Steel Strips Wheels share price & financials

Steel Strips Wheels Limited designs and manufactures automotive wheels - steel wheels, alloy wheels and, more recently, aluminium knuckles - supplying original equipment manufacturers across the passenger vehicle, medium & heavy commercial vehicle, tractor/off-the-road, and two/three-wheeler segments. It runs five wheel-manufacturing plants across Punjab, Tamil Nadu, Jharkhand and Gujarat, backed by a captive hot-rolling steel mill at Saraikela, Jharkhand, that feeds its steel-wheel plants. Beyond India, it exports wheels to OEMs across North America, Europe, Latin America and Asia, and holds long-standing strategic alliances with Tata Steel Limited and Nippon Steel Corporation (Japan), both of which hold minority equity stakes in the company.

Wheel manufacturing plants

5 plants - Dappar (Punjab), Chennai (Tamil Nadu), Jamshedpur (Jharkhand), Mehsana (Gujarat) and Bhuj (Gujarat) - plus a backward-integrated hot-rolling steel mill at Saraikela, Jharkhand

Installed capacity

~25 million wheels/knuckles per annum (Steel Wheels 20 Mn + Alloy Wheels 5 Mn + Aluminium Knuckles 0.5 Mn)

Employee strength

7,500+

Product portfolio

3 product lines - Steel Wheels, Alloy Wheels, Aluminium Knuckles - serving PV, MHCV, tractor/OTR and 2/3-wheeler vehicle segments

Key OEM customers

Maruti Suzuki, Hyundai, Kia, MG Motors, Mahindra, Tata Motors, Honda, Ashok Leyland, Sonalika, Escorts, JCB, New Holland, HMSI and Suzuki Scooters, among others

Export footprint

OEM customers across roughly 24 countries spanning North America, Europe, Latin America and Asia, including the US, Canada, UK, Germany, Japan, South Korea, Brazil and Australia