Steel Strips Wheels Ltd · NSE:SSWL
Steel Strips Wheels — H1 FY27 Earnings Presentation
36 slides from Steel Strips Wheels's earnings presentation, Oct 23, 2026
Slide 1: Regulation 30 intimation letter to exchanges
STEEL STRIPS WHEELS LTD. CIN: 127107PB1985P1C006159 Head Office : |SOffS16949 Certified SCO 49-50, Sector 26, STEEL STRIPS GROUP Madhya Marg, Chandigarh 160 019 (lNDlA) fel | +91 172-2793112, 27 90979, 27 92385 Fax: +91 172-2794834 | 2790887 Website : www.sswlindia.com Date:23.10.2026 BSE Limited Th
Slide 2: Investor Presentation October 2026
STEEL STRIPS WHEELS LIMITED Delivering Value; Seeking Excellence Investor Presentation October 2026
Slide 3: 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 4: Q2&H1 FY27 Financials
‘cl sees Strips Wheels Limited Q2&H1 FY27 Financials
Slide 5: Q2 & H1 FY27 Financial Performance Highlights
Q2 & H1 FY27 Financial Performance Highlights Revenue from EBITDA PAT Operations Highest-Ever Quarter Record Revenue | EBITDA | PAT Q2 FY27 Rs. 1,930* Crs. Rs. 235 Crs. Rs. 119 Crs. New Greenfield Plant Approved Chhatrapati Sambhajinagar, Maharashtra 61% YoY 110% YoY 208% YoY ~Rs. 1,400 Crs. 60 mont
Slide 6: Q2 FY27 Financial Performance
Q2 FY27 Financial Performance Revenues from operations* EBITDA (Rs. Crs.) PAT (Rs. Crs.) Volumes Revenue Mix EBITDA Margins % PAT Margins % (in Lakh units) (Rs. Crs.) Alloy Wheel Steel Wheel Aluminium Knuckles 9.3 % 12.2 % 3.2 % 6.2 % 23.5% +60.8% +109.7% +208.3% 59 1,930 235 119 12 37% 48 45% 9 1,2
Slide 7: H1 FY27 Financial Performance
H1 FY27 Financial Performance Revenues from operations* EBITDA (Rs. Crs.) PAT (Rs. Crs.) Volumes Revenue Mix EBITDA Margins % PAT Margins % (in Lakh units) (Rs. Crs.) Alloy Wheel Steel Wheel Aluminium Knuckles 9.8 % 11.5 % 3.7 % 5.5 % 16.6% +44.1% +69.7% +115.1% 111 3,440 397 190 95 23 36% 42% 18 2,
Slide 8: Profit & Loss
Profit & Loss Particulars (Rs. in Crs) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y Revenue from Operations 1,929.9 1,200.6 60.7% 3,439.7 2,387.4 44.1% ➢ Revenue from Operations for the quarter grew Cost of Materials Consumed 1,313.6 764.9 2,402.4 1,583.6 61% YoY, driven by both Domestic and Export C
Slide 9: Standalone Balance Sheet
Standalone Balance Sheet Assets (Rs. in Crs) Sep-26 Mar-26 Equity & Liabilities (Rs. in Crs) Sep-26 Mar-26 Non - Current Assets 2,118.3 2,045.9 Total Equity 1,918.5 1,734.8 Share Capital 15.7 15.7 Property Plant & Equipments 1,877.6 1,821.9 Other Equity 1,902.8 1,719.1 CWIP 133.3 141.7 Share applica
Slide 10: Cash Flow - Snapshot
Cash Flow - Snapshot Particulars (Rs. in Crs) Sep-26 Sep-25 Net Profit Before Tax 255 118 Adjustments for: Non -Cash Items / Other Investment or Financial Items 147 118 Operating profit before working capital changes 402 237 Changes in working capital -227 -116 Cash generated from Operations 175 120
Slide 11: Company Overview
‘cl sees Strips Wheels Limited Company Overview
Slide 12: 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 13: 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 14: 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 15: Our Products
Our Products I n c l . E xp o r t s a n d s c r a p s Steel Wheels – Rs. 1,927 crores (~56%) (H1 FY27 Revenues) Competitive Pricing Suitability Quick Maintenance Robust Wheel More flexible, absorbs Competitively priced; have Requires nothing more Steel Wheels are robust, more shock, thus suitable hi
Slide 16: Product Capacities & Utilization
Product Capacities & Utilization 72% 77% 76% 85% 78% STEEL WHEELS 205 205 205 207 207 FY23 FY24 FY25 FY26 H1 FY27 96% 82% 89% 80% 80% A L L OY W H E E L S Expected ~1.2 million capacity addition in Alloy 62 Wheels aiming to ramp up 50 50 the total capacity up to 36 42 ~6.2 million for FY27 30 FY23 F
Slide 17: 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 6+1.5 Dappar, Punjab Chennai, Tamil Nadu PV & CV 7.5 Jamshedpur, Jharkhand 2.4 HCV / LCV Bhuj, Gujarat* Jamshedpur, Jharkhand Bhuj, Gujarat * - Mehsana, Gujarat * AM W
Slide 18: Clientele
Clientele 17 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 19: Steel Wheels
Steel Wheels Domestic Market Share Key Customers Share of Business S t e e l W h e e l S a l e s Vo l u m e 33% Maruti Suzuki 32% (in Lakh Units) Hyundai 22% I n c l . E xp o r t s Mahindra 56% Honda 86% 160 158 157 148 Passenger Vehicle MG Motors 100% Kia 23% 87 53% Key Customers Ashok Leyland TATA
Slide 20: Scaling up Capacity for Aluminium Knuckles
Aluminium Knuckles Scaling up Capacity for Aluminium Knuckles Knuckles In Lakh Units Capacity 11.0 5.0 5.0 FY26 H1FY27 FY27E Currently, we are working with 2 leading In H1 FY27 we sold ~1.2 lac Knuckles which OEM’s and as we keep increasing our generated revenue of Rs. 66 Crores capacity we would in
Slide 21: Export Profile
Export Profile Exports Revenue (Rs. Crs) Russia UK Germany Poland Canada Netherlands Slovakia USA France Romania Japan +16% Austria Hungary Spain S Korea Italy 314 Morocco +69% 271 Egypt U.A.E. Thailand 187 111 Colombia Brazil Q2 H1 FY26 FY27 Australia Argentina Customers Locations 20 Map not to sca
Slide 22: Growth Drivers
‘cl sees Strips Wheels Limited Growth Drivers
Slide 23: 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 24: 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 39 Value Contribution to Total Sales Contribution 42
Slide 25: Balance Sheet KPIs
Balance Sheet KPIs Cash Accruals (Rs. in Crs.) Long Term Debt (Rs. in Crs.) 331 487 310 311 274 270 382 397 371 222 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 Net Capex of INR 128 Crs. was incurred till H1F27 towards incremental capacity expansion, largely focused on aluminium wheels an
Slide 26: Dividend Payout History
Dividend Payout History Dividend Declared for 15 % 15 % 20 % 30 % 30 % 40 % 40 % 0% 20 % 75 % 100 % 100 % 125 % 150 % 150 % (%) 23.6 19.7 15.7 15.7 15.7 11.7 Dividend Paid during 6.2 6.2 FY (Rs in Cr) 4.7 4.7 2.3 2.3 3.1 3.1 0.0 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20^ FY21 FY22 FY23 FY24 FY25 FY26
Slide 27: CSR, ESG & Awards
‘cl sees Strips Wheels Limited CSR,ESG & Awards
Slide 28: CSR
CSR OPD infrastructure strengthening at Community Health Centres, Procurement of Promotion of nationally recognized medicines, Medicial financial assistance, sports Nutrition kit support to TB patients Promotion of Education by strengthening government schools & Construction, Renovation & helping po
Slide 29: Awards
Awards Gus Strips Wheels Limited melee MQH FIRST RUNNER-UP CERTIFICATE in quality manage the overall compet
Slide 30: Historical Financials
‘cl sees Strips Wheels Limited Historical Financials
Slide 31: Historical Profit and Loss
Historical Profit and Loss Profit and Loss (Rs in Crs) FY26 FY25 FY24 FY23 FY22 Revenue from Operations 5,182.8 4,429.0 4,357.1 4,040.5 3,560.0 Cost of Materials Consumed 3,463.2 2,878.1 2,854.3 2,688.3 2,221.6 Changes in Inventory -64.6 -19.9 -18.3 -24.7 -34.5 Gross Profit 1784.3 1570.8 1,521.0 1,3
Slide 32: Balance Sheet
Balance Sheet Assets (Rs. in Crs) FY26 FY25 FY24 FY23 FY22 Equity & Liabilities (Rs. in Crs) FY26 FY25 FY24 FY23 FY22 Non - Current Assets 2,045.9 1,957.6 1,919.4 1,603.1 1,497.0 Total Equity 1,734.8 1,543.8 1,345.7 1,134.7 951.8 Share Capital 15.7 15.7 15.7 15.7 15.6 Property Plant & Equipments 1,8
Slide 33: Cash Flow - Snapshot
Cash Flow - Snapshot Particulars (Rs. in Crs) FY26 FY25 FY24 FY23 FY22 Net Profit Before Tax 271.0 282.0 288.6 291.2 300.9 Adjustments for: Non -Cash Items / Other Investment or Financial Items 248.7 209.7 183.1 152.1 150.9 Operating profit before working capital changes 519.7 491.7 471.7 443.4 451.
Slide 34: Strengthening Balance Sheet
Strengthening Balance Sheet Cash Conversion Cycle Inventory Creditors Debtors In Days 48 57 50 50 44 100 100 89 94 90 86 88 77 77 62 42 32 36 25 30 Mar-23 Mar-24 Mar-25 Mar-26 H1 FY27 RoCE* RoE* Cash & Cash Equivalents* 24% 20% Rs. 21 Crs. 33 * As o n 3 1 s t S e p t e m b e r 2 0 2 6
Slide 35: Performance Ratios
Performance Ratios Return on Equity (RoE) Return on Capital Employed (RoCE) Fixed Asset Turnover Ratio 20% 24% 3.7 18% 17% 21% 19% 3.0 3.0 2.8 14% 17% 2.7 16% 12% FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 Debt / EBITDA Debt / Equity Current Ratio 2.11 0.79 1
Slide 36: Thank You
Steel Strips Wheels Limited THANK YOU Company: Steel Strips Wheels Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L27107PB1985PLC006159 CIN: U74140MH2010PTC204285 info@sswlindia.com Mr. Deven Dhruva / Ms. Prachi Chhugani Tel: +91-172 2790979 deven.dhruva@sgapl.net / prachi.chhugani