Wheels India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 12, 2025, 12:04 am

Market Cap	1,557 Cr.
Current Price	638
High / Low	915/544
Stock P/E	14.0
Book Value	356
Dividend Yield	1.16 %
ROCE	12.3 %
ROE	7.38 %
Face Value	10.0
PEG Ratio	0.11

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Wheels India Ltd

Competitors of Wheels India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Enkei Wheels India Ltd	944 Cr.	525	760/488	355	131	0.00 %	3.86 %	1.14 %	5.00
Wheels India Ltd	1,557 Cr.	638	915/544	14.0	356	1.16 %	12.3 %	7.38 %	10.0
Steel Strips Wheels Ltd	2,992 Cr.	190	248/167	14.3	92.0	0.53 %	18.7 %	17.7 %	1.00
Industry Average	1,831.00 Cr	451.00		127.77	193.00	0.56%	11.62%	8.74%	5.33

All Competitor Stocks of Wheels India Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,077	1,188	1,134	1,184	1,078	1,251	1,212	1,284	1,210	1,271	1,166	1,176	1,125
Expenses	1,010	1,116	1,086	1,127	1,033	1,181	1,153	1,236	1,150	1,174	1,086	1,093	1,040
Operating Profit	67	72	48	57	45	70	58	48	60	97	79	83	85
OPM %	6%	6%	4%	5%	4%	6%	5%	4%	5%	8%	7%	7%	8%
Other Income	2	7	5	1	15	6	4	7	2	5	4	2	3
Interest	19	20	22	26	27	30	31	30	30	31	29	31	31
Depreciation	26	26	18	19	18	19	20	21	21	22	23	23	24
Profit before tax	24	34	13	14	14	26	11	3	11	50	31	32	33
Tax %	23%	24%	24%	25%	26%	17%	21%	-12%	19%	24%	25%	25%	24%
Net Profit	19	26	10	10	11	21	9	3	9	38	24	24	25
EPS in Rs	8.05	11.12	4.22	4.72	4.98	9.28	4.07	1.78	4.14	15.76	9.66	10.00	10.25

Last Updated: February 28, 2025, 4:09 pm

Below is a detailed analysis of the quarterly data for Wheels India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 1,125.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,176.00 Cr. (Sep 2024) to 1,125.00 Cr., marking a decrease of 51.00 Cr..
For Expenses, as of Dec 2024, the value is 1,040.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,093.00 Cr. (Sep 2024) to 1,040.00 Cr., marking a decrease of 53.00 Cr..
For Operating Profit, as of Dec 2024, the value is 85.00 Cr.. The value appears strong and on an upward trend. It has increased from 83.00 Cr. (Sep 2024) to 85.00 Cr., marking an increase of 2.00 Cr..
For OPM %, as of Dec 2024, the value is 8.00%. The value appears strong and on an upward trend. It has increased from 7.00% (Sep 2024) to 8.00%, marking an increase of 1.00%.
For Other Income, as of Dec 2024, the value is 3.00 Cr.. The value appears strong and on an upward trend. It has increased from 2.00 Cr. (Sep 2024) to 3.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Dec 2024, the value is 31.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 31.00 Cr..
For Depreciation, as of Dec 2024, the value is 24.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 23.00 Cr. (Sep 2024) to 24.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is 33.00 Cr.. The value appears strong and on an upward trend. It has increased from 32.00 Cr. (Sep 2024) to 33.00 Cr., marking an increase of 1.00 Cr..
For Tax %, as of Dec 2024, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2024) to 24.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2024, the value is 25.00 Cr.. The value appears strong and on an upward trend. It has increased from 24.00 Cr. (Sep 2024) to 25.00 Cr., marking an increase of 1.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 10.25. The value appears strong and on an upward trend. It has increased from 10.00 (Sep 2024) to 10.25, marking an increase of 0.25.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:22 pm

