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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive, Industrial. Asset-heavy auto components manufacturer with cyclical exposure to commercial vehicle, tractor and construction equipment demand
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 4,651 | 4,977 | 4,744 | 5,465 |
| EBITDA (ex other income) | 218 | 266 | 352 | 413 |
| margin % | 4.7 | 5.3 | 7.4 | 7.6 |
| Owners' profit | 58 | 63 | 0 | 0 |
| EPS, as reported (₹) | 24.13 | 25.69 | 45.39 | 63.44 |
| ROE % · ROCE % | 7.0 · 16.0 | 6.9 · 15.7 | 12.0 · 20.2 | 15.0 · 21.9 |
| Debt / equity (x) | 1.01 | 0.91 | 0.78 | 0.65 |
| Cash from operations | 373 | 329 | 400 | 477 |
| Capex | (151) | (150) | (209) | (277) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,176 | 1,125 | 1,277 | 1,266 | 1,264 | 1,371 | 1,564 | 1,491 |
| Profit before tax | 31 | 32 | 50 | 40 | 40 | 47 | 74 | 52 |
| Net profit | 24 | 25 | 39 | 31 | 32 | 37 | 59 | 39 |
| EPS (₹) | 10.00 | 10.25 | 15.77 | 12.23 | 12.68 | 14.76 | 23.78 | 15.68 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Automotive | 4,526 | 82.8 |
| Industrial | 939 | 17.2 |
| Total, before eliminations | 5,465 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Wheels India responds to NSE query on price spurt, says no undisclosed info | regulatory legal | medium | — | — |
| 9 Sept 2026 · BSE seeks clarification on significant price movement | regulatory legal | high | — | — |
| 7 Sept 2026 · Wheels India shares investor deck for Sept 7-9 analyst meetings | investor communications | medium | — | — |
| 6 Sept 2026 · Wheels India shares investor presentation for Sept 7-9 conference call | investor communications | medium | — | — |
| 6 Sept 2026 · Investor presentation filed for analyst conference call from Sep 7 to Sep 9, 2026 | investor communications | medium | — | — |
| 6 Sept 2026 · Investor presentation filed for Sept 7-9 conference call | investor communications | medium | — | — |
| 6 Sept 2026 · Investor presentation shared for Sept 7-9 analyst meetings | investor communications | medium | — | — |
| 6 Sept 2026 · Investor Presentation for Conference Call with Fund Managers and Analysts | investor communications | medium | — | — |
| 6 Sept 2026 · Investor presentation shared ahead of analyst/investor meetings | investor communications | medium | — | — |
| 2 Sept 2026 · Wheels India to hold institutional investor meetings from September 7 to 9 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 35.1 |
| 18.7 |
| 24.1 |
| 15.6 |
| 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 33.3 | 26.7 | 75 of 123 | 39% |
| P/B | 5.2 | 3.5 | 81 of 116 | 30% |
| ROCE | 13.7 | 12.6 | 58 of 125 | 54% |
| ROE | 15.0 | 11.6 | 35 of 119 | 71% |
| Debt / Equity | 0.7 | 0.3 | 93 of 119 | 22% |
| EBITDA margin | 7.6 | 12.2 | 100 of 118 | 15% |
| Revenue growth | 17.8 | 20.2 | 66 of 113 | 42% |
| Profit growth | 27.3 | 24.4 | 56 of 115 | 52% |
| Market cap | 5445 | 1542 | 37 of 125 | 71% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
