Want to see IN:SSWL full AI Analyst Report?
Top Page
Steel Strips Wheels Ltd
(SSWL)
Select Model
Select Model
Rating:59Neutral
Price Target:
₹559.00
▲(89.59% Upside)
Action:Reiterated
Date:10/27/26
The score is primarily held back by inconsistent cash generation and volatile profitability despite strong revenue growth and improved leverage. Technicals are supportive with strong trend momentum, but an overbought RSI adds near-term risk. Valuation is a secondary drag due to a higher P/E and very low dividend yield.
Positive Factors
Sustained Revenue Growth
Revenue has roughly tripled since FY2021 and still grew about 10% in FY2026, indicating sustained expansion rather than reliance on a single short period. Continued scale can support better capacity utilization and reinforce SSWL’s role across OEM, replacement, and export channels.
Negative Factors
Uneven Cash Conversion
Cash generation is uneven: free cash flow was negative in FY2024, strong in FY2025, then fell sharply in FY2026, reaching about 42% of net income. Unreliable conversion can constrain internally funded investment and make reported profit less dependable for capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Revenue has roughly tripled since FY2021 and still grew about 10% in FY2026, indicating sustained expansion rather than reliance on a single short period. Continued scale can support better capacity utilization and reinforce SSWL’s role across OEM, replacement, and export channels.
Read all positive factors
Steel Strips Wheels Ltd (SSWL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹83.12B
Dividend Yield0.28%
Average Volume (3M)118.99K
Price to Earnings (P/E)28.3
Beta (1Y)1.12
Revenue Growth32.78%
EPS Growth53.55%
CountryIN
Employees2,801
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)13.52
Shares Outstanding157,265,100
10 Day Avg. Volume187,368
30 Day Avg. Volume118,992
Financial Highlights & Ratios
PEG Ratio-5.68
Price to Book (P/B)1.64
Price to Sales (P/S)0.57
P/FCF Ratio21.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)22.7
Revenue Forecast (FY)₹67.58B
Steel Strips Wheels Ltd Business Overview & Revenue Model
Company Description
Steel Strips Wheels Limited is a leading company involved in the design, manufacturing, and distribution of both steel and alloy wheel rims for the automotive industry. Its products are sold both domestically within India and in international mark...
How the Company Makes Money
SSWL primarily makes money by manufacturing and selling automotive wheels. Its revenue model is product-led, with sales generated from (1) OEM supply: wheels sold directly to vehicle manufacturers under supply agreements for fitment on new vehicle...
Steel Strips Wheels Ltd Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
63
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.06B | 51.83B | 44.29B | 43.57B | 40.41B | 35.60B |
| Gross Profit | 19.60B | 17.84B | 15.84B | 15.21B | 12.49B | 13.63B |
| EBITDA | 5.55B | 5.13B | 4.84B | 9.47B | 4.55B | 4.66B |
| Net Income | 2.12B | 1.90B | 1.95B | 6.75B | 1.94B | 2.05B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 38.31B | 33.98B | 32.92B | 27.81B | 27.02B |
| Cash, Cash Equivalents and Short-Term Investments | 114.00M | 114.64M | 95.41M | 422.35M | 183.31M | 232.04M |
| Total Debt | 0.00 | 8.28B | 8.28B | 10.48B | 6.38B | 7.78B |
| Total Liabilities | -18.05B | 20.27B | 17.73B | 18.46B | 16.47B | 17.50B |
| Stockholders Equity | 18.05B | 18.05B | 16.25B | 14.42B | 11.35B | 9.52B |
Cash Flow | ||||||
| Free Cash Flow | -182.32M | 1.39B | 3.04B | -1.90B | 2.11B | 2.37B |
| Operating Cash Flow | 992.17M | 3.32B | 5.17B | 1.93B | 3.48B | 4.06B |
| Investing Cash Flow | -1.12B | -1.86B | -1.96B | -3.65B | -1.28B | -1.54B |
| Financing Cash Flow | 152.96M | -1.44B | -3.54B | 1.71B | -2.34B | -2.48B |
Steel Strips Wheels Ltd Technical Analysis
Positive
294.85
Price Trends
371.63
Positive
316.57
Positive
260.21
Positive
Market Momentum
30.97
Negative
76.47
Negative
89.73
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SSWL, the sentiment is Positive. The current price of 294.85 is below the 20-day moving average (MA) of 422.05, below the 50-day MA of 371.63, and above the 200-day MA of 260.21, indicating a bullish trend. The MACD of 30.97 indicates Negative momentum. The RSI at 76.47 is Negative, neither overbought nor oversold. The STOCH value of 89.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SSWL.
Steel Strips Wheels Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹46.46B | 13.76 | ― | 2.47% | 25.60% | -1.79% | |
65 Neutral | ₹55.82B | 17.40 | ― | 1.26% | 20.77% | 4.95% | |
59 Neutral | ₹83.12B | 28.28 | ― | 0.57% | 32.78% | 53.55% | |
59 Neutral | ₹24.87B | 17.16 | ― | 0.52% | 23.06% | 38.22% | |
58 Neutral | ₹31.45B | 34.04 | ― | 0.92% | 18.56% | 244.54% | |
57 Neutral | ₹54.95B | 33.66 | ― | 0.64% | 17.47% | 39.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:SSWL
Steel Strips Wheels Ltd
528.55
300.05
131.31%
IN:GNA
GNA Axles Ltd
579.20
270.96
87.91%
IN:LGBBROSLTD
L.G. Balakrishnan & Bros Ltd.
1,750.15
366.77
26.51%
IN:SHARDAMOTR
Sharda Motor Industries Ltd.
809.25
-208.81
-20.51%
IN:TVSSRICHAK
TVS Srichakra Limited
4,107.80
54.88
1.35%
IN:WHEELS
Wheels India Limited
2,249.10
1,331.96
145.23%
Steel Strips Wheels Ltd Corporate Events
Steel Strips Wheels Publishes Interim Dividend Notice for FY 2026-27
Oct 26, 2026
Steel Strips Wheels Ltd. has notified the stock exchanges that it has published newspaper advertisements regarding the notice of declaration of an interim dividend for the financial year 2026-27. The notices appeared in the Punjabi daily Desh Sewa...
Steel Strips Wheels Approves Results, Dividend and New Auto Component Facility Plan
Oct 23, 2026
Steel Strips Wheels Ltd. said its board has approved standalone and consolidated financial results for the quarter and half year ended Sept. 30, 2026, and declared an interim dividend of Rs 1 per equity share, with Nov. 21, 2026 set as the record ...
Steel Strips Wheels files SEBI demat compliance certificate for September quarter
Oct 13, 2026
Steel Strips Wheels Ltd has filed a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 September 2026. The filing includes confirmation from its registrar and share ...
Steel Strips Wheels Details Governance and Compliance at 40th AGM
Sep 30, 2026
Steel Strips Wheels Ltd held its 40th Annual General Meeting on September 30, 2026, at its registered office in Derabassi, Punjab, with directors, key managerial personnel and auditors in attendance. The meeting confirmed quorum, recorded the pres...
Steel Strips Wheels Publishes Notice on Transfer of Shares to IEPF
Aug 3, 2026
Steel Strips Wheels Ltd notified exchanges that it has published a shareholder notice regarding the proposed transfer of certain equity shares to the Investor Education and Protection Fund Authority, in line with SEBI’s listing and disclosur...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.