Inve India ▾

Wheels India share price & results

Wheels India Limited· Automobile and Auto Components· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Chennai maker of automotive & industrial wheels, air suspension, hydraulic cylinders and wind-turbine parts.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,380 ₹ crore+16.7% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin7.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit37.0 ₹ crore+42.3% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity16.71 %+3.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin3.70 %−0.4 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)17.46 %+19.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

6 of 8 judged targets kept · 6 open · verdicts reflect calls analysed to Q4 FY26.

Wheels India Limited management guidance track record on Inve: 14 targets tracked across analysed earnings calls (6 achieved, 2 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
Overall Top-line Growthhealthy single-digit growth for the coming year
Call transcript, Q4 FY25 · 20 May 2025		Q4 FY25Q4 FY26:Full year FY26 sales grew 16% to ₹5,124 crores, significantly exceeding the revised guidance of 8-10%.
Call transcript, Q4 FY26 · 15 May 2026		Achieved
SHPAC Alliance Revenue$15 million worth of business within 24 months
Call transcript, Q2 FY26 · 31 Oct 2025		Q2 FY26Q4 FY26:No specific update was provided on the revenue generated from the SHPAC alliance. The 24-month timeline is still active.
Call transcript, Q4 FY26 · 15 May 2026		Ghosted
Cast Aluminum Wheels CapacityRamp up from December onwards
Call transcript, Q4 FY25 · 20 May 2025		Q4 FY25Q4 FY26:Capacity is currently 42,000/month. The increase to 60,000/month, targeted for Q4 FY26, is now expected 'in a few months'. The 80,000/month target is now expected 'by half year'.
Call transcript, Q4 FY26 · 15 May 2026		Delayed

Source: Inve Guidance Tracker for Wheels India Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Wheels India Limited's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹2,205.7 +2.22% · +₹47.9

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +132.8% 1Y

₹1.0k₹1.5k₹2.0k₹2.5kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 31 Oct 2025Q4 FY26 — 15 May 2026

1Y: ₹947.45 on 24 Oct 2025 → ₹2,205.7. High ₹2,452.7 (16 Oct 2026), low ₹714.05 (27 Jan 2026).

Previous close
₹2,157.8
Market cap
₹5.9k Cr
52-week range
₹714.05 – ₹2,452.7
One year
+135.39%
Price to earnings (TTM to Jun 2026)
36.12×
Return on equity (TTM to Jun 2026)
16.71%

Overview

Symbol
NSE:WHEELS
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Wheels India Limited does

Based on the company's own presentations, annual report and earnings calls.

Wheels India Limited manufactures wheels and allied components across two reported segments — automotive (steel and aluminium wheels for passenger cars, commercial vehicles and tractors) and industrial (construction-equipment wheels, fabricated structures, hydraulic cylinders, air suspension/lift axles, and machined components for wind turbines). It runs 10 manufacturing units spread across Tamil Nadu, Maharashtra and Uttar Pradesh, supplying OEMs directly and exporting to North America, Europe and Asia Pacific. Its subsidiary WIL Car Wheels Ltd is a joint venture with Japan's TOPY Industries making steel wheels for passenger and light-commercial vehicles. Part of the TSF Group (T S Santhanam family, lineage from the erstwhile TVS Group), the company was established in 1960 at Padi, Chennai.

Segments

  • Automotive components
  • Industrial components
Manufacturing plants
10
Workforce
~8,400
Plant footprint (states)
Tamil Nadu, Maharashtra, Uttar Pradesh
Product categories manufactured
7 — car/UV & CV steel wheels, forged & cast aluminium wheels, tractor/earthmover wheels, air suspension & lift axles, fabrication & hydraulic cylinders, wind-turbine components
Key OEM customers
Maruti Suzuki, TAFE, Escorts Kubota, VE Commercial Vehicles, Caterpillar, Komatsu, John Deere
Subsidiary / JV
WIL Car Wheels Ltd — joint venture with TOPY Industries (Japan), manufactures passenger/light-vehicle wheels
Founded 1960Headquarters Chennai, Tamil Nadu, IndiaEmployees 8,400 (Q4 FY26 (Mar 2026)) Company website

How the price took the results

close before → close after

Q4 FY26
+10.3%
15 May
Q2 FY26
−3.9%
31 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for Wheels India Limited

Free account: one company. Everything above stays public.

Write why you follow Wheels India Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Automobile and Auto Components companies

All Automobile and Auto Components companies → · Automobile and Auto Components earnings growth →

Learn to analyse Wheels India Limited

Guides on how to read this kind of business and the numbers that matter.