Steel Strips Wheels Ltd (SSWL) AI Stock Analysis

• Market Cap: ₹35.59B
• Dividend Yield: 0.65%
• Average Volume (3M): 13.64K
• Price to Earnings (P/E): 17.6
• Beta (1Y): 0.88
• Revenue Growth: 9.22%
• EPS Growth: -71.14%
• Country: IN
• Employees: 2,801
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Auto - Parts
• EPS (TTM): 2.26
• Shares Outstanding: 157,180,420
• 10 Day Avg. Volume: 6,866
• 30 Day Avg. Volume: 13,636
• PEG Ratio: -0.21
• Price to Book (P/B): 1.82
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 9.72
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹213.00 ▲(9.43% Upside)

Steel Strips Wheels Ltd has a strong financial foundation with robust revenue growth and effective cost management. However, the current technical indicators reflect bearish momentum, which weighs down the overall score. The valuation is fair, but the low dividend yield may not appeal to all investors. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and product demand, supporting long-term business sustainability and market position.

Cash Generation

Strong cash generation enhances financial flexibility, enabling reinvestment in growth opportunities and resilience against market fluctuations.

Balance Sheet Health

Improved leverage management strengthens the balance sheet, reducing financial risk and supporting sustainable growth.

Negative Factors

Earnings Volatility

Fluctuating net profit margins can indicate challenges in maintaining consistent profitability, potentially impacting investor confidence and strategic planning.

EPS Decline

A significant decline in EPS growth suggests potential issues in profitability or cost management, which could affect shareholder returns and market perception.

Profitability Fluctuations

Fluctuations in profitability metrics indicate potential instability in cost control or market conditions, affecting long-term financial performance.

Steel Strips Wheels Ltd Business Overview & Revenue Model

Company Description

Steel Strips Wheels Ltd (SSWL) is a prominent manufacturer and supplier of steel wheels for various automotive applications. The company operates primarily in the automotive sector, producing high-quality steel wheels for passenger vehicles, commercial vehicles, and two-wheelers. SSWL focuses on innovation and quality, utilizing advanced technology in its manufacturing processes to ensure that its products meet stringent industry standards. The company also engages in the export of steel wheels to international markets, further enhancing its global presence.

How the Company Makes Money

SSWL generates revenue primarily through the production and sale of steel wheels to automobile manufacturers and aftermarket retailers. The company's key revenue streams include direct sales to major automotive OEMs (Original Equipment Manufacturers) and the aftermarket sales of wheels for replacement and customization purposes. SSWL benefits from long-term contracts with prominent automotive companies, ensuring a steady demand for its products. Additionally, the company may explore strategic partnerships with other manufacturers and suppliers to expand its market reach and enhance its product offerings, thereby contributing to its earnings. The export of steel wheels to international markets also plays a significant role in diversifying its revenue sources.

Steel Strips Wheels Ltd Financial Statement Overview

Summary

Steel Strips Wheels Ltd demonstrates a solid financial profile with strong revenue growth, effective cost management, and consistent cash flow generation. The balance sheet highlights stability with improving leverage, while cash flows underscore robust operational performance. Despite some fluctuations in profitability metrics, the company maintains a healthy financial trajectory with a focus on sustainability and growth.

Income Statement

Steel Strips Wheels Ltd has shown strong revenue growth over the past years, with a significant increase from 2021 to 2025. The gross profit margin and EBIT margin are both robust, indicating good cost management and operational efficiency. However, the net profit margin has seen some fluctuation, reflecting variability in bottom-line profitability. The revenue growth rate has been commendable, especially from 2021 onwards.

Balance Sheet

The company's balance sheet displays a healthy equity ratio, suggesting a solid asset base relative to equity. The debt-to-equity ratio improved over the period, indicating better leverage management. Return on equity has been positive, albeit with some fluctuations, which could imply varying returns on shareholder investments over the years.

