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Wheels India share price

Wheels India Ltd.

NSE: WHEELS BSE: 590073 SECTOR: Auto Ancillary  34k   69   6

894.80
+69.05 (8.36%)
BSE: 02 Jul 04:01 PM

Price Summary

Today's High

₹ 909

Today's Low

₹ 842.35

52 Week High

₹ 862

52 Week Low

₹ 548.5

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

2186.27 Cr.

Enterprise Value

2890.81 Cr.

No. of Shares

2.44 Cr.

P/E

32.21

P/B

2.75

Face Value

₹ 10

Div. Yield

0.83 %

Book Value (TTM)

₹  325

CASH

3.98 Cr.

DEBT

708.52 Cr.

Promoter Holding

58.31 %

EPS (TTM)

₹  27.78

Sales Growth

6.62%

ROE

9.06 %

ROCE

13.2%

Profit Growth

8.66 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year6.62%
3 Year27.71%
5 Year7.69%

Profit Growth

1 Year8.66%
3 Year115.84%
5 Year-2.15%

ROE%

1 Year9.06%
3 Year10.21%
5 Year8.21%

ROCE %

1 Year13.2%
3 Year12.58%
5 Year10.53%

Debt/Equity

0.8923

Price to Cash Flow

6.97

Interest Cover Ratio

1.8206

CFO/PAT (5 Yr. Avg.)

3.51498265554654

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 58.31 0
Dec 2023 58.31 0
Sep 2023 58.31 0
Jun 2023 58.73 0
Mar 2023 58.73 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 115.836401719421% for the Past 3 years.
  • The company has shown a good revenue growth of 27.7114354373672% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of 11.248 days.
  • The company has a good cash flow management; CFO/PAT stands at 3.51498265554654.
  • The company has a high promoter holding of 58.31%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 1168.26 1124.1 1184.48 1130.08 1164.19
Total Expenditure 1098.74 1066.41 1136.2 1068.57 1070.84
Operating Profit 69.52 57.69 48.28 61.51 93.35
Other Income 4.17 4.32 4.8 1.35 3.27
Interest 27.37 26.67 26.87 26.63 27.13
Depreciation 17.71 18.38 19.76 19.83 20.29
Exceptional Items 0 0 0 0 0
Profit Before Tax 28.61 16.96 6.45 16.4 49.2
Tax 6.22 3.66 1.21 3.82 12.37
Profit After Tax 22.39 13.3 5.24 12.58 36.83
Adjusted EPS (Rs) 9.31 5.53 2.14 5.15 15.08

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2428.56 2211.75 3686.69 4321.21 4607.11
Total Expenditure 2262.39 2072.91 3436.44 4098.67 4342.68
Operating Profit 166.17 138.84 250.25 222.54 264.43
Other Income 10.16 4.19 14.38 23.74 11.92
Interest 61.53 52.68 63.1 95.66 108.48
Depreciation 70.2 80.63 95.02 68.47 78.85
Exceptional Items 0 0 0 0 0
Profit Before Tax 44.6 9.72 106.51 82.15 89.02
Tax -9.51 2.97 26.72 19.69 21.15
Net Profit 54.11 6.75 79.79 62.46 67.87
Adjusted EPS (Rs.) 22.49 2.81 33.16 25.96 27.78

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 24.06 24.06 24.06 24.06 24.43
Total Reserves 573.41 575.26 651.05 709.61 769.63
Borrowings 236.31 303.94 237.67 186.68 251.77
Other N/C liabilities 59.55 71.56 73.04 76.39 84.76
Current liabilities 948.96 1242.98 1743.36 1808.04 1730.85
Total Liabilities 1842.29 2217.8 2729.18 2804.78 2861.44
Assets
Net Block 647.86 782.68 772.42 932.55 977.84
Capital WIP 133.71 42.56 85.25 70.42 74.81
Intangible WIP 0 0 0 0 0
Investments 16.7 16.68 14.24 8.51 12.34
Loans & Advances 31.71 24.68 38.24 31.09 55.76
Other N/C Assets 0.03 0.61 0.35 0.32 0.48
Current Assets 1012.28 1350.59 1818.68 1761.89 1740.21
Total Assets 1842.29 2217.8 2729.18 2804.78 2861.44
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 51.34 8.23 78.2 65.62 69.94
Adjustment 113.81 139.09 184.89 173.77 233.06
Changes in Assets & Liabilities 5.21 -19.87 -252.38 130.07 38.68
Tax Paid -11.45 10.1 -27.12 -10.9 -27.8
Operating Cash Flow 158.91 137.55 -16.41 358.56 313.88
Investing Cash Flow -198.83 -109.73 -115.57 -145.17 -141.05
Financing Cash Flow 51.52 -27.06 121.92 -209.7 -139.88
Net Cash Flow 11.6 0.76 -10.06 3.69 32.95

