Wheels India Ltd

Wheels India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Wheels India Ltd

₹ 596 1.36%
24 Apr - close price
wheelsindia.com BSE: 590073 NSE : WHEELS
About

Wheels India is engaged in the Business of Manufacture of Road Wheels , Parts & Accessories for Machinery / Equipments used by construction and mining industries and Wind Turbine Parts.
[1]

Key Points

Product Portfolio
The Co., operates in two business segments , namely automotive products and industrial products . Its diverse portfolio encompasses the Automotive Wheels Division, Construction & Mining Division, Energy Products Division, and Air Suspension & Lift Axle Division. [1]

Website BSE NSE
  • Market Cap ₹ 1,456 Cr.
  • Current Price ₹ 596
  • High / Low ₹ 855 / 505
  • Stock P/E 26.1
  • Book Value ₹ 304
  • Dividend Yield 1.17 %
  • ROCE 12.0 %
  • ROE 9.39 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 28.8%
  • Debtor days have improved from 90.4 to 68.7 days.
  • Company's working capital requirements have reduced from 59.4 days to 44.5 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.86% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
640 852 670 910 1,006 1,101 1,053 1,103 1,004 1,169 1,128 1,184 1,130
589 782 624 845 939 1,029 1,007 1,045 956 1,098 1,069 1,136 1,069
Operating Profit 51 70 45 65 67 72 46 58 48 72 59 48 62
OPM % 8% 8% 7% 7% 7% 7% 4% 5% 5% 6% 5% 4% 5%
2 1 5 1 2 7 4 2 14 4 5 5 1
Interest 13 13 15 14 17 18 20 24 24 26 28 27 27
Depreciation 22 24 22 24 24 24 16 17 17 17 19 20 20
Profit before tax 18 34 14 28 27 37 14 19 20 32 17 6 16
Tax % 32% 25% 27% 25% 24% 25% 25% 25% 25% 22% 22% 19% 23%
12 26 10 21 21 28 11 15 15 25 13 5 13
EPS in Rs 4.99 10.61 4.21 8.81 8.56 11.58 4.43 6.04 6.38 10.32 5.49 2.14 5.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,078 1,924 1,823 1,980 1,987 2,173 2,460 3,181 2,429 2,212 3,687 4,332 4,612
1,905 1,773 1,676 1,830 1,815 1,987 2,269 2,948 2,262 2,073 3,436 4,112 4,372
Operating Profit 173 151 148 150 172 186 191 233 166 139 250 220 241
OPM % 8% 8% 8% 8% 9% 9% 8% 7% 7% 6% 7% 5% 5%
2 3 2 3 2 3 22 8 10 4 14 23 15
Interest 70 55 55 59 58 48 45 62 62 53 63 92 108
Depreciation 50 54 55 54 60 64 67 70 70 81 95 66 76
Profit before tax 54 45 39 40 56 77 101 108 45 10 107 86 72
Tax % 37% 28% 27% 25% 29% 24% 29% 30% -21% 31% 25% 24%
34 32 28 30 40 58 72 76 54 7 80 65 56
EPS in Rs 4.91 4.56 11.79 12.34 16.59 24.22 29.78 31.44 22.49 2.80 33.16 27.08 23.10
Dividend Payout % 29% 25% 35% 30% 27% 27% 25% 25% 25% 36% 25% 26%
Compounded Sales Growth
10 Years: 8%
5 Years: 12%
3 Years: 21%
TTM: 8%
Compounded Profit Growth
10 Years: 8%
5 Years: 1%
3 Years: 6%
TTM: -18%
Stock Price CAGR
10 Years: 9%
5 Years: -7%
3 Years: 12%
1 Year: 17%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 12 12 12 12 12 24 24 24 24 24 24
Reserves 229 249 352 369 402 450 503 545 573 575 651 689 719
388 420 332 389 386 369 359 453 584 630 838 742 737
455 407 437 473 495 532 650 781 580 989 1,216 1,312 1,381
Total Liabilities 1,082 1,085 1,132 1,244 1,295 1,362 1,524 1,803 1,762 2,218 2,729 2,767 2,861
409 439 465 510 518 526 491 600 648 783 772 872 967
CWIP 31 54 48 12 17 22 36 42 134 43 85 70 63
Investments 19 18 17 16 17 12 16 17 17 17 14 14 11
623 574 602 706 743 802 980 1,144 963 1,376 1,857 1,811 1,820
Total Assets 1,082 1,085 1,132 1,244 1,295 1,362 1,524 1,803 1,762 2,218 2,729 2,767 2,861

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
109 148 146 84 148 155 117 175 159 138 -16 361
-62 -104 -75 -66 -69 -75 -40 -183 -199 -110 -116 -141
-47 -43 -70 -14 -82 -75 -74 -0 52 -27 122 -205
Net Cash Flow 0 0 1 4 -2 5 3 -8 12 1 -10 15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 52 55 61 68 64 73 71 64 69 117 86 69
Inventory Days 65 60 70 65 84 71 76 66 85 122 105 93
Days Payable 87 64 93 98 104 108 102 96 96 190 131 118
Cash Conversion Cycle 30 51 38 35 44 37 44 34 57 49 60 44
Working Capital Days 22 27 26 33 42 35 43 37 43 69 65 45
ROCE % 21% 15% 14% 13% 14% 15% 16% 18% 10% 5% 12% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.53% 57.53% 57.53% 57.53% 57.53% 57.53% 58.10% 58.73% 58.73% 58.31% 58.31% 58.31%
0.00% 0.00% 0.00% 0.27% 0.33% 0.40% 0.40% 0.42% 0.21% 0.26% 0.19% 0.29%
21.43% 20.10% 20.16% 19.93% 19.95% 19.98% 20.02% 20.02% 20.02% 18.81% 18.32% 13.13%
21.05% 22.38% 22.32% 22.27% 22.19% 22.09% 21.48% 20.83% 21.04% 22.61% 23.18% 28.27%
No. of Shareholders 14,27615,72816,34616,21716,19515,78515,65815,58715,35216,24516,77520,434

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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