Steel Strips Wheels Ltd · NSE:SSWL
Steel Strips Wheels — Investor Presentation (May 2025)
35 slides from Steel Strips Wheels's investor presentation, May 2025
Slide 1: Investor Presentation May 2025
STEEL STRIPS WHEELS LIMITED Delivering Value; Seeking Excellence Investor Presentation May 2025
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Steel Strips Wheels Limited (the “Company”), have bee n prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Company Overview
ee Strips Wheels Limited Company Overview
Slide 4: Company Overview
Company Overview SSWL is a leader in designing & manufacturing Automotive wheels – both Steel & Alloy Wheels category SSWL aspires to be the Preferred Global Brand of Wheel Solution provider committed to excellence Wheel Plants Strategic Partnerships - 5 Operations Founded Excellence Operational Div
Slide 5: Milestones Achieved in FY25
Milestones Achieved in FY25 1 2 3 Highest Ever Yearly Highest Ever Yearly Highest Ever Net Revenues EBITDA Total Sales Volume (units) ₹ Rs. 4,429 crores Rs. 500 crores 191.27 Lakhs 4 5 6 Highest Ever Highest Ever Alloy Wheel Volume Knuckles Production started in Mehsana Plant with initial Tractor Wh
Slide 6: Our Journey
Our Journey Commencement of First Steel Wheels Commercial Production at Dappar Plant, Punjab 1991 Start of 2W & Tractor Wheels Production 2002 Start of LCV Wheels Commercial Production 2006 Start of Commercial Production for Exports Market by supplies of PV to PSA 2007 Peugeot Citroen, France & HCV
Slide 7: Strategic Partnerships
Strategic Partnerships • Tata Steel Limited (through its then wholly -owned subsidiary Company namely Kalimati Investment Company Ltd, which has now merged with Tata Steel Ltd) had TATA Steel Limited, India entered into a Strategic Alliance Agreement in January 2008 with SSWL • Through this relation
Slide 8: Our Products
Our Products I n c l . E xp o r t s Steel Wheels – Rs. 2,992.4 crores (~68%) (FY25 Revenues) Competitive Pricing Suitability Quick Maintenance Robust Wheel More flexible, absorbs Competitively priced; Requires nothing more Steel Wheels are robust, more shock, thus suitable have higher acceptance in
Slide 9: Product Capacities & Utilization
Product Capacities & Utilization 77% 72% 78% 77% 65% • Phased addition of 65 lakh steel wheel capacity STEEL WHEELS by FY26 • In January 2024, the resolution plan for 270 acquiring AMW 205 205 205 205 Components Limited was 186 successfully implemented through a total payment of ~₹138.15 crores. Thi
Slide 10: State-of-the-Art Facilities
State-of-the-Art Facilities Wheel Capac ity (Mn) Catering to PV, MUV, Dappar, Punjab 10.8 Tractor & OTR Corporate Office, Chandigarh Dappar, Punjab 6+1.5 Chennai, Tamil Nadu PV & CV 7.5 Bhuj, Gujarat* Jamshedpur, Jharkhand 2.2 HCV / LCV Jamshedpur, Jharkhand Mehsana, Gujarat Saraikela, Jharkhand HCV
Slide 11: Clientele
Clientele 11 T h e B r a n d Na m e s a n d L o g o s m e n t i o n e d a r e t h e p r o p e r t y o f t h e i r r e s p e c t i v e o w n e r s a n d a r e u s e d h e r e f o r i d e n t i f i c a t i o n p u r p o s e s o n l y .
