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Prices as of 8 Oct 2026 close · Not investment advice

Wheels India Limited

NSE: WHEELSAuto Components & EquipmentsASM stage 1

Share price

₹2,208.20

-3.31% close of 8 Oct 2026

Market cap ₹5,932 CrP/E 36.3

Business score

How strong the business is, in one number. The parts behind it are in Pro.

55

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹5,932 Cr

P/E ratio

36.3

P/B ratio

5.2

ROCE

18.8%

ROE

15.8%

Dividend yield

0.6%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹2,400.6052-week low ₹714.05

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 17.5% over the past year, and 9.0% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 5.9% to 7.6% over the last four years.

Whether it grew faster than its sector

It grew 9.0% a year against a sector median of 10.5% — 1.5 percentage points slower.

Room to re-rate, or risk of de-rating

At 36.3× earnings it costs 1.5× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 51.0×, across 5 companies. It is against its own five-year median of 23.3×, the 92nd percentile of its own range.

Whether growth justifies the valuation

Priced at 0.9 times its growth rate, on earnings growth of 41%.

Profit growthPrice per ₹1 profitPer 1% growth
Wheels India Limited — this one41%/yr36.3×₹0.89
Samvardhana Motherson International Limited40%/yr35.3×₹0.88
Bosch Limited14%/yr54.8×₹3.9
Bharat Forge Limited33%/yr85.2×₹2.6
UNO Minda Limited23%/yr51.0×₹2.2
Schaeffler India Limited10%/yr46.2×₹4.6

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Auto Components & Equipments), it ranks 39 of 101 on returns, 60 of 99 on growth, 89 of 101 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 18.8% on capital, ahead of 61% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1604 crore of cash from the business, spent ₹907 crore on plant and equipment, and returned ₹641 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 11 years, about 340 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating. Its cash comes back faster than it used to: it went from being paid 3 days before it paid its own suppliers to paid 18 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 9 checks clear · 100%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 17.8% year on year while profit fell 34.0% from the previous quarter.

Announced 27 Jul 2026 · Consolidated · Unaudited

Revenue

₹1,491 Cr

Revenue vs last year

+17.8%

Revenue vs last quarter

-4.7%

Net profit

₹39 Cr

Profit vs last year

+25.6%

Profit vs last quarter

-34.0%

Net margin

2.6%

EPS

₹15.68

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹5,932 Cr
Prev close
₹2,208.20
52w High
₹2,498
52w Low
₹706
Enterprise value
₹6,696 Cr
Beta
1.0
Price CAGR 1y
148.0%
Price CAGR 3y
44.0%
Price CAGR 5y
24.0%
Price CAGR 10y
13.0%

Ratios

Return on assets
4.5%
PEG ratio
0.9
P/E ratio
36.3
P/B ratio
5.2
EV / EBITDA
15.5
Industry P/E
30.6
ROCE
18.8%
ROCE 5y average
13.8%
ROE
15.8%
Debt / Equity
0.7
Interest coverage
2.7
Dividend yield
0.6%
ROE 3y average
12.0%
ROE last year
16.0%

Annual P&L

Annual revenue
₹5,465 Cr
Annual profit
₹158 Cr
Operating margin
8.0%
Net profit margin
2.9%
EBITDA margin
7.6%
Sales growth 3y
5.6%
Sales growth 5y
17.8%
Profit growth 3y
41.0%
Profit growth 5y
143.0%
EPS
₹63.4
Sales growth TTM
17.0%
Profit growth TTM
40.0%
Dividend payout
23.0%

Quarter P&L

Sales latest quarter
₹1,491 Cr
Profit latest quarter
₹39 Cr
YoY quarterly sales growth
17.8%
YoY quarterly profit growth
25.8%
OPM latest quarter
7.5%

Balance Sheet

Book Value
₹388
Face Value
₹10.0
Total debt
₹768 Cr
Total cash
₹4 Cr
Borrowings
₹768 Cr
Reserves / Equity
42.4

Cash Flow

Operating cash flow
₹477 Cr
Free cash flow
₹203 Cr
FCF yield
1.4%
Net cash flow
₹11 Cr

