Wheels India Ltd
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.
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- Market Cap ₹ 1,989 Cr.
- Current Price ₹ 814
- High / Low ₹ 915 / 544
- Stock P/E 17.9
- Book Value ₹ 377
- Dividend Yield 1.41 %
- ROCE 16.4 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 28.2%
Cons
- Company has a low return on equity of 9.13% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|
1,987 | 2,173 | 2,563 | 3,441 | 2,672 | 2,413 | 3,966 | 4,640 | 4,977 | 4,744 | |
1,815 | 1,987 | 2,364 | 3,196 | 2,500 | 2,270 | 3,712 | 4,420 | 4,711 | 4,392 | |
Operating Profit | 172 | 186 | 199 | 245 | 172 | 143 | 255 | 221 | 266 | 352 |
OPM % | 9% | 9% | 8% | 7% | 6% | 6% | 6% | 5% | 5% | 7% |
2 | 4 | 23 | 8 | 8 | 2 | 16 | 26 | 16 | 11 | |
Interest | 58 | 48 | 45 | 66 | 67 | 59 | 71 | 106 | 122 | 122 |
Depreciation | 60 | 64 | 70 | 79 | 78 | 86 | 101 | 74 | 85 | 93 |
Profit before tax | 56 | 78 | 106 | 108 | 36 | 1 | 98 | 66 | 75 | 149 |
Tax % | 29% | 24% | 29% | 30% | -33% | 85% | 24% | 22% | 21% | 25% |
41 | 59 | 75 | 76 | 47 | 0 | 74 | 51 | 59 | 112 | |
EPS in Rs | 17.07 | 24.58 | 31.15 | 31.79 | 20.39 | 0.76 | 31.78 | 23.00 | 25.69 | 45.39 |
Dividend Payout % | 26% | 26% | 24% | 25% | 28% | 132% | 26% | 30% | 29% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 6% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 14% |
TTM: | 88% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 13% |
3 Years: | 9% |
1 Year: | -8% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 13% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
Reserves | 402 | 457 | 575 | 616 | 640 | 637 | 710 | 731 | 815 | 898 |
386 | 369 | 359 | 495 | 650 | 698 | 876 | 819 | 778 | 737 | |
495 | 532 | 718 | 880 | 674 | 1,118 | 1,364 | 1,474 | 1,487 | 1,530 | |
Total Liabilities | 1,295 | 1,369 | 1,663 | 2,015 | 1,987 | 2,476 | 2,974 | 3,048 | 3,104 | 3,188 |
518 | 526 | 557 | 710 | 753 | 883 | 903 | 1,060 | 1,149 | 1,295 | |
CWIP | 17 | 22 | 65 | 65 | 198 | 114 | 126 | 114 | 77 | 50 |
Investments | 17 | 19 | 21 | 23 | 23 | 23 | 24 | 22 | 32 | 46 |
743 | 802 | 1,019 | 1,216 | 1,013 | 1,456 | 1,921 | 1,851 | 1,845 | 1,797 | |
Total Assets | 1,295 | 1,369 | 1,663 | 2,015 | 1,987 | 2,476 | 2,974 | 3,048 | 3,104 | 3,188 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
148 | 155 | 131 | 184 | 184 | 148 | 28 | 370 | 329 | 400 | |
-69 | -75 | -135 | -230 | -242 | -118 | -120 | -152 | -150 | -213 | |
-82 | -75 | 9 | 38 | 70 | -31 | 84 | -216 | -146 | -188 | |
Net Cash Flow | -2 | 5 | 5 | -9 | 12 | -0 | -9 | 3 | 34 | -0 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 73 | 69 | 62 | 65 | 112 | 82 | 60 | 53 | 62 |
Inventory Days | 84 | 71 | 78 | 66 | 81 | 119 | 101 | 95 | 89 | 85 |
Days Payable | 104 | 108 | 103 | 97 | 99 | 195 | 136 | 124 | 121 | 135 |
Cash Conversion Cycle | 44 | 37 | 44 | 31 | 46 | 36 | 46 | 31 | 21 | 12 |
Working Capital Days | 42 | 35 | 40 | 33 | 33 | 58 | 53 | 34 | 27 | 22 |
ROCE % | 15% | 15% | 16% | 8% | 4% | 11% | 11% | 12% | 16% |
Documents
Announcements
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Closure of Trading Window
1d - Trading window closed from July 1, 2025 till 48 hours post Q1 results announcement.
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Newspaper Advertisement - Deposit scheme
26 Jun - Wheels India published newspaper ads for deposit scheme; copies available on company website.
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Investment - Regulation 30 of the SEBI LODR
25 Jun - Wheels India to acquire 3% stake in Axles India for Rs. 22.68 Cr, raising holding to 12.51% by Aug 2025.
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Newspaper Advertisement with respect to 66th Annual General Meeting
23 Jun - Wheels India announces 66th AGM on July 17, 2025 via VC with e-voting; notice published in newspapers.
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Newspaper Advertisement under Regulation 47 of the SEBI (LODR) Regulations, 2015
20 Jun - Newspaper ads published for proposed transfer of equity shares to IEPF as per regulatory requirements.
Annual reports
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Financial Year 2024
from web
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Financial Year 2023
from web
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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May 2025Transcript PPT
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Jan 2025TranscriptNotesPPT
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Oct 2024Transcript PPT REC
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Jul 2024TranscriptNotesPPT
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May 2024Transcript PPT REC
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Nov 2023TranscriptPPT
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Sep 2023TranscriptNotesPPT
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Jun 2023Transcript PPT REC
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Nov 2022TranscriptPPT
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Aug 2021TranscriptPPT
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May 2021TranscriptPPT
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