Wheels India Limited manufactures and sells automotive and industrial components in India and internationally.
Adequate balance sheet unattractive dividend payer.
Share Price & News
How has Wheels India's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WHEELS has not had significant price volatility in the past 3 months.
7 Day Return
IN Auto Components
1 Year Return
IN Auto Components
Return vs Industry: WHEELS underperformed the Indian Auto Components industry which returned -0% over the past year.
Return vs Market: WHEELS underperformed the Indian Market which returned 2.5% over the past year.
Price Volatility Vs. Market
How volatile is Wheels India's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWheels India (NSE:WHEELS) Use Of Debt Could Be Considered Risky
3 weeks ago | Simply Wall StIs Wheels India Limited (NSE:WHEELS) A Smart Pick For Income Investors?
1 month ago | Simply Wall StSome Wheels India (NSE:WHEELS) Shareholders Are Down 40%
Is Wheels India undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: WHEELS (₹430.95) is trading above our estimate of fair value (₹32.89)
Significantly Below Fair Value: WHEELS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WHEELS is unprofitable, so we can't compare its PE Ratio to the IN Auto Components industry average.
PE vs Market: WHEELS is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WHEELS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WHEELS is overvalued based on its PB Ratio (1.6x) compared to the IN Auto Components industry average (1.1x).
How is Wheels India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Automobiles industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wheels India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Wheels India's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Wheels India competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Automobiles industry.
How has Wheels India performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WHEELS is currently unprofitable.
Growing Profit Margin: WHEELS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WHEELS is unprofitable, but has reduced losses over the past 5 years at a rate of 6.8% per year.
Accelerating Growth: Unable to compare WHEELS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WHEELS is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-44.1%).
Return on Equity
High ROE: WHEELS has a negative Return on Equity (-1.29%), as it is currently unprofitable.
How is Wheels India's financial position?
Financial Position Analysis
Short Term Liabilities: WHEELS's short term assets (₹9.8B) exceed its short term liabilities (₹9.6B).
Long Term Liabilities: WHEELS's short term assets (₹9.8B) exceed its long term liabilities (₹3.4B).
Debt to Equity History and Analysis
Debt Level: WHEELS's debt to equity ratio (93.5%) is considered high.
Reducing Debt: WHEELS's debt to equity ratio has reduced from 102.1% to 93.5% over the past 5 years.
Debt Coverage: WHEELS's debt is well covered by operating cash flow (28.7%).
Interest Coverage: WHEELS is unprofitable, therefore interest payments are not well covered by earnings.
What is Wheels India current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WHEELS's dividend (1.31%) is higher than the bottom 25% of dividend payers in the Indian market (0.63%).
High Dividend: WHEELS's dividend (1.31%) is low compared to the top 25% of dividend payers in the Indian market (2.63%).
Stability and Growth of Payments
Stable Dividend: WHEELS's dividend payments have been volatile in the past 10 years.
Growing Dividend: WHEELS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: WHEELS is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Srivats Ram (50 yo)
Mr. Srivats Ram has been Managing Director of Wheels India Limited since May 1, 2013. Mr. Ram has over 3 decades of work experience in Vehicle and Component Industry. He has been a Director of Sundaram Fin ...
CEO Compensation Analysis
Compensation vs Market: Srivats's total compensation ($USD288.53K) is above average for companies of similar size in the Indian market ($USD49.19K).
Compensation vs Earnings: Srivats's compensation has been consistent with company performance over the past year.
|MD & Executive Director||7.25yrs||₹21.65m||0.22% |
|Chief Financial Officer||3.33yrs||₹5.77m||no data|
|Compliance Officer & Company Secretary||2.75yrs||₹1.54m||no data|
|Senior Vice President of Operations||no data||no data||no data|
Experienced Management: WHEELS's management team is considered experienced (3.3 years average tenure).
|MD & Executive Director||7.25yrs||₹21.65m||0.22% |
|Non-Executive & Non-Independent Director||34.08yrs||₹275.00k||no data|
|Independent Non-Executive Director||16.42yrs||₹320.00k||0.013% |
|Non-Executive Chairman||10.25yrs||₹4.49m||no data|
|Independent Non-Executive Director||9.33yrs||₹195.00k||no data|
|Additional Independent Director||0.75yr||₹30.00k||no data|
|Non-Executive Independent Director||1.33yrs||₹120.00k||no data|
|Non-Executive Independent Director||1.75yrs||₹245.00k||no data|
Experienced Board: WHEELS's board of directors are considered experienced (9.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wheels India Limited's company bio, employee growth, exchange listings and data sources
- Name: Wheels India Limited
- Ticker: WHEELS
- Exchange: NSEI
- Founded: 1960
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: ₹10.371b
- Shares outstanding: 24.06m
- Website: https://www.wheelsindia.com
Number of Employees
- Wheels India Limited
- Tamil Nadu
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WHEELS||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Apr 2000|
|590073||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Apr 2000|
Wheels India Limited manufactures and sells automotive and industrial components in India and internationally. The company offers steel wheels for use in heavy and light vehicles, as well as for agricultur ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/09 12:49|
|End of Day Share Price||2020/08/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.