 / 383.90
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Strong
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?
Revenue growth of Steel Strips Wheels Ltd vs industry peers?
Steel Strips Wheels Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.79%, indicating slower growth and losing its market share.
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.
Stock return of Steel Strips Wheels Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20.5% based on the current price.
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.3% | 10.9% | 12.4% | 7.4% | 9% | 23.5% | 22.1% | 19.3% | 17.1% | 16.3% | - |
| Value Creation Index ⓘ | -0.2 | -0.2 | -0.1 | -0.5 | -0.4 | 0.7 | 0.6 | 0.4 | 0.2 | 0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,330 | 1,518 | 2,041 | 1,563 | 1,749 | 3,560 | 4,041 | 4,357 | 4,429 | 5,183 | 5,506 |
| Sales YoY Gr. | - | 14.2% | 34.5% | -23.4% | 11.9% | 103.5% | 13.5% | 7.8% | 1.7% | 17% | - |
| Adj EPS ⓘ | 3.5 | 5 | 5.5 | 1.7 | 3.1 | 13.1 | 13.1 | 14 | 13.4 | 13.2 | 14.2 |
| YoY Gr. | - | 45.7% | 9.1% | -70% | 89.7% | 319.8% | -0.4% | 7.1% | -4.6% | -1.6% | - |
| BVPS (₹) ⓘ | 29.5 | 34 | 38.5 | 40.9 | 44.2 | 57 | 68.9 | 82.2 | 94.5 | 106.4 | 110.9 |
| Adj Net Profit ⓘ | 53.7 | 78.5 | 85.7 | 25.7 | 48.8 | 205 | 205 | 220 | 210 | 207 | 224 |
| Cash Flow from Ops. ⓘ | 121 | 233 | 184 | 104 | 169 | 406 | 348 | 65 | 518 | 331 | - |
| Debt/CF from Ops. ⓘ | 7.2 | 4.7 | 5.4 | 9.6 | 5.5 | 1.9 | 1.8 | 16.1 | 1.6 | 2.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 16.3% | 24.3% | 8.7% | 17% | ||||
| Adj EPS ⓘ | 16% | 33.3% | 0.2% | -1.6% | ||||
| BVPSⓘ | 15.3% | 19.2% | 15.6% | 12.5% | ||||
| Share Price | 20.1% | 15.5% | 12.2% | 48.5% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.1 | 14.3 | 13.5 | 3.7 | 6.7 | 24.1 | 19.6 | 17.7 | 14.5 | 12.6 | 13.1 |
| Op. Profit Mgn % ⓘ | 12.4 | 13.6 | 12.3 | 11.2 | 11.7 | 12.7 | 11.4 | 10.7 | 11 | 10 | 10 |
| Net Profit Mgn % ⓘ | 4 | 5.2 | 4.2 | 1.6 | 2.8 | 5.8 | 5.1 | 5.1 | 4.7 | 4 | 4.1 |
| Debt to Equity ⓘ | 1.9 | 2.1 | 1.7 | 1.6 | 1.4 | 0.9 | 0.6 | 0.8 | 0.6 | 0.5 | - |
| Working Cap Days ⓘ | 119 | 141 | 120 | 157 | 172 | 110 | 109 | 109 | 117 | 115 | 53 |
| Cash Conv. Cycle ⓘ | 44 | 49 | 42 | 65 | 63 | 30 | 28 | 33 | 36 | 31 | 2 |
Valuation of Steel Strips Wheels - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 3,560 | 4,041 | 4,357 | 4,429 | 5,183 |
| Operating Expenses ⓘ + | 3,107 | 3,598 | 3,893 | 3,945 | 4,673 |
| Operating Profit ⓘ | 453 | 443 | 464 | 484 | 510 |
| Operating Profit Margin (%) | 12.7% | 11.0% | 10.6% | 10.9% | 9.8% |
| Other Income ⓘ + | 13 | 12 | 14 | 3 | 3 |
| Interest ⓘ | 85 | 84 | 103 | 117 | 123 |
| Depreciation ⓘ | 77 | 80 | 104 | 111 | 136 |
| Profit Before Tax ⓘ | 304 | 291 | 743 | 259 | 254 |
| Tax ⓘ | 98 | 97 | 69 | 64 | 64 |
| Profit After Tax | 205 | 194 | 675 | 195 | 190 |
| PAT Margin (%) | 5.8% | 4.8% | 15.5% | 4.4% | 3.7% |
| Adjusted EPS (₹) | 13.2 | 12.4 | 43.0 | 12.4 | 12.1 |
| Dividend Payout Ratio (%) | 5.70% | 8.10% | 2.30% | 10% | 12.40% |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 942 | 1,130 | 1,439 | 1,618 | 1,795 | ||||||
| Debt + | 683 | 578 | 942 | 735 | 720 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 659 | 695 | 600 | 753 | 1,002 | ||||||
| Others Liabilities ⓘ | 418 | 378 | 311 | 293 | 315 | ||||||
| Total Liabilities ⓘ | 2,702 | 2,781 | 3,293 | 3,399 | 3,831 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1,360 | 1,349 | 1,628 | 1,782 | 1,971 | ||||||
| CWIP ⓘ | 97 | 163 | 363 | 288 | 154 | ||||||
| Investments ⓘ | 0 | 4 | 4 | 10 | 11 | ||||||
| Inventories | 647 | 734 | 697 | 743 | 952 | ||||||
| Trade Receivables | 392 | 349 | 440 | 486 | 609 | ||||||
| Cash Equivalents | 58 | 44 | 43 | 10 | 11 | ||||||
| Others Assets ⓘ | 148 | 139 | 119 | 79 | 123 | ||||||
| Total Assets ⓘ | 2,702 | 2,781 | 3,293 | 3,399 | 3,831 | ||||||
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 406 | 348 | 193 | 517 | 332 |
| Cash Flow From Investing Activity ⓘ + | -154 | -128 | -365 | -196 | -186 |
| Cash Flow From Financing Activity ⓘ + | -248 | -234 | 171 | -354 | -144 |
| Net Cash Flow ⓘ | 5 | -14 | -1 | -33 | 1 |
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 23.11 | 19.71 | 55.55 | 13.55 | 11.75 | |||||
| ROCE (%) | 23.19 | 22.06 | 41.04 | 15.78 | 15.38 | |||||
| Asset Turnover Ratio | 1.32 | 1.47 | 1.43 | 1.32 | 1.43 | |||||
| PAT to CFO Conversion(x) | 1.98 | 1.79 | 0.29 | 2.65 | 1.75 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 40.20 | 33.50 | 33 | 38.20 | 38.60 | |||||
| Inventory Days | 66.30 | 62.40 | 59.90 | 59.30 | 59.70 | |||||
| Payable Days | 110 | 92.80 | 83.30 | 86.40 | 94.20 | |||||
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Steel Strips Wheels Ltd FAQs
The current trading price of Steel Strips Wheels on 21-Sep-2026 16:59 is ₹362.2.
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 20-Sep-2026 the market cap of Steel Strips Wheels stood at ₹5,855.8 Cr
The latest P/E ratio of Steel Strips Wheels as of 20-Sep-2026 is 26.18.
The latest P/B ratio of Steel Strips Wheels as of 20-Sep-2026 is 3.36.
The 52-week high of Steel Strips Wheels is ₹383.9 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 ₹5,506 ( 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 Fair 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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