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,987	2,173	2,563	3,441	2,672	2,413	3,966	4,640	4,977	4,739
Expenses	1,815	1,987	2,364	3,196	2,500	2,270	3,712	4,420	4,711	4,393
Operating Profit	172	186	199	245	172	143	255	221	266	345
OPM %	9%	9%	8%	7%	6%	6%	6%	5%	5%	7%
Other Income	2	4	23	8	8	2	16	26	16	15
Interest	58	48	45	66	67	59	71	106	122	122
Depreciation	60	64	70	79	78	86	101	74	85	91
Profit before tax	56	78	106	108	36	1	98	66	75	148
Tax %	29%	24%	29%	30%	-33%	85%	24%	22%	21%
Net Profit	41	59	75	76	47	0	74	51	59	112
EPS in Rs	17.07	24.58	31.15	31.79	20.39	0.76	31.78	23.00	25.69	45.67
Dividend Payout %	26%	26%	24%	25%	28%	132%	26%	30%	29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2022-2023	2023-2024
YoY Net Profit Growth (%)	43.90%	27.12%	1.33%	-38.16%	-100.00%	-31.08%	15.69%
Change in YoY Net Profit Growth (%)	0.00%	-16.78%	-25.79%	-39.49%	-61.84%	68.92%	46.77%

Wheels India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	8%
3 Years:	27%
TTM:	-4%

Compounded Profit Growth
10 Years:	%
5 Years:	-5%
3 Years:	689%
TTM:	165%

Stock Price CAGR
10 Years:	0%
5 Years:	14%
3 Years:	2%
1 Year:	9%

Return on Equity
10 Years:	%
5 Years:	7%
3 Years:	8%
Last Year:	7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:33 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	12	12	12	24	24	24	24	24	24	24
Reserves	402	457	575	616	640	637	710	731	815	845
Borrowings	386	369	359	495	650	698	876	819	778	748
Other Liabilities	495	532	718	880	674	1,118	1,364	1,474	1,487	1,424
Total Liabilities	1,295	1,369	1,663	2,015	1,987	2,476	2,974	3,048	3,104	3,041
Fixed Assets	518	526	557	710	753	883	903	1,060	1,149	1,158
CWIP	17	22	65	65	198	114	126	114	77	144
Investments	17	19	21	23	23	23	24	22	32	41
Other Assets	743	802	1,019	1,216	1,013	1,456	1,921	1,851	1,845	1,699
Total Assets	1,295	1,369	1,663	2,015	1,987	2,476	2,974	3,048	3,104	3,041

Below is a detailed analysis of the balance sheet data for Wheels India Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹24.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 24.00 Cr..
For Reserves, as of Sep 2024, the value is ₹845.00 Cr.. The value appears strong and on an upward trend. It has increased from 815.00 Cr. (Mar 2024) to ₹845.00 Cr., marking an increase of 30.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹748.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 778.00 Cr. (Mar 2024) to ₹748.00 Cr., marking a decrease of 30.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,424.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,487.00 Cr. (Mar 2024) to ₹1,424.00 Cr., marking a decrease of 63.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,041.00 Cr.. The value appears to be improving (decreasing). It has decreased from 3,104.00 Cr. (Mar 2024) to ₹3,041.00 Cr., marking a decrease of 63.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,158.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,149.00 Cr. (Mar 2024) to ₹1,158.00 Cr., marking an increase of 9.00 Cr..
For CWIP, as of Sep 2024, the value is ₹144.00 Cr.. The value appears strong and on an upward trend. It has increased from 77.00 Cr. (Mar 2024) to ₹144.00 Cr., marking an increase of 67.00 Cr..
For Investments, as of Sep 2024, the value is ₹41.00 Cr.. The value appears strong and on an upward trend. It has increased from 32.00 Cr. (Mar 2024) to ₹41.00 Cr., marking an increase of 9.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,699.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,845.00 Cr. (Mar 2024) to ₹1,699.00 Cr., marking a decrease of 146.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,041.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,104.00 Cr. (Mar 2024) to ₹3,041.00 Cr., marking a decrease of 63.00 Cr..

Notably, the Reserves (845.00 Cr.) exceed the Borrowings (748.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	148	155	131	184	184	148	28	370	329
Cash from Investing Activity +	-69	-75	-135	-230	-242	-118	-120	-152	-150
Cash from Financing Activity +	-82	-75	9	38	70	-31	84	-216	-146
Net Cash Flow	-2	5	5	-9	12	-0	-9	3	34