Shareholding

Promoter holding
56.9%
FII holding
2.5%
DII holding
8.9%
Public holding
31.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Samvardh. Mothe.154.0035.51,62,5380.381,075.781.535,243.816.613.4
Bosch43,099.9553.81,27,1280.61706.15.25,841.922.021.5
Bharat Forge1,781.1086.287,0370.46-89.9-57.74,639.918.712.6
Uno Minda1,087.4551.562,7970.24315.51.85,556.923.819.6
Schaeffler India3,738.5045.358,4340.93336.713.72,681.417.527.9
Sona BLW Precis.789.7063.449,2910.42220.173.41,157.250.815.1
Tube Investments2,259.2569.843,7330.15294.0-15.36,215.317.117.1
Wheels India2,226.9036.65,9820.6338.928.21,491.017.818.8
Median447.8028.91,5510.3212.322.3265.521.016.4

Competes with: Bharat Forge Limited, Bosch Limited, Samvardhana Motherson International Limited, Schaeffler India Limited, Sona BLW Precision Forgings Limited, Tube Investments of India Limited, UNO Minda Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,2121,2841,2101,2711,1661,1761,1251,2771,2661,2641,3711,5641,491
Expenses1,1531,2361,1501,1741,0861,0931,0401,1741,1721,1711,2711,4381,379
Material Cost8658419389321,0281,034
Change in Inventories9.9832-782121-31
Purchases of Stock-in-Trade000000
Employee Cost135140147152153161
Other Expenses164159164167236215
Operating Profit584860977983851039493100126112
OPM %4.823.724.977.666.827.097.578.097.407.337.318.087.50
Other Income47254233478124
Exceptional items (within Other Income)000000
Interest31303031293131303130302929
Depreciation20212122232324242627293233
Profit before tax1131150313233524142497755
Tax %21-121924252524252525242429
Net Profit93938242425393132375939
EPS in Rs4.071.784.14169.669.8210161213152416
Diluted EPS in Rs161213152416

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,9872,1732,5633,4412,6722,4133,9664,6404,9774,7445,4655,690
Expenses1,8151,9872,3643,1962,5002,2703,7124,4204,7114,3925,0525,259
Material Cost3,2613,740
Change in Inventories51-4.31
Purchases of Stock-in-Trade00
Employee Cost507591
Other Expenses573725
Operating Profit172186199245172143255221266352413431
OPM %99876664.805788
Other Income2423882162616113131
Exceptional items (within Other Income)00
Interest58484566675971106122122120118
Depreciation606470797886101748593115122
Profit before tax5678106108361986675149209223
Tax %29242930-33852422212524
Net Profit41597576470745159112158166
EPS in Rs17253132200.76322326456367
Diluted EPS in Rs4563
Dividend Payout %26262425281322630292523

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
18%
3 years
6%
TTM
17%

Compounded profit growth

10 years
14%
5 years
143%
3 years
41%
TTM
40%

Stock price CAGR

10 years
13%
5 years
24%
3 years
44%
1 year
148%

Return on equity

10 years
10%
5 years
11%
3 years
12%
Last year
16%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1212122424242424242424
Reserves4024575756166406377107318158981,017
Borrowings386369359495650698876819778737768
Other Liabilities4955327188806741,1181,3641,4741,4871,5311,705
Minority Interest1013
Total Liabilities1,2951,3691,6632,0151,9872,4762,9743,0483,1043,1893,514
Fixed Assets5185265577107538839031,0601,1491,2951,506
CWIP17226565198114126114775069
Investments1719212323232422324678
Other Assets7438021,0191,2161,0131,4561,9211,8511,8451,7971,861
Total Assets1,2951,3691,6632,0151,9872,4762,9743,0483,1043,1883,514

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity14815513118418414828370329400477
Cash from Investing Activity-69-75-135-230-242-118-120-152-150-213-292
Cash from Financing Activity-82-7593870-3184-216-146-188-175
Net Cash Flow-255-912-0-9334-011
Free Cash Flow7478-64-50-6029-94217179192203

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days64736962651128260536255
Inventory Days847178668111910195898573
Days Payable1041081039799195136124121135131
Cash Conversion Cycle44374431463646312112-3
Working Capital Days151017925-3-13-8-11-18
ROCE %151516841111121619

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters585858585858585858585857
FIIs0.190.290.810.420.340.380.571.081.181.151.982.45
DIIs18131212121212119.819.646.398.88
Public232829293030293031313332
No. of Shareholders16,77520,43421,22622,68623,19323,65722,87322,55822,67822,67729,27130,135

