Synopsis: Steel Strips Wheels Ltd (SSWL) secured new export orders worth USD 1 million (Rs. 9.02 crore) from a U.S. customer for trailer wheels, to be shipped from its Chennai plant, strengthening international business and future repeat orders.
This company designs, manufactures, and supplies Steel Wheel Rims and Alloy Wheels for a wide range of domestic and global automobile makers is now in the spotlight after securing an international order worth USD 1 million.
With market capitalization of Rs. 2,963 cr, the shares of Steel Strips Wheels Limited are currently trading at Rs. 188 per share, increasing 3% in today’s market session, making a high of Rs. 193.85, from its previous close of Rs. 188.20 per share.
About the order
Steel Strips Wheels Limited (SSWL) has announced, under Regulation 30 of the SEBI Listing Regulations, that it has secured new export orders from a U.S.-based customer for various trailer wheel segments.
The orders, valued at approximately USD 1 million (INR 9.02 crores), will be executed through shipments from the company’s Chennai plant during December 2025. This development marks the renewed engagement with U.S. customers, which the company believes will drive significantly higher repeat order volumes in the coming months. The order has been awarded by an international entity, pertains to export business, and does not involve any related party transactions or promoter group interest.
About the company
Steel Strips Wheels Ltd (SSWL) is a leading Indian manufacturer of steel and alloy wheels, supplying major automobile OEMs across passenger vehicles, commercial vehicles, tractors, and two- and three-wheelers. The company has a strong domestic presence and growing export footprint, supported by advanced manufacturing facilities in Punjab, Tamil Nadu, and Gujarat.
The company reported Q2FY26 results showing steady revenue growth but weaker profitability. Sales rose 10% year-on-year to Rs. 1,201 crore from Rs. 1,095 crore, while EBITDA declined 7% to Rs. 112 crore compared to Rs. 120 crore a year earlier. Net profit fell 23% to Rs. 38.5 crore from Rs. 50.2 crore, and EPS also dropped 23% to Rs. 2.45 from Rs. 3.20.
It demonstrates a return on capital employed (ROCE) of 16.8% and a return on equity (ROE) of 14.5%, supported by a moderate debt-to-equity ratio of 0.55. The company’s stock trades at a price-to-earnings (P/E) ratio of 14.7, which is significantly below the industry average P/E of 29.4, indicating potential undervaluation relative to its peers.
Written by Manideep Appana
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