Steel Strips Wheels Ltd Share Price ₹232

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

Financials of Steel Strips Wheels Ltd

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	938	1,005	1,044	1,134	1,110	1,069	1,025	1,095	1,075	1,234	1,187	1,201	1,321
Expenses +	831	896	931	1,009	994	958	911	975	956	1,099	1,065	1,089	1,193
Operating Profit	108	108	113	124	117	111	114	120	118	135	122	112	128
OPM %	12%	11%	11%	11%	11%	10%	11%	11%	11%	11%	10%	9%	10%
Other Income +	2	7	4	3	2	7	4	3	3	3	3	3	2
Interest	22	23	24	26	25	28	31	30	26	29	29	32	32
Depreciation	20	20	22	22	22	23	25	25	25	26	30	31	33
Profit before tax	68	73	71	79	71	68	62	67	70	83	66	53	66
Tax %	35%	35%	33%	34%	16%	11%	25%	26%	26%	26%	24%	27%	25%
Net Profit +	44	47	48	52	60	60	46	50	52	62	50	39	49
EPS in Rs	2.80	3.02	3.04	3.35	3.79	3.85	2.94	3.20	3.30	3.93	3.18	2.45	3.13

Financials of Steel Strips Wheels Ltd

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	1,056	1,148	1,177	1,330	1,518	2,041	1,563	1,749	3,560	4,041	4,357	4,429	4,942
Expenses +	957	1,041	1,031	1,165	1,318	1,795	1,392	1,546	3,107	3,598	3,892	3,942	4,446
Operating Profit	99	108	145	165	200	246	171	204	453	443	465	487	496
OPM %	9%	9%	12%	12%	13%	12%	11%	12%	13%	11%	11%	11%	10%
Other Income +	19	21	19	20	13	17	22	16	13	12	16	13	12
Interest	41	41	43	51	64	93	89	84	85	84	103	117	122
Depreciation	53	38	42	48	53	62	72	72	77	80	90	101	119
Profit before tax	25	49	79	86	97	109	33	64	304	291	289	282	267
Tax %	3%	19%	23%	35%	23%	24%	28%	23%	32%	33%	24%	26%
Net Profit +	24	39	61	56	75	82	23	49	205	194	220	210	199
EPS in Rs	1.60	2.58	4.01	3.58	4.83	5.29	1.51	3.16	13.16	12.38	14.01	13.38	12.69
Dividend Payout %	9%	8%	7%	8%	8%	8%	0%	6%	6%	8%	7%	9%

Financials of Steel Strips Wheels Ltd

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	15	15	15	16	16	16	16	16	16	16	16	16	16
Reserves	349	383	444	496	569	666	682	734	936	1,119	1,330	1,528	1,619
Borrowings +	658	631	674	870	1,103	988	1,001	937	778	639	1,048	828	903
Other Liabilities +	162	170	196	349	489	484	480	690	972	1,008	840	994	858
Total Liabilities	1,184	1,200	1,329	1,732	2,176	2,153	2,179	2,377	2,702	2,781	3,234	3,365	3,396
Fixed Assets +	571	542	705	745	1,029	1,329	1,307	1,259	1,360	1,349	1,457	1,628	1,564
CWIP	120	154	52	352	323	53	85	109	97	163	346	271	389
Investments	0	0	0	0	0	0	0	0	0	4	9	16	16
Other Assets +	492	504	572	635	823	771	787	1,008	1,245	1,265	1,422	1,451	1,427
Total Assets	1,184	1,200	1,329	1,732	2,176	2,153	2,179	2,377	2,702	2,781	3,234	3,365	3,396

Financials of Steel Strips Wheels Ltd

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	115	152	95	121	233	184	104	169	406	348	65	518
Cash from Investing Activity +	-62	-34	-91	-375	-299	-80	-69	-37	-154	-128	-370	-192
Cash from Financing Activity +	-71	-63	18	253	76	-113	-64	-171	-248	-234	292	-354
Net Cash Flow	-18	55	22	-1	10	-10	-29	-39	5	-14	-13	-28
Free Cash Flow	62	106	-17	-267	-75	92	26	120	241	212	-316	320
CFO/OP	116%	147%	68%	86%	127%	85%	66%	90%	100%	89%	27%	120%

Financials of Steel Strips Wheels Ltd

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	74	52	52	56	75	35	49	54	40	32	37	40
Inventory Days	74	67	77	81	107	95	124	165	108	101	90	95
Days Payable	66	59	66	68	131	72	81	137	110	95	77	96
Cash Conversion Cycle	83	60	63	69	51	57	93	82	38	37	49	39
Working Capital Days	-9	-29	-39	-45	-68	-32	-27	-20	-6	-7	-2	3
ROCE %	6%	9%	11%	11%	10%	12%	7%	9%	23%	21%	19%	17%