Steel Strips Wheels

Steel Strips Wheels' board approved a Rs1,400 crore greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad) with initial capacity of 2.5 million alloy wheels, 1.6 million steel wheels for passenger vehicles and OTR, and 1.3 million strokes of hot-stamping for structural body parts, planned over 60 months through debt and internal accruals subject to approvals. The same meeting approved standalone second-quarter revenue of Rs1,929.9 crore with profit after tax of Rs118.8 crore, declared an interim dividend of Rs1.50 per share with 30 October as record date, appointed Vice-President Pranav Jain as senior management personnel, and renewed the five-year Bhuj lease with wholly owned AMW Autocomponent at Rs45 lakh per month. The company reported net revenue of Rs5,183 crore in FY26 with volumes of 199.5 lakh wheels and capacity of more than 25 million wheels across five plants. It was adding 1.2 million alloy wheels and 0.6 million aluminium knuckles at Bhuj in September-October 2026 after FY26 capex of about Rs250 crore. Steel and alloy plants ran at 82% utilisation in the first quarter of FY27.

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Steel Strips Wheels' board approved a Rs 1,400 crore greenfield manufacturing facility at Chhatrapati Sambhajinagar in Maharashtra for alloy wheels, steel wheels for passenger vehicles and off-the-road vehicles and hot stamping of structural body parts. The project envisaged initial capacity of 2.5 million alloy wheels a year, 1.6 million steel wheels and 1.3 million hot-stamping strokes, to be added over 60 months subject to approvals and funded with debt and internal accruals. The company reported standalone revenue of Rs 1,930 crore for the quarter ended September, against Rs 1,201 crore a year earlier, with profit after tax of Rs 119 crore. It declared an interim dividend of Rs 1.50 per share with a 30 October record date and renewed a five-year lease with its wholly owned subsidiary AMW Autocomponent for its Bhuj premises on unchanged terms. The company operated about 25 million wheels of capacity across five plants, comprising 20 million steel wheels, 5.0 million alloy wheels and 0.5 million aluminium knuckles. It reported net revenue of Rs 5,183 crore for the year to March, with debt of Rs 826 crore at the year-end, flat on a year earlier. Capital expenditure was guided at Rs 250 crore for fiscal 2026, with alloy capacity at Bhuj scheduled to rise by 1.2 million to about 6.2 million and knuckle capacity to 1.0 million.

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Steel Strips Wheels' board approved a greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, with an estimated outlay of Rs1,400 crore spread over 60 months. The plant was earmarked for 2.5 million alloy wheels a year, 1.6 million steel wheels for passenger vehicles and off-the-road vehicles, and a 1.3 million-stroke hot stamping line, to be funded through debt and internal accruals. The company reported standalone revenue from operations of Rs1,929.9 crore and profit after tax of Rs118.8 crore for the quarter ended September, and declared an interim dividend of Rs1.50 per share with 30 October as the record date. The board also designated Vice-President Pranav Jain as senior management personnel and renewed the lease for the Bhuj premises held through wholly owned subsidiary AMW Autocomponent for up to five years. Capital expenditure was Rs250 crore in the year to March, and net revenue was Rs5,183 crore with about 25 million wheels of capacity operating at 82% utilisation in the June quarter.

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Oct 1 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• SEPTEMBER NET TURNOVER UP 52.4% YOY AT 6.26 BILLION RUPEES

• TOTAL VOLUME GREW 22% YOY DURING SEPTEMBER 2026

Further company coverage: STWH.NS

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Sunena Garg, a promoter of Steel Strips Wheels, bought 48,000 equity shares in the open market on 7 September. Her holding rose from 5,599,574 shares, or 3.56%, to 5,647,574 shares, or 3.59%, while the promoter group's combined holding increased from 61.11% to 61.14%. Steel Strips Wheels reported FY26 revenue of ₹5,183 crore, with alloy wheels accounting for 35% and truck and tractor wheels for 34% of its product mix. The company had net debt of ₹826 crore and planned FY27 capital expenditure of about ₹600 crore.