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-214.00	-183.00	-160.00	-250.00	-478.00	-555.00	-621.00	-598.00	-512.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	64	73	69	62	65	112	82	60	53
Inventory Days	84	71	78	66	81	119	101	95	89
Days Payable	104	108	103	97	99	195	136	124	121
Cash Conversion Cycle	44	37	44	31	46	36	46	31	21
Working Capital Days	42	35	40	33	33	58	53	34	27
ROCE %		15%	15%	16%	8%	4%	11%	11%	12%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	57.53%	57.53%	57.53%	58.10%	58.73%	58.73%	58.31%	58.31%	58.31%	58.31%	58.31%	58.31%
FIIs	0.27%	0.33%	0.40%	0.40%	0.42%	0.21%	0.26%	0.19%	0.29%	0.81%	0.42%	0.34%
DIIs	19.93%	19.95%	19.98%	20.02%	20.02%	20.02%	18.81%	18.32%	13.13%	12.16%	11.99%	11.68%
Public	22.27%	22.19%	22.09%	21.48%	20.83%	21.04%	22.61%	23.18%	28.27%	28.72%	29.28%	29.67%
No. of Shareholders	16,217	16,195	15,785	15,658	15,587	15,352	16,245	16,775	20,434	21,226	22,686	23,193

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India ELSS Tax Saver Fund	1,509,406	0.7	99.26	N/A	N/A	N/A
Taurus Flexi Cap Fund	21,283	0.43	1.4	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	25.69	24.13	31.78	0.76	20.39
Diluted EPS (Rs.)	25.69	24.13	31.78	0.76	20.39
Cash EPS (Rs.)	55.51	50.41	71.45	35.66	52.06
Book Value[Excl.RevalReserv]/Share (Rs.)	347.49	323.01	312.01	282.63	284.58
Book Value[Incl.RevalReserv]/Share (Rs.)	347.49	323.01	312.01	282.63	284.58
Revenue From Operations / Share (Rs.)	2037.37	1933.15	1648.58	1003.06	1110.39
PBDIT / Share (Rs.)	112.18	99.43	110.99	60.41	74.80
PBIT / Share (Rs.)	77.42	69.45	69.02	24.84	42.42
PBT / Share (Rs.)	27.28	26.70	39.31	0.36	14.77
Net Profit / Share (Rs.)	20.75	20.42	29.49	0.08	19.67
NP After MI And SOA / Share (Rs.)	25.69	24.14	31.78	0.75	20.39
PBDIT Margin (%)	5.50	5.14	6.73	6.02	6.73
PBIT Margin (%)	3.80	3.59	4.18	2.47	3.82
PBT Margin (%)	1.33	1.38	2.38	0.03	1.33
Net Profit Margin (%)	1.01	1.05	1.78	0.00	1.77
NP After MI And SOA Margin (%)	1.26	1.24	1.92	0.07	1.83
Return on Networth / Equity (%)	7.47	7.59	10.42	0.27	7.39
Return on Capital Employeed (%)	15.68	15.99	15.52	5.51	9.94
Return On Assets (%)	2.02	1.92	2.57	0.07	2.46
Long Term Debt / Equity (X)	0.34	0.26	0.34	0.50	0.42
Total Debt / Equity (X)	0.90	1.00	1.16	0.86	0.76
Asset Turnover Ratio (%)	1.63	1.55	1.42	1.05	1.29
Current Ratio (X)	0.94	0.93	0.98	1.03	1.02
Quick Ratio (X)	0.47	0.50	0.56	0.63	0.59
Inventory Turnover Ratio (X)	4.16	4.23	4.29	3.35	3.98
Dividend Payout Ratio (NP) (%)	0.00	12.43	3.15	350.54	17.73
Dividend Payout Ratio (CP) (%)	0.00	5.54	1.35	7.29	6.85
Earning Retention Ratio (%)	0.00	87.57	96.85	-250.54	82.27
Cash Earning Retention Ratio (%)	0.00	94.46	98.65	92.71	93.15
Interest Coverage Ratio (X)	2.24	2.33	3.74	2.47	2.71
Interest Coverage Ratio (Post Tax) (X)	1.41	1.48	1.99	1.00	1.71
Enterprise Value (Cr.)	2222.41	1859.92	2092.56	1676.77	1273.70
EV / Net Operating Revenue (X)	0.44	0.39	0.52	0.69	0.47
EV / EBITDA (X)	8.11	7.77	7.84	11.54	7.08
MarketCap / Net Operating Revenue (X)	0.29	0.23	0.31	0.45	0.28
Retention Ratios (%)	0.00	87.56	96.84	-250.54	82.26
Price / BV (X)	1.74	1.42	1.68	1.65	1.13
Price / Net Operating Revenue (X)	0.29	0.23	0.31	0.45	0.28
EarningsYield	0.04	0.05	0.06	0.00	0.06

