Wheels India
- Market cap
- ₹ 5,268 Cr.
- P/E
- 35.5x
- P/B
- 4.95x
- 52-week range
- 705.85 – 2,515.8
- ROE
- 16%
- ROCE
- 19%
- Dividend yield
- 0.7%
- Debt / equity
- 0.74
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
Wheels India Limited is an India-based manufacturer of steel, aluminum and wire wheels. The Company is a supplier of wheels to manufacturers of commercial vehicles, passenger vehicles, agricultural tractors and construction equipment. Its segments include Automotive Components and Industrial Components. Its product categories include wheels, vehicle chassis and suspension, renewable energy components, fabricated and precision products, hydraulic cylinders, railway and aftermarket. Its air suspension systems are designed for commuter and intercity buses, coaches, ICVs, and electric vehicles. Its vehicle chassis and suspension products include FTS 2 ton series, FTS 3 ton series, FLS 4 ton series and others. The Company's renewable energy components include stiffening plate, torque plate, pitch plate, rotor lock disc, seal contact rings, yaw ring / yaw gear and others. It provides hydraulic cylinders for energy equipment and off-road vehicles.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →Wheels India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)35.5 against a typical 26.4: pricier than most peers (1st = cheapest).100th of 153
- Sales growth+17.8% against a typical +20.7% from a year earlier.85th of 142
- Profit growth+25.8% against a typical +15.3% from a year earlier.57th of 127
- Share price, 3 months+56.3% against a typical −4.4%.7th of 142
- Size₹ 5,268 Cr. market value against a typical ₹ 728 Cr. (1st = largest).30th of 138
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]A+ | Stable | 23 Oct 2026 |
| India Ratings | IND A+; IND A1 | Stable | 20 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 23 Oct 2026 | ▲ Upgrade1 notch | [ICRA]A → [ICRA]A+ | Medium | ICRA | ₹ 1,405 Cr. | |
| 20 Feb 2026 | Rating action | IND A+ | — | India Ratings | ₹ 1,705 Cr. | |
| 18 Feb 2026 | Reaffirmed | [ICRA]A | — | ICRA | ₹ 1,405 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the unaudited financial results for the period ended September 30, 2026 |
| 19 Aug 2026 | Fund Raising | To consider Fund Raising |
| 27 Jul 2026 | Financial Results | To consider and approve the unaudited financial results for the period ended Jun 30, 2026 |
| 10 Jul 2026 | Fund Raising | To consider Fund Raising |
| 15 May 2026 | Financial Results/Dividend | To consider and approve the audited financial results for the period ended March 31, 2026 and declaration of final dividend if any |
| 29 Jan 2026 | Financial Results/Dividend | To consider and approve the Unaudited financial results for the period ended December 31, 2025 and consider and approve interim dividend, if any, for the financial year ending March 31, 2026 and fix record date for this purpose. |
| 31 Oct 2025 | Financial Results | To consider and approve the unaudited financial results for the quarter/ half year ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,284 | 1,210 | 1,271 | 1,166 | 1,176 | 1,125 | 1,277 | 1,266 | 1,264 | 1,371 | 1,564 | 1,491 |
| Expenses | 1,236 | 1,150 | 1,174 | 1,086 | 1,093 | 1,040 | 1,174 | 1,172 | 1,171 | 1,271 | 1,438 | 1,379 |
| Operating Profit | 48 | 60 | 97 | 79 | 83 | 85 | 103 | 94 | 93 | 100 | 126 | 112 |
| OPM % | 3.7% | 5% | 8% | 7% | 7% | 8% | 8% | 7% | 7% | 7% | 8% | 8% |
| Other Income | 7 | 2 | 5 | 4 | 2 | 3 | 3 | 4 | 7 | 8 | 12 | 4 |
| Interest | 30 | 30 | 31 | 29 | 31 | 31 | 30 | 31 | 30 | 30 | 29 | 29 |
| Depreciation | 21 | 21 | 22 | 23 | 23 | 24 | 24 | 26 | 27 | 29 | 32 | 33 |
| Profit before tax | 3 | 11 | 50 | 31 | 32 | 33 | 52 | 41 | 42 | 49 | 77 | 55 |
| Tax % | −12% | 19% | 24% | 25% | 25% | 24% | 25% | 25% | 25% | 24% | 24% | 29% |
| Net Profit | 3 | 9 | 38 | 24 | 24 | 25 | 39 | 31 | 32 | 37 | 59 | 39 |
| EPS in Rs | 1.78 | 4.14 | 15.76 | 9.66 | 9.82 | 10.25 | 15.65 | 12.23 | 12.68 | 14.76 | 23.78 | 15.68 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 18%
- 3 Years
- 6%
- TTM
- 17%
- 10 Years
- 14%
- 5 Years
- 143%
- 3 Years
- 41%
- TTM
- 40%
- 10 Years
- 9%
- 5 Years
- 13%
- 3 Years
- 28%
- TTM
- —
- 10 Years
- 10%
- 5 Years
- 11%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Wheels India | ₹ 2,242.00 | ₹ 5,268 Cr. | 35.5x | 5x | 16% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- S. Ram
- Executive Chairman of the Board
- P. Ramesh
- Chief Financial Officer
- Kunissery Viswanathan Lakshmi
- Compliance Officer, Company Secretary
- Srivats Ram
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.