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Steel Strips Wheels' board approved an increase in its borrowing limit from ₹2,000 crore to ₹3,500 crore, subject to shareholder approval at the annual general meeting. It also approved the creation of security over present and future assets for borrowings, reappointed Dheeraj Garg as managing director and Sanjay Garg as a non-executive director, and designated Vineet Aggarwal and Amit Kumar Sharma as senior-management personnel. The company scheduled its 40th annual general meeting for 30 September 2026 at its registered office in Punjab. Steel Strips Wheels had outlined approximately ₹600 crore of capital expenditure for FY27, funded through internal accruals and debt. Net debt stood at about ₹826 crore, with debt to EBITDA at roughly 1.6 times.

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Steel Strips Wheels' board approved an increase in its borrowing limit from ₹2,000 crore to ₹3,500 crore, subject to shareholder approval, and approved the creation of security over present and future assets for borrowings. Shareholders were due to consider the resolutions at the company's 40th annual general meeting on 30 September 2026 at its registered office in Punjab. The board also approved the proposed reappointments of managing director Dheeraj Garg and non-executive director Sanjay Garg, both of whom were retiring by rotation. Vineet Aggarwal was appointed executive director (operations) and Amit Kumar Sharma vice-president (personnel and administration), effective 3 September. The company's FY27 capex plan was about ₹600 crore, while net debt stood at ₹826 crore and debt-to-EBITDA at about 1.6 times.

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Sept 3 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• RE-APPOINTS DHEERAJ GARG AS MD

Further company coverage: STWH.NS

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Sept 1 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS - MONTHLY TURNOVER IN AUGUST 2026 UP 54% YOY

Source text: ID:nBSE3RgFbk

Further company coverage: STWH.NS

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July 15 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS JUNE-QUARTER CONSOL PAT 694.5 MILLION RUPEES

• STEEL STRIPS WHEELS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 15.1 BILLION RUPEES

Source text: ID:nBSE4xh5Db

Further company coverage: STWH.NS

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July 1 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• JUNE 2026 NET TURNOVER RISES 36.84% YOY TO 4.80 BILLION RUPEES

Source text: ID:nBSEbXP40D

Further company coverage: STWH.NS

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June 3 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS LTD - MOHAN JOSHI RESIGNS AS DEPUTY MANAGING DIRECTOR

Source text: ID:nBSEDgwzq

Further company coverage: STWH.NS

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** Shares of Steel Strips Wheels STWH.NS up 5.4% to 206.8 rupees

** Co, which makes auto wheel rims, says its net turnover from May sales grew 18.4% y/y

** Co plans ~1.2 mln units capacity addition in alloy wheels to ramp up total capacity up to ~6.2 mln for FY27

** Stock set to snap three sessions of losses

** YTD, STWH up ~7%

(Reporting by Anuran Sadhu in Bengaluru)

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June 1 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS - MAY 2026 NET TURNOVER UP 18.43% YOY

Source text: ID:nNSE6jF4cM

Further company coverage: STWH.NS

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March 2 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• SSWL REPORTS 16.84% YOY INCREASE IN NET TURNOVER

• 2 & 3 WHEELER SEGMENT VOLUME UP 108% Y/Y IN FEB

Source text: ID:nBSE1d7XD3

Further company coverage: STWH.NS

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Feb 13 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS LTD - ENTERS AGREEMENT WITH ARAYS AND HAINAN JIHOO

• STEEL STRIPS WHEELS LTD - ENTERS AGREEMENT FOR ALLOY WHEELS FACILITY

• STEEL STRIPS WHEELS LTD - CONSIDERATION OF APPROX $19 MILLION

Source text: ID:nNSE3mFLGl

Further company coverage: STWH.NS

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Jan 22 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS LTD DEC-QUARTER CONSOL PAT 466.1 MILLION RUPEES

• STEEL STRIPS WHEELS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 13.21 BILLION RUPEES

Further company coverage: STWH.NS

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** Shares of Steel Strips Wheels STWH.NS rise 9.6% to 208.8 rupees

** Auto wheel rim maker's December sales grew 22% Y/Y

** Strong domestic performance, premium segment mix helped co weather muted export volumes

** Co says it remains cautiously optimistic about sustaining momentum, supported by strong order visibility in tractors, aluminum wheels, commercial vehicle segments

** Stock lost 1.9% last year

(Reporting by Aleef Jahan in Bengaluru)

