WHEELSConsumer Discretionary

Wheels India Limited

Auto Components & Equipments · ISIN INE715A01015 · BSE 590073 · NSE EQ · FV ₹10
Last price
₹2,125
+0.67%today
What this company does

Wheels India Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹1,491 cr of revenue in its latest quarter (Q1 FY27) and kept 2.6% of sales as profit.

The company is a leading supplier of bus air suspension systems in the country and has a business supplying lift axle suspension system to truck manufacturers.
In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
68

At close. Not part of the score.

Profitability & returns68

How much profit it earns on the money it employs

Balance sheet30

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency74

Whether sales and profit have grown, and how steadily

Valuation22

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Profit up 27% vs last year
Promoters hold 58%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.6% net margin

What if I invest in WHEELS?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,125 +0.67%
latest close · 2026-09-17
1-year return
+153.3%
52-wk low ₹51052-wk high ₹2,498
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio33.9High
LowAverageHigh
P/B ratio4.98High
Below bookModerateHigh
EV / EBITDA12.9Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.0%Fair
WeakFairStrong ▸15%
Return on capital22.1%Strong
WeakFairStrong
Net margin2.6%Thin
ThinDecentStrong
EBITDA margin7.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.65Moderate
LowModerateHigh ▸1
Interest cover2.8×Okay
RiskyOkayStrong ▸5×
Current ratio0.87Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹5,190 cr
Book value
₹426
EPS
₹15.68
latest quarter
Net debt
₹686 cr
owes more than its cash
Enterprise value
₹5,876 cr
EBITDA
₹454 cr
annualised
EBIT
₹323 cr
annualised
Operating margin
5.4%
Return on assets
4.4%
Earnings yield
2.95%
P/S
0.87
Sales / share
₹2,441.3
Tax rate
30.4%
Face value
₹10
Shares
2.4 cr
Working capital
₹-259 cr
Current assets
₹1,804 cr
Current liabilities
₹2,063 cr
Delivery %
35.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹286₹324, midpoint ₹305

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,491 cr
Other Income₹2 cr
Total Income₹1,493 cr
Cost of Materials₹1,034 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-31 cr
Employee Benefit Expense₹161 cr
Finance Costs₹29 cr
Depreciation & Amortisation₹33 cr
Other Expenses₹215 cr
Total Expenses₹1,441 cr
Profit before Tax₹52 cr
Tax Expense₹16 cr
Share of JV / Associates₹3 cr
Net Profit₹39 cr
Net margin on total income2.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,003 cr67.1%
Employee benefit expense₹161 cr10.8%
Finance costs₹29 cr1.9%
Depreciation & amortisation₹33 cr2.2%
Other expenses₹215 cr14.4%
Tax expense₹16 cr1.1%
Profit for the period₹39 cr2.6%
Total income ₹1,493 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,371 cr1,564 cr1,491 cr
Total income1,378 cr1,573 cr1,493 cr
Expenses1,331 cr1,499 cr1,441 cr
Profit before tax47 cr74 cr52 cr
Tax12 cr19 cr16 cr
Net profit (owners' share)37 cr59 cr39 cr
Net margin (owners' share, on revenue)2.7%3.8%2.6%
EPS (₹)14.7623.7815.68
YoY (latest quarter): total income +17.7% · net profit +27.3%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,527 cr
Shareholder equity
₹1,041 cr
parent shareholders
Total debt
₹690 cr
Cash
₹4 cr
Cash flow · H1 FY26
Operating
₹253 cr
Investing
₹-134 cr
Financing
₹-91 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.68%
trailing 12 months
Dividend / share (TTM)
₹14.44
Last dividend
₹9.14
ex 24 Jun 2026
ActionDetailEx-date
Dividend₹9.14 / share24 Jun 2026
Dividend₹5.3 / share5 Feb 2026
Dividend₹7.03 / share10 Jul 2025
Dividend₹4.5 / share3 Feb 2025
Dividend₹7.39 / share10 Jul 2024
Dividend₹3.97 / share12 Jul 2023
Who owns it · 2026-06-30
No pledge
Promoter
58.3%
FII / Foreign
2.0%
DII / Domestic
6.4%
Retail / others
33.3%
Smart-money activity
Insider trades
SoldTRICHUR SUNDARAM SANTHANAM & FAMILY PRIVATE LIMITED · Promoter2.57 L · ₹39.0 cr7 Aug 26
BoughtTSF Investments Limited · Promoter2.57 L · ₹39.0 cr7 Aug 26
BoughtNivedita Ram · Immediate relative78,254 · ₹7.8 cr19 Mar 26
Bulk / block deals
BoughtQE SECURITIES LLP · NSE1.65 L @ ₹2,405.3610 Sep 26
SoldQE SECURITIES LLP · NSE1.65 L @ ₹2,398.4410 Sep 26
BoughtJUNOMONETA FINSOL PRIVATE LIMITED · NSE1.62 L @ ₹2,395.7510 Sep 26
Stake changes
SoldNippon India Mutual Fund→ 3.03% · 3.00 L29 Apr 26
SoldNippon India Mutual Fund ( through Nippon Life India Trustee Limited A/C)→ 5.05% · 48,15724 Sep 25
BoughtTrichur Sundaram Santhanam & Family Private Ltd · promoter→ 29.69% · 71.44 L6 Jan 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 12 Aug 2026
See the official result
1
APPROVAL FOR RAISING OF THE FUNDS THROUGH QUALIFIED INSTITUTIONAL PLACEMENT (QIP)/ EXTERNAL COMMERCIAL BORROWINGS (ECBs) WITH RIGHTS OF CONVERSION INTO SHARES/ OPTIONALLY OR COMPULSORILY CONVERTIBLE REDEEMABLE PREFERENCE SHARES (OCPS/CCPS) ETC. PURSUANT TO COMPANIES ACT, 2013
Backed by 100% of shareholders other than promotersneeded 75%
35.19 L votes for, 1,245 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 58.3% between them · as of 2026-06-30
TRICHUR SUNDARAM SANTHANAM & FAMILY PRIVATE LIMITED29.86%
TSF INVESTMENTS LIMITED23.96%
INDIA MOTOR PARTS & ACCESSORIES LIMITED4.50%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.