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Latest news about Steel Strips Wheels

Steel Strips Wheels Limited Signs $19 Million Tripartite Agreement for Alloy Wheels Manufacturing Facility in Gujarat 1 day ago

Steel Strips Wheels Limited has signed a tripartite agreement with Chinese entities Liuzhou Arays Technology Co., Limited and Hainan Jihoo Import & Export Co. Ltd. for establishing an alloy wheels manufacturing facility at Bhuj, Gujarat. The agreement, valued at approximately $19 million, covers technology transfer, equipment supply, and technical know-how for a facility with 1.2 million units annual capacity. This strategic partnership supports the company's capacity expansion plans by leveraging Arays' expertise in alloy wheel manufacturing and global automotive industry relationships.

Steel Strips Wheels Reports Record January Revenue of ₹480.03 Crore, Up 17.32% YoY Jan 30, 2026

Steel Strips Wheels Reports 16% Revenue Growth in 9M FY26 Despite Export Headwinds Jan 22, 2026

Steel Strips Wheels Reports 5% Decline in Q3 Net Profit to ₹49.20 Crores Jan 22, 2026

Steel Strips Wheels Limited Receives ESG Score of 68.6 from SES ESG Research Jan 20, 2026

More news about Steel Strips Wheels

15Jan 26

Steel Strips Wheels Limited Schedules Q3 FY26 Results Conference Call for January 23, 2026

Steel Strips Wheels Limited has scheduled an analysts and investors conference call for January 23, 2026, at 3:00 PM IST to discuss Q3 FY26 results. The virtual call, hosted by Anand Rathi Research, will feature key management including Deputy MD Mohan Joshi and CFO Rahul Kumar. The company has provided multiple international access numbers and confirmed no price sensitive information will be shared during the conference.

13Jan 26

Steel Strips Wheels Receives ₹220 Target Price as Europe Revenue Contribution Reaches 52%

Axis Securities has set a ₹220 target price for Steel Strips Wheels, citing strong European market expansion with revenue contribution rising to 52% in H1FY26 from 32% in FY25. The company is strategically expanding alloy wheel capacity from 4.20 million to 5.30 million units by FY26 while launching aluminium knuckles as a new growth vertical with ₹130.00 crore capex investment. Financial projections show revenue growing from ₹4,877.00 crores in FY25A to ₹5,241.00 crores by FY27E, with improving valuation metrics including P/E ratio compression from 17.1x to 11.8x.

01Jan 26

Steel Strips Wheels Reports Record December 2025 Performance with 15.98% Growth

Steel Strips Wheels Limited recorded its highest monthly sales in December 2025 with gross turnover reaching ₹515.87 crore compared to ₹444.81 crore in December 2024, representing a 15.98% year-over-year growth. The company demonstrated strong performance across tractor, aluminum, and truck sectors.

29Dec 25

Steel Strips Wheels Plans Capacity Expansion with New Alloy Wheels Unit in Gujarat

Steel Strips Wheels has announced plans to establish a new alloy wheels production unit in Gujarat, expanding its manufacturing capacity. The company has also executed a lease agreement with its subsidiary AACL as part of its operational restructuring. This expansion is aimed at strengthening the company's position in the automotive components sector and enhancing its capacity to serve the automotive market.

26Dec 25

Steel Strips Wheels Plans Gujarat Alloy Wheels Facility, Signs Lease Deal

Steel Strips Wheels Limited has signed a lease agreement with its wholly owned subsidiary AACL for a Gujarat manufacturing facility spanning 288,793.19 sq. mt. at ₹45.00 lakh monthly rent. The subsidiary plans to establish two production units - alloy wheels with 7.20 million units capacity and aluminum steering knuckles with 0.60 million units capacity, requiring total capital expenditure of ₹420.00 crores with completion targeted for Q4 FY 2026-27.

12Dec 25

Steel Strips Wheels Limited Submits Share Transfer Agent Report to Stock Exchanges

Steel Strips Wheels Limited filed its mandatory report with BSE and NSE on December 12, 2025, regarding physical share transfer re-lodgement requests as required by SEBI regulations. The report, prepared by registrar MUFG Intime India Private Limited, covers the status as of December 07, 2025. The company has implemented comprehensive awareness initiatives including newspaper publications, LinkedIn posts, and website disclosures to inform shareholders about the special window for share re-lodgement procedures.

12Dec 25

Steel Strips Wheels Wins $1M US Export Orders for Trailer Wheels

Steel Strips Wheels announced securing nearly USD 1 million (INR 9.02 crores) in export orders for trailer wheels from US customers through regulatory filing. The orders will be executed from the Chennai plant with shipments scheduled for December 2025, indicating restart of cooperation with US clients and potential for higher repeat orders.

01Dec 25

SSWL Reports Robust Revenue Growth of 17.93% in November 2025

Steel Strips Wheels Limited (SSWL) has announced strong financial results for November 2025. The company's net turnover increased by 17.93% year-over-year to ₹438.13 crore, up from ₹371.52 crore in November 2024. Gross turnover also saw a 10.98% rise, reaching ₹505.02 crore compared to ₹455.05 crore in the previous year. The higher growth rate in net turnover compared to gross turnover suggests improved operational efficiency or favorable market conditions.

19Nov 25

Steel Strips Wheels Reports 13% Revenue Growth Amid Export Challenges in H1 FY26

Steel Strips Wheels Limited (SSWL) achieved a 13% year-on-year revenue growth to INR 2,387.00 crores in H1 FY26, despite a 26% decline in U.S. exports due to tariff impacts. The alloy wheels segment contributed 36% of total revenue with 18 lakh units sold. The new aluminum knuckles business generated INR 33.00 crores from 1.24 lakh units. SSWL is shifting focus to European markets, with export share to Europe increasing from 32% to 52%. The company plans to expand alloy wheel capacity from 4.2 million to 5 million and aluminum knuckles capacity from 2.5 lakhs to 5 lakhs, with a total planned capex of INR 250.00 crores for FY26.

13Nov 25

Steel Strips Wheels Corrects CFO Appointment Details, Clarifies Rahul Kumar's Qualifications

Steel Strips Wheels Limited (SSWL) has issued a correction regarding the qualifications of their newly appointed CFO, Rahul Kumar. The company clarified that Kumar has passed Level III of the CFA Program, not a Chief Financial Analyst as previously stated. Kumar, a Chartered Accountant with over 8 years of experience, specializes in financial reporting, internal audit, MIS, and cost optimization. His appointment as CFO and Key Managerial Personnel became effective from November 12, 2025.

12Nov 25

Steel Strips Wheels Reports Q2 Results and Appoints New CFO

Steel Strips Wheels Limited (SSWL) announced its Q2 FY2026 financial results, reporting consolidated revenue of ₹1,20,056.91 lakh and profit after tax of ₹3,452.62 lakh. The company appointed Rahul Kumar as the new CFO, effective November 12, 2025. SSWL also implemented measures to enhance corporate governance, including authorizing personnel for determining materiality of events and making disclosures to stock exchanges.

03Nov 25

Steel Strips Wheels Achieves 12% Sales Growth and Record Aluminium Sales in October 2025

Steel Strips Wheels Limited (SSWL) reported strong financial results for October 2025, with net turnover increasing by 12.39% to ₹415.90 crore. The company's aluminium segment showed exceptional growth, with a 47% increase in value and 31% in volume year-over-year. Tractor sales also demonstrated robust growth. However, SSWL faced challenges in the two and three-wheeler segment, passenger car steel segment, and overall exports, which saw declines. The varied performance across segments highlights SSWL's ability to navigate market fluctuations and capitalize on specific growth opportunities.

12Sept 25

Steel Strips Wheels CFO Naveen Sorot Steps Down, Citing Family Relocation

Naveen Sorot, CFO and Key Managerial Personnel of Steel Strips Wheels Limited (SSWL), has resigned effective September 12, 2025, citing personal family reasons requiring relocation to Gurgaon. Sorot will step down from his roles in the Risk Management Committee, as a Key Managerial Personnel for stock exchange disclosures, and as Senior Management Personnel. The company has not yet announced a successor for the CFO position.

01Sept 25

Steel Strip Wheels Reports 6.3% Revenue Growth in August 2025

Steel Strips Wheels Limited (SSWL) announced a net turnover of ₹385.98 crores for August 2025, a 6.3% year-over-year increase. The company's gross turnover reached ₹475.06 crores, up 7.44% from the previous year. Aluminium products showed exceptional growth with a 30% increase in value. The tractor segment achieved its highest-ever monthly sales, growing by 10% in value. The truck segment grew by 9% in value. However, the passenger car steel wheel segment declined by 37% in value, and exports decreased by 29% in value compared to the previous year.

08Aug 25

Steel Strips Wheels Reports 15% Revenue Growth in Q1, Eyes European Expansion

Steel Strips Wheels Limited (SSWL) reported strong Q1 results with 15% year-on-year revenue growth. Profit after tax increased 8% to INR 50.00 crores, while EBITDA grew 6.1% to INR 125.00 crores. Export revenue surged 30% to INR 160.00 crores. The alloy wheel segment's contribution to revenue rose from 29% to 35%. SSWL secured nominations worth INR 300.00 crores from European OEMs for steel wheels and plans to establish a wholly-owned subsidiary in the EU. The company's new aluminum knuckle segment generated INR 13.20 crores in Q1. SSWL is expanding alloy wheel and knuckle capacities, aiming for 65,000-75,000 knuckles per month by Q4 FY2027. The company expects to maintain EBITDA per wheel at current levels and projects year-end debt between INR 850.00-900.00 crores.

04Aug 25

Steel Strips Wheels Secures ₹300 Crore Five-Year Order from European OEMs

Steel Strips Wheels Limited (SSWL) has won a ₹300 crore contract over five years from two leading European Original Equipment Manufacturers (OEMs) for vehicle programs in the EU and South America. Production is set to begin in early 2027 from SSWL's Chennai plant. This contract aligns with SSWL's strategy to diversify markets, expand geographically, and enhance its global reputation. The company anticipates more business from Global OEMs in the coming months.

01Aug 25

Steel Strips Wheels Reports Q1 FY2026 Results; Board Approves Key Appointments and European Subsidiary Plan

Steel Strips Wheels Limited (SSWL) reported Q1 FY2026 standalone revenue of Rs 1,23,393.76 lakhs and profit after tax of Rs 4,993.52 lakhs. The Board approved re-appointments of key directors, appointed a new Secretarial Auditor, and plans to incorporate a European subsidiary. SSWL's July 2025 sales showed a 4.48% year-over-year increase in net turnover to Rs 378.87 crore, with strong growth in aluminum products and tractor segments.

01Aug 25

Steel Strips Wheels Reports 18% Revenue Growth in Q1 Results and 4.48% Growth in Net Turnover for July 2025

Steel Strips Wheels Limited (SSWL) reported an 18% revenue growth in Q1, with revenue reaching 12.00 billion rupees. The company's July 2025 net turnover increased by 4.48% year-over-year to Rs. 378.87 crore. Q1 net profit rose to 499.00 million rupees, and EBITDA increased to 1.22 billion rupees. Segment-wise, aluminum products showed strong growth (29% value, 19% volume), while passenger car steel products declined significantly (19% value, 12% volume). Despite overall value growth of 4%, SSWL faced a 2% decrease in total volume for July 2025.

02Jun 25

SSWL Reports 19.97% Jump in Net Turnover for May 2025

Steel Strips Wheels Limited (SSWL) announced impressive financial results for May 2025. The company's net turnover increased by 19.97% to Rs 470.35 crore, up from Rs 392.04 crore in May 2024. Gross turnover also saw a significant rise of 19.36%, reaching Rs 500.76 crore compared to Rs 419.55 crore in the previous year. This strong performance indicates robust market demand and operational efficiency for SSWL in the automotive wheel manufacturing sector.

16May 25

Steel Strips Wheels Unveils Ambitious Capacity Expansion Plans

Steel Strips Wheels Limited (SSWL) has unveiled plans to significantly increase its production capacity for both alloy and steel wheels by FY26. The company aims to add 11.00 lakh alloy wheels at its Mehsana plant, bringing the total to 53.00 lakh wheels. Additionally, SSWL plans to introduce 65.00 lakh steel wheels in phases. This expansion strategy reflects SSWL's confidence in future market demand and its goal to strengthen its position in the automotive wheel manufacturing sector.

15May 25

Steel Strips Wheels Reports Q4 Growth and Announces Dividend

Steel Strips Wheels Ltd. announced Q4 FY2023 results with revenue up 12.15% to ₹12.00 billion. EBITDA increased 20.72% to ₹1.34 billion, with margin improving to 10.90%. Net profit rose 2.32% to ₹0.62 billion. The company declared a dividend of ₹1.25 per share.

02May 25

Steel Strips Wheels Reports Impressive 25.39% YoY Growth in April 2025 Net Turnover

Steel Strips Wheels Limited (SSWL) announced a significant increase in net turnover for April 2025. The company's net turnover reached ₹424.11 crore, up from ₹338.22 crore in April 2024, representing a 25.39% year-over-year growth. This strong start to the fiscal year demonstrates SSWL's resilience and growth in the automotive components market, potentially reflecting increased demand for automotive wheels, new client acquisitions, or market expansion.

01Apr 25

Steel Strips Wheels: Record Monthly Sales Drive 6% Stock Surge and 27.29% YoY Growth in Net Turnover

Steel Strips Wheels achieved its highest-ever monthly sales, with net turnover reaching ₹433.70 crore, a 27.29% year-over-year increase. The company saw significant growth across various segments: Alloy Wheels up by 50%, Truck Segment by 32%, and Tractor Segment by 23%. In response to this performance, the company's stock price jumped 6% to ₹188.36, ending a four-day losing streak.

03Mar 25

Steel Strips Wheels Reports Record-Breaking Performance in February 2025

Steel Strips Wheels Limited (SSWL) achieved a net turnover of Rs. 407.74 crore in February 2025, an 18.88% increase year-over-year. The company saw growth across multiple segments, with exports rising 36% in value and 38% in volume. The aluminium segment hit record sales with a 34% value increase. Commercial vehicles, especially trucks, showed strong growth at 29% volume increase. While most segments grew, the 2&3 wheeler category had mixed results with a 26% value increase but 38% volume decrease.