# Steel Strips Wheels share price today (Steel Strips Wheels Ltd, NSE: SSWL)

> Steel Strips Wheels share price today: ₹512.55 at the NSE close on 3 November 2026, up 130.3% in a year. Steel Strips Wheels (NSE: SSWL) is worth ₹8,055 crore, trades at a P/E of 27.4 and has closed between ₹178.97 and ₹512.55 over the past 52 weeks. > Steel Strips Wheels Ltd's share price has risen faster than its earnings: +130.3% in a year, against −2.7% for earnings per share. SSWL · Auto Ancillaries - Wheels · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/steel-strips-wheels-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹512.55 (+130.3% in a year)
- P/E: 27.4× (higher than 96% of the last 3.4 years)
- Revenue (Sep 2026): ₹1,930 Cr (+60.7% on a year ago)
- Profit (Sep 2026): ₹117 Cr (+225.0% on a year ago)
- Operating margin: 12.0% (+3.0 points on a year ago)
- ROCE: 15%, FY26
- ROIC: 14.4%, against a 12.0% cost of capital: +2.4 points

The main question: the share price moved +130.3% in a year while yearly earnings per share moved −2.7%. The difference came from the market paying a higher multiple. ## What is the Steel Strips Wheels share price today? Steel Strips Wheels Ltd's share price was ₹512.55 at the close on 3 November 2026. It has been rising for 21 weeks. That is 72.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹179 and ₹513, and at that close it was at the high of that range. 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 +1,455% 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. ## What changed at Steel Strips Wheels this quarter? 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. ## What are Steel Strips Wheels' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,930 crore | ₹1,201 crore | +60.7% |
| Profit | ₹117 crore | ₹36.0 crore | +225.0% |
| Earnings per share | ₹7.44 | ₹2.26 | +229.2% |
| Operating margin | 12.0% | 9.0% | +3.0 points |

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.)

## What is the Steel Strips Wheels share price history? Steel Strips Wheels closed at ₹512.55 on 3 November 2026, up 130.3% from ₹222.55 a year earlier (31 October 2025) and up 189.7% over five years. Its highest weekly close since March 2016 was ₹512.55 on 3 November 2026. ### Steel Strips Wheels share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹468.75 | +9.3% |
| 1 month ago · 1 Oct 2026 | ₹390.80 | +31.2% |
| 6 months ago · 30 Apr 2026 | ₹212.71 | +141.0% |
| 1 year ago · 31 Oct 2025 | ₹222.55 | +130.3% |
| 3 years ago · 3 Nov 2023 | ₹273.45 | +87.4% |
| 5 years ago · 4 Nov 2021 | ₹176.92 | +189.7% |
| 10 years ago · 4 Nov 2016 | ₹62.20 | +724.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹32.96 | +1,455.1% |
| Highest weekly close since March 2016, also the 52-week high · 3 Nov 2026 | ₹512.55 | 0.0% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹32.75 | +1,465.0% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹178.97 | +186.4% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Steel Strips Wheels? 3 Nov 2026: Steel Strips Wheels closed at ₹512.55, up 9.3% on the week and up 31.2% 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. ## What dividend does Steel Strips Wheels pay? Steel Strips Wheels paid ₹3 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 0.59% at the ₹512.55 close on 3 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

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 30 Oct 2026 | ₹1.50 | Interim |
| 23 Sep 2026 | ₹1.50 | Dividend |
| 23 Sep 2025 | ₹1.25 | Dividend |
| 23 Sep 2024 | ₹1 | Dividend |
| 14 Aug 2023 | ₹1 | Dividend |
| 22 Sep 2022 | ₹3.75 | Dividend |
| 22 Sep 2021 | ₹2 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Steel Strips Wheels management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/1593/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 26 October 2026.)

