SSWLConsumer Discretionary

Steel Strips Wheels Limited

Auto Components & Equipments · ISIN INE802C01033 · BSE 513262 · NSE EQ · FV ₹1
Last price
₹348
-0.51%today
What this company does

Steel Strips Wheels Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹1,510 cr of revenue in its latest quarter (Q1 FY27) and kept 4.6% of sales as profit.

In the report:
62out of 100
Equitytale Health Score
Mixed

Healthier than 62% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 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)
57

At close. Not part of the score.

Profitability & returns72

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality67

Whether reported profit actually arrives as cash

Growth & consistency62

Whether sales and profit have grown, and how steadily

Valuation42

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 27% vs last year
Profit up 47% vs last year
Promoters hold 61%
No promoter shares pledged
Strong 15% return on equity
Turns profit into real cash
Watch-outs
! Thin 4.6% 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 We do not publish price targets or predict returns.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
₹348 -0.51%
latest close · 2026-09-17
52-wk low ₹27342 sessions so far52-wk high ₹384
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 ratio19.7Average
LowAverageHigh
P/B ratio3.03High
Below bookModerateHigh
EV / EBITDA9.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.4%Strong
WeakFairStrong ▸15%
Return on capital22.8%Strong
WeakFairStrong
Net margin4.6%Thin
ThinDecentStrong
EBITDA margin10.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.46Comfortable
LowModerateHigh ▸1
Interest cover3.9×Okay
RiskyOkayStrong ▸5×
Current ratio1.01Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,474 cr
Book value
₹115
EPS
₹4.42
latest quarter
Net debt
₹820 cr
owes more than its cash
Enterprise value
₹6,293 cr
EBITDA
₹655 cr
annualised
EBIT
₹502 cr
annualised
Operating margin
8.3%
Return on assets
7.3%
Earnings yield
5.08%
P/S
0.91
Sales / share
₹384.2
Tax rate
25.8%
Face value
₹1
Shares
15.7 cr
Working capital
₹9 cr
Current assets
₹1,636 cr
Current liabilities
₹1,626 cr
Delivery %
42.2%
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 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹179₹219, midpoint ₹199

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 · Q1 FY27 (consolidated)
Revenue from Operations₹1,510 cr
Other Income₹84.2 L
Total Income₹1,511 cr
Cost of Materials₹1,089 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-103 cr
Employee Benefit Expense₹121 cr
Finance Costs₹32 cr
Depreciation & Amortisation₹38 cr
Other Expenses₹241 cr
Total Expenses₹1,417 cr
Profit before Tax₹93 cr
Tax Expense₹24 cr
Share of JV / Associates₹19.9 L
Net Profit₹69 cr
Net margin on total income4.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹985 cr65.2%
Employee benefit expense₹121 cr8.0%
Finance costs₹32 cr2.1%
Depreciation & amortisation₹38 cr2.5%
Other expenses₹241 cr15.9%
Tax expense₹24 cr1.6%
Profit for the period₹69 cr4.6%
Total income ₹1,511 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,321 cr1,475 cr1,510 cr
Total income1,321 cr1,476 cr1,511 cr
Expenses1,259 cr1,393 cr1,417 cr
Profit before tax62 cr83 cr93 cr
Tax15 cr22 cr24 cr
Net profit (owners' share)47 cr61 cr69 cr
Net margin (owners' share, on revenue)3.5%4.1%4.6%
EPS (₹)2.973.874.42
YoY (latest quarter): total income +27.2% · net profit +47.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,831 cr
Shareholder equity
₹1,805 cr
parent shareholders
Total debt
₹826 cr
Cash
₹6 cr
Cash flow · H1 FY26
Operating
₹99 cr
Investing
₹-112 cr
Financing
₹15 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.36%
trailing 12 months
Dividend / share (TTM)
₹1.25
Last dividend
₹1.25
ex 23 Sep 2025
ActionDetailEx-date
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
Stock splitStock Split From Rs.10/- to Rs.5/-18 Nov 2021
Who owns it · 2026-06-30
No pledge
Promoter
61.1%
FII / Foreign
8.6%
DII / Domestic
3.1%
Retail / others
27.1%
Promoter stake down 1.1% 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 · NSE1503 Sep 26
short · NSE1,0021 Sep 26
BoughtMICROCURVES TRADING PRIVATE LIMITED · NSE26.34 L @ ₹345.531 Sep 26
Stake changes
BoughtChandigarh Developers Private Limited · promoter→ 3.85% · 24,00027 Mar 25
BoughtChandigarh Developers Private Ltd · promoter→ 3.85% · 24,00027 Mar 25
BoughtChandigarh Developers Private Limited along with PAC · promoter→ 3.83% · 56,58726 Mar 25
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 2025
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, 2025 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, 2025 and the Report of Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
80.54 L votes for, 6 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 2024-25.
Backed by 100% of shareholders other than promotersneeded 50%
80.54 L votes for, 6 against · 0% of mutual funds and other big investors said no
3
Re-appointment of a Director in place of Sh. Rajinder Kumar Garg (DIN: 00034827), who retires by rotation and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 85% of shareholders other than promotersneeded 50%
68.48 L votes for, 12.06 L against · 16% of mutual funds and other big investors said no
4
Re-appointment of a Director in place of Sh. Manohar Lal Jain (DIN: 00034591), who retires by rotation and being eligible, offers himself for re-appointment
Backed by 90% of shareholders other than promotersneeded 50%
70.94 L votes for, 8.04 L against · 10% of mutual funds and other big investors said no
6
Re-appointment of Sh. Siddharth Bansal (DIN: 02909820) as an Independent Director of the Company.
⚑ Passed only because promoters voted yes
Backed by 70% of shareholders other than promotersneeded 75%
56.18 L votes for, 24.37 L against · 32% 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 61.1% between them · as of 2026-06-30
Dheeraj Garg29.52%
SAB INDUSTRIES LIMITED8.42%
SAB UDYOG LIMITED7.27%
CHANDIGARH DEVELOPERS PRIVATE LTD3.85%
Sunena Garg3.56%
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 29.52% 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 3.56% 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.