Wheels India Limited (WHEELS) AI Stock Analysis

• Market Cap: ₹18.05B
• Dividend Yield: 1.56%
• Average Volume (3M): 1.20K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 1.48
• Revenue Growth: -1.77%
• EPS Growth: 52.97%
• Country: IN
• Employees: 2,511
• Sector: Industrials
• Sector Strength: 73
• Industry: Auto - Parts
• EPS (TTM): 12.23
• Shares Outstanding: 24,433,012
• 10 Day Avg. Volume: 830
• 30 Day Avg. Volume: 1,196
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹797.00
• Price Target Upside: 7.86% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: ₹797.00 ▲(7.86% Upside)

Wheels India Limited shows solid financial performance with room for improvement in profitability. Technical indicators suggest potential short-term weakness, while valuation metrics indicate fair pricing. The absence of earnings call and corporate events data means these factors do not influence the score.

Wheels India Limited Business Overview & Revenue Model

Company Description

Wheels India Limited (WHEELS) is a leading manufacturer of automotive wheels and parts, serving a diverse range of sectors including commercial vehicles, passenger cars, agricultural tractors, and construction equipment. The company is known for its high-quality steel wheels and has expanded its product offerings to include air suspension systems and energy equipment components. With a strong focus on innovation and sustainability, Wheels India Limited caters to both domestic and international markets, ensuring a robust presence in the automotive industry.

How the Company Makes Money

Wheels India Limited generates revenue primarily through the manufacture and sale of steel wheels for a variety of vehicles, including commercial vehicles, passenger cars, and agricultural and construction equipment. The company's revenue streams are diversified across different sectors, allowing it to mitigate risks associated with market fluctuations in any single segment. Additionally, Wheels India has ventured into air suspension systems and energy equipment components, further contributing to its earnings. The company benefits from strategic partnerships with OEMs (Original Equipment Manufacturers) and leverages its extensive distribution network to reach a broad customer base. Factors such as technological advancements, cost-effective production processes, and adherence to global quality standards also play a significant role in driving the company's revenue.

Wheels India Limited Financial Statement Overview

Summary

Wheels India Limited shows strong revenue growth and operational efficiency with a gross margin of 30.2%. However, net profit margins and ROE are modest, indicating room for improvement in profitability and shareholder returns.

Income Statement

Wheels India Limited exhibits a strong revenue growth trajectory, with significant improvements in gross and EBIT margins over the years. The gross profit margin has reached 30.2% in the latest year, showcasing improved operational efficiency. However, net profit margins remain modest at 2.3%, indicating room for improvement in cost management and profitability.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.8, reflecting a balanced approach to leveraging. The equity ratio stands at 28.9%, suggesting a fair level of financial stability. Return on equity is relatively low at 12%, indicating potential for enhanced shareholder returns with better net income management.

Cash Flow

Free cash flow growth has been positive, with a 6.8% increase year-on-year. The operating cash flow to net income ratio is robust at 3.6, reflecting strong cash generation capability. However, the free cash flow to net income ratio is 1.72, indicating that while cash generation is healthy, there may be inefficiencies in converting earnings into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2021	Dec 2021
Income Statement
Total Revenue	47.44B	47.44B	42.43B	49.77B	22.19B	36.15B
Gross Profit	11.37B	14.33B	6.72B	13.33B	4.70B	5.97B
EBITDA	3.56B	3.52B	2.42B	2.66B	1.45B	2.67B
Net Income	1.11B	1.11B	553.50M	627.70M	18.20M	764.70M
Balance Sheet
Total Assets	31.88B	31.88B	30.10B	31.04B	24.76B	29.74B
Cash, Cash Equivalents and Short-Term Investments	49.10M	49.10M	25.90M	68.70M	27.80M	63.30M
Total Debt	7.37B	7.37B	7.85B	7.78B	6.98B	8.76B
Total Liabilities	22.56B	22.56B	22.32B	22.55B	17.96B	22.23B
Stockholders Equity	9.22B	9.22B	7.64B	8.40B	6.61B	7.34B
Cash Flow
Free Cash Flow	0.00	1.91B	2.21B	1.79B	284.00M	-1.08B
Operating Cash Flow	0.00	4.00B	3.73B	3.29B	1.48B	276.10M
Investing Cash Flow	0.00	-2.13B	-1.48B	-1.54B	-1.18B	-1.20B
Financing Cash Flow	0.00	-1.88B	-2.11B	-1.46B	-310.80M	838.10M

Wheels India Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 738.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WHEELS, the sentiment is Neutral. The current price of 738.9 is above the 20-day moving average (MA) of 735.04, below the 50-day MA of 768.89, and above the 200-day MA of 698.19, indicating a neutral trend. The MACD of -6.46 indicates Negative momentum. The RSI at 45.97 is Neutral, neither overbought nor oversold. The STOCH value of 33.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:WHEELS.

Wheels India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DIVGIITTS	76 Outperform	₹20.84B	73.70		0.40%	-5.86%	-22.41%
GNA	74 Outperform	₹13.28B	13.28		0.95%	-3.10%	8.21%
STERTOOLS	68 Neutral	₹11.61B	23.67		0.77%	-5.67%	-19.62%
MMFL	67 Neutral	₹15.04B	13.56		1.26%	-4.47%	-17.62%
WHEELS	65 Neutral	₹18.05B	15.47		1.56%	-1.77%	52.97%
PRECAM	64 Neutral	₹16.66B	27.18		0.57%	-21.36%	28.08%
Sector *	64 Neutral	$10.73B	15.65	7.61%	2.01%	2.80%	-14.92%