Wheels India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 1:36 pm

Market Cap	2,142 Cr.
Current Price	877
Intrinsic Value	₹710.32
High / Low	979/549
Stock P/E	15.8
Book Value	394
Dividend Yield	1.32 %
ROCE	16.4 %
ROE	12.6 %
Face Value	10.0
PEG Ratio	1.35

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

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Wheels India Ltd	2,142 Cr.	877	979/549	15.8	394	1.32 %	16.4 %	12.6 %	10.0
Steel Strips Wheels Ltd	3,235 Cr.	206	280/167	16.2	104	0.61 %	16.8 %	14.5 %	1.00
Enkei Wheels India Ltd	805 Cr.	448	586/404	116	127	0.00 %	7.34 %	2.95 %	5.00
Industry Average	2,060.67 Cr	510.33		49.33	208.33	0.64%	13.51%	10.02%	5.33

All Competitor Stocks of Wheels India Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1,078	1,251	1,212	1,284	1,210	1,271	1,166	1,176	1,125	1,277	1,266	1,264	1,371
Expenses	1,033	1,181	1,153	1,236	1,150	1,174	1,086	1,093	1,040	1,174	1,172	1,171	1,271
Operating Profit	45	70	58	48	60	97	79	83	85	103	94	93	100
OPM %	4%	6%	5%	4%	5%	8%	7%	7%	8%	8%	7%	7%	7%
Other Income	15	6	4	7	2	5	4	2	3	3	4	7	8
Interest	27	30	31	30	30	31	29	31	31	30	31	30	30
Depreciation	18	19	20	21	21	22	23	23	24	24	26	27	29
Profit before tax	14	26	11	3	11	50	31	32	33	52	41	42	49
Tax %	26%	17%	21%	-12%	19%	24%	25%	25%	24%	25%	25%	25%	24%
Net Profit	11	21	9	3	9	38	24	24	25	39	31	32	37
EPS in Rs	4.98	9.28	4.07	1.78	4.14	15.76	9.66	9.82	10.25	15.65	12.23	12.68	14.76

Last Updated: February 3, 2026, 2:16 pm

Below is a detailed analysis of the quarterly data for Wheels India Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 1,371.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,264.00 Cr. (Sep 2025) to 1,371.00 Cr., marking an increase of 107.00 Cr..
For Expenses, as of Dec 2025, the value is 1,271.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,171.00 Cr. (Sep 2025) to 1,271.00 Cr., marking an increase of 100.00 Cr..
For Operating Profit, as of Dec 2025, the value is 100.00 Cr.. The value appears strong and on an upward trend. It has increased from 93.00 Cr. (Sep 2025) to 100.00 Cr., marking an increase of 7.00 Cr..
For OPM %, as of Dec 2025, the value is 7.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 7.00%.
For Other Income, as of Dec 2025, the value is 8.00 Cr.. The value appears strong and on an upward trend. It has increased from 7.00 Cr. (Sep 2025) to 8.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Dec 2025, the value is 30.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 30.00 Cr..
For Depreciation, as of Dec 2025, the value is 29.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 27.00 Cr. (Sep 2025) to 29.00 Cr., marking an increase of 2.00 Cr..
For Profit before tax, as of Dec 2025, the value is 49.00 Cr.. The value appears strong and on an upward trend. It has increased from 42.00 Cr. (Sep 2025) to 49.00 Cr., marking an increase of 7.00 Cr..
For Tax %, as of Dec 2025, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2025) to 24.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2025, the value is 37.00 Cr.. The value appears strong and on an upward trend. It has increased from 32.00 Cr. (Sep 2025) to 37.00 Cr., marking an increase of 5.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 14.76. The value appears strong and on an upward trend. It has increased from 12.68 (Sep 2025) to 14.76, marking an increase of 2.08.

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: February 26, 2026, 11:43 am

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,987	2,173	2,563	3,441	2,672	2,413	3,966	4,640	4,977	4,744	5,178
Expenses	1,815	1,987	2,364	3,196	2,500	2,270	3,712	4,420	4,711	4,392	4,788
Operating Profit	172	186	199	245	172	143	255	221	266	352	390
OPM %	9%	9%	8%	7%	6%	6%	6%	5%	5%	7%	8%
Other Income	2	4	23	8	8	2	16	26	16	11	22
Interest	58	48	45	66	67	59	71	106	122	122	121
Depreciation	60	64	70	79	78	86	101	74	85	93	107
Profit before tax	56	78	106	108	36	1	98	66	75	149	183
Tax %	29%	24%	29%	30%	-33%	85%	24%	22%	21%	25%
Net Profit	41	59	75	76	47	0	74	51	59	112	138
EPS in Rs	17.07	24.58	31.15	31.79	20.39	0.76	31.78	23.00	25.69	45.39	55.32
Dividend Payout %	26%	26%	24%	25%	28%	132%	26%	30%	29%	25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	43.90%	27.12%	1.33%	-38.16%	-100.00%	-31.08%	15.69%	89.83%
Change in YoY Net Profit Growth (%)	0.00%	-16.78%	-25.79%	-39.49%	-61.84%	68.92%	46.77%	74.14%

