Steel Strips Wheels Limited — PPTs, 22-01-2026: Investor Presentation

SSWL's Q3 FY26 revenue jumped 22.9% YoY to Rs. 1,321 Cr, with 9M FY26 revenues up 16.1% to Rs. 3,708 Cr. However, Q3 PAT dipped 5.4% to Rs. 49 Cr, and 9M PAT fell 6.8% to Rs. 138 Cr. Margin pressures stemmed from a 31% export slowdown in Q3 and higher raw material costs, despite strong domestic demand. Steel wheels drove 61% of Q3 revenue, alloy wheels 38%, and new aluminium knuckles 1%.

The company is strategically shifting to high-margin alloy wheels and boosting exports. Diversification into aluminium knuckles is key, with capacity set to grow from 3.5 lakh to 5.0 lakh units by FY26E and 11.0 lakh by FY27E. SSWL has invested Rs. 150 Cr in FY26 for this expansion. Robotic automation is improving operational efficiency. The strong projected 12% p.a. growth for the alloy wheel market offers a clear path forward.