Wheels India Ltd

About

Wheels India is engaged in Business of Manufacture of Road Wheels.

  • Market Cap 949 Cr.
  • Current Price 395
  • High / Low 723 / 279
  • Stock P/E
  • Book Value 233
  • Dividend Yield 1.43 %
  • ROCE 9.63 %
  • ROE 9.28 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 25.23%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of 4.17% over past five years.
  • Company has a low return on equity of 11.93% for last 3 years.
  • Promoter holding has decreased over last 3 years: -19.90%
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
591.97 699.62 746.28 795.79 786.03 852.93 711.96 593.15 583.24 540.21 210.52 509.12
547.76 649.88 691.11 742.52 730.39 791.48 662.31 553.12 542.49 505.55 233.38 470.08
Operating Profit 44.21 49.74 55.17 53.27 55.64 61.45 49.65 40.03 40.75 34.66 -22.86 39.04
OPM % 7.47% 7.11% 7.39% 6.69% 7.08% 7.20% 6.97% 6.75% 6.99% 6.42% -10.86% 7.67%
Other Income 0.89 5.46 2.31 9.49 1.16 2.13 1.35 2.48 2.90 4.51 1.51 1.72
Interest 10.33 11.14 12.38 15.23 17.00 17.39 16.47 15.47 14.48 15.11 13.31 12.70
Depreciation 16.10 17.36 17.80 17.16 17.47 17.78 18.12 16.87 16.92 18.29 16.53 18.57
Profit before tax 18.67 26.70 27.30 30.37 22.33 28.41 16.41 10.17 12.25 5.77 -51.19 9.49
Tax % 30.85% 27.08% 34.03% 25.35% 31.62% 30.62% 29.19% -181.91% 24.90% 19.93% 25.32% 21.71%
Net Profit 12.91 19.47 18.01 22.67 15.27 19.71 11.62 28.67 9.20 4.62 -38.23 7.43
EPS in Rs 5.36 8.08 7.47 9.42 6.35 8.19 4.83 11.91 3.82 1.92 -15.89 3.09
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,126 1,240 1,701 2,078 1,924 1,823 1,980 1,987 2,173 2,460 3,181 2,429 1,843
1,054 1,160 1,571 1,905 1,773 1,676 1,830 1,815 1,987 2,269 2,948 2,262 1,752
Operating Profit 72 80 130 173 151 148 150 172 186 191 233 166 92
OPM % 6% 6% 8% 8% 8% 8% 8% 9% 9% 8% 7% 7% 5%
Other Income 38 12 3 2 3 2 3 2 3 22 8 10 11
Interest 47 38 54 70 55 55 59 58 48 45 62 62 56
Depreciation 34 33 46 50 54 55 54 60 64 67 70 70 70
Profit before tax 29 20 33 54 45 39 40 56 77 101 108 45 -24
Tax % 28% 36% 24% 37% 28% 27% 25% 29% 24% 29% 30% -21%
Net Profit 21 13 25 34 32 28 30 40 58 72 76 54 -17
EPS in Rs 3.03 1.85 3.53 4.91 4.56 11.79 12.34 16.59 24.22 29.78 31.44 22.49 -7.06
Dividend Payout % 26% 34% 26% 29% 25% 35% 30% 27% 27% 25% 25% 25%
Compounded Sales Growth
10 Years:7%
5 Years:4%
3 Years:4%
TTM:-37%
Compounded Profit Growth
10 Years:15%
5 Years:13%
3 Years:-2%
TTM:-123%
Stock Price CAGR
10 Years:17%
5 Years:-8%
3 Years:-22%
1 Year:-40%
Return on Equity
10 Years:11%
5 Years:12%
3 Years:12%
Last Year:9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
10 10 10 10 10 12 12 12 12 12 24 24 24
Reserves 183 190 208 229 249 352 369 402 450 503 545 573 537
Borrowings 382 374 330 388 420 332 389 386 369 359 453 584 486
224 288 407 455 407 437 473 495 532 650 781 580 751
Total Liabilities 798 863 954 1,082 1,085 1,132 1,244 1,295 1,362 1,524 1,803 1,762 1,798
325 404 413 409 439 465 510 518 526 491 600 648 635
CWIP 78 22 17 31 54 48 12 17 22 36 42 134 176
Investments 15 11 15 19 18 17 16 17 12 16 17 17 17
381 425 510 623 574 602 706 743 802 980 1,144 963 970
Total Assets 798 863 954 1,082 1,085 1,132 1,244 1,295 1,362 1,524 1,803 1,762 1,798

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
62 75 141 109 148 146 84 148 155 117 175 159
-88 -52 -51 -62 -104 -75 -66 -69 -75 -40 -183 -199
26 -21 -91 -47 -43 -70 -14 -82 -75 -74 -0 52
Net Cash Flow 0 2 -1 0 0 1 4 -2 5 3 -8 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 10% 10% 15% 21% 15% 14% 13% 14% 15% 16% 18% 10%
Debtor Days 53 58 48 52 55 61 68 64 73 71 64 69
Inventory Turnover 5.71 6.00 6.58 6.38 5.88 5.81 6.04 5.18 5.27 5.68 6.28 4.46

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
75.00 74.99 75.00 75.00 60.77
0.06 0.06 0.06 0.06 0.06
8.77 8.95 8.96 8.98 8.98
16.17 15.99 15.98 15.96 30.19

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