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Wheels India Ltd share Price Today

Company details

688.00
729.70
548.00
855.00
6M Return 6.30%
1Y Return 21.94%
Mkt Cap.(Cr) 1,730.59
Volume 723,015
Div Yield 1.04%
OI
-
OI Chg %
-
Volume 723,015

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Auto Parts & Equipment company Wheels India announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • The company registered a 64.3% rise in its Net Profit for Q4FY24 at Rs 36.8 crore compared to Rs 22.4 crore registered in the corresponding quarter of the previous year. 
  • The company registered revenues of Rs 1,167 crore for Q4FY24 compared to Rs 1,172 crore in the Q4FY23

FY24 Financial Highlights:

  • The net profit for the FY24 was up 8.6% at Rs 67.9 crore as compared to Rs 62.5 crore registered in the previous year ended 31st March 2023.
  • Revenues for the FY24 increased 6.3% to Rs 4,619 crore compared to Rs 4,345 crore registered in the previous year ended 31st March 2023.
  • The Board of the Company has recommended a dividend of Rs 7.39 per share.

Commenting on the performance, Srivats Ram, MD, Wheels India, said, “Exports did well for us in FY24 registering a 24.5% growth. Earthmover wheels, aluminium wheels and hydraulic cylinders were the prime drivers of growth on the export front. The company’s air suspension business did well along with growth in the bus market”

On the newer segments for Wheels India, Srivats said “We have been able to profitably ramp up machining of windmill castings and will continue to grow this. Another area with a lot of promise for growth, both in the domestic and export markets, is hydraulic cylinders.”

On the Outlook, Srivats said, “We are cautiously optimistic about the prospects for FY25. New programmes with global customers are likely to begin in Q4 of this year.”

Result PDF

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Wheels India Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Increasing profits every quarter for the past 2 quarters

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • High Volume, High Gain

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 729.3
R2 750.4
R3 771.0
Pivot

708.67

S1 687.6
S2 667.0
S3 645.9
EMA SMA
602.8
601.2
620.1
639.4
591.6
589.9
625.4
672.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
F3 ADVISORS PRIVATE LIMITED Bulk Purchase 2024-01-09 720.6 134932 NSE
F3 ADVISORS PRIVATE LIMITED Bulk Sell 2024-01-09 718.59 129426 NSE
3P INDIA EQUITY FUND 1 Bulk Purchase 2023-05-19 551 100000 BSE
Name Category Shares
Bodies Corporate PROMOTER 58.32%
Trichur Sundaram Santhanam & Family Private Limited PROMOTER 29.86%
Sundaram Finance Holdings Limited PROMOTER 23.96%
India Motor Parts & Accessories Limited PROMOTER 4.5%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Wheels India Ltd Stocks COMPARISON

Financials( in Cr) Wheels India Ltd Bosch Ltd Samvardhana Motherson International Ltd Uno Minda Ltd Exide Industries Ltd
Price 708.30 30,935.45 133.30 757.75 466.95
% Change 0.36 0.17 1.29 -0.22 -1.61
Mcap Cr 1,730.59 91,241.02 90,329.69 43,502.05 39,690.75
Revenue TTM Cr 4,651.15 14,929.30 78,700.70 11,236.49 15,078.16
Net Profit TTM Cr 54.15 1,424.30 1,669.60 700.23 822.77
PE TTM 27.57 54.16 56.27 56.12 45.28
1 Year Return 21.94 64.29 66.83 41.54 131.05
ROCE 10.84 17.05 8.59 18.68 10.55
ROE 7.23 13.14 7.76 18.44 7.58
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 764.17 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,960.24 -29,509.50
LAST 3M 102,987.80 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,691.56 126,663.80
Wheels India Limited - Disclosure under SEBI Takeover Regulations

