Steel Strips Wheels Ltd has received an overall ESG rating of 64, categorized as "Strong", from CRISIL ESG Ratings & Analytics Limited. The assessment was conducted voluntarily and relies on data available in the public domain.

Rating details

The rating agency assigned the score of 64 under the "Strong" category. This evaluation reflects the company's performance against Environmental, Social, and Governance criteria as assessed by CRISIL.

Disclosure context

The company disclosed this development to stock exchanges on October 16, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Kanika Sapra, Company Secretary & Compliance Officer.

Steel Strips Wheels Ltd recorded its highest-ever monthly sales turnover in September 2026, with net turnover rising 52.41% YoY to ₹625.81 crore. This performance marks a significant acceleration from the ₹410.60 crore logged in September 2025.

The surge was underpinned by robust demand across both domestic and international markets. The company also achieved its highest-ever quarterly sales for Q2FY27 and half-yearly sales for H1FY27, indicating sustained momentum beyond the single month.

Segment Performance Breakdown

The growth was not uniform across product categories, with exports showing the most dramatic expansion. The table below details the year-on-year performance by segment:

What the Numbers Show

A divergence between value and volume growth highlights a shift in product mix. While total volume expanded 22% YoY, value growth outpaced it at 52.41%. This gap suggests that Steel Strips Wheels is selling higher-margin products or benefiting from favorable pricing dynamics. The export segment exemplifies this trend most starkly: value grew 154% against a 33% volume increase, indicating a substantial improvement in average selling prices or a mix shift toward premium export orders.

Operational Drivers

Several factors contributed to the record month:

• Global Demand: International procurement of both steel and aluminium wheels increased significantly, driving the 154% value growth in exports.
• EV Transition: The 2 & 3 Wheeler segment saw 61% value growth, supported by rising electric vehicle demand.
• Domestic Momentum: A steady order book from domestic OEMs and early festive demand helped stabilize overall momentum.

Gross turnover for the month reached ₹728.18 crore, representing a 46.90% YoY increase. The company remains focused on capitalizing on these trends through continued capacity utilization and market penetration.