Wheels India Ltd.

WHEELS

₹668.75

-1.17% (-7.95)

Market Cap

₹1,622 Cr.

P/E

14.59

About

Established in 1962, Wheels India is a global player in the auto components industry. They are one of the largest steel wheel manufacturers worldwide, catering to segments like Cars/UVs, Commercial ve… Read more

Established in 1962, Wheels India is a global player in the auto components industry. They are… Read more

Low

544

52W Range

High

915

Timeline

Key company specific updates

Company Timeline

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Forensics

10 Yes

Positive for this company

2 Neutral

Neutral for this company

5 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
ROE

Asset turnover is responsible for roe increase over last 10 years
Share price

Share price has increased over last 10 years due to earnings
Working Capital

Working capital of the company seems to be under control
Current vs Historic Valuation

Company is trading at a discount to 3yr historic valuations
Balance Sheet Strength

Balance sheet of the company is moderately strong
Debt

Company might have issues servicing its debt
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Market Share

45 %

(as of Mar 19)

Source/Historic

Steel Wheels for Commercial Vehicle Tyres - Market Share

81 %

(as of Mar 21)

Source/Historic

Steel Wheels for LCV Tyres - Market Share

30 %

(as of Mar 21)

Source/Historic

Steel Wheels for Passenger Vehicle Tyres - Market Share

54 %

(as of Mar 21)

Source/Historic

Steel Wheels for Tractor Tyres - Market Share

Revenue mix

Product Wise Break-Up

Segment Break-Up

Location Wise Break-Up

Operating Profit Break-Up

Capex

Asset Break-Up

Operational Metrics

R&D as a % of Total Sales (%)
Source

Peer Comparison

Corporate Actions

Consolidated

DATE

DETAILS

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Suppliers

Tata Steel Ltd.
Tata Steel BSL Ltd.
Gabriel India Ltd.
TVS Electronics Ltd.

Customers

Ashok Leyland Ltd.
Tata Motors Ltd.
Caterpillar
Ford
Hyundai
John Deere India
Komatsu
Suzuki
Tafe

Showing 5 of 9

FAQs on Wheels India Ltd. Business

What does Wheels India do?

Established in 1962, Wheels India is a major global player in steel wheel manufacturing. They cater to various segments including cars, commercial vehicles, tractors, and construction equipment. The company also produces air suspension kits for trucks and buses.

Who are the competitors of Wheels India?

Wheels India major competitors are Enkei Wheels, Steel Strips Wheels, Goodyear India, TVS Srichakra, PTL Enterprises, Dolfin Rubbers, JK Tyres & Inds..
Market Cap of Wheels India is ₹1,622 Crs.
While the median market cap of its peers are ₹2,057 Crs.

Is Wheels India financially stable compared to its competitors?

Wheels India seems to be less financially stable compared to its competitors.
Altman Z score of Wheels India is 2.54 and is ranked 6 out of its 8 competitors.

View FAQ's On Shareprice

Cash Flow Machines

Actual Cash profits are more important than accounting profits. List of companies spitting out cash profits

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Global Leaders

Companies with a dominant global position in a product. Might be a sign of very strong moat.

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