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NIFTY 5024,980.40+0.35%
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Wheels India Limited

Wheels India Limited

NSE: WHEELS
Auto PartsConsumer CyclicalSMALL CAPMCap ₹6.59k Cr
₹2,452.70₹53.20 (+2.22%)

Market Closed • NSE

Market cap₹6.59k Cr
Enterprise value₹6.64k Cr
P/E TTM36.66
Forward P/E65.79
P/B5.75
EPS TTM₹66.90
Forward EPS₹37.28
D/E0.73
Dividend yield0.01%
52W high₹2,498.00
52W low₹705.85
Price chart(1Y)
1Y Return:+50.04% (+₹818.00)
H: ₹2,498L: ₹1,342
1W+4.97%
1M+15.44%
3M+64.74%
6M+131.09%
1Y+169.23%
Today at a glance

Day range

₹2,380.10₹2,470.00

52 week range

₹705.85₹2,498.00
Volume91.8K0.47x 20D avg
Free float50.00%-52.70% volume

Wheels India Limited closed at INR2452.70 (+2.22%) on volume 0.47x its 20-day average, trading 1.81% below its 52-week high.

Technical analysis
RSI (14)69.5Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹125.49High
SMA 20₹2,267.57BULLISH
SMA 50₹1,920.56BULLISH
SMA 100₹1,721.43BULLISH
SMA 200₹1,373.07BULLISH
CPR bottom₹2,378.25
Pivot₹2,385.33
CPR top₹2,392.42
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +61% QoQ

2026-06-24

DIVIDEND Announced

Dividend - Rs 9.14 Per Share

2026-02-05

DIVIDEND Announced

Interim Dividend - Rs 5.30 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹768.1 Cr₹6.59k Cr11.66%≤ 33%PASS
Non-halal income ratio–₹5.46k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹3.52k Cr₹3.53k Cr99.90%≥ 20%PASS
Receivables ratio–₹3.53k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E36.6626.80
Forward P/E65.79—
P/B5.752.70
EV/EBITDA—18.00
PEG—1.00
Earnings yield2.703.70
Growth & profitability
RevenuePAT
FY23PAT margin 1.30%
FY24PAT margin 1.40%
FY25PAT margin 2.30%
FY26PAT margin 2.80%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+8.80%
Revenue CAGR 5Y—
PAT CAGR 3Y+41.00%
PAT CAGR 5Y—
Operating margin5.29%
Net margin2.87%
Financial health & cash flow
Net debt₹764.5 CrModerate
Interest coverage2.50xEBIT / interest
CFO / PAT3.67x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹477.4 Cr
Capital expenditure–
Free cash flow₹200.6 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation50/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 3.67x over last 3 years

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Auto Parts.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
24 Jun 2026Dividend₹9.14 / share—24 Jun 2026
05 Feb 2026Dividend₹5.30 / share—05 Feb 2026
10 Jul 2025Dividend₹7.03 / share—10 Jul 2025
03 Feb 2025Dividend₹4.50 / share—03 Feb 2025
—Dividend₹7.39 / share—10 Jul 2024
—Dividend₹3.97 / share—12 Jul 2023
14 Feb 2023Dividend₹3.00 / share—14 Feb 2023
—Dividend₹8.30 / share—05 Jul 2022
—Dividend₹1.00 / share—27 Jul 2021
—Dividend₹2.65 / share—22 Jul 2020
26 Feb 2020Dividend₹3.00 / share—25 Feb 2020
—Dividend₹4.75 / share—05 Aug 2019
18 Feb 2019Dividend₹3.25 / share—15 Feb 2019
09 Aug 2018Bonus issue1:1 bonus ratio—08 Aug 2018
—Dividend₹9.00 / share—08 Aug 2018
19 Feb 2018Dividend₹6.00 / share—15 Feb 2018
—Dividend₹8.00 / share—28 Jul 2017
21 Feb 2017Dividend₹5.00 / share—17 Feb 2017
—Dividend₹5.50 / share—28 Jul 2016
23 Feb 2016Dividend₹3.50 / share—22 Feb 2016
—Dividend₹4.50 / share—30 Jul 2015
13 Feb 2015Dividend₹3.00 / share—12 Feb 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)39.76%+5.82% latest vs average
Highest delivery53.95%on 12 Oct
Average volume (20D)194.2KTrading-session average
Conviction trendStrengthening+5.82% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About Wheels India Limited
Wheels India Limited

Wheels India Limited, together with its subsidiary, manufactures and sells automotive and industrial components in India and internationally. The company provides steel, cast aluminum, forged aluminum, and wire wheel for use in passenger and light cargo vehicles, trucks, trailers, buses, agriculture and farm equipment, off-road vehicles, and defense vehicles; vehicle chassis and suspensions; wind turbines; fabricated and precision products for construction, mining vehicle, and other equipment; hydraulic cylinders for energy equipment and off-road vehicles; and railway products, such as bogie frames and bolsters. It also offers components and structures for windmill, railways, and thermal power plants. The company was incorporated in 1960 and is headquartered in Chennai, India.

IndiaConsumer Cyclical

Questions investors ask
Is Wheels India Limited Shariah compliant?

Wheels India Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (11.66%) complies with AAOIFI threshold (≤ 33%).

What is Wheels India Limited's current valuation relative to peers?

Wheels India Limited trades at a P/E of 36.7x compared to the sector median of 26.8x, and a Price-to-Book of 5.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.73x. Interest coverage is 2.5x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.