Wheels India Ltd
NSE:WHEELS
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Wheels India Ltd
Wheels India Ltd. designs and manufactures road wheels. The company is headquartered in Chennai, Tamil Nadu. The firm is primarily engaged in the business of manufacture and distribution of passenger car steel wheels. The company operates through two segments: Automotive Components and Industrial Components. The Industrial Components segment includes components and structures for windmills, railways and thermal power plants. The firm's products include wheels, air suspension division, energy equipment part division, heavy engineering division and fab division. Its range of wheels includes heavy vehicle wheel, light vehicle wheel, agricultural application wheel, off-road construction wheel, wire wheel and forged aluminum wheel. The firm offers TVS WILGO brand. The company also manufactures air suspension kits for trucks and buses. The Company’s manufacturing units are located in Pantnagar, Wardha, Maraimalai Nagar, Padi, Rampur, Bawal, Nashik, Pune and Sriperumbudur. The Company’s subsidiary is WIL Car Wheels Limited.
Wheels India Ltd. designs and manufactures road wheels. The company is headquartered in Chennai, Tamil Nadu. The firm is primarily engaged in the business of manufacture and distribution of passenger car steel wheels. The company operates through two segments: Automotive Components and Industrial Components. The Industrial Components segment includes components and structures for windmills, railways and thermal power plants. The firm's products include wheels, air suspension division, energy equipment part division, heavy engineering division and fab division. Its range of wheels includes heavy vehicle wheel, light vehicle wheel, agricultural application wheel, off-road construction wheel, wire wheel and forged aluminum wheel. The firm offers TVS WILGO brand. The company also manufactures air suspension kits for trucks and buses. The Company’s manufacturing units are located in Pantnagar, Wardha, Maraimalai Nagar, Padi, Rampur, Bawal, Nashik, Pune and Sriperumbudur. The Company’s subsidiary is WIL Car Wheels Limited.
Profit Growth: Wheels India reported a 26.7% increase in net profit for Q2 FY26, reaching INR 28 crores versus INR 22 crores last year.
Revenue Growth: Q2 revenue grew by 8.6% year-on-year to INR 1,179 crores, supported by strong domestic and export performance.
Exports: Export revenues for the quarter were just under INR 300 crores, up 15.6% year-on-year, with exports contributing about 26% of sales.
CapEx Commitment: The company maintained its planned CapEx of INR 250 crores for the year, mainly for industrial and windmill segments, and expects it to be fully implemented by year-end.
Steady Debt Levels: Debt remains stable at around INR 710 crores, with no significant increase expected even after CapEx.
Strategic Alliance: Wheels India entered a strategic alliance with Korean firm SHPAC to support and grow the hydraulic cylinder business.
Guidance & Outlook: Management expects at least a repeat of H1 performance in H2, targeting 8-10% revenue growth in coming years barring major surprises.
Segment Highlights: Strong domestic demand in tractor wheels and air suspension systems; windmill, cast aluminum wheels, and hydraulics expected to drive future margin and revenue growth.
