Wheels India Limited
Wheels India Limited, together with its subsidiary, engages in the manufacture and sale of automotive and industrial components in India and internationally. The company provides steel, cast aluminum, forged aluminum, and wire wheel for use in passenger and light cargo vehicles, trucks, trailers, buses, agriculture and farm equipment, off-road vehicles, and defense vehicles; vehicle chassis and s… Read more
Wheels India Limited (WHEELS) - Net Assets
Latest net assets as of September 2025: ₹9.75 Billion INR
Based on the latest financial reports, Wheels India Limited (WHEELS) has net assets worth ₹9.75 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹33.06 Billion) and total liabilities (₹23.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹9.75 Billion |
| % of Total Assets | 29.5% |
| Annual Growth Rate | 10.45% |
| 5-Year Change | 37.12% |
| 10-Year Change | 125.65% |
| Growth Volatility | 9.28 |
Wheels India Limited - Net Assets Trend (2006–2025)
This chart illustrates how Wheels India Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wheels India Limited (2006–2025)
The table below shows the annual net assets of Wheels India Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹9.32 Billion | +9.84% |
| 2024-03-31 | ₹8.49 Billion | +9.23% |
| 2023-03-31 | ₹7.77 Billion | +3.53% |
| 2022-03-31 | ₹7.51 Billion | +10.40% |
| 2021-03-31 | ₹6.80 Billion | -0.69% |
| 2020-03-31 | ₹6.85 Billion | +3.24% |
| 2019-03-31 | ₹6.63 Billion | +8.74% |
| 2018-03-31 | ₹6.10 Billion | +30.51% |
| 2017-03-31 | ₹4.67 Billion | +13.10% |
| 2016-03-31 | ₹4.13 Billion | +8.44% |
| 2015-03-31 | ₹3.81 Billion | +4.81% |
| 2014-03-31 | ₹3.64 Billion | +40.46% |
| 2013-03-31 | ₹2.59 Billion | +7.66% |
| 2012-03-31 | ₹2.40 Billion | +10.52% |
| 2011-03-31 | ₹2.18 Billion | +8.57% |
| 2010-03-31 | ₹2.00 Billion | +4.04% |
| 2009-03-31 | ₹1.93 Billion | +8.39% |
| 2008-03-31 | ₹1.78 Billion | +11.12% |
| 2007-03-31 | ₹1.60 Billion | +13.26% |
| 2006-03-31 | ₹1.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wheels India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 326130000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹3.26 Billion | 35.37% |
| Common Stock | ₹244.30 Million | 2.65% |
| Other Comprehensive Income | ₹4.11 Billion | 44.57% |
| Other Components | ₹1.60 Billion | 17.40% |
| Total Equity | ₹9.22 Billion | 100.00% |
Wheels India Limited Competitors by Market Cap
The table below lists competitors of Wheels India Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank Danamon Indonesia Tbk
JK:BDMN
|
$110.04 Million |
|
Lim Seong Hai Capital Berhad
KLSE:0351
|
$110.05 Million |
|
Aurona Industries
TWO:8074
|
$110.06 Million |
|
MMTEC Inc
NASDAQ:MTC
|
$110.07 Million |
|
Value Added Technology Co. Ltd
KQ:043150
|
$109.99 Million |
|
Whitefield Income Ltd
AU:WHI
|
$109.96 Million |
|
Quad Graphics Inc
NYSE:QUAD
|
$109.95 Million |
|
Tupy S.A
SA:TUPY3
|
$109.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wheels India Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,397,500,000 to 9,220,000,000, a change of 822,500,000 (9.8%).
- Net income of 1,109,000,000 contributed positively to equity growth.
