Wheels India Peer Comparison

NSE: WHEELS | BSE: 590073

₹1,487.10

₹-12.20 (-0.81%)

As on 26-Aug-2026IST

Market cap

₹3,637 Cr

Revenue (TTM)

₹5,690 Cr

P/E Ratio

22.2

P/B Ratio

3.4

Div. Yield

1 %

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	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Market cap (₹ Cr)	3,637	13,148	12,396	5,554	4,558
Revenue (₹ Cr)	5,690	5,208	9,497	2,932	5,506
Net Profit (₹ Cr)	156.62	381.78	195.67	263.00	212.24
Net Margin (%)	2.74	7.26	2.06	8.91	3.85
RoE (%)	16.31	29.66	26.17	22.91	12.08
Price to Earnings	22.25	40.57	62.84	21.12	21.45
Price-To-Book	3.37	10.05	6.68	4.34	2.53

Income Statement (₹ Cr)

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Operating Revenue	5,464.94	4,870.33	8,890.49	2,815.61	4,429.00
Total Income	5,487.72	4,916.75	8,916.80	2,836.40	4,432.17
Total Expenditure	5,052.12	4,211.32	8,069.46	2,419.69	3,944.66
EBITDA	412.82	659.01	821.04	395.91	484.34
Depreciation	115.28	179.06	331.71	72.49	111.13
EBIT	297.54	479.95	489.33	323.43	373.21
Interest	119.76	105.96	134.22	2.79	117.24
Other Income	22.78	46.42	26.31	20.79	3.17
Exceptional Items	--	-14.50	-43.69	3.75	--
Profit before Tax	209.10	405.92	341.46	341.43	258.99
Provision for Tax	51.05	68.78	111.62	85.83	63.71
Profit after Tax	158.05	337.15	229.83	255.60	195.28

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Shareholder's Funds	1,041.46	1,210.22	1,780.34	1,215.01	1,625.68
Minority Interest	13.47	265.77	37.85	--	--
Non-Current Liabilities	395.91	596.36	422.53	86.94	402.62
Current Liabilities	2,063.33	1,874.60	2,627.19	398.58	1,370.61
Total Liabilities	3,514.17	3,946.94	4,867.91	1,700.54	3,398.91

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Non-Current Assets	1,709.89	1,965.12	2,550.66	660.85	2,123.35
Current Assets	1,804.28	1,977.06	2,317.24	1,039.69	1,275.56
Total Assets	3,514.17	3,946.94	4,867.91	1,700.54	3,398.91
Total Debt*	689.66	998.60	737.70	0.00	827.64
Net Current Assets	-259.05	102.46	-309.94	641.11	-95.05
Contingent Liabilities	48.56	36.07	218.26	2.16	92.02

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Cash From Operating Activities	477.35	460.16	536.80	161.28	516.64
Cash Flow from Investing Activities	-291.70	-280.48	-122.98	-97.15	-195.74
Cash from Financing Activities	-174.76	-169.95	-405.49	-84.15	-353.68
Net Cash Inflow / Outflow	10.89	9.73	8.34	-20.02	-32.79

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
ROCE (%)	19.47	26.17	18.91	30.55	15.78
ROE (%)	16.10	31.44	13.74	22.69	13.55
ROA (%)	4.72	9.39	4.86	16.36	5.84
EBIT Margin (%)	7.97	14.48	9.53	14.80	11.01
Net Margin (%)	2.88	6.86	2.58	9.01	4.41
Cash Profit Margin (%)	5.00	10.50	6.28	11.60	6.92

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Revenue Growth (%)	15.19	33.92	9.03	16.22	1.65
EBIT Growth (%)	21.97	36.62	5.07	23.17	2.06
Net Profit Growth (%)	40.88	47.12	229.86	24.70	-71.06
EPS Growth (%)	39.77	56.86	267.51	24.72	-71.06
Book Value Growth (%)	12.96	29.48	13.75	17.03	13.23

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Price / Earnings	15.71	37.23	31.78	19.72	14.29
Price / Book Value	2.34	8.58	4.02	4.15	1.82
Dividend Yield (%)	1.45	0.36	0.32	2.09	0.70
EV/EBITDA	7.16	16.00	9.10	11.42	7.40
Market Cap (₹ Cr)	2,434.63	10,382.57	7,152.40	5,039.38	2,790.27

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Debt to Equity	0.66	0.83	0.41	0.00	0.54
Short term debt to equity ratio	0.28	0.37	0.26	--	0.28
Current Ratio	0.87	1.05	0.88	2.61	0.93
Quick Ratio	0.51	0.83	0.53	1.94	0.39
Interest Coverage	2.75	4.83	3.54	123.52	3.21

	Wheels India	Lumax Auto	Varroc Engineering	Fiem	Steel Strips Wheel
Debtors to sales (%)	14.96	20.84	8.26	13.76	10.98
Asset Turnover	1.63	1.37	1.89	1.81	1.32
Receivable days	54.05	67.09	28.87	40.63	38.16
Inventory Days	50.61	28.90	34.01	32.27	59.32
Payable days	125.04	94.32	89.03	55.17	86.39
Cash Conversion Cycle	-20.38	1.67	-26.15	17.73	11.10

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.