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +135.2% (₹939.05 → ₹2,208.20)Brick size ₹129.17 (fixed)Bricks 14
₹1,000₹1,500₹2,000₹2,208Mar '26Jun '26
Price moved up one brickPrice moved down one brickLast close ₹2,208.20 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

27.40

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

764inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

1,86,41,133inr

2026-03-31

News

News and filings about Wheels India Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Aluminium alloy
  • Paint & cutting tools (consumables)
  • Steel (HR coil / strip)

Depends on the price of

  • aluminium
  • steel

Sells to

Buys from

Supplies parts to

  • agricultural tractor manufacturers
  • bus manufacturers
  • commercial vehicle manufacturers
  • construction equipment manufacturers
  • passenger vehicle manufacturers
  • truck manufacturers

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Automobile and Auto Components
Industry
Auto Components & Equipments
Classification
Automobile and Auto Components › Auto Components & Equipments
ISIN
INE715A01015

Business segments

  • Automotive · 83%
  • Industrial · 17%

Plants

  • Wheels India Mambattu plant
  • Wheels India Padi plant
  • Wheels India Pantnagar plant
  • Wheels India Rampur plant
  • Wheels India Ranjangaon plant
  • Wheels India Sriperumbudur plant

News impact

Big market events that reach Wheels India Limited, and how the effect spreads.

Who it hits first

  • Indian auto-components players (SONACOMS, BHARATFORG, MOTHERSON, ENDURANCE, SANSERA) face competitive realignment
  • Indian CV OEMs (TATAMOTORS, ASHOKLEY) may see supply contract review
  • Schaeffler and ZF India units benefit from rival's consolidation distraction

Who may gain

  • SCHAEFFLER
  • ZFCVINDIA
  • Smaller Indian suppliers picking up post-consolidation gaps

Along the supply chain

Downstream

Tata Motors, Ashok Leyland, EV OEMs (Tata EV, M&M EV) see supplier rationalisation; potential pricing leverage to OEMs in negotiation window

Upstream

Steel/aluminium/copper procurement minimally affected; forging/casting capacity utilisation may temporarily dip during transition

Where demand moves

Business

Combined Dana-Eaton may rationalise India SKU footprint → some Indian suppliers lose contracts → others (Schaeffler, ZF India) capture share; Indian CV OEMs review supplier panels

Capital

Capital rotates within auto-component basket from premium-valued names (SONACOMS, BHARATFORG, SANSERA) toward global-pedigree India units (SCHAEFFLER, ZFCVINDIA) and CV OEMs (TATAMOTORS, ASHOKLEY)

How it spreads across sectors

Automobile and Auto Components

competitive realignment; valuation pressure on premium-PE names

When it plays out

Immediate

Premium-PE auto-component names see selling pressure on competitive concern

Medium term

Combined entity announces India footprint plans; consolidation winners visible

Short term

Supplier-panel reviews start at Tata Motors, Ashok Leyland

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

24 Jun 2026unspecified₹9.14
5 Feb 2026interim₹5.3
10 Jul 2025unspecified₹7.03
3 Feb 2025interim₹4.5
10 Jul 2024unspecified₹7.39
12 Jul 2023unspecified₹3.97
14 Feb 2023interim₹3
5 Jul 2022unspecified₹8.3

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
10 Sep 2026HRTI PRIVATE LIMITEDBUY1,83,541₹2,390.51
10 Sep 2026QE SECURITIES LLPBUY1,64,873₹2,405.36
10 Sep 2026QE SECURITIES LLPSELL1,64,757₹2,398.44
10 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY1,62,485₹2,395.75
10 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL1,60,695₹2,398.04
10 Sep 2026HRTI PRIVATE LIMITEDSELL1,50,621₹2,403.90
9 Sep 2026QE SECURITIES LLPSELL2,96,904₹2,365.50
9 Sep 2026QE SECURITIES LLPBUY2,91,041₹2,363.51
9 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY2,57,574₹2,367.53
9 Sep 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL2,51,038₹2,368.29

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
11 Aug 2026TSF Investments Limited · PromoterBUY2,56,54738.96
11 Aug 2026TRICHUR SUNDARAM SANTHANAM & FAMILY PRIVATE LIMITED · PromoterSELL2,56,54738.96

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.