SSWLConsumer Discretionary

Steel Strips Wheels Limited

Auto Components & Equipments · ISIN INE802C01033 · BSE 513262 · NSE EQ · FV ₹1
Last price
₹537
+4.75%today
What this company does

Steel Strips Wheels Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹1,930 cr of revenue in its latest quarter (Q2 FY27) and kept 6.1% of sales as profit.

In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 69–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
67

At close. Not part of the score.

Profitability & returns84

How much profit it earns on the money it employs

Balance sheet43

How much it owes, and whether earnings cover the interest

Cash quality66

Whether reported profit actually arrives as cash

Growth & consistency63

Whether sales and profit have grown, and how steadily

Valuation38

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 61% vs last year
✓ Profit up 229% vs last year
✓ Promoters hold 61%
✓ No promoter shares pledged
✓ Strong 24% return on equity
✓ Turns profit into real cash
Watch-outs
! Thin 6.1% net margin

What if I invest in SSWL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹537▲ +4.75%
latest close · 2026-11-04
52-wk low ₹27374 sessions so far52-wk high ₹559
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.0Average
LowAverageHigh
P/B ratio4.25High
Below bookModerateHigh
EV / EBITDA9.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.6%Strong
WeakFairStrong ▸15%
Return on capital31.8%Strong
WeakFairStrong
Net margin6.1%Decent
ThinDecentStrong
EBITDA margin12.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.46Comfortable
LowModerateHigh ▸1
Interest cover5.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.08Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹8,444 cr
Book value
₹126
EPS
₹7.44
latest quarter
Net debt
₹902 cr
owes more than its cash
Enterprise value
₹9,346 cr
EBITDA
₹946 cr
annualised
EBIT
₹766 cr
annualised
Operating margin
9.9%
Return on assets
10.5%
Earnings yield
5.54%
P/S
1.09
Sales / share
₹490.9
Tax rate
25.2%
Face value
₹1
Shares
15.7 cr
Working capital
₹158 cr
Current assets
₹2,207 cr
Current liabilities
₹2,049 cr
Delivery %
32.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹294 vs market price ₹537 — price is 82% above it
Safety cushion-82.4%(target ≥ +20%)
Models span ₹241–₹347, midpoint ₹294
Model ₹294
Price ₹537
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹1,930 cr
Other Income₹77.5 L
Total Income₹1,931 cr
Cost of Materials₹1,314 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-21 cr
Employee Benefit Expense₹133 cr
Finance Costs₹35 cr
Depreciation & Amortisation₹45 cr
Other Expenses₹269 cr
Total Expenses₹1,775 cr
Profit before Tax₹156 cr
Tax Expense₹39 cr
Share of JV / Associates₹15 L
Net Profit₹117 cr
Net margin on total income6.1%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹1,292 cr66.9%
Employee benefit expense₹133 cr6.9%
Finance costs₹35 cr1.8%
Depreciation & amortisation₹45 cr2.3%
Other expenses₹269 cr13.9%
Tax expense₹39 cr2.0%
Profit for the period₹117 cr6.1%
Total income ₹1,931 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,475 cr1,510 cr1,930 cr
Total income1,476 cr1,511 cr1,931 cr
Expenses1,393 cr1,417 cr1,775 cr
Profit before tax83 cr93 cr156 cr
Tax22 cr24 cr39 cr
Net profit (owners' share)61 cr69 cr117 cr
Net margin (owners' share, on revenue)4.1%4.6%6.1%
EPS (₹)3.874.427.44
YoY (latest quarter): total income +60.7% · net profit +229.3%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹4,459 cr
Shareholder equity
₹1,985 cr
parent shareholders
Total debt
₹911 cr
Cash
₹9 cr
Cash flow · H1 FY27
Operating
₹122 cr
Investing
₹-113 cr
Financing
₹6 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹160₹1.69 L cr40.8
Bosch Limited₹49,645₹1.46 L cr51.8
Bharat Forge Limited₹1,777₹84,979 cr—
UNO Minda Limited₹1,125₹64,934 cr54.9
Sona BLW Precision Forgings Limited₹900₹56,172 cr62.8
Schaeffler India Limited₹3,525₹55,091 cr39.5
Tube Investments of India Limited₹2,190₹42,398 cr62.9
Endurance Technologies Limited₹2,410₹33,898 cr34.7
Exide Industries Limited₹346₹29,431 cr21.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.28%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 23 Sep 2026
ActionDetailEx-date
