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NSEOct 29, 2020 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2017-04-25||Wheels India Ltd.||ICICI Securities Limited||1343.15||1343.15 (-71.08%)||Mgmt Note|
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...
|2016-01-18||Wheels India Ltd.||HDFC Securities||978.35||978.35 (-60.30%)||Buy|
|2015-09-16||Wheels India Ltd.||Way2Wealth||1170.00||1170.00 (-66.80%)|
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...