| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,930 | 1,201 | +60.8% |
| EBITDA | 236 | 111 | +111.6% |
| EBITDA margin | 12.2% | 9.3% | +2.9 pts |
| Profit before tax | 156 | 48.1 | +224.4% |
| Net profit | 117 | 35.5 | +229.3% |
| EPS | ₹7.44 | ₹2.26 | +229.2% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 8,265 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 9.1 | 6.4 | 7.4 | 40.3 | 18.3 | ||
| 826 | 826 | 828 | 1,048 | 638 | ||
| 9,081 | — | — | — | — | ||
| 6,235 | 5,183 | 4,429 | 4,357 | 4,041 | ||
| — | +17.0% | +1.7% | +7.8% | — | ||
| 676 | 510 | 484 | 464 | 443 | ||
| 10.8% | 9.8% | 10.9% | 10.7% | 11.0% | ||
| 521 | 374 | 373 | 360 | 362 | ||
| 294 | 190 | 195 | 675 | 194 | ||
| 4.7% | 3.7% | 4.4% | 15.5% | 4.8% | ||
| ₹18.70 | ₹12.10 | ₹12.42 | ₹42.92 | ₹12.33 | ||
| — | −2.6% | −71.1% | +248.1% | — | ||
| — | 332 | 517 | 193 | 348 | ||
| — | −193 | −212 | −383 | −137 | ||
| 139 | 139 | 304 | −190 | 211 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 8,264.5 | |
| - Cash, Equiv & ST Investments | 18.3 | 40.3 | 7.4 | 6.4 | 9.1 | |
| + Total Debt | 638.3 | 1,047.9 | 827.6 | 825.9 | 825.9 | |
| Enterprise Value | — | — | — | — | 9,081.4 | |
| Revenue | 4,040.5 | 4,357.1 | 4,429.0 | 5,182.8 | 6,235.2 | |
| Growth %, YoY | — | +7.8 | +1.7 | +17.0 | — | |
| EBITDA | 442.8 | 464.0 | 484.3 | 510.2 | 676.0 | |
| Margin % | 10.96 | 10.65 | 10.94 | 9.84 | 10.84 | |
| EBIT | 362.4 | 359.8 | 373.2 | 374.2 | 521.2 | |
| Net Income | 193.8 | 674.7 | 195.3 | 190.2 | 293.9 | |
| Margin % | 4.80 | 15.48 | 4.41 | 3.67 | 4.71 | |
| EPS, Adj (current shares) | 12.33 | 42.92 | 12.42 | 12.10 | 18.70 | |
| Growth %, YoY | — | +248.1 | -71.1 | -2.6 | — | |
| Cash from Operations | 348.1 | 192.9 | 516.6 | 331.6 | — | |
| Capital Expenditures | -136.7 | -382.9 | -212.3 | -192.8 | — | |
| Free Cash Flow | 211.4 | -190.0 | 304.3 | 138.8 | 138.8 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Steel Strips Wheels (NSE: SSWL) had a market capitalisation of ₹7,763 crore at the 30 October 2026 close (₹493.65 a share), a PE ratio of 26.4 on the last four quarters' profit and a price-to-book ratio of 3.91. In FY26 its consolidated net profit was ₹190 crore on revenue of ₹5,183 crore; in Q2 FY27 (July–September 2026) it was ₹117 crore, up 229.3% year on year. Its debt-to-equity ratio was 0.46 on 30 September 2026. Promoters held 61.21% of the shares on 30 September 2026.
Steel Strips Wheels' PE ratio is 26.4 at the 30 October 2026 close (₹493.65 a share): a market capitalisation of ₹7,763 crore divided by consolidated net profit of ₹294 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹190 crore) it is 40.8.
Steel Strips Wheels' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,985 crore on 30 September 2026, up 16.0% from ₹1,711 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹7,763 crore at the 30 October 2026 close.
Steel Strips Wheels' book value per share was ₹126.20 on 30 September 2026: shareholders' equity of ₹1,985 crore divided by the 15.73 crore shares in issue, up 15.9% from ₹108.88 a year earlier. The share price at the 30 October 2026 close was ₹493.65.
