Wheels India Ltd

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NSEBSE

635.8511.90 (1.91%)

03:46 PM,1st Mar 2024

636.6517.20 (2.78%)

04:01 PM,1st Mar 2024

BSE : 590073

NSE : WHEELS

Sector : Auto

ISIN Code : INE715A01015

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1529

Turnover (₹ Cr)

0.46

Volume (Shares)

71634

Face Value

10

52-WK High

855.00

52-WK High Date

12 Sep 2023

52-WK Low

432.30

52-WK Low Date

29 Mar 2023

All Time High

1347.00

All Time High Date

20 Jun 2018

All Time Low

27.55

All Time Low Date

21 Jan 2002

Wheels India Ltd

Wheels India Ltd promoted by the TVS Group Company was started in early 60's to manufacture automobile wheels. The Company is among the world's largest manufacturers of steel aluminum and wire wheels. Since the establishment of the organization in 1960 it has consistently enhanced their engineering capabilities to build and deliver world-class products. It widened the portfolio through strategic diversification to offer bus and truck chassis suspension products hydraulic cylinders custom-fabricated assemblies and precision components for wind turbines.The Company manufactures wheels in technical and financial collaboration with Dunlop Holdings UK (35.91% equity stake). Now it grew 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 AfricaThe 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 EuropeThe 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 2005-2006In 2006 the Company started production of Bawal Plant in Haryana. In 2007 it opened Sriperumbudur Plant in Tamil Nadu. In 2009 it opened Pantnagar Plant in Uttarkhand; in 2010 it opened renewable energy components plant in Irungattukottai Tamil Nadu. In 2012 it opened fabrication plant at Namachivayapuram in Tamil Nadu. In 2021-22 The TVS Family came to an arrangement to align the ownership and management within different family groups. As a part of TVS Family arrangement the Hon'ble National Company Law Tribunal (NCLT) vide its order dated December 06 2021 approved the amalgamation of M/s Southern Roadways Pvt. Ltd. (SRPL) with M/s. T. V. Sundram Iyengar & Sons Pvt. Ltd. (TVSS) promoters of the Company. Consequent to approval of the Composite Scheme of Amalgamation / Arrangement the holding of 7143656 equity shares representing 29.69% were transferred to / vested in M/s. Trichur Sundaram Santhanam & Family Private Limited (TSSFPL) effective February 04 2022. Further SRPL ceased to be a Promoter of the Company effective January 06 2022 and TSSFPL became Promoter of the Company effective February 04 2022. The Company commissioned a state-of-the-art Cast Aluminium Wheel Plant at Thervoy Kandigai in Tamil Nadu in 2022.

Wheels India Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1529

EPS - TTM (₹) [S]

23.22

P/E Ratio (X) [S]

2.06

Face Value (₹) 10
Latest Dividend (%)39.70
Latest Dividend Date 12 Jul 2023
Dividend Yield (%) 1.10
Book Value Share (₹) [S]308.66
P/B Ratio (₹) [S]2.06
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India ELSS Tax Saver Fund - (G) 99.26 1509406 0.70
Nippon India ELSS Tax Saver Fund - (IDCW) 99.26 1509406 0.70
Nippon India ELSS Tax Saver Fund - Direct (G) 99.26 1509406 0.70
Nippon India ELSS Tax Saver Fund - Direct (IDCW) 99.26 1509406 0.70
Nippon India ELSS Tax Saver Fund - Direct (IDCW-A) 99.26 1509406 0.70
Nippon India ELSS Tax Saver Fund - (IDCW-A) 99.26 1509406 0.70
HDFC Multi Cap Fund - Direct (IDCW) 64.86 986388 0.55
HDFC Multi Cap Fund - Direct (G) 64.86 986388 0.55
HDFC Multi Cap Fund (IDCW) 64.86 986388 0.55
HDFC Multi Cap Fund (G) 64.86 986388 0.55

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

621.95

648.40

Week Low/High

600.15

664.00

Month Low/High

584.20

699.00

Year Low/High

432.30

855.00

All time Low/High

42.33

1347.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week3.08%3.57%0.820.57%
1 Month-1.33%-1.49%2.932.96%
3 Month-7.18%-7.16%9.2810.22%
6 Month-12.00%-12.38%12.7814.94%
1 Year23.27%23.29%24.1328.01%
3 Year37.41%37.57%47.9351.33%

Company Info

Company Information

Chairman (Non-Executive) : S Ram

Director : S Viji

Managing Director : Srivats Ram

Independent Director : S Prasad

Independent Director : Aroon Raman

Company Sec. & Compli. Officer : K V Lakshmi

Independent Director : Sumithra Gomatam

Independent Director : RISHIKESHA THIRUVENKATA KRISHNAN

Independent Director : R Raghuttama Rao

Registered Office: 21 Patullos Road, ,Chennai,Tamil Nadu-600002 Ph: 91-44-26258511

Email:investorservices@wheelsindia.com

URL:http://www.wheelsindia.com