Wheels India
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Wheels India closed its qualified institutions placement on September 25, 2026, allocating 11,97,318 equity shares at Rs 2088 per share to eligible qualified institutional buyers, a discount of Rs 109.10 or 4.97% to the floor price of Rs 2197.10. The fundraise committee approved closure after receipt of application forms and funds in escrow, adopted the placement document dated September 25, 2026 and approved allocation confirmations and refunds. The issue had opened on September 24, 2026 with the relevant date fixed as September 24, 2026 and up to 5% discount permitted. The placement followed a preferential allotment on September 21, 2026 of 12,32,031 shares at Rs 1461 for about Rs 180 crore to TSF Investments and members of the Ram family, which took issued capital to 2,56,65,043 shares. Wheels India reported consolidated revenue of Rs 5464.94 crore and profit after tax of Rs 158.05 crore for FY26, with automotive components accounting for about 83% of sales.
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Wheels India closed its qualified institutions placement on September 25, 2026, allocating 11,97,318 equity shares at Rs 2088 per share to eligible qualified institutional buyers, a discount of Rs 109.10 or 4.97% to the floor price of Rs 2197.10. The fundraise committee approved closure after receipt of application forms and funds in escrow, adopted the placement document dated September 25, 2026 and approved allocation confirmations and refunds. The issue had opened on September 24, 2026 with the relevant date fixed as September 24, 2026 and up to 5% discount permitted. The placement followed a preferential allotment on September 21, 2026 of 12,32,031 shares at Rs 1461 for about Rs 180 crore to TSF Investments and members of the Ram family, which took issued capital to 2,56,65,043 shares. Wheels India reported consolidated revenue of Rs 5464.94 crore and profit after tax of Rs 158.05 crore for FY26, with automotive components accounting for about 83% of sales.
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Wheels India opened its qualified institutions placement on September 24, 2026, fixing the relevant date for pricing on the same day and setting a floor price of Rs 2,197.10 per share. The fundraise committee approved the preliminary placement document, authorised the opening of the issue and said the issue price would be set on September 25 in consultation with the lead manager, with up to a 5% discount to the floor permitted. The launch followed a Rs 180 crore preferential allotment on September 21 of 12.32 lakh shares at Rs 1,461 to TSF Investments and members of the Ram family, which took TSF's holding to 27.81%. That allotment was part of an up-to Rs 400 crore equity framework approved in July. The company reported consolidated revenue of Rs 5,464.94 crore in the year to March with net profit of Rs 158.05 crore, and held book debt near Rs 710 crore alongside about Rs 450 crore of bill discounting.
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Wheels India opened its qualified institutions placement on September 24, 2026, fixing the relevant date for pricing on the same day and setting a floor price of Rs 2,197.10 per share. The fundraise committee approved the preliminary placement document, authorised the opening of the issue and said the issue price would be set on September 25 in consultation with the lead manager, with up to a 5% discount to the floor permitted. The launch followed a Rs 180 crore preferential allotment on September 21 of 12.32 lakh shares at Rs 1,461 to TSF Investments and members of the Ram family, which took TSF's holding to 27.81%. That allotment was part of an up-to Rs 400 crore equity framework approved in July. The company reported consolidated revenue of Rs 5,464.94 crore in the year to March with net profit of Rs 158.05 crore, and held book debt near Rs 710 crore alongside about Rs 450 crore of bill discounting.
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Sept 24 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA - APPROVES FLOOR PRICE FOR THE QIP ISSUE AT 2,197.10 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];;))
Sept 24 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA - APPROVES FLOOR PRICE FOR THE QIP ISSUE AT 2,197.10 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];;))
Aug 31 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA LTD - REVISES ISSUE PRICE OF PREFERENTIAL ISSUE TO 1461 RUPEES PER SHARE FROM 1418 RUPEES
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];;))
Aug 31 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA LTD - REVISES ISSUE PRICE OF PREFERENTIAL ISSUE TO 1461 RUPEES PER SHARE FROM 1418 RUPEES
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];;))
Wheels India approved a preferential issue of up to 1,269,391 equity shares at ₹1,418 each, potentially raising ₹180 crore, subject to shareholder and regulatory approvals. TSF Investments was named for a ₹150 crore subscription, while Srivats Ram, Nivedita Ram and Gita Ram were named for subscriptions of ₹15 crore, ₹7.5 crore and ₹7.5 crore respectively; the shares represented 4.95% of the stated shareholding. The board also approved seeking shareholder consent to increase the fund-raising ceiling from ₹400 crore to ₹450 crore and scheduled an extraordinary general meeting for September 17. Wheels India reported FY26 revenue of ₹5,036 crore and net profit of ₹138.6 crore, with net debt of about ₹710 crore and an automotive-components business accounting for most sales.
