Steel Strips Wheels Ltd (IN:SSWL)
:SSWL
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Steel Strips Wheels Ltd
(SSWL)
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Rating:64Neutral
Price Target:
₹243.00
▲(15.11% Upside)
Action:Reiterated
Date:06/05/26
The score is driven primarily by solid financial performance with improving leverage but meaningful cash-flow volatility, supported by strong technical uptrend and positive momentum. Valuation is moderate, though the dividend yield offers limited downside support.
Positive Factors
Diversified revenue streams (OEM, aftermarket, exports)
Serving OEM, aftermarket and export channels gives Steel Strips Wheels structural revenue diversification. Multiple end markets reduce exposure to any single OEM program or geography, supporting steadier volumes, repeat business and resilience across vehicle-cycle swings over the next 2–6 months.
Negative Factors
Uneven cash generation and weak OCF coverage
Operating cash flow covering only ~20% of sales and swingy free cash flow (negative in FY2024, strong in FY2025, then down sharply in FY2026) signals working-capital or capex volatility. This undermines consistent self-funding ability and heightens refinancing or external funding reliance in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams (OEM, aftermarket, exports)
Serving OEM, aftermarket and export channels gives Steel Strips Wheels structural revenue diversification. Multiple end markets reduce exposure to any single OEM program or geography, supporting steadier volumes, repeat business and resilience across vehicle-cycle swings over the next 2–6 months.
Read all positive factors
Steel Strips Wheels Ltd (SSWL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.64B
Dividend Yield0.65%
Average Volume (3M)13.64K
Price to Earnings (P/E)18.7
Beta (1Y)1.20
Revenue Growth15.91%
EPS Growth-70.79%
CountryIN
Employees2,801
SectorBasic Materials
Sector Strength58
IndustryAuto - Parts
Share Statistics
EPS (TTM)12.18
Shares Outstanding157,180,420
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)15.9
Revenue Forecast (FY)₹62.50B
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 vehicle wheels (steel and alloy) to customers in the automotive value chain. Its key revenue streams are: (1) OEM supply: sales of wheels directly to vehicle manufacturers under supply agreem...
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 | 46.96B | 51.83B | 44.29B | 43.57B | 40.41B | 35.60B |
| Gross Profit | 16.49B | 17.84B | 15.71B | 15.21B | 13.77B | 9.78B |
| EBITDA | 4.87B | 5.13B | 4.84B | 9.51B | 4.55B | 4.66B |
| Net Income | 1.91B | 1.90B | 1.95B | 6.75B | 1.94B | 2.05B |
Balance Sheet | ||||||
| Total Assets | 34.20B | 38.31B | 33.99B | 33.04B | 27.81B | 27.02B |
| Cash, Cash Equivalents and Short-Term Investments | 124.38M | 114.64M | 100.95M | 422.35M | 435.66M | 232.09M |
| Total Debt | 9.03B | 8.28B | 8.28B | 10.48B | 6.38B | 7.78B |
| Total Liabilities | 17.09B | 20.27B | 17.73B | 18.61B | 16.47B | 17.50B |
| Stockholders Equity | 17.11B | 18.05B | 16.26B | 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
Positive
211.10
Price Trends
215.13
Positive
207.81
Positive
210.38
Positive
Market Momentum
5.67
Negative
57.90
Neutral
29.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SSWL, the sentiment is Positive. The current price of 211.1 is below the 20-day moving average (MA) of 220.83, below the 50-day MA of 215.13, and above the 200-day MA of 210.38, indicating a bullish trend. The MACD of 5.67 indicates Negative momentum. The RSI at 57.90 is Neutral, neither overbought nor oversold. The STOCH value of 29.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SSWL.
Steel Strips Wheels Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹49.46B | 15.51 | ― | 1.07% | 19.29% | 5.17% | |
66 Neutral | ₹46.68B | 13.75 | ― | 2.75% | 13.79% | 7.50% | |
65 Neutral | ₹37.34B | 24.06 | ― | 1.34% | 15.19% | 39.82% | |
64 Neutral | ₹35.64B | 18.72 | ― | 0.65% | 15.91% | -70.79% | |
64 Neutral | ₹17.70B | 15.15 | ― | 0.95% | -3.98% | 9.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹31.48B | 44.10 | ― | 0.40% | 11.97% | 245.60% |
* Basic Materials Sector Average
IN:SSWL
Steel Strips Wheels Ltd
229.65
-26.22
-10.25%
IN:GNA
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IN:LGBBROSLTD
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28.61%
IN:SHARDAMOTR
Sharda Motor Industries Ltd.
825.20
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IN:TVSSRICHAK
TVS Srichakra Limited
4,109.25
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IN:WHEELS
Wheels India Limited
1,554.00
806.18
107.80%
Steel Strips Wheels Ltd Corporate Events
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...
Steel Strips Wheels Director Resigns Following Exit from Tata Steel
Mar 18, 2026
Steel Strips Wheels Ltd has announced the resignation of Sanjay Surajprakash Sahni as a non-executive nominee director on its board, effective at the close of business on March 18, 2026. Sahni, who was nominated by equity investor Tata Steel Ltd, ...
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.