Wheels India Ltd
Wheels India Ltd (WHEELS) last reported results for the quarter ended Jun 2026, with sales of ₹1,491 crore and net profit of ₹39 crore. The stock last traded at ₹2,233, a market capitalisation of ₹5,998 crore, on a P/E of 36.7. Over the past 52 weeks the stock has ranged between ₹705 and ₹2,500. Figures are as of 6 Oct 2026 and are not real time.
Wheels India Ltd share price and key metrics
- Current price
- ₹2,233
- Market cap
- ₹5,998 cr
- Stock P/E
- 36.7
- Book value
- ₹426
- ROE
- 15.8%
- ROCE
- 18.8%
- Dividend yield
- 0.65%
- 52w high / low
- 2500/705
Metrics as of 6 Oct 2026. Not real time.
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Wheels India Ltd growth and returns
- 10 Years
- 11%
- 5 Years
- 18%
- 3 Years
- 6%
- TTM
- 17%
- 10 Years
- 14%
- 5 Years
- 143%
- 3 Years
- 41%
- TTM
- 40%
- 10 Years
- 13%
- 5 Years
- 23%
- 3 Years
- 41%
- 1 Year
- 154%
- 10 Years
- 10%
- 5 Years
- 11%
- 3 Years
- 12%
- Last Year
- 16%
Wheels India Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1,491 cr, up 17.8% from ₹1,266 cr a year earlier. Net profit was ₹39 cr, up 25.8% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,176 | 1,125 | 1,277 | 1,266 | 1,264 | 1,371 | 1,564 | 1,491 |
| Expenses | 1,093 | 1,040 | 1,174 | 1,172 | 1,171 | 1,271 | 1,438 | 1,379 |
| Operating profit | 83 | 85 | 103 | 94 | 93 | 100 | 126 | 112 |
| OPM % | 7% | 8% | 8% | 7% | 7% | 7% | 8% | 8% |
| Other income | 2 | 3 | 3 | 4 | 7 | 8 | 12 | 4 |
| Interest | 31 | 31 | 30 | 31 | 30 | 30 | 29 | 29 |
| Depreciation | 23 | 24 | 24 | 26 | 27 | 29 | 32 | 33 |
| Profit before tax | 32 | 33 | 52 | 41 | 42 | 49 | 77 | 55 |
| Tax % | 25% | 24% | 25% | 25% | 25% | 24% | 24% | 29% |
| Net profit | 24 | 25 | 39 | 31 | 32 | 37 | 59 | 39 |
| EPS (₹) | 9.82 | 10.25 | 15.65 | 12.23 | 12.68 | 14.76 | 23.78 | 15.68 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Wheels India Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,173 | 2,563 | 3,441 | 2,672 | 2,413 | 3,966 | 4,640 | 4,977 | 4,744 | 5,465 | 5,690 |
| Operating profit | 186 | 199 | 245 | 172 | 143 | 255 | 221 | 266 | 352 | 413 | 431 |
| OPM % | 9% | 8% | 7% | 6% | 6% | 6% | 4.8% | 5% | 7% | 8% | 8% |
| Net profit | 59 | 75 | 76 | 47 | 0 | 74 | 51 | 59 | 112 | 158 | 166 |
| EPS (₹) | 24.58 | 31.15 | 31.79 | 20.39 | 0.76 | 31.78 | 23.00 | 25.69 | 45.39 | 63.44 | 66.90 |
TTM is the trailing twelve months to the most recent quarter.
Wheels India Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 457 | 575 | 616 | 640 | 637 | 710 | 731 | 815 | 898 | 1,017 |
| Borrowings | 369 | 359 | 495 | 650 | 698 | 876 | 819 | 778 | 737 | 768 |
| Other liabilities | 532 | 718 | 880 | 674 | 1,118 | 1,364 | 1,474 | 1,487 | 1,531 | 1,705 |
| Total liabilities | 1,369 | 1,663 | 2,015 | 1,987 | 2,476 | 2,974 | 3,048 | 3,104 | 3,189 | 3,514 |
| Fixed assets | 526 | 557 | 710 | 753 | 883 | 903 | 1,060 | 1,149 | 1,295 | 1,506 |
| CWIP | 22 | 65 | 65 | 198 | 114 | 126 | 114 | 77 | 50 | 69 |
| Investments | 19 | 21 | 23 | 23 | 23 | 24 | 22 | 32 | 46 | 78 |
| Other assets | 802 | 1,019 | 1,216 | 1,013 | 1,456 | 1,921 | 1,851 | 1,845 | 1,797 | 1,861 |
| Total assets | 1,369 | 1,663 | 2,015 | 1,987 | 2,476 | 2,974 | 3,048 | 3,104 | 3,189 | 3,514 |
As reported by the company. Total assets equal total liabilities by construction.
