Wheels India Ltd
NSE: WHEELS · Auto Components & Equipments · sector
₹2,205.70NSE close 2026-10-26
Key numbers
Market cap₹5,389 cr
Price₹2,205.70
52w high / low₹2,516 / ₹706
P/E33.0xSector median 24.3x
P/B5.2xSector median 3.3x
Book value₹426.3
Dividend yield0.55%Sector median 0.55%
ROE16.9%Sector median 14.0%
ROCE19.1%Sector median 15.8%
OPM7.6%Sector median 11.6%
Debt / equity0.66xSector median 0.28x
EV/EBITDA14.1xSector median 13.0x
Interest cover2.8x
Current ratio0.87x
Sales growth 3y+5.5%Sector median +9.0%
Profit growth 3y+39.6%Sector median +9.5%
PEG0.87x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4 cr vs borrowings ₹690 cr (FY26): borrowings are higher by ₹686 cr.
- Borrowings fell in each of the last 3 years (₹785 cr → ₹690 cr).
- Operating profit covered interest 2.8x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 1.45 percentage points in a year, to 56.86% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2,205.70 on 2026-10-26: -12.3% from the 52-week high, +212.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,452.70 · low ₹560.30
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,176 | 1,125 | 1,277 | 1,266 | 1,264 | 1,371 | 1,564 | 1,491 |
| EBITDA | 83 | 85 | 103 | 94 | 93 | 100 | 126 | 112 |
| OPM % | 7.1% | 7.6% | 8.1% | 7.4% | 7.3% | 7.3% | 8.1% | 7.5% |
| Other income | 1 | 2 | 1 | 3 | 5 | 6 | 9 | 2 |
| Net profit | 24 | 25 | 39 | 31 | 31 | 37 | 59 | 39 |
| EPS (₹) | 10.00 | 10.25 | 15.77 | 12.23 | 12.68 | 14.76 | 23.78 | 15.68 |
| Revenue YoY | +7.4% | +21.9% | +22.5% | +17.8% | ||||
| Profit YoY | +29.1% | +47.3% | +52.6% | +27.3% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,966 | 4,651 | 4,977 | 4,744 | 5,465 | 5,690 |
| EBITDA | 255 | 218 | 266 | 352 | 413 | 431 |
| Net profit | 76 | 58 | 63 | 112 | 158 | 166 |
| EPS (₹) | 31.78 | 24.13 | 25.69 | 45.39 | 63.44 | 66.90 |
| Revenue growth | +17.3% | +7.0% | -4.7% | +15.2% | +17.5% | |
| Profit growth | -24.1% | +8.1% | +78.7% | +40.9% | +40.1% | |
| Dividend / share (₹) | 1.00 | 11.30 | 3.97 | 11.89 | 12.33 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.5% | +17.8% | +17.5% |
| Net profit | +39.6% | +144.2% | +40.2% |
| EPS | +38.0% | +142.3% | – |
| Share price | – | +68.9% (2y) | +128.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 764 | 840 | 922 | 1,041 |
| Borrowings | – | 785 | 770 | 725 | 690 |
| Cash & equivalents | – | 5 | 5 | 5 | 4 |
| Total assets | – | 3,010 | 3,104 | 3,188 | 3,527 |
| Fixed assets | – | 998 | 1,114 | 1,260 | 1,469 |
| Capital work in progress | – | 114 | 77 | 50 | 69 |
| Investments | – | 28 | 32 | 46 | 78 |
| Receivables | – | 829 | 726 | 801 | 818 |
| Inventory | – | 844 | 882 | 769 | 746 |
| Payables | – | 1,165 | 1,197 | 1,221 | 1,338 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 28 | 373 | 329 | 400 | 477 |
| Cash from investing | -120 | -148 | -150 | -213 | -292 |
| Cash from financing | 84 | -211 | -146 | -188 | -175 |
| Capex | 135 | 151 | 150 | 209 | 277 |
| Free cash flow | -108 | 221 | 179 | 191 | 201 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.6% | 7.5% | 12.2% | 15.2% |
| ROCE % | – | 10.8% | 11.7% | 16.0% | 18.5% |
| Debtor days | – | 65 | 53 | 62 | 55 |
| Inventory days | – | 90 | 89 | 85 | 73 |
| Payable days | – | 124 | 121 | 135 | 131 |
| Cash conversion cycle (days) | – | 31 | 21 | 12 | -3 |
| Working capital days | – | -10 | -8 | -10 | -17 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 56.86% |
| FIIs | 2.57% |
| DIIs | 7.23% |
| of which Mutual funds | 4.41% |
| of which Insurance | 0.45% |
| Government | 0.00% |
| Public (non-institutions) | 33.34% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 59.51% | 56.86% | 56.86% |
| Promoter group | % |
|---|---|
| TSF Investments Limited | 26.57% |
| Trichur Sundaram Santhanam & Family Private Limited | 26.20% |
| India Motor Parts & Accessories Limited | 4.09% |
| Public holders above 1% | % |
|---|---|
| Maham Holdings Private Limited | 1.71% |
| Aditya Birla SUN Life Mutual Fund - Aditya Birla SUN Life Special Opportunities Fund | 1.42% |
| SBI Balanced Hybrid Fund | 1.25% |
| Nivedita RAM . | 1.22% |
| Sundharams Private Limited | 1.18% |
| Srivats RAM . | 1.17% |
| Hitesh Satishchandra Doshi | 1.16% |
| Revathi Holdings Private Limited | 1.05% |
32,503 shareholders. Pledged: 0.00% of promoter shares.
