Wheels India Limited

NSEI:WHEELS Stock Report

Market Cap: ₹17.0b

Wheels India Balance Sheet Health

Financial Health criteria checks 2/6

Wheels India has a total shareholder equity of ₹8.8B and total debt of ₹7.3B, which brings its debt-to-equity ratio to 83.4%. Its total assets and total liabilities are ₹30.4B and ₹21.6B respectively. Wheels India's EBIT is ₹2.3B making its interest coverage ratio 2. It has cash and short-term investments of ₹179.0M.

Key information

83.4%

Debt to equity ratio

₹7.33b

Debt

Interest coverage ratio2x
Cash₹179.00m
Equity₹8.79b
Total liabilities₹21.62b
Total assets₹30.41b

Recent financial health updates

Is Wheels India (NSE:WHEELS) Using Too Much Debt?

Feb 15
Is Wheels India (NSE:WHEELS) Using Too Much Debt?

Is Wheels India (NSE:WHEELS) A Risky Investment?

Jul 13
Is Wheels India (NSE:WHEELS) A Risky Investment?

Is Wheels India (NSE:WHEELS) A Risky Investment?

Jan 19
Is Wheels India (NSE:WHEELS) A Risky Investment?

Recent updates

We Think Some Shareholders May Hesitate To Increase Wheels India Limited's (NSE:WHEELS) CEO Compensation

Jul 12
We Think Some Shareholders May Hesitate To Increase Wheels India Limited's (NSE:WHEELS) CEO Compensation

Wheels India Limited (NSE:WHEELS) Stock Rockets 26% But Many Are Still Ignoring The Company

May 26
Wheels India Limited (NSE:WHEELS) Stock Rockets 26% But Many Are Still Ignoring The Company

Wheels India's (NSE:WHEELS) Dividend Is Being Reduced To ₹3.97

Jun 29
Wheels India's (NSE:WHEELS) Dividend Is Being Reduced To ₹3.97

Wheels India's (NSE:WHEELS) Dividend Will Be Reduced To ₹3.97

May 21
Wheels India's (NSE:WHEELS) Dividend Will Be Reduced To ₹3.97

Is Wheels India (NSE:WHEELS) Using Too Much Debt?

Feb 15
Is Wheels India (NSE:WHEELS) Using Too Much Debt?

Capital Allocation Trends At Wheels India (NSE:WHEELS) Aren't Ideal

Oct 22
Capital Allocation Trends At Wheels India (NSE:WHEELS) Aren't Ideal

It's Unlikely That Shareholders Will Increase Wheels India Limited's (NSE:WHEELS) Compensation By Much This Year

Jul 28
It's Unlikely That Shareholders Will Increase Wheels India Limited's (NSE:WHEELS) Compensation By Much This Year

Is Wheels India (NSE:WHEELS) A Risky Investment?

Jul 13
Is Wheels India (NSE:WHEELS) A Risky Investment?

Some Investors May Be Worried About Wheels India's (NSE:WHEELS) Returns On Capital

May 18
Some Investors May Be Worried About Wheels India's (NSE:WHEELS) Returns On Capital

A Look At Wheels India's (NSE:WHEELS) Share Price Returns

Mar 19
A Look At Wheels India's (NSE:WHEELS) Share Price Returns

Investors In Wheels India Limited (NSE:WHEELS) Should Consider This, First

Feb 16
Investors In Wheels India Limited (NSE:WHEELS) Should Consider This, First

Is Wheels India (NSE:WHEELS) A Risky Investment?

Jan 19
Is Wheels India (NSE:WHEELS) A Risky Investment?

Our Take On The Returns On Capital At Wheels India (NSE:WHEELS)

Dec 21
Our Take On The Returns On Capital At Wheels India (NSE:WHEELS)

If You Had Bought Wheels India's (NSE:WHEELS) Shares Three Years Ago You Would Be Down 50%

Nov 23
If You Had Bought Wheels India's (NSE:WHEELS) Shares Three Years Ago You Would Be Down 50%

Financial Position Analysis

Short Term Liabilities: WHEELS's short term assets (₹16.4B) do not cover its short term liabilities (₹17.8B).

Long Term Liabilities: WHEELS's short term assets (₹16.4B) exceed its long term liabilities (₹3.8B).

Debt to Equity History and Analysis

Debt Level: WHEELS's net debt to equity ratio (81.4%) is considered high.

Reducing Debt: WHEELS's debt to equity ratio has increased from 71.1% to 83.4% over the past 5 years.

Debt Coverage: WHEELS's debt is well covered by operating cash flow (47.8%).

Interest Coverage: WHEELS's interest payments on its debt are not well covered by EBIT (2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 20:37
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Wheels India Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kameswari V. S. ChavaliFirstCall Research
Vijay MadunalaFirstCall Research