Wheels India Ltd.

•

wheelsindia.comBSE: 590073NSE: WHEELS

Market Cap₹ 5,450 Cr.

Current Price

High / Low₹ 2,498 / 706

Stock P/E33.3

Book Value₹ 441

Price to Book2.34

Dividend Yield0.65 %

ROCE19.5 %

ROE16.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Automotive Components: 82.8% • Industrial Components: 17.2%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.67x)
Company has delivered good sales growth of 17.8% CAGR over last 5 years
Latest quarter profit grew 27.3% YoY, showing strong momentum
Working capital cycle has improved - days down from -10 to -17
Company has a consistent dividend-paying track record

CONS

Valuation is stretched - P/E of 33.3 is well above its own 5-year median (15.7)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MOTHERSON	164.30	39.59	173409.49	0.37	1075.66	77.48	35243.77	17.70	13.63	8.86
2.	BOSCHLTD	48388.75	60.40	142727.94	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1202.40	57.75	69434.66	0.22	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2607.25	83.21	50469.14	0.13	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	788.95	70.76	49240.61	0.43	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2696.75	39.11	37933.25	0.43	244.52	8.03	4314.89	30.01	18.33	12.42
7.	CRAFTSMAN	11663.75	65.61	30505.88	0.10	150.55	116.31	2431.58	36.30	14.65	15.81
8.	ZFCVINDIA	2548.90	58.10	29007.88	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
9.	SANSERA	4130.20	73.97	25773.92	0.10	87.36	38.71	1021.26	33.27	14.29	19.18
10.	MSUMI	36.30	38.37	24072.93	1.60	1453.20	915.51	34072.60	1273.43	43.72	7.58
11.	GABRIEL	1345.45	80.11	23845.41	0.37	1081.26	925.35	14256.83	1055.00	26.37	11.71
12.	WHEELS	2230.55	33.34	5449.91	0.65	38.94	27.30	1491.00	17.82	19.47	7.68

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,212	1,284	1,210	1,271	1,166	1,176	1,125	1,277	1,266	1,264	1,371	1,564	1,491
	1,153	1,236	1,150	1,174	1,086	1,093	1,040	1,174	1,172	1,171	1,271	1,438	1,441
Operating Profit	58	48	60	97	79	83	85	103	94	93	100	126	50
OPM %	4.82%	3.72%	4.97%	7.66%	6.82%	7.09%	7.57%	8.09%	7.40%	7.33%	7.31%	8.08%	3.38%
	2	4	1	3	2	1	2	1	3	5	6	9	2
Interest	31	30	30	31	29	31	31	30	31	30	30	29	29
Depreciation	20	21	21	22	23	23	24	24	26	27	29	32	33
Profit before Tax	9	0	9	48	29	31	32	50	40	40	47	74	55
Tax %	24.92%	-85.37%	21.80%	25.09%	26.24%	25.84%	24.82%	26.10%	26.21%	26.24%	24.81%	25.02%	28.92%
Net Profit	0	0	0	0	24	24	25	39	31	32	37	59	39
	4.01	1.78	4.14	15.76	9.66	9.82	10.25	15.66	12.23	12.68	14.76	23.78	15.68

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,173	2,563	3,441	2,672	2,413	3,966	4,640	4,977	4,744	5,465	5,690
	1,987	2,364	3,196	2,500	2,270	3,712	4,420	4,711	4,392	5,052	5,321
Operating Profit	186	199	245	172	143	255	221	266	352	413	370
OPM %	8.55%	7.75%	7.13%	6.44%	5.93%	6.42%	4.75%	5.34%	7.43%	7.55%	6.49%
	3	21	6	8	2	12	21	8	5	23	21
Interest	48	45	66	67	59	71	106	122	122	120	118
Depreciation	64	70	79	78	86	101	74	85	93	115	122
Profit before Tax	78	106	108	36	1	98	66	75	149	209	216
Tax %	23.76%	28.75%	29.65%	-33.18%	85.00%	24.15%	21.91%	21.31%	24.65%	24.41%	26.19%
Net Profit	59	75	76	47	0	74	51	59	112	158	159
EPS	49.23	31.37	31.79	20.39	0.76	31.78	22.66	25.69	45.40	63.45	—
Dividend Payout %	26.40%	24.03%	25.16%	27.71%	132.21%	26.11%	30.30%	28.76%	25.40%	22.76%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 18%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: 14%
5 Years:: 143%
3 Years:: 41%