Peers in Auto Components & Equipments
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MOTHERSON | ₹1,62,274 cr | 37.0x | 4.0x | 11.6% | 12.9% | 9.3% | +17.0% | 0.44% |
| BOSCHLTD | ₹1,32,455 cr | 56.0x | 8.9x | 16.5% | 21.7% | 13.4% | +10.3% | 1.14% |
| BHARATFORG | ₹82,736 cr | 117.2x | 8.7x | 7.5% | 10.0% | 14.0% | +9.2% | 0.46% |
| UNOMINDA | ₹61,747 cr | 51.3x | 9.0x | 19.1% | 16.6% | 10.9% | +20.5% | 0.27% |
| SCHAEFFLER | ₹54,960 cr | 43.9x | 8.9x | 21.6% | 27.8% | 18.2% | – | – |
| SONACOMS | ₹48,637 cr | 69.8x | 8.1x | 12.0% | 15.2% | 23.6% | +18.7% | 0.41% |
| TIINDIA | ₹40,369 cr | 66.5x | 5.2x | 9.1% | 23.6% | 9.2% | +15.2% | 0.42% |
| ENDURANCE | ₹31,415 cr | 32.4x | 4.6x | 15.4% | 16.7% | 13.1% | +18.4% | 0.45% |
| EXIDEIND | ₹28,636 cr | 30.7x | 2.1x | 6.7% | 9.7% | 10.3% | +6.1% | 0.60% |
| WHEELS | ₹5,389 cr | 33.0x | 5.2x | 16.9% | 19.1% | 7.6% | +5.5% | 0.55% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Automotive | ₹4,526 cr | 82.8% | ₹288 cr | 6.4% |
| Industrial | ₹938 cr | 17.2% | ₹41 cr | 4.4% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-24 | Dividend | Dividend - Rs 9.14 Per Share |
| 2026-02-05 | Dividend | Interim Dividend - Rs 5.30 Per Share |
| 2025-07-10 | Dividend | Dividend - Rs 7.03 Per Share |
| 2025-02-03 | Dividend | Interim Dividend - Rs 4.50 Per Share |
| 2024-07-10 | Dividend | Annual General Meeting/Dividend - Rs 7.39 Per Share |
| 2023-07-12 | Dividend | Annual General Meeting/Dividend - Rs 3.97 Per Share |
| 2023-02-14 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2022-07-05 | Dividend | Annual General Meeting/Dividend - Rs 8.30 Per Share |
| 2021-07-27 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-07-22 | Dividend | Annual General Meeting/Dividend - Rs 2.65 Per Share |
| 2020-02-25 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-08-05 | Dividend | Annual General Meeting/Dividend - Rs 4.75 Per Share |
| 2019-02-15 | Dividend | Interim Dividend - Rs 3.25 Per Share |
| 2018-08-08 | Dividend | Annual General Meeting/Dividend- Rs 9 Per Share |
| 2018-08-08 | Bonus | Bonus 1:1 |
| 2018-02-15 | Dividend | Interim Dividend Rs 6/- Per Share |
| 2017-07-28 | Dividend | Annual General Meeting/ Dividend - Rs 8/- Per Share |
| 2017-02-17 | Dividend | Interim Dividend Rs 5/- Per Share |
| 2016-07-28 | Dividend | Annual General Meeting/Dividend Rs 5.50 Per Share |
| 2016-02-22 | Dividend | Interim Dividend - Rs 3.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufaturing: Metal and metal products
| Sector | Consumer Discretionary |
| Industry | Auto Components & Equipments |
| Sub-industry | Auto Components & Equipments |
| Symbol | WHEELS |
| BSE code | 590073 |
| ISIN | INE715A01015 |
| Face value | ₹10.0 |
| Incorporated | 1960-06-13 |
| Website | http://www.wheelsindia.com |
| Plants (India / abroad) | 14 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.