Wheels India Limited (IN:WHEELS)
:WHEELS
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Wheels India Limited
(WHEELS)
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Rating:58Neutral
Price Target:
₹1,042.00
▲(18.96% Upside)
Action:DowngradedDate:11/26/25
Wheels India Limited's overall stock score reflects solid financial performance with room for improvement in profitability metrics. The technical analysis indicates bearish momentum, which weighs down the score. Valuation is fair, but not compelling enough to offset the negative technical indicators.
Positive Factors
Revenue Growth
Sustained revenue growth indicates expanding OEM and aftermarket penetration and resilient end-market demand for wheels. Over a 2-6 month horizon, continued top-line expansion supports capacity utilization, scale benefits and provides the runway for reinvestment in productivity and product development.
Negative Factors
Low Net Margin
A low net margin near 2-3% suggests limited ability to translate improved gross margins into shareholder returns. Persistent downstream costs, overhead or pricing pressure from OEM customers could cap net profitability, constraining free cash flow expansion and long-term return on invested capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue growth indicates expanding OEM and aftermarket penetration and resilient end-market demand for wheels. Over a 2-6 month horizon, continued top-line expansion supports capacity utilization, scale benefits and provides the runway for reinvestment in productivity and product development.
Read all positive factors
Wheels India Limited (WHEELS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.48B
Dividend Yield1.34%
Average Volume (3M)10.39K
Price to Earnings (P/E)14.6
Beta (1Y)1.38
Revenue Growth2.22%
EPS Growth29.00%
CountryIN
Employees2,511
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)14.76
Shares Outstanding24,433,012
10 Day Avg. Volume7,209
30 Day Avg. Volume10,387
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)1.60
Price to Sales (P/S)0.31
P/FCF Ratio7.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 agric...
How the Company Makes Money
Wheels India makes money primarily by manufacturing and selling automotive wheels and related engineered products to customers, with revenues recognized largely from product sales. Its key revenue stream is supplying wheels—predominantly to OEMs—u...
Wheels India Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.32B | 47.44B | 49.77B | 46.40B | 39.66B | 24.13B |
| Gross Profit | 15.50B | 14.33B | 13.33B | 6.72B | 5.97B | 4.70B |
| EBITDA | 3.89B | 3.52B | 2.66B | 2.42B | 2.67B | 1.44B |
| Net Income | 1.24B | 1.11B | 627.70M | 553.50M | 764.70M | 18.20M |
Balance Sheet | ||||||
| Total Assets | 33.06B | 31.88B | 31.04B | 30.10B | 29.74B | 24.76B |
| Cash, Cash Equivalents and Short-Term Investments | 327.60M | 82.70M | 68.70M | 25.90M | 63.30M | 27.80M |
| Total Debt | 7.36B | 7.37B | 7.78B | 8.19B | 8.76B | 6.98B |
| Total Liabilities | 23.31B | 22.56B | 22.55B | 22.32B | 22.23B | 17.96B |
| Stockholders Equity | 9.63B | 9.22B | 8.40B | 7.64B | 7.34B | 6.61B |
Cash Flow | ||||||
| Free Cash Flow | 1.16B | 1.91B | 1.79B | 2.21B | -1.08B | 284.00M |
| Operating Cash Flow | 2.30B | 4.00B | 3.29B | 3.73B | 276.10M | 1.48B |
| Investing Cash Flow | -1.34B | -2.13B | -1.50B | -1.48B | -1.20B | -1.18B |
| Financing Cash Flow | -686.70M | -1.88B | -1.46B | -2.11B | 838.10M | -310.80M |
Wheels India Limited Technical Analysis
Positive
875.95
Price Trends
901.52
Positive
871.98
Positive
839.88
Positive
Market Momentum
23.23
Positive
54.92
Neutral
17.30
Positive
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 875.95 is below the 20-day moving average (MA) of 974.46, below the 50-day MA of 901.52, and above the 200-day MA of 839.88, indicating a bullish trend. The MACD of 23.23 indicates Positive momentum. The RSI at 54.92 is Neutral, neither overbought nor oversold. The STOCH value of 17.30 is Positive, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹21.34B | 24.91 | ― | 1.07% | -4.47% | -17.62% | |
72 Outperform | ₹17.52B | 10.02 | ― | 0.95% | -4.65% | 9.95% | |
68 Neutral | ₹20.55B | 39.75 | ― | 0.44% | 12.30% | -6.54% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ₹8.82B | 157.48 | ― | 0.87% | -19.33% | -26.30% | |
62 Neutral | ₹13.51B | 42.91 | ― | 0.61% | -21.74% | 38.10% | |
58 Neutral | ₹24.48B | 14.57 | ― | 1.34% | 2.22% | 29.00% |
* Industrials Sector Average
IN:WHEELS
Wheels India Limited
1,001.80
393.61
64.72%
IN:DIVGIITTS
Divgi TorqTransfer Systems Ltd.
671.90
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57.98%
IN:GNA
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408.15
110.38
37.07%
IN:MMFL
MM Forgings Limited
442.05
111.75
33.83%
IN:PRECAM
Precision Camshafts Ltd.
142.25
-10.97
-7.16%
IN:STERTOOLS
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242.80
-49.60
-16.96%
Wheels India Limited Corporate Events
Wheels India to Close Trading Window Ahead of FY26 Results
Mar 27, 2026
Wheels India Limited has announced that its trading window for dealing in equity shares will be closed for designated persons and their immediate relatives from April 1, 2026. The window will remain shut until 48 hours after the declaration of the...
Wheels India Posts Steady Q3 FY26 Performance, Declares Interim Dividend
Jan 29, 2026
Wheels India Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, showing continued profitability with net profit on a standalone basis rising to Rs ...
Wheels India Declares Interim Dividend After Reporting Strong Q3 FY26 Results
Jan 29, 2026
Wheels India Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, showing continued growth in revenue from operations and profitability compared with...
Wheels India Q3 Profit Jumps as GST 2.0 and Export Demand Power 21.7% Revenue Surge
Jan 29, 2026
Wheels India reported a strong third quarter for the period ended December 31, 2025, with net profit rising to Rs 32.05 crore from Rs 22.57 crore a year earlier and revenues climbing 21.7% to Rs 1,287 crore, driven primarily by robust domestic dem...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.