Steel Strips Wheels' price-to-book (PB) ratio is 3.91 at the 30 October 2026 close: a market capitalisation of ₹7,763 crore divided by shareholders' equity (book value) of ₹1,985 crore on 30 September 2026. That is a book value of ₹126.20 per share against a share price of ₹493.65.
In FY26, Steel Strips Wheels' return on equity (ROE) was 11.1% and its return on capital employed (ROCE) was 17.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 12.7% and ROCE 18.6%.
Steel Strips Wheels' dividend yield is 0.61% at the 30 October 2026 close: dividends of ₹3 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹493.65. They were ₹1.50 on 30 October 2026 (interim) and ₹1.50 on 23 September 2026.
Steel Strips Wheels' market capitalisation was ₹7,763 crore at the 30 October 2026 close: 15.73 crore shares at ₹493.65 each.
No. Steel Strips Wheels had borrowings of ₹911 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.46. Its cash and current investments were ₹26.5 crore, so its net debt was ₹885 crore.
Steel Strips Wheels' basic earnings per share (EPS) were ₹12.11 in FY26, against ₹12.44 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹18.70.
Steel Strips Wheels' debt-to-equity ratio was 0.46 on 30 September 2026: borrowings of ₹911 crore against total equity of ₹1,985 crore. A year earlier, on 30 September 2025, it was 0.53.
In 2026, Steel Strips Wheels has declared two dividends totalling ₹3 a share: ₹1.50 with record date 23 September 2026 and ₹1.50 (interim) with record date 30 October 2026.
Steel Strips Wheels has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
Promoters held 61.21% of Steel Strips Wheels on 30 September 2026, up 0.07 percentage points from 61.14% the previous quarter and up 0.07 percentage points from 61.14% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Steel Strips Wheels generated ₹332 crore of cash from operations and spent ₹193 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹139 crore. In FY25 it was ₹304 crore.
Steel Strips Wheels' latest results are for Q2 FY27 (July–September 2026), filed on 23 October 2026: consolidated net profit ₹117 crore, up 229.3% from ₹35.5 crore in Q2 FY26; revenue from operations ₹1,930 crore, up 60.8% year on year.
On 30 September 2026, Steel Strips Wheels' shares were held by promoters 61.21%, foreign portfolio investors (FII/FPI) 8.37%, domestic institutions (DII) 1.38% (including mutual funds at 0.01%) and retail and other non-institutional investors 29.04%. Over the year, FII holding was down 0.36 percentage points from 8.73% and DII holding was down 3.24 percentage points from 4.62%.
At the 30 October 2026 closing prices, on FY26 net profit, Steel Strips Wheels' PE ratio is 40.8, the highest of the four: NRB Bearing 30.4, Rolex Rings 31.4 and Sharda Motor Industries 13.4, a peer average of 25.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Steel Strips Wheels earned net profit of ₹190 crore on revenue of ₹5,183 crore, against ₹143 crore on ₹1,335 crore for NRB Bearing. Steel Strips Wheels' operating margin was 7.2% (NRB Bearing 13.1%) and its return on equity 11.1% (NRB Bearing 15.2%). At the 30 October 2026 close, Steel Strips Wheels' market capitalisation was ₹7,763 crore against ₹4,339 crore for NRB Bearing, and its PE ratio on FY26 profit 40.8 against 30.4.
In FY26 (April 2025–March 2026), Steel Strips Wheels' consolidated net profit was ₹190 crore, down 2.6% from ₹195 crore in FY25, on revenue from operations of ₹5,183 crore (up 17.0%). Over three years, from FY23, net profit was down 1.8%.
On FY26 consolidated figures, against NRB Bearing, Rolex Rings and Sharda Motor Industries: Steel Strips Wheels' operating margin of 7.2% is the lowest of the four (NRB Bearing 13.1%, Rolex Rings 16.9%, Sharda Motor Industries 10.5%; peer average 13.5%); its return on equity of 11.1% is the lowest of the four (NRB Bearing 15.2%, Rolex Rings 12.4%, Sharda Motor Industries 29.1%; peer average 18.9%); its revenue growth over three years of 8.7% a year is the highest of the four (NRB Bearing 8.1% a year, Rolex Rings −1.0% a year, Sharda Motor Industries 8.0% a year; peer average 5.0% a year).
From Steel Strips Wheels' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.