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| Name of Company | Wheels India Ltd |
| BSE Code | 590073 |
| NSE Code | |
| ICICI Code | |
| Established | Early 60's |
| My Take | So-So |
| Headquarters | Chennai |
| Promoters | TVS group |
| Story | Has plants at Padi(TN), Pune, Rampur, Bawal, Sriperumbudur, Pantnagar and employs 1900 people. It has an annual capacity of 10 million wheels. 2/3rd market share in domestic market. 18% of revenue is from exports. |
| Sector | Auto anciliary (wheels) |
| Sub-sector | Steel wheels for commercial vehicles, cars, tractors & construction equipment |
| Website | |
| Positives | Reserves of 190 Cr as of FY10. Regular dividend payer – can expect more than 1.3% at current prices. |
| Negatives | NPMs of just 1-2%(Bosch has NPM of 12-15%, TI and Sundaram at 5%, Motherson Sumi around 10%). Promoter holds 85% |
| Peers | Bosch, Sundaram Fastners, TI, Motherson Sumi |
| News | |
| Price @ blogged | 297.50 (3-Nov-10) |
| Cost of company | 293 Cr market cap for a FY10 net profit of 13 Cr seems costly for a 1% NPM and moderately growing company. Sure buy at lesser prices. |
Nov 4, 2010
Wheels India Ltd -590073
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