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Sept 12 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS LTD - NAVEEN SOROT RESIGNS AS CFO OF STEEL STRIPS WHEELS

Source text: ID:nBSE6vN2rD

Further company coverage: STWH.NS

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Sept 1 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• AUG OVERALL SALES GREW 7% Y/Y

Source text: ID:nNSE9gy18b

Further company coverage: STWH.NS

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Aug 4 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• RECEIVED NOMINATION FOR STEEL WHEEL BUSINESS FROM TWO EUROPEAN OEMS

• BUSINESS VALUE FOR BOTH PROJECTS IS CLOSE TO 3 BILLION RUPEES

Source text: ID:nBSE198thB

Further company coverage: STWH.NS

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Aug 1 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• JUNE-QUARTER CONSOL PAT 472.4 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 11.87 BILLION RUPEES

• RE-APPOINTMENT OF RAJINDER KUMAR GARG AS CHAIRMAN

• TO INCORPORATE SUBSIDIARY IN EUROPEAN UNION

Source text: ID:nBSE2HfcWZ

Further company coverage: STWH.NS

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July 1 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS - PV, OTHERS DE-GREW IN JUNE DUE TO RARE EARTH METALS SUPPLY CONSTRAINTS

• STEEL STRIPS WHEELS- EXPORT SALES DECLINED DURING JUNE 2025 AS CUSTOMERS DEFERRED SHIPMENTS

• STEEL STRIPS WHEELS- 2W ELECTRIC VEHICLES SHOWN EARLY SIGNS OF RECOVERY STARTING JULY 2025

Source text: ID:nNSE3pMfH1

Further company coverage: STWH.NS

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June 16 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• HIGH COURT QUASHES SHOW CAUSE NOTICE AGAINST STEEL STRIPS WHEELS

• ENTITLED TO CLAIM IGST PAID ON EXPORTS

Source text: ID:nNSE2D0447

Further company coverage: STWH.NS

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** Shares of Steel Strips Wheels STWH.NS rise as much as 5.6% to 188.36 rupees

** Wheel maker says its overall sales volume grew 9% Y/Y in March 2025

** Adds, March overall net turnover grew 27.3% Y/Y to 4.34 bln rupees ($50.7 mln)

** Stock on track to snap four consecutive session of loss, if trend holds

** Stock rose 0.8% in March, snapping seven straight months of declines

** Stock down 5.8% YTD

($1 = 85.5430 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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March 27 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS LTD - SAYS NO EFFECT ON PRODUCT DUE TO TARIFF

Source text: ID:nBSEbNyp2J

Further company coverage: STWH.NS

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Feb 1 (Reuters) - Steel Strips Wheels Ltd STWH.NS:

• STEEL STRIPS WHEELS LTD - JAN SALES VOLUME UP 8% Y/Y

Source text: ID:nNSE8WjnN1

Further company coverage: STWH.NS

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** Shares of Steel Strips Wheels STWH.NS fall 3.3% to 197.85 rupees

** Wheel maker reports 19.7% y/y decline in Q3 consol profit, revenue drops 3.2%

** Stock set to snap three-session gaining streak

** STWH fell 23.9% in 2024 vs 62.7% gains in 2023

(Reporting by Vijay Malkar)

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** Shares of Steel Strips Wheels STWH.NS gain as much as 7.4% to 212 rupees, last up 6.3%

** Wheel rims maker's Dec. monthly sales rose 10% y/y, volumes grew 7%

** Stock was up 1.1% ahead of the update

** Over 368,000 shares traded, 1.7x the 30-day avg

** STWH lost 24% in 2024 after a 63% jump in 2023

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Steel Strips Wheels STWH.NS rises 3% to 205.2 rupees; biggest one-day gain in over a week

** Stock set to snap six-session losing streak

** Wheel rims maker gets export order worth 15 mln euros ($15.6 mln) for their steel wheels business from a European manufacturer

** Order to be executed over six years; supplies to commence from 2026-end

** STWH sees second-busiest day in 1.5 months, with over 347,000 shares traded

** Stock down 20% YTD

($1 = 0.9636 euros)

(Reporting by Aleef Jahan in Bengaluru)

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