STEEL STRIPS WHEELS LTD.

GIN : L271 07P81 985PLG0061 59

Head Office : 150/T516949 Certified
SCO 49-50, Sector 26,
Madhya Marg, Chandigarh 160 019 (lNDlA)
Tel : +91 172-2793112, 2790979, 2792385
Fax ; +91 172-2794834 | 2790887
Website : www.sswlindia.com

Date: t7.0t.2O24
BSE Limited The National Stock Exchange of India Limited
Department of CorPorate Services, Exchange Plaza, Plot No. C/7, G Block,
Phiroze JeejeebhoY Towers, Bandra-Kurla Complex, Bandra (E),
Dalal Street, Mumbai - 400 001 Mumbai - 400 051
BSE Code: 5L3262 NSE Code: SSWL

subject: Analysts/Institutional Investors Meet - SEBI (Listing obligations and

Disclosure Requirements) Regulations, 2015: Intimation
Dear Sir,

pursuant to the provisions of Regulation 30(6) of SEBI (Listing obligation and Disclosure
Requirements) Regulations, 2015, we wish lo inform you that the Company's Analysts/
Investors conference call on "Q3 FY24 Earnings Conference Call to discuss results & future
outlook of business" has been fixed. The schedule of the said conference call is as follows:

S. No. Details required Particulars

1 Details pertaining to the meet/call SvIfb Limited on Monday, 22nd
Januarv, 2A24 at 4:00 P.m.
z Venue Virtual
J Mode of attendinq Conference Call
4 Details pertaininq to registrations
5 D iscl a i mers/note to com p lete/ease reg istratio n/
attendinq the call
6 Detai.ls regarding specific platform As per details enclosed
reouirements,if anY
7 inclusions/exclusions of audience/pa rticipants,
if anv
Note: Changes to the schedule may happen due tO exigencies on part of analysts/investors or the
Company.

Further, we are also enclosing herewith the details of the conference call alongwith the
presentation to be made to the Analayst/Investors for ready reference and same shall be
accessible on the website of the Company i'e' www.sswlindia.com'

Kindly take the same on your records for reference'

Thanking you
Yours faithfully,
For Steel Strips Wheels Limited
Shaman Digitally signed by
Shaman Jindal

Jindal Date: 2024.01.17 17:32:29

+05'30'
rc Jindal)
Company Secretary

Regd. Office r Village Somalheri/Lehli, P.O. Dappar, Tehsil Derabassi, Distt. Mohali, Punjab (lndia)
Tel. : +91 (17 62) 27 5249, 27 5872, 27 517 3 Fax : +91 (17 62) 27 5228
Email : [email protected] Website : www.sswlindia.com
www.
smi
fs.
com
 STEEL STRIPS WHEELS LIMITED
Delivering Value; Seeking Excellence

Investor Presentation
January 2024
 Safe Harbour
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Steel Strips Wheels Limited (the “Company”), have bee n
prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except
by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no
representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness
of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any
liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually
and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown
risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian
economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to
successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes i n
revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels o f
activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no
obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties
included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

2
Company Overview
 Company Overview

SSWL is a leader in designing & manufacturing Automotive wheels – both Steel & Alloy Wheels category

SSWL aspires to be the Preferred Global Brand of Wheel Solution provider committed to excellence

Wheel Plants Strategic

* Partnerships -
5 Operations
Founded Excellence
Operational Foraying into EV
Wheel Capacity
in 1991 Segment
*
23
Mn+
Employee 5 Year CAGR
Steel Wheel: 20 Mn.
Alloy Wheel: 3 Mn. Strength Revenue ~ 15 %
7,000+ PAT ~ 19 %
4
* AM W Au t o C o m p o n e n t s L t d a c q u i r e d t h r o u g h N C L T l o c a t e d i n B h u j , G u j a r a t w i t h p r o j e c t e d c a p a c i t y t o b u i l d 7 M n St e e l W h e e l U n i t s i n t o t a l f o r C V , T r a c t o r a n d P V
Our Journey
Commencement of First Steel Wheels Commercial Production at Dappar Plant, Punjab
1991
Start of 2W & Tractor Wheels Production
2002
Start of LCV Wheels Commercial Production
2006
Start of Commercial Production for Exports Market by supplies of PV to PSA
2007 Peugeot Citroen, France & HCV Wheels

