Wheels India Ltd.
Snapshot View

584.70 +10.10 ▲1.8%

20 May 2022, 12:44:46 PM
Volume: 2,403

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.wheelsindia.com
Market Cap 1,395.99 Cr.
Enterprise Value(EV) 2,161.20 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 31.71 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 18.30 Trailing Twelve Months Ending 2021-12
Industry PE 40.63 Trailing Twelve Months Ending 2021-12
Book Value / Share 293.71 Trailing Twelve Months Ending 2021-12
Price to Book Value 2.00 Calculated using Price: 586.75
Dividend Yield 0.17 Period Ending 2021-03
No. of Shares Subscribed 2.41 Cr. 24,064,558 Shares
FaceValue 10
Company Profile

Wheels India, incorporated in 1960, is promoted by the TVS Group and was started in the early sixties to manufacture automobile wheels. Today, Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India. The company supplies 2/3rd of the domestic market requirement and exports 18% of the turnover to North America, Europe, Asia Pacific and South Africa. The company also has a technical-financial collaboration with Titan Europe.

The company's manufacturing units have received ISO 9001:2000 and ISO/TS 16949:2002 for quality management.

Wheels India has developed 'Air Suspension Systems' which are being marketed under the brand name TVS-WILRIDE. TVS-WILRIDE is the pioneer in Air Suspension Systems in India. It has been specially designed for Indian road conditions. There are approximately 1000 buses on the roads using TVS-WILRIDE Air Suspension Systems. The initial technical know-how was acquired from Dunlop, UK. TVS-WILRIDE Air Suspension Systems are currently being manufactured by Wheels India Limited, in a technical agreement with TRELLEBORG. 

Wheels India Limited engages in the design, manufacture, and sale of automobile wheels in India. It offers steel wheels for heavy vehicles, such as trucks, buses, light commercial vehicles, trailers, and tippers; light vehicles, including passenger cars, mini vans, sport utility vehicles, and multi utility vehicles; agricultural applications consisting of tractors, combines, and farm equipments; and off-road construction equipments, as well as wire wheels for contemporary and classic cars, sport utility vehicles, and multi utility vehicles.

Manufacturing locations:

Padi - The unit located in Padi, Chennai is engaged in manufacturing of wheels for trucks & buses, passenger cars and utility vehicles, off-road construction equipment, agricultural tractors and farm equipment, tracked vehicles and wire wheels. This unit stretches across 29 acres of land.

Pune - This unit located at Pune is spread across 15 acres of land manufacturing wheels for wheels for passenger cars and utility vehicles, agricultural tractors and farm equipment and truck (LCV) wheels.

Rampur - The unit located at Rampur, Uttar Pradesh is spread across 14 acres of land. The company manufactures wheels for agricultural tractors and farm equipment.

Bawal - The unit located Bawal, Haryana manufactures wheels for passenger cars and utility vehicles, agriculture tractors and farms equipment.

Wheel India is planning to set up a plant in Maharashtra spread across in 30 acres of land. The plant will undertake manufacturing of steel structural parts for power plant projects. The plant is anticipated to start its production in second quarter of 2009-10.

Products:

• Wheels for Heavy Vehicles (Trucks, Buses, Light Commercial Vehicles, Trailers, Tippers etc.)  

• Wheels for Light Vehicles (Passenger Cars, Mini Vans, SUVs & MUVs)  

• Wheels for Agricultural Applications (Tractors, Combines, Farm Equipments etc.) 

• Wheels for Off-Road Construction Equipments  

• Wire Wheels (For Contemporary & Classic Cars, MUVs & SUVs)  

• Air Suspension

Customers:

Export Customers: • CATERPILLAR - various plants  • KOMATSU - various plants  • VOLVO  • JCB  • TCM  • Shin Caterpillar Mitsubishi • Kawasaki Heavy Industries  • Hyundai Heavy Industries  • Mitsubishi Heavy Industries  • DOOSAN INFRACORE  • Case New Holland  • BELL Equipment  • KATO 

Domestic Customers: • Caterpillar India • Komatsu India Private India • JCB India  • Barath Earth Movers • Telecon  • Hindustan Motors  • Ingersoll Rand  • L&T  • Escorts  • TIL  • PL Haulwel Trailers  • INDITAL  • L&T CASE Equipment

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.76%
1 Week
+3.19%
1 Month
-2.25%
3 Month
-10.55%
6 Month
-16.98%
1 Year
+18.50%
2 Year
+54.44%
5 Year
-10.66%
10 Year
+307.94%
6 years 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 9.66 13.22 13.90 12.11 7.26 0.03
Return on Capital Employed (%) 14.23 15.26 16.68 16.57 8.37 4.52
Return on Assets (%) 3.09 4.38 4.82 3.93 2.26 0.01

Balance Sheet View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 414 469 587 640 664 661 688
Non Curr. Liab. 261 189 195 276 342 403 347
Curr. Liab. 620 712 866 1,173 1,041 1,393 1,697
Minority Int. 23 23 21 19 19
Equity & Liab. 1,296 1,370 1,672 2,112 2,068 2,476 2,750
Non Curr. Assets 590 588 673 844 1,007 1,047 1,066
Curr. Assets 705 782 999 1,269 1,061 1,429 1,684
Misc. Exp. not W/O
Total Assets 1,296 1,370 1,672 2,112 2,068 2,476 2,750

Profit Loss View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 1,987 2,173 2,563 3,441 2,672 2,413 3,706
Other Income 2 3 8 6 8 2 7
Total Income 1,989 2,176 2,571 3,447 2,680 2,416 3,714
Total Expenditure -1,815 -1,987 -2,364 -3,196 -2,500 -2,270 -3,451
PBIDT 174 189 207 251 180 145 263
Interest -58 -48 -45 -66 -67 -59 -67
Depreciation -60 -64 -70 -79 -78 -86 -100
Taxation -16 -18 -30 -32 12 -1 -24
Exceptional Items 12
PAT 40 58 73 74 47 0 72
Minority Interest 0 0 2 2 1
Share Associate 1 1 2 2 0 0 3
Other Related Items
Consolidated Net Profit 41 59 75 77 49 2 76
Adjusted EPS 17 25 31 32 20 1 32

Cash Flow View Details

Particulars 6 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 148 155 131 184 184 148
Cash Fr. Inv. -69 -75 -135 -230 -242 -118
Cash Fr. Finan. -82 -75 9 38 70 -31
Net Change -2 5 5 -9 12 0
Cash & Cash Eqvt 5 0 6 -3 8 8

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 63.27 55.10 55.10 55.10 57.53 57.53 57.53 57.53 57.53
Public 36.73 44.90 44.90 44.90 42.47 42.47 42.47 42.47 42.47
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 13 May 2022
General updates
Wheels India Limited has informed the Exchange about Intimation of request received for reclassification of "Promoter/ Promoter Group" category
Tue, 12 Apr 2022
Disclosure under SEBI Takeover Regulations
Promoter/Promoter Group of Wheels India Limited has submitted a disclosure under Regulation 31(4) of SEBI Takeover Regulations for the year ended 31-Mar-2022
Mon, 11 Apr 2022
Disclosure under SEBI Takeover Regulations
Promoter/Promoter Group of Wheels India Limited has submitted a disclosure under Regulation 31(4) of SEBI Takeover Regulations for the year ended 31-Mar-2022

Technical Scans View Details

Thu, 19 May 2022
Opening at High Opening at High
Closing Below Previous Low Closing Below Previous Low
High Decrease 3 Months High Decrease 3 Months
High Increase 2 Years High Increase 2 Years
Closing Near 50 SMA Closing Near 50 SMA

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