Paris Soir - Steel Strips Wheels gains 36% in two sessions on growth outlook

NYSE - LSE

RBGPF	0%	72.77	$
RIO	0.36%	83.72	$
RYCEF	7.35%	16.47	$
CMSC	0.01%	19.601	$
RELX	-0.9%	40.18	$
NGG	-0.11%	81.77	$
GSK	0.68%	51.1	$
BTI	1.03%	60.1	$
AZN	0.33%	172.06	$
BP	-1.56%	50.53	$
BCC	-3.05%	75.44	$
VOD	-0.25%	15.7	$
BCE	-0.74%	20.25	$
JRI	0.92%	10.85	$
CMSD	-0.82%	19.62	$

Steel Strips Wheels gains 36% in two sessions on growth outlook

ECONOMY 27.10.2026

Steel Strips Wheels gains 36% in two sessions on growth outlook

Steel Strips Wheels share price movement

Text size:

Steel Strips Wheels share price movement

Share price of Steel Strips Wheels (SSWL) hit a new high of ₹533, rallying 13.5% on the BSE in Monday’s intraday deals against a backdrop of heavy volume. In the past two trading days, the stock price of the auto parts & equipment company zoomed 36% after it reported strong earnings for the quarter ended September 2026 (Q2FY27).

Thus far in the calendar year 2026, SSWL's market price zoomed 175%, compared to a 14% decline in the BSE Sensex.

At 01:51 PM, SSWL quoted 13% higher at ₹531, as compared to a 0.27% rise in the benchmark index. The average trading volume at the counter jumped over 10-fold, with a combined 24.33 million shares representing 15.5% of total equity of SSWL changing hands on the NSE and BSE.

What’s driving SSWL’s stock price?

SSWL reported strong performance in Q2FY27 with a standalone revenue growth of 61% year-on-year (YoY) at ₹1,930 crore. Earnings before interest, tax, depreciation and amortization (EBIDTA) over doubled YoY at ₹235 crore, with EBITDA margin improvement of 150 bps quarter-on-quarter at 12.2%. Profit after tax jumped 208% YoY at ₹119 crore.

SSWL is the leader in designing & manufacturing automotive wheel rims under both steel & alloy categories. It sells its products across the globe, and the company’s products cater to various customers engaged in manufacturing automotive and auto components.

The company further announced a ₹1,400 crore investment at Chhatrapati Sambhajinagar, comprising ₹815 crore for alloy wheels (2.5 million units p.a.), ₹410 crore for steel wheels (1.6 million units p.a.) and ₹175 crore for hot stamping (1.3 million strokes p.a.). The project is planned over a period of up to 60 months and will be funded through debt and internal accruals.

ICICI Securities view on SSWL

For Q2FY27, growth was above expectations. During the quarter, a key operational observation is the positive variance between value growth and volume growth which demonstrates a systematic transition toward high realization products. Along with this the quarter saw a 69% export revenue growth. This resulted in higher EBITDA per wheel reaching ~₹400/unit. Overall steel wheels and alloy wheels production also saw an increase in capacity utilizationl, according to ICICI Securities.

Overall, the brokerage firm has a positive view on SSWL due to its powertrain agnostic product profile (no EV risk), healthy volume growth visibility, increasing share of exports & alloy wheel in the overall sales mix, and the consequent rise in margins & return ratios. However, ICICI Securities said it awaits management commentary on export sales ramp-up and margin stabilization.

Featured

Pakistan's last antique restorers give old treasures new life

Sitting outside his small shop in a warren of alleyways in the ancient Pakistani city of Rawalpindi, Ahsan Shakeel buffed an antique brass pot to a high shine, pressing it against a mechanised wheel.

Reparations calls to dog King Charles's tough Caribbean trip

King Charles III begins a delicate tour of the Caribbean Tuesday, overshadowed by calls to apologise and pay reparations for the slave trade, which he has called the "darkest days" of British history.

Global rates and foreign outflows remain key risks for Indian markets

High global interest rates, elevated oil prices and capital outflows driven partly by investments in artificial intelligence (AI) are likely to continue weighing on Indian financial markets, according to experts speaking at the Business Standard BFSI Insight Summit 2026.

Neha Nagar says ₹3 crore can fund retirement with disciplined planning

The first step is in financial planning is to understand where one stands financially and where one wants to be, said Neha Nagar, content creator and financial educator said in conversation with Puneet Wadhwa at the Business Standard BFSI Insight Summit 2026's Smart Investor Arena. The younger cohort, she said, should not rush into investing before they have focused on their personal development.