Wheels India
NSE: WHEELS · Auto Components & Equipments
Snapshot
Unlock Wheels India's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Wheels India Limited is a prominent manufacturer of automotive and industrial components, specialising in steel wheels for diverse vehicle segments and agricultural applications. The company also produces air suspension systems, wind turbine components, and structural fabrication products for the construction and mining sectors.
Business Model
The company generates revenue through the manufacturing and sale of engineered automotive components, serving both domestic and international original equipment manufacturers. Its business model relies on high-volume production of wheels and suspension systems, alongside value-added fabrication services for industrial applications.
- Incorporation Year:1960
Growth Outlook
Growth is driven by the expansion of the automotive sector, increasing demand for specialised off-road and forged aluminium wheels, and the diversification into wind energy components. The company continues to leverage its fabrication capabilities to support the infrastructure and mining equipment markets.
Key Risks
- Cyclical Automotive Demand. The company's performance is highly sensitive to the cyclical nature of the automotive industry and fluctuations in vehicle production volumes.
- Raw Material Price Volatility. Significant fluctuations in the prices of steel and aluminium can adversely impact operating margins if costs cannot be fully passed on to customers.
- Export Market Dependency. Exposure to international markets introduces risks related to geopolitical instability, currency fluctuations, and varying global trade regulations.
- Technological Disruption. The transition towards electric vehicles may necessitate significant capital investment to adapt existing manufacturing processes and product portfolios.
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Key Metrics
REVENUE
₹6,137 Cr
TTM · consolidated
NET PROFIT
₹195 Cr
TTM · consolidated
EPS
₹78.43
TTM · consolidated
RETURN ON EQUITY
15.7%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
22.7%
TTM · consolidated
P/E
27.2×
Q2 FY27 · consolidated
EV/EBITDA
12.4x
Q2 FY27 · consolidated
EBITDA MARGIN
8.1%
TTM · consolidated
NET PROFIT MARGIN
3.5%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.5x
Q2 FY27 · consolidated
Peers · Auto Components & Equipments
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Wheels IndiaWHEELS | ₹5,477 Cr | 27.2× | 12.39 | 24.5% | 8.1% | 15.7% | 22.7% | +136.5% |
L.G. Balakrishnan & Bros LimitedLGBBROSLTD | ₹5,371 Cr | 16.8× | 9.65 | 21.1% | 17.0% | 14.9% | 19.9% | +18.8% |
Hero Motors LimitedHEROMOTORS | ₹5,354 Cr | — | — | — | 12.0% | — | — | — |
Jamna Auto Industries LimitedJAMNAAUTO | ₹5,032 Cr | 21.5× | 11.88 | 15.9% | 15.7% | 21.8% | 30.4% | +33.0% |
Lumax Industries LimitedLUMAXIND | ₹4,817 Cr | 23.6× | 12.38 | 28.8% | 9.5% | 22.8% | 21.1% | +3.2% |
Sharda Motor Industries LimitedSHARDAMOTR | ₹4,773 Cr | 14.4× | 9.11 | 25.6% | 14.1% | 28.0% | 35.6% | -19.6% |
As of Q2 FY27
Financials
Wheels India
NSE: WHEELS · Auto Components & Equipments
Snapshot
Unlock Wheels India's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Wheels India Limited is a prominent manufacturer of automotive and industrial components, specialising in steel wheels for diverse vehicle segments and agricultural applications. The company also produces air suspension systems, wind turbine components, and structural fabrication products for the construction and mining sectors.
Business Model
The company generates revenue through the manufacturing and sale of engineered automotive components, serving both domestic and international original equipment manufacturers. Its business model relies on high-volume production of wheels and suspension systems, alongside value-added fabrication services for industrial applications.
- Incorporation Year:1960
Growth Outlook
Growth is driven by the expansion of the automotive sector, increasing demand for specialised off-road and forged aluminium wheels, and the diversification into wind energy components. The company continues to leverage its fabrication capabilities to support the infrastructure and mining equipment markets.
Key Risks
- Cyclical Automotive Demand. The company's performance is highly sensitive to the cyclical nature of the automotive industry and fluctuations in vehicle production volumes.
- Raw Material Price Volatility. Significant fluctuations in the prices of steel and aluminium can adversely impact operating margins if costs cannot be fully passed on to customers.
- Export Market Dependency. Exposure to international markets introduces risks related to geopolitical instability, currency fluctuations, and varying global trade regulations.
- Technological Disruption. The transition towards electric vehicles may necessitate significant capital investment to adapt existing manufacturing processes and product portfolios.
Start your research today
Unlock AI insights, financials, peers and live data on Wheels India and 5,000+ companies — free.
Key Metrics
REVENUE
₹6,137 Cr
TTM · consolidated
NET PROFIT
₹195 Cr
TTM · consolidated
EPS
₹78.43
TTM · consolidated
RETURN ON EQUITY
15.7%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
22.7%
TTM · consolidated
P/E
27.2x
Q2 FY27 · consolidated
EV/EBITDA
12.4x
Q2 FY27 · consolidated
EBITDA MARGIN
8.1%
TTM · consolidated
NET PROFIT MARGIN
3.5%
Q2 FY27 · consolidated
DEBT TO EQUITY
0.5x
Q2 FY27 · consolidated
Peers · Auto Components & Equipments
As of Q2 FY27