India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,140 Rajinder Kumar Garg & family ₹2,200 Cr
Market Cap
₹6,158 Cr
SSWL · NSE
Share Price
₹390.65
-0.24% today
Revenue
₹5,183 Cr
FY 2025-26 · +17.0% YoY
EBITDA
₹510 Cr
Margin 9.8%
Net Profit
₹188 Cr
FY 2025-26 · -3.6% YoY
P/E (TTM)
30.5x
P/B 3.8x
ROE
8.4%
ROCE 12.1%
Debt / Equity
0.51
Interest cover 32.9x
About Steel Strips Wheels Ltd
Data last updated:
Steel Strips Wheels Ltd is a public limited company based in Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 28 February 1985 and has been in existence for over 41 years.
Its director Rajinder Kumar Garg and family are #1,140 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L27107PB1985PLC006159. Its GSTIN is 03AACCS3003L1ZS (Punjab). The company holds 19 GST registrations, of which 15 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 513262 and NSE: SSWL.
The company has an authorised share capital of ₹36.4 Cr and a paid-up capital of ₹15.72 Cr. It was formerly known as Punjab Wheels Limited. It is led by directors including Dheeraj Garg (Managing Director) and Manohar Lal Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vill. Somalheri/Lehli P.O. Dappar Teh. Derabassi Distt. Mohali., Punjab, India – 140506.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹5,182.8 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹188.34 Cr (net margin 3.6%) and EBITDA of ₹510.23 Cr (EBITDA margin 9.8%). The net worth stands at ₹1,804.82 Cr (up 11% YoY). Total assets are valued at ₹2,662.27 Cr (up 7.4% YoY).
The company has about 2,798 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Steel Strips Wheels. As per MCA filings, the company has open charges of ₹2,407.52 Cr and satisfied charges of ₹4,161.32 Cr on record. Court records list 176 cases involving the company, including 90 filed by the company and 87 filed against it; 33 cases are pending. The company has 36 deals on record (27 market trades, 4 acquisitions, 3 funding rounds), with disclosed funding of ₹33.04 Cr; the latest was in July 2026. Its 5 peer companies in the Automobiles industry (Auto Ancillary, Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Rashmi Metallurgical Industry Private Limited with revenue of ₹4,631.67 Cr. The company has 16 MSME Form 1 returns on record between 2016 and 2023, listing 4,165 overdue payments to 324 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sswlindia.com.
Company details
CIN L27107PB1985PLC006159
Registration Number 006159
Incorporation Date 28 February 1985
ROC Chandigarh
Listing Status Listed - Listed on NSE (SSWL); Listed on BSE (513262)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Steel Strips Wheels has one previous CIN (Corporate Identification Number): U27107PB1985PLC006159. The current CIN is L27107PB1985PLC006159, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27107PB1985PLC006159 | Current |
| U27107PB1985PLC006159 | Previous |
Key People
Dheeraj Garg Managing Director Manohar Lal Jain Whole-Time Director Siddharth Bansal Director Recognitions & Rankings of Steel Strips Wheels
Contact details
Steel Strips Wheels Ltd's registered office is in Punjab. Its website is sswlindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVill. Somalheri/Lehli P.O. Dappar Teh. Derabassi Distt. Mohali., Punjab, India – 140506
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Steel Strips Wheels Ltd, buy the company report.
Comprehensive company report
Steel Strips Wheels Ltd - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Steel Strips Wheels operates one associated brand: Steel Strips Wheels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel wheels and auto components are manufactured for vehicles. | sswlindia.com |
Business activity
The main business activity of Steel Strips Wheels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Steel Strips Wheels Ltd, buy the company report.