2008 Start of Production at Chennai Plant

Developed Semi Fullface Styled wheel for Renault

2009 Romania

Start of Commercial Production at Jamshedpur

Plant
2010
• Production Start of Truck Wheels at Chennai
Plant
• Production Start of PV Alloy Wheels at Mehsana
Plant with 1.5 Mn Capacity
2017
• Production of Hot Rolling Mills at Saraikela ,
Jharkhand primarily for backward integration for
Steel wheels
2021
Alloy Wheel Capacity Expanded to 3 Mn wheels at Mehsana Plant
2023

Logged Highest ever Turnover in FY23 of INR 4,041 Cr with ~176 Lakh wheels units Sold

5
 Strategic Partnerships

• Tata Steel Limited (through its then wholly -owned subsidiary Company namely
Kalimati Investment Company Ltd, which has now merged with Tata Steel Ltd) had
TATA Steel Limited, India
entered into a Strategic Alliance Agreement in January 2008 with SSWL

• Through this relationship, Tata Steel supports us with more flexibility in areas such
6.9 % Stake in Steel Strips as supply chain management, enjoying priorities and stronger support for new
Wheels Limited grade developments, etc

• Sumitomo Metal Industries Limited, merged with Nippon Steel Corp and now known
as Nippon Steel & Sumitomo Metal Corporation (NSSMC), has entered into a
Nippon Steel & Sumitomo
Strategic Alliance Agreement in December 2010
Metal Corporation,
Japan • This relationship helps in bringing international expertise in steel quality and newer
technology exploration
5.4 % Stake in Steel Strips
Wheels Limited • Sumitomo Group, which has 400 years of manufacturing history, founded Sumitomo
Metals in 1897 and it is one of the world’s leading steelmakers

6
% St a k e i s a s o f 3 1 s t D e c e m b e r 2 0 2 3
Our Products

I n c l . E xp o r t s
Steel Wheels – Rs. 2,375 crores (~72%) (9M FY24 Revenues)

Competitive Pricing Suitability Quick Maintenance

Robust Wheel More flexible, absorbs
Competitively priced; Requires nothing more
Steel Wheels are robust, more shock, thus suitable
have higher acceptance in than hammering the bent
fit, tough for rugged SUVs for off-road and heavy
mass vehicles portion into proper shape
duty applications

I n c l . E xp o r t s
Alloy Wheels – Rs. 914 crores (~28%) (9M FY24 Revenues)

Strength Heat dissipation

Aesthetics Free from Corrosion Alloy wheels disperse
The higher strength -to-
Have an enhanced heat better and this
weight ratio for alloy Alloy wheels are known
aesthetic appeal, higher decreases cracking and
wheels leads to greater for their ability to resist
acceptance in high value bending which also
control and precision corrosion
PVs translates to more
steering
efficient braking

7
 Product Capacities & Utilization
90% 80%
73% 77% 72%
65%
STEEL WHEELS

• Phased addition of 70
lakh steel wheel
operational capacity
270 • Resolution plan
179 186 186 205 205 205
successfully
implemented in January
2024 by payment of ~Rs
FY19 FY20 FY21 FY22 FY23 9M FY24* FY24E 138 crores

96% 100%
A L L OY W H E E L S

75% 64%
• Alloy Wheels Capacity to
15% 23% be expanded by 60% i.e.
18 Lakh Wheels to 48
36 Lakh Wheels in Phased
30 30 30 manner at Mehsana
Plant, Gujarat
15 15 15

FY19 FY20 FY21 FY22 FY23 9M FY24* FY24E

8
In Lakh Units Indicates Capacity Utilization, *9M FY24 Utilization is Annualized Indicates Total Capacity
 State-of-the-Art Facilities
Wheel
Capac ity (Mn) Catering to

