Wheels India Ltd
About
Wheels India Limited, established in 1962, is one of the world's largest steel wheel manufacturers and a key company in the TVS Group, India’s largest auto component manufacturer. The company produces wheels for cars, UVs, commercial vehicles, tractors, construction and earth-moving equipment, and air suspension kits for trucks and buses. With 15% of its turnover from exports, Wheels India has a strong global presence. The 2000s marked significant expansion, including entry into the earth mover market, forged aluminium wheels, and multiple new facilities in Sriperumbudur, Bawal, and Pantnagar. In 2012, it launched the TVS WILGO aftermarket brand. A trusted partner to global OEMs like Ford, Hyundai, Tata, Caterpillar, and John Deere, Wheels India has won several awards, including the CAT SQEP Silver Certification and Toyota Supplier Awards. Committed to quality and innovation, the company supports OEMs with world-class products.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4974 5.1% | 4732 14.7% | 4125 69.3% | 2437 -7.8% | 2642 -25.0% | 3524 35.3% | 2604 19.9% | 2171 7.6% | 2018 1.3% | 1993 8.7% | 1833 -4.0% | 1909 -9.1% | 2099 23.3% | 1703 33.8% | 1272 10.3% | 1154 - |
| Net Operating Income (INR Cr) | 4977 7.26% | 4640 16.99% | 3966 64.35% | 2413 -9.67% | 2672 -22.37% | 3441 34.29% | 2563 17.94% | 2173 9.34% | 1987 0.00% | 1980 8.60% | 1823 -5.23% | 1924 -7.40% | 2078 22.17% | 1701 36.99% | 1241 10.05% | 1128 -0.19% |
| Profit (INR Cr) | 63 13.4% | 55 -27.6% | 76 4101.7% | 2 -96.3% | 49 -35.9% | 77 1.9% | 75 26.7% | 59 44.0% | 41 38.3% | 30 4.7% | 28 -10.9% | 32 -7.2% | 34 39.4% | 25 90.3% | 13 -38.8% | 21 - |
| Assets (INR Cr) | 1636 0.7% | 1625 -0.6% | 1634 18.0% | 1385 3.4% | 1340 15.2% | 1163 19.5% | 974 15.5% | 843 4.5% | 806 4.1% | 774 10.8% | 699 -2.2% | 715 13.1% | 632 15.1% | 549 -4.4% | 574 0.0% | 575 - |
| Net Worth (INR Cr) | 840 11.2% | 755 2.9% | 734 11.1% | 661 -0.5% | 664 3.7% | 640 9.2% | 587 25.2% | 469 13.2% | 414 0.0% | 381 4.8% | 364 40.5% | 259 8.3% | 239 9.9% | 218 8.6% | 200 4.0% | 193 8.4% |
| Employee Cost (INR Cr) | 513 12.3% | 457 20.5% | 379 26.6% | 300 -3.5% | 310 -8.5% | 339 24.6% | 272 7.7% | 253 9.0% | 232 8.7% | 213 11.4% | 192 6.6% | 180 6.8% | 168 20.1% | 140 25.3% | 112 24.7% | 90 - |
| Interest Cost (INR Cr) | 123 | 106 | 71 | 59 | 67 | 66 | 45 | 48 | 58 | 59 | 55 | 55 | 70 | 54 | 38 | 47 |
| Cash & Bank Balance (INR Cr) | 5 | 5 | 4 | 3 | 6 | 9 | 10 | 9 | 5 | 7 | 3 | 2 | 1 | 1 | 3 | 1 |
| Total Debt (INR Cr) | 778 | 819 | 876 | 698 | 650 | 495 | 359 | 369 | 386 | 389 | 332 | 420 | 388 | 330 | 374 | 382 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 1.3% | 1.2% | 1.9% | 0.1% | 1.9% | 2.2% | 2.9% | 2.7% | 2.0% | 1.5% | 1.6% | 1.7% | 1.6% | 1.5% | 1.0% | 1.8% |
| Profit As % Of Assets | 3.8% | 3.4% | 4.7% | 0.1% | 3.7% | 6.6% | 7.7% | 7.0% | 5.1% | 3.8% | 4.1% | 4.5% | 5.4% | 4.5% | 2.3% | 3.7% |
| Profit As % Of Networth | 7.5% | 7.3% | 10.4% | 0.3% | 7.4% | 12.0% | 12.8% | 12.6% | 9.9% | 7.8% | 7.8% | 12.3% | 14.4% | 11.3% | 6.5% | 11.0% |
| Interest Cost to EBITDA % | 46.1% | 48.3% | 28.1% | 41.2% | 38.7% | 26.9% | 22.6% | 25.9% | 33.4% | 39.4% | 37.5% | 36.8% | 40.7% | 41.4% | 47.5% | 65.0% |
| Debt to Equity Ratio | 0.93 | 1.08 | 1.19 | 1.06 | 0.98 | 0.77 | 0.61 | 0.79 | 0.93 | 1.02 | 0.91 | 1.62 | 1.62 | 1.52 | 1.87 | 1.98 |
| RONW | 7.4% | 6.9% | 10.6% | 0.0% | 7.3% | 12.4% | 12.5% | 13.4% | 9.7% | 8.0% | 9.1% | 12.8% | 15.0% | 11.8% | 6.6% | 1.8% |
| ROCE | 12.2% | 10.7% | 11.4% | 4.4% | 8.3% | 16.7% | 15.3% | 15.3% | 14.1% | 13.4% | 13.3% | 14.9% | 21.1% | 15.3% | 10.1% | 10.0% |