Announcement Summary
- Company: Steel Strips Wheels Limited
- Order Value: Close to Rs 300 Crore
- Client: Two Leading European OEMs
- Location: Chennai Plant, India; Vehicle Production in European Union and South America
- Date: August 4, 2025
Steel Strips Wheels Limited has secured a nomination to supply steel wheels for vehicle programs from two major European original equipment manufacturers (OEMs). The vehicles are scheduled for production in the European Union and South America. This new business opportunity is valued at nearly Rs 300 Crore and will be executed over a five-year timeframe.
Series production supplies from Steel Strips Wheels’ Chennai facility are expected to begin in early calendar year 2027. This deal aligns with the company’s strategy to expand its export footprint, reducing reliance on the US market and South America. The company also anticipates acquiring additional orders from global OEMs in the near future.
Key Fundamentals
- Market Cap: Rs 3,463 Crore
- Current Price: Rs 220
- 52 Week High/Low: Rs 280 / Rs 167
- Stock P/E Ratio: 16.2
- Book Value: Rs 98.4
- Dividend Yield: 0.44%
- ROCE: 16.8%
- ROE: 14.5%
- Face Value: Rs 1.00
- Price to Book Value: 2.24
- EPS: Rs 13.6
- Promoter Holding: 61.1%
- Industry PE: 29.5
- EV/EBITDA: 8.45
- Market Cap to Sales: 0.75
- Return over 3 years: 9.58%
What This Means for Investors
This international order nomination is a significant step for Steel Strips Wheels as it extends the company’s reach into the European Union and South American markets. Starting supplies by early 2027 means a steady revenue stream over the next five years, enhancing the company’s order book. The shift towards diversifying export markets reduces dependence on the US and South American markets, potentially stabilizing revenue and fostering growth opportunities with global clients.
Past Orders or Related News
No data available related to past orders for Steel Strips Wheels Limited.
Source: BSE (Click To Download PDF).
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