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Earnings Call

Steel Strips Wheels Earnings Call: Key Takeaways

SSWL reported strong Q1FY27 performance with revenue growing 27.2% YoY to Rs. 1,510 Cr. Strategy focuses on shifting sales mix towards high-margin Alloy Wheels and Aluminum Knuckles.

Highlights
Revenue growth27.2% YoY in Q1FY27.
MarginsEBITDA margin expanded 40 bps to 10.7% on product mix.
Demand visibilityStrong domestic demand; exports recovering from June.
Management confidenceHigh, citing domestic demand and export recovery signals.

Growth

Revenue up 27.2% YoY; EBITDA increased 33% to Rs. 162 Cr; PAT surged 43.3% to Rs. 72 Cr.

Outlook

Expanding Alloy Wheel capacity by 1.2M units to 6.2M for FY27. Aluminum Knuckle capacity scaling to 1.1M units.

Risks

Export revenue declined from Rs. 160 Cr to Rs. 127 Cr YoY due to tariff-related disruptions.

Last quarter's promises, checked

Delivered

  • Guided EBITDA per wheel INR 300 → delivered INR 311 (= BEAT)
  • Guided Revenue growth 17-20% → delivered 27.2% (= BEAT)
  • Guided PAT growth 15-20% → delivered 43.3% (= BEAT)

Partly delivered

  • Guided Alloy Wheel revenue share 36% → delivered 35% (= PARTIAL)

Missed

  • Guided Export recovery to June peak → delivered 20.6% YoY decline (= MISS)
Source

Earnings Call filed with BSE, NSE: SSWL. Summary written with AI assistance from the document.

Read the document ↗

Steel Strips Wheels Ltd: key numbers

Share price
₹378.75
Market cap
₹5,956 Cr
Revenue (annual)
₹5,183 Cr
Net profit (annual)
₹190.2 Cr
P/E (TTM)
28.0×Sector 33.6×
Promoter holding
61.14%+0.00% QoQ
FII holding
8.60%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Steel Strips Wheels Ltd

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15:12 IST BSE
Promoter Buying

Steel Strips Wheels Promoter Buying

Sunena Garg, a promoter of Steel Strips Wheels Limited, acquired 1,00,005 equity shares via the open market. This transaction increased her individual stake from 3.60% to 3.66%.

Promoter stake change
+0.06%
14:03 IST BSE
Promoter Buying

Steel Strips Wheels Promoter Buying

Sunena Garg, a promoter of Steel Strips Wheels, bought 16,600 equity shares in the open market on 15 Sep 2026. Her holding rose to 3.60% of the company.

Promoter stake change
+0.01%
12:48 IST BSE
Promoter Buying

Steel Strips Wheels Promoter Buying

Promoter Sunena Garg acquired 48,000 Steel Strips Wheels shares in the open market. Post-deal promoter holdings rose to 61.14% of total voting capital.

Promoter stake change
+0.03%
16:32 IST NSE
Annual General Meeting

Steel Strips Wheels Annual General Meeting

Steel Strips Wheels Ltd scheduled its 40th AGM for September 30, 2026. The record date for dividend entitlement is set for September 23, 2026.

16:27 IST BSE
Management Change

Steel Strips Wheels Management Change

Steel Strips Wheels Ltd has appointed Mr. Vineet Aggarwal and Mr. Amit Kumar Sharma as Senior Management Personnel. These appointments are effective from September 3, 2026.

16:20 IST NSE
Board Meeting Outcome

Steel Strips Wheels Board Meeting Outcome

Steel Strips Wheels approved re-appointments of two directors and the upcoming AGM schedule. The board also proposed enhancing the company's borrowing limit to ₹3,500 Crore.