NSE: SSWL · 23 October 2026
- Steel Strips Wheels closed 19.99% higher at ₹468.75 on 23 October 2026 and reached a fresh 52-week high; the BSE price also marked an all-time high.
- The September-quarter result showed a sharp improvement in revenue, operating profit and profit after tax.
- Consolidated revenue rose 60.75% YoY to ₹1,929.92 crore, EBITDA increased to ₹231.34 crore from ₹112.48 crore, and profit after tax rose to ₹116.94 crore from ₹35.52 crore.
Why is Steel Strips Wheels share price rising on 23 October 2026?
Steel Strips Wheels surged 19.99% to close at ₹468.75 on the NSE on 23 October 2026 after opening at ₹391.00. The stock traded between ₹378.15 and ₹468.75 and ended at the top of its daily range.
The principal company-specific trigger was the September-quarter result. Consolidated revenue rose 60.75% year on year to ₹1,929.92 crore, EBITDA more than doubled to ₹231.34 crore, and profit after tax increased to ₹116.94 crore from ₹35.52 crore. EBITDA margin improved to 11.98% from 9.37% in the year-ago quarter.
The price action also created a fresh record-high event while the broader market was weak, strengthening the search relevance of the move.
The board also outlined a ₹1,400 crore capacity-expansion programme spanning alloy wheels, passenger-vehicle and off-the-road steel wheels, and hot-stamping capacity, adding a medium-term business catalyst to the immediate earnings reaction.
1.99 crore shares traded by 23 October 2026 · 03:30 PM IST.
The near-20% rally coincided with a major improvement in Q2 revenue, EBITDA and profit, alongside a fresh record high. The announced ₹1,400 crore capex programme added further business context to the earnings-led move.
Latest Company Developments
Consolidated revenue rose 60.75% YoY to ₹1,929.92 crore, EBITDA increased to ₹231.34 crore from ₹112.48 crore, and profit after tax rose to ₹116.94 crore from ₹35.52 crore.
The sharp earnings improvement provides a direct fundamental catalyst for the 23 October price move.
The company outlined capex for alloy wheels, passenger-vehicle and OTR steel wheels, and hot-stamping capacity, including a proposed greenfield manufacturing facility in Maharashtra.
The investment programme expands manufacturing capacity and provides a medium-term execution catalyst beyond the quarterly result.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 0.01% on 30 September 2026.
What to Watch Next
- Whether the stock can sustain the breakout after a near-20% one-day move and record-high close.
- Follow-through in cash-market participation after the unusually active 23 October session.
- Execution milestones and funding details for the announced ₹1,400 crore capacity expansion.
- Management commentary on margins and the sustainability of Q2 revenue and profit growth.
More Steel Strips Wheels news and dated analysis →
Frequently Asked Questions
What is the latest Steel Strips Wheels company news?
Consolidated revenue rose 60.75% YoY to ₹1,929.92 crore, EBITDA increased to ₹231.34 crore from ₹112.48 crore, and profit after tax rose to ₹116.94 crore from ₹35.52 crore.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.