Wheels India Ltd

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

Wheels India Ltd

₹ 1,584 5.04%
10 Jun - 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[1]
Automotive Wheels Division (covering cars, trucks, and tractors), Construction Equipment Division (which provides for wheels, fabrications, and hydraulic cylinders), Energy Products Division (focused on the wind turbine sector and railways), and Air Suspension & Lift Axle Division. Additionally, their subsidiary, WCWL, manufactures steel wheels for light passenger vehicle

Website BSE NSE
  • Market Cap ₹ 3,869 Cr.
  • Current Price ₹ 1,584
  • High / Low ₹ 1,744 / 705
  • Stock P/E 27.9
  • Book Value ₹ 399
  • Dividend Yield 0.91 %
  • ROCE 17.9 %
  • ROE 15.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 83.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.2%

Cons

  • Company has a low return on equity of 12.5% 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,168 1,128 1,184 1,130 1,164 1,083 1,084 1,057 1,192 1,183 1,173 1,280 1,462
1,099 1,069 1,136 1,069 1,071 1,009 1,008 978 1,095 1,098 1,089 1,190 1,345
Operating Profit 70 59 48 62 93 74 76 79 97 85 84 91 117
OPM % 6% 5% 4% 5% 8% 7% 7% 7% 8% 7% 7% 7% 8%
4 5 5 1 3 6 1 1 3 4 6 7 9
Interest 27 28 27 27 27 26 28 28 28 29 28 28 27
Depreciation 18 19 20 20 20 21 21 22 23 25 25 27 30
Profit before tax 29 17 6 16 49 33 29 30 48 36 37 43 70
Tax % 22% 22% 19% 23% 25% 23% 25% 25% 26% 26% 25% 25% 25%
22 13 5 13 37 25 22 23 36 26 28 32 52
EPS in Rs 9.30 5.49 2.14 5.15 15.07 10.38 8.97 9.24 14.73 10.82 11.37 13.12 21.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,980 1,987 2,173 2,460 3,181 2,429 2,212 3,687 4,321 4,607 4,415 5,098
1,830 1,815 1,987 2,269 2,948 2,262 2,073 3,436 4,099 4,343 4,089 4,721
Operating Profit 150 172 186 191 233 166 139 250 223 264 327 378
OPM % 8% 9% 9% 8% 7% 7% 6% 7% 5% 6% 7% 7%
3 2 3 22 8 10 4 14 24 12 10 26
Interest 59 58 48 45 62 62 53 63 96 108 110 112
Depreciation 54 60 64 67 70 70 81 95 68 79 86 107
Profit before tax 40 56 77 101 108 45 10 107 82 89 141 185
Tax % 25% 29% 24% 29% 30% -21% 31% 25% 24% 24% 25% 25%
30 40 58 72 76 54 7 80 62 68 106 139
EPS in Rs 12.34 16.59 24.22 29.78 31.44 22.49 2.80 33.16 25.96 27.78 43.32 56.71
Dividend Payout % 30% 27% 27% 25% 25% 25% 36% 25% 27% 27% 27% 25%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 6%
TTM: 15%
Compounded Profit Growth
10 Years: 13%
5 Years: 83%
3 Years: 31%
TTM: 31%
Stock Price CAGR
10 Years: 10%
5 Years: 21%
3 Years: 35%
1 Year: 108%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 12%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 12 12 12 12 24 24 24 24 24 24 24 24
Reserves 369 402 450 503 545 573 575 651 680 770 847 950
389 386 369 359 453 584 630 838 776 727 716 753
473 495 532 650 781 580 989 1,216 1,325 1,341 1,420 1,568
Total Liabilities 1,244 1,295 1,362 1,524 1,803 1,762 2,218 2,729 2,805 2,861 3,008 3,296
510 518 526 491 600 648 783 772 933 978 1,174 1,386
CWIP 12 17 22 36 42 134 43 85 70 75 46 63
Investments 16 17 12 16 17 17 17 14 9 12 24 49
706 743 802 980 1,144 963 1,376 1,857 1,793 1,796 1,763 1,797
Total Assets 1,244 1,295 1,362 1,524 1,803 1,762 2,218 2,729 2,805 2,861 3,008 3,296

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
84 148 155 117 175 159 138 -16 359 314 400 464
-66 -69 -75 -40 -183 -199 -110 -116 -145 -141 -255 -277
-14 -82 -75 -74 -0 52 -27 122 -210 -140 -146 -176
Net Cash Flow 4 -2 5 3 -8 12 1 -10 4 33 -0 11
Free Cash Flow 16 74 78 20 -11 -42 26 -133 211 173 151 205
CFO/OP 64% 92% 94% 77% 85% 103% 92% 4% 166% 129% 126% 132%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 68 64 73 71 64 69 117 86 64 57 66 57
Inventory Days 65 84 71 76 66 85 122 105 99 93 88 75
Days Payable 98 104 108 102 96 96 190 131 119 117 132 127
Cash Conversion Cycle 35 44 37 44 34 57 49 60 44 34 22 4
Working Capital Days 5 15 10 20 12 9 17 7 -4 0 -4 -13
ROCE % 13% 14% 15% 16% 18% 10% 5% 12% 12% 13% 16% 18%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025 Mar 2027 (P)
Return on Net Worth (RONW)
%

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ROCE
%
Total Manufacturing Capacity (Aluminium Alloy Wheels)
million units
Renewable Energy Mix
%
Cast Aluminium Hub Capacity
wheels per month
Domestic Market Share - Agriculture Tractors
%
Domestic Market Share - Commercial Vehicles
%
Domestic Market Share - Light Commercial Vehicles (LCV)
%
Domestic Market Share - Medium & Heavy Commercial Vehicles (M&HCV)
%
Domestic Market Share - Passenger Vehicles (Steel)
%
Power Consumption Reduction per ton
%
Total Manufacturing Capacity (Steel Wheel Rims)
million units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.73% 58.31% 58.31% 58.31% 58.31% 58.31% 58.31% 58.31% 58.31% 58.31% 58.31% 58.31%
0.21% 0.26% 0.19% 0.29% 0.81% 0.42% 0.34% 0.38% 0.57% 1.08% 1.18% 1.15%
20.02% 18.81% 18.32% 13.13% 12.16% 11.99% 11.68% 11.68% 11.64% 10.68% 9.81% 9.64%
21.04% 22.61% 23.18% 28.27% 28.72% 29.28% 29.67% 29.63% 29.48% 29.93% 30.70% 30.91%
No. of Shareholders 15,35216,24516,77520,43421,22622,68623,19323,65722,87322,55822,67822,677

* 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.

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