SSWL Reports 56.69% YoY Growth In October Gross Turnover To ₹753.65 Crore

Market snapshot: Steel Strips Wheels Limited reported a 56.69% YoY increase in gross turnover for October 2026, reaching ₹753.65 crore. Net sales turnover for the month rose 55.58% YoY to ₹647.05 crore, marking the company's fourth consecutive month of record monthly sales.

Data Snapshot

• October 2026 gross turnover expanded by 56.69% YoY to ₹753.65 crore.
• October 2026 net turnover increased by 55.58% YoY to ₹647.05 crore.
• Aluminium segment monthly sales surged 66% YoY by value and 26% YoY by volume.

What's Changed

• Gross turnover increased to ₹753.65 crore in October 2026 from ₹480.99 crore in October 2025.
• Net turnover increased to ₹647.05 crore in October 2026 from ₹415.90 crore in October 2025.
• Monthly net turnover surpassed the prior record of ₹625.81 crore established in September 2026.

Key Takeaways

• October 2026 marked the company's highest-ever monthly sales performance.
• Aluminium segment demand continues to outpace volume growth due to higher value realization per wheel.
• Capacity utilization gains at the Mehsana plant supported elevated monthly output.

SAHI Perspective

The strong top-line trajectory underscores positive product mix optimization towards higher-margin alloy wheels, supported by passenger vehicle premiumization trends among domestic OEMs.

Market Implications

Robust monthly dispatches indicate ongoing momentum in auto component demand, particularly across SUV and premium passenger vehicle categories.

Trading Signals

Market Bias: Bullish

October gross turnover climbed 56.69% YoY to ₹753.65 crore while net turnover rose 55.58% YoY to ₹647.05 crore, setting a monthly sales record for the fourth straight month.

Overweight: Auto Components, Automobile

Trigger Factors:

• Monthly passenger vehicle dispatch trends
• Mehsana plant alloy wheel capacity utilization rates
• Raw material price volatility in aluminium and steel

Time Horizon: Near-term (0-3 months)

Industry Context

Accelerating adoption of alloy wheels in passenger vehicles and SUVs is driving higher content per vehicle for specialized component manufacturers.

Key Risks to Watch

• Input cost inflation across key metals like steel and aluminium
• Potential demand moderation in export markets

Recent Developments

October 2026 marked Steel Strips Wheels Limited's fourth consecutive month of all-time high turnover, exceeding September 2026 net turnover of ₹625.81 crore.

Closing Insight

Continued top-line strength driven by high-value product lines positions Steel Strips Wheels Limited favorably as automotive volume dispatches remain steady.

High Performance Trading with SAHI.