Wheels India Ltd

Securities in F&O Ban: Titagarh Rail Systems, Birlasoft and MCX shares are banned from F&O on 26 June 2025. Stocks to Watch: Wheels India's board approved to acquire 7,64,533 equity shares or 12.51% stake in Axles India from Forge 2000 for a total consideration of Rs 22.68 crore. Balaji Amines has received consent to operate the manufacture of ISOPROPYLAMINE (MIPA/ DIPA). Trial runs will be started and commencement of commercial production will take effect shortly. Ask Automotive's board granted approval for entering into a joint venture with T.D. Holding GMBH (TDH) for manufacturing, marketing and selling sunroof control cables and/or helix cables for passenger vehicles through a joint venture company. The company will own 49% of the shareholding in the JV Co remaining 51% stake will be owned by TDH CEAT's board approved raising unsecured non-convertible debentures (NCDs) for aggregate amount not exceeding Rs 500 crore in one or more tranches, on a private placement basis. Texmaco Rail & Engineering received an order worth Rs 535 crore which include manufacturing and supply of 560 open Top wagons and long term maintenance contract for 20 years. H.G. Infra Engineering has incorporated a wholly owned subsidiary company namely , H.G. Choraniya Bess, a special purpose vehicle (SPV) for setting up of standalone battery energy storage systems (BESS) in Gujarat under tariff-based competitive bidding (Phase-VI).Powered by Capital Market - Live

Wheels India announced that the 66th Annual General Meeting(AGM) of the company will be held on 17 July 2025.Powered by Capital Market - Live

Net profit of Wheels India declined 0.70% to Rs 38.24 crore in the quarter ended March 2025 as against Rs 38.51 crore during the previous quarter ended March 2024. Sales rose 0.45% to Rs 1277.19 crore in the quarter ended March 2025 as against Rs 1271.48 crore during the previous quarter ended March 2024. For the full year,net profit rose 76.68% to Rs 110.90 crore in the year ended March 2025 as against Rs 62.77 crore during the previous year ended March 2024. Sales declined 4.68% to Rs 4744.40 crore in the year ended March 2025 as against Rs 4977.30 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1277.191271.48 0 4744.404977.30 -5 OPM %8.097.66 -7.435.34 - PBDT75.5172.14 5 242.12159.76 52 PBT51.5650.29 3 148.9074.85 99 NP38.2438.51 -1 110.9062.77 77 Powered by Capital Market - Live

Wheels India announced that the Board of Directors of the Company at its meeting held on 20 May 2025, inter alia, have recommended the final dividend of Rs 7.03 per equity Share (i.e. 70.3%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Wheels India will hold a meeting of the Board of Directors of the Company on 20 May 2025.Powered by Capital Market - Live

The stock has declined 2.72% in three sessions, from its recent closing high of Rs 609.05 recorded on 21 February 2025. In the last six months, the stock has corrected by 30.30% while the benchmark S&P BSE Sensex and the S&P BSE 500 index have corrected by 8.69% and 14.23%, respectively. In a regulatory filing made during market hours today, Wheels India informed that the credit rating agency ICRA has affirmed the company's long-term rating at '[ICRA] A' with 'stable' outlook. The agency has also affirmed the company's short-term rating at '[ICRA] A2+'. ICRA stated that the rating outstanding on the fixed deposits and bank facilities of Wheels India (WIL) considers the expected improvement in its overall credit profile over the near to medium term. The margins are expected to improve going forward aided by periodic price negotiations with customers, continued focus on cost optimisation, improvement of proportion of exports and better operating leverage. ICRA expects the debt protection metrics to improve over the near to medium term supported by the factors mentioned above and its healthy business profile marked by established position as one of the largest steel wheel rim manufacturers in India, and its diversified presence across segments, customers and products. The ratings remain supported by WIL's exceptional financial flexibility arising from its parentage. The company belongs to the T S Santhanam faction (TSF) of the larger TVS Group of Companies 'an established name in the domestic auto ancillary industry. The ratings, however, remain constrained by the company's moderate debt metrics and moderate operating margins, albeit improvement in YTD FY2025. Further, the company reported a YoY decline in consolidated operating income in YTD FY2025 crore impacted by demand slowdown in overseas markets. The slowdown in new vehicle registrations in FY2025 could result in some moderation in revenues for WIL in the near term. Its revenues are also exposed the inherent cyclicality of the domestic auto industry. Nevertheless, the company's established relationship with its customers, healthy order book, new customer additions, and increase in share of business with existing customers as part of vendor diversification initiatives by global OEMs mitigate the revenue risk to an extent and are likely to support healthy medium-term revenue prospects. Wheels India (WIL) is among the largest manufacturers of steel wheel rims in the country and is present across automotive (except 2W), tractor and earthmover segments. Further, WIL also manufactures air suspension systems for luxury buses in India, supplies fabricated and machined parts for windmills, and produces bogie frame and bogie bolsters for Indian Railways. Powered by Capital Market - Live

Wheels India announced that ICRA has reaffirmed / assigned the credit rating ICRA A; Stable/ ICRA A2+ for various debt instruments of the company. Powered by Capital Market - Live

Net profit of Wheels India rose 147.43% to Rs 25.04 crore in the quarter ended December 2024 as against Rs 10.12 crore during the previous quarter ended December 2023. Sales declined 7.07% to Rs 1124.86 crore in the quarter ended December 2024 as against Rs 1210.41 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1124.861210.41 -7 OPM %7.574.97 - PBDT57.4732.10 79 PBT33.4210.76 211 NP25.0410.12 147 Powered by Capital Market - Live

Wheels India announced that the Board of Directors of the Company at its meeting held on 27 January 2024, has recommended a 4.5dividend of Rs.0.25 per share (i.e.45%), subject to the approval of the shareholders.Powered by Capital Market - Live

The agency has affirmed the company's short-term rating at '[ICRA] A2+'. ICRA said that the upgrade in long-term rating outstanding on the fixed deposits and bank facilities of Wheels India (WIL) considers the expected improvement in its overall credit profile over the near to medium term. WIL's operating profit margins improved to 7.0% in H1 FY2025, aided by price corrections, increase in proportion of margin-accretive products and cost optimisation measures such as efficiencies in procurement and production, fixed cost controls among others. This resulted in an improvement in debt metrics and interest coverage metrics compared to past levels. The margins are expected to improve going forward aided by supported by periodic price negotiations with customers, continued focus on cost optimisation, improvement of proportion of exports and better operating leverage. The ratings remain supported by WIL's exceptional financial flexibility arising from its parentage. The company belongs to the T S Santhanam faction (TSF) of the larger TVS Group of Companies 'an established name in the domestic auto ancillary industry. The ratings, however, remain constrained by the company's moderate debt metrics and moderate operating margins, albeit improvement in H1 FY2025. Further, the company reported a YoY decline in consolidated operating income in H1 FY2025 to Rs. 2,342.4 crore impacted by demand slowdown in overseas markets. The slowdown in new vehicle registrations in FY2025 could result in some moderation in revenues for WIL in the near term. Its revenues are also exposed the inherent cyclicality of the domestic auto industry. Nevertheless, the company's established relationship with its customers, healthy order book, new customer additions, and increase in share of business with existing customers as part of vendor diversification initiatives by global OEMs mitigate the revenue risk to an extent and are likely to support healthy medium-term revenue prospects. Wheels India (WIL) is among the largest manufacturers of steel wheel rims in the country and is present across automotive (except 2W), tractor and earthmover segments. Further, WIL also manufactures air suspension systems for luxury buses in India, supplies fabricated and machined parts for windmills, and produces bogie frame and bogie bolsters for Indian Railways. The scrip fell 2.94% to currently trade at Rs 666.10 on the BSE. Powered by Capital Market - Live