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Steel Strips Wheels Ltd
(SSWL)
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Rating:62Neutral
Price Target:
₹323.00
▲(9.55% Upside)
Action:Reiterated
Date:07/02/26
The score is driven primarily by improving balance-sheet leverage and strong revenue scaling, but is held back by inconsistent cash generation and recent margin compression. Technicals are a supportive secondary factor with price trending above key moving averages, while valuation is only moderately attractive due to a mid-range P/E and low dividend yield.
Positive Factors
Strong revenue scaling
Sustained revenue expansion indicates growing customer demand and production scale. For an OEM- and export-oriented wheel maker, this can support better capacity utilization and strengthen the platform for future volume growth.
Negative Factors
Uneven cash generation
Volatile free cash flow weakens confidence in earnings quality and limits internally funded growth. Working-capital swings or capital intensity may continue to absorb profits, constraining debt reduction, investment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue scaling
Sustained revenue expansion indicates growing customer demand and production scale. For an OEM- and export-oriented wheel maker, this can support better capacity utilization and strengthen the platform for future volume growth.
Read all positive factors
Steel Strips Wheels Ltd (SSWL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹47.95B
Dividend Yield0.42%
Average Volume (3M)13.64K
Price to Earnings (P/E)21.8
Beta (1Y)1.19
Revenue Growth19.94%
EPS Growth5.13%
CountryIN
Employees2,801
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)13.52
Shares Outstanding157,265,100
10 Day Avg. Volume6,866
30 Day Avg. Volume13,636
Financial Highlights & Ratios
PEG Ratio-5.68
Price to Book (P/B)1.64
Price to Sales (P/S)0.57
P/FCF Ratio21.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.15
Revenue Forecast (FY)₹62.29B
Steel Strips Wheels Ltd Business Overview & Revenue Model
Company Description
Steel Strips Wheels Limited is a leading company involved in the design, manufacturing, and distribution of both steel and alloy wheel rims for the automotive industry. Its products are sold both domestically within India and in international mark...
How the Company Makes Money
SSWL primarily makes money by manufacturing and selling automotive wheels. Its revenue model is product-led, with sales generated from (1) OEM supply: wheels sold directly to vehicle manufacturers under supply agreements for fitment on new vehicle...
Steel Strips Wheels Ltd Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
63
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.06B | 51.83B | 44.29B | 43.57B | 40.41B | 35.60B |
| Gross Profit | 19.60B | 17.84B | 15.84B | 15.21B | 12.49B | 13.63B |
| EBITDA | 5.55B | 5.13B | 4.84B | 9.47B | 4.55B | 4.66B |
| Net Income | 2.12B | 1.90B | 1.95B | 6.75B | 1.94B | 2.05B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 38.31B | 33.98B | 32.92B | 27.81B | 27.02B |
| Cash, Cash Equivalents and Short-Term Investments | 114.00M | 114.64M | 95.41M | 422.35M | 183.31M | 232.04M |
| Total Debt | 0.00 | 8.28B | 8.28B | 10.48B | 6.38B | 7.78B |
| Total Liabilities | -18.05B | 20.27B | 17.73B | 18.46B | 16.47B | 17.50B |
| Stockholders Equity | 18.05B | 18.05B | 16.25B | 14.42B | 11.35B | 9.52B |
Cash Flow | ||||||
| Free Cash Flow | -182.32M | 1.39B | 3.04B | -1.90B | 2.11B | 2.37B |
| Operating Cash Flow | 992.17M | 3.32B | 5.17B | 1.93B | 3.48B | 4.06B |
| Investing Cash Flow | -1.12B | -1.86B | -1.96B | -3.65B | -1.28B | -1.54B |
| Financing Cash Flow | 152.96M | -1.44B | -3.54B | 1.71B | -2.34B | -2.48B |
Steel Strips Wheels Ltd Technical Analysis
Neutral
294.85
Price Trends
272.37
Positive
240.97
Positive
221.35
Positive
Market Momentum
9.68
Positive
48.31
Neutral
23.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SSWL, the sentiment is Neutral. The current price of 294.85 is below the 20-day moving average (MA) of 309.04, above the 50-day MA of 272.37, and above the 200-day MA of 221.35, indicating a neutral trend. The MACD of 9.68 indicates Positive momentum. The RSI at 48.31 is Neutral, neither overbought nor oversold. The STOCH value of 23.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SSWL.
Steel Strips Wheels Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹24.38B | 18.27 | ― | 0.59% | 8.11% | 29.23% | |
73 Outperform | ₹52.98B | 15.79 | ― | 2.75% | 25.60% | -1.78% | |
65 Neutral | ₹51.03B | 16.02 | ― | 1.07% | 20.77% | 4.95% | |
63 Neutral | ₹36.21B | 22.61 | ― | 0.97% | 17.47% | 39.52% | |
62 Neutral | ₹47.95B | 21.82 | ― | 0.42% | 19.94% | 5.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹37.69B | 40.44 | ― | 0.40% | 18.56% | 244.53% |
* General Sector Average
IN:SSWL
Steel Strips Wheels Ltd
294.70
84.34
40.09%
IN:GNA
GNA Axles Ltd
561.15
248.64
79.56%
IN:LGBBROSLTD
L.G. Balakrishnan & Bros Ltd.
1,608.45
325.67
25.39%
IN:SHARDAMOTR
Sharda Motor Industries Ltd.
911.90
-145.50
-13.76%
IN:TVSSRICHAK
TVS Srichakra Limited
4,874.35
1,994.57
69.26%
IN:WHEELS
Wheels India Limited
1,511.80
766.84
102.94%
Steel Strips Wheels Ltd Corporate Events
Steel Strips Wheels Publishes Notice on Transfer of Shares to IEPF
Aug 3, 2026
Steel Strips Wheels Ltd notified exchanges that it has published a shareholder notice regarding the proposed transfer of certain equity shares to the Investor Education and Protection Fund Authority, in line with SEBI’s listing and disclosur...
Steel Strips Wheels releases July 2026 investor presentation
Jul 15, 2026
Steel Strips Wheels Ltd. has notified the National Stock Exchange of India and BSE that it has released an investor presentation for July 2026, in line with regulatory disclosure requirements. The filing, signed by the company secretary and compli...
Steel Strips Wheels posts Q4 FY26 earnings call recording for investors
Jun 2, 2026
Steel Strips Wheels Ltd. has notified stock exchanges that the audio recording of its Q4 FY26 earnings conference call with analysts and institutional investors, held on June 2, 2025, has been made available on the company’s website. The com...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.