Steel Strips WheelsNSE:SSWL -1.58%86 Operating Margin % is 7.67% as of Mar. 2026, which is 11% below its 10-year median of 8.62. GuruFocus rates NSE:SSWL with a GF Score™ of 86/100 and a GF Value™ of ₹258.09 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,325 Vehicles & Parts companies, Steel Strips Wheels ranks better than 65.74% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Steel Strips Wheels Operating Margin % Related Terms
Steel Strips Wheels Operating Margin % Historical Data
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The historical data trend for Steel Strips Wheels's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:SSWL vs ORLY, AZO: Operating Margin % Comparison
For the Auto Parts subindustry, Steel Strips Wheels's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Steel Strips Wheels Operating Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Steel Strips Wheels's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Steel Strips Wheels's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Steel Strips Wheels's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Steel Strips Wheels (NSE:SSWL) has a Operating Margin % of 7.67% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Steel Strips Wheels and its competitors. This is 11% below median its historical median of 8.62. Over the past decade, Steel Strips Wheels' Operating Margin % has ranged from 6.60 to 10.56. According to the industry distribution chart, Steel Strips Wheels ranks #454 out of 1325 companies in the Vehicles & Parts industry, placing it in the top 34.3%.
Is Steel Strips Wheels' Operating Margin % too high?
Steel Strips Wheels' current Operating Margin % of 7.67% is 11% below median its 10-year median of 8.62. Over the past 10 years, this metric has ranged from a low of 6.60 to a high of 10.56. The Vehicles & Parts industry median Operating Margin % is 4.86. Steel Strips Wheels' value of 7.67% is 57.8% above this industry median. Based on the distribution chart, Steel Strips Wheels ranks #454 out of 1325 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Steel Strips Wheels has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Steel Strips Wheels' Operating Margin % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Steel Strips Wheels ranks #454 out of 1325 companies for Operating Margin %. This puts Steel Strips Wheels in the upper half of its industry. The industry median Operating Margin % is 4.86. Steel Strips Wheels' value of 7.67% is 57.8% above this benchmark. Historically, Steel Strips Wheels' own Operating Margin % has ranged from 6.60 to 10.56 over the past decade. While the company's 10-year median is 8.62 vs. the industry median of 4.86, Steel Strips Wheels has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Vehicles & Parts company?
The median Operating Margin % among Vehicles & Parts companies is 4.86, based on 1,325 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steel Strips Wheels's current Operating Margin % of 7.67% is 57.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Steel Strips Wheels and its competitors. For the Vehicles & Parts industry, the median Operating Margin % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Strips Wheels's current Operating Margin % is 7.67%, which is 11% below median its own 10-year median of 8.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Strips Wheels stock overvalued right now?
Based on GuruFocus' analysis, Steel Strips Wheels (NSE:SSWL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹258.09, compared to a current price of ₹229.87 — trading 10.9% below its estimated fair value. The current Operating Margin % is 7.67%, which is 11% below median its 10-year median of 8.62 and 57.8% above the Vehicles & Parts industry median of 4.86. Steel Strips Wheels' overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Steel Strips Wheels (NSE:SSWL), the current Operating Margin % is 7.67% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Steel Strips Wheels (NSE:SSWL) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Strips Wheels stock appears to be undervalued.
The current stock price of ₹229.87 is trading 10.9% below its estimated GF Value™ of ₹258.09.
GuruFocus considers Steel Strips Wheels to be Modestly Undervalued.
Key valuation signals for NSE:SSWL:
Operating Margin %: 7.67% (11% below median its 10-year median of 8.62)
GF Value™: ₹258.09 vs. price of ₹229.87 (10.9% below fair value)
Industry Position: 57.8% above the Vehicles & Parts median (#454 of 1325)
No single metric tells the full story. See the NSE:SSWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Strips Wheels Ltd is an India-based automotive steel wheel manufacturing company. It is engaged in the designing and manufacturing business of Steel wheel rims and Alloy wheel rims catering to different segments of the automobile industry. The company operates in India and has a presence in international markets as well. The group generates the majority of its revenue from India.
86GF Score
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