Wheels India Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 155 | 131 | 184 | 184 | 148 | 28 | 370 | 329 | 400 | 477 |
| Cash from investing | -75 | -135 | -230 | -242 | -118 | -120 | -152 | -150 | -213 | -292 |
| Cash from financing | -75 | 9 | 38 | 70 | -31 | 84 | -216 | -146 | -188 | -175 |
| Net cash flow | 5 | 5 | -9 | 12 | -0 | -9 | 3 | 34 | -0 | 11 |
| Free cash flow | 78 | -64 | -50 | -60 | 29 | -94 | 217 | 179 | 192 | 203 |
| CFO / operating profit | 94% | 81% | 84% | 114% | 96% | 22% | 173% | 134% | 117% | 124% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Wheels India Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 15% | 15% | 16% | 8% | 4% | 11% | 11% | 12% | 16% | 19% |
| Debtor days | 73 | 69 | 62 | 65 | 112 | 82 | 60 | 53 | 62 | 55 |
| Inventory days | 71 | 78 | 66 | 81 | 119 | 101 | 95 | 89 | 85 | 73 |
| Days payable | 108 | 103 | 97 | 99 | 195 | 136 | 124 | 121 | 135 | 131 |
| Cash conversion cycle | 37 | 44 | 31 | 46 | 36 | 46 | 31 | 21 | 12 | -3 |
| Working capital days | 10 | 17 | 9 | 2 | 5 | -3 | -13 | -8 | -11 | -18 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Wheels India Ltd shareholding pattern
Promoters held 56.86% at Sep 2026, down from 58.31% at Sep 2025. FIIs 2.45% and DIIs 8.88%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 58.31% | 56.86% |
| FIIs | 0.34% | 0.38% | 0.57% | 1.08% | 1.18% | 1.15% | 1.98% | 2.45% |
| DIIs | 11.68% | 11.68% | 11.64% | 10.68% | 9.81% | 9.64% | 6.39% | 8.88% |
| Public | 29.67% | 29.63% | 29.48% | 29.93% | 30.70% | 30.91% | 33.32% | 31.81% |
| No. of shareholders | 23,193 | 23,657 | 22,873 | 22,558 | 22,678 | 22,677 | 29,271 | 30,135 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Wheels India Ltd corporate filings
- Wheels India Limited successfully concludes Qualified Institutions Placement (QIP) raising INR 250 croreBoard Meetinghigh impact
Cruxal's analysis: Wheels India Limited has successfully completed a Qualified Institutions Placement (QIP)…
Read the full analysis - Wheels India Limited successfully concludes Qualified Institutions Placement (QIP) raising approximately 250 croreBoard Meetinghigh impact
Cruxal's analysis: Wheels India Limited has successfully closed its Qualified Institutions Placement (QIP)…
Read the full analysis - Wheels India Limited initiates Qualified Institutional Placement (QIP) with floor price set at INR 2,197.10 per shareBoard Meetinghigh impact
Cruxal's analysis: Wheels India Limited has officially opened its Qualified Institutional Placement (QIP) to…
Read the full analysis - TSF Investments Increases Stake in Wheels India Limited via Preferential AllotmentInsider Trading / SASTmedium impact
Cruxal's analysis: TSF Investments Limited has increased its promoter stake in Wheels India Limited by…
Read the full analysis - Wheels India Limited completes preferential allotment of 12.32 lakh equity shares raising 179.99 crore INRBoard Meetingmedium impact
Cruxal's analysis: Wheels India Limited has successfully concluded a preferential allotment of 12,32,031…
Read the full analysis - Wheels India Limited shareholders approve preferential equity issuance and enhanced fund-raising limitsAGM/EGMmedium impact
Cruxal's analysis: Wheels India Limited has successfully secured shareholder approval at its Extraordinary…
Read the full analysis - Wheels India Limited Concludes EGM Approving Preferential Equity Issuance and Enhanced Fund-Raising LimitsAGM/EGMmedium impact
Cruxal's analysis: Wheels India Limited has successfully concluded its Extraordinary General Meeting (EGM)…
Read the full analysis - Wheels India Ltd schedules investor and analyst conference calls for September 7-9, 2026Company Updatelow impact
Cruxal's analysis: Wheels India Ltd has announced a series of conference calls with fund managers, analysts…
Read the full analysis - Wheels India Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Wheels India Ltd has issued a formal intimation regarding an upcoming meeting with…
Read the full analysis - Wheels India Limited issues corrigendum to Extraordinary General Meeting noticeCompany Updatelow impact
Cruxal's analysis: Wheels India Limited has published a newspaper advertisement regarding a corrigendum to…
Read the full analysis - Wheels India Limited revises preferential issue price to INR 1,461 per share following NSE observationsCompany Updatemedium impact
Cruxal's analysis: Wheels India Limited has issued a corrigendum to its EGM notice, revising the…
Read the full analysis - Wheels India Limited revises preferential issue price to INR 1,461 per share following NSE observationsBoard Meetingmedium impact
Cruxal's analysis: Wheels India Limited has revised the issue price for its proposed preferential allotment…
Read the full analysis - Wheels India Limited Announces Extraordinary General Meeting (EGM) Scheduled for September 17, 2026Company Updatelow impact
Cruxal's analysis: Wheels India Limited has issued a formal notice for an Extraordinary General Meeting…
Read the full analysis - Wheels India Limited announces preferential issue of 12.69 lakh equity shares to promoters and relatives to raise INR 180 crore for debt reductionAGM/EGMmedium impact
Cruxal's analysis: Wheels India Limited has announced a preferential issue of 12,69,391 equity shares at an…
Read the full analysis - Wheels India Limited Announces 180 crore Preferential Issue and Increases Fund Raising Limit to 450 croreBoard Meetinghigh impact
Cruxal's analysis: Wheels India Limited has approved a preferential issue of 12 lakh 69 thousand 391 equity…
Read the full analysis - Wheels India Limited announces board meeting to consider preferential equity allotment for fundraisingBoard Meetingmedium impact
Cruxal's analysis: Wheels India Limited has scheduled a Board of Directors meeting for August 19, 2026, to…
Read the full analysis - Wheels India Limited shareholders approve enabling resolution for fund raising via QIP, ECB, or convertible securitiesAGM/EGMmedium impact
Cruxal's analysis: Wheels India Limited has received shareholder approval via postal ballot to raise funds…
Read the full analysis - Wheels India Limited: Promoter Group Executes Inter-se Transfer of 1.05% StakeInsider Trading / SASTlow impact
Cruxal's analysis: Wheels India Limited has reported an inter-se transfer of 2 lakh 56 thousand 547 equity…
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