Steel Strips Wheels Posts Record October Net Turnover of Rs 647.05 Crore

Steel Strips Wheels Ltd reported net turnover of Rs 647.05 crore for October 2026, up 55.58% from Rs 415.90 crore a year earlier, according to Autocar Professional. Gross sales turnover rose 56.69% to Rs 753.65 crore from Rs 480.99 crore.

Steel Strips Wheels' Fourth Straight Record Month

The October figure surpassed the company's previous record of Rs 625.81 crore in September 2026, making it the fourth consecutive month of highest-ever monthly sales turnover. Overall sales volume rose 29% year on year while value growth stood at 56%, per the stock exchange filing dated November 2, 2026.

Aluminium products recorded their highest-ever monthly sales, with value up 66% and volumes up 26%, which the company linked to premium passenger vehicle and SUV demand and higher capacity utilisation at its Mehsana plant. Commercial vehicle sales value rose 53% and volumes 41%, supported by freight movement, fleet utilisation and industrial activity. Passenger car steel wheel sales increased 40% by value and 24% by volume on OEM offtake ahead of the festive season.

Exports rose 179% in sales value and 106% in volumes on demand across international OEM contracts. The two- and three-wheeler segment, including electric vehicle applications, grew 89% in value and 54% in volumes. Tractor sales rose 18% by value and 10% by volume.

Shanghai Metals Market also reported the 66% aluminium sales value increase and the fourth consecutive monthly record, and noted that the company approved a Rs 1,400-crore greenfield plant in Maharashtra.

Steel Strips Wheels' Record Run Through 2026

On October 23, 2026, the board approved a greenfield plant in Chhatrapati Sambhajinagar, Maharashtra, with an estimated Rs 1,400 crore expenditure over 60 months, adding 1.3 million alloy wheels, 2.5 million steel wheels and 1.6 million hot stamping strokes annually, Autocar Professional reported. Business Standard reported that shares rose 19% to ₹467.30 on October 23 after Q2FY27 results showed revenue growth of 60.75% to ₹1,929.92 crore and profit after tax of ₹116.94 crore.

ScanX reported September 2026 net turnover of ₹625.81 crore, up 52.41% year on year, with export value up 154%. Business Standard reported August 2026 net turnover of Rs 592.92 crore, up 53.62% from Rs 385.98 crore, with truck segment growth of 53%, aluminium products 73% and exports 63%.

What Comes Next for Steel Strips Wheels

The Rs 1,400 crore Chhatrapati Sambhajinagar plant is planned for expenditure over 60 months, as stated in the October 23, 2026 board approval reported by Autocar Professional.