Steel Strips Wheels Sustains Momentum with 17% Net Turnover Growth in February 2026

Steel Strips Wheels Limited (SSWL) continued its impressive performance following a record January, achieving a 16.84% year-on-year increase in net turnover to ₹1,476.41 crore in February 2026 from ₹1,261.14 crore last year.

Gross turnover rose 9.71% to ₹549.25 crore from ₹500.62 crore. Key growth drivers included the 2 & 3 wheeler segment, which doubled volume (+108% YoY) and surged 97% in value. The tractor segment delivered 35% growth in both volume and value, while the high-margin aluminum segment advanced 16% in value and 10% in volume.

Domestic commercial vehicle (CV) sales grew 10% in value, and trucks increased 11% in value with 5% volume growth. Despite a 53% volume decline and 26% value drop in overall exports, SSWL offset this through domestic expansion and premium product focus, generating 17% value growth on just 5% volume increase via better realizations and mix.

Passenger car (steel) dipped 14% in value and 16% in volume. This underscores SSWL's strategic shift toward high-value segments amid challenging exports.

Source : Equity Bulls

Keywords

SteelStripsWheels SSWL SalesVolume February2026