Wheels IndiaNSE:WHEELS +0.66%64 Interest Coverage is 3.24 as of Mar. 2026, which is 52% above its 10-year median of 2.13. GuruFocus rates NSE:WHEELS with a GF Score™ of 64/100 and a GF Value™ of ₹903.72 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,067 Vehicles & Parts companies, Wheels India ranks worse than 78.26% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Wheels India's
Operating Income
for the
three
months ended in Mar. 2026 was ₹944 Mil. Wheels India's Interest Expense for the
three
months ended in Mar. 2026 was ₹-291 Mil.
Wheels India's interest coverage for the quarter that ended in Mar. 2026 was 3.24.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Wheels India's Interest Coverage or its related term are showing as below:
NSE:WHEELS'
s Interest Coverage Range Over the Past 10 Years
Min: 1.01 Med: 2.13 Max: 2.93
Current: 2.48
NSE:WHEELS's Interest Coverage is ranked worse than 78.26% of 1067
companies
in the Vehicles & Parts industry
Industry Median: 8.31
vs NSE:WHEELS: 2.48
Wheels India (NSE:WHEELS) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Wheels India Interest Coverage Related Terms
Wheels India Interest Coverage Historical Data
* Premium members only.
The historical data trend for Wheels India's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NSE:WHEELS vs ORLY, AZO: Interest Coverage Comparison
For the Auto Parts subindustry, Wheels India's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Wheels India Interest Coverage vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Wheels India's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Wheels India's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Wheels India (NSE:WHEELS) has a Interest Coverage of 3.24 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Wheels India and its competitors. This is 52% above median its historical median of 2.13. Over the past decade, Wheels India's Interest Coverage has ranged from 1.01 to 2.93. According to the industry distribution chart, Wheels India ranks #835 out of 1067 companies in the Vehicles & Parts industry, placing it in the top 78.3%.
Is Wheels India's Interest Coverage too high?
Wheels India's current Interest Coverage of 3.24 is 52% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 2.93. The Vehicles & Parts industry median Interest Coverage is 8.31. Wheels India's value of 3.24 is 61% below this industry median. Based on the distribution chart, Wheels India ranks #835 out of 1067 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Wheels India has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wheels India's Interest Coverage compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Wheels India ranks #835 out of 1067 companies for Interest Coverage. This places Wheels India in the lower half of its industry. The industry median Interest Coverage is 8.31. Wheels India's value of 3.24 is 61% below this benchmark. Historically, Wheels India's own Interest Coverage has ranged from 1.01 to 2.93 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 8.31, Wheels India has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Vehicles & Parts company?
The median Interest Coverage among Vehicles & Parts companies is 8.31, based on 1,067 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wheels India's current Interest Coverage of 3.24 is 61% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Wheels India and its competitors. For the Vehicles & Parts industry, the median Interest Coverage is 8.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheels India's current Interest Coverage is 3.24, which is 52% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wheels India stock overvalued right now?
Based on GuruFocus' analysis, Wheels India (NSE:WHEELS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹903.72, compared to a current price of ₹1,624.20 — trading 79.7% above its estimated fair value. The current Interest Coverage is 3.24, which is 52% above median its 10-year median of 2.13 and 61% below the Vehicles & Parts industry median of 8.31. Wheels India's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Wheels India (NSE:WHEELS), the current Interest Coverage is 3.24 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Wheels India (NSE:WHEELS) Overvalued in 2026?
Based on GuruFocus' analysis, Wheels India stock appears to be overvalued.
The current stock price of ₹1,624.20 is trading 79.7% above its estimated GF Value™ of ₹903.72.
GuruFocus considers Wheels India to be Significantly Overvalued.
Key valuation signals for NSE:WHEELS:
Interest Coverage: 3.24 (52% above median its 10-year median of 2.13)
GF Value™: ₹903.72 vs. price of ₹1,624.20 (79.7% above fair value)
Industry Position: 61% below the Vehicles & Parts median (#835 of 1067)
No single metric tells the full story. See the NSE:WHEELS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into the Automotive Components and Industrial Components segments. The automotive components segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors, and construction equipment; however, the group is also engaged in the manufacturing of suspension products for the vehicles. The industrial components segment includes components and structures for windmills, railways, and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.
64GF Score
Get the complete analysis for NSE:WHEELS
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:WHEELS has been successfully added to your 
