Wheels India Limited (WHEELS) AI Stock Analysis

• Market Cap: ₹17.75B
• Dividend Yield: 1.59%
• Average Volume (3M): 2.71K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.46
• Revenue Growth: -1.77%
• EPS Growth: 52.97%
• Country: IN
• Employees: 2,511
• Sector: Industrials
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 12.23
• Shares Outstanding: 24,433,012
• 10 Day Avg. Volume: 1,302
• 30 Day Avg. Volume: 2,711
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹841.00
• Price Target Upside: 15.74% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹841.00 ▲(15.74% Upside)

Wheels India Limited's overall score is influenced predominantly by its strong financial performance and fair valuation. The company exhibits robust revenue growth and operational efficiency. However, the technical analysis indicates potential bearish sentiment, and profitability metrics suggest room for improvement.

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 demonstrates solid growth in revenue and operational efficiency, with stable leverage and cash flow generation. While profitability metrics like net margins and ROE are areas for improvement, the company is positioned well within the Auto - Parts industry with balanced financial health and a potential for enhanced returns through better cost management.

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	Mar 2025	Mar 2023	Mar 2024	Mar 2021	Mar 2022
Income Statement
Total Revenue	47.44B	42.43B	49.77B	22.19B	36.15B
Gross Profit	14.33B	6.72B	13.33B	4.70B	5.97B
EBITDA	3.52B	2.42B	2.66B	1.45B	2.67B
Net Income	1.11B	553.50M	627.70M	18.20M	764.70M
Balance Sheet
Total Assets	31.88B	30.10B	31.04B	24.76B	29.74B
Cash, Cash Equivalents and Short-Term Investments	49.10M	25.90M	68.70M	27.80M	63.30M
Total Debt	7.37B	7.85B	7.78B	6.98B	8.76B
Total Liabilities	22.56B	22.32B	22.55B	17.96B	22.23B
Stockholders Equity	9.22B	7.64B	8.40B	6.61B	7.34B
Cash Flow
Free Cash Flow	1.91B	2.21B	1.79B	284.00M	-1.08B
Operating Cash Flow	4.00B	3.73B	3.29B	1.48B	276.10M
Investing Cash Flow	-2.13B	-1.48B	-1.54B	-1.18B	-1.20B
Financing Cash Flow	-1.88B	-2.11B	-1.46B	-310.80M	838.10M

Wheels India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 726.60
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WHEELS, the sentiment is Negative. The current price of 726.6 is below the 20-day moving average (MA) of 780.30, below the 50-day MA of 771.41, and above the 200-day MA of 695.68, indicating a neutral trend. The MACD of -14.33 indicates Positive momentum. The RSI at 31.93 is Neutral, neither overbought nor oversold. The STOCH value of 10.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	₹19.78B	72.30		0.40%	-5.86%	-22.41%
STERTOOLS	73 Outperform	₹11.11B	22.67		0.66%	-5.67%	-19.59%
WHEELS	69 Neutral	₹17.75B	15.15		1.59%	-1.77%	52.97%
MMFL	67 Neutral	₹14.68B	13.24		1.34%	-4.47%	-17.62%
GNA	67 Neutral	₹12.99B	12.70		0.99%	-3.10%	8.21%
Sector *	66 Neutral	€10.82B	25.68	6.80%	2.53%	4.18%	-30.62%
PRECAM	59 Neutral	₹16.25B	26.51		0.58%	-16.08%	34.08%