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: 22%
3 Years:: 43%
1 Year:: 200%

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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12	12	24	24	24	24	24	24	24	24
Minority Interest	0	23	23	21	19	17	13	9	10	13
	457	575	616	640	637	710	731	815	898	1,017
	274	293	422	518	585	713	651	710	600	604
Trade Payables	422	492	645	505	897	1,084	1,155	1,197	1,221	1,338
	206	277	382	360	315	426	474	348	436	517
Total Liabilities	1,370	1,672	2,112	2,068	2,476	2,974	3,048	3,104	3,189	3,514
	526	557	710	753	883	903	1,060	1,149	1,295	1,506
Capital Work in Progress	22	65	65	198	114	126	114	77	50	69
	19	21	23	23	23	24	22	32	46	78
	279	374	435	412	548	800	884	882	769	746
	0	0	0	0	0	0	0	726	801	818
Cash & Bank	9	10	9	6	3	4	5	5	5	4
	515	644	869	676	905	1,117	962	231	223	293
Total Assets	1,370	1,672	2,112	2,068	2,476	2,974	3,048	3,104	3,189	3,514

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	194	193	240	183	139	79	396	329	400	477
Cash from Investing	-75	-135	-230	-242	-118	-120	-152	-150	-213	-292
Cash from Financing	-75	9	38	70	-31	84	-216	-146	-188	-175
	5	5	-9	12	-0	-9	3	34	-0	11

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.31	58.31	58.31	58.31	58.31	58.31	58.31	58.31	58.31
	0.81	0.41	0.34	0.39	0.57	1.09	1.17	1.15	1.98
	12.17	12.00	11.68	11.68	11.65	10.68	9.82	9.63	6.39
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.72	29.28	29.67	29.63	29.48	29.93	30.70	30.91	33.32

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Price movement

2026-09-10 - Significant movement in price has been observed in Wheels India Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Wheels India Limited has submitted their response.

2026-09-09

Price movement

2026-09-09 - Significant movement in price has been observed in Wheels India Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-09-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-06 - Wheels India Limited has informed the Exchange about Presentation

2026-09-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-06 - Wheels India Limited has informed the Exchange about Presentation

2026-09-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-06 - Wheels India Limited has informed the Exchange about Presentation

2026-09-06

Investor Presentation

2026-09-06 - Wheels India Limited has informed the Exchange about Investor Presentation

2026-09-06

Investor Presentation

2026-09-06 - Wheels India Limited has informed the Exchange about Investor Presentation

2026-09-06

Investor Presentation

2026-09-06 - Wheels India Limited has informed the Exchange about Investor Presentation

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - Wheels India Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for WHEELS

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Wheels India Ltd.

