SSWL

Steel Strips Wheels Limited

Steel wheels and alloy wheels for automotive and export markets

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

sswlindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹418.10
Market cap
6,570 Cr
Stock P/E
30.9
P/B
3.64
Dividend yield
0.3%
ROE (FY26)
10.5%
ROCE (FY26)
14.3%
Operating margin (FY26)
7.2%
Debt / equity (FY26)
0.46
OCF / EBITDA (FY26)
65.0%
OCF / EBITDA (3Y)
71.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

SSWL (Steel Strips Wheels) makes steel wheels and alloy wheels for passenger vehicles, trucks, tractors and other vehicle makers in India and for export customers, and has added aluminium knuckles.

Company snapshot

35thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,134 Cr1,110 Cr1,069 Cr1,025 Cr1,095 Cr1,075 Cr1,234 Cr1,187 Cr1,201 Cr1,321 Cr1,475 Cr1,510 Cr
Operating expenses (approx.)1,009 Cr994 Cr959 Cr912 Cr976 Cr957 Cr1,100 Cr1,065 Cr1,089 Cr1,193 Cr1,325 Cr1,347 Cr
EBITDA124 Cr117 Cr110 Cr113 Cr119 Cr118 Cr134 Cr122 Cr111 Cr127 Cr150 Cr163 Cr
OPM %11.0%10.5%10.3%11.0%10.9%11.0%10.9%10.2%9.3%9.6%10.2%10.8%
Other income3 Cr2 Cr5 Cr1 Cr0.49 Cr0.37 Cr1 Cr0.80 Cr0.92 Cr0.23 Cr1 Cr0.84 Cr
Interest26 Cr25 Cr28 Cr31 Cr30 Cr26 Cr29 Cr29 Cr32 Cr31 Cr31 Cr32 Cr
Depreciation22 Cr23 Cr37 Cr29 Cr28 Cr27 Cr28 Cr32 Cr32 Cr35 Cr37 Cr38 Cr
Profit before tax79 Cr71 Cr523 Cr55 Cr62 Cr64 Cr78 Cr61 Cr48 Cr62 Cr83 Cr93 Cr
Tax %33.6%15.9%1.4%25.4%25.5%25.9%22.3%22.7%26.1%24.4%26.9%25.7%
Net profit52 Cr59 Cr516 Cr41 Cr46 Cr48 Cr61 Cr47 Cr36 Cr47 Cr61 Cr69 Cr
EPS (₹)₹3.34₹3.79₹32.85₹2.60₹2.94₹3.04₹3.87₹3.01₹2.26₹2.97₹3.87₹4.42

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,041 Cr4,357 Cr4,429 Cr5,183 CrSign in free for the trailing twelve months
Operating expenses (approx.)3,598 Cr3,893 Cr3,945 Cr4,673 CrSign in free for the trailing twelve months
EBITDA443 Cr464 Cr484 Cr510 CrSign in free for the trailing twelve months
OPM %11.0%10.6%10.9%9.8%Sign in free for the trailing twelve months
Other income12 Cr14 Cr3 Cr3 CrSign in free for the trailing twelve months
Interest84 Cr103 Cr117 Cr123 CrSign in free for the trailing twelve months
Depreciation80 Cr104 Cr111 Cr136 CrSign in free for the trailing twelve months
Profit before tax291 Cr743 Cr259 Cr254 CrSign in free for the trailing twelve months
Tax %33.5%9.2%24.6%25.2%Sign in free for the trailing twelve months
Net profit194 Cr675 Cr195 Cr190 CrSign in free for the trailing twelve months
EPS (₹)₹12.39₹43.07₹12.44₹12.11Sign in free for the trailing twelve months
Dividend payout %6.1%2.3%8.0%10.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2023Mar 2024Mar 2025Mar 2026
Equity capital16 Cr16 Cr16 Cr16 Cr
Reserves1,119 Cr1,427 Cr1,610 Cr1,789 Cr
Borrowings638 Cr1,048 Cr828 Cr826 Cr
Other liabilities1,008 Cr813 Cr946 Cr1,201 Cr
Total liabilities2,781 Cr3,304 Cr3,399 Cr3,831 Cr
Fixed assets (net)1,347 Cr1,626 Cr1,781 Cr1,967 Cr
CWIP163 Cr363 Cr288 Cr154 Cr
Investments4 Cr4 Cr10 Cr11 Cr
Loans & advances5 Cr4 Cr4 Cr5 Cr
Inventories734 Cr697 Cr743 Cr952 Cr
Trade receivables349 Cr440 Cr486 Cr609 Cr
Cash & bank18 Cr40 Cr7 Cr6 Cr
Other assets161 Cr130 Cr80 Cr126 Cr
Total assets2,781 Cr3,304 Cr3,399 Cr3,831 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity348 Cr193 Cr517 Cr332 Cr
Cash from investing-128 Cr-365 Cr-196 Cr-186 Cr
Cash from financing-234 Cr171 Cr-354 Cr-144 Cr
Net cash flow-14 Cr-1 Cr-33 Cr1 Cr
Free cash flow (OCF − Capex)211 Cr-190 Cr304 Cr139 Cr

Ratios

MetricMar 2023Mar 2024Mar 2025Mar 2026
ROCE %21.1%34.0%15.3%14.3%
ROE %17.1%46.8%12.0%10.5%
Debtor days31374043
Inventory days998994100
Days payable947795105
Cash conversion cycle37493938
OCF / EBITDA %78.6%41.6%106.7%65.0%
OCF / EBITDA % (3 years)——76.0%71.4%
Debt / equity0.560.730.510.46
Current ratio0.970.910.931.01
Net debt / EBITDA1.402.171.691.61