After reviewing the key financial ratios for Wheels India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 25.69. This value is within the healthy range. It has increased from 24.13 (Mar 23) to 25.69, marking an increase of 1.56.
For Diluted EPS (Rs.), as of Mar 24, the value is 25.69. This value is within the healthy range. It has increased from 24.13 (Mar 23) to 25.69, marking an increase of 1.56.
For Cash EPS (Rs.), as of Mar 24, the value is 55.51. This value is within the healthy range. It has increased from 50.41 (Mar 23) to 55.51, marking an increase of 5.10.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 347.49. It has increased from 323.01 (Mar 23) to 347.49, marking an increase of 24.48.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 347.49. It has increased from 323.01 (Mar 23) to 347.49, marking an increase of 24.48.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 2,037.37. It has increased from 1,933.15 (Mar 23) to 2,037.37, marking an increase of 104.22.
For PBDIT / Share (Rs.), as of Mar 24, the value is 112.18. This value is within the healthy range. It has increased from 99.43 (Mar 23) to 112.18, marking an increase of 12.75.
For PBIT / Share (Rs.), as of Mar 24, the value is 77.42. This value is within the healthy range. It has increased from 69.45 (Mar 23) to 77.42, marking an increase of 7.97.
For PBT / Share (Rs.), as of Mar 24, the value is 27.28. This value is within the healthy range. It has increased from 26.70 (Mar 23) to 27.28, marking an increase of 0.58.
For Net Profit / Share (Rs.), as of Mar 24, the value is 20.75. This value is within the healthy range. It has increased from 20.42 (Mar 23) to 20.75, marking an increase of 0.33.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 25.69. This value is within the healthy range. It has increased from 24.14 (Mar 23) to 25.69, marking an increase of 1.55.
For PBDIT Margin (%), as of Mar 24, the value is 5.50. This value is below the healthy minimum of 10. It has increased from 5.14 (Mar 23) to 5.50, marking an increase of 0.36.
For PBIT Margin (%), as of Mar 24, the value is 3.80. This value is below the healthy minimum of 10. It has increased from 3.59 (Mar 23) to 3.80, marking an increase of 0.21.
For PBT Margin (%), as of Mar 24, the value is 1.33. This value is below the healthy minimum of 10. It has decreased from 1.38 (Mar 23) to 1.33, marking a decrease of 0.05.
For Net Profit Margin (%), as of Mar 24, the value is 1.01. This value is below the healthy minimum of 5. It has decreased from 1.05 (Mar 23) to 1.01, marking a decrease of 0.04.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 1.26. This value is below the healthy minimum of 8. It has increased from 1.24 (Mar 23) to 1.26, marking an increase of 0.02.
For Return on Networth / Equity (%), as of Mar 24, the value is 7.47. This value is below the healthy minimum of 15. It has decreased from 7.59 (Mar 23) to 7.47, marking a decrease of 0.12.
For Return on Capital Employeed (%), as of Mar 24, the value is 15.68. This value is within the healthy range. It has decreased from 15.99 (Mar 23) to 15.68, marking a decrease of 0.31.
For Return On Assets (%), as of Mar 24, the value is 2.02. This value is below the healthy minimum of 5. It has increased from 1.92 (Mar 23) to 2.02, marking an increase of 0.10.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.34. This value is within the healthy range. It has increased from 0.26 (Mar 23) to 0.34, marking an increase of 0.08.
For Total Debt / Equity (X), as of Mar 24, the value is 0.90. This value is within the healthy range. It has decreased from 1.00 (Mar 23) to 0.90, marking a decrease of 0.10.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.63. It has increased from 1.55 (Mar 23) to 1.63, marking an increase of 0.08.
For Current Ratio (X), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 1.5. It has increased from 0.93 (Mar 23) to 0.94, marking an increase of 0.01.
For Quick Ratio (X), as of Mar 24, the value is 0.47. This value is below the healthy minimum of 1. It has decreased from 0.50 (Mar 23) to 0.47, marking a decrease of 0.03.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 4.16. This value is within the healthy range. It has decreased from 4.23 (Mar 23) to 4.16, marking a decrease of 0.07.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 12.43 (Mar 23) to 0.00, marking a decrease of 12.43.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 5.54 (Mar 23) to 0.00, marking a decrease of 5.54.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 87.57 (Mar 23) to 0.00, marking a decrease of 87.57.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 94.46 (Mar 23) to 0.00, marking a decrease of 94.46.
For Interest Coverage Ratio (X), as of Mar 24, the value is 2.24. This value is below the healthy minimum of 3. It has decreased from 2.33 (Mar 23) to 2.24, marking a decrease of 0.09.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.41. This value is below the healthy minimum of 3. It has decreased from 1.48 (Mar 23) to 1.41, marking a decrease of 0.07.
For Enterprise Value (Cr.), as of Mar 24, the value is 2,222.41. It has increased from 1,859.92 (Mar 23) to 2,222.41, marking an increase of 362.49.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.44. This value is below the healthy minimum of 1. It has increased from 0.39 (Mar 23) to 0.44, marking an increase of 0.05.
For EV / EBITDA (X), as of Mar 24, the value is 8.11. This value is within the healthy range. It has increased from 7.77 (Mar 23) to 8.11, marking an increase of 0.34.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.29. This value is below the healthy minimum of 1. It has increased from 0.23 (Mar 23) to 0.29, marking an increase of 0.06.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 87.56 (Mar 23) to 0.00, marking a decrease of 87.56.
For Price / BV (X), as of Mar 24, the value is 1.74. This value is within the healthy range. It has increased from 1.42 (Mar 23) to 1.74, marking an increase of 0.32.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.29. This value is below the healthy minimum of 1. It has increased from 0.23 (Mar 23) to 0.29, marking an increase of 0.06.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 23) to 0.04, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Wheels India Ltd as of April 13, 2025 is: 297.67

