Steel Str. Wheel
Steel Str. Wheel Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Steel Strips Wheels Limited expects approximately 20% revenue growth in FY 2027, targeting a turnover of Rs. Company targets Rs.
From Steel Str. Wheel's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Steel Strips Wheels Limited expects approximately 20% revenue growth in FY 2027, targeting a turnover of Rs. 6,000 crores from existing assets.
- If U.S. tariffs are resolved, an additional Rs. 500 crores revenue from American exports is anticipated, potentially pushing total revenue to Rs. 6,500 crores.
- Aluminum wheels segment is fully sold out for the next two years, supporting sustained growth.
- Truck and tractor wheel segments are projected to see significant growth due to rising demand.
- Capacity expansion in commercial vehicle wheels at Jamshedpur is fully sold out, supporting record production and sales.
- The new Bhuj facility is expected to start contributing around Diwali but is not counted for significant revenue in FY 2027 initially.
- Export markets in Europe, accounting for over 58% of export revenue, are set to grow and offset subdued U.S. demand in the near term.
Profitability & Margins
See what Steel Str. Wheel said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ongoing CAPEX in Bhuj at the AMW factory site focusing on aluminum wheels and aluminum knuckles, totaling around Rs. 420 crores.
- Additional brownfield maintenance CAPEX of approximately Rs. 40 crores for FY 2027.
- Previous year (FY 2026) CAPEX spend was about Rs. 225-250 crores, part of the above-mentioned larger project spread over three years.
- New aluminum wheel capacity being set up at AMW: 1.2 million wheels and 0.6 million knuckles.
- The expansion aims to cover a broad category of aluminum wheels globally and knuckles for European markets.
- Peak revenue from new aluminum wheels facility expected to be about Rs. 600-700 crores; aluminum knuckles about Rs. 200 crores.
- Funding mix of debt and internal accruals, with net debt addition expected to be around Rs. 200 crores.
- Minimal CAPEX expected beyond these, with a small potential paint shop investment around Rs. 10-15 crores for steel wheels.
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Steel Str. Wheel said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The aluminum wheels segment order book is completely sold out for the next two years.
- Strong order visibility exists across key domestic segments such as tractor wheels, aluminum wheels, and commercial vehicles.
- Full order book reported, indicating robust demand and capacity utilization.
- Capacity expansions are underway, with new facilities expected to start before Diwali 2026, enhancing order fulfillment capability.
- The company expects a turnover of around Rs. 6,000 crores next year from existing assets with potential upside from the new Bhuj facility.
- Export market diversification, especially into Europe (accounting for over 58% of exports), supports sustained demand despite U.S. tariff challenges.
Steel Str. Wheel — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.3K Cr, net profit ₹49 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Steel Strips Wheels Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were Steel Str. Wheel Q3 FY26 results?
Steel Strips Wheels Limited expects approximately 20% revenue growth in FY 2027, targeting a turnover of Rs. Company targets Rs.
What is Steel Str. Wheel share price analysis?
Steel Str. Wheel currently shows a neutral. The stock trades at a P/E of 20.7 with a market cap of ₹4,639 Cr. Investors should review the full earnings analysis for detailed insights.
Is Steel Str. Wheel planning capital expenditure?
Ongoing CAPEX in Bhuj at the AMW factory site focusing on aluminum wheels and aluminum knuckles, totaling around Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.