Wheels India Ltd
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]
- Market Cap ₹ 1,518 Cr.
- Current Price ₹ 631
- High / Low ₹ 758 / 432
- Stock P/E 23.3
- Book Value ₹ 297
- Dividend Yield 1.11 %
- ROCE 12.0 %
- ROE 9.39 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 25.1%
- 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.
- Promoter holding has decreased over last 3 years: -4.54%
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,078 | 1,924 | 1,823 | 1,980 | 1,987 | 2,173 | 2,460 | 3,181 | 2,429 | 2,212 | 3,687 | 4,332 | |
1,905 | 1,773 | 1,676 | 1,830 | 1,815 | 1,987 | 2,269 | 2,948 | 2,262 | 2,073 | 3,436 | 4,112 | |
Operating Profit | 173 | 151 | 148 | 150 | 172 | 186 | 191 | 233 | 166 | 139 | 250 | 220 |
OPM % | 8% | 8% | 8% | 8% | 9% | 9% | 8% | 7% | 7% | 6% | 7% | 5% |
2 | 3 | 2 | 3 | 2 | 3 | 22 | 8 | 10 | 4 | 14 | 23 | |
Interest | 70 | 55 | 55 | 59 | 58 | 48 | 45 | 62 | 62 | 53 | 63 | 92 |
Depreciation | 50 | 54 | 55 | 54 | 60 | 64 | 67 | 70 | 70 | 81 | 95 | 66 |
Profit before tax | 54 | 45 | 39 | 40 | 56 | 77 | 101 | 108 | 45 | 10 | 107 | 86 |
Tax % | 37% | 28% | 27% | 25% | 29% | 24% | 29% | 30% | -21% | 31% | 25% | 24% |
Net Profit | 34 | 32 | 28 | 30 | 40 | 58 | 72 | 76 | 54 | 7 | 80 | 65 |
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 |
Dividend Payout % | 29% | 25% | 35% | 30% | 27% | 27% | 25% | 25% | 25% | 36% | 25% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 12% |
3 Years: | 21% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 1% |
3 Years: | 6% |
TTM: | -18% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | -8% |
3 Years: | 7% |
1 Year: | 1% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 10 | 12 | 12 | 12 | 12 | 12 | 24 | 24 | 24 | 24 | 24 | |
Reserves | 229 | 249 | 352 | 369 | 402 | 450 | 503 | 545 | 573 | 575 | 651 | 689 |
388 | 420 | 332 | 389 | 386 | 369 | 359 | 453 | 584 | 630 | 838 | 742 | |
455 | 407 | 437 | 473 | 495 | 532 | 650 | 781 | 580 | 989 | 1,216 | 1,312 | |
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 |
409 | 439 | 465 | 510 | 518 | 526 | 491 | 600 | 648 | 783 | 772 | 872 | |
CWIP | 31 | 54 | 48 | 12 | 17 | 22 | 36 | 42 | 134 | 43 | 85 | 70 |
Investments | 19 | 18 | 17 | 16 | 17 | 12 | 16 | 17 | 17 | 17 | 14 | 14 |
623 | 574 | 602 | 706 | 743 | 802 | 980 | 1,144 | 963 | 1,376 | 1,857 | 1,811 | |
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 |
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% |
Documents
Announcements
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Conference Call with the Fund Managers, Analysts and Investors - Transcript
26 May - Wheels India Ltd has informed BSE regarding " Conference Call with the Fund Managers, Analysts and Investors - Transcript".
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Reg.24(A)-Annual Secretarial Compliance
26 May - Wheels India Ltd has informed BSE regarding "Reg.24(A)-Annual Secretarial Compliance".
- Audio Recording of Conference Call with the Fund Managers, Analysts and Investors on May 22, 2023 23 May
-
Intimation of Conference Call with the Fund Managers, Analysts and Investors
19 May - Wheels India Ltd has informed BSE regarding "Intimation of Conference Call with the Fund Managers, Analysts and Investors".
- Disclosure on Related Party Transactions - Half year ended March 31, 2023 19 May
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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May 2023TranscriptPPTREC
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Nov 2022TranscriptPPT
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Aug 2021TranscriptPPT
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May 2021TranscriptPPT
Product Portfolio
It is among the largest manufacturers of steel wheel rims in the country and is present across automotive (except 2W), tractor, and earth mover segments. Further, WIL also manufactures air suspension systems for luxury buses in India, supplies fabricated and machined parts for windmills, and produces bogie frames and bogie bolsters for Indian Railways. [1]