Wheels India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	12%
3 Years:	6%
TTM:	-2%

Compounded Profit Growth
10 Years:	%
5 Years:	18%
3 Years:	13%
TTM:	54%

Stock Price CAGR
10 Years:	3%
5 Years:	12%
3 Years:	3%
1 Year:	-10%

Return on Equity
10 Years:	%
5 Years:	8%
3 Years:	9%
Last Year:	13%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 4, 2025, 2:13 am

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	12	12	12	24	24	24	24	24	24	24	24
Reserves	402	457	575	616	640	637	710	731	815	898	939
Borrowings	386	369	359	495	650	698	876	819	778	737	736
Other Liabilities	495	532	718	880	674	1,118	1,364	1,474	1,487	1,530	1,607
Total Liabilities	1,295	1,369	1,663	2,015	1,987	2,476	2,974	3,048	3,104	3,188	3,306
Fixed Assets	518	526	557	710	753	883	903	1,060	1,149	1,295	1,330
CWIP	17	22	65	65	198	114	126	114	77	50	63
Investments	17	19	21	23	23	23	24	22	32	46	73
Other Assets	743	802	1,019	1,216	1,013	1,456	1,921	1,851	1,845	1,797	1,841
Total Assets	1,295	1,369	1,663	2,015	1,987	2,476	2,974	3,048	3,104	3,188	3,306

Below is a detailed analysis of the balance sheet data for Wheels India Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 24.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 24.00 Cr..
For Reserves, as of Sep 2025, the value is 939.00 Cr.. The value appears strong and on an upward trend. It has increased from 898.00 Cr. (Mar 2025) to 939.00 Cr., marking an increase of 41.00 Cr..
For Borrowings, as of Sep 2025, the value is 736.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 737.00 Cr. (Mar 2025) to 736.00 Cr., marking a decrease of 1.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 1,607.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,530.00 Cr. (Mar 2025) to 1,607.00 Cr., marking an increase of 77.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 3,306.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,188.00 Cr. (Mar 2025) to 3,306.00 Cr., marking an increase of 118.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 1,330.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,295.00 Cr. (Mar 2025) to 1,330.00 Cr., marking an increase of 35.00 Cr..
For CWIP, as of Sep 2025, the value is 63.00 Cr.. The value appears strong and on an upward trend. It has increased from 50.00 Cr. (Mar 2025) to 63.00 Cr., marking an increase of 13.00 Cr..
For Investments, as of Sep 2025, the value is 73.00 Cr.. The value appears strong and on an upward trend. It has increased from 46.00 Cr. (Mar 2025) to 73.00 Cr., marking an increase of 27.00 Cr..
For Other Assets, as of Sep 2025, the value is 1,841.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,797.00 Cr. (Mar 2025) to 1,841.00 Cr., marking an increase of 44.00 Cr..
For Total Assets, as of Sep 2025, the value is 3,306.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,188.00 Cr. (Mar 2025) to 3,306.00 Cr., marking an increase of 118.00 Cr..

Notably, the Reserves (939.00 Cr.) exceed the Borrowings (736.00 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	Mar 2025
Cash from Operating Activity +	148	155	131	184	184	148	28	370	329	400
Cash from Investing Activity +	-69	-75	-135	-230	-242	-118	-120	-152	-150	-213
Cash from Financing Activity +	-82	-75	9	38	70	-31	84	-216	-146	-188
Net Cash Flow	-2	5	5	-9	12	-0	-9	3	34	-0

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-214.00	-183.00	-160.00	-250.00	-478.00	-555.00	-621.00	-598.00	-512.00	-385.00