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 13, 2025, Wheels India Ltd is Overvalued by 53.34% compared to the current share price 638.00

Intrinsic Value of Wheels India Ltd as of April 13, 2025 is: 675.30

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 13, 2025, Wheels India Ltd is Undervalued by 5.85% compared to the current share price 638.00

Last 5 Year EPS CAGR: 126.86%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (642.80 cr) compared to borrowings (617.80 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.70 cr) and profit (77.20 cr) over the years.	The stock has a low average ROCE of 10.22%, which may not be favorable. The stock has a high average Working Capital Days of 39.44, which may not be favorable. The stock has a high average Cash Conversion Cycle of 37.33, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Wheels India Ltd:
1. Net Profit Margin: 1.01%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 15.68% (Industry Average ROCE: 11.62%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 7.47% (Industry Average ROE: 8.74%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.41
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.47
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 14 (Industry average Stock P/E: 127.77)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.9
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Wheels India Ltd. is a Public Limited Listed company incorporated on 13/06/1960 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L35921TN1960PLC004175 and registration number is 004175. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company's Total Operating Revenue is Rs. 4607.11 Cr. and Equity Capital is Rs. 24.43 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Dr. Trans & Steer - Wheels	No.21, Patullos Road, Chennai (Madras) Tamil Nadu 600002	investorservices@wheelsindia.com https://wheelsindia.com

Management
Name	Position Held
Mr. S Ram	Chairman
Mr. Srivats Ram	Managing Director
Mr. Rishikesha T Krishnan	Director
Mr. S Viji	Director
Mr. S Prasad	Director
Mr. Aroon Raman	Director
Mr. R Raghuttama Rao	Director
Ms. Sumithra Gomatam	Director

FAQ

What is the intrinsic value of Wheels India Ltd?

Wheels India Ltd's intrinsic value (as of 13 April 2025) is ₹297.67 — 53.34% lower the current market price of 638.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,557 Cr. market cap, FY2025-2026 high/low of ₹915/544, reserves of 845 Cr, and liabilities of 3,041 Cr.

What is the Market Cap of Wheels India Ltd?

The Market Cap of Wheels India Ltd is 1,557 Cr..

What is the current Stock Price of Wheels India Ltd as on 13 April 2025?

The current stock price of Wheels India Ltd as on 13 April 2025 is 638.

What is the High / Low of Wheels India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Wheels India Ltd stocks is ₹915/544.

What is the Stock P/E of Wheels India Ltd?

The Stock P/E of Wheels India Ltd is 14.0.

What is the Book Value of Wheels India Ltd?

The Book Value of Wheels India Ltd is 356.

What is the Dividend Yield of Wheels India Ltd?

The Dividend Yield of Wheels India Ltd is 1.16 %.

What is the ROCE of Wheels India Ltd?

The ROCE of Wheels India Ltd is 12.3 %.

What is the ROE of Wheels India Ltd?

The ROE of Wheels India Ltd is 7.38 %.

What is the Face Value of Wheels India Ltd?

The Face Value of Wheels India Ltd is 10.0.