Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:43 am
Author: Getaka|Social: XLinkedIn

Steel Strips Wheels Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹179.74Fairly Valued by 4.39%vs CMP ₹188.00

P/E (14.8) × ROE (14.5%) × BV (₹104.00) × DY (0.67%)

₹165.86Overvalued by 11.78%vs CMP ₹188.00
MoS: -13.3% (Negative)Confidence: 43/100 (Low)Models: 3 Under, 2 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹178.4422%Fair (-5.1%)
Graham NumberEarnings₹172.3216%Fair (-8.3%)
Earnings PowerEarnings₹53.3911%Over (-71.6%)
DCFCash Flow₹79.5013%Over (-57.7%)
Net Asset ValueAssets₹104.097%Over (-44.6%)
EV/EBITDAEnterprise₹241.999%Under (+28.7%)
Earnings YieldEarnings₹126.907%Over (-32.5%)
ROCE CapitalReturns₹322.089%Under (+71.3%)
Revenue MultipleRevenue₹281.975%Under (+50%)
Consensus (9 models)₹165.86100%Overvalued
Key Drivers: Wide model spread (₹53–₹322) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -0.7%

*Investments are subject to market risks

Investment Snapshot

62
Steel Strips Wheels Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health65/100 · Strong
ROCE 16.8% GoodROE 14.5% GoodD/E 0.56 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 1.62% (6mo) AccumulatingPromoter holding at 61.2% Stable
Earnings Quality50/100 · Moderate
OPM stable around 11% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +16% YoY GrowingProfit (4Q): -4% YoY Declining
Industry Rank85/100 · Strong
P/E 14.8 vs industry 42.7 Cheaper than peersROCE 16.8% vs industry 13.5% Above peersROE 14.5% vs industry 10.0% Above peers3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:43 am

Market Cap 2,953 Cr.
Current Price 188
Intrinsic Value₹165.86
High / Low 280/169
Stock P/E14.8
Book Value 104
Dividend Yield0.67 %
ROCE16.8 %
ROE14.5 %
Face Value 1.00
PEG Ratio-20.42

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Steel Strips Wheels Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Steel Strips Wheels Ltd 2,953 Cr. 188 280/16914.8 1040.67 %16.8 %14.5 % 1.00
Wheels India Ltd 2,413 Cr. 988 1,109/57117.8 3941.17 %16.4 %12.6 % 10.0
Enkei Wheels India Ltd 663 Cr. 369 568/35795.4 1270.00 %7.34 %2.95 % 5.00
Industry Average2,009.67 Cr515.0042.67208.330.61%13.51%10.02%5.33

All Competitor Stocks of Steel Strips Wheels Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 9381,0051,0441,1341,1101,0691,0251,0951,0751,2341,1871,2011,321
Expenses 8318969311,0099949589119759561,0991,0651,0891,193
Operating Profit 108108113124117111114120118135122112128
OPM % 12%11%11%11%11%10%11%11%11%11%10%9%10%
Other Income 2743274333332
Interest 22232426252831302629293232
Depreciation 20202222222325252526303133
Profit before tax 68737179716862677083665366
Tax % 35%35%33%34%16%11%25%26%26%26%24%27%25%
Net Profit 44474852606046505262503949
EPS in Rs 2.803.023.043.353.793.852.943.203.303.933.182.453.13

Last Updated: February 4, 2026, 1:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 11:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0561,1481,1771,3301,5182,0411,5631,7493,5604,0414,3574,4294,942
Expenses 9571,0411,0311,1651,3181,7951,3921,5463,1073,5983,8923,9424,446
Operating Profit 99108145165200246171204453443465487496
OPM % 9%9%12%12%13%12%11%12%13%11%11%11%10%
Other Income 19211920131722161312161312
Interest 41414351649389848584103117122
Depreciation 5338424853627272778090101119
Profit before tax 25497986971093364304291289282267
Tax % 3%19%23%35%23%24%28%23%32%33%24%26%
Net Profit 2439615675822349205194220210199
EPS in Rs 1.602.584.013.584.835.291.513.1613.1612.3814.0113.3812.69
Dividend Payout % 9%8%7%8%8%8%0%6%6%8%7%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)62.50%56.41%-8.20%33.93%9.33%-71.95%113.04%318.37%-5.37%13.40%-4.55%
Change in YoY Net Profit Growth (%)0.00%-6.09%-64.61%42.13%-24.60%-81.28%184.99%205.32%-323.73%18.77%-17.95%

