Wheels India Ltd (NSE:WHEELS)
₹ 1,466.1 +23.5 (+1.63%) Market Cap: 35.76 Bil Enterprise Value: 43.49 Bil PE Ratio: 21.90 PB Ratio: 3.44 GF Score: 68/100

Q4 2026 Wheels India Ltd Earnings Call Transcript

May 15, 2026 / 10:00AM GMT
Release Date Price: ₹1467.3 (+10.32%)

Key Points

Positve
  • Wheels India Ltd (BOM:590073) reported a strong Q4 with a 23% growth in revenue and a 45% improvement in PAT.
  • The company achieved a milestone by crossing 5,000 crores in annual revenue for the first time, marking a 16% growth year-over-year.
  • Exports have been performing well, contributing significantly to the company's growth, with 1,342 crores in exports for the year.
  • The company has successfully turned around its subsidiary, which was loss-making two years ago, contributing positively to the current year's performance.
  • Wheels India Ltd (BOM:590073) has maintained stable to declining debt levels, with improved debt equity and debt to EBITDA ratios, alongside strong free cash flows.
Negative
  • The company faces challenges from the West Asia crisis, which has led to increased fuel and commodity costs, impacting profitability.
  • Visibility on future growth is limited due to geopolitical uncertainties and fluctuating commodity prices.
  • The company has had to make aggressive inventory provisions, impacting other expenses and potentially affecting short-term profitability.
  • There is a cautious outlook on the impact of rising interest rates, which could affect finance costs.
  • Despite strong performance, the company acknowledges the need for increased visibility and engagement with analysts and investors.
Operator

Ladies and gentlemen, good day and welcome to Wheels India Limited's Q4 FY26 earnings conference call hosted by ICICI Securities.

(Operator Instructions)

I now hand the conference over to Mr. Ronak Mehta from ICICI Securities.

Thank you and over to you Mr. Mehta.

Ronak Mehta
Wheels India Ltd - Investor Relations

Good afternoon, everyone. On behalf of ICICI Securities, we would like to welcome you all to Wheels India Q4 and FY26 earnings conference call. Today we have with us from the management team, Mr. Srivats Ram, Managing Director; Mr. P. Ramesh and Chief Financial Officer.

We'll start the call with a brief opening remarks from the management team and then we'll proceed with a Q&A session. Thank you and over to you, sir.

Thank you.

Srivats Ram
Wheels India Ltd - Chief Executive Officer

Yeah, good afternoon everyone and welcome to Wheels India's Q4 and full year earnings call. We have a presentation, I hope you can all see it. As an overview, we are part of

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