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	Mar 2025
Debtor Days	64	73	69	62	65	112	82	60	53	62
Inventory Days	84	71	78	66	81	119	101	95	89	85
Days Payable	104	108	103	97	99	195	136	124	121	135
Cash Conversion Cycle	44	37	44	31	46	36	46	31	21	12
Working Capital Days	15	10	17	9	2	5	-3	-13	-8	-11
ROCE %		15%	15%	16%	8%	4%	11%	11%	12%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	58.73%	58.73%	58.31%	58.31%	58.31%	58.31%	58.31%	58.31%	58.31%	58.31%	58.31%	58.31%
FIIs	0.42%	0.21%	0.26%	0.19%	0.29%	0.81%	0.42%	0.34%	0.38%	0.57%	1.08%	1.18%
DIIs	20.02%	20.02%	18.81%	18.32%	13.13%	12.16%	11.99%	11.68%	11.68%	11.64%	10.68%	9.81%
Public	20.83%	21.04%	22.61%	23.18%	28.27%	28.72%	29.28%	29.67%	29.63%	29.48%	29.93%	30.70%
No. of Shareholders	15,587	15,352	16,245	16,775	20,434	21,226	22,686	23,193	23,657	22,873	22,558	22,678

Shareholding Pattern Chart

No. of Shareholders

Wheels India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Multi Cap Fund	1,134,390	0.45	86.47	N/A	N/A	N/A
Nippon India ELSS Tax Saver Fund	1,041,294	0.53	79.37	1,074,003	2026-02-23 01:17:47	-3.05%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	45.39	25.69	24.13	31.78	0.76
Diluted EPS (Rs.)	45.39	25.69	24.13	31.78	0.76
Cash EPS (Rs.)	81.41	55.51	50.41	71.45	35.66
Book Value[Excl.RevalReserv]/Share (Rs.)	377.40	343.74	317.61	312.01	282.63
Book Value[Incl.RevalReserv]/Share (Rs.)	377.40	343.74	317.61	312.01	282.63
Revenue From Operations / Share (Rs.)	1942.04	2037.37	1933.15	1648.58	1003.06
PBDIT / Share (Rs.)	146.19	112.18	99.43	110.99	60.41
PBIT / Share (Rs.)	108.04	77.42	69.45	69.02	24.84
PBT / Share (Rs.)	58.28	27.28	26.70	39.31	0.36
Net Profit / Share (Rs.)	43.25	20.75	20.42	29.49	0.08
NP After MI And SOA / Share (Rs.)	45.40	25.69	24.14	31.78	0.75
PBDIT Margin (%)	7.52	5.50	5.14	6.73	6.02
PBIT Margin (%)	5.56	3.80	3.59	4.18	2.47
PBT Margin (%)	3.00	1.33	1.38	2.38	0.03
Net Profit Margin (%)	2.22	1.01	1.05	1.78	0.00
NP After MI And SOA Margin (%)	2.33	1.26	1.24	1.92	0.07
Return on Networth / Equity (%)	12.02	7.47	7.59	10.42	0.27
Return on Capital Employeed (%)	20.17	15.68	15.99	15.52	5.51
Return On Assets (%)	3.47	2.02	1.92	2.57	0.07
Long Term Debt / Equity (X)	0.32	0.34	0.26	0.34	0.50
Total Debt / Equity (X)	0.78	0.90	1.00	1.16	0.86
Asset Turnover Ratio (%)	1.51	1.63	1.55	1.42	1.05
Current Ratio (X)	0.92	0.94	0.93	0.98	1.03
Quick Ratio (X)	0.51	0.47	0.50	0.56	0.63
Inventory Turnover Ratio (X)	5.75	4.16	4.23	4.29	3.35
Dividend Payout Ratio (NP) (%)	9.90	15.21	12.43	3.15	350.54
Dividend Payout Ratio (CP) (%)	5.38	6.46	5.54	1.35	7.29
Earning Retention Ratio (%)	90.10	84.79	87.57	96.85	-250.54
Cash Earning Retention Ratio (%)	94.62	93.54	94.46	98.65	92.71
Interest Coverage Ratio (X)	2.94	2.24	2.33	3.74	2.47
Interest Coverage Ratio (Post Tax) (X)	1.87	1.41	1.48	1.99	1.00
Enterprise Value (Cr.)	2148.24	2222.41	1859.92	2092.56	1676.77
EV / Net Operating Revenue (X)	0.45	0.44	0.39	0.52	0.69
EV / EBITDA (X)	6.01	8.11	7.77	7.84	11.54
MarketCap / Net Operating Revenue (X)	0.29	0.29	0.23	0.31	0.45
Retention Ratios (%)	90.09	84.78	87.56	96.84	-250.54
Price / BV (X)	1.54	1.74	1.42	1.68	1.65
Price / Net Operating Revenue (X)	0.29	0.29	0.23	0.31	0.45
EarningsYield	0.07	0.04	0.05	0.06	0.00

