Steel Strips Wheels logs record ₹593 crore turnover in August
- Net turnover hit record ₹592.92 crore in August 2026, up 54% YoY
- Gross turnover reached ₹687.51 crore, rising 45% YoY from ₹475.06 crore
- Aluminum products led value growth at 73%, outpacing 30% volume rise
- Exports grew 63% by value despite just 7% volume increase
- Second consecutive month of record sales for the auto component maker
*this image is generated using AI for illustrative purposes only.
Steel Strips Wheels Limited reported its highest-ever monthly net turnover of ₹592.92 crore for August 2026, a 54% YoY increase from ₹385.98 crore in the same period last year. The company also recorded a gross turnover of ₹687.51 crore, up 45% YoY from ₹475.06 crore in August 2025.
The results reflect improved capacity utilization and strengthened OEM relationships across manufacturing facilities. This marks the second consecutive month of record sales for the auto component manufacturer.
Segment Performance
Growth was broad-based across key verticals, with the aluminum products segment leading value expansion.
| Segment | Volume Growth (YoY) | Value Growth (YoY) |
|---|---|---|
| Aluminium Products | 30% | 73% |
| Truck | 41% | 53% |
| 2 & 3 Wheeler | 31% | 61% |
| Passenger Car - Steel | 14% | 21% |
| Tractor | 12% | 16% |
| Exports (Overall) | 7% | 63% |
The truck segment saw a 53% value rise, supported by sustained commercial vehicle offtake. The two- and three-wheeler segment grew 61% by value, indicating strong demand traction. Passenger car steel and tractor segments posted more modest gains of 21% and 16% by value, respectively.
Export Growth
Exports contributed significantly to the top-line expansion, growing 63% YoY by value despite a modest 7% volume increase. This divergence suggests higher average selling prices or a shift toward higher-value export markets.
What the Numbers Show
The disparity between volume and value growth across segments highlights pricing power and mix shifts. In the aluminum products segment, value growth of 73% outpaced volume growth of 30%, suggesting successful ramp-up of higher-margin EV and passenger vehicle platforms. Similarly, exports saw value surge 63% against only 7% volume growth, indicating favorable realization rates abroad.
Historical Stock Returns for Steel Strips Wheels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.51% | +11.50% | +5.88% | +52.84% | +52.03% | +73.09% |
How sustainable is the current pricing power in the aluminum and export segments given the significant divergence between volume and value growth?
What specific capacity expansion plans does Steel Strips Wheels have to support the sustained 54% YoY turnover growth in upcoming quarters?
To what extent is the 73% value growth in aluminum products driven by new EV platform contracts versus general passenger vehicle demand?
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