May 22, 2024 l NSE Announcement

Wheels India to conduct AGM

May 22, 2024 l BSE Announcement

Wheels India Limited - Copy of Newspaper Publication

May 21, 2024 l NSE Announcement

Date Action Type Ratio
Jul 12, 2023 Dividend 39.7
Feb 14, 2023 Dividend 30
Jul 05, 2022 Dividend 83

Wheels India Ltd Information

Stock PE (TTM)
27.57
Promoter Holding
58.31%
Book Value
343.6961
ROCE
10.84%
ROE
7.23%
Description
  • Wheels India Ltd, promoted by the TVS Group Company was started in early 60`s to manufacture automobile wheels. The Company is among the world`s largest manufacturers of steel, aluminum, and wire wheels. Since the establishment of the organization in 1960, it has consistently enhanced their engineering capabilities to build and deliver world-class products. It widened the portfolio through strategic diversification to offer bus and truck chassis, suspension products, hydraulic cylinders, custom-fabricated assemblies, and precision components for wind turbines. The Company manufactures wheels in technical and financial collaboration with Dunlop Holdings, UK, (35.91% equity stake). Now, it grew 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 15% of the turnover to North America, Europe, Asia Pacific and South Africa The company has it plant located at Rampur in Uttar Pradesh, at Chennai in Tamil Nadu, at Kancheepuram in Tamilnadu amd at Pune in Maharashtra. The company also has a technical-financial collaboration with Titan Europe The company is a QS 9000 certified. An in house process for manufacturing 3 piece earthmover wheels was developed during 2001-02, which are being supplied to Caterpillar`s European plants. During 2003-04, the company commenced supplies of Air Suspension Kits toOEM Customers. During 2004-2005, the company obtained the TS 16949:2002 quality certification. The companies capacity for production of Wheels expanded from 7064000 Nos to 7100000 Nos during 2005-2006 In 2006, the Company started production of Bawal Plant in Haryana. In 2007, it opened Sriperumbudur Plant in Tamil Nadu. In 2009, it opened Pantnagar Plant in Uttarkhand; in 2010, it opened renewable energy components plant in Irungattukottai, Tamil Nadu. In 2012, it opened fabrication plant at Namachivayapuram, in Tamil Nadu. In 2021-22, The TVS Family came to an arrangement to align the ownership and management within different family groups. As a part of TVS Family arrangement, the Hon`ble National Company Law Tribunal (NCLT), vide its order dated December 06, 2021 approved the amalgamation of M/s Southern Roadways Pvt. Ltd. (SRPL) with M/s. T. V. Sundram Iyengar & Sons Pvt. Ltd. (TVSS), promoters of the Company. Consequent to approval of the Composite Scheme of Amalgamation / Arrangement, the holding of 71,43,656 equity shares, representing 29.69% were transferred to / vested in M/s. Trichur Sundaram Santhanam & Family Private Limited (TSSFPL), effective February 04, 2022. Further, SRPL ceased to be a Promoter of the Company effective January 06, 2022 and TSSFPL became Promoter of the Company, effective February 04, 2022. The Company commissioned a state-of-the-art Cast Aluminium Wheel Plant at Thervoy Kandigai, in Tamil Nadu in 2022.

Registered Address

21 Patullos Road, , Chennai, Tamil Nadu, 600002

Tel : 91-44-26258511
Email : investorservices:wheelsindia.com
Website : http://www.wheelsindia.com
Registrar

Cameo Corporate Services Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 590073
NSE Code : WHEELS
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE715A01015

FAQ’s on Wheels India Ltd Shares

You can buy Wheels India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Wheels India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 03:56 PM the closing price of Wheels India Ltd was Rs.708.30.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 03:56 PM, the market cap of Wheels India Ltd stood at Rs. 1,730.59.

The latest PE ratio of Wheels India Ltd as of May 22, 2024 03:56 PM is 27.57

The latest PB ratio of Wheels India Ltd as of May 22, 2024 03:56 PM is 0.49

The 52-week high of Wheels India Ltd share price is Rs. 855.00 while the 52-week low is Rs. 548.00

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