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Wheels India Ltd share Price

Company details

6M Return 3.71%
1Y Return 4.68%
Mkt Cap.(Cr) 1,503.70
Volume 19,205
Div Yield 0.64%
OI Chg %
Volume 19,205

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Wheels India Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Wheels India Ltd.

Auto Parts & Equipment firm Wheels India announced Q4FY23 & FY23 results:

  • Net profit of Rs 24.8 crore for the Q4FY23 as compared to Rs 27.9 crore registered in the corresponding Q4FY22
  • Revenues for Q4FY23 went up 6% to Rs 1,169.2 crore as compared to Rs 1,101.3 crore registered in the Q4FY22.
  • The Board of Wheels India has recommended a final dividend of Rs 3.97 per share. The company had in January 2023 declared an interim dividend of Rs 3 per share for FY23.
  • Net profit of Rs 65.2 crore for FY23 as compared to Rs 79.8 crore registered in the same period the previous year.
  • Revenues for FY23 went up 18% to Rs 4,332.1 crore as compared to Rs 3,686.7 crore in FY22.

Commenting on the performance, Srivats Ram, MD, Wheels India said, “We registered significant growth in Air Suspension Division during FY 2023. The CV and Earth Mover Wheel business also did well in FY23. Machining of large castings which was commissioned in September 2022 was ramped-up towards the end of FY 2023.”

On the outlook, Srivats said, “Despite the uncertain global environment, exports are showing positive signs. We are confident that strong relationship with customers will ensure export growth this year.”

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Wheels India Ltd Stocks COMPARISION


Equity Capital: 733.69 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 7,434.08 30,851.81
LAST 3M 18,139.88 59,059.53
LAST 6M 65,342.23 45,150.76
LAST 12M 117,520.45 98,037.67

Wheels India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Wheels India, promoted by the TVS Group was started in the early 60`s to manufacture automobile wheels. Wheels India manufactures wheels in technical and financial collaboration with Dunlop Holdings, UK, (35.91% equity stake). Now, 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 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

Registered Address

21 Patullos Road, , Chennai, Tamil Nadu, 600002

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

Cameo Corporate Services Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 590073
Book Closure Date (Month) : Jul/Aug
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 Jun 09, 2023 03:54 PM the closing price of Wheels India Ltd was ₹ 624.85.

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 Jun 09, 2023 03:54 PM, the market cap of Wheels India Ltd stood at ₹ 1,503.70.

The latest PE ratio of Wheels India Ltd as of Jun 09, 2023 03:54 PM is 25.86

The latest PB ratio of Wheels India Ltd as of Jun 09, 2023 03:54 PM is 0.51

The 52-week high of Wheels India Ltd is ₹ 756.65 while the 52-week low is ₹ 432.30

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