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Wheels India approved a preferential issue of up to 1,269,391 equity shares at ₹1,418 each, potentially raising ₹180 crore, subject to shareholder and regulatory approvals. TSF Investments was named for a ₹150 crore subscription, while Srivats Ram, Nivedita Ram and Gita Ram were named for subscriptions of ₹15 crore, ₹7.5 crore and ₹7.5 crore respectively; the shares represented 4.95% of the stated shareholding. The board also approved seeking shareholder consent to increase the fund-raising ceiling from ₹400 crore to ₹450 crore and scheduled an extraordinary general meeting for September 17. Wheels India reported FY26 revenue of ₹5,036 crore and net profit of ₹138.6 crore, with net debt of about ₹710 crore and an automotive-components business accounting for most sales.
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Aug 19 (Reuters) - TSF Investments Ltd TSFI.NS:
APPROVES SUBSCRIPTION TO PREFERENTIAL ISSUE OF WHEELS INDIA EQUITY SHARES
TO SUBSCRIBE TO 1.1 MILLION WHEELS INDIA SHARES AT 1,418 RUPEES PER SHARE
Source text: ID:nNSE1nBs2r
Further company coverage: TSFI.NS
(([email protected];;))
Aug 19 (Reuters) - TSF Investments Ltd TSFI.NS:
APPROVES SUBSCRIPTION TO PREFERENTIAL ISSUE OF WHEELS INDIA EQUITY SHARES
TO SUBSCRIBE TO 1.1 MILLION WHEELS INDIA SHARES AT 1,418 RUPEES PER SHARE
Source text: ID:nNSE1nBs2r
Further company coverage: TSFI.NS
(([email protected];;))
July 27 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA LTD JUNE-QUARTER CONSOL NET PROFIT 383.1 MILLION RUPEES
WHEELS INDIA LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 14.91 BILLION RUPEES
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];;))
July 27 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA LTD JUNE-QUARTER CONSOL NET PROFIT 383.1 MILLION RUPEES
WHEELS INDIA LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 14.91 BILLION RUPEES
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];;))
Wheels India Ltd's board approved a plan to raise up to ₹400 crores through the issuance of equity shares or equity-linked instruments, the company said on July 10, 2026. The fundraising may be executed through a combination of public offers, private placements, rights issues, preferential allotments, or qualified institutions placements, and will require shareholder and regulatory approvals. The board has authorised a fundraise committee to decide the structure, pricing and terms of the issuance. The company intends to seek shareholder consent via a postal ballot.
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Wheels India Ltd's board approved a plan to raise up to ₹400 crores through the issuance of equity shares or equity-linked instruments, the company said on July 10, 2026. The fundraising may be executed through a combination of public offers, private placements, rights issues, preferential allotments, or qualified institutions placements, and will require shareholder and regulatory approvals. The board has authorised a fundraise committee to decide the structure, pricing and terms of the issuance. The company intends to seek shareholder consent via a postal ballot.