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Free 5nance Account

Name

MOTHERSON

164.30

39.59

173409.49

0.37

1075.66

77.48

35243.77

17.70

13.63

8.86

BOSCHLTD

48388.75

60.40

142727.94

0.56

706.10

-36.74

5841.90

22.00

25.60

14.08

UNOMINDA

1202.40

57.75

69434.66

0.22

315.51

2.10

5556.85

23.79

20.74

11.14

TIINDIA

2607.25

83.21

50469.14

0.13

293.96

-3.04

6215.33

20.20

27.33

8.81

SONACOMS

788.95

70.76

49240.61

0.43

178.51

46.67

1301.20

52.38

14.75

22.55

ENDURANCE

2696.75

39.11

37933.25

0.43

244.52

8.03

4314.89

30.01

18.33

12.42

CRAFTSMAN

11663.75

65.61

30505.88

0.10

150.55

116.31

2431.58

36.30

14.65

15.81

ZFCVINDIA

2548.90

58.10

29007.88

0.03

1044.78

753.75

10661.76

992.89

20.23

12.93

SANSERA

4130.20

73.97

25773.92

0.10

87.36

38.71

1021.26

33.27

14.29

19.18

MSUMI

36.30

38.37

24072.93

1.60

1453.20

915.51

34072.60

1273.43

43.72

7.58

GABRIEL

1345.45

80.11

23845.41

0.37

1081.26

925.35

14256.83

1055.00

26.37

11.71

WHEELS

2230.55

33.34

5449.91

0.65

38.94

27.30

1491.00

17.82

19.47

7.68

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,212

1,284

1,210

1,271

1,166

1,176

1,125

1,277

1,266

1,264

1,371

1,564

1,491

1,153

1,236

1,150

1,174

1,086

1,093

1,040

1,174

1,172

1,171

1,271

1,438

1,441

Operating Profit

103

100

126

OPM %

4.82%

3.72%

4.97%

7.66%

6.82%

7.09%

7.57%

8.09%

7.40%

7.33%

7.31%

8.08%

3.38%

Interest

Depreciation

Profit before Tax

Tax %

24.92%

-85.37%

21.80%

25.09%

26.24%

25.84%

24.82%

26.10%

26.21%

26.24%

24.81%

25.02%

28.92%

Net Profit

4.01

1.78

4.14

15.76

9.66

9.82

10.25

15.66

12.23

12.68

14.76

23.78

15.68

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,173

2,563

3,441

2,672

2,413

3,966

4,640

4,977

4,744

5,465

5,690

1,987

2,364

3,196

2,500

2,270

3,712

4,420

4,711

4,392

5,052

5,321

Operating Profit

186

199

245

172

143

255

221

266

352

413

370

OPM %

8.55%

7.75%

7.13%

6.44%

5.93%

6.42%

4.75%

5.34%

7.43%

7.55%

6.49%

Interest

106

122

120

118

Depreciation

101

115

122

Profit before Tax

106

108

149

209

216

Tax %

23.76%

28.75%

29.65%

-33.18%

85.00%

24.15%

21.91%

21.31%

24.65%

24.41%

26.19%

Net Profit

112

158

159

EPS

49.23

31.37

31.79

20.39

0.76

31.78

22.66

25.69

45.40

63.45

—

Dividend Payout %

26.40%

24.03%

25.16%

27.71%

132.21%

26.11%

30.30%

28.76%

25.40%

22.76%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

457

575

616

640

637

710

731

815

898

1,017

274

293

422

518

585

713

651

710

600

604

Trade Payables

422

492

645

505

897

1,084

1,155

1,197

1,221

1,338

206

277

382

360

315

426

474

348

436

517

Total Liabilities

1,370

1,672

2,112

2,068

2,476

2,974

3,048

3,104

3,189

3,514

526

557

710

753

883

903

1,060

1,149

1,295

1,506

Capital Work in Progress

198

114

126

114

279

374

435

412

548

800

884

882

769

746

726

801

818

Cash & Bank

515

644

869

676

905

1,117

962

231

223

293

Total Assets

1,370

1,672

2,112

2,068

2,476

2,974

3,048

3,104

3,189

3,514

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

194

193

240

183

139

396

329

400

477

Cash from Investing

-75

-135

-230

-242

-118

-120

-152

-150

-213

-292

Cash from Financing

-75

-31

-216

-146

-188

-175

-9

-0

-9

-0

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

58.31

0.81

0.41

0.34

0.39

0.57

1.09

1.17

1.15

1.98

12.17

12.00

11.68

11.65

10.68

9.82

9.63

6.39

Government

0.00

28.72

29.28

29.67

29.63

29.48

29.93

30.70

30.91

33.32

Wheels India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Wheels India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI