Arthneeti

Steel Strips Wheels Q2 FY27 Share Price & Earnings Call Analysis

₹525.80-0.15% today
Market cap
₹8,269 Cr
P/E
36.95
ROE
12.21%
PEG
33.92
Price to sales
1.49
Debt to equity
0.48
52W high / low
₹532 / ₹170
Sales growth (5Y)
24.26%
EBITDA margin
10.01%
Net profit margin
3.86%
Promoter holding
61.21%
Sales (last year)
₹5,506 Cr

**Company Overview ** Steel Strips Wheels Ltd was incorporated in 1985 and started its operations in 1991. It designs, manufactures, and supplies Steel Wheel Rims and Alloy Wheels for a wide range of domestic and global automobile makers. It is Headquarter in Chandigarh. [1]

Guidance scorecard · Q2 FY27 call

What Steel Str. Wheel's management guided
and where it ranks in Auto Components

#9of 66 in
Auto Components
Revenue20–40%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Revenue Growth: Strong 27.2% YoY increase in Q1 FY27 driven by robust domestic demand; exports showing recovery potential from June onwards.
  • Volume Growth: Shift in sales mix towards higher-margin alloy wheels with volumes growing from 28 lakh units in FY23 to 39 lakh units in FY26, and 10 lakh units in Q1 FY27.
  • Product Mix: Increasing contribution from alloy wheels (20% volume contribution in FY26 and Q1 FY27, up from 16% in FY23) and aluminium knuckles (capacity scaling up to 11 lakh units in FY27E).
  • Capacity Expansion: Planned ~1.2 million capacity additions in alloy wheels targeting total capacity of ~6.2 million units for FY27.

2 more points from Steel Str. Wheel's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Steel Str. Wheel said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Net Capex of INR 196 Crs. incurred in FY26 focused on incremental capacity expansion, primarily for aluminium wheels and aluminium knuckles.
  • Expected ~1.2 million capacity addition in Alloy Wheels aiming to ramp up total capacity to ~6.2 million for FY27.
  • Strategic partnerships with Tata Steel Limited and Nippon Steel Corporation provide support for supply chain, steel quality, and new technology exploration.

2 more points from Steel Str. Wheel's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Steel Str. Wheel said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Steel Str. Wheel said on the order book →

Full Q1 FY27 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Steel Str. Wheel rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
620–40%Up 0–2%₹23,344 Cr37.6

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Steel Str. Wheel announcements

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Financials of Steel Str. Wheel

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Steel Str. Wheel

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +61.91%60.98%60.98%60.98%60.98%61.24%61.15%61.15%61.15%61.15%61.15%61.21%
FIIs +6.07%5.94%6.35%6.56%6.84%6.71%7.91%8.73%8.33%8.22%8.60%8.37%
DIIs +2.68%4.12%4.03%4.79%4.86%5.05%5.27%4.62%4.71%5.08%3.15%1.37%
Government +0.13%0.15%0.16%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public +29.18%28.82%28.50%27.69%27.34%27.01%25.67%25.51%25.83%25.57%27.14%29.03%
No. of Shareholders42,92751,04461,21068,05069,06869,33860,82361,66861,11657,83659,13367,858

Financials of Steel Str. Wheel

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,1341,1101,0691,0251,0951,0751,2341,1871,2011,3211,4751,5101,930
Expenses +1,0099949589119759561,0991,0651,0891,1931,3251,3481,695
Operating Profit124117111114120118135122112128149162235
OPM %11%11%10%11%11%11%11%10%9%10%10%11%12%
Other Income +3274333332333
Interest26252831302629293232313235
Depreciation22222325252526303133353744
Profit before tax797168626770836653668796159
Tax %34%16%11%25%26%26%26%24%27%25%26%26%25%
Net Profit +526060465052625039496472119
EPS in Rs3.353.793.852.943.203.303.933.182.453.134.104.557.55

Financials of Steel Str. Wheel

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,1481,1771,3301,5182,0411,5631,7493,5604,0414,3574,4295,1836,235
Expenses +1,0411,0311,1651,3181,7951,3921,5463,1073,5983,8923,9424,6725,561
Operating Profit108145165200246171204453443465487511674
OPM %9%12%12%13%12%11%12%13%11%11%11%10%11%
Other Income +21192013172216131216131211
Interest414351649389848584103117123130
Depreciation38424853627272778090101129148
Profit before tax497986971093364304291289282271408
Tax %19%23%35%23%24%28%23%32%33%24%26%25%
Net Profit +39615675822349205194220210202304
EPS in Rs2.584.013.584.835.291.513.1613.1612.3814.0113.3812.8619.33
Dividend Payout %8%7%8%8%8%0%6%6%8%7%9%12%

Financials of Steel Str. Wheel

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital15151616161616161616161616
Reserves3834444965696666827349361,1191,3301,5281,7191,903
Borrowings +6316748701,1039881,0019377786391,048828828914
Other Liabilities +1701963494894844806909721,0088409941,2541,618
Total Liabilities1,2001,3291,7322,1762,1532,1792,3772,7022,7813,2343,3653,8174,450
Fixed Assets +5427057451,0291,3291,3071,2591,3601,3491,4571,6281,8261,881
CWIP15452352323538510997163346271142133
Investments0000000049161616
Other Assets +5045726358237717871,0081,2451,2651,4221,4511,8332,419
Total Assets1,2001,3291,7322,1762,1532,1792,3772,7022,7813,2343,3653,8174,450

Financials of Steel Str. Wheel

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1529512123318410416940634865518331
Cash from Investing Activity +-34-91-375-299-80-69-37-154-128-370-192-184
Cash from Financing Activity +-631825376-113-64-171-248-234292-354-144
Net Cash Flow5522-110-10-29-395-14-13-283
Free Cash Flow106-17-267-759226120241212-316320136
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit147%68%86%127%85%66%90%100%89%27%120%73%

Financials of Steel Str. Wheel

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days525256753549544032374043
Inventory Days677781107951241651081019095102
Days Payable5966681317281137110957796108
Cash Conversion Cycle606369515793823837493938
Working Capital Days-29-39-45-68-32-27-20-6-7-2310
ROCE %9%11%11%10%12%7%9%23%21%19%17%16%

Guidance history

How Steel Str. Wheel's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%Up 0–2%Planned——
Q4 FY26 call →10–20%Up 2%+PlannedPlanned—
Q3 FY26 call →20–40%FlatPlannedPlannedRising
Q2 FY26 call →0–10%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

97out of 100

Momentum score · price trend

97 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+125.8%95%
Last 6 months+147.2%99%
Last 3 months+76.9%99%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Steel Str. Wheel: 0.4 × 95 + 0.4 × 99 + 0.2 × 99 = 97.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Steel Str. Wheel's management said in earlier quarters

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