754.9000 -9.45 (-1.24%)
NSE Aug 22, 2025 15:31 PM
Volume: 12,520
 

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Wheels India Ltd.
25 Apr 2017
754.90
-1.24%
ICICI Securities Limited
We recently met the management of Wheels India (WIL) to understand its business model. WIL is a part of the TVS group (holding 40.8%) and is among the largest steel wheel rims manufacturers in the world. It has an aggregate capacity of >15 mn wheels & caters to CV (accounting ~28% of sales), PV (~21% of sales) & tractors (~15% of sales). Despite the increasing trend of cast aluminium wheels in PV space, the management believes that the margins & ROI generated on them are not attractive. However, the management believes that forged aluminium wheels have...
Wheels India Ltd. is trading above its 200 day SMA of 703.1
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