Wheels India Ltd

Wheels India Ltd

₹ 699 -3.50%
28 May - close price
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
The Co., operates in two business segments , namely automotive products and industrial products . Its diverse portfolio encompasses the Automotive Wheels Division, Construction & Mining Division, Energy Products Division, and Air Suspension & Lift Axle Division. [1]

  • Market Cap 1,709 Cr.
  • Current Price 699
  • High / Low 855 / 548
  • Stock P/E 29.0
  • Book Value 344
  • Dividend Yield 1.00 %
  • ROCE 12.4 %
  • ROE 7.34 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 27.9%
  • Debtor days have improved from 66.8 to 53.3 days.
  • Company's working capital requirements have reduced from 38.1 days to 26.7 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.32% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
927 729 973 1,077 1,188 1,134 1,184 1,078 1,251 1,212 1,284 1,210 1,271
854 681 906 1,010 1,116 1,086 1,127 1,033 1,181 1,153 1,236 1,150 1,174
Operating Profit 73 48 67 67 72 48 57 45 70 58 48 60 97
OPM % 8% 7% 7% 6% 6% 4% 5% 4% 6% 5% 4% 5% 8%
2 5 1 2 7 5 1 15 6 4 7 2 5
Interest 15 17 16 19 20 22 26 27 30 31 30 30 31
Depreciation 25 24 26 26 26 18 19 18 19 20 21 21 22
Profit before tax 35 13 27 24 34 13 14 14 26 11 3 11 50
Tax % 24% 26% 25% 23% 24% 24% 25% 26% 17% 21% -12% 19% 24%
27 9 20 19 26 10 10 11 21 9 3 9 38
EPS in Rs 11.05 4.06 8.55 8.05 11.12 4.22 4.72 4.98 9.28 4.07 1.78 4.14 15.76
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
1,987 2,173 2,563 3,441 2,672 2,413 3,966 4,651 4,977
1,815 1,987 2,364 3,196 2,500 2,270 3,712 4,433 4,711
Operating Profit 172 186 199 245 172 143 255 218 266
OPM % 9% 9% 8% 7% 6% 6% 6% 5% 5%
2 4 23 8 8 2 16 26 16
Interest 58 48 45 66 67 59 71 103 122
Depreciation 60 64 70 79 78 86 101 72 85
Profit before tax 56 78 106 108 36 1 98 69 75
Tax % 29% 24% 29% 30% -33% 85% 24% 22% 21%
41 59 75 76 47 0 74 54 59
EPS in Rs 17.07 24.58 31.15 31.79 20.39 0.76 31.78 24.13 25.69
Dividend Payout % 26% 26% 24% 25% 28% 132% 26% 29% 29%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 27%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: -5%
3 Years: 689%
TTM: 9%
Stock Price CAGR
10 Years: 9%
5 Years: -4%
3 Years: 7%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 8%
Last Year: 7%

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
Equity Capital 12 12 12 24 24 24 24 24 24
Reserves 402 457 575 616 640 637 710 740 815
386 369 359 495 650 698 876 785 778
495 532 718 880 674 1,118 1,364 1,460 1,487
Total Liabilities 1,295 1,369 1,663 2,015 1,987 2,476 2,974 3,010 3,104
518 526 557 710 753 883 903 1,000 1,149
CWIP 17 22 65 65 198 114 126 114 77
Investments 17 19 21 23 23 23 24 28 32
743 802 1,019 1,216 1,013 1,456 1,921 1,868 1,845
Total Assets 1,295 1,369 1,663 2,015 1,987 2,476 2,974 3,010 3,104

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
148 155 131 184 184 148 28 373 329
-69 -75 -135 -230 -242 -118 -120 -148 -150
-82 -75 9 38 70 -31 84 -211 -146
Net Cash Flow -2 5 5 -9 12 -0 -9 14 34

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
Debtor Days 64 73 69 62 65 112 82 65 53
Inventory Days 84 71 78 66 81 119 101 90 89
Days Payable 104 108 103 97 99 195 136 124 121
Cash Conversion Cycle 44 37 44 31 46 36 46 31 21
Working Capital Days 42 35 40 33 33 58 53 34 27
ROCE % 15% 15% 16% 8% 4% 11% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.53% 57.53% 57.53% 57.53% 57.53% 57.53% 58.10% 58.73% 58.73% 58.31% 58.31% 58.31%
0.00% 0.00% 0.00% 0.27% 0.33% 0.40% 0.40% 0.42% 0.21% 0.26% 0.19% 0.29%
21.43% 20.10% 20.16% 19.93% 19.95% 19.98% 20.02% 20.02% 20.02% 18.81% 18.32% 13.13%
21.05% 22.38% 22.32% 22.27% 22.19% 22.09% 21.48% 20.83% 21.04% 22.61% 23.18% 28.27%
No. of Shareholders 14,27615,72816,34616,21716,19515,78515,65815,58715,35216,24516,77520,434

* 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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Documents

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