| Market Cap | ₹6,143.6 CrAuto Components |
|---|---|
| P/E Ratio | 28.92Sector PE: 31.52 |
| 1-Yr Price Change | 73.5%Outperforming Sector |
| RSI | 50.48Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 1,930 | 1,510 | 1,201 |
| Other Income | 0.8 | 0.8 | 0.9 |
| Total Income | 1,931 | 1,511 | 1,202 |
| Profit Before Tax | 156 | 93.5 | 48.1 |
| Net Profit | 117 | 69.5 | 35.5 |
| Operating Margin | 8.1% | 6.2% | 4.0% |
| Net Profit QoQ | +68.2% | ||
| Net Profit YoY | +229.3% | ||
| Adj. Profit QoQ | +68.0% | ||
| Adj. Profit YoY | +229.2% | ||
Key highlights
- Revenue from operations grew 60.7% year-on-year to ₹1,930 crore
- Net profit surged 229.3% to ₹117 crore compared to ₹35.5 crore in Q2-26
- Operating margins expanded to 8.1% from 4.0% in the same quarter last year
- Board approved a ₹1,400 crore greenfield manufacturing facility in Aurangabad
- Declared an interim dividend of ₹1.50 per equity share for FY27
Record Turnover Drives Margin Expansion
Steel Strips Wheels Limited (SSWL) recorded a significant rise in its financial performance for the quarter ended September 30, 2026, with revenue from operations reaching ₹1,930 crore. This represents a 60.7% increase compared to ₹1,201 crore in the corresponding quarter of the previous year. The company's operating margin improved substantially to 8.1% from 4.0% YoY, benefiting from its highest-ever monthly net turnover of ₹625.81 crore achieved in September 2026.
Net profit surged 229.3% YoY to ₹117 crore, supported by steady domestic OEM orders and a focused execution strategy that saw profit before tax reach ₹156 crore.
Aurangabad Greenfield Expansion Details
- Estimated project outlay of ₹1,400 crore over a 60-month timeframe
- Targeting Chhatrapati Sambhajinagar for alloy wheels and steel wheels for PV and OTR
- Proposed initial capacity of 2.5 million units per annum for alloy wheels
- Steel wheel capacity for PV and OTR planned at 1.6 million units per annum
- Addition of a hot stamping line with 1.3 million strokes per annum capacity
- Funding through a combination of debt and internal accruals
Shareholder Rewards and Strategic Renewals
The Board of Directors declared an interim dividend of ₹1.50 per share on a face value of ₹1, setting October 30, 2026, as the record date. Strategically, the company approved the renewal of its lease agreement with AMW Autocomponent Limited (AACL) for a period of up to five years starting November 26, 2026. This renewal, at a monthly rent of ₹45 lakh, ensures continued access to leasehold premises in Bhuj.
Additionally, the company strengthened its leadership by appointing Pranav Jain as Vice-President of Finance & Accounts, effective October 23, 2026, to oversee corporate and plant operations.
| Date | Announcement | Amount |
|---|---|---|
| 15 Jul 2026 | Q1 FY27 Consolidated Net ProfitSource: aliceblueonline.com | ₹69.45 Cr |
| 29 May 2026 | Q4 FY26 Consolidated Net ProfitSource: whalesbook.com | ₹60.80 Cr |
| 22 Jan 2026 | Q3 FY26 Consolidated Net ProfitSource: hdfcsec.com | ₹46.61 Cr |
| 12 Nov 2025 | Q2 FY26 Consolidated Net ProfitSource: scanx.trade | ₹34.53 Cr |
| 01 Aug 2025 | Q1 FY26 Consolidated Net ProfitSource: aliceblueonline.com | ₹47.24 Cr |
| 15 May 2025 | Q4 FY25 Consolidated Net ProfitSource: equitybulls.com | ₹60.65 Cr |
What to watch next
- Interim dividend payment to eligible shareholders on or before November 21, 2026
- Record date for dividend eligibility scheduled for October 30, 2026
- Receipt of requisite approvals and clearances for the ₹1,400 crore Aurangabad project
- Commencement of renewed lease term with AMW Autocomponent on November 26, 2026
| Share price | ₹390.65 |
|---|---|
| Market capitalisation | ₹6,143.56 Cr |
| Revenue (annual) | ₹5,182.80 Cr |
| Net profit (annual) | ₹190.22 Cr |
| Revenue (latest quarter) | ₹1,509.82 Cr+2.39% vs previous quarter |
| Net profit (latest quarter) | ₹69.45 Cr+14.14% vs previous quarter |
| P/E (TTM) | 28.92×Sector 31.52× |
| Promoter holding | 61.21%+0.07% QoQ |
| FII holding | 8.37%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Steel Strips Wheels Ltd announcing unaudited financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
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