Automobile wheel manufacturer Wheels India Ltd has reported a net profit of Rs 24.8 crore during the quarter ending March 31, 2023, the company said on Friday.

Wheels India reports Q4 net profit of Rs 24.8 cr, earmarks Rs 200 cr capex

Wheels India Ltd. (WIL) has planned capital expenditure of ₹200 crore for FY24 for a gradual ramp up of production, said the company’s MD Srivats Ram.

Wheels India plans a capex of ₹200 cr for capacity ramp up

Wheels India proposes a capex of ₹200 crore for the current fiscal as the leading auto parts maker seeks to ramp up capacity in certain segments in view of bright growth prospects.

Wheels India draws up ₹200-cr capex for FY24 on favourable growth outlook

Wheels India is looking at double digit growth to come back this year, though there is uncertainty in the overall global environment

Wheels India plans capital expenditure Rs 200 cr to ramp up production

Revenues during the quarter under review grew to Rs 1,016.58 crore from Rs 1,007.18 crore registered in the same period last year.

Wheels India Reports Rs 14.54 Crore Net Profit in Q3

Long term rating for bank lines - ICRA A-/ Stable (rating reaffirmed)Short term rating for bank lines - ICRA A2+ (rating reaffirmed)Fixed deposits - ICRA A-/ Stable (rating reaffirmed)Commercial paper - ICRA A2+ (rating reaffirmed, withdrawn)

Wheels India receives affirmation in credit ratings from ICRA

Exports accounted for 22% of the overall revenue at the end of the third quarter against 26% in the comparable period.

Wheels India Q3 net slides 29% to ₹15 cr. on slowdown in exports

Wheels India Ltd has reported a 29 per cent drop in its net profit at ₹15 crore for the quarter ende

Wheels India’s Q3 net down 29%

Wheels India begins export of Flow Form Cast Alloy Wheels to U.S.

The city-headquartered company recently commenced shipment of the flow forming wheel to the United States and expects to unveil the product soon in the domestic market.

Wheels India rolls out flow form technology equipped in cast alloy wheel

The company said the flow form technology involves the application of pressure to the inner barrel of the wheel while spinning and after it has been casted

Wheels India starts exports of wheels with advanced flow form technology

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced but is in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Not a good time to consider, stock is 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