Financials of Steel Strips Wheels Ltd
FY 2025-26 filings availableSteel Strips Wheels Ltd reported revenue of ₹5,182.8 Cr (up 17% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹5,183 Cr
+17.0% YoY
EBITDA
₹510 Cr
+5.4% YoY
Profit After Tax
₹188 Cr
-3.6% YoY
Net Worth
₹1,805 Cr
+11.0% YoY
Total Assets
₹2,662 Cr
+7.4% YoY
Total Debt
₹828 Cr
+0.1% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 5,183 | 4,429 | 4,357 | 4,041 | 3,560 |
| Revenue growth | +17.0% | +1.7% | +7.8% | +13.5% | - |
| EBITDA | 510 | 484 | 464 | 443 | 453 |
| EBITDA margin | +9.8% | +10.9% | +10.6% | +11.0% | +12.7% |
| Profit before tax | 254 | 259 | 743 | 291 | 304 |
| Net profit | 188 | 195 | 260 | 194 | 205 |
| Net profit margin | +3.6% | +4.4% | +6.0% | +4.8% | +5.8% |
| EPS (₹) | 12.10 | 12.44 | 42.99 | 12.38 | 65.81 |
| Balance sheet | |||||
| Total assets | 2,662 | 2,479 | 2,522 | 1,872 | 1,828 |
| Net worth | 1,805 | 1,626 | 1,442 | 1,135 | 952 |
| Total debt | 828 | 828 | 1,048 | 639 | 778 |
| Cash & bank | 11.40 | 10.10 | 42.88 | 44.00 | 57.91 |
| Net working capital | 559 | 454 | 543 | 440 | 502 |
| Cash flow | |||||
| Cash from operations | 332 | 517 | 193 | 348 | 406 |
| Cash from investing | (186) | (196) | (365) | (128) | (154) |
| Cash from financing | (144) | (354) | 171 | (234) | (248) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,510 | 1,475 | 1,321 | 1,201 | 1,187 | 1,234 | 1,075 | 1,095 |
| Revenue growth (YoY) | +27.2% | +19.5% | +22.9% | +9.6% | +15.8% | - | - | - |
| Other income | 1.04 | 1.21 | 0.32 | 0.92 | 0.83 | 1.01 | 0.37 | 0.58 |
| EBITDA | 163 | 150 | 127 | 111 | 122 | 134 | 118 | 119 |
| EBITDA margin | +10.8% | +10.2% | +9.6% | +9.3% | +10.2% | +10.9% | +11.0% | +10.9% |
| Depreciation | 38.25 | 36.75 | 34.57 | 32.30 | 32.43 | 27.61 | 27.46 | 27.54 |
| Interest | 32.26 | 30.96 | 31.50 | 31.95 | 28.80 | 29.48 | 26.25 | 30.39 |
| Profit before tax | 93.49 | 83.29 | 61.65 | 48.08 | 61.13 | 78.02 | 64.34 | 61.93 |
| Tax | 24.03 | 22.44 | 15.04 | 12.56 | 13.88 | 17.37 | 16.63 | 15.81 |
| Net profit | 69.46 | 60.85 | 46.61 | 35.52 | 47.25 | 60.65 | 47.71 | 46.12 |
| EPS (₹) | 4.41 | 3.86 | 2.96 | 2.25 | 3.00 | 3.85 | 3.04 | 2.93 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,183 | 4,429 | 4,357 | 4,041 | 3,560 | 1,749 | 1,563 |
| Revenue growth | +17.0% | +1.7% | +7.8% | +13.5% | +103.5% | +11.9% | - |
| EBITDA | 511 | 487 | 465 | 443 | 453 | 204 | 171 |
| EBITDA margin | +9.9% | +11.0% | +10.7% | +11.0% | +12.7% | +11.7% | +11.0% |
| Profit before tax | 271 | 282 | 289 | 291 | 304 | 63.84 | 32.70 |
| Net profit | 200 | 210 | 219 | 194 | 205 | 48.70 | 23.31 |
| Net profit margin | +3.9% | +4.7% | +5.0% | +4.8% | +5.8% | +2.8% | +1.5% |
| EPS (₹) | 12.86 | 13.38 | 14.01 | 12.38 | 65.81 | 31.55 | 15.04 |
| Balance sheet | |||||||
| Total assets | 2,592 | 2,398 | 2,425 | 1,872 | 1,828 | 1,778 | 1,795 |
| Net worth | 1,735 | 1,544 | 1,346 | 1,135 | 952 | 749 | 698 |
| Total debt | 828 | 828 | 1,048 | 639 | 778 | 937 | 1,001 |
| Cash & bank | 6.52 | 3.07 | 30.92 | 44.00 | 57.91 | 53.20 | 91.70 |
| Net working capital | 698 | 593 | 675 | 440 | 502 | 516 | 535 |