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July 6 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA - BOARD TO CONSIDER FUND RAISING PROPOSAL ON JULY 10, 2026
Source text: ID:nBSE6wJqDz
Further company coverage: WHEL.NS
(([email protected];))
July 6 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA - BOARD TO CONSIDER FUND RAISING PROPOSAL ON JULY 10, 2026
Source text: ID:nBSE6wJqDz
Further company coverage: WHEL.NS
(([email protected];))
March 30 (Reuters) - Wheels India Ltd WHEL.NS:
SRIVATS RAM ELECTED AS CHAIRMAN AND MANAGING DIRECTOR EFFECTIVE MARCH 31, 2026
Source text: ID:nNSE4QD7WM
Further company coverage: WHEL.NS
(([email protected];))
March 30 (Reuters) - Wheels India Ltd WHEL.NS:
SRIVATS RAM ELECTED AS CHAIRMAN AND MANAGING DIRECTOR EFFECTIVE MARCH 31, 2026
Source text: ID:nNSE4QD7WM
Further company coverage: WHEL.NS
(([email protected];))
Sept 29 (Reuters) - Wheels India Ltd WHEL.NS:
SIGNS TECHNICAL AGREEMENT WITH SHPAC
AGREEMENT FOR HYDRAULICS CYLINDER BUSINESS
Source text: ID:nNSE8c5DGn
Further company coverage: WHEL.NS
(([email protected];;))
Sept 29 (Reuters) - Wheels India Ltd WHEL.NS:
SIGNS TECHNICAL AGREEMENT WITH SHPAC
AGREEMENT FOR HYDRAULICS CYLINDER BUSINESS
Source text: ID:nNSE8c5DGn
Further company coverage: WHEL.NS
(([email protected];;))
May 20 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA LTD - DIVIDEND OF 7.03 RUPEES PER SHARE
WHEELS INDIA MARCH-QUARTER CONSOL NET PROFIT 382.4 MILLION RUPEES
WHEELS INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.77 BILLION RUPEES
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];;))
May 20 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA LTD - DIVIDEND OF 7.03 RUPEES PER SHARE
WHEELS INDIA MARCH-QUARTER CONSOL NET PROFIT 382.4 MILLION RUPEES
WHEELS INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.77 BILLION RUPEES
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];;))
Jan 27 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA DEC-QUARTER CONSOL NET PROFIT 250.4 MILLION RUPEES
WHEELS INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.25 BILLION RUPEES
WHEELS INDIA - DIVIDEND OF 4.5 RUPEESPER SHARE
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];))
Jan 27 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA DEC-QUARTER CONSOL NET PROFIT 250.4 MILLION RUPEES
WHEELS INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.25 BILLION RUPEES
WHEELS INDIA - DIVIDEND OF 4.5 RUPEESPER SHARE
Source text: [ID:]
Further company coverage: WHEL.NS
(([email protected];))
Aug 23 (Reuters) - Wheels India Ltd WHEL.NS:
TO ACQUIRE UPTO 45.06% IN EQUITY SHARE CAPITAL OF O2 RENEWABLE ENERGY
Source text for Eikon: ID:nBSE3tHRFz
Further company coverage: WHEL.NS
(([email protected];))
Aug 23 (Reuters) - Wheels India Ltd WHEL.NS:
TO ACQUIRE UPTO 45.06% IN EQUITY SHARE CAPITAL OF O2 RENEWABLE ENERGY
Source text for Eikon: ID:nBSE3tHRFz
Further company coverage: WHEL.NS
(([email protected];))
** Shares of Wheels India WHEL.NS up 14.5% at 675 rupees, set for best day since June 23, 2023
** Wheels and vehicle chassis-maker's Q4 profit climbs 72.4% YoY
** Shares of peer SJS Enterprises SJSE.NS up as well on Q4 profit surge
** WHEL on track to rise in seventh straight session if trend holds; stock logs busiest day since Feb. 2
** Still, WHEL down ~3% YTD; SJSE up 16%
(Reporting by Varun Vyas in Bengaluru)
** Shares of Wheels India WHEL.NS up 14.5% at 675 rupees, set for best day since June 23, 2023
** Wheels and vehicle chassis-maker's Q4 profit climbs 72.4% YoY
** Shares of peer SJS Enterprises SJSE.NS up as well on Q4 profit surge
** WHEL on track to rise in seventh straight session if trend holds; stock logs busiest day since Feb. 2
** Still, WHEL down ~3% YTD; SJSE up 16%
(Reporting by Varun Vyas in Bengaluru)
May 20 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA LTD - DIVIDEND 7.39 RUPEES PER SHARE
WHEELS INDIA LTD MARCH-QUARTER CONSOL NET PROFIT 385.1 MILLION RUPEES VERSUS 223.4 MILLION RUPEES
WHEELS INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.71 BILLION RUPEES VERSUS 12.51 BILLION RUPEES
WHEELS INDIA LTD - DIVIDEND OF 7.39 RUPEES PER SHARE
Source text for Eikon: [ID:]
Further company coverage: WHEL.NS
(([email protected];))
May 20 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA LTD - DIVIDEND 7.39 RUPEES PER SHARE
WHEELS INDIA LTD MARCH-QUARTER CONSOL NET PROFIT 385.1 MILLION RUPEES VERSUS 223.4 MILLION RUPEES
WHEELS INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.71 BILLION RUPEES VERSUS 12.51 BILLION RUPEES
