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Wheels India Limited
(WHEELS)
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Rating:57Neutral
Price Target:
₹2,489.00
▲(72.60% Upside)
Action:Reiterated
Date:09/10/26
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.
Positive Factors
Sustained Revenue Expansion
The substantial multi-year revenue increase indicates expanding business activity across Wheels India's automotive and engineered-component markets. A return to 10.8% growth in 2026 after a flat 2025 supports continued demand and provides a durable base for operating leverage and earnings growth.
Negative Factors
Gross Margin Volatility
The sharp gross-margin contraction points to unstable profitability quality and suggests that input costs, pricing, or product mix can materially affect earnings. Unless margins stabilize, revenue growth may not translate consistently into profit, limiting confidence in sustainable earnings expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Expansion
The substantial multi-year revenue increase indicates expanding business activity across Wheels India's automotive and engineered-component markets. A return to 10.8% growth in 2026 after a flat 2025 supports continued demand and provides a durable base for operating leverage and earnings growth.
Read all positive factors
Wheels India Limited (WHEELS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹53.13B
Dividend Yield0.67%
Average Volume (3M)42.98K
Price to Earnings (P/E)32.5
Beta (1Y)0.82
Revenue Growth17.47%
EPS Growth39.52%
CountryIN
Employees2,735
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)66.90
Shares Outstanding24,433,012
10 Day Avg. Volume116,822
30 Day Avg. Volume42,975
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)2.34
Price to Sales (P/S)0.45
P/FCF Ratio27.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, in...
How the Company Makes Money
Wheels India Limited makes money primarily by manufacturing and selling automotive wheel products and related engineered components to vehicle and equipment makers. Its core revenue stream is OEM supply: it produces wheels (notably steel wheels, a...
Wheels India Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
63
Positive
Cash Flow
55
Neutral
| 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 | 2.42B | 2.67B |
| Net Income | 1.63B | 1.55B | 1.11B | 627.70M | 553.50M | 764.70M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 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 | 0.00 | 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
Positive
1442.05
Price Trends
1591.80
Positive
1543.15
Positive
1215.63
Positive
Market Momentum
191.84
Negative
69.97
Neutral
57.60
Neutral
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 1442.05 is below the 20-day moving average (MA) of 1823.54, below the 50-day MA of 1591.80, and above the 200-day MA of 1215.63, indicating a bullish trend. The MACD of 191.84 indicates Negative momentum. The RSI at 69.97 is Neutral, neither overbought nor oversold. The STOCH value of 57.60 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹23.99B | 18.13 | ― | 0.54% | 8.11% | 29.23% | |
72 Outperform | ₹50.95B | 34.55 | ― | 2.34% | 14.37% | 70.31% | |
67 Neutral | ₹25.54B | 14.75 | ― | 1.89% | 6.30% | 10.84% | |
65 Neutral | ₹54.95B | 17.23 | ― | 1.28% | 20.77% | 4.95% | |
60 Neutral | ₹58.56B | 27.45 | ― | 0.34% | 19.94% | 5.14% | |
57 Neutral | ₹53.13B | 32.52 | ― | 0.67% | 17.47% | 39.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:WHEELS
Wheels India Limited
2,174.60
1,384.63
175.28%
IN:AUTOAXLES
Automotive Axles Limited
1,690.60
-69.07
-3.93%
IN:GNA
GNA Axles Ltd
558.80
241.13
75.90%
IN:LGBBROSLTD
L.G. Balakrishnan & Bros Ltd.
1,723.10
306.18
21.61%
IN:NRBBEARING
NRB Bearings Ltd.
525.70
253.50
93.13%
IN:SSWL
Steel Strips Wheels Ltd
372.35
131.60
54.66%
Wheels India Limited Corporate Events
Wheels India Schedules Investor Meetings and Releases Presentation
Sep 6, 2026
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 ...
Wheels India readies investor presentation for September engagement with fund managers
Sep 6, 2026
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 Regul...
Wheels India Schedules Investor Meetings and Shares Presentation
Sep 6, 2026
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...
Wheels India Schedules Investor Meetings and Releases Presentation
Sep 6, 2026
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 availabl...
Wheels India Schedules Investor Meetings, Releases Presentation
Sep 6, 2026
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 present...
Wheels India shares investor presentation ahead of September investor calls
Sep 6, 2026
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. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.