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Steel Strips Wheels Overview

Steel Strips Wheels Ltd is engaged within the production of stell wheel rims catering to various segments of automobile industry. The Company operates in Automotive Wheels section and its segments are both inside and Outside of India. Its products consist of metal wheels and alloy wheels, which include steel wheels for two and three wheelers, passenger automobiles, high speed trailers, truck, trailers, tractors and off road vehicles. It offer a range of diameters, widths and finishes, which can be changed as according to utility and wishes of c...Read More

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Steel Strips Wheels Key Financials

Market Cap ₹3584 Cr.

Stock P/E 18.4

P/B 2.1

Current Price ₹228

Book Value ₹ 106.3

Face Value 1

52W High ₹279.6

Dividend Yield 0.55%

52W Low ₹ 167.5

Steel Strips Wheels Share Price

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Volume
Price

Steel Strips Wheels Quarterly Price

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Steel Strips Wheels Peer Comparison

Steel Strips Wheels Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1134 1110 1069 1025 1095 1075 1234 1187 1201 1321
Other Income 3 2 5 1 0 0 1 1 1 0
Total Income 1137 1112 1073 1027 1096 1075 1235 1188 1201 1321
Total Expenditure 1009 994 959 912 976 957 1100 1065 1089 1193
Operating Profit 127 118 115 114 120 118 135 122 112 128
Interest 26 25 28 31 30 26 29 29 32 31
Depreciation 22 23 37 29 28 27 28 32 32 35
Exceptional Income / Expenses 0 0 473 0 0 0 0 0 0 0
Profit Before Tax 79 71 523 55 62 65 78 61 48 62
Provision for Tax 26 11 7 14 16 17 17 14 13 15
Profit After Tax 52 60 516 41 46 48 61 47 36 47
Adjustments -0 -0 -0 0 0 -0 -0 0 -0 0
Profit After Adjustments 52 59 516 41 46 48 61 47 36 47
Adjusted Earnings Per Share 3.3 3.8 32.9 2.6 2.9 3 3.9 3 2.3 3

Steel Strips Wheels Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3560 4041 4357 4429 4943
Other Income 13 12 14 3 3
Total Income 3573 4053 4371 4432 4945
Total Expenditure 3107 3598 3893 3945 4447
Operating Profit 466 455 478 488 497
Interest 85 84 103 117 121
Depreciation 77 80 104 111 127
Exceptional Income / Expenses 0 0 473 0 0
Profit Before Tax 304 291 743 259 249
Provision for Tax 98 97 69 64 59
Profit After Tax 205 194 675 195 191
Adjustments 0 0 0 0 0
Profit After Adjustments 205 194 675 195 191
Adjusted Earnings Per Share 13.2 12.4 43 12.4 12.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 8% 0% 0%
Operating Profit CAGR 2% 2% 0% 0%
PAT CAGR -71% -2% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 21% 13% 30% 21%
ROE Average 14% 30% 28% 28%
ROCE Average 16% 26% 26% 26%

Steel Strips Wheels Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 952 1135 1442 1626
Minority's Interest 0 0 0 0
Borrowings 279 161 381 279
Other Non-Current Liabilities 269 270 132 124
Total Current Liabilities 1201 1215 1337 1371
Total Liabilities 2702 2781 3293 3399
Fixed Assets 1360 1349 1628 1782
Other Non-Current Assets 137 255 451 341
Total Current Assets 1205 1178 1214 1276
Total Assets 2702 2781 3293 3399

Steel Strips Wheels Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 53 58 44 43
Cash Flow from Operating Activities 406 348 193 517
Cash Flow from Investing Activities -154 -128 -365 -196
Cash Flow from Financing Activities -248 -234 171 -354
Net Cash Inflow / Outflow 5 -14 -1 -33
Closing Cash & Cash Equivalent 58 44 43 10

Steel Strips Wheels Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 13.16 12.38 42.99 12.44
CEPS(Rs) 18.09 17.52 49.63 19.53
DPS(Rs) 0.75 1 1 1.25
Book NAV/Share(Rs) 56.95 68.85 86.13 97.53
Core EBITDA Margin(%) 12.72 10.96 10.65 10.94
EBIT Margin(%) 10.93 9.28 19.42 8.49
Pre Tax Margin(%) 8.53 7.21 17.06 5.85
PAT Margin (%) 5.77 4.8 15.48 4.41
Cash Profit Margin (%) 7.93 6.79 17.88 6.92
ROA(%) 7.61 7.07 22.22 5.84
ROE(%) 23.11 19.71 55.55 13.55
ROCE(%) 23.19 22.06 41.04 15.78
Receivable days 40.23 33.47 33.03 38.16
Inventory Days 66.34 62.37 59.93 59.32
Payable days 110 92.77 83.32 86.39
PER(x) 12.27 11.94 5.14 14.29
Price/Book(x) 2.84 2.15 2.57 1.82
Dividend Yield(%) 0.46 0.68 0.45 0.7
EV/Net Sales(x) 0.91 0.72 1.03 0.81
EV/Core EBITDA(x) 6.96 6.39 9.37 7.4
Net Sales Growth(%) 0 13.5 7.83 1.65
EBIT Growth(%) 0 -3.65 125.77 -55.53
PAT Growth(%) 0 -5.68 248.15 -71.06
EPS Growth(%) 0 -5.93 247.22 -71.06
Debt/Equity(x) 0.88 0.59 0.78 0.54
Current Ratio(x) 1 0.97 0.91 0.93
Quick Ratio(x) 0.46 0.37 0.39 0.39
Interest Cover(x) 4.55 4.49 8.24 3.21
Total Debt/Mcap(x) 0.31 0.28 0.3 0.3

Steel Strips Wheels Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 62.27 61.91 60.98 60.98 60.98 60.98 61.24 61.14 61.14 61.14
FII 6.05 6.07 5.94 6.34 6.55 6.83 6.71 7.91 8.73 8.33
DII 2.24 2.81 4.27 4.18 4.79 4.86 5.06 5.27 4.62 4.7
Public 29.44 29.2 28.8 28.49 27.67 27.33 27 25.68 25.51 25.82
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Steel Strips Wheels News

Steel Strips Wheels Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 30%
  • Company has reduced debt.

Cons

  • Debtor days have increased from 83.32 to 86.39days.
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