Steel Strips Wheels Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:23%
3 Years:8%
TTM:6%
Compounded Profit Growth
10 Years:18%
5 Years:55%
3 Years:1%
TTM:-2%
Stock Price CAGR
10 Years:22%
5 Years:38%
3 Years:8%
1 Year:-2%
Return on Equity
10 Years:14%
5 Years:17%
3 Years:17%
Last Year:15%

Last Updated: September 5, 2025, 1:36 pm

Balance Sheet

Last Updated: December 4, 2025, 2:02 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15151516161616161616161616
Reserves 3493834444965696666827349361,1191,3301,5281,619
Borrowings 6586316748701,1039881,0019377786391,048828903
Other Liabilities 1621701963494894844806909721,008840994858
Total Liabilities 1,1841,2001,3291,7322,1762,1532,1792,3772,7022,7813,2343,3653,396
Fixed Assets 5715427057451,0291,3291,3071,2591,3601,3491,4571,6281,564
CWIP 12015452352323538510997163346271389
Investments 000000000491616
Other Assets 4925045726358237717871,0081,2451,2651,4221,4511,427
Total Assets 1,1841,2001,3291,7322,1762,1532,1792,3772,7022,7813,2343,3653,396

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1151529512123318410416940634865518
Cash from Investing Activity + -62-34-91-375-299-80-69-37-154-128-370-192
Cash from Financing Activity + -71-631825376-113-64-171-248-234292-354
Net Cash Flow -185522-110-10-29-395-14-13-28
Free Cash Flow 62106-17-267-759226120241212-316320
CFO/OP 116%147%68%86%127%85%66%90%100%89%27%120%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-559.00-523.00-529.00-705.00199.00-742.00170.00-733.00-325.00-196.00464.00-341.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 745252567535495440323740
Inventory Days 74677781107951241651081019095
Days Payable 665966681317281137110957796
Cash Conversion Cycle 836063695157938238374939
Working Capital Days -9-29-39-45-68-32-27-20-6-7-23
ROCE %6%9%11%11%10%12%7%9%23%21%19%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.68%62.68%62.27%61.91%60.98%60.98%60.98%60.98%61.24%61.15%61.15%61.15%
FIIs 5.63%5.63%6.05%6.07%5.94%6.35%6.56%6.84%6.71%7.91%8.73%8.33%
DIIs 0.83%1.23%2.12%2.68%4.12%4.03%4.79%4.86%5.05%5.27%4.62%4.71%
Government 0.00%0.00%0.13%0.13%0.15%0.16%0.00%0.00%0.00%0.00%0.00%0.00%
Public 30.86%30.45%29.44%29.18%28.82%28.50%27.69%27.34%27.01%25.67%25.51%25.83%
No. of Shareholders 34,36937,45841,78542,92751,04461,21068,05069,06869,33860,82361,66861,116

