SSWL Posts Stellar Growth in June 2026; Net Turnover Rises 36.84% YoY
Steel Strips Wheels Limited (SSWL) reported a significant performance for June 2026, achieving robust growth across its business segments and registering an exceptional rise in Net Turnover. The results reflect broad-based strength from the Truck, Tractor, and EV-linked sectors, alongside a crucial positive turnaround in exports.According to company reports, SSWL’s Cross Turnover stood at Rs. 554.10 Cr for June 2026, up from Rs. 426.31 Cr recorded in June 2025, translating to a steady Year-on-Year (YoY) expansion of 29.98%. Net Turnover reached Rs. 479.87 Cr, compared against Rs. 350.67 Cr in the previous fiscal year, marking a strong YoY increase of 36.84%. The company also noted that Monthly Alloy Products Sales sustained strong traction, growing by 23% YoY by volume.
Segment Drivers and Market Trends
The superior performance this month was attributed to an efficient mix of rapid macro-segment adoption, resilience in rural demand, product premiumization, and a notable recovery in international export economics.The Truck vertical emerged as a highlight, posting a substantial 54% growth by Value and 39% growth by Volume YoY. This expansion reinforces SSWL's positioning within the medium and heavy commercial vehicle wheel segment amid robust freight demand and a firming commercial vehicle replacement cycle.
In the agricultural sector, the Tractor segment continued its strong run, delivering 34% growth in Value and 27% growth in Volume YoY. Healthy rural cash flows and sustained farm mechanization demand continue to support this performance.
The fastest-growing engine was the 2 & 3 Wheelers segment, which recorded a phenomenal 74% growth by value and 40% growth by volume. This high value growth indicates an aggressive pivot toward higher-margin product delivery, significantly supported by accelerated market adoption of Electric Vehicles (EVs).
The Alloy Segment showcased a clear trend of premiumization, with Value growing at 35% and Volume increasing by 21%. The Passenger Car segment maintained a steady trajectory, reporting 9% growth in value and 11% growth in volume.
Exports Turn Positive After Prolonged Subdued Period
Exports registered a notable inflection this month—the first meaningful valueside recovery after a prolonged period of subdued performance. Exports saw a 7% positive growth by value YoY. This recovery came despite ongoing international logistics constraints, which resulted in a 39% decline in export volumes.The segment-wise sales performance for June 2026 is detailed below:
| Segment | June-26 Growth (by Value) (YoY) | June-26 Growth (by Volume) (YoY) |
|---|---|---|
| 2 & 3 Wheelers (incl. EV) | 14% | 40% |
| Truck | 54% | 39% |
| Alloy Segment | 35% | 21% |
| Tractor | 34% | 27% |
| Passenger Car | 9% | 11% |
| Exports | 7% | -39% |
| Overall Business | 37% | 23% |
SSWL Stock Price Movement
Today, shares of Steel Strips Wheels Limited edged higher, settling at ₹246.98 after gaining 7.16%. The stock traded within a range of ₹230.34 to ₹248.1 during the session, with 2.67 million shares transacted today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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