PV, MUV,
Dappar, Punjab 10.8 Tractor & OTR

Corporate Office, Chandigarh

Dappar, Punjab
6+1.5
Chennai, Tamil Nadu PV & CV
7.5

Bhuj, Gujarat* Jamshedpur, Jharkhand 2.2 HCV / LCV

Jamshedpur, Jharkhand
Mehsana, Gujarat
Saraikela, Jharkhand HCV, Tractor,
Bhuj, Gujarat 7* PV
* AM W Au t o C o m p o n e n t s L t d a c q u i r e d t h r o u g h NC L T l o c a t e d i n B h u j , G u j a r a t w i t h
p r o j e c t e d c a p a c i t y t o b u i l d 7 M n St e e l W h e e l U n i t s i n t o t a l f o r C V , T r a c t o r a n d P V

Alloy Wheel Plant Mehsana, Gujarat 3.0 PV

Steel Wheel Plant

Chennai, Tamil Nadu
Corporate Office Backward Integrated
Saraikela, Jharkhand
Plant for Steel Wheels
Backward Integrated Plant
9
Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, tim eliness or completeness.
 Clientele

10
T h e B r a n d Na m e s a n d L o g o s m e n t i o n e d a r e t h e p r o p e r t y o f t h e i r r e s p e c t i v e o w n e r s a n d a r e u s e d h e r e f o r i d e n t i f i c a t i o n p u r p o s e s o n l y .
 Steel Wheels
Domestic Market Share Key Customers Key Platforms Share of Business
Maruti Suzuki Ciaz, Baleno, Scross, Brezza, Celerio 40%
S t e e l W h e e l S a l e s Vo l u m e

42% Hyundai
Mahindra
Honda
MG Motors
Venue, Xcent, Grandi10, Verna
KUV, TUV, XUV
Elevate, Amaze, City
Hector
40%
64%
95%
100% 157
(in Lakh Units)

160
148
I n c l . E xp o r t s

Passenger Vehicle Kia Seltos, Carnival, Sonet 35%

137
123 122

61% Key Customers Key Platforms

Ashok Leyland Ecomet, Ross, Viking, Cheetah

TATA Motors
Ultra
LPK1512,LPK1518,2518,3718,3118,4218
Share of Business
68%

64%
FY19 FY20 FY21 FY22 FY23 9M FY24
MHCV

S t e e l W h e e l S a l e s Va l u e

42% 70% Key Customers

Mahindra
Sonalika
Eicher
Key Platforms
Jivo, Arjun, Yuvraj, Dhruv
D1745, D16TRX, RX47
551, 548, 485
Share of Business
55%
45%
40% 97% 93%
Contribution
I n c l . E xp o r t s

Tractor OTR JCB 3DX, 4DX, Export Model 60% 81% 80%
69% 72%
New Holland 5500, 7500 40%

30%
Key Customers Key Platforms Share of Business
Piaggio Ape City, Ape Cargo 54%
HMSI Activa, Dio, Activa125, Grazia, Aviator 35% FY19 FY20 FY21 FY22 FY23 9M FY24
Suzuki Scooters Access 125 45%
2-3 Wheeler Scooter India Vikram 100%
11
 Export Profile

Exports Revenue (Rs. Crs.)

FY23 FY24

+179% +130% Russia

UK Germany
Poland
174 505 Canada Netherlands Slovakia
USA France Romania Japan
Austria Hungary
62 220 Spain S Korea
Italy
Morocco

Q3 9M Egypt U.A.E.
Thailand

Region Wise Export Revenue

Colombia
Contribution %
Brazil
74%
69%
64%
53% 56% Argentina Australia

34% 36%
25% 27%
20%
13% 11%
8% 5% 4%

FY20 FY21 FY22 FY23 9MFY24 Customers Locations

US EU RoW
12
Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, tim eliness or completeness.
Growth Drivers
Growth Drivers

Sales Mix Shift

Shift of Sales Mix towards High Margin Accretive Segments – Alloy Wheel & Exports

Operations Optimization
Development of Robotic Automated Operation process for Operating Cost Rationalization

Foray into EV Segment

Exploring various avenues to foray into EV Segment

Industry Growth
Steel Wheel Market to grow at 8% p.a. whereas Alloy Wheel Market to grow at 12% p.a. over
next 5 years

Improving Returns
Strengthening Balance Sheet thereby Improving Return on Capital Employed & Return on Equity

14
 Shift of Sales Mix to High Margin Alloy Wheels Segment

I n c r e a s e d Vo l u m e s f r o m A l l o y W h e e l S a l e s
Leading to Increased Contribution to Sales
(in Lakh Units)
I n c l . E xp o r t s
28 Volume Contribution to Total Sales Volume
Value Contribution to Total Sales Contribution 31%
22 28%
19 Va l u e
19% 20%
16%
11
11% 15%
7% 8%
3% Vo lu me
2 3
1% 2%
FY19 FY20 FY21 FY22 FY23 9M FY24 FY19 FY20 FY21 FY22 FY23 9M FY24

100% Share - Creta, Alcazar,

Verna, Aura 100% Share - Magnite
K E Y C U S TO M E R S

50% Share - Venue 100% Share - Punch

100% Share – XUV 300/700,

100% Share - Carnival

85% Share - Tigor Bolero Neo, Scorpio Refresh

50% Share - Sonnet 50% Share - Altorz

100% Share - Slavia

50% Share – Nexon

100% Share - Kiger 43% Share - Astor
15
The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only.
 Shift of Sales Mix to High Margin Exports Segment

I n c r e a s e d Vo l u m e s f r o m E x p o r t s Increased Revenues from Exports

(in Lakh Units) (Rs. Crs.)
9M FY24 Alloy Wheel Volume 9M FY24 Alloy Wheel Revenue
1.74 Lakhs unit Rs. 61.0 Crs.

55 829

+51% +61%

505
31 30

23
294
270
16 15 222
198

FY19 FY20 FY21 FY22 FY23 9M FY24 FY19 FY20 FY21 FY22 FY23 9M FY24

9 M F Y 2 4 E x p o r t s Vo l u m e a n d Re v e n u e s u r p a s s e s f u l l ye a r F Y 2 3 Vo l u m e s a n d Re v e n u e

16
 Strengthening Balance Sheet

Cash Accruals (Rs. in Crs.) Long Term Debt (Rs. in Crs.) RoCE RoE

Alloy Wheel
Capacity Addition
282 274 544 548 Preponed to
Q3 FY24 22.9%
25.9%
24.0%
17.9%
374 382
22.7%
17.0%
145
122 222 10.7%
95 8.7% 7.1%

3.6%

FY20 FY21 FY22 FY23 H1 FY24 FY20 FY21 FY22 FY23 H1 FY24 FY20 FY21 FY22 FY23 H1 FY24 FY20 FY21 FY22 FY23 H1 FY24

I n c re a s i n g C a s h A c c r u a l s t o u t i l i ze i n re p ay m e n t o f L o n g - te r m D e b t , h e n c e i m p ro v i n g Re t u r n s o n
C a p i t a l E m p l o ye d a n d Re t u r n s o n Eq u i t y

17
R o C E = E B I T / ( T o t a l A s s e t s – C u r r e n t L i a b i l i t i e s ) , R o E = P AT / T o t a l E q u i t y ( E xc l C a p i t a l R e s e r v e )
 Dividend Payout History

Dividend 15 % 15 % 15 % 20 % 30 % 30 % 40 % 40 % 0% 20 % 75 % 100 %
Declared %

15.7

11.7

6.2 6.2
4.7 4.7
Dividend
3.1 3.1
Paid (Rs in Cr) 2.3 2.3 2.3
0.0
FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20^ FY21 FY22 FY23

C o n s i ste nt D i v i d e n d p a i d b y t h e C o m p a ny

18
F a c e V a l u e p e r s h a r e : F Y 2 2 – R s 5 , u p t o F Y 2 1 – R s 1 0 . ^ C o v i d Y e a r , D i v i d e n d d e c l a r e d f o r FY 2 3
Q3 & 9M FY24 Financials
 Financial Performance Snapshot
Revenues from
EBITDA (Rs. Crs.) PAT (Rs. Crs.) Volumes
operations Revenue Mix
EBITDA Margins % PAT Margins % (in Lakh units)
(Rs. Crs.)
11.5 % 10.5 % 4.7 % 5.4 % Alloy Wheel Steel Wheel

+18.3% +8.2% +35.7% +13%

1,110 117 59 46
Q3 FY24

108 41
938 7
44 8 35% 27%

33 39 73%
65%

Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24

10.8 % 10.9 % 4.9 % 4.6 % Alloy Wheel Steel Wheel

+8.3% +5.9% +8.6% +10%

3,288 334 354 159 144
9M FY24

3,036 147 131

22 28%
21 31%

110 122 72%

69%

9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24

20
 Consolidated Profit & Loss
Particulars (Rs. in Crs) Q3 FY24 Q3 FY23 Y-o-Y 9M FY24 9M FY23 Y-o-Y

Revenue from Operations 1,110.3 938.4 18.3% 3,288.4 3,035.6 8.3%

Cost of Materials Consumed 741.5 658.4 2,178.0 2,074.3
Changes in Inventory -25.5 -68.3 -39.9 -69.4
Gross Profit 394.3 348.4 13.2% 1150.4 1030.7 11.6%
Gross Profit Margin 35.5% 37.1% 35.0% 34.0%
Employee Cost 89.9 73.9 267.7 205.2
Other Expenses 187.7 166.6 528.5 491.2
EBITDA 116.7 107.9 8.2% 354.1 334.3 5.9%
EBITDA Margin 10.5% 11.5% 10.8% 11.0%
Depreciation 22.5 20.2 67.4 60.5
Other Income 1.7 2.0 8.9 5.7
EBIT 95.9 89.7 6.9% 295.5 279.6 5.7%
EBIT Margin 8.6% 9.6% 9.0% 9.2%
Finance Cost 25.1 22.0 74.7 60.9
Share of (Profit) / Loss from Associates -0.1 0.0 -0.4 0.0
Profit before Tax 70.7 67.7 4.4% 220.5 218.7 0.8%
Profit before Tax Margin 6.4% 7.2% 6.7% 7.2%
Tax 11.3 23.9 61.3 72.2
Profit After Tax 59.4 43.8 35.7% 159.1 146.5 8.6%
Profit After Tax Margin 5.4% 4.7% 4.8% 4.8%
EPS (In Rs.) 3.79 2.80 10.16 9.37
21
Historical Financials
 Strengthening Balance Sheet

Cash Conversion Cycle

Inventory Debtors Creditors

In Days 98 103 56 48 55

167

123
108 106 100
84 90
77
63 67
37 43
33 25 32

Mar-20 Mar-21 Mar-22 Mar-23 Sep-23

RoCE* RoE* Cash & Cash

Equivalents*

23% 17% Rs. 36.7 Crs.

23
* As o n 3 0 t h S e p t e m b e r 2 0 2 3
 Performance Ratios
Return on Equity (RoE) Return on Capital Employed (RoCE) Fixed Asset Turnover Ratio

Increased from 13% in FY19 to 17% Increased from 15% in FY19 to 23% Improved from 1.5 in FY19 to 3.3
in H1 FY24 in H1 FY24 in H1 FY24
23% 26% 3.3
24% 23% 3.0
18% 17% 2.6
13 15
11% 1.5 1.4
7% 9% 1.2
4%

FY19 FY20 FY21 FY22 FY23 H1FY24 FY19 FY20 FY21 FY22 FY23 H1FY24 FY19 FY20 FY21 FY22 FY23 H1FY24

Debt / EBITDA Debt / Equity Current Ratio

Improved from 3.29 in FY19 to 1.63 Improved from 1.27 in FY19 to 0.68 Improved from 0.93 in FY19 to 1.01
in H1 FY24 in H1 FY24 in H1 FY24

