Wheels India Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Wheels India Ltd and is it undervalued?

As of 04 May 2026, Wheels India Ltd's intrinsic value is 770.75, which is 38.63% lower than the current market price of 1,256.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (12.6 %), book value (394), dividend yield (0.92 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of Wheels India Ltd?

Wheels India Ltd is trading at 1,256.00 as of 04 May 2026, with a FY2026-2027 high of 1,310 and low of 634. The stock is currently near its 52-week high. Market cap stands at 3,064 Cr..

Q: Is Wheels India Ltd financially healthy?

Key indicators: ROCE of 16.4 % indicates efficient capital utilization. Dividend yield is 0.92 %.

Q: Is Wheels India Ltd profitable and how is the profit trend?

Wheels India Ltd reported a net profit of 112 Cr in Mar 2025 on revenue of 4,744 Cr. Compared to 74 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹909.83Overvalued by 27.56%vs CMP ₹1,256.00

P/E (22.7) × ROE (12.6%) × BV (₹394.00) × DY (0.92%)

₹814.28Overvalued by 35.17%vs CMP ₹1,256.00

MoS: -54.2% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹1,016.50	26%	Over (-19.1%)
Graham Number	Earnings	₹700.29	18%	Over (-44.2%)
DCF	Cash Flow	₹705.43	15%	Over (-43.8%)
Net Asset Value	Assets	₹394.75	8%	Over (-68.6%)
EV/EBITDA	Enterprise	₹1,522.45	10%	Under (+21.2%)
Earnings Yield	Earnings	₹553.20	8%	Over (-56%)
ROCE Capital	Returns	₹319.79	8%	Over (-74.5%)
Revenue Multiple	Revenue	₹972.33	6%	Over (-22.6%)
Consensus (8 models)		₹814.28	100%	Overvalued

Key Drivers: Wide model spread (₹320–₹1,522) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 11.7%

*Investments are subject to market risks

Analyst Summary

Wheels India Ltd operates in the Auto Ancl - Dr. Trans & Steer - Wheels segment, NSE: WHEELS | BSE: 590073, current market price is ₹1,256.00, market cap is 3,064 Cr.. At a glance, stock P/E is 22.7, ROE is 12.6 %, ROCE is 16.4 %, book value is 394, dividend yield is 0.92 %. The latest intrinsic value estimate is ₹814.28, around 35.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹4,744 Cr versus the prior period change of -4.7%, while latest net profit is about ₹112 Cr with a prior-period change of 89.8%. The 52-week range shown on this page is 1,310/634, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisWheels 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 L3592…

This summary is generated from the stock page data available for Wheels India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Wheels India Ltd scores 68/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health65/100 · Strong

ROCE 16.4% GoodROE 12.6% GoodD/E 0.86 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent

Smart Money50/100 · Moderate

FII holding up 0.80% (6mo) Slight increaseDII holding down 1.87% MF sellingPromoter holding at 58.3% Stable

Earnings Quality60/100 · Moderate

OPM stable around 6% SteadyWorking capital: -11 days (improving) Efficient

Quarterly Momentum80/100 · Strong

Revenue (4Q): +9% YoY GrowingProfit (4Q): +25% YoY Strong

Industry Rank85/100 · Strong

P/E 22.7 vs industry 38.9 Cheaper than peersROCE 16.4% vs industry 13.6% Above peersROE 12.6% vs industry 10.4% Above peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 1:59 am

Market Cap	3,064 Cr.
Current Price	1,256
Intrinsic Value	₹770.75
High / Low	1,310/634
Stock P/E	22.7
Book Value	394
Dividend Yield	0.92 %
ROCE	16.4 %
ROE	12.6 %
Face Value	10.0
PEG Ratio	1.94

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	3,064 Cr.	1,256	1,310/634	22.7	394	0.92 %	16.4 %	12.6 %	10.0
Steel Strips Wheels Ltd	3,386 Cr.	215	280/169	17.0	104	0.58 %	16.8 %	14.5 %	1.00
Enkei Wheels India Ltd	755 Cr.	420	568/357	76.9	133	0.00 %	7.66 %	4.13 %	5.00
Industry Average	2,401.67 Cr	630.33		38.87	210.33	0.50%	13.62%	10.41%	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

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

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	74	78	-64	-50	-60	29	-94	217	179	192
CFO/OP	92%	94%	81%	84%	114%	96%	22%	173%	134%	117%

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	0.52	102.3	N/A	N/A	N/A
Nippon India ELSS Tax Saver Fund	1,041,294	0.63	93.9	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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 and is it undervalued?

As of 04 May 2026, Wheels India Ltd's intrinsic value is ₹814.28, which is 35.17% lower than the current market price of ₹1,256.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.6 %), book value (₹394), dividend yield (0.92 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Wheels India Ltd?

Wheels India Ltd is trading at ₹1,256.00 as of 04 May 2026, with a FY2026-2027 high of ₹1,310 and low of ₹634. The stock is currently near its 52-week high. Market cap stands at ₹3,064 Cr..

How does Wheels India Ltd's P/E ratio compare to its industry?

Wheels India Ltd has a P/E ratio of 22.7, which is below the industry average of 38.87. This is broadly in line with or below the industry average.

Is Wheels India Ltd financially healthy?

Key indicators for Wheels India Ltd: ROCE of 16.4 % indicates efficient capital utilization. Dividend yield is 0.92 %.

Is Wheels India Ltd profitable and how is the profit trend?

Wheels India Ltd reported a net profit of ₹112 Cr in Mar 2025 on revenue of ₹4,744 Cr. Compared to ₹74 Cr in Mar 2022, the net profit shows an improving trend.

Does Wheels India Ltd pay dividends?

Wheels India Ltd has a dividend yield of 0.92 % at the current price of ₹1,256.00. The company pays dividends, though the yield is modest.