Dividend₹1.5 / share23 Sep 2026
Dividend₹1.25 / share23 Sep 2025
Dividend₹1 / share23 Sep 2024
Dividend₹1 / share14 Aug 2023
Stock splitStock Split From Rs.5/- to Rs.1/-10 Nov 2022
Dividend₹3.75 / share22 Sep 2022
Who owns it · 2026-09-30
No pledge
Promoter
61.2%
FII / Foreign
8.4%
DII / Domestic
1.4%
Retail / others
29.0%
Promoter stake down 0.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtS Pugazhendhi · Designated Person1,000 · ₹2.9 L23 Jul 26
BoughtNarayanabelchada Udayakumar · Designated Person4,000 · ₹11.5 L23 Jul 26
BoughtSalil Ramnath Malvankar · Designated Person2,800 · ₹8.0 L23 Jul 26
Bulk / block deals
short— · NSE2,57126 Oct 26
SoldQE SECURITIES LLP · NSE14.84 L @ ₹500.3626 Oct 26
BoughtQE SECURITIES LLP · NSE14.22 L @ ₹501.7226 Oct 26
Stake changes
BoughtSUNENA GARG · promoter→ 3.66% · 1.00 L23 Sep 26
BoughtSUNENA GARG · promoter→ 3.60% · 16,60015 Sep 26
BoughtSUNENA GARG · promoter→ 3.59% · 48,0007 Sep 26
Promoter pledges
ReleasedAxis Finance Limited29.09 L · 1.85% held21 Feb 24
ReleasedAxis Finance Limited18.86 L · 3.05% held9 Feb 24
ReleasedAxis Finance Limited25.00 L · 4.66% held5 Sep 23
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 30 Sep 2026
See the official result
1
Receive, Consider and Adopt the: a) Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors’ thereon; and b) Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the Report of Auditors’ thereon
Backed by 100% of shareholders other than promotersneeded 50%
14.60 L votes for, 1,004 against · 0% of mutual funds and other big investors said no
2
Declaration of Final Dividend on equity shares of the Company for the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
14.60 L votes for, 1,004 against · 0% of mutual funds and other big investors said no
3
Re-appointment of a Director in place of Sh. Dheeraj Garg (DIN: 00034926), who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
14.51 L votes for, 10,061 against · 1% of mutual funds and other big investors said no
4
Re-appointment of a Director in place of Sh. Sanjay Garg (DIN: 00030956), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 98% of shareholders other than promotersneeded 50%
14.25 L votes for, 36,254 against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 30 named members
owning 61.2% between them · as of 2026-09-30
Dheeraj Garg29.51%
SAB INDUSTRIES LIMITED8.42%
SAB UDYOG LIMITED7.27%
CHANDIGARH DEVELOPERS PRIVATE LTD3.85%
Sunena Garg3.67%
DHG MARKETING PRIVATE LTD3.19%
MALWA CHEMTEX UDYOG LTD2.45%
R K Garg1.94%
Business done with them
FY2025 · 13 of the group
The company paid ₹23 cr to companies in the promoter group last year — about 0.5% of its ₹4,429 cr revenue.
Dheeraj Garg
Other payments to them · Remuneration & Dividend
also owns 29.51% of the company
₹18 cr
company paid
SAB INDUSTRIES LIMITED
Other payments to them · Dividend
also owns 8.42% of the company
₹1 cr
company paid
SAB UDYOG LIMITED
Other payments to them · Dividend
also owns 7.27% of the company
₹1 cr
company paid
CHANDIGARH DEVELOPERS PRIVATE LIMITED
Other payments to them · Dividend
also owns 3.85% of the company
₹56.9 L
company paid
Sunena Garg
Other payments to them · Dividend
also owns 3.67% of the company
₹56 L
company paid
DHG MARKETING PRIVATE LIMITED
Other payments to them · Dividend
also owns 3.19% of the company
₹50.1 L
company paid
MALWA CHEMTEX UDYOG LTD
Other payments to them · Dividend
also owns 2.45% of the company
₹38.5 L
company paid
Priya Garg
Other payments to them · Dividend
also owns 0.54% of the company
₹7.9 L
company paid
CHANDIGARH AIRCRAFT MANAGEMENT SERVICES PRIVATE LIMITED
Other payments to them · Dividend
also owns 0.23% of the company
₹3.6 L
company paid
STEEL STRIPS FINANCIERS PVT LTD
Other payments to them · Dividend
also owns 0.13% of the company
₹2 L
company paid
MUNAK INTERNATIONAL PVT LTD
Other payments to them · Dividend
also owns 0.01% of the company
₹0.23 L
company paid
S J MERCANTILE PRIVATE LIMITED
Other payments to them · Dividend
also owns 0.01% of the company
₹0.12 L
company paid
MUNAK FINANCIERS PRIVATE LIMITED
Other payments to them · Dividend
₹0.04 L
company paid

The company also transacted with 24 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.