Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Wheels India Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,251 | 1,212 | 1,284 | 1,210 | 1,271 | 1,166 | 1,176 | 1,125 | 1,277 | 1,266 | 1,264 | 1,371 | 1,564 |
| Expenses + | 1,181 | 1,153 | 1,236 | 1,150 | 1,174 | 1,086 | 1,093 | 1,040 | 1,174 | 1,172 | 1,171 | 1,271 | 1,438 |
| Operating Profit | 70 | 58 | 48 | 60 | 97 | 79 | 83 | 85 | 103 | 94 | 93 | 100 | 126 |
| OPM % | 6% | 5% | 4% | 5% | 8% | 7% | 7% | 8% | 8% | 7% | 7% | 7% | 8% |
| Other Income + | 6 | 4 | 7 | 2 | 5 | 4 | 2 | 3 | 3 | 4 | 7 | 8 | 12 |
| Interest | 30 | 31 | 30 | 30 | 31 | 29 | 31 | 31 | 30 | 31 | 30 | 30 | 29 |
| Depreciation | 19 | 20 | 21 | 21 | 22 | 23 | 23 | 24 | 24 | 26 | 27 | 29 | 32 |
| Profit before tax | 26 | 11 | 3 | 11 | 50 | 31 | 32 | 33 | 52 | 41 | 42 | 49 | 77 |
| Tax % | 17% | 21% | -12% | 19% | 24% | 25% | 25% | 24% | 25% | 25% | 25% | 24% | 24% |
| Net Profit + | 21 | 9 | 3 | 9 | 38 | 24 | 24 | 25 | 39 | 31 | 32 | 37 | 59 |
| EPS in Rs | 9.28 | 4.07 | 1.78 | 4.14 | 15.76 | 9.66 | 9.82 | 10.25 | 15.65 | 12.23 | 12.68 | 14.76 | 23.78 |
Financials of Wheels India Ltd
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,987 | 2,173 | 2,563 | 3,441 | 2,672 | 2,413 | 3,966 | 4,640 | 4,977 | 4,744 | 5,465 |
| Expenses + | 1,815 | 1,987 | 2,364 | 3,196 | 2,500 | 2,270 | 3,712 | 4,420 | 4,711 | 4,392 | 5,052 |
| Operating Profit | 172 | 186 | 199 | 245 | 172 | 143 | 255 | 221 | 266 | 352 | 413 |
| OPM % | 9% | 9% | 8% | 7% | 6% | 6% | 6% | 5% | 5% | 7% | 8% |
| Other Income + | 2 | 4 | 23 | 8 | 8 | 2 | 16 | 26 | 16 | 11 | 31 |
| Interest | 58 | 48 | 45 | 66 | 67 | 59 | 71 | 106 | 122 | 122 | 120 |
| Depreciation | 60 | 64 | 70 | 79 | 78 | 86 | 101 | 74 | 85 | 93 | 115 |
| Profit before tax | 56 | 78 | 106 | 108 | 36 | 1 | 98 | 66 | 75 | 149 | 209 |
| Tax % | 29% | 24% | 29% | 30% | -33% | 85% | 24% | 22% | 21% | 25% | 24% |
| Net Profit + | 41 | 59 | 75 | 76 | 47 | 0 | 74 | 51 | 59 | 112 | 158 |
| EPS in Rs | 17.07 | 24.58 | 31.15 | 31.79 | 20.39 | 0.76 | 31.78 | 23.00 | 25.69 | 45.39 | 63.44 |
| Dividend Payout % | 26% | 26% | 24% | 25% | 28% | 132% | 26% | 30% | 29% | 25% | 14% |
Financials of Wheels India Ltd
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 |
| Reserves | 402 | 457 | 575 | 616 | 640 | 637 | 710 | 731 | 815 | 898 | 1,017 |
| Borrowings + | 386 | 369 | 359 | 495 | 650 | 698 | 876 | 819 | 778 | 737 | 768 |
| Other Liabilities + | 495 | 532 | 718 | 880 | 674 | 1,118 | 1,364 | 1,474 | 1,487 | 1,530 | 1,717 |
| Total Liabilities | 1,295 | 1,369 | 1,663 | 2,015 | 1,987 | 2,476 | 2,974 | 3,048 | 3,104 | 3,188 | 3,527 |
| Fixed Assets + | 518 | 526 | 557 | 710 | 753 | 883 | 903 | 1,060 | 1,149 | 1,295 | 1,506 |
| CWIP | 17 | 22 | 65 | 65 | 198 | 114 | 126 | 114 | 77 | 50 | 69 |
| Investments | 17 | 19 | 21 | 23 | 23 | 23 | 24 | 22 | 32 | 46 | 78 |
| Other Assets + | 743 | 802 | 1,019 | 1,216 | 1,013 | 1,456 | 1,921 | 1,851 | 1,845 | 1,797 | 1,874 |
| Total Assets | 1,295 | 1,369 | 1,663 | 2,015 | 1,987 | 2,476 | 2,974 | 3,048 | 3,104 | 3,188 | 3,527 |
Financials of Wheels India Ltd
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 148 | 155 | 131 | 184 | 184 | 148 | 28 | 370 | 329 | 400 | 477 |
| Cash from Investing Activity + | -69 | -75 | -135 | -230 | -242 | -118 | -120 | -152 | -150 | -213 | -292 |
| Cash from Financing Activity + | -82 | -75 | 9 | 38 | 70 | -31 | 84 | -216 | -146 | -188 | -175 |
| Net Cash Flow | -2 | 5 | 5 | -9 | 12 | -0 | -9 | 3 | 34 | -0 | 11 |
| Free Cash Flow | 74 | 78 | -64 | -50 | -60 | 29 | -94 | 217 | 179 | 192 | 203 |
| CFO/OP | 92% | 94% | 81% | 84% | 114% | 96% | 22% | 173% | 134% | 117% | 124% |
Financials of Wheels India Ltd
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 73 | 69 | 62 | 65 | 112 | 82 | 60 | 53 | 62 | 55 |
| Inventory Days | 84 | 71 | 78 | 66 | 81 | 119 | 101 | 95 | 89 | 85 | 73 |
| Days Payable | 104 | 108 | 103 | 97 | 99 | 195 | 136 | 124 | 121 | 135 | 131 |
| Cash Conversion Cycle | 44 | 37 | 44 | 31 | 46 | 36 | 46 | 31 | 21 | 12 | -3 |
| Working Capital Days | 15 | 10 | 17 | 9 | 2 | 5 | -3 | -13 | -8 | -11 | -18 |
| ROCE % | 15% | 15% | 16% | 8% | 4% | 11% | 11% | 12% | 16% | 19% |