WHEELS INDIA LTD - DIVIDEND OF 7.39 RUPEES PER SHARE
Source text for Eikon: [ID:]
Further company coverage: WHEL.NS
(([email protected];))
Jan 30 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA DEC-QUARTER CONSOL NET PROFIT 101.2 MILLION RUPEES VERSUS PROFIT 119.8 MILLION RUPEES
WHEELS INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.10 BILLION RUPEES VERSUS 10.78 BILLION RUPEES
Source text for Eikon: ID:nNSE1Nms7g
Further company coverage: WHEL.NS
(([email protected];))
Jan 30 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA DEC-QUARTER CONSOL NET PROFIT 101.2 MILLION RUPEES VERSUS PROFIT 119.8 MILLION RUPEES
WHEELS INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.10 BILLION RUPEES VERSUS 10.78 BILLION RUPEES
Source text for Eikon: ID:nNSE1Nms7g
Further company coverage: WHEL.NS
(([email protected];))
Aug 1 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA JUNE-QUARTER CONSOL NET PROFIT 98.6 MILLION RUPEES VERSUS PROFIT 101.6 MILLION RUPEES
WHEELS INDIA JUNE-QUARTER CONSOL GROSS REVENUE FROM OPERATIONS 12.07 BILLION RUPEES VERSUS 11.34 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: WHEL.NS
(([email protected];))
Aug 1 (Reuters) - Wheels India Ltd WHEL.NS:
WHEELS INDIA JUNE-QUARTER CONSOL NET PROFIT 98.6 MILLION RUPEES VERSUS PROFIT 101.6 MILLION RUPEES
WHEELS INDIA JUNE-QUARTER CONSOL GROSS REVENUE FROM OPERATIONS 12.07 BILLION RUPEES VERSUS 11.34 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: WHEL.NS
(([email protected];))
May 18 (Reuters) - Wheels India Ltd WHEL.NS:
MARCH-QUARTER CONSOL NET PROFIT 242.7 MILLION RUPEES VERSUS 267.5 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.52 BILLION RUPEES VERSUS 11.88 BILLION RUPEES
DIVIDEND 3.97 RUPEES PER SHARE
Source text for Eikon: [ID:]
Further company coverage: WHEL.NS
(([email protected];))
May 18 (Reuters) - Wheels India Ltd WHEL.NS:
MARCH-QUARTER CONSOL NET PROFIT 242.7 MILLION RUPEES VERSUS 267.5 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.52 BILLION RUPEES VERSUS 11.88 BILLION RUPEES
DIVIDEND 3.97 RUPEES PER SHARE
Source text for Eikon: [ID:]
Further company coverage: WHEL.NS
(([email protected];))
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What does Wheels India do?
Established in 1962, Wheels India is a major global player in steel wheel manufacturing. They cater to various segments including cars, commercial vehicles, tractors, and construction equipment. The company also produces air suspension kits for trucks and buses.
Who are the competitors of Wheels India?
Wheels India major competitors are Steel Strips Wheels, Enkei Wheels (India), TVS Srichakra, JK Tyres & Inds., Goodyear India, PTL Enterprises, Dolfin Rubbers. Market Cap of Wheels India is ₹6,031 Crs. While the median market cap of its peers are ₹1,604 Crs.
Is Wheels India financially stable compared to its competitors?
Wheels India seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Wheels India pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Wheels India latest dividend payout ratio is 22.76% and 3yr average dividend payout ratio is 25.64%
How has Wheels India allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is Wheels India balance sheet?
Balance sheet of Wheels India is strong. But short term working capital might become an issue for this company.
Is the profitablity of Wheels India improving?
Yes, profit is increasing. The profit of Wheels India is ₹157 Crs for TTM, ₹155 Crs for Mar 2026 and ₹111 Crs for Mar 2025.
Is the debt of Wheels India increasing or decreasing?
The net debt of Wheels India is decreasing. Latest net debt of Wheels India is ₹681 Crs as of Mar-26. This is less than Mar-25 when it was ₹715 Crs.
Is Wheels India stock expensive?
Yes, Wheels India is expensive. Latest PE of Wheels India is 36.89, while 3 year average PE is 22.67. Also latest EV/EBITDA of Wheels India is 15.58 while 3yr average is 9.26.
Has the share price of Wheels India grown faster than its competition?
Wheels India has given better returns compared to its competitors. Wheels India has grown at ~20.9% over the last 7yrs while peers have grown at a median rate of 12.93%
Is the promoter bullish about Wheels India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Wheels India is 58.31% and last quarter promoter holding is 58.31%.
Are mutual funds buying/selling Wheels India?
The mutual fund holding of Wheels India is decreasing. The current mutual fund holding in Wheels India is 5.7% while previous quarter holding is 8.9%.