| Cash flow | |||||||
| Cash from operations | 331 | 518 | 64.95 | 348 | 406 | 169 | 104 |
| Cash from investing | (184) | (192) | (370) | (128) | (154) | (37.05) | (69.26) |
| Cash from financing | (144) | (354) | 292 | (234) | (248) | (171) | (63.93) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,510 | 1,475 | 1,321 | 1,201 | 1,187 | 1,234 | 1,075 | 1,095 |
| Revenue growth (YoY) | +27.2% | +19.5% | +22.9% | +9.6% | +15.8% | - | - | - |
| Other income | 2.92 | 3.24 | 2.41 | 3.11 | 3.12 | 3.49 | 2.91 | 3.10 |
| Total expenses | 1,348 | 1,325 | 1,193 | 1,089 | 1,065 | 1,099 | 956 | 975 |
| EBITDA | 162 | 149 | 128 | 112 | 122 | 135 | 118 | 120 |
| EBITDA margin | +10.7% | +10.1% | +9.7% | +9.3% | +10.3% | +10.9% | +11.0% | +11.0% |
| Depreciation | 36.57 | 35.03 | 32.80 | 30.53 | 30.43 | 25.57 | 25.26 | 25.31 |
| Interest | 32.26 | 30.96 | 31.50 | 31.95 | 28.80 | 29.48 | 26.24 | 30.38 |
| Profit before tax | 96.34 | 86.53 | 65.94 | 52.57 | 65.92 | 82.97 | 69.73 | 67.41 |
| Tax | 24.83 | 22.08 | 16.77 | 14.04 | 15.99 | 21.27 | 17.89 | 17.20 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,510 | 1,475 | 1,321 | 1,201 | 1,187 | 1,234 | 1,075 | 1,095 |
| Revenue growth (YoY) | +27.2% | +19.5% | +22.9% | +9.6% | +15.8% | - | - | - |
| Other income | 1.04 | 1.21 | 0.32 | 0.92 | 0.83 | 1.01 | 0.37 | 0.58 |
| EBITDA | 163 | 150 | 127 | 111 | 122 | 134 | 118 | 119 |
| EBITDA margin | +10.8% | +10.2% | +9.6% | +9.3% | +10.2% | +10.9% | +11.0% | +10.9% |
| Depreciation | 38.25 | 36.75 | 34.57 | 32.30 | 32.43 | 27.61 | 27.46 | 27.54 |
| Interest | 32.26 | 30.96 | 31.50 | 31.95 | 28.80 | 29.48 | 26.25 | 30.39 |
| Profit before tax | 93.49 | 83.29 | 61.65 | 48.08 | 61.13 | 78.02 | 64.34 | 61.93 |
| Tax | 24.03 | 22.44 | 15.04 | 12.56 | 13.88 | 17.37 | 16.63 | 15.81 |
| Net profit | 69.46 | 60.85 | 46.61 | 35.52 | 47.25 | 60.65 | 47.71 | 46.12 |
| EPS (₹) | 4.41 | 3.86 | 2.96 | 2.25 | 3.00 | 3.85 | 3.04 | 2.93 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 5,183 | 4,429 | 4,357 | 4,041 | 3,560 |
| Revenue growth | +17.0% | +1.7% | +7.8% | +13.5% | - |
| Other income | 3.18 | 3.17 | 487 | 12.40 | 13.03 |
| Total expenses | 4,673 | 3,945 | 3,894 | 3,598 | 3,107 |
| Employee cost | 430 | 380 | 358 | 284 | 236 |
| EBITDA | 510 | 484 | 464 | 443 | 453 |
| EBITDA margin | +9.8% | +10.9% | +10.6% | +11.0% | +12.7% |
| Depreciation | 136 | 111 | 104 | 80.44 | 76.87 |
| Interest | 123 | 117 | 103 | 83.54 | 85.42 |
| Profit before tax | 254 | 259 | 743 | 291 | 304 |
| Tax | 63.93 | 63.71 | 68.75 | 97.42 | 98.06 |
| Net profit | 188 | 195 | 260 | 194 | 205 |
| Net profit margin | +3.6% | +4.4% | +6.0% | +4.8% | +5.8% |
| EPS (₹) | 12.10 | 12.44 | 42.99 | 12.38 | 65.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 15.72 | 15.69 | 15.69 | 15.65 | 15.61 |
| Reserves & surplus | 1,789 | 1,610 | 1,427 | 1,119 | 936 |
| Shareholders' funds (net worth) | 1,805 | 1,626 | 1,442 | 1,135 | 952 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 610 | 635 | 832 | 578 | 683 |
| Unsecured loans | 219 | 193 | 216 | 61.21 | 95.14 |
| Total debt | 828 | 828 | 1,048 | 639 | 778 |