Shareholding Pattern Chart

No. of Shareholders

Steel Strips Wheels Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Small Cap Fund 1,912,322 0.2 41.111,695,9432026-02-23 03:11:2612.76%
Bandhan Transportation and Logistics Fund 245,593 0.76 5.28250,0002025-12-07 02:07:37-1.76%
Groww Value Fund 23,618 0.77 0.5138,9682026-03-23 02:19:01-39.39%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23
FaceValue 1.001.001.00
Basic EPS (Rs.) 12.4443.0712.39
Diluted EPS (Rs.) 12.3943.0012.35
Cash EPS (Rs.) 19.5349.6617.52
Book Value[Excl.RevalReserv]/Share (Rs.) 103.5991.9072.50
Book Value[Incl.RevalReserv]/Share (Rs.) 103.5991.9072.50
Revenue From Operations / Share (Rs.) 282.23277.65258.16
PBDIT / Share (Rs.) 31.0730.4429.08
PBIT / Share (Rs.) 23.9823.8023.94
PBT / Share (Rs.) 16.5147.4018.61
Net Profit / Share (Rs.) 12.4543.0212.38
NP After MI And SOA / Share (Rs.) 12.4442.9912.38
PBDIT Margin (%) 11.0010.9611.26
PBIT Margin (%) 8.498.579.27
PBT Margin (%) 5.8517.077.20
Net Profit Margin (%) 4.4115.494.79
NP After MI And SOA Margin (%) 4.4015.484.79
Return on Networth / Equity (%) 12.0146.7817.07
Return on Capital Employeed (%) 18.5518.8723.92
Return On Assets (%) 5.7420.426.96
Long Term Debt / Equity (X) 0.170.260.14
Total Debt / Equity (X) 0.500.720.56
Asset Turnover Ratio (%) 1.321.430.00
Current Ratio (X) 0.930.900.96
Quick Ratio (X) 0.380.380.36
Inventory Turnover Ratio (X) 6.153.990.00
Dividend Payout Ratio (NP) (%) 8.032.316.05
Dividend Payout Ratio (CP) (%) 5.122.004.28
Earning Retention Ratio (%) 91.9797.6993.95
Cash Earning Retention Ratio (%) 94.8898.0095.72
Interest Coverage Ratio (X) 4.164.655.45
Interest Coverage Ratio (Post Tax) (X) 2.672.973.32
Enterprise Value (Cr.) 3607.544474.752909.08
EV / Net Operating Revenue (X) 0.811.030.71
EV / EBITDA (X) 7.409.376.39
MarketCap / Net Operating Revenue (X) 0.620.790.57
Retention Ratios (%) 91.9697.6893.94
Price / BV (X) 1.722.412.04
Price / Net Operating Revenue (X) 0.620.790.57
EarningsYield 0.060.190.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Steel Strips Wheels Ltd. is a Public Limited Listed company incorporated on 28/02/1985 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L27107PB1985PLC006159 and registration number is 006159. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company's Total Operating Revenue is Rs. 4429.00 Cr. and Equity Capital is Rs. 15.69 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Dr. Trans & Steer - WheelsVillage Somalheri/Lehli, Mohali Punjab 140506Contact not found
Management
NamePosition Held
Mr. Rajender Kumar GargChairman & Non-Exe.Director
Mr. Dheeraj GargManaging & Executive Director
Mr. Mohan JoshiDeputy Managing Director
Mr. Manohar Lal JainExecutive Director
Mr. Sanjay GargNon Exe.Non Ind.Director
Mrs. Deva Bharathi ReddyIndependent Director
Mr. Siddharth BansalIndependent Director
Mr. Sukhvinder KhannaIndependent Director
Mr. Virander Kumar AryaIndependent Director
Mr. Shashi Bhushan GuptaIndependent Director
Mr. Ajit Singh ChathaIndependent Director
Mr. Sanjay Surajprakash SahniNominee Director

FAQ

What is the intrinsic value of Steel Strips Wheels Ltd and is it undervalued?

As of 17 April 2026, Steel Strips Wheels Ltd's intrinsic value is ₹165.86, which is 11.78% lower than the current market price of ₹188.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.5 %), book value (₹104), dividend yield (0.67 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Steel Strips Wheels Ltd?

Steel Strips Wheels Ltd is trading at ₹188.00 as of 17 April 2026, with a FY2026-2027 high of ₹280 and low of ₹169. The stock is currently near its 52-week low. Market cap stands at ₹2,953 Cr..

How does Steel Strips Wheels Ltd's P/E ratio compare to its industry?

Steel Strips Wheels Ltd has a P/E ratio of 14.8, which is below the industry average of 42.67. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Steel Strips Wheels Ltd financially healthy?

Key indicators for Steel Strips Wheels Ltd: ROCE of 16.8 % indicates efficient capital utilization. Dividend yield is 0.67 %.

Is Steel Strips Wheels Ltd profitable and how is the profit trend?

Steel Strips Wheels Ltd reported a net profit of ₹210 Cr in Mar 2025 on revenue of ₹4,429 Cr. Compared to ₹205 Cr in Mar 2022, the net profit shows an improving trend.

Does Steel Strips Wheels Ltd pay dividends?

Steel Strips Wheels Ltd has a dividend yield of 0.67 % at the current price of ₹188.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Steel Strips Wheels Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports