Integrated Filing — IndAS

General information about company
Scrip Code	513262
NSE Symbol	SSWL
MSEI Symbol	NOTLISTED
ISIN	INE802C01033
Name of company	STEEL STRIPS WHEELS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	15-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	06-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	AUTO COMPONENTS
Start date and time of board meeting	15-May-2025   11:00:00
End date and time of board meeting	15-May-2025   14:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	12339316000	44289983000
	Other income	10101000	31676000
	Total income	12349417000	44321659000
2	Expenses
(a)	Cost of materials consumed	8070155000	28780868000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	110615000	-198929000
(d)	Employee benefit expense	978697000	3798673000
(e)	Finance costs	294784000	1172430000
(f)	Depreciation, depletion and amortisation expense	276066000	1111326000
(f)	Other Expenses
1	Other Expenses	1837896000	7065972000
	Total other expenses	1837896000	7065972000
	Total expenses	11568213000	41730340000
3	Total profit before exceptional items and tax	781204000	2591319000
4	Exceptional items	0	0
5	Total profit before tax	781204000	2591319000
6	Tax expense
7	Current tax	226557000	660016000
8	Deferred tax	-52853000	-22933000
9	Total tax expenses	173704000	637083000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	607500000	1954236000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	-910000	-1391000
16	Total profit (loss) for period	606590000	1952845000
17	Other comprehensive income net of taxes	-6182000	-7770000
18	Total Comprehensive Income for the period	600408000	1945075000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	0	0
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	0	0
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	156929000	156929000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		15380348000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	3.87	12.44
	Diluted earnings (loss) per share from continuing operations	3.85	12.39
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	3.87	12.44
	Diluted earnings (loss) per share from continuing and discontinued operations	3.85	12.39
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1.The above audited consolidated financial results have been reviewed and recomended by Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 15th May, 2025. The statutory auditors have expressed an unmodified opinion on these results.2.The Chief Operating Decision Maker CODM reviews the operations of the company as a whole, hence there are no reportable segments as per Ind AS 108 Operating Segments.3. These audited consolidated financial results of the Company have been prepared in accordance with the Indian Accounting Standards IND AS as notified by Ministry of Corporate Affairs pursuant to Section 133 of the Companies Act 2013 read with Rule 3 of the Companies Indian Accounting Standard Rules, 2015, Companies Indian Accounting Standards amendment rules 2016 and in terms of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, SEBI circular CIRCFTFAC622016 dated July 05, 2016 and other accounting principles generally accepted in India.4.The Board of Directors of company have recommended a final dividend at rate of 125percent i.e. Rs. 1.25 per fully paid up equity share of face value of Rs.1 subject to the approval of shareholders at the ensuing Annual General Meeting AGM of the Company.5.The figures for the coresponding previous periods have been restated regrouped, wherever necessary, to make them comparable.The figures of last quarters are the balancing figures between audited figures in respect of full financial year and the published year to date figures upto the third quarter of the current financial year which were subject to limited review by the statutory auditors.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	17806858000
	Capital work-in-progress	2877658000
	Investment property
	Goodwill	0
	Other intangible assets	7758000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	104880000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	137466000
	Total non-current financial assets	242346000
	Deferred tax assets (net)
	Other non-current assets	298859000
	Total non-current assets	21233479000
2	Current assets
	Inventories	7427619000
	Current financial asset
	Current investments	0
	Trade receivables, current	4863738000
	Cash and cash equivalents	74424000
	Bank balance other than cash and cash equivalents	26526000
	Loans, current	37777000
	Other current financial assets
	Total current financial assets	5002465000
	Current tax assets (net)	34750000
	Other current assets	290815000
	Total current assets	12755649000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	33989128000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	156929000
	Other equity	16099872000
	Total equity attributable to owners of parent	16256801000
	Non controlling interest
	Total equity	16256801000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	2786215000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	195468000
	Total non-current financial liabilities	2981683000
	Provisions, non-current	61661000
	Deferred tax liabilities (net)	982859000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	4026203000
	Current liabilities
	Current financial liabilities
	Borrowings, current	5490143000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	358668000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	7171460000
	Total Trade payable	7530128000
	Other current financial liabilities	4736000
	Total current financial liabilities	13025007000
	Other current liabilities	619243000
	Provisions, current	61874000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	13706124000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	17732327000
	Total equity and liabilites	33989128000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Re-measurement gains (losses) on defined plans	-8256000	-10384000
	Total Amount of items that will not be reclassified to profit and loss	-8256000	-10384000
2	Income tax relating to items that will not be reclassified to profit or loss	-2074000	-2614000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	-6182000	-7770000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2591319000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1172430000
	Adjustments for decrease (increase) in inventories			-458099000
	Adjustments for decrease (increase) in trade receivables, current			-466436000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1530540000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1111326000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-44588000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			362272000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			22297000
	Adjustments for share-based payments			46286000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-6388000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			3225046000
	Net cash flows from (used in) operations			5816365000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			650000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			5166365000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			69309000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			213088000
	Purchase of property, plant and equipment			2123452000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			22297000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-1957376000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			2204977000
	Payments of lease liabilities			2964000
	Dividends paid			156929000
	Interest paid			1171977000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-3536847000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-327858000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-327858000
	Cash and cash equivalents cash flow statement at beginning of period			428808000
	Cash and cash equivalents cash flow statement at end of period			100950000