| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | ₹1,930 Cr revenue, up 61% YoY on alloy wheel volume growth. |
|---|---|
| Margins | EBITDA per wheel rose to ₹404 from ₹242 YoY. |
| Order book | Alloy wheel capacity at full utilization; new orders exceeding current capacity. |
| Demand visibility | Strong domestic CV and passenger vehicle demand; exports recovering via diversification. |
| Management confidence | Aggressive and highly confident, emphasizing being the world's lowest-cost producer. |
Growth
Revenue surged 61% YoY to ₹1,930 Cr; alloy wheels now contribute 45% of revenue.
Outlook
Management raised export targets to over ₹600 Cr for FY27 and expects higher EBITDA/wheel.
Risks
High leverage concerns remain with ₹1,400 Cr new greenfield capex planned over 60 months.
Last quarter's promises, checked
Delivered
- EBITDA/wheel >₹310 FY27 → ₹404 (= BEAT)
- Revenue +20% FY27 → +61% YoY this qtr (= BEAT; qtr vs annual)
Partly delivered
- Exports ~₹600Cr FY27 → Q1 ₹127Cr, Q2 n/a (= PARTIAL)
- Knuckles ₹110–130Cr FY27 → Q1 ₹23Cr, Q2 n/a (= PARTIAL)
- Capex ~₹600Cr FY27 → plan reiterated, spend n/a (= PARTIAL)
Earnings Call Transcript 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 Investor Presentation: Key Takeaways
Q2 FY27 standalone revenue Rs 1,930 Cr (+61%), EBITDA Rs 235 Cr (12.2% margin), PAT Rs 119 Cr (+208%). Rs 1,400 Cr Maharashtra greenfield plant approved.
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.