Wheels India Ltd

Wheels India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Wheels India Ltd

₹ 683 -1.67%
26 Dec - close price
wheelsindia.com BSE: 590073 NSE: WHEELS
About

Wheels India is engaged in the Business of Manufacture of Road Wheels , Parts & Accessories for Machinery / Equipments used by construction and mining industries and Wind Turbine Parts.
[1]

Key Points

Product Portfolio[1]
Automotive Wheels Division (covering cars, trucks, and tractors), Construction Equipment Division (which provides for wheels, fabrications, and hydraulic cylinders), Energy Products Division (focused on the wind turbine sector and railways), and Air Suspension & Lift Axle Division. Additionally, their subsidiary, WCWL, manufactures steel wheels for light passenger vehicle

Website BSE NSE
  • Market Cap ₹ 1,670 Cr.
  • Current Price ₹ 683
  • High / Low ₹ 915 / 548
  • Stock P/E 17.6
  • Book Value ₹ 356
  • Dividend Yield 1.08 %
  • ROCE 12.3 %
  • ROE 7.38 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 28.4%
  • Company's working capital requirements have reduced from 38.1 days to 26.7 days

Cons

  • Company has a low return on equity of 8.23% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
973 1,077 1,188 1,134 1,184 1,078 1,251 1,212 1,284 1,210 1,271 1,166 1,176
906 1,010 1,116 1,086 1,127 1,033 1,181 1,153 1,236 1,150 1,174 1,086 1,093
Operating Profit 67 67 72 48 57 45 70 58 48 60 97 79 83
OPM % 7% 6% 6% 4% 5% 4% 6% 5% 4% 5% 8% 7% 7%
1 2 7 5 1 15 6 4 7 2 5 4 2
Interest 16 19 20 22 26 27 30 31 30 30 31 29 31
Depreciation 26 26 26 18 19 18 19 20 21 21 22 23 23
Profit before tax 27 24 34 13 14 14 26 11 3 11 50 31 32
Tax % 25% 23% 24% 24% 25% 26% 17% 21% -12% 19% 24% 25% 25%
20 19 26 10 10 11 21 9 3 9 38 24 24
EPS in Rs 8.55 8.05 11.12 4.22 4.72 4.98 9.28 4.07 1.78 4.14 15.76 9.66 9.82
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,987 2,173 2,563 3,441 2,672 2,413 3,966 4,640 4,977 4,824
1,815 1,987 2,364 3,196 2,500 2,270 3,712 4,420 4,711 4,504
Operating Profit 172 186 199 245 172 143 255 221 266 320
OPM % 9% 9% 8% 7% 6% 6% 6% 5% 5% 7%
2 4 23 8 8 2 16 26 16 14
Interest 58 48 45 66 67 59 71 106 122 121
Depreciation 60 64 70 79 78 86 101 74 85 88
Profit before tax 56 78 106 108 36 1 98 66 75 125
Tax % 29% 24% 29% 30% -33% 85% 24% 22% 21%
41 59 75 76 47 0 74 51 59 95
EPS in Rs 17.07 24.58 31.15 31.79 20.39 0.76 31.78 23.00 25.69 39.38
Dividend Payout % 26% 26% 24% 25% 28% 132% 26% 30% 29%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 27%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: -5%
3 Years: 689%
TTM: 116%
Stock Price CAGR
10 Years: 4%
5 Years: 2%
3 Years: 4%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 8%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 12 12 24 24 24 24 24 24 24
Reserves 402 457 575 616 640 637 710 731 815 845
386 369 359 495 650 698 876 819 778 748
495 532 718 880 674 1,118 1,364 1,474 1,487 1,424
Total Liabilities 1,295 1,369 1,663 2,015 1,987 2,476 2,974 3,048 3,104 3,041
518 526 557 710 753 883 903 1,060 1,149 1,158
CWIP 17 22 65 65 198 114 126 114 77 144
Investments 17 19 21 23 23 23 24 22 32 41
743 802 1,019 1,216 1,013 1,456 1,921 1,851 1,845 1,699
Total Assets 1,295 1,369 1,663 2,015 1,987 2,476 2,974 3,048 3,104 3,041

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
148 155 131 184 184 148 28 370 329
-69 -75 -135 -230 -242 -118 -120 -152 -150
-82 -75 9 38 70 -31 84 -216 -146
Net Cash Flow -2 5 5 -9 12 -0 -9 3 34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 64 73 69 62 65 112 82 60 53
Inventory Days 84 71 78 66 81 119 101 95 89
Days Payable 104 108 103 97 99 195 136 124 121
Cash Conversion Cycle 44 37 44 31 46 36 46 31 21
Working Capital Days 42 35 40 33 33 58 53 34 27
ROCE % 15% 15% 16% 8% 4% 11% 11% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.53% 57.53% 57.53% 57.53% 58.10% 58.73% 58.73% 58.31% 58.31% 58.31% 58.31% 58.31%
0.00% 0.27% 0.33% 0.40% 0.40% 0.42% 0.21% 0.26% 0.19% 0.29% 0.81% 0.42%
20.16% 19.93% 19.95% 19.98% 20.02% 20.02% 20.02% 18.81% 18.32% 13.13% 12.16% 11.99%
22.32% 22.27% 22.19% 22.09% 21.48% 20.83% 21.04% 22.61% 23.18% 28.27% 28.72% 29.28%
No. of Shareholders 16,34616,21716,19515,78515,65815,58715,35216,24516,77520,43421,22622,686

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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