## What to watch in Steel Strips Wheels' next results? 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. - What to check (from the call)
- Bhuj start-up: verify knuckle commercial production and alloy-wheel launch against the stated schedule. - Exports: check progress against the elevated FY27 outlook and whether trade-deal timing changes expectations. - Sambhajinagar: track regulatory clearances, customer commitments and the debt, accrual and partner funding mix. - CV and tractor demand: test whether OEM urgency persists and supports the per-wheel profitability outlook. ## Which stock lists is Steel Strips Wheels on? Steel Strips Wheels is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 7657.637698774435](https://www.sectoralpha.in/momentum-stocks-india)

## Is Steel Strips Wheels profitable? 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. 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. ## How much revenue does Steel Strips Wheels make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Steel Strips Wheels keep? 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. 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. ## Is Steel Strips Wheels' profit turning into cash? 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. 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. ## Where does Steel Strips Wheels' cash go? 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. 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. ## What is Steel Strips Wheels' P/E ratio, and how does it compare with its own history? Steel Strips Wheels Ltd's P/E is 27.4×, near the high end of its own history: higher than 96% of past readings. 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. Why the multiple is where it is: over the past year earnings per share moved −2.7% while the price moved +130.3%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +23.3% a year; about +15.2% a year came from earnings growth and about +8.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Steel Strips Wheels business getting better or worse? Steel Strips Wheels Ltd's business is getting better. Profit growth hit its low 5 quarters ago at −70.9% and has recovered to +53.1%, with ROCE rising at 23.6%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Steel Strips Wheels earn on its capital? Steel Strips Wheels Ltd earned a ROCE of 15% in FY26. Its return on capital used (ROIC) is 2.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 3.7% net margin and 1.35× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.7% net margin × 1.35× asset turnover × 2.12× leverage (assets divided by equity) ≈ 10.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 14.4% − 12.0% = +2.4 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 14.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 11.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Steel Strips Wheels have too much debt? Steel Strips Wheels Ltd has total debt of ₹914 Cr against shareholder equity of ₹1,985 Cr as of Sep 2026, so its debt is 0.46× its equity. Year by year, that ratio went from 0.82 in FY22 to 0.46 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Steel Strips Wheels shareholding pattern? Domestic institutions cut their stake in Steel Strips Wheels Ltd by 3.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 1.4% of the company. Foreign institutions moved +1.8 points over the same period, to 8.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −3.4 points over 8 quarters, to 1.4%; Foreign institutions: +1.8 points over 8 quarters, to 8.4%; Promoters: +0.2 points over 8 quarters, to 61.2%. Why the owners changed: foreign institutions moved +1.8 points and domestic institutions −3.4 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Steel Strips Wheels from balance-sheet trouble? For Steel Strips Wheels Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Steel Strips Wheels rank in its industry? 69.3 out of 100, rank 1 of 3 in Auto Ancillaries - Wheels, with 97% of the evidence available. Steel Strips Wheels Ltd scores 69.3 out of 100 against the 3 companies it is compared with in Auto Ancillaries - Wheels, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 35 + 14.7 + 2 + 17.6 = 69.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Steel Strips Wheels compared with? Steel Strips Wheels ranks 1 of 3 Auto Ancillaries - Wheels companies on the 4-Factor Sector Score, with 69.3 out of 100. 1. Steel Strips Wheels Ltd this page SSWL · leader · Most evidence points up · 97% evidence 69.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 35.0/35 · Revenue 32.8% · Profit 53.1% · Operating margin change 3 points · 100% evidence Capital efficiency 14.7/25 · ROCE 14.8% · Operating margin 12% · 100% evidence Valuation 2.0/20 · P/E 26.4× · PEG 5.47 · 85% evidence Relative strength 17.6/20 · Lead over its industry 18.4% · Lead over NIFTY 500 103% · 1 year 121.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 35 + 14.7 + 2 + 17.6 = 69.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Wheels India Ltd](https://www.sectoralpha.in/stocks/wheels-india-ltd) WHEELS · breaking out · Evidence leans up · 79% evidence 58.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 24.4% · Profit 53.5% · Operating margin change 0 points · 95% evidence Capital efficiency 16.1/25 · ROCE 18.8% · Operating margin 7% · 76% evidence Valuation 8.0/20 · P/E 28.5× · PEG n/a · 35% evidence Relative strength 5.1/20 · Lead over its industry -4.8% · Lead over NIFTY 500 60.6% · 1 year 125.8% · 100% evidence · 9 of 12 weeks ahead Exact sum: 28.9 + 16.1 + 8 + 5.1 = 58.1 · What this means: Earnings are strong; relative strength in its sector is -4.8% and the one-year return is 125.8%. 3. Enkei Wheels India Ltd Too little evidence to rank firmly · 45% evidence 50.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.5/43.75 · Revenue 22.6% · Profit 100% · Operating margin change 4 points · 62% evidence Capital efficiency 5.4/31.25 · ROCE 7.7% · Operating margin 11% · 95% evidence Valuation 12.5/25 · P/E 27.9× · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 32.5 + 5.4 + 12.5 = 50.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - Wheels](https://www.sectoralpha.in/sectors/auto-ancillaries-wheels), all 3 compared on one page. ## Which companies are close to Steel Strips Wheels in size? Steel Strips Wheels is the largest of 3 Auto Ancillaries - Wheels companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Wheels India and Enkei Wheels India. ### Auto Ancillaries - Wheels companies close in size

