Steel Strips Wheels share price today

Steel Strips Wheels Ltd's share price was ₹531.35 at the close on 5 November 2026. It has been rising for 21 weeks. That is 74.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹179 and ₹531, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Steel Strips Wheels Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 30 weeks in a row.

Over the last 11 years the share price moved +1,512% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 15 quarters, revenue up on a year earlier for 7 quarters in a row and highest quarterly revenue in 16 quarters.

1. Best operating margin in 15 quarters

   Operating margin was 12% in the September 2026 quarter, against 9% a year earlier.

   Why: Margins rose because the company sold a richer mix of alloy wheels, exports did better, and it cut factory costs. Customer price changes for costs other than raw material also helped.

   Next results: check whether CV and tractor demand stays strong enough to support profit per wheel.

   From the earnings call on 26 Oct 2026.

2. Revenue up on a year earlier for 7 quarters in a row

   In the September 2026 quarter revenue was ₹1,930 crore, +60.7% on a year earlier.

   Why: Revenue rose because premium vehicles used more alloy wheels and CV demand led growth.

   Next results: check whether exports keep growing and whether the US India trade deal timing changes expectations.

   From the earnings call on 26 Oct 2026.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹1,930 crore in the September 2026 quarter is the highest of the last 16 quarters.

For July to September 2026 (the quarter ended 30 September 2026), Steel Strips Wheels reported revenue of ₹1,930 crore, up 60.7% from ₹1,201 crore a year earlier, and a profit of ₹117 crore, up 225.0% from ₹36.0 crore.

Steel Strips Wheels results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Steel Strips Wheels' management discussed these results on a call held on 26 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Steel Strips Wheels closed at ₹531.35 on 5 November 2026, up 142.8% from ₹218.80 a year earlier (7 November 2025) and up 200.3% over five years. Its highest weekly close since March 2016 was ₹531.35 on 5 November 2026.

Steel Strips Wheels share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 5 November 2026.

5 Nov 2026: Steel Strips Wheels closed at ₹531.35, up 7.6% on the week and up 30.6% on the month. 30 Oct 2026: ex-date for an interim dividend of ₹1.50 a share.

Earlier

• 26 Oct 2026: Steel Strips Wheels held its results call for July to September 2026. Management guided: FY27 revenue growth above 20% and operating profit per wheel above ₹310; H1 exceeded both.
• Results for July to September 2026: Revenue up 60.7% and profit up 225.0% on a year earlier.
• 23 Sep 2026: ex-date for a dividend of ₹1.50 a share.

Steel Strips Wheels paid ₹3 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.56% at the ₹531.35 close on 5 November 2026. The last was an interim dividend of ₹1.50 a share, ex-date 30 October 2026.

Steel Strips Wheels dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Steel Strips Wheels Ltd paid out 12% of its profit as dividends in FY26, and it paid a dividend in each of its last 5 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 26 October 2026, Steel Strips Wheels' management guided: FY27 revenue growth above 20% and operating profit per wheel above ₹310; H1 exceeded both.

“What you will see in Sambhajinagar will, at an operational level, be at least 25% more productive than what we are currently doing.”Dheeraj Garg, on the call for July to September 2026

What management guided

• FY27 tractor volume growth expected to exceed 15%.
• FY27 exports ₹700-750 crore depending on US-India trade-deal timing; three-year exports at least ₹1,500 crore, possibly ₹2,000 crore; European OEM steel-wheel exports begin January to March 2027 and accelerate next year.
• Mehsana alloy output raised about 10% in October toward 5.4 million annualized; Bhuj adds 1.2 million alloy and 1.1 million knuckle capacity, with knuckles starting January to March 2027, alloy wheels in early April 2027 and new capacity aiming for above 80% FY28 utilization.
• FY27 capital spending above ₹600 crore: Bhuj ₹420 crore, Dappar ₹120 crore for nearly half a million tractor sets, and about ₹70 crore for machinery replacement and automation.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 26 October 2026.

When Steel Strips Wheels reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Bhuj start-up: verify knuckle commercial production and alloy-wheel launch against the stated schedule.

Steel Strips Wheels is on one of our India lists: Momentum stocks.

Steel Strips Wheels Ltd earned ₹117 Cr of net profit in the Sep 2026 quarter, +225.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹190 Cr. Over 4 years profit has grown −1.9% a year on average. That is 6.1% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹36.0 Cr.

For the full year, FY26 profit was ₹190 Cr (−2.6% on the year before).

Why profit moved: revenue changed +60.7% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +67.4% and revenue +32.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Steel Strips Wheels Ltd reported ₹1,930 Cr of revenue in the Sep 2026 quarter, +60.7% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 4 years it has grown 9.8% a year on average. The last full year, FY26, came in at ₹5,183 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹6,236 Cr.

FY26 revenue was ₹5,183 Cr, +17.0% on the year before.

Recent pace: the last four quarters grew +32.6% on average, against 9.8% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +32.8%, against +20.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +53.1%, against −33.4% a year (accelerating).

Steel Strips Wheels Ltd's operating margin was 12.0% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 5 years it has been between 10.0% and 13.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.9 percentage points on the year while gross margin changed −2.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 98% of Steel Strips Wheels Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹332 Cr of operating cash against ₹190 Cr of profit. After ₹191 Cr of spending on assets, ₹141 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 98% of profit came in as cash: the cash cycle stayed about the same between FY22 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 2.7× depreciation over three years. The next section checks what that spending is building.

Steel Strips Wheels Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 38 days in FY26, down from 38 days in FY22. It spent ₹964 Cr on assets over the last 3 years. Customers take 43 days to pay, and stock sits for 102 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,183 Cr, each day of that cycle ties up about ₹14.2 Cr, so roughly ₹540 Cr is tied up in the business at any time.

FY26: customers took 43 days to pay and stock sat for 102 days, about 3.4 months of sales sitting as stock, for a full cycle of 38 days, shorter than FY22's 38.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 102 days. Customers pay about 43 days after that. Suppliers are paid at 108 days. Together that makes the 38-day cycle.

Spending on assets: ₹964 Cr over the last 3 years, against ₹351 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹154 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Steel Strips Wheels Ltd's P/E is 28.5×, about the highest it has ever been. Its usual P/E (the middle reading) is 17.3×, over 3.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.