Leading manufacturer of wheels for trucks, tractors and passenger vehicles Wheels India Ltd has reported a net profit of Rs 25.37 crore for the April-June 2024 quarter, thanks to cost control measures and change in the product mix, a top official of the company has said.

Wheels India records strong net profit of Rs 25cr in Q1 due to cost control

Wheels India reports strong profit growth, plans expansion in cast aluminium and hydraulic businesses for increased production.

Wheels India Q1: Net profit ₹25.37 crore

Wheels India consolidated net profit rises 141.06% in the June 2024 quarter

Wheels India Ltd. plans capex, production increase, export growth, and expansion into European market for FY25.

Wheels India plans ₹225 crore FY25 capex

Wheels India plans ₹225 crore capex to boost production capacity and expand export business for sustainable growth.

Wheels India plans ₹225 cr capex for FY25, to set up European subsidiary

ChennaiWheels India Ltd. (WIL) eyes 20% export growth in FY24. MD Srivats Ram expects to win orders for light/medium construction wheels, larger tractor wheels, and fabrication/hydraulic cylinder business in Q4. WIL is also looking to grow fabrication/hydraulic cylinder business. New orders needed t…

Wheels India eyes new orders to sustain export growth in current fiscal

Chennai Wheels India Ltd. (WIL) standalone net profit for Q2 contracted by 64% to ₹5.24 crore due to one-off charges. Revenue from operations increased 7%, while exports grew 25%. WIL scaled down FY24 capex from ₹200 crore to ₹160 crore. WIL expects export growth despite slowdown in Europe, and grow…

Wheels India Q2 net hit by one-off charges

Chennai-based auto component maker’s expansion to look at offload business in construction and agri tractor segments

Wheels India to open subsidiaries in US, Europe

Wheels India, manufacturer of wheels for trucks, tractors, passenger vehicles and construction equipment, expects the domestic wheel business to pick up during the second half of the year, according to a top official.

Wheels India pegs domestic wheel biz to pick-up post monsoon

Wheels India Q1 net rises 25% to ₹13 crore

Wheels India has reported a 25 per cent increase in net profit at ₹13.3 crore for the quarter ended June 30, 2023, driven by exports that accounted for a quarter of the company’s sales during the period.

Wheels India posts ₹13 crore net in Q1 on higher exports

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Wheels India Limited manufactures steel wheel for cars, utility vehicles, commercial vehicles and also manufactures air suspension kits for trucks and buses.

Wheels India Ltd