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NSE:WHEELS

WHEELS INDIA LTD

Automobile and Auto Components › Auto Components
₹2,239.90
at close · 28 Oct 2026
▼ 0.20 (-0.01%)

Latest filings

Next results: Thu, 29 Oct · Financial Results
  1. ICRA upgrades Wheels India's credit ratings · Credit & Debt
  2. Wheels India schedules investor call for Q2 and H1 FY27 results · Board & Shareholder Meetings
  3. Wheels India files quarterly dematerialisation certificate for Q2 FY26 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures wheels and related components for the automotive and industrial sectors, with FY26 revenue of ₹5,464.94 crore and EBITDA margin of 7.97%. Its Automotive segment, the larger line, supplies wheels for cars, trucks, agri tractors and construction equipment to vehicle OEMs. The smaller Industrial segment covers other specialized component lines, recording ₹938.52 crore in FY26 revenue. A 50:50 joint venture with Bosch and Brakes India is targeting electronically controlled air system products for commercial vehicles (trucks and buses), including air compression, air processing, air suspension and air parking brake modules for global OEMs. Both segments posted growth in Q1 FY27, with consolidated revenue of ₹1,491 crore and exports of ₹380 crore. Raw materials, chiefly steel, form the largest input cost at 68.4% of revenue, while capex runs at 5.1% of revenue, reflecting an asset-heavy manufacturing base.

Operating scale
FY26 Automotive segment revenue
₹4,526.42 croreFY26
FY26 Industrial segment revenue
₹938.52 croreFY26
Q1 FY27 consolidated revenue
₹1,491 croreQ1 FY27
Q1 FY27 exports
₹380 croreQ1 FY27
Outstanding public deposits
₹33.17 crore from 6,389 depositorsFY26
Joint venture with Bosch
50:50 JV (with Brakes India) for electronically controlled air systems for commercial vehiclesFY26
Who pays it
Vehicle OEMs (cars, trucks, buses, agri tractors, construction equipment makers) in India and overseas
Biggest cost
Raw materials (steel) at 68.4% of revenue
Kind of business
Asset-heavy auto components manufacturer with cyclical exposure to commercial vehicle, tractor and construction equipment demand
Where it sits
Indian wheel maker diversifying into commercial vehicle air-system electronics through a 50:50 JV with Bosch and Brakes India
Market Cap
₹5,472 Cr
P / E (TTM)
33.5×
EV / EBITDA
13.6×
Div Yield
0.55%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
21.9%▲
ROCE (FY26)
ROE 15.0% · margin 8.0%
Leverage
0.65·
Debt / Equity · moderate
Net debt ₹686 Cr
Revenue FY23→FY26
1.2×▲
Margin +1.7 pts
₹4,651 Cr → ₹5,465 Cr
Cash conversion
4.12×▲
Operating cash ÷ profit · 4 yrs
₹1,580 Cr on ₹383 Cr
Moves on a normal day
1.59%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#74/119
P/B#87/117
ROCE#58/125
ROE#35/117
Debt / Equity#91/117
EBITDA margin#100/118
Revenue growth#66/113
Profit growth#56/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Over 4 years it reported ₹383 Cr of profit and ₹1,580 Cr of operating cash — 4.12×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.65× equity
higher than 78% of its 117 Auto Components & Equipments peers

Charts

How has the market priced it — with filings on the timeline?

WHEELS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from WHEELS INDIA LTD's filed financials and exchange disclosures

What does WHEELS INDIA LTD do?

WHEELS INDIA LTD is a Auto Components company listed on NSE and BSE, trading under the symbol WHEELS.

Is WHEELS INDIA LTD profitable?

Yes. Over the trailing twelve months WHEELS INDIA LTD reported a net profit of ₹166 Cr on revenue of ₹5,690 Cr.

Does WHEELS INDIA LTD pay a dividend?

Yes. The dividend yield is 0.55% at the current price. It paid out 19% of its profit as dividend in FY26.

Is WHEELS INDIA LTD debt-free?

No. It reported borrowings of ₹690 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹686 Cr after cash. Debt stands at 0.65× equity. That is higher than 78% of its 117 Auto Components & Equipments peers.

Is WHEELS INDIA LTD expensive compared with its peers?

On trailing P/E, WHEELS INDIA LTD ranks 74 of 119 in Auto Components & Equipments — cheaper than 38% of them, against an industry median of 25.3×. This is a position, not a valuation judgement.

How much does the WHEELS INDIA LTD share price move in a day?

On a typical session WHEELS INDIA LTD moves 1.59% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are WHEELS INDIA LTD's next results?

Financial Results on Thu, 29 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track WHEELS INDIA LTD's announcements?

Every NSE and BSE filing by WHEELS INDIA LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.