- Dividend payments of 289,500,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.11 Billion | +12.03% |
| Dividends Paid | ₹289.50 Million | -3.14% |
| Other Comprehensive Income | ₹4.10 Million | +0.04% |
| Other Changes | ₹-1.10 Million | -0.01% |
| Total Change | ₹- | 9.79% |
Book Value vs Market Value Analysis
This analysis compares Wheels India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 24.07x to 2.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹39.63 | ₹953.95 | x |
| 2007-03-31 | ₹44.89 | ₹953.95 | x |
| 2008-03-31 | ₹49.88 | ₹953.95 | x |
| 2009-03-31 | ₹54.06 | ₹953.95 | x |
| 2010-03-31 | ₹56.25 | ₹953.95 | x |
| 2011-03-31 | ₹61.07 | ₹953.95 | x |
| 2012-03-31 | ₹67.49 | ₹953.95 | x |
| 2013-03-31 | ₹72.66 | ₹953.95 | x |
| 2014-03-31 | ₹173.16 | ₹953.95 | x |
| 2015-03-31 | ₹158.35 | ₹953.95 | x |
| 2016-03-31 | ₹171.71 | ₹953.95 | x |
| 2017-03-31 | ₹194.19 | ₹953.95 | x |
| 2018-03-31 | ₹243.77 | ₹953.95 | x |
| 2019-03-31 | ₹266.09 | ₹953.95 | x |
| 2020-03-31 | ₹275.81 | ₹953.95 | x |
| 2021-03-31 | ₹274.55 | ₹953.95 | x |
| 2022-03-31 | ₹304.88 | ₹953.95 | x |
| 2023-03-31 | ₹317.55 | ₹953.95 | x |
| 2024-03-31 | ₹343.69 | ₹953.95 | x |
| 2025-03-31 | ₹377.36 | ₹953.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wheels India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.34%
- • Asset Turnover: 1.49x
- • Equity Multiplier: 3.46x
- Recent ROE (12.03%) is above the historical average (10.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 18.68% | 3.13% | 1.72x | 3.47x | ₹122.50 Million |
| 2007 | 16.28% | 2.59% | 1.75x | 3.59x | ₹100.40 Million |
| 2008 | 14.56% | 2.29% | 1.55x | 4.10x | ₹80.95 Million |
| 2009 | 10.98% | 1.88% | 1.42x | 4.12x | ₹18.96 Million |
| 2010 | 6.46% | 1.04% | 1.44x | 4.31x | ₹-70.84 Million |
| 2011 | 11.32% | 1.47% | 1.76x | 4.39x | ₹28.82 Million |
| 2012 | 14.29% | 1.83% | 1.73x | 4.50x | ₹103.07 Million |
| 2013 | 12.31% | 1.84% | 1.60x | 4.19x | ₹59.91 Million |
| 2014 | 7.81% | 1.56% | 1.61x | 3.11x | ₹-79.48 Million |
| 2015 | 7.80% | 1.50% | 1.59x | 3.26x | ₹-83.66 Million |
| 2016 | 9.95% | 2.04% | 1.56x | 3.13x | ₹-1.91 Million |
| 2017 | 12.89% | 2.77% | 1.58x | 2.94x | ₹135.28 Million |
| 2018 | 12.80% | 3.18% | 1.42x | 2.83x | ₹164.18 Million |
| 2019 | 11.95% | 2.43% | 1.56x | 3.15x | ₹124.76 Million |
| 2020 | 7.39% | 1.97% | 1.25x | 2.99x | ₹-173.13 Million |
| 2021 | 0.28% | 0.08% | 0.90x | 3.75x | ₹-642.49 Million |
| 2022 | 10.42% | 1.93% | 1.33x | 4.05x | ₹31.01 Million |
| 2023 | 7.24% | 1.19% | 1.54x | 3.94x | ₹-210.67 Million |
| 2024 | 7.47% | 1.26% | 1.60x | 3.70x | ₹-212.05 Million |
| 2025 | 12.03% | 2.34% | 1.49x | 3.46x | ₹187.00 Million |
Industry Comparison
This section compares Wheels India Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $13,046,583,226
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wheels India Limited (WHEELS) | ₹9.75 Billion | 18.68% | 2.39x | $110.00 Million |
| Apollo Tyres Limited (APOLLOTYRE) | $34.01 Billion | 18.01% | 1.52x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |