Wheels India cash flow

Latest FY26

Cash from operations: ₹477cr+19.2% on FY25
Capital spending: ₹277cr+32.3% on FY25
Free cash flow: ₹201cr+4.9% on FY25
Cash from financing: −₹175cr−₹188 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	115	93.2	84.9	72.1
	—	120	122	123	103
	—	−4.5	−2.7	−2.1	−1.4
	—	−3.6	0.4	8.3	−4.1
	—	8.5	6.5	8.3	4.4
	—	−22.3	−2.5	1.2	1.0
	—	0.0	0.0	−25.6	2.3
	—	−5.1	111	−0.2	−44.9
	—	18.1	−59.5	21.1	79.2
	—	−37.1	−18.5	3.4	28.4
	—	73.3	8.5	32.5	67.3
	—	−1.4	3.5	−2.8	17.9
Cash from operating activities
	249	201	142	66.6	64.2
	—	244	248	235	316
	—	445	390	302	381
	—	0.0	0.0	0.0	1.1
	—	0.0	0.0	0.0	1.0
	—	−32.7	−10.3	−27.8	10.0
	—	477	400	329	373
Cash from investing activities
	—	277	209	150	151
	—	2.4	1.3	0.2	1.6
	—	26.4	11.1	3.8	0.0
	—	1.6	0.0	0.0	0.0
	—	1.3	3.4	2.2	1.0
	—	6.1	2.5	2.0	1.1
	—	−292	−213	−150	−148
Cash from financing activities
	—	126	56.6	118	102
	—	134	91.0	124	173
	—	18.7	11.0	10.2	9.1
	—	118	113	120	104
	—	30.1	29.0	9.6	27.1
	—	−175	−188	−146	−211
	—	10.9	−0.3	33.6	14.3
	—	10.9	−0.3	33.6	14.3
	—	—	—	28.3	13.1
Reference items
	467	413	352	266	218
	7.6%	7.6%	7.4%	5.3%	4.7%
	201	201	191	179	221
	—	47.5	32.7	43.4	—
	₹82.10	₹82.10	₹78.27	₹73.30	₹90.62
	26.76×	—	—	—	—
	—	3.02×	3.57×	5.59×	6.88×
	—	−32.7	−10.3	−27.8	10.0
	—	118	113	120	104

Open the chart

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

alphave

WHEELS₹2,196.80

Wheels India Limited

· Auto & Mobility

₹ CrorePeersDIVGIITTS SANDHAR UNIPARTS JTEKTINDIA FMGOETZE CARRARO MMFL NRBBEARINGMcap ₹5,367 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	72.1	84.9	93.2	115.3	—
+ Finance Costs	102.9	122.5	121.6	119.8	—
+ Interest Income	-1.4	-2.1	-2.7	-4.5	—
+ Unrealised FX (Gain) / Loss	-4.1	8.3	0.4	-3.6	—
+ Undistributed Profits of Associates	4.4	8.3	6.5	8.5	—
+ Other — Cash Effects are Investing / Financing	1.0	1.2	-2.5	-22.3	—
+ Other Reconciling Items	2.3	-25.6	0.0	0.0	—
Changes in Working Capital
+ Inventories	-44.9	-0.2	110.5	-5.1	—
+ Trade Receivables — Current	79.2	21.1	-59.5	18.1	—
+ Other Current Assets	28.4	3.4	-18.5	-37.1	—
+ Trade Payables — Current	67.3	32.5	8.5	73.3	—
+ Other Current Liabilities	17.9	-2.8	3.5	-1.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	64.2	66.6	142.4	200.6	248.6
+ Total Adjustments (incl. Working Capital)	316.3	234.9	247.8	244.1	—
Cash from Operations (pre-tax)	380.5	301.6	390.2	444.7	—
+ Interest Received — Operating	1.1	0.0	0.0	0.0	—
+ Dividends Received — Operating	1.0	0.0	0.0	0.0	—
+ Income Taxes Paid	10.0	-27.8	-10.3	-32.7	—
Cash from Operating Activities	372.7	329.4	400.5	477.4	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	151.3	150.3	209.3	276.8	—
+ Disp of Fixed Assets	1.6	0.2	1.3	2.4	—
+ Acq of Investment Property	0.0	3.8	11.1	26.4	—
+ Disp of Investment Property	0.0	0.0	0.0	1.6	—
+ Dividends Received — Investing	1.0	2.2	3.4	1.3	—
+ Interest Received — Investing	1.1	2.0	2.5	6.1	—
Cash from Investing Activities	-147.6	-149.7	-213.2	-291.7	—
Cash from Financing Activities
+ Proceeds from Borrowings	101.8	117.9	56.6	126.2	—
+ Repayment of Borrowings	172.6	123.8	91.0	134.0	—
+ Payment of Lease Liabilities	9.1	10.2	11.0	18.7	—
+ Interest Paid	103.8	120.3	113.2	118.1	—
+ Dividends Paid	27.1	9.6	29.0	30.1	—
Cash from Financing Activities	-210.8	-146.0	-187.5	-174.8	—
Net Changes in Cash (pre-FX)	14.3	33.6	-0.3	10.9	—
Net Changes in Cash	14.3	33.6	-0.3	10.9	—
Closing Cash	13.1	28.3	—	—	—
Reference Items
EBITDA	218.5	265.9	352.5	412.8	466.6
EBITDA Margin %	4.70	5.34	7.43	7.55	7.60
Free Cash Flow (CFO − Capex)	221.4	179.1	191.2	200.6	200.6
Free Cash Flow to Equity	—	43.4	32.7	47.5	—
Free Cash Flow per Basic Share	90.62	73.30	78.27	82.10	82.10
Price to Free Cash Flow	—	—	—	—	26.76
Cash Flow to Net Income	6.88	5.59	3.57	3.02	—
Cash Paid for Taxes	10.0	-27.8	-10.3	-32.7	—
Cash Paid for Interest	103.8	120.3	113.2	118.1	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. 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%.