| Revenue growth | Q2 +61%, H1 +44% YoY; supplementary sales aided |
|---|---|
| Margins | Q2 EBITDA margin 12.2% vs 9.3%; H1 11.5% vs 9.8% |
| Demand visibility | Domestic and export demand cited; no quantified outlook |
Growth
H1 FY27 revenue Rs 3,440 Cr (+44%), EBITDA +70%, PAT +115%. Includes Rs 183 Cr supplementary sales from raw-material-linked PO revisions.
Outlook
Alloy capacity to ~6.2 mn units in FY27E (+1.2 mn). Rs 1,400 Cr Sambhajinagar plant over 60 months. Knuckle capacity 11 lakh FY27E.
Risks
Supplementary sales flatter revenue. Receivables up 50% to Rs 914 Cr. Rs 227 Cr working capital outflow. New plant needs regulatory clearances.
Last quarter's promises, checked
Delivered
- FY27 >20% growth (~Rs6,500 Cr) → H1 Rs3,440 Cr, +44%, incl. Rs183 Cr supplementary (= BEAT)
- ~6% PAT margin path → Q2 PAT 6.2% (= BEAT)
Partly delivered
- FY27 capex ~Rs600 Cr → H1 net capex Rs128 Cr (= PARTIAL)
- Knuckles Rs110-130 Cr FY27 → H1 Rs74 Cr (= PARTIAL)
- Alloy +1.2 mn to 6.2 mn, trial Q4 → reaffirmed FY27E, not yet live (= PARTIAL)
Missed
- Borrowings ~Rs826 Cr flat → Rs911 Cr at H1 (= MISS)
Investor Presentation filed with NSE, NSE: SSWL. Summary written with AI assistance from the document.
Steel Strips Wheels Ltd: key numbers
- Share price
- ₹528.90
- Market cap
- ₹8,318 Cr
- Revenue (annual)
- ₹5,183 Cr
- Net profit (annual)
- ₹190.2 Cr
- P/E (TTM)
- 28.3×Sector 31.4×
- Promoter holding
- 61.21%+0.07% QoQ
- FII holding
- 8.37%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Steel Strips Wheels Ltd
All →Steel Strips Wheels Earnings Call Transcript: Key Takeaways
SSWL delivered its strongest-ever quarter driven by alloy wheel premiumization and a sharp CV recovery.
- Call
- Guides 20% growth
Steel Strips Wheels Capacity Expansion: ₹1,400 Cr Investment
Steel Strips Wheels will invest Rs.1,400 Crore in a new Chhatrapati Sambhajinagar plant over 60 months. Initial capacity spans alloy, steel wheels, and hot-stamped body parts.
- Value
- ₹1,400 Cr
- Execution
- 60 months
- alloy wheel manufacturing capacity
- 2.5 million units per annum
Steel Strips Wheels Management Change
Steel Strips Wheels appointed Sh. Pranav Jain as Vice President (Finance & Accounts) effective 23 Oct 2026. The long-serving CA takes charge of Finance, Accounts and Commercial functions.
Steel Strips Wheels Dividend
Steel Strips Wheels declared an interim dividend of ₹1.5 per share for FY 2026-27. Payment is due by November 21, 2026, with record date October 30, 2026.
Steel Strips Wheels Q2 FY27 Results: Net Profit ₹116.9 Cr, Up 229.3% YoY
Steel Strips Wheels Ltd reported revenue from operations of ₹1,930 Cr (+60.7% YoY) and net profit of ₹116.9 Cr (+229.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹116.9 Cr · +229.3% YoY
Steel Strips Wheels Other Announcement
Steel Strips Wheels Ltd submitted its quarterly shareholding pattern for the period ended September 30, 2026, as mandated by SEBI regulations.