| Total liabilities | 2,662 | 2,479 | 2,522 | 1,872 | 1,828 |
| Assets | |||||
| Gross block | 3,444 | 3,129 | 2,892 | 2,166 | 2,099 |
| Net block | 1,971 | 1,782 | 1,628 | 1,349 | 1,360 |
| Capital work in progress | 154 | 288 | 363 | 163 | 96.94 |
| Investments | 10.50 | 10.49 | 3.70 | 4.15 | 0.19 |
| Inventories | 952 | 743 | 697 | 734 | 647 |
| Sundry debtors | 609 | 486 | 440 | 349 | 392 |
| Cash & bank balances | 11.40 | 10.10 | 42.88 | 44.00 | 57.91 |
| Loans & advances | 63.27 | 36.33 | 33.97 | 51.56 | 107 |
| Total current assets | 1,636 | 1,276 | 1,214 | 1,178 | 1,205 |
| Total current liabilities | 1,076 | 822 | 670 | 738 | 703 |
| Net working capital | 559 | 454 | 543 | 440 | 502 |
| Total assets | 2,662 | 2,479 | 2,522 | 1,872 | 1,828 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 10.10 | 42.88 | 44.00 | 57.91 | 53.20 |
| Net cash from operating activities | 332 | 517 | 193 | 348 | 406 |
| Net cash from investing activities | (186) | (196) | (365) | (128) | (154) |
| Net cash from financing activities | (144) | (354) | 171 | (234) | (248) |
| Net change in cash | 1.31 | (32.79) | (1.12) | (13.91) | 4.71 |
| Closing cash | 11.40 | 10.10 | 42.88 | 44.00 | 57.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +17.0% | +1.7% | +7.8% | +13.5% | - |
| EBITDA growth | +5.4% | +4.5% | +4.7% | -2.2% | - |
| PBT growth | -1.9% | -65.2% | +155.3% | -4.1% | +9997.0% |
| Net income growth | -3.6% | -25.0% | +34.3% | -5.5% | - |
| Revenue CAGR (3Y) | +8.7% | +7.6% | - | - | - |
| EBITDA CAGR (3Y) | +4.8% | +2.3% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +3.7% | +4.4% | +15.5% | +4.8% | +5.8% |
| Return on capital employed | +12.1% | +14.3% | +17.5% | +20.9% | +21.9% |
| Return on net worth | +8.4% | +11.7% | +21.4% | +19.6% | +22.9% |
| Debt / equity | 0.51 | 0.65 | 0.69 | 0.72 | 0.87 |
| Long-term debt / equity | 0.17 | 0.23 | 0.22 | 0.22 | 0.31 |
| Interest cover | 32.93 | 31.43 | 28.57 | 23.05 | 22.72 |
| Efficiency & per share | |||||
| Fixed asset turnover | 1.62 | 1.52 | 1.77 | 1.94 | 1.74 |
| Inventory turnover | 6.12 | 6.15 | 6.09 | 5.85 | 5.50 |
| Debtors turnover | 9.46 | 9.56 | 11.05 | 10.90 | 9.07 |
| EPS (₹) | 12.10 | 12.44 | 42.99 | 12.38 | 65.81 |
| Dividend per share (₹) | 1.50 | 1.25 | 1.00 | 1.00 | 3.75 |
| Book value per share (₹) | 109.25 | 98.01 | 86.32 | 69.13 | 287.98 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,510 | 1,475 | 1,321 | 1,201 | 1,187 | 1,234 | 1,075 | 1,095 |
| Revenue growth (YoY) | +27.2% | +19.5% | +22.9% | +9.6% | +15.8% | - | - | - |
| Other income | 2.92 | 3.24 | 2.41 | 3.11 | 3.12 | 3.49 | 2.91 | 3.10 |
| Total expenses | 1,348 | 1,325 | 1,193 | 1,089 | 1,065 | 1,099 | 956 | 975 |
| EBITDA | 162 | 149 | 128 | 112 | 122 | 135 | 118 | 120 |
| EBITDA margin | +10.7% | +10.1% | +9.7% | +9.3% | +10.3% | +10.9% | +11.0% | +11.0% |
| Depreciation | 36.57 | 35.03 | 32.80 | 30.53 | 30.43 | 25.57 | 25.26 | 25.31 |
| Interest | 32.26 | 30.96 | 31.50 | 31.95 | 28.80 | 29.48 | 26.24 | 30.38 |
| Profit before tax | 96.34 | 86.53 | 65.94 | 52.57 | 65.92 | 82.97 | 69.73 | 67.41 |
