|
25 Apr 2017
|
Wheels
|
ICICI Securities Limited
|
808.30
|
|
1343.15
(-39.82%)
|
|
Mgmt Note
|
|
|
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...
|
|
18 Jan 2016
|
Wheels
|
HDFC Securities
|
808.30
|
|
978.35
(-17.38%)
|
|
Buy
|
|
|
Buy Steel Strips Wheels India Ltd CMP at Rs.345 and add on dips to Rs.300 - Rs.315 for the target of Rs.402 - Rs.430
|
|
16 Sep 2015
|
Wheels
|
Way2Wealth
|
808.30
|
|
1170.00
(-30.91%)
|
|
|
|
|
40% Market share in India: Wheels India (WIL) is a leading manufacturer of steel wheels in India with ~40% market share in the domestic 4W industry. Currently TVS group holds 40% stake in company followed by Titan Europe...
|