Wheels India Ltd

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

Wheels India Ltd

₹ 741 -0.75%
13 Dec - 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 ₹ 1,810 Cr.
  • Current Price ₹ 741
  • High / Low ₹ 915 / 548
  • Stock P/E 18.7
  • Book Value ₹ 337
  • Dividend Yield 1.00 %
  • ROCE 13.2 %
  • ROE 9.05 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 26.2%
  • Company's working capital requirements have reduced from 48.9 days to 37.2 days

Cons

  • Company has a low return on equity of 10.1% 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
910 1,006 1,101 1,053 1,103 1,004 1,168 1,128 1,184 1,130 1,164 1,083 1,084
845 939 1,029 1,007 1,045 956 1,099 1,069 1,136 1,069 1,071 1,009 1,008
Operating Profit 65 67 72 46 58 48 70 59 48 62 93 74 76
OPM % 7% 7% 7% 4% 5% 5% 6% 5% 4% 5% 8% 7% 7%
1 2 7 4 2 14 4 5 5 1 3 6 1
Interest 14 17 18 20 24 24 27 28 27 27 27 26 28
Depreciation 24 24 24 16 17 17 18 19 20 20 20 21 21
Profit before tax 28 27 37 14 19 20 29 17 6 16 49 33 29
Tax % 25% 24% 25% 25% 25% 25% 22% 22% 19% 23% 25% 23% 25%
21 21 28 11 15 15 22 13 5 13 37 25 22
EPS in Rs 8.81 8.56 11.58 4.43 6.04 6.38 9.30 5.49 2.14 5.15 15.07 10.38 8.97
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,924 1,823 1,980 1,987 2,173 2,460 3,181 2,429 2,212 3,687 4,321 4,607 4,461
1,773 1,676 1,830 1,815 1,987 2,269 2,948 2,262 2,073 3,436 4,099 4,343 4,156
Operating Profit 151 148 150 172 186 191 233 166 139 250 223 264 305
OPM % 8% 8% 8% 9% 9% 8% 7% 7% 6% 7% 5% 6% 7%
3 2 3 2 3 22 8 10 4 14 24 12 12
Interest 55 55 59 58 48 45 62 62 53 63 96 108 107
Depreciation 54 55 54 60 64 67 70 70 81 95 68 79 81
Profit before tax 45 39 40 56 77 101 108 45 10 107 82 89 128
Tax % 28% 27% 25% 29% 24% 29% 30% -21% 31% 25% 24% 24%
32 28 30 40 58 72 76 54 7 80 62 68 97
EPS in Rs 4.56 11.79 12.34 16.59 24.22 29.78 31.44 22.49 2.80 33.16 25.96 27.78 39.57
Dividend Payout % 25% 35% 30% 27% 27% 25% 25% 25% 36% 25% 27% 27%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 28%
TTM: -1%
Compounded Profit Growth
10 Years: 9%
5 Years: -2%
3 Years: 116%
TTM: 72%
Stock Price CAGR
10 Years: 5%
5 Years: 4%
3 Years: 3%
1 Year: 8%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 10%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 12 12 12 12 12 24 24 24 24 24 24 24
Reserves 249 352 369 402 450 503 545 573 575 651 680 770 799
420 332 389 386 369 359 453 584 630 838 776 727 713
407 437 473 495 532 650 781 580 989 1,216 1,325 1,341 1,275
Total Liabilities 1,085 1,132 1,244 1,295 1,362 1,524 1,803 1,762 2,218 2,729 2,805 2,861 2,812
439 465 510 518 526 491 600 648 783 772 933 978 1,004
CWIP 54 48 12 17 22 36 42 134 43 85 70 75 141
Investments 18 17 16 17 12 16 17 17 17 14 9 12 21
574 602 706 743 802 980 1,144 963 1,376 1,857 1,793 1,796 1,645
Total Assets 1,085 1,132 1,244 1,295 1,362 1,524 1,803 1,762 2,218 2,729 2,805 2,861 2,812

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
148 146 84 148 155 117 175 159 138 -16 359 314
-104 -75 -66 -69 -75 -40 -183 -199 -110 -116 -145 -141
-43 -70 -14 -82 -75 -74 -0 52 -27 122 -210 -140
Net Cash Flow 0 1 4 -2 5 3 -8 12 1 -10 4 33

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 55 61 68 64 73 71 64 69 117 86 64 57
Inventory Days 60 70 65 84 71 76 66 85 122 105 99 93
Days Payable 64 93 98 104 108 102 96 96 190 131 119 117
Cash Conversion Cycle 51 38 35 44 37 44 34 57 49 60 44 34
Working Capital Days 27 26 33 42 35 43 37 43 69 65 45 37
ROCE % 15% 14% 13% 14% 15% 16% 18% 10% 5% 12% 12% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.53% 57.53% 57.53% 57.53% 58.10% 58.73% 58.73% 58.31% 58.31% 58.31% 58.31% 58.31%
0.00% 0.27% 0.33% 0.40% 0.40% 0.42% 0.21% 0.26% 0.19% 0.29% 0.81% 0.42%
20.16% 19.93% 19.95% 19.98% 20.02% 20.02% 20.02% 18.81% 18.32% 13.13% 12.16% 11.99%
22.32% 22.27% 22.19% 22.09% 21.48% 20.83% 21.04% 22.61% 23.18% 28.27% 28.72% 29.28%
No. of Shareholders 16,34616,21716,19515,78515,65815,58715,35216,24516,77520,43421,22622,686

* 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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