1. Steel Strips Wheels Ltd ₹7,763 crore
2. [Wheels India Ltd](https://www.sectoralpha.in/stocks/wheels-india-ltd) ₹5,473 crore
3. [Enkei Wheels India Ltd](https://www.sectoralpha.in/stocks/enkei-wheels-india-ltd) ₹710 crore

[All 3 Auto Ancillaries - Wheels companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-wheels#all-companies)

### Companies close in size in other industries

1. [Olectra Greentech Ltd](https://www.sectoralpha.in/stocks/olectra-greentech-ltd) ₹7,807 crore · Auto - Bus/LCVs
2. [Jupiter Wagons Ltd](https://www.sectoralpha.in/stocks/jupiter-wagons-ltd) ₹7,769 crore · Railways
3. Steel Strips Wheels Ltd ₹7,763 crore
4. [Gujarat Pipavav Port Ltd](https://www.sectoralpha.in/stocks/gujarat-pipavav-port-ltd) ₹7,691 crore · Marine Port & Services
5. [Raghav Productivity Enhancers Ltd](https://www.sectoralpha.in/stocks/raghav-productivity-enhancers-ltd) ₹7,648 crore · Refractories

## What else do people ask about Steel Strips Wheels? ### What is Steel Strips Wheels's share price today? Steel Strips Wheels Ltd's share price is ₹512.55, +130.3% over the past year. The whole company is worth ₹8,055 Cr on the market. It is at its highest price of the past 52 weeks (range ₹179 to ₹513), 72.9% above its 200-day average. The price has been rising for 21 weeks (as of 3 November 2026). ### What were Steel Strips Wheels's latest quarterly results? Steel Strips Wheels Ltd reported revenue of ₹1,930 Cr and net profit of ₹117 Cr for the Sep 2026 quarter. Revenue rose 60.7% and profit rose 225.0% compared with a year earlier. Earnings per share were ₹7.44. The operating margin was 12.0%, 3.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Steel Strips Wheels's market cap? Steel Strips Wheels Ltd's market capitalisation is ₹8,055 Cr at a share price of ₹512.55. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Steel Strips Wheels performing? Steel Strips Wheels Ltd's share price has been rising for 21 weeks. In its latest quarter, revenue rose 60.7% and profit rose 225.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 30 weeks running (as of 3 November 2026). ### Will Steel Strips Wheels's share price go up? This page does not forecast Steel Strips Wheels Ltd's share price. What it shows instead: the share price is ₹512.55, and it has been rising for 21 weeks. Its P/E of 27.4× is higher than 96% of its own last 3 years (as of 3 November 2026). ### Who owns Steel Strips Wheels? Promoters own 61.2% of Steel Strips Wheels Ltd, foreign institutions 8.4%, domestic institutions 1.4% and the public 29.0% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 3.4 percentage points over 8 quarters (as of 3 November 2026). ### Does Steel Strips Wheels have too much debt? Steel Strips Wheels Ltd has a moderate amount of debt: its debt is 0.46× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹828 Cr against equity of ₹1,805 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Steel Strips Wheels in its business cycle? Steel Strips Wheels Ltd's FY26 operating margin was 10.0%, against a 5-year range of 10.0% to 13.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 12.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Steel Strips Wheels story? The main question: the share price moved +130.3% in a year while yearly earnings per share moved −2.7%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Steel Strips Wheels a stock worth studying right now? What the numbers show: Steel Strips Wheels Ltd's share price has risen faster than its earnings: +130.3% in a year, against −2.7% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Steel Strips Wheels share price forecast for 2026? What management itself guided: FY27 revenue growth above 20% and operating profit per wheel above ₹310; H1 exceeded both. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.