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 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 25, the value is 45.39. This value is within the healthy range. It has increased from 25.69 (Mar 24) to 45.39, marking an increase of 19.70.
For Diluted EPS (Rs.), as of Mar 25, the value is 45.39. This value is within the healthy range. It has increased from 25.69 (Mar 24) to 45.39, marking an increase of 19.70.
For Cash EPS (Rs.), as of Mar 25, the value is 81.41. This value is within the healthy range. It has increased from 55.51 (Mar 24) to 81.41, marking an increase of 25.90.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 377.40. It has increased from 343.74 (Mar 24) to 377.40, marking an increase of 33.66.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 377.40. It has increased from 343.74 (Mar 24) to 377.40, marking an increase of 33.66.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,942.04. It has decreased from 2,037.37 (Mar 24) to 1,942.04, marking a decrease of 95.33.
For PBDIT / Share (Rs.), as of Mar 25, the value is 146.19. This value is within the healthy range. It has increased from 112.18 (Mar 24) to 146.19, marking an increase of 34.01.
For PBIT / Share (Rs.), as of Mar 25, the value is 108.04. This value is within the healthy range. It has increased from 77.42 (Mar 24) to 108.04, marking an increase of 30.62.
For PBT / Share (Rs.), as of Mar 25, the value is 58.28. This value is within the healthy range. It has increased from 27.28 (Mar 24) to 58.28, marking an increase of 31.00.
For Net Profit / Share (Rs.), as of Mar 25, the value is 43.25. This value is within the healthy range. It has increased from 20.75 (Mar 24) to 43.25, marking an increase of 22.50.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 45.40. This value is within the healthy range. It has increased from 25.69 (Mar 24) to 45.40, marking an increase of 19.71.
For PBDIT Margin (%), as of Mar 25, the value is 7.52. This value is below the healthy minimum of 10. It has increased from 5.50 (Mar 24) to 7.52, marking an increase of 2.02.
For PBIT Margin (%), as of Mar 25, the value is 5.56. This value is below the healthy minimum of 10. It has increased from 3.80 (Mar 24) to 5.56, marking an increase of 1.76.
For PBT Margin (%), as of Mar 25, the value is 3.00. This value is below the healthy minimum of 10. It has increased from 1.33 (Mar 24) to 3.00, marking an increase of 1.67.
For Net Profit Margin (%), as of Mar 25, the value is 2.22. This value is below the healthy minimum of 5. It has increased from 1.01 (Mar 24) to 2.22, marking an increase of 1.21.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 2.33. This value is below the healthy minimum of 8. It has increased from 1.26 (Mar 24) to 2.33, marking an increase of 1.07.
For Return on Networth / Equity (%), as of Mar 25, the value is 12.02. This value is below the healthy minimum of 15. It has increased from 7.47 (Mar 24) to 12.02, marking an increase of 4.55.
For Return on Capital Employeed (%), as of Mar 25, the value is 20.17. This value is within the healthy range. It has increased from 15.68 (Mar 24) to 20.17, marking an increase of 4.49.
For Return On Assets (%), as of Mar 25, the value is 3.47. This value is below the healthy minimum of 5. It has increased from 2.02 (Mar 24) to 3.47, marking an increase of 1.45.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.32. This value is within the healthy range. It has decreased from 0.34 (Mar 24) to 0.32, marking a decrease of 0.02.
For Total Debt / Equity (X), as of Mar 25, the value is 0.78. This value is within the healthy range. It has decreased from 0.90 (Mar 24) to 0.78, marking a decrease of 0.12.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.51. It has decreased from 1.63 (Mar 24) to 1.51, marking a decrease of 0.12.
For Current Ratio (X), as of Mar 25, the value is 0.92. This value is below the healthy minimum of 1.5. It has decreased from 0.94 (Mar 24) to 0.92, marking a decrease of 0.02.
For Quick Ratio (X), as of Mar 25, the value is 0.51. This value is below the healthy minimum of 1. It has increased from 0.47 (Mar 24) to 0.51, marking an increase of 0.04.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.75. This value is within the healthy range. It has increased from 4.16 (Mar 24) to 5.75, marking an increase of 1.59.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 9.90. This value is below the healthy minimum of 20. It has decreased from 15.21 (Mar 24) to 9.90, marking a decrease of 5.31.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 5.38. This value is below the healthy minimum of 20. It has decreased from 6.46 (Mar 24) to 5.38, marking a decrease of 1.08.
For Earning Retention Ratio (%), as of Mar 25, the value is 90.10. This value exceeds the healthy maximum of 70. It has increased from 84.79 (Mar 24) to 90.10, marking an increase of 5.31.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 94.62. This value exceeds the healthy maximum of 70. It has increased from 93.54 (Mar 24) to 94.62, marking an increase of 1.08.
For Interest Coverage Ratio (X), as of Mar 25, the value is 2.94. This value is below the healthy minimum of 3. It has increased from 2.24 (Mar 24) to 2.94, marking an increase of 0.70.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.87. This value is below the healthy minimum of 3. It has increased from 1.41 (Mar 24) to 1.87, marking an increase of 0.46.
For Enterprise Value (Cr.), as of Mar 25, the value is 2,148.24. It has decreased from 2,222.41 (Mar 24) to 2,148.24, marking a decrease of 74.17.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.45. This value is below the healthy minimum of 1. It has increased from 0.44 (Mar 24) to 0.45, marking an increase of 0.01.
For EV / EBITDA (X), as of Mar 25, the value is 6.01. This value is within the healthy range. It has decreased from 8.11 (Mar 24) to 6.01, marking a decrease of 2.10.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.29. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 24) which recorded 0.29.
For Retention Ratios (%), as of Mar 25, the value is 90.09. This value exceeds the healthy maximum of 70. It has increased from 84.78 (Mar 24) to 90.09, marking an increase of 5.31.
For Price / BV (X), as of Mar 25, the value is 1.54. This value is within the healthy range. It has decreased from 1.74 (Mar 24) to 1.54, marking a decrease of 0.20.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.29. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 24) which recorded 0.29.
For EarningsYield, as of Mar 25, the value is 0.07. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 24) to 0.07, marking an increase of 0.03.

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 March 5, 2026 is: ₹635.78

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 March 5, 2026, Wheels India Ltd is Overvalued by 27.51% compared to the current share price ₹877.00

Intrinsic Value of Wheels India Ltd as of March 5, 2026 is: ₹710.32

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 March 5, 2026, Wheels India Ltd is Overvalued by 19.01% compared to the current share price ₹877.00

Last 5 Year EPS CAGR: 11.72%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 2.30, which is a positive sign. The company has higher reserves (674.55 cr) compared to borrowings (627.55 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.91 cr) and profit (86.91 cr) over the years.	The stock has a low average ROCE of 10.80%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 34.80, 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: 2.22%
  - 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: 20.17% (Industry Average ROCE: 13.51%)
  - 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%: 12.02% (Industry Average ROE: 10.02%)
  - 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): 1.87
  - 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: 0.51
  - 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: 15.8 (Industry average Stock P/E: 49.33)
  - 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: 0.78
  - 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. 4415.33 Cr. and Equity Capital is Rs. 24.43 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Dr. Trans & Steer - Wheels	No.21, Patullos Road, Chennai (Madras) Tamil Nadu 600002	Contact not found

Management
Name	Position Held
Mr. S Ram	Chairman
Mr. Srivats Ram	Managing Director
Mr. S Viji	Director
Ms. Sumithra Gomatam	Director
Mr. R Raghuttama Rao	Director
Mr. Rishikesha T Krishnan	Director
Mr. M P Vijay Kumar	Director

FAQ

What is the intrinsic value of Wheels India Ltd?

Wheels India Ltd's intrinsic value (as of 05 March 2026) is ₹710.32 which is 19.01% lower the current market price of ₹877.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹2,142 Cr. market cap, FY2025-2026 high/low of ₹979/549, reserves of ₹939 Cr, and liabilities of ₹3,306 Cr.

What is the Market Cap of Wheels India Ltd?

The Market Cap of Wheels India Ltd is 2,142 Cr..

What is the current Stock Price of Wheels India Ltd as on 05 March 2026?

The current stock price of Wheels India Ltd as on 05 March 2026 is ₹877.

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 ₹979/549.

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

The Stock P/E of Wheels India Ltd is 15.8.

What is the Book Value of Wheels India Ltd?

The Book Value of Wheels India Ltd is 394.

What is the Dividend Yield of Wheels India Ltd?

The Dividend Yield of Wheels India Ltd is 1.32 %.

What is the ROCE of Wheels India Ltd?

The ROCE of Wheels India Ltd is 16.4 %.

What is the ROE of Wheels India Ltd?

The ROE of Wheels India Ltd is 12.6 %.

What is the Face Value of Wheels India Ltd?

The Face Value of Wheels India Ltd is 10.0.