Slide 12: Steel Wheels
Steel Wheels Domestic Market Share Key Customers Key Platforms Share of Business Maruti Suzuki Ciaz, Baleno, Scross, Brezza, Celerio 36% S t e e l W h e e l S a l e s Vo l u m e 37% Hyundai Mahindra Honda MG Motors Venue, Grandi10, Verna Scorpio, TUV, XUV, Scorpio N Elevate, Amaze, City Hector,Comet
Slide 13: Scaling up Capacity for Aluminium Knuckles
Aluminium Knuckles Scaling up Capacity for Aluminium Knuckles Knuckles Capacity 10.0 5.0 2.5 FY25 Q2 FY26E FY26E Currently, we are working with 2 leading IIn FY25 we sold ~47k Knuckles which OEM’s and as we keep increasing our generated revenue of Rs. 11.43 Crores capacity we would increase our cust
Slide 14: Export Profile
Export Profile Exports Revenue (Rs. Crs) +22% FY24 -12% FY25 157 634 Russia 561 UK Germany 129 Poland Canada Netherlands Slovakia USA France Romania Japan Austria Hungary Spain S Korea Italy Morocco Egypt U.A.E. Q4 FY25 FY25 Thailand Region Wise Export Revenue Contribution % Colombia 74% 71% Brazil
Slide 15: Growth Drivers
ee Strips Wheels Limited Growth Drivers
Slide 16: Growth Drivers
Growth Drivers Sales Mix Shift Shift of Sales Mix towards High Margin Accretive Segments – Alloy Wheel & Exports Operations Optimization Development of Robotic Automated Operation process for Operating Cost Rationalization Diversifying into Aluminium Product Portfolio Exploring various avenues to fo
Slide 17: Shift of Sales Mix to High Margin Alloy Wheels Segment
Shift of Sales Mix to High Margin Alloy Wheels Segment I n c r e a s e d Vo l u m e s f r o m A l l o y W h e e l S a l e s Leading to Increased Contribution to Sales (in Lakh Units) I n c l . E xp o r t s Volume Contribution to Total Sales Volume 33 30 Value Contribution to Total Sales Contribution
Slide 18: Shift of Sales Mix to High Margin Exports Segment
Shift of Sales Mix to High Margin Exports Segment I n c r e a s e d Vo l u m e s f r o m E x p o r t s Increased Revenues from Exports (in Lakh Units) (Rs. Crs.) FY25 Alloy Wheel Volume FY25 Alloy Wheel Revenue 2.35 Lakhs unit Rs. 102.68 Crs. 55 829 634 37 561 31 30 294 270 15 FY21 FY22 FY23 FY24 FY
Slide 19: Balance Sheet KPIs
Balance Sheet KPIs Cash Accruals (Rs. in Crs.) Long Term Debt (Rs. in Crs.) RoCE RoE 310 311 548 22.9% 282 274 487 25.9% 24.0% 17.9% 374 371 20.3% 20.0% 17.0% 14.1% 122 222 10.7% 7.1% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 I n c re a s i n
Slide 20: Dividend Payout History
Dividend Payout History Dividend 15 % 15 % 20 % 30 % 30 % 40 % 40 % 0% 20 % 75 % 100 % 100 % 125 % Declared % 15.7 15.7 15.7 11.7 6.2 6.2 Dividend 4.7 4.7 Paid (Rs in Cr) 3.1 3.1 2.3 2.3 0.0 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 ^ FY21 FY22 FY23 FY24 FY25 C o n s i ste nt D i v i d e n d p a i d b
Slide 21: Q4 & FY25 Financials
ee Strips Wheels Limited Q4 & FY25 Financials
Slide 22: Q4 & FY25 Financial Performance Snapshot
Q4 & FY25 Financial Performance Snapshot Revenues from EBITDA (Rs. Crs.) PAT (Rs. Crs.) Volumes (in Lakh operations Revenue Mix EBITDA Margins % PAT Margins % units) (Rs. Crs.) Alloy Wheel Steel Wheel 10.4 % 10.9 % 5.6 % 5.0 % +15.5% +21.1% +2.2% +7% 1,234 135 60 62 47 50 1,069 111 9 Q4 FY25 8 29% 3
Slide 23: Profit & Loss
Profit & Loss Particulars (Rs. in Crs) Q4 FY25 Q4 FY24 Y-o-Y FY25 FY24 Y-o-Y Revenue from Operations 1,233.9 1,068.7 15.5% 4,429.0 4,357.1 1.7% Cost of Materials Consumed 807.0 676.3 2,878.1 2,854.3 Changes in Inventory 11.1 21.7 -19.9 -18.3 Gross Profit 415.9 370.7 12.2% 1570.8 1521.0 3.3% Gross Pr
Slide 24: Balance Sheet
Balance Sheet Assets (Rs. in Crs) FY25 FY24 Equity & Liabilities (Rs. in Crs) FY25 FY24 Non - Current Assets 1,957.6 1,919.4 Total Equity 1543.8 1,345.7 Share Capital 15.7 15.7 Property Plant & Equipments 1,626.1 1,454.8 Other Equity 1528.1 1,330.0 CWIP 271.1 345.8 Share application money pending al
Slide 25: Cash Flow - Snapshot
Cash Flow - Snapshot Particulars (Rs. in Crs) FY25 FY24 Net Profit Before Tax 282.0 288.6 Adjustments for: Non -Cash Items / Other Investment or Financial Items 209.7 183.1 Operating profit before working capital changes 491.7 471.7 Changes in working capital 90.9 -344.7* Cash generated from Operati
Slide 26: Strengthening Balance Sheet
Strengthening Balance Sheet Cash Conversion Cycle Inventory Creditors Debtors In Days 103 56 48 57 50 167 108 106 100 89 94 84 77 77 62 43 33 25 30 32 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 RoCE* RoE* Cash & Cash Equivalents* 20.0% 14.1% Rs. 3.1 Crs. 26 * As o n 3 1 s t M a r c h 2 0 2 5
Slide 27: Performance Ratios
Performance Ratios Return on Equity (RoE) Return on Capital Employed (RoCE) Fixed Asset Turnover Ratio Increased from 7% in FY21 to 14% in Increased from 11% in FY21 to 20% Improved from 1.4 in FY21 to 2.7 FY25 in FY25 in FY25 23% 26% 3.0 3.0 24% 2.6 2.7 18% 17% 20% 20% 14% 11% 1.4 7% FY21 FY22 FY23
Slide 28: Historical Financials
ee Strips Wheels Limited Historical Financials
Slide 29: Historical Profit and Loss
Historical Profit and Loss Profit and Loss (Rs in Crs) FY25 FY24 FY23 FY22 FY21 Revenue from Operations 4,429.0 4,357.1 4,040.5 3,560.0 1,749.4 Cost of Materials Consumed 2,878.1 2,854.3 2,688.3 2,221.6 1,082.4 Changes in Inventory -19.9 -18.3 -24.7 -34.5 16.7 Gross Profit 1570.8 1,521.0 1,376.9 1,3
Slide 30: Balance Sheet
Balance Sheet Assets (Rs. in Crs) FY25 FY24 FY23 FY22 FY21 Equity & Liabilities (Rs. in Crs) FY25 FY24 FY23 FY22 FY21 Non - Current Assets 1,957.6 1,919.4 1,603.1 1,497.0 1,425.9 Total Equity 1543.8 1345.7 1,134.7 951.8 749.3 Share Capital 15.7 15.7 15.7 15.6 15.6 Property Plant & Equipments 1,626.1
Slide 31: Cash Flow - Snapshot
Cash Flow - Snapshot Particulars (Rs. in Crs) FY25 FY24 FY23 FY22 FY21 Net Profit Before Tax 282.0 288.6 291.2 300.9 63.9 Adjustments for: Non -Cash Items / Other Investment or Financial Items 209.7 183.1 152.1 150.9 144.5 Operating profit before working capital changes 491.7 471.7 443.4 451.8 208.4
Slide 32: CSR, ESG & Awards
ee Strips Wheels Limited CSR,ESG & Awards
Slide 33: CSR
CSR Promotion of Education by strengthening government schools & helping poor students by providing Financial Assistance & providing access to education to Orphan Children who lost their parents due to Covid -19 Providing help to the Mentally Strengthening Community Health Challenged Children in get
Slide 34: Awards
Silos MQH FIRST RUNNER-UP CER ICATE Gus Strips Wheels Limited
Slide 35: Thank You
Steel Strips Wheels Limited THANK YOU Company: Steel Strips Wheels Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L27107PB1985PLC006159 CIN: U74140MH2010PTC204285 Mr. Naveen Sorot (CFO)/ Mr. Mohan Joshi (DMD) Mr. Deven Dhruva / Mr. Deep Hemani info@sswlindia.com deven.dhruva@sgapl.
Steel Strips Wheels — Investor Presentation (May 2025) on 6ix