Wheels India Limited AI Stock Analysis
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Wheels India Limited (WHEELS) AI Stock Analysis
Wheels India Limited
(NSE:WHEELS)
The score is driven primarily by improving fundamentals (revenue expansion, earnings recovery, and better leverage), but it is held back by volatile margins and weaker free-cash-flow quality. Technically, the trend is strong, yet extreme overbought signals increase pullback risk. Valuation is a meaningful headwind due to the high P/E and low dividend yield.
Wheels India Limited (WHEELS) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 61.60B
- Dividend Yield
- 0.61%
- Average Volume (3M)
- 27.94K
- Price to Earnings (P/E)
- 30.3
- Beta (1Y)
- 0.96
- Revenue Growth
- 24.45%
- EPS Growth
- 54.55%
- Country
- India
- Employees
- 2,735
- Sector
- General
- Sector Strength
- 55
- Industry
- Auto - Parts
Wheels India Limited Business Overview & Revenue Model
Company Description
Wheels India Limited, operating with its subsidiary, specializes in the production and distribution of automotive and industrial components throughout India and global markets. The company's extensive portfolio features various types of wheels, inclu...
Wheels India Limited Financial Statement Overview
Summary
Multi-year revenue growth and a clear profitability recovery support the score, alongside improving leverage (debt-to-equity ~0.74x in 2026). Offsetting this, profitability quality looks volatile (gross margin fell sharply from ~30.2% in 2025 to ~18.7% in 2026) and free cash flow weakened in 2026 with mixed cash conversion versus net income.
Income Statement
66PositiveBalance Sheet
63PositiveCash Flow
55Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.90B | 54.65B | 47.44B | 49.77B | 46.40B | 39.66B |
| Gross Profit | 14.59B | 10.23B | 14.33B | 13.33B | 6.72B | 5.97B |
| EBITDA | 4.61B | 4.44B | 3.52B | 2.66B | 2.18B | 2.67B |
| Net Income | 1.63B | 1.55B | 1.11B | 627.70M | 553.50M | 764.70M |
Balance Sheet | ||||||
| Total Assets | 0 | 35.27B | 31.88B | 31.04B | 30.10B | 29.74B |
| Cash, Cash Equivalents and Short-Term Investments | 36.40M | 155.60M | 82.70M | 68.70M | 25.90M | 63.30M |
| Total Debt | 0 | 7.68B | 7.37B | 7.78B | 8.19B | 8.76B |
| Total Liabilities | -10.55B | 24.72B | 22.56B | 22.55B | 22.32B | 22.23B |
| Stockholders Equity | 10.55B | 10.41B | 9.22B | 8.40B | 7.64B | 7.34B |
Cash Flow | ||||||
| Free Cash Flow | 1.16B | 898.60M | 1.91B | 1.79B | 2.21B | -1.08B |
| Operating Cash Flow | 2.30B | 3.67B | 4.00B | 3.29B | 3.73B | 276.10M |
| Investing Cash Flow | -1.34B | -2.99B | -2.13B | -1.50B | -1.48B | -1.20B |
| Financing Cash Flow | -686.70M | -566.70M | -1.88B | -1.46B | -2.11B | 838.10M |
Wheels India Limited Technical Analysis
Price Trends
Market Momentum
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 2381.70 is above the 20-day moving average (MA) of 2280.99, above the 50-day MA of 2162.96, and above the 200-day MA of 1465.58, indicating a bullish trend. The MACD of 50.49 indicates Negative momentum. The RSI at 57.74 is Neutral, neither overbought nor oversold. The STOCH value of 77.29 is Neutral, 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
Overall Rating
IN:LGBBROSLTD75Outperform
IN:GNA71Outperform
IN:SSWL69Neutral
IN:AUTOAXLES66Neutral
IN:NRBBEARING62Neutral- IN:WHEELS57Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:LGBBROSLTD | 75Outperform | INR 53.08B | 16.98 | ― | 1.29% | 21.09% | -1.11% |
| IN:GNA | 71Outperform | INR 24.71B | 17.22 | ― | 0.52% | 23.06% | 38.22% |
| IN:SSWL | 69Neutral | INR 86.20B | 29.03 | ― | 0.55% | 32.78% | 53.55% |
| IN:AUTOAXLES | 66Neutral | INR 24.40B | 14.26 | ― | 1.94% | 6.30% | 10.84% |
| IN:NRBBEARING | 62Neutral | INR 42.12B | 28.38 | ― | 1.84% | 14.37% | 70.31% |
| IN:WHEELS | 57Neutral | INR 58.29B | 30.25 | ― | 0.61% | 24.45% | 54.55% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:WHEELS | Wheels India Limited | 2381.70 | 1511.30 | 173.63% | |
| IN:AUTOAXLES | Automotive Axles Limited | 1644.95 | 10.60 | 0.65% | |
| IN:GNA | GNA Axles Ltd | 580.25 | 262.78 | 82.77% | |
| IN:LGBBROSLTD | L.G. Balakrishnan & Bros Ltd. | 1698.65 | -35.56 | -2.05% | |
| IN:NRBBEARING | NRB Bearings Ltd. | 432.05 | 157.29 | 57.25% | |
| IN:SSWL | Steel Strips Wheels Ltd | 542.05 | 327.85 | 153.06% |
Wheels India Limited Corporate Events
Wheels India Publishes Investor Presentation for October 29 Conference Call
Wheels India Limited, an automotive component manufacturer listed on NSE and BSE, continues to emphasize transparent engagement with capital market participants through formal communications and regulatory-compliant disclosures. The company positions...
