Steel Strips Wheels has provided financial guidance for FY27, targeting an EBITDA of INR 650 crores with an upward bias, driven by near-full capacity utilization. The company expects PAT growth of 15% to 20% for the year, supported by robust domestic demand and a recovery in exports. Management outlined these projections during its Q4FY26 earnings conference call held on June 2, 2026, where it also detailed expansion plans for its new Bhuj facility.

Financial Guidance and Performance

For FY27, the company projects EBITDA per wheel to reach approximately INR 300, compared to INR 272 in FY26. Total EBITDA is expected to be around INR 650 crores, with potential to reach INR 700–750 crores in FY28. The guidance assumes 95% utilization of steel plants and almost 100% utilization of all commissioned assets. Export revenue is anticipated to recover to INR 600 crores in FY27, which would be the second highest in the company's history, aided by rationalized tariffs and diversified market access.

Expansion and CapEx Plans

The company is executing a INR 500 crores CapEx plan at its new Bhuj facility to manufacture aluminum wheels and knuckles. The facility will have a capacity of 1.2 million units for aluminum wheels and 1.1 million units for knuckles. Trial production is scheduled from October to January, with significant utilization of 70% or higher expected in FY28. At full utilization, the facility is expected to add INR 700–800 crores in revenue. To fund this expansion, debt is projected to increase by approximately INR 200 crores in FY27.

Operational Outlook

Management highlighted the EV segment, particularly scooters and 3-wheelers, as a key growth area, guiding for 25% to 40% growth. The company holds a near-monopoly supplier position for EV scooter wheels. Additionally, brownfield expansion in steel wheels will increase tractor capacity by 15% to 20% OTR, with new paint shops and rim lines expected to come online around October to December. The company confirmed that no unpublished price sensitive information was shared during the interaction.

steel strips wheels has announced the resignation of Mohan Joshi from the post of Deputy Managing Director (Executive Director). The resignation is effective from the close of business hours on June 3, 2026, as the executive steps down to attend to personal health and family commitments.

Joshi has also resigned from his membership on key board committees, including the Audit Committee, Corporate Social Responsibility & Sustainability Committee, Risk Management Committee, and Finance Committee. In his resignation letter addressed to the Board of Directors, he confirmed that there are no other material reasons for his departure aside from the stated personal reasons.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Joshi expressed gratitude to Sh. Dheeraj Garg, Managing Director, and the leadership team for the trust placed in him during his tenure.

Key Details of Resignation