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Wheels India Limited (WHEELS)

Small Cap

Auto stocks · Small cap · NSE

Wheels India Limited operates in Auto Components, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹2,196
-243.40 · -9.98%
Market cap ₹5,927 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 12:17 pm IST
Details
Quote21 Oct, 12:17 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result28 Jul, 06:22 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens

Trend score and candlestick chart

64Bullish

full bull SMA stack · SMA20 +25.0% / mo · MACD − · near 52W high · sector -2.6pp vs Nifty 500 (3M)

Stock trend: 79
Sector RS: 42
Sector 3M: -8.5% vs Nifty 500 -5.9%
Auto FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

WHEELSD candles · FIT view+106.3%TODAY · PROVISIONAL
Latest price ₹2196.00 on 2026-10-21

Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.

Bar
-10.4%
RSI
50
MACD hist
-18.02
52W pos
82%
Visible chart range
Candle interval
2026-10-21O ₹2450.10H ₹2467.70L ₹2195.50C ₹2196.00Vol 1.4L shIntraday candle
₹900.16₹1.32k₹1.75k₹2.17k₹2.59k52H₹2196.002026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

WHEELSNifty AutoNifty 500
-17%+14%+45%+76%20 Jul1 Sept19 Oct19 Oct 2026WHEELS +66.9%Nifty Auto -5.4%Nifty 500 -5.6%
WHEELS
+66.9%
Nifty 500
-5.6%
Nifty Auto
-5.4%
Vs Nifty 500
+72.5 pp
Chart stats
19 Oct 2026
From 52W high
-3.0%
₹2,515.8
52W range position
96%
₹705.9 - ₹2,515.8
ATR (14)
5.2%
₹126.9
Volume vs 20D
0.85x
Latest completed session
Avg traded value
₹42.6 Cr
20-session average
20D price channel
₹2,104.1 - ₹2,515.8
43.8% annualized volatility
Research snapshot

What the evidence says now

Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE
52

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Excellent
80

Revenue +17.8% · PAT +25.8% YoY

Technical
Bullish
64

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+14.8%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
79

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Excellent · 80/100

Rev +18% YoY · PAT +26% YoY · margin expansion · operating leverage

Filed 28 Jul 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹1,491 Cr+17.8%-4.7%
EBITDA₹112 Cr+19.1%-11.1%
Operating margin8.0%+100 bps+0 bps
PAT₹39 Cr+25.8%-33.9%
PAT margin2.6%+17 bps-115 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
36.30
P/B
5.18
EV/EBITDA
12.11
Market Cap
5927.00Cr

Profitability

ROE
15.80%
ROCE
18.80%
ROA
4.72%
Dividend Y
0.65%

Growth (CAGR)

Revenue 5Y
18.00%
EPS 5Y
143.00%
Revenue 3Y
6.00%
EPS 3Y
41.00%

Balance Sheet

Debt/Equity
0.74
Interest Coverage
3.65×
Altman Z
3.97
Book Value
426.00

Cash Flow

FCF Yield
3.12%
FCF Positive Y
7/5
OCF
477.00 Cr
EPS TTM
66.90

Shareholding

Promoter Hold
56.86%
Promoter Pledge
0.00%
Momentum 52W
84%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 5,690+4.1% vs prev
05690Mar 2017: 2,563Mar 2018: 3,441Mar 2019: 2,672Mar 2020: 2,413Mar 2021: 3,966Mar 2022: 4,640Mar 2023: 4,977Mar 2024: 4,744Mar 2025: 5,465Mar 2026: 5,690FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 158+41.1% vs prev
0158.0Mar 2017: 59.0Mar 2018: 75.0Mar 2019: 76.0Mar 2020: 47.0Mar 2021: 0.0Mar 2022: 74.0Mar 2023: 51.0Mar 2024: 59.0Mar 2025: 112Mar 2026: 158FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 15.2+24.9% vs prev
015.2Mar 2017: 12.6%Mar 2018: 12.8%Mar 2019: 11.9%Mar 2020: 7.1%Mar 2021: 0.0%Mar 2022: 10.1%Mar 2023: 6.8%Mar 2024: 7.0%Mar 2025: 12.2%Mar 2026: 15.2%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term uptrend intact. RSI 50. Wait for confirmation.

  • Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
  • SMA20 rising (~18.6% over last month) — short-term momentum positive.
  • RSI(14) at 50 — falling, no extreme reading.
  • MACD below signal, histogram expanding negatively — bearish momentum building.
  • 13% off 52W high · 211% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

98
RS percentile
Stage 2 UptrendEstablished S2
1M return
+12.1%
3M return
+66.9%
6M return
+126.5%
1Y return
+163.0%
RS 1D
0
RS 20D
+2
Sector rank
#3
Industry rank
#30
Stage evidence
  • Price is 57.4% above the 30-week proxy.
  • The 50-DMA is above the 30-week proxy and its slope is rising +13.4%.
  • Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
19 Mar 2026
S2 age
151 trading sessions
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 279.62+0.49%
69124179234290Sept 25Feb 26Jun 26Oct 26280
RS vs Nifty 500280

Valuation & peers

U-Score 52 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

52U-SCORE
Financial Turnaround

Fundamental score breakdown

U band · FAIR VALUE
Valuation4/30
Growth18/25
Quality13/20
Balance Sheet6/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
52

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

52/100 · legacy band FAIR VALUE

Positive drivers

  • FCF yield is supportive at 3.1%.
  • Piotroski is strong at 8/9.
  • Fair-value margin of safety is positive at 14.8%.

Main drags

  • Valuation is weaker at 4/30; verify the latest quarterly trend.
  • Balance sheet is weaker at 6/15; verify the latest quarterly trend.
  • Cash flow is weaker at 6/10; verify the latest quarterly trend.
Sector valuation model

Consumer valuation: PE/PEG and brand-quality premium

Consumer franchises can deserve higher multiples, but only when growth quality supports them.

Consumer PE/PEG
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
36.3
PB
5.2
EV/EBITDA
12.1
ROE
15.8%
ROCE
18.8%
FCF Yield
3.1%
Debt/Equity
0.7
MoS
+14.8%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
52
Previous: 50 (+2)
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+14.8%
Previous: +5.4%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
52
52
52
52
52
50
50
50
50
50
50
50

Factor attribution

Valuation
4+2
was 2

Modelled fair value

Graham Number
₹800.77
-174.2% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹2,579
+14.8% MoS
PEG
0.36

Comparable companies

Peers

Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SSWL
Small
Steel Strips Wheels Limited
Auto Components
match 170
38
30.4
11.0%
+21%
WATCHLIST
SHARDAMOTR
Small
Sharda Motor Industries Limited
Auto Components
match 169
71
15.7
25.2%
+61%
UNDERVALUED
VSTTILLERS
Small
V.S.T Tillers Tractors Limited
Auto Components
match 167
31
33.6
10.0%
-70%
OVERVALUED
MMFL
Small
MM Forgings Limited
Auto Components
match 166
46
23.7
10.5%
+62%
FAIR VALUE
JAMNAAUTO
Micro
Jamna Auto Industries Limited
Auto Components
match 165
62
24.1
22.3%
+38%
UNDERVALUED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Wheels India Limited operates in Auto Components, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
79Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 88th percentile of the scored universe and 76th percentile within Auto. No major sub-score weakness stands out.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
19 docs text-extracted · 8 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
88th percentile

overall median 67 · Auto: 76th pctile, median 74 · Small: 90th pctile, median 66

Evidence depth
Financial-only

19 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
95
strong · quarterly consistency

Trust positives

  • ▸Promoter holding is 58.3%.
  • ▸Promoter pledge is zero.
  • ▸FCF yield is positive at 4.4%.
  • ▸7 years of positive FCF.

Trust risks

  • ▸No major Trust Lite risk flags.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

4 shown
Investor presentationSep 2026

Sep 2026 · Presentation - Conference Call with the Fund Managers, Analysts and Investors from September 7, 2026 to September 9, 2026 7 Sep - Investor presentation and conference calls with fund managers, analysts and investors from September 7-9, 2026.

Source: Bse

Open source ↗
Investor presentationJul 2026

Jul 2026 · PPT

Source: Company Ir

Open source ↗
Investor presentationMay 2026

May 2026 · PPT

Source: Company Ir

Open source ↗
Concall transcript

Conference Call with the Fund Managers, Analysts and Investors - Transcript 21 May - Wheels India Ltd has informed BSE regarding "Conference Call with the Fund Managers, Analysts and Investors - Transcript".

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.