Wheels India Ltd

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

Wheels India Ltd

₹ 1,467 10.32%
15 May - 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 ₹ 3,585 Cr.
  • Current Price ₹ 1,467
  • High / Low ₹ 1,500 / 705
  • Stock P/E 23.1
  • Book Value ₹ 426
  • Dividend Yield 0.79 %
  • ROCE 18.8 %
  • ROE 15.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 143% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 22.9%

Cons

  • Company has a low return on equity of 12.4% 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,251 1,212 1,284 1,210 1,271 1,166 1,176 1,125 1,277 1,266 1,264 1,371 1,564
1,181 1,153 1,236 1,150 1,174 1,086 1,093 1,040 1,174 1,172 1,171 1,271 1,438
Operating Profit 70 58 48 60 97 79 83 85 103 94 93 100 126
OPM % 6% 5% 4% 5% 8% 7% 7% 8% 8% 7% 7% 7% 8%
6 4 7 2 5 4 2 3 3 4 7 8 12
Interest 30 31 30 30 31 29 31 31 30 31 30 30 29
Depreciation 19 20 21 21 22 23 23 24 24 26 27 29 32
Profit before tax 26 11 3 11 50 31 32 33 52 41 42 49 77
Tax % 17% 21% -12% 19% 24% 25% 25% 24% 25% 25% 25% 24% 24%
21 9 3 9 38 24 24 25 39 31 32 37 59
EPS in Rs 9.28 4.07 1.78 4.14 15.76 9.66 9.82 10.25 15.65 12.23 12.68 14.76 23.78
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,987 2,173 2,563 3,441 2,672 2,413 3,966 4,640 4,977 4,744 5,465
1,815 1,987 2,364 3,196 2,500 2,270 3,712 4,420 4,711 4,392 5,052
Operating Profit 172 186 199 245 172 143 255 221 266 352 413
OPM % 9% 9% 8% 7% 6% 6% 6% 5% 5% 7% 8%
2 4 23 8 8 2 16 26 16 11 31
Interest 58 48 45 66 67 59 71 106 122 122 120
Depreciation 60 64 70 79 78 86 101 74 85 93 115
Profit before tax 56 78 106 108 36 1 98 66 75 149 209
Tax % 29% 24% 29% 30% -33% 85% 24% 22% 21% 25% 24%
41 59 75 76 47 0 74 51 59 112 158
EPS in Rs 17.07 24.58 31.15 31.79 20.39 0.76 31.78 23.00 25.69 45.39 63.44
Dividend Payout % 26% 26% 24% 25% 28% 132% 26% 30% 29% 25% 14%
Compounded Sales Growth
10 Years: 11%
5 Years: 18%
3 Years: 6%
TTM: 15%
Compounded Profit Growth
10 Years: 14%
5 Years: 143%
3 Years: 41%
TTM: 40%
Stock Price CAGR
10 Years: 12%
5 Years: 25%
3 Years: 40%
1 Year: 100%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 12%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 24 24 24 24 24 24 24 24
Reserves 402 457 575 616 640 637 710 731 815 898 1,017
386 369 359 495 650 698 876 819 778 737 768
495 532 718 880 674 1,118 1,364 1,474 1,487 1,530 1,717
Total Liabilities 1,295 1,369 1,663 2,015 1,987 2,476 2,974 3,048 3,104 3,188 3,527
518 526 557 710 753 883 903 1,060 1,149 1,295 1,506
CWIP 17 22 65 65 198 114 126 114 77 50 69
Investments 17 19 21 23 23 23 24 22 32 46 78
743 802 1,019 1,216 1,013 1,456 1,921 1,851 1,845 1,797 1,874
Total Assets 1,295 1,369 1,663 2,015 1,987 2,476 2,974 3,048 3,104 3,188 3,527

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
148 155 131 184 184 148 28 370 329 400 477
-69 -75 -135 -230 -242 -118 -120 -152 -150 -213 -292
-82 -75 9 38 70 -31 84 -216 -146 -188 -175
Net Cash Flow -2 5 5 -9 12 -0 -9 3 34 -0 11
Free Cash Flow 74 78 -64 -50 -60 29 -94 217 179 192 203
CFO/OP 92% 94% 81% 84% 114% 96% 22% 173% 134% 117% 124%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 64 73 69 62 65 112 82 60 53 62 55
Inventory Days 84 71 78 66 81 119 101 95 89 85 73
Days Payable 104 108 103 97 99 195 136 124 121 135 131
Cash Conversion Cycle 44 37 44 31 46 36 46 31 21 12 -3
Working Capital Days 15 10 17 9 2 5 -3 -13 -8 -11 -18
ROCE % 15% 15% 16% 8% 4% 11% 11% 12% 16% 19%

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)
% ・Standalone data

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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 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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