Wheels India Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 9.14 per equity share.
WHEELS · price
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Wheels India Limited board meeting on May 15, 2026 recommended a final dividend of Rs. 9.14 per equity share (91.4% on face value of Rs. 10) for FY 2025-26, totaling Rs. 22.33 crores. The company reported robust financial performance with standalone revenue growing 15.5% to Rs. 5,098.35 crores and net profit rising 30.9% to Rs. 138.56 crores. Consolidated revenue increased 15.2% to Rs. 5,464.94 crores with net profit up 40.9% to Rs. 158.05 crores. EPS improved significantly to Rs. 56.71 (standalone) and Rs. 63.44 (consolidated). The 67th AGM is scheduled for July 1, 2026, with record date for dividend set at June 24, 2026 and payment by July 30, 2026.
Strong earnings growth supports the dividend recommendation, which is positive for shareholders. The stock pays a dividend yield above 3% at current market prices, making it attractive for income-focused investors.