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 58.73 58.73 58.31 58.31 58.31
india motor parts & acces... 4.57 4.57 4.50 4.50 4.50
sundaram finance holdings... 23.85 23.85 23.96 23.96 23.96
trichur sundaram santhana... 30.31 30.31 29.86 29.86 29.86
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 41.27 41.27 41.69 41.69 41.69
bandhan small cap fund - - - - 1.09
general insurance corpora... 1.46 1.46 1.44 1.44 1.44
hdfc mutual fund - hdfc m... 4.10 4.10 4.04 4.04 4.12
investor education and pr... 0.14 0.15 0.15 0.15 0.15
maham holdings private li... 1.58 1.58 1.88 1.88 1.88
nippon life india trustee... - - - 6.18 6.18
padmalakshmi holdings pri... 1.08 1.08 1.07 1.07 1.07
revathi holdings private ... 1.12 1.12 1.16 1.16 1.16
sundharams private limite... 1.32 1.32 1.30 1.30 1.30
bandhan sterling value fu... - 7.18 6.89 6.40 -
nippon life india trustee... 7.10 6.27 6.18 - -
idfc sterling value fund 7.18 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ4FY24 6 Jun 2024

Company News

Wheels India informs about AGM24 Jun 2024, 12:36PM Wheels India informs about dates in connection with AGM 24 Jun 2024, 12:34PM Wheels India informs about senior managerial personnel12 Jun 2024, 12:40PM Wheels India informs about newspaper advertisements12 Jun 2024, 9:46AM Wheels India informs about press release21 May 2024, 2:27PM Wheels India informs about presentation 21 May 2024, 10:47AM Wheels India - Quaterly Results21 May 2024, 10:42AM Wheels India - Quaterly Results21 May 2024, 10:42AM Wheels India - Quaterly Results21 May 2024, 10:42AM Wheels India informs about conference call17 May 2024, 10:09AM Wheels India informs about board meeting 14 May 2024, 10:19AM Wheels India informs about credit ratings27 Feb 2024, 9:43AM Wheels India informs about update on incorporation of wholly owned subsidiaries3 Feb 2024, 12:52PM Wheels India - Quaterly Results30 Jan 2024, 6:09PM Wheels India - Quaterly Results30 Jan 2024, 6:09PM Wheels India - Quaterly Results30 Jan 2024, 6:09PM Wheels India informs about board meeting24 Jan 2024, 12:09PM Wheels India informs about certificate9 Jan 2024, 2:15PM Wheels India informs about press release2 Nov 2023, 10:45AM Wheels India informs about outcome of board meeting 2 Nov 2023, 10:39AM Wheels India gets nod to incorporate subsidiaries in USA, Germany1 Nov 2023, 5:42PM Wheels India - Quaterly Results1 Nov 2023, 12:00PM Wheels India - Quaterly Results1 Nov 2023, 12:00PM Wheels India informs about change in SMP7 Oct 2023, 12:16PM Wheels India - Quaterly Results1 Aug 2023, 4:09PM Wheels India - Quaterly Results1 Aug 2023, 4:09PM Wheels India - Quaterly Results1 Aug 2023, 4:09PM Wheels India informs about sanction of scheme of amalgamation28 Jul 2023, 9:54AM Wheels India informs about proceedings of AGM20 Jul 2023, 9:54AM Wheels India informs about newspaper advertisements28 Jun 2023, 11:44AM Wheels India informs about disclosure on related party transactions19 May 2023, 9:37AM Wheels India - Quaterly Results18 May 2023, 4:30PM Wheels India - Quaterly Results18 May 2023, 4:30PM Wheels India - Quaterly Results18 May 2023, 4:30PM Wheels India informs about board meeting 12 May 2023, 9:21AM Wheels India informs about outcome of the board meeting1 Apr 2023, 10:10AM Wheels India informs about board decision1 Feb 2023, 11:21AM Wheels India reports 45% fall in Q3 consolidated net profit31 Jan 2023, 4:58PM Wheels India - Quaterly Results31 Jan 2023, 1:20PM Wheels India - Quaterly Results31 Jan 2023, 1:20PM Wheels India - Quaterly Results31 Jan 2023, 1:20PM Wheels India informs about press release17 Jan 2023, 2:39PM Wheels India launches flow form technology in cast alloy wheel17 Jan 2023, 2:09PM Wheels India informs about certificate5 Jan 2023, 12:08PM Wheels India informs about loss of share certificate28 Dec 2022, 2:55PM Wheels India informs about newspaper advertisement8 Dec 2022, 4:46PM Wheels India - Quaterly Results1 Nov 2022, 2:50PM Wheels India - Quaterly Results1 Nov 2022, 2:50PM Wheels India - Quaterly Results1 Nov 2022, 2:50PM Wheels India informs about board meeting25 Oct 2022, 5:07PM

Wheels India Stock Price Analysis and Quick Research Report. Is Wheels India an attractive stock to invest in?

.

 

The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Wheels India is performing and if it is the right time to buy the stock of Wheels India with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Wheels India has reported poor sales growth of 6.6162 % and in the latest quarter sales was Rs 1164.19 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 5.426 times for Wheels India . It is managing its inventory poorly .
     
  • Wheels India reported Profit growth of 8.6615 % over the year, where the latest year profit is Rs 67.87 Cr compared to the previous year of Rs 62.46 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Wheels India in the latest quarter is Rs 93.3500000000001 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Wheels India has a poor ROE of 9.0589 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Wheels India has a low Debt to Equity ratio of 0.8923.
     
  • Wheels India pays a dividend of 7.39 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.8259 %.
     
  • The share of promoter in Wheels India is high at 58.31 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Wheels India is 32.1261429908561 compared to the 5 year average PE of 45.9651942897848 .
     
  • Share Price: - The current share price of Wheels India is Rs 892.4. One can use valuation calculators of ticker to know if Wheels India share price is undervalued or overvalued.
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Brief about Wheels India

Wheels India Ltd. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

Wheels India Ltd is an Indian company engaged in the manufacturing and sale of automotive wheels for commercial vehicles, passenger cars, and agricultural tractors. The company was founded in 1962 and is headquartered in Chennai, India. It is a leading player in the automotive wheel industry, offering a wide range of products and services to its customers.

Wheels India Ltd: Share Price

The share price of Wheels India Ltd reflects the market valuation of the company's stock. As a long-term stock investor, it is important to analyze the share price trend over time to make informed investment decisions. Our website provides an interactive stock analysis tool that allows users to track the share price performance of Wheels India Ltd and compare it with other companies in the industry.

Wheels India Ltd: Balance Sheet

The balance sheet of Wheels India Ltd provides a snapshot of the company's financial position at a specific point in time. It includes information about the company's assets, liabilities, and shareholders' equity. We provide the annual reports of Wheels India Ltd as downloadable documents on our website, which can be used to perform in-depth analysis using our pre-built screening tools like the DCF analysis, BVPS analysis, earnings multiple approach, and DuPont analysis.

Wheels India Ltd: Annual Report

The annual report of Wheels India Ltd is a comprehensive document that provides detailed information about the company's financial performance, business operations, strategic initiatives, and future outlook. Our website offers the annual reports of Wheels India Ltd as downloadable files, ensuring easy access for investors who want to delve deeper into the company's performance.

Wheels India Ltd: Dividend

Dividends are an important aspect to consider for long-term stock investors. The dividend policy of Wheels India Ltd reflects its commitment to rewarding shareholders and sharing its profits. Our website provides information about Wheels India Ltd's dividend history and payout ratio, allowing investors to evaluate the company's dividend-paying track record.

Wheels India Ltd: Quarterly Result

The quarterly results of Wheels India Ltd provide insights into the company's financial performance during specific three-month periods. Investors can access the quarterly results of Wheels India Ltd on our website, along with comprehensive financial statements. Our premium features, such as fair value calculation using tools like DCF Analysis, BVPS Analysis, earnings multiple approach, and DuPont analysis, further aid investors in analyzing the company's performance.

Wheels India Ltd: Stock Price

The stock price of Wheels India Ltd is influenced by various factors, including market conditions, industry trends, and company-specific news. Our website provides real-time stock price data and interactive price charts that enable investors to track the movement of Wheels India Ltd's stock price over different time periods.

Wheels India Ltd: Price Chart

Analyzing price charts is important for long-term stock investors to identify trends and patterns in stock price movements. Our website provides interactive price charts for Wheels India Ltd's stock, enabling investors to visualize the historical performance of the stock and make informed investment decisions based on technical analysis.

Wheels India Ltd: News

Stay updated with the latest news and developments related to Wheels India Ltd through our website. We provide curated news articles and press releases that cover important events and announcements regarding the company. Investors can access this information to gain insights into the factors that may impact the company's stock performance.

Wheels India Ltd: Concall Transcripts

Concall transcripts provide a detailed account of management discussions and insights shared during conference calls with investors and analysts. Our website offers downloadable concall transcripts of Wheels India Ltd, allowing investors to gain firsthand information about the company's strategic direction, market outlook, and financial performance.

Wheels India Ltd: Investor Presentations

Investor presentations provide a concise summary of the company's financial performance, growth strategies, and future prospects. Wheels India Ltd's investor presentations are available as downloadable files on our website, enabling investors to get a comprehensive overview of the company's key highlights and investment potential.

Wheels India Ltd: Promoters

Wheels India Ltd's promoters are instrumental in shaping the company's growth and success. Our website provides information about the company's promoters and their background, helping investors understand the key individuals driving the company's operations and strategy.

Wheels India Ltd: Shareholders

Understanding the shareholder composition of Wheels India Ltd is crucial for investors. Our website provides information about the company's major shareholders and their holdings, giving investors insights into the ownership structure and potential influence on the company's decision-making processes.

Investors seeking a comprehensive stock analysis of Wheels India Ltd can utilize our website's pre-built screening tools, downloadable reports, interactive charts, and premium features for fair value calculation. With these resources, investors can make informed investment decisions and stay updated with the latest news and developments related to the company.

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