Cash Flow

The cash flow statements reveal strong operating cash flow relative to net income, indicating good cash generation capabilities. There is notable improvement in free cash flow growth, especially in the recent period, demonstrating enhanced cash retention after capital expenditures. However, the cash flow from financing activities suggests a reduction in external financing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	45.90B	44.29B	43.57B	40.41B	35.60B	17.40B
Gross Profit	15.03B	15.71B	15.21B	13.77B	9.78B	4.62B
EBITDA	4.95B	4.84B	9.51B	4.55B	4.66B	2.20B
Net Income	2.02B	1.95B	6.75B	1.94B	2.05B	492.50M
Balance Sheet
Total Assets	0.00	33.99B	33.04B	27.81B	27.02B	23.77B
Cash, Cash Equivalents and Short-Term Investments	100.95M	100.95M	422.35M	435.66M	232.09M	531.96M
Total Debt	0.00	8.28B	10.48B	6.38B	7.78B	9.37B
Total Liabilities	-16.26B	17.73B	18.61B	16.47B	17.50B	16.27B
Stockholders Equity	16.26B	16.26B	14.42B	11.35B	9.52B	7.49B
Cash Flow
Free Cash Flow	0.00	3.04B	-1.90B	2.11B	2.37B	1.13B
Operating Cash Flow	0.00	5.17B	1.93B	3.48B	4.06B	1.69B
Investing Cash Flow	0.00	-1.96B	-3.65B	-1.28B	-1.54B	-370.53M
Financing Cash Flow	0.00	-3.54B	1.71B	-2.34B	-2.48B	-1.71B

Steel Strips Wheels Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 194.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SSWL, the sentiment is Negative. The current price of 194.65 is below the 20-day moving average (MA) of 208.69, below the 50-day MA of 219.73, and below the 200-day MA of 218.14, indicating a bearish trend. The MACD of -8.39 indicates Positive momentum. The RSI at 23.85 is Positive, neither overbought nor oversold. The STOCH value of 3.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SSWL.

Steel Strips Wheels Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KSL	76 Outperform	₹37.16B	14.24	―	1.30%	-0.46%	4.85%
IMFA	76 Outperform	₹66.39B	18.55	―	1.11%	-6.18%	-23.70%
VSSL	75 Outperform	₹28.50B	26.61	―	1.06%	-1.47%	-15.20%
MAITHANALL	68 Neutral	₹32.02B	4.51	―	1.67%	21.44%	-46.24%
SSWL	65 Neutral	₹35.59B	17.61	―	0.65%	9.22%	-71.14%
SUNFLAG	62 Neutral	₹47.73B	24.26	―	0.29%	6.44%	36.54%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Steel Strips Wheels Ltd Corporate Events

Steel Strips Wheels Ltd Schedules Investor Presentation on FY26 Results

Steel Strips Wheels Ltd has announced a presentation for analysts and institutional investors regarding their Q2 and H1 FY26 results. The presentation aims to provide insights into the company’s financial performance and strategic direction, which could impact its market positioning and stakeholder interests.

Steel Strips Wheels Ltd Updates on Share Transfer Re-lodgement

Steel Strips Wheels Ltd has announced the receipt of a report from its Registrar and Share Transfer Agent regarding the re-lodgement of transfer requests for physical shares. The company has taken several initiatives to inform shareholders about the special window for these requests, including publishing notices in newspapers, sharing information on LinkedIn, and updating their website. This move is in compliance with a SEBI circular and aims to streamline the process for shareholders, potentially enhancing transparency and shareholder engagement.

Steel Strips Wheels Ltd Achieves Record Sales Growth in September 2025

Steel Strips Wheels Ltd reported a significant increase in its monthly sales for September 2025, achieving a net turnover of Rs 410.60 Crores, marking a 13.39% year-over-year growth. The company experienced its highest-ever monthly sales in the tractor segment with a 21% increase in volume, alongside notable growth in the aluminum and truck segments, indicating strong market demand and enhancing its industry positioning.