Wheels India Limited (WHEELS) AI Stock Analysis

• Market Cap: ₹22.26B
• Dividend Yield: 1.25%
• Average Volume (3M): 10.39K
• Price to Earnings (P/E): 19.0
• Beta (1Y): 1.36
• Revenue Growth: -1.77%
• EPS Growth: 52.97%
• Country: IN
• Employees: 2,511
• Sector: Industrials
• Sector Strength: 72
• Industry: Auto - Parts
• EPS (TTM): 12.23
• Shares Outstanding: 24,433,012
• 10 Day Avg. Volume: 7,209
• 30 Day Avg. Volume: 10,387
• PEG Ratio: 0.17
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.31
• P/FCF Ratio: 7.73
• 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: ₹805.00
• Price Target Upside: -11.65% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: ₹805.00 ▼(-11.65% Downside)

Wheels India Limited's overall stock score reflects its solid financial performance, characterized by revenue growth and operational efficiency. The technical analysis indicates a neutral trend, while the valuation suggests the stock is fairly priced with a modest dividend yield. The absence of earnings call data and corporate events does not impact the score.

Wheels India Limited Business Overview & Revenue Model

Company Description

Wheels India Limited, together with its subsidiary, engages in the manufacture and sale of automotive and industrial components in India and internationally. The company offers steel wheels for use in heavy and light vehicles, as well as for agricultural applications; off-road construction wheels, wire wheels, and forged aluminum wheels; air suspension systems for buses, trucks, and trailers, as well as control and specialty products; and wind turbines and machined components for various other applications. It also provides auto structural products, such as beams, boxes, columns, auto welded and manually welded plates, and rolled sections; and fabrication services for construction and mining equipment sector. Wheels India Limited was incorporated in 1960 and is based in Chennai, India.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	48.44B	47.44B	49.77B	46.40B	39.66B	24.13B
Gross Profit	13.42B	14.33B	13.33B	6.72B	5.97B	4.70B
EBITDA	3.75B	3.52B	2.66B	2.42B	2.67B	1.45B
Net Income	1.17B	1.11B	627.70M	553.50M	764.70M	18.20M
Balance Sheet
Total Assets	0.00	31.88B	31.04B	30.10B	29.74B	24.76B
Cash, Cash Equivalents and Short-Term Investments	42.00M	82.70M	68.70M	25.90M	63.30M	27.80M
Total Debt	0.00	7.37B	7.78B	8.19B	8.76B	6.98B
Total Liabilities	-9.32B	22.56B	22.55B	22.32B	22.23B	17.96B
Stockholders Equity	9.32B	9.22B	8.40B	7.64B	7.34B	6.61B
Cash Flow
Free Cash Flow	0.00	1.91B	1.79B	2.21B	-1.08B	284.00M
Operating Cash Flow	0.00	4.00B	3.29B	3.73B	276.10M	1.48B
Investing Cash Flow	0.00	-2.13B	-1.50B	-1.48B	-1.20B	-1.18B
Financing Cash Flow	0.00	-1.88B	-1.46B	-2.11B	838.10M	-310.80M

Wheels India Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 911.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 911.2 is above the 20-day moving average (MA) of 886.30, above the 50-day MA of 801.75, and above the 200-day MA of 719.22, indicating a bullish trend. The MACD of 36.29 indicates Positive momentum. The RSI at 63.53 is Neutral, neither overbought nor oversold. The STOCH value of 64.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	72.29	―	0.41%	-5.86%	-22.41%
GNA	70 Outperform	₹13.15B	12.85	―	0.97%	-3.10%	8.21%
MMFL	70 Outperform	₹14.45B	13.03	―	1.34%	-4.47%	-17.62%
STERTOOLS	69 Neutral	₹11.32B	23.10	―	0.80%	-5.67%	-19.62%
WHEELS	65 Neutral	₹22.26B	19.00	―	1.25%	-1.77%	52.97%
PRECAM	64 Neutral	₹17.85B	29.12	―	0.52%	-21.36%	28.08%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%