Wheels India financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹1,711cr+35.4% on Q2 FY26
Net profit
₹60.2cr+89.3% on Q2 FY26
EBITDA margin
7.5%+0.2 pts on Q2 FY26
EPS
₹24.21+90.9% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue1,7111,264+35.4%
EBITDA12892.6+38.5%
EBITDA margin7.5%7.3%+0.2 pts
Profit before tax75.640.1+88.5%
Net profit60.231.8+89.3%
EPS₹24.21₹12.68+90.9%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹1,711 crNet profit₹60.2 crNet margin3.5%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
5,367————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
28.03.64.24.84.0
14.913.510.49.213.0
690690725770785
6,043————
6,1375,4654,7444,9774,651
—+15.2%−4.7%+7.0%—
467413352266218
7.6%7.6%7.4%5.3%4.7%
339298259181146
19515811258.954.2
3.2%2.9%2.4%1.2%1.2%
₹79.74₹64.70₹45.92₹25.69₹23.77
—+40.9%+78.7%+8.1%—
—477400329373
—−277−209−150−151
201201191179221
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

WHEELS₹2,196.80

Wheels India Limited

· Auto & Mobility
₹ CrorePeersDIVGIITTSSANDHARUNIPARTSJTEKTINDIAFMGOETZECARRAROMMFLNRBBEARINGMcap ₹5,367 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————5,366.8
- Cash, Equiv & ST Investments4.04.84.23.628.0
+ Minority Interest13.09.210.413.514.9
+ Total Debt785.3770.0724.7689.7689.7
Enterprise Value————6,043.3
Revenue4,651.24,977.34,744.45,464.96,137.4
Growth %, YoY—+7.0-4.7+15.2—
EBITDA218.5265.9352.5412.8466.6
Margin %4.705.347.437.557.60
EBIT146.3181.0259.3297.5338.5
Net Income54.258.9112.2158.1194.8
Margin %1.161.182.362.893.17
EPS, Adj (current shares)23.7725.6945.9264.7079.74
Growth %, YoY—+8.1+78.7+40.9—
Cash from Operations372.7329.4400.5477.4—
Capital Expenditures-151.3-150.3-209.3-276.8—
Free Cash Flow221.4179.1191.2200.6200.6
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Wheels India financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

Wheels India (NSE: WHEELS) had a market capitalisation of ₹5,901 crore at the previous close (₹2,196.80 a share), a PE ratio of 30.3 on the last four quarters' profit and a price-to-book ratio of 3.91. In FY26 its consolidated net profit was ₹158 crore on revenue of ₹5,465 crore; in Q2 FY27 (July–September 2026) it was ₹60.2 crore, up 94.1% year on year. Its debt-to-equity ratio was 0.45 on 30 September 2026. Promoters held 56.86% of the shares on 30 September 2026.

Wheels India Q2 FY27 results
filed 29 October 2026
Share price used
₹2,196.80 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Wheels India at a glance · consolidated

Market cap
₹5,901 Crat ₹2,196.80 · previous close
PE ratio (last 4 quarters)
30.337.3 on FY26 profit
Price to book (PB)
3.91book value ₹562.32 a share
ROE (FY26)
16.1%+3.4 pts vs FY25ROCE 21.5%
Debt to equity
0.45net debt ₹664 Cr
Promoter holding
56.86%−1.5 pts vs 30 Jun 202630 September 2026
Dividend yield
0.66%₹14.44 a share in 12 months
Net worth
₹1,510 Cr+56.8% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹201 Cr+4.9% vs FY25

Questions

What is the Wheels India PE ratio today?

Wheels India's PE ratio is 30.3 at the previous close (₹2,196.80 a share): a market capitalisation of ₹5,901 crore divided by consolidated net profit of ₹195 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹158 crore) it is 37.3.

What is the Wheels India net worth?

Wheels India's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,510 crore on 30 September 2026, up 56.8% from ₹963 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹5,901 crore at the previous close.

What is the Wheels India book value per share?

Wheels India's book value per share was ₹562.32 on 30 September 2026: shareholders' equity of ₹1,510 crore divided by the 2.69 crore shares in issue, up 42.6% from ₹394.35 a year earlier. The share price at the previous close was ₹2,196.80.

What is the Wheels India PB ratio (price to book value)?

Wheels India's price-to-book (PB) ratio is 3.91 at the previous close: a market capitalisation of ₹5,901 crore divided by shareholders' equity (book value) of ₹1,510 crore on 30 September 2026. That is a book value of ₹562.32 per share against a share price of ₹2,196.80.

What is the Wheels India ROE and ROCE?

In FY26, Wheels India's return on equity (ROE) was 16.1% and its return on capital employed (ROCE) was 21.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 12.7% and ROCE 20.6%.

What is the Wheels India dividend yield?

Wheels India's dividend yield is 0.66% at the previous close: dividends of ₹14.44 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹2,196.80. They were ₹9.14 on 24 June 2026 and ₹5.30 on 5 February 2026 (interim).

What is the Wheels India market cap?

Wheels India's market capitalisation was ₹5,901 crore at the previous close: 2.69 crore shares at ₹2,196.80 each.

Is Wheels India debt free?

No. Wheels India had borrowings of ₹693 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.45. Its cash and current investments were ₹28.6 crore, so its net debt was ₹664 crore.

What is the Wheels India EPS?

Wheels India's basic earnings per share (EPS) were ₹63.44 in FY26, against ₹45.39 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹78.43.

What is the Wheels India debt to equity ratio?

Wheels India's debt-to-equity ratio was 0.45 on 30 September 2026: borrowings of ₹693 crore against total equity of ₹1,525 crore. A year earlier, on 30 September 2025, it was 0.75.

What is the Wheels India dividend in 2026 and its record date?

In 2026, Wheels India has declared two dividends totalling ₹14.44 a share: ₹5.30 (interim) with record date 5 February 2026 and ₹9.14 with record date 24 June 2026.

What is the Wheels India promoter holding?

Promoters held 56.86% of Wheels India on 30 September 2026, down 1.45 percentage points from 58.31% the previous quarter and down 1.45 percentage points from 58.31% a year earlier, according to the shareholding pattern filed with NSE.

What is the Wheels India shareholding pattern?

On 30 September 2026, Wheels India's shares were held by promoters 56.86%, foreign portfolio investors (FII/FPI) 2.57%, domestic institutions (DII) 7.23% (including mutual funds at 4.41%) and retail and other non-institutional investors 33.34%. Over the year, FII holding was up 1.49 percentage points from 1.08% and DII holding was down 3.45 percentage points from 10.68%.

What are the Wheels India latest quarterly results?

Wheels India's latest results are for Q2 FY27 (July–September 2026), filed on 29 October 2026: consolidated net profit ₹60.2 crore, up 94.1% from ₹31 crore in Q2 FY26; revenue from operations ₹1,711 crore, up 35.4% year on year.

Wheels India vs Divgi Torqtransfer Systems: how do they compare?

In FY26, Wheels India earned net profit of ₹158 crore on revenue of ₹5,465 crore, against ₹46.9 crore on ₹353 crore for Divgi Torqtransfer Systems. Wheels India's operating margin was 5.4% (Divgi Torqtransfer Systems 11.6%) and its return on equity 16.1% (Divgi Torqtransfer Systems 7.6%).

What is the Wheels India free cash flow?

In FY26, Wheels India generated ₹477 crore of cash from operations and spent ₹277 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹201 crore. In FY25 it was ₹191 crore.

What is the Wheels India revenue and profit in FY26?

In FY26 (April 2025–March 2026), Wheels India's consolidated net profit was ₹158 crore, up 40.9% from ₹112 crore in FY25, on revenue from operations of ₹5,465 crore (up 15.2%). Over three years, from FY23, net profit was up 172.2%.

When are the Wheels India next results?

Wheels India has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does Wheels India compare with its peers?

On FY26 consolidated figures, against Divgi Torqtransfer Systems, Sandhar Technologies and Uniparts India: Wheels India's operating margin of 5.4% is the third highest of the four (Divgi Torqtransfer Systems 11.6%, Sandhar Technologies 5.0%, Uniparts India 17.3%; peer average 11.3%); its return on equity of 16.1% is the second highest of the four (Divgi Torqtransfer Systems 7.6%, Sandhar Technologies 16.1%, Uniparts India 18.0%; peer average 13.9%); its revenue growth over three years of 5.5% a year is the third highest of the four (Divgi Torqtransfer Systems 9.2% a year, Sandhar Technologies 18.6% a year, Uniparts India −5.0% a year; peer average 7.6% a year).

Where do these Wheels India figures come from?

From Wheels India's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.