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Swing Capital

Steel Strips Wheels Ltd

NSE: SSWL BSE: 513262Auto

**Company Overview ** Steel Strips Wheels Ltd was incorporated in 1985 and started its operations in 1991. It designs, manufactures, and supplies Steel Wheel Rims and Alloy Wheels for a wide range of domestic and global automobile makers. It is Headquarter in Chandigarh. [1]

₹207
52W: ₹169 — ₹280
PE 16.3 · Book ₹104 · +99% vs book
Market Cap₹3,247 Cr
Stock P/E16.3Price to Earnings
ROCE16.8%Return on Capital
ROE14.5%Return on Equity
Div. Yield0.59%Face Value ₹1

Weaknesses

  • −Dividend payout has been low at 8.18% of profits over last 3 years

Shareholding Pattern

Promoters61.15%
FIIs8.22%
DIIs5.08%
Public25.57%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters60.98%60.98%60.98%61.24%▲0.361.15%▼0.161.15%61.15%61.15%
FIIs6.35%6.56%▲0.26.84%▲0.36.71%▼0.17.91%▲1.28.73%▲0.88.33%▼0.48.22%▼0.1
DIIs4.03%4.79%▲0.84.86%▲0.15.05%▲0.25.27%▲0.24.62%▼0.64.71%▲0.15.08%▲0.4
Public28.5%27.69%▼0.827.34%▼0.427.01%▼0.325.67%▼1.325.51%▼0.225.83%▲0.325.57%▼0.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1,1341,1101,0691,0251,0951,0751,2341,1871,2011,321
Expenses1,0099949589119759561,0991,0651,0891,193
Operating Profit124117111114120118135122112128
OPM %11%11%10%11%11%11%11%10%9%10%
Net Profit52606046505262503949
EPS ₹3.353.793.852.943.23.33.933.182.453.13

AI Insights

Revenue Trend

TTM revenue at ₹4,942Cr, up 11.6% YoY. OPM at 10%.

Debt Position

Borrowings at ₹903Cr. Debt-to-equity ratio: 0.56x. Moderate leverage.

Capex Cycle

CWIP at ₹389Cr (25% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 5.08% (+3.85pp change). FIIs: 8.22% (+2.59pp change). Promoters hold 61.15%.

Margin & Efficiency

ROCE improving from 6% (Mar 2014) to 17% (Mar 2025). Working capital days: 3.

Valuation

PE 16.3x with 16.8% ROCE. Price is 99% above book value of ₹104. Dividend yield: 0.59%.

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