Steel Strips Wheels Ltd (BOM:513262)
₹ 310.7 -2.1 (-0.67%) Market Cap: 48.86 Bil Enterprise Value: 57.03 Bil PE Ratio: 23.04 PB Ratio: 2.70 GF Score: 78/100

Q4 2025 Steel Strips Wheels Ltd Earnings Call Transcript

May 16, 2025 / 09:30AM GMT
Release Date Price: ₹231.3 (-2.10%)

Key Points

Positve
  • Steel Strips Wheels Ltd (BOM:513262) achieved its highest-ever quarterly sales in Q4 FY25, with revenues reaching INR 1,233 crores, a 15.5% increase year-over-year.
  • The company's EBITDA grew by 21% year-over-year, reaching INR 134.5 crores, indicating strong operational performance.
  • Export revenues saw a significant revival, growing by 22% from INR 129 crores to INR 157 crores, driven by stability in key international markets.
  • The company successfully reduced its long- and short-term debt by INR 193 crores, despite undertaking capital expansion projects.
  • The alloy wheels segment showed promising growth, with revenues increasing to INR 1,436.5 crores from a volume of 33 lakh units, up from 30 lakh units the previous year.
Negative
  • Profit after tax for FY25 was slightly lower at INR 210 crores compared to INR 219 crores the previous year, due to higher finance costs and increased depreciation.
  • The commercial vehicle (CV) segment experienced a negative growth of 3.5%, impacting overall sales growth.
  • Despite a strong Q4, the full financial year revenue growth was modest at 1.7%, reflecting a slowdown in the Indian domestic market in the first half.
  • Higher finance costs and increased depreciation were attributed to capital expenditures for capacity expansion, affecting profit margins.
  • The company's market share in the steel wheel segment for passenger vehicles decreased from 50% to 37%, indicating competitive pressures.
Operator

Ladies and gentlemen, good day, and welcome to the Steel Strip Wheels Limited Q4 FY25 Earnings Conference Call hosted by Anand Rathi Shares and Stock Brokers Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mumuksh Mandlesha from Anand Rathi. Thank you, and over to you, sir.

Mumuksh Mandlesha

Thank you, Sagar. Good afternoon to everyone on this call. On behalf of Anand Rathi Shares and Stock Brokers, I welcome you all to Q4 FY25 Earnings Conference Call of Steel Strips Wheels Limited. We are pleased to host the senior management of the company Today, we have with us Mr. Dheeraj Garve, Managing Director; Mr. Naveen Sorot, Chief Financial Officer; and Mr. Pranav Jain, Deputy General Manager of Finance. We'll start the call with the initial commentary from the management, and then we'll open the floor for the Q&A. Now, I hand over the call to management team. Over to you, sir.

Unidentified Company Representative

Good afternoon, everyone. Hope everyone is

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