| Tax | 24.83 | 22.08 | 16.77 | 14.04 | 15.99 | 21.27 | 17.89 | 17.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,183 | 4,429 | 4,357 | 4,041 | 3,560 | 1,749 | 1,563 |
| Revenue growth | +17.0% | +1.7% | +7.8% | +13.5% | +103.5% | +11.9% | - |
| Other income | 11.87 | 13.44 | 16.06 | 12.40 | 13.03 | 16.32 | 22.11 |
| Total expenses | 4,672 | 3,942 | 3,892 | 3,598 | 3,107 | 1,546 | 1,392 |
| Employee cost | 430 | 380 | 358 | 284 | 236 | 153 | 156 |
| EBITDA | 511 | 487 | 465 | 443 | 453 | 204 | 171 |
| EBITDA margin | +9.9% | +11.0% | +10.7% | +11.0% | +12.7% | +11.7% | +11.0% |
| Depreciation | 129 | 101 | 89.95 | 80.44 | 76.87 | 72.31 | 71.94 |
| Interest | 123 | 117 | 103 | 83.54 | 85.42 | 83.93 | 88.67 |
| Profit before tax | 271 | 282 | 289 | 291 | 304 | 63.84 | 32.70 |
| Tax | 68.86 | 72.06 | 68.75 | 97.42 | 98.06 | 14.58 | 9.25 |
| Net profit | 200 | 210 | 219 | 194 | 205 | 48.70 | 23.31 |
| Net profit margin | +3.9% | +4.7% | +5.0% | +4.8% | +5.8% | +2.8% | +1.5% |
| EPS (₹) | 12.86 | 13.38 | 14.01 | 12.38 | 65.81 | 31.55 | 15.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.72 | 15.69 | 15.69 | 15.65 | 15.61 | 15.61 | 15.59 |
| Reserves & surplus | 1,719 | 1,528 | 1,330 | 1,119 | 936 | 734 | 682 |
| Shareholders' funds (net worth) | 1,735 | 1,544 | 1,346 | 1,135 | 952 | 749 | 698 |
| Secured loans | 610 | 635 | 832 | 578 | 638 | 698 | 824 |
| Unsecured loans | 219 | 193 | 216 | 61.21 | 140 | 239 | 177 |
| Total debt | 828 | 828 | 1,048 | 639 | 778 | 937 | 1,001 |
| Total liabilities | - | - | 2,425 | 1,872 | 1,828 | 1,778 | 1,795 |
| Assets | |||||||
| Gross block | 2,947 | 2,622 | 2,363 | 2,166 | 2,099 | 1,923 | 1,904 |
| Net block | 1,826 | 1,628 | 1,457 | 1,349 | 1,360 | 1,259 | 1,307 |
| Capital work in progress | 142 | 271 | 346 | 163 | 96.94 | 109 | 85.47 |
| Investments | 16.09 | 16.09 | 9.15 | 4.15 | 0.19 | 0.19 | 0.19 |
| Inventories | 953 | 743 | 697 | 734 | 647 | 496 | 329 |
| Sundry debtors | 609 | 486 | 440 | 349 | 392 | 257 | 210 |
| Cash & bank balances | 6.52 | 3.07 | 30.92 | 44.00 | 57.91 | 53.20 | 91.70 |
| Loans & advances | 203 | 175 | 169 | 51.56 | 107 | 144 | 135 |
| Total current assets | 1,771 | 1,408 | 1,337 | 1,178 | 1,205 | 951 | 766 |
| Total current liabilities | 1,073 | 815 | 662 | 738 | 703 | 435 | 231 |
| Net working capital | 698 | 593 | 675 | 440 | 502 | 516 | 535 |
| Total assets | 2,592 | 2,398 | 2,425 | 1,872 | 1,828 | 1,778 | 1,795 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3.07 | 30.92 | 44.00 | 57.91 | 53.20 | 91.70 | 121 |
| Net cash from operating activities | 331 | 518 | 64.95 | 348 | 406 | 169 | 104 |
| Net cash from investing activities | (184) | (192) | (370) | (128) | (154) | (37.05) | (69.26) |
| Net cash from financing activities | (144) | (354) | 292 | (234) | (248) | (171) | (63.93) |
| Net change in cash | 3.46 | (27.85) | (13.08) | (13.91) | 4.71 | (38.51) | (29.30) |
| Closing cash | 6.52 | 3.07 | 30.92 | 44.00 | 57.91 | 53.20 | 91.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +17.0% | +1.7% | +7.8% | +13.5% | +103.5% | +11.9% | - |
| EBITDA growth | +5.0% | +4.7% | +5.1% | -2.2% | +122.2% | +19.0% | - |