4.71 1.27 1.30 0.97 0.96 1.00 0.97 1.01

4.02 1.18 0.93
3.29
0.76 0.68
1.55 1.63 0.52
1.31

FY19 FY20 FY21 FY22 FY23 H1FY24 FY19 FY20 FY21 FY22 FY23 H1FY24 FY19 FY20 FY21 FY22 FY23 H1FY24 24
 Historical Profit and Loss
Profit and Loss (Rs in Crs) FY23 FY22 FY21 FY20 FY19
Revenue from Operations 4,040.5 3,560.0 1,749.4 1,563.3 2,041.2
Cost of Materials Consumed 2,688.3 2,221.6 1,082.4 973.3 1,353.7
Changes in Inventory -24.7 -34.5 16.7 -7.1 -49.8
Gross Profit 1,376.9 1,372.8 650.3 597.1 737.3
Gross Profit Margin 34.1% 38.6% 37.2% 38.2% 36.1%
Employee Cost 283.7 218.7 152.9 156.1 188.3
Other Expenses 650.4 701.4 293.6 269.7 303.2
EBITDA 442.8 452.8 203.8 171.2 245.9
EBITDA Margin 11.0% 12.7% 11.6% 11.0% 12.0%
Depreciation 80.4 76.9 72.3 71.9 61.9
Other Income 12.4 13.0 16.3 22.1 17.5
EBIT 374.8 388.9 147.8 121.4 201.4
EBIT Margin 9.3% 10.9% 8.5% 7.8% 9.9%
Finance Cost 83.5 85.4 83.9 88.7 92.5
Profit before Tax 291.2 303.5 63.8 32.7 108.9
Profit before Tax Margin 7.2% 8.5% 3.6% 2.1% 5.3%
Tax 97.3 97.8 14.6 11.4 25.4
Prior Period Adjustment 0.1 0.3 0.0 -2.2 1.1
Profit After Tax 193.8 205.5 49.3 23.4 82.4
Profit After Tax Margin 4.8% 5.8% 2.8% 1.5% 4.0%
EPS 12.39 13.16 3.16 1.50 5.29

25
 Balance Sheet
Assets (Rs. in Crs) FY23 FY22 FY21 FY20 FY19 Equity & Liabilities (Rs. in Crs) FY23 FY22 FY21 FY20 FY19

Non - Current Assets 1,603.1 1,497.0 1,425.9 1,412.8 1,400.7 Total Equity 1,134.7 951.8 749.3 698.0 659.9
Share Capital 15.7 15.6 15.6 15.6 15.6
Property Plant & Equipments 1,347.3 1,358.3 1,257.4 1,304.7 1,327.5
Other Equity 1,119.1 936.2 733.7 682.4 644.3
CWIP 163.4 96.9 109.3 85.5 52.8
Share application money pending allotment 0.0 0.0 0.0 0.0 21.8
Intangible assets 1.3 1.3 1.8 1.8 1.7 Non-Current Liabilities 431.4 548.4 635.1 690.8 659.4
Financial Assets 36.8 30.3 20.7 19.5 17.4 Financial Liabilities
Other Non - Current Assets 54.4 10.1 36.7 1.3 1.4 (i) Borrowings 161.1 279.3 379.8 441.8 458.1

Current Assets 1,178.3 1,204.6 950.8 766.3 752.7 (ii) Other Financial Liabilities 68.3 75.1 80.1 81.8 62.3
Provisions 30.5 23.5 11.5 13.7 13.3
Inventories 734.0 647.0 496.5 329.3 338.1
Deferred Tax Liabilities ( Net) 171.6 170.6 163.7 153.5 125.7
Financial Assets
Current Liabilities 1,215.2 1,201.3 992.3 790.4 812.3
(i) Trade receivables 348.8 392.3 257.1 209.8 194.0
Financial Liabilities
(ii) Cash and cash equivalents 18.3 23.2 27.9 31.6 36.2
(i) Borrowings 477.2 498.6 557.5 456.6 392.9
(iii) Bank Balance & Other than
25.7 34.7 25.3 60.2 84.8
above (ii) Trade Payables 694.8 659.1 412.2 213.6 257.3
(iv) Loans 4.8 4.1 2.8 3.0 2.8 (iii) Other Financial Liabilities 0.0 0.0 0.0 102.7 136.6
(v) Other Financial Assets 0.0 0.0 0.5 1.5 1.8 Current tax liabilities (net) 0.0 1.8 0.0 0.0 1.4

Current Tax Assets (Net) 3.9 0.0 2.3 2.5 0.0 Provisions 5.1 4.6 6.6 2.7 2.3

Other Current Assets 42.9 103.2 138.4 128.4 95.0 Other current liabilities 38.1 37.2 16.0 14.8 21.8

Total Assets 2,781.4 2,701.6 2,376.7 2,179.1 2,153.4 Total Equity & Liabilities 2,781.4 2,701.6 2,376.7 2,179.1 2,153.4

26
 Cash Flow - Snapshot

Particulars (Rs. in Crs) FY23 FY22 FY21 FY20 FY19

Net Profit Before Tax 288.6 300.9 63.9 32.3 108.7

Adjustments for: Non -Cash Items / Other Investment or Financial Items 154.8 150.9 144.5 152.3 148.1

Operating profit before working capital changes 443.4 451.8 208.4 184.7 256.8

Changes in working capital -47.7 0.5 -24.7 -71.5 -46.5

Cash generated from Operations 395.7 452.3 183.7 113.1 210.3

Direct taxes paid (net of refund) 47.6 46.2 14.6 9.3 26.5

Net Cash from Operating Activities 348.1 406.1 169.1 103.9 183.8

Net Cash from Investing Activities -127.9 -153.5 -37.1 -69.3 -80.5

Net Cash from Financing Activities -234.1 -247.9 -170.6 -63.9 -112.9

Net Increase/(Decrease) in Cash and Cash equivalents -13.9 4.7 -38.5 -29.3 -9.6

Add: Cash & Cash equivalents at the beginning of the period 57.9 53.2 91.7 121.0 130.6

Cash & Cash equivalents at the end of the period 43.9 57.9 53.2 91.7 121.0

27
 Consolidated Balance Sheet
Assets (Rs. in Crs) Sep-23 Mar-23 Equity & Liabilities (Rs. in Crs) Sep-23 Mar-23

Non - Current Assets 1,749.8 1,603.1 Total Equity 1,223.1 1,134.7

Share Capital 15.7 15.7
Property Plant & Equipments 1,301.6 1,347.3
Other Equity 1,207.4 1,119.1
CWIP 353.3 163.4
Share application money pending allotment 0.0 0.0
Intangible assets 1.3 1.3
Non-Current Liabilities 533.8 431.4
Financial Assets 38.4 36.8
Financial Liabilities
Other Non - Current Assets 55.3 54.4
(i) Borrowings 282.5 161.1
Current Assets 1,249.5 1,178.3 (ii) Other Financial Liabilities 50.5 68.3
Inventories 705.8 734.0 Provisions 31.7 30.5

Financial Assets Deferred Tax Liabilities ( Net) 169.2 171.6

(i) Trade receivables 464.9 348.8 Current Liabilities 1,242.5 1,215.2

Financial Liabilities
(ii) Cash and cash equivalents 10.7 18.3
(i) Borrowings 553.9 477.2
(iii) Bank Balance & Other than above 26.0 25.7
(ii) Trade Payables 644.6 694.8
(iv) Loans 6.3 4.8
(iii) Other Financial Liabilities 0.0 0.0
(v) Other Financial Assets 0.0 0.0
Current tax liabilities (net) 5.6 0.0
Current Tax Assets (Net) 0.0 3.9
Provisions 6.2 5.1
Other Current Assets 35.8 42.9 Other current liabilities 32.2 38.1
Total Assets 2,999.3 2,781.4 Total Equity & Liabilities 2,999.3 2,781.4

28
CSR & Awards
 CSR
Promotion of Education by strengthening
government schools & helping poor students by
providing Financial Assistance & providing
access to education to Orphan Children who
lost their parents due to Covid -19

Providing help to the Mentally Strengthening Community Health

Challenged Children in getting special Centre at Lalru, Punjab by providing
life skills education to make them self- essential medical machineries,
dependable and able to manage the equipment's and other items to deal
real-life situations at home, in the with Covid-19 & other health problems
community and at workplace

Initiated projects worth Ensuring environment

8MW in Solar and wind sustainability through
power energy to convert developing & maintaining
from fossil fuel energy. We green park & cleaning
expect all of them to be on activities. Construction,
Renovation & Beautification of
stream in FY 2022-23 to
government schools
move towards the ESG goal

Gi v i n g B ac k to S o c i et y i s O u r Co re Val u e
30
Awards

Best Quality Performance Best Localization Award for the Year 2022
- JCB - Hyundai Motor India Limited

31
 THANK YOU
Company: Steel Strips Wheels Limited Investor Relations: Strategic Growth Advisors (SGA)
CIN: L2710PB1985PLC006159 CIN: U74140MH2010PTC204285

Mr. Naveen Sorot (CFO)/ Mr. Mohan Joshi (ED) Mr. Harsh Shah / Mr. Deven Dhruva
[email protected] [email protected] / [email protected]
Tel: +91-172 2790979 Tel: +91 97689 74808 / +91 98333 73300