Wheels India Publishes Investor Presentation Ahead of October 29 Conference Call
Wheels India Limited, a publicly listed manufacturer of automotive and industrial wheel and engineering products, maintains an active presence on India’s major stock exchanges under the symbol WHEELS and scrip code 590073. Its market footprint is sup...
ICRA Upgrades Wheels India’s Credit Ratings Across Key Borrowing Instruments
Wheels India Limited announced that ICRA Limited has upgraded its credit ratings across multiple borrowing instruments, including long-term fixed deposits, fund-based term loans, and unallocated facilities, to [ICRA]A+ with a Stable outlook from [ICR...
Wheels India Raises ₹250 Crore via Qualified Institutions Placement
Wheels India Limited has raised approximately ₹250 crore through a qualified institutions placement, issuing 1,197,318 equity shares of face value ₹10 each at an issue price of ₹2,088 per share, including a premium of ₹2,078 and a small discount to t...
Wheels India Raises Rs 180 Crore via Preferential Equity Issue, Boosts Key Investor Stakes
Wheels India Limited has expanded its equity base through a preferential issue on a private placement basis, allotting 1,232,031 fully paid-up shares at an issue price of Rs. 1,461 per share, raising about Rs. 180 crore. The new shares have been allo...
Wheels India Files EGM Voting Results and Scrutinizer Report with Exchanges
Wheels India Limited, a listed automotive and engineering components manufacturer supplying wheels and related products, operates in the Indian capital markets through the NSE and BSE under the symbol WHEELS. The company relies on formal corporate go...
Wheels India Schedules Investor Meetings and Releases Presentation
Wheels India Limited has announced that it will hold a series of conference calls and meetings with fund managers, analysts and investors from September 7 to September 9, 2026, running daily from 9:00 a.m. to 6:00 p.m. The company has released an inv...
Wheels India readies investor presentation for September engagement with fund managers
Wheels India Limited has released an investor presentation ahead of a scheduled series of conference calls with fund managers, analysts, and investors, to be held from September 7 to September 9, 2026. The disclosure, made under SEBI Listing Regulati...
Wheels India Schedules Investor Meetings and Shares Presentation
Wheels India Limited has informed the stock exchanges about an investor presentation prepared for a series of conference calls and meetings with fund managers, analysts and investors scheduled from September 7 to September 9, 2026. The company has ma...
Wheels India Schedules Investor Meetings and Releases Presentation
Wheels India Limited has notified the Indian stock exchanges that it will host conference calls and meetings with fund managers, analysts and investors over three days in early September 2026. The company has made an investor presentation available o...
Wheels India Schedules Investor Meetings, Releases Presentation
Wheels India Limited has announced that it will hold a series of conference calls and meetings with fund managers, analysts and investors from September 7 to 9, 2026, running daily from 9 a.m. to 6 p.m. The company has released an investor presentati...
Wheels India shares investor presentation ahead of September investor calls
Wheels India Limited has notified stock exchanges that it has made an investor presentation available in connection with a series of conference calls and meetings with fund managers, analysts and investors scheduled from September 7 to 9, 2026. The d...
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.
Date of analysis: Sep 10, 2026