| PBT growth | -3.9% | -2.3% | -0.9% | -4.1% | +375.4% | +95.2% | -70.0% |
| Net income growth | -4.7% | -4.1% | +13.0% | -5.5% | +321.1% | +108.9% | - |
| Revenue CAGR (3Y) | +8.7% | +7.6% | +35.6% | +37.2% | +20.4% | +4.8% | +5.5% |
| EBITDA CAGR (3Y) | +4.9% | +2.4% | +31.7% | +37.3% | +22.6% | +0.6% | +1.3% |
| Profitability & leverage | |||||||
| Net income margin | +3.9% | +4.7% | +5.1% | +4.8% | +5.8% | +2.8% | +1.5% |
| Return on capital employed | +16.1% | +16.9% | +18.7% | +20.9% | +22.2% | +8.5% | +7.1% |
| Return on net worth | +12.7% | +15.1% | +18.5% | +19.6% | +25.8% | +7.3% | +3.7% |
| Debt / equity | 0.52 | 0.67 | 0.71 | 0.72 | 1.07 | 1.44 | 1.56 |
| Long-term debt / equity | 0.18 | 0.24 | 0.23 | 0.22 | 0.41 | 0.61 | 0.71 |
| Interest cover | 32.23 | 30.39 | 27.36 | 23.05 | 22.72 | 63.85 | 89.33 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.90 | 1.82 | 1.97 | 1.94 | 1.82 | 0.94 | 0.86 |
| Inventory turnover | 6.11 | 6.15 | 6.09 | 5.85 | 6.23 | 4.24 | 4.68 |
| Debtors turnover | 9.46 | 9.56 | 11.05 | 10.90 | 10.96 | 7.49 | 7.74 |
| EPS (₹) | 12.86 | 13.38 | 14.01 | 12.38 | 65.81 | 31.55 | 15.04 |
| Dividend per share (₹) | 1.50 | 1.25 | 1.00 | 1.00 | 3.75 | 2.00 | 0.00 |
| Book value per share (₹) | 107.01 | 95.01 | 82.39 | 69.13 | 287.98 | 446.20 | 413.82 |
To see the full year-wise statements and ratios of Steel Strips Wheels Ltd, buy the company report.
Board of directors of Steel Strips Wheels Ltd
Steel Strips Wheels has 10 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Bansal | Director | 09 Nov 2020 | 5 Years 11 Months | Current |
| Rajinder Kumar Garg | Director | 28 Feb 1985 | 41 Years 7 Months | Current |
| Manohar Lal Jain Also directs: Malwa Chemtex Udyog Ltd, Indlon Chemicals Limited, Steel Strips Industries Limited and 5 more | Whole-Time Director | 01 Aug 2013 | 13 Years 2 Months | Current |
| Dheeraj Garg Also directs: Indian Acrylics Limited | Managing Director | 29 Apr 1993 | 33 Years 5 Months | Current |
| Ajit Singh Chatha Also directs: Milkhi Real Estate LLP, Panchkula Infratech LLP, Triveni Projects and Resorts Private Limited and 1 more | Director | 01 Oct 2019 | 7 Years 0 Months | Current |
| Virander Kumar Arya | Director | 27 May 2019 | 7 Years 4 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Steel Strips Wheels Ltd is compared with the 5 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Steel Strips Wheels Ltdthis company | ₹5,182.8 Cr (FY 2026) | ₹188.34 Cr | 3.6% | 17.0% | 2,798 | Punjab, India |
| Rashmi Metallurgical Industry Private Limited | ₹4,631.67 Cr (FY 2025) | 80.0% | Kolkata, West Bengal, India | |||
| Mahindra Accelo Limited | ₹4,564.94 Cr (FY 2024) | 9.0% | Mumbai, Maharashtra, India | |||
| Hyundai Steel India Private Limited | ₹4,393.65 Cr (FY 2025) | -14.0% | Kancheepuram, Tamil Nadu, India | |||
| Tata Bluescope Steel Private Limited | ₹4,268.87 Cr (FY 2025) | 0.0% | Pune, Maharashtra, India | |||
| TT Steel Service India Private Limited | ₹4,163.55 Cr (FY 2025) | -4.0% | Ramanagara, Karnataka, India |
To see the full peer comparison of Steel Strips Wheels Ltd, buy the company report.
Auditor
Steel Strips Wheels Ltd is audited by AKR & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKR & Associates | FY 2024 | 021179N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 61.10%, foreign institutional investors hold 8.60%, domestic institutional investors hold 3.20% and retail and other public shareholders hold 27.10%.
Sep 2026
QUARTER
61.10% Promoters
3.20% DII (Domestic Institutional)
8.60% FII (Foreign Institutional)
27.10% Retail & Others
Promoter holding - history
Now 61.10% · Sep 2026High 61.10% · Dec 2025Low 61.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 61.10% | 61.10% | 61.10% | 61.10% |
| Public | 38.90% | 38.90% | 38.90% | 38.90% |
Charges & borrowings
Open charges
₹2,407.52 Cr
Satisfied charges
₹4,161.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2026 | 101317730 | Others | ₹35 Cr | Open | |
| 12 May 2026 | 101301348 | Others | ₹100 Cr | Open | |
| 16 Feb 2026 | 101239044 | Others | ₹105 Cr | Open | |
| 16 Feb 2026 | 101239051 | Others | ₹250 Cr | Open | |
| 05 Feb 2026 | 101238302 | Others | ₹50 Cr | Open |
To see the full charge records of Steel Strips Wheels Ltd, buy the company report.
Total charge records: 117 View all charges
Deals & funding
Steel Strips Wheels Ltd has 36 deals on record (27 market trades, 4 acquisitions, 3 funding rounds), with disclosed funding of ₹33.04 Cr; the latest was in July 2026.
Total deals
36
Market trades
27
Acquisitions
4
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹33.04 Cr
Deals on record (5 of 36)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹22.97 Cr | Buyer: Microcurves Trading Private Limited Seller: Microcurves Trading Private Limited |
| Nov 2017 | Market trade | ₹10.55 Cr | Buyer: DHG Marketing Private Limited Seller: Gs Global Corporation |
| Dec 2011 | Market trade | ₹5.02 Cr | Buyer: Crosseas Capital Markets Private Limited Seller: Crosseas Capital Markets Private Limited |
| Dec 2011 | Market trade | ₹2.51 Cr | Buyer: Crosseas Capital Markets Private Limited Seller: Crosseas Capital Markets Private Limited |
| Oct 2010 | Market trade | ₹2.44 Cr | Seller: Tata Capital Limited |
To see the full deal history of Steel Strips Wheels Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Steel Strips Wheels Ltd has 176 court cases on record: 90 filed by Steel Strips Wheels, 87 filed against it. 33 cases are pending and 143 are disposed.
Total cases
176
Filed by the company
90
Filed against the company
87
Pending
33
Disposed
143
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 84 | 43 | 8 |
| High courts | 79 | 38 | 23 |
| Supreme Court | 8 | 2 | 2 |
| NCLT | 4 | 4 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 176)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Appeal | Filed by the company against Klassic Wheels Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Kalyani Maxion Wheels Pvt. Ltd. and 1 other | Pending |
| District court, Chandigarh | Court case (CS CJ) | Filed by the company against Bhagwati Techno Fab Pvt Ltd and 3 others | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by M/S Movemax Systems Logistics Pvt Ltd | Disposed |
| High Court, HARYANA | Writ petition | Filed against the company by The Md,Steel Strips Wheels Ltd and 14 others | Disposed |
To see the full case history of Steel Strips Wheels Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Steel Strips Wheels Ltd was last rated by Indiarating on 18 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 18 Jul 2022 |
To see the full credit ratings and regulatory alerts of Steel Strips Wheels Ltd, buy the company report.
MSME payment delays
Steel Strips Wheels Ltd has 16 MSME Form 1 returns on record between 2016 and 2023, listing 4,165 overdue payments to 324 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 324)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Multitech | |||
| Hariom Instru-Labs | |||
| an individual supplier |
To see the full MSME payment records of Steel Strips Wheels Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Steel Strips Wheels has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Amw Autocomponent Limited | U35923GJ2009PLC057269 |
To see the full group structure of Steel Strips Wheels Ltd, buy the company report.
Employees & EPFO
Steel Strips Wheels Ltd has a workforce of 2,798 employees on its EPFO records as of Oct 09, 2025, across 5 active EPFO establishments.
Employee count
2,798
Active EPFO establishments
5
Employee growth
16.29%
GST
Steel Strips Wheels has 19 GST registrations: 15 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
15
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCS3003L1ZS | Punjab | Active | 01 Jul 2017 |
| 20AACCS3003L1ZW | Jharkhand | Active | 01 Jul 2017 |
| 24AACCS3003L1ZO | Gujarat | Active | 01 Jul 2017 |
| 33AACCS3003L1ZP | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Steel Strips Wheels Ltd, buy the company report.
Recent activity
Steel Strips Wheels Ltd has 46 board changes on record since 1985: 29 appointments and 17 cessations. The latest: Shaman Jindal ceased to be Company Secretary on 29 Oct 2024.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101317730 was registered on 08 Jun 2026.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101301348 was registered on 12 May 2026.
Filing
Steel Strips Wheels Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
Charges
A charge registered on 27 Mar 2019 via Charge ID 100255898 with Hdfc Bank Limited was fully satisfied on 25 Feb 2026.
Charges
A charge with Others amounted to Rs. 105.00 Cr with Charge ID 101239044 was registered on 16 Feb 2026.
Charges
A charge with Others amounted to Rs. 250.00 Cr with Charge ID 101239051 was registered on 16 Feb 2026.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101238302 was registered on 05 Feb 2026.
Charges
A charge registered on 15 Sep 2023 via Charge ID 100786281 with Others was fully satisfied on 20 Jan 2026.
Charges
A charge with Idbi Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101191540 was registered on 27 Nov 2025.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101170618 was registered on 17 Oct 2025.
AGM
Steel Strips Wheels Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.95 Cr with Charge ID 101156822 was registered on 29 Aug 2025.
320 earlier events are in the company report.
News
SSWL: Co's Monthly Net Turnover Rose 52.41% (YoY) To Rs. 625.81 Cr From Rs. 410.60 Cr In September 2025
Steel Strips Wheels: Sees Steady Orders From Domestic OEMs And Early Festive Demand Helps Maintain Stability For Next Quarter
Steel Strips Wheels: Sees Global Demand Rise Due To Increased International Purchases Of Steel And Aluminum Wheels.
Frequently asked questions
Steel Strips Wheels is an active public limited company based in Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 28 February 1985 (41+ years old) and is registered under CIN L27107PB1985PLC006159. Listed on BSE: 513262 and NSE: SSWL.
Steel Strips Wheels reported revenue of ₹5,182.8 Cr for FY 2025-26 (up 17% YoY) based on consolidated financials.
Steel Strips Wheels has 10 current directors:
- Dheeraj Garg - Managing Director
- Manohar Lal Jain - Whole-Time Director
- Siddharth Bansal - Director
- Rajinder Kumar Garg - Director
- Ajit Singh Chatha - Director
- Virander Kumar Arya - Director
- Shashi Bhushan Gupta - Director
- Deva Bharathi Reddy - Director
- Sanjay Garg - Director
- Sukhvinder Khanna - Director
The latest financial statements of Steel Strips Wheels on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Steel Strips Wheels is 03AACCS3003L1ZS, registered in Punjab. The company has 19 GST registrations in all, of which 15 are active and 4 are cancelled or inactive. Other active GSTINs include 20AACCS3003L1ZW (Jharkhand), 24AACCS3003L1ZO (Gujarat), 33AACCS3003L1ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Steel Strips Wheels is L27107PB1985PLC006159. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Steel Strips Wheels is a listed company as per MCA records. Its shares are listed on both BSE (code: 513262) and NSE (symbol: SSWL).
Steel Strips Wheels has 176 court cases on record: 90 filed by the company and 87 filed against it. 33 are pending. Most are in the district courts.
Steel Strips Wheels was incorporated on 28 February 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chandigarh.
Steel Strips Wheels has 36 deals on record (27 market trades, 4 acquisitions, 3 funding rounds), with disclosed funding of ₹33.04 Cr; the latest was in July 2026.
The peers of Steel Strips Wheels by revenue are Rashmi Metallurgical Industry Private Limited, Mahindra Accelo Limited, Hyundai Steel India Private Limited, Tata Bluescope Steel Private Limited, TT Steel Service India Private Limited, all in the Automobiles industry (Auto Ancillary, Steel), with the same principal business activity (metal and metal products).
Shaman Jindal ceased to be Company Secretary on 29 Oct 2024. Sukhvinder Khanna was appointed as Director on 01 Oct 2024. Surinder Singh Virdi ceased to be Director on 01 Oct 2024. Steel Strips Wheels has 46 board changes on record in total.