Steel Strips Wheels cash flow

Latest FY26

Cash from operations: ₹332cr−35.8% on FY25
Capital spending: ₹193cr−9.2% on FY25
Free cash flow: ₹139cr−54.4% on FY25
Cash from financing: −₹144cr−₹354 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	136	111	104	80.4
	—	123	117	103	83.5
	—	0.0	−2.2	−12.1	−11.9
	—	7.3	4.6	4.7	0.0
	—	−0.7	0.0	−473	0.0
	—	0.0	0.0	0.2	0.0
	—	0.0	−0.6	0.0	−2.6
	—	−209	−45.8	37.0	−87.0
	—	−123	−46.6	−91.0	43.0
	—	249	153	−99.9	35.7
	—	−35.5	36.2	0.0	0.0
	—	−13.5	0.0	0.0	0.0
	—	−15.0	−4.5	−5.2	−10.5
	—	0.0	0.0	−56.7	−26.2
Cash from operating activities
	394	254	259	744	291
	—	119	323	−489	104
	—	373	582	255	396
	—	−1.2	0.0	0.0	0.0
	—	40.0	65.0	62.0	47.6
	—	332	517	193	348
Cash from investing activities
	—	193	212	383	137
	—	5.4	21.3	3.4	0.8
	—	0.0	6.9	0.0	0.0
	—	0.0	0.0	0.0	4.0
	—	1.2	2.2	14.5	11.9
	—	−186	−196	−365	−128
Cash from financing activities
	—	0.5	0.0	0.8	0.8
	—	132	0.0	485	123
	—	133	220	167	262
	—	0.3	0.3	0.3	0.0
	—	123	117	103	83.5
	—	19.6	15.7	15.7	11.7
	—	0.0	0.0	−29.3	0.0
	—	−144	−354	171	−234
	—	1.3	−32.8	−1.1	−13.9
	—	1.3	−32.8	−1.1	−13.9
	—	—	—	42.9	44.0
Reference items
	676	510	484	464	443
	10.8%	9.8%	10.9%	10.7%	11.0%
	139	139	304	−190	211
	—	14.0	−33.2	117	—
	₹8.83	₹8.83	₹19.36	−₹12.09	₹13.45
	59.53×	—	—	—	—
	—	1.74×	2.65×	0.29×	1.80×
	—	40.0	65.0	62.0	47.6
	—	123	117	103	83.5

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

SSWL₹525.80

Steel Strips Wheels Limited

· Auto & Mobility

₹ CrorePeersNRBBEARING ROLEXRINGS SHARDAMOTR LGBBROSLTD LUMAXIND UNIPARTS SANDHAR WHEELSMcap ₹8,265 Cr

View

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	80.4	104.2	111.1	136.0	—
+ Finance Costs	83.5	102.7	117.2	123.2	—
+ Interest Income	-11.9	-12.1	-2.2	0.0	—
+ Share-based Payments	0.0	4.7	4.6	7.3	—
+ Other Non-cash Items	0.0	-473.0	0.0	-0.7	—
+ Other — Cash Effects are Investing / Financing	0.0	0.2	0.0	0.0	—
+ Other Reconciling Items	-2.6	0.0	-0.6	0.0	—
Changes in Working Capital
+ Inventories	-87.0	37.0	-45.8	-209.4	—
+ Trade Receivables — Current	43.0	-91.0	-46.6	-122.6	—
+ Trade Payables — Current	35.7	-99.9	153.1	248.9	—
+ Other Financial Liabilities — Current	0.0	0.0	36.2	-35.5	—
+ Other Financial Liabilities — Non-current	0.0	0.0	0.0	-13.5	—
+ Provisions — Current	-10.5	-5.2	-4.5	-15.0	—
+ Provisions — Non-current	-26.2	-56.7	0.0	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	291.2	743.9	259.1	254.1	394.4
+ Total Adjustments (incl. Working Capital)	104.5	-489.0	322.5	118.7	—
Cash from Operations (pre-tax)	395.7	254.9	581.6	372.8	—
+ Interest Received — Operating	0.0	0.0	0.0	-1.2	—
+ Income Taxes Paid	47.6	62.0	65.0	40.0	—
Cash from Operating Activities	348.1	192.9	516.6	331.6	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	136.7	382.9	212.3	192.8	—
+ Disp of Fixed Assets	0.8	3.4	21.3	5.4	—
+ Purchase of Investments (Equity / Debt)	0.0	0.0	6.9	0.0	—
+ Acq of Subsidiaries / Businesses (net)	4.0	0.0	0.0	0.0	—
+ Interest Received — Investing	11.9	14.5	2.2	1.2	—
Cash from Investing Activities	-127.9	-365.0	-195.7	-186.2	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.8	0.8	0.0	0.5	—
+ Proceeds from Borrowings	122.5	484.7	0.0	131.8	—
+ Repayment of Borrowings	262.1	166.7	220.5	133.3	—
+ Payment of Lease Liabilities	0.0	0.3	0.3	0.3	—
+ Interest Paid	83.5	102.6	117.2	123.1	—
+ Dividends Paid	11.7	15.7	15.7	19.6	—
+ Other Inflows / (Outflows) — Financing	0.0	-29.3	0.0	0.0	—
Cash from Financing Activities	-234.1	171.0	-353.7	-144.1	—
Net Changes in Cash (pre-FX)	-13.9	-1.1	-32.8	1.3	—
Net Changes in Cash	-13.9	-1.1	-32.8	1.3	—
Closing Cash	44.0	42.9	—	—	—
Reference Items
EBITDA	442.8	464.0	484.3	510.2	676.0
EBITDA Margin %	10.96	10.65	10.94	9.84	10.84
Free Cash Flow (CFO − Capex)	211.4	-190.0	304.3	138.8	138.8
Free Cash Flow to Equity	—	117.1	-33.2	14.0	—
Free Cash Flow per Basic Share	13.45	-12.09	19.36	8.83	8.83
Price to Free Cash Flow	—	—	—	—	59.53
Cash Flow to Net Income	1.80	0.29	2.65	1.74	—
Cash Paid for Taxes	47.6	62.0	65.0	40.0	—
Cash Paid for Interest	83.5	102.6	117.2	123.1	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.