Wheels India (NSE:WHEELS) ROCE %: 29.08% (As of Mar. 2026)


NSE:WHEELS Wheels India Ltd NSE:WHEELS
64 GF Score
Price ₹1,674.40
GF Value ₹901.38
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Wheels India ROCE %?

Wheels India NSE:WHEELS +6.89% 64 ROCE % is 29.08% as of Mar. 2026. GuruFocus rates NSE:WHEELS with a GF Score™ of 64/100 and a GF Value™ of ₹901.38 (Significantly Overvalued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Wheels India's annualized ROCE % for the quarter that ended in Mar. 2026 was 29.08%.

Wheels India  (NSE:WHEELS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Wheels India ROCE % Related Terms

Wheels India ROCE % Historical Data

* Premium members only.

The historical data trend for Wheels India's ROCE % 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.

Wheels India ROCE % Chart

Wheels India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.79 16.04 17.30 21.51 23.73

Wheels India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.06 21.92 21.68 23.80 29.08
NSE:WHEELS
64GF Score
Wheels India Ltd NSE:WHEELS
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Wheels India ROCE % Calculation

Wheels India's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=3288.6/( ( (31884 - 18800) + (35269.3 - 20633.3) )/ 2 )
=3288.6/( (13084+14636)/ 2 )
=3288.6/13860
=23.73 %

Wheels India's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=4256.8/( ( (0 - 0) + (35269.3 - 20633.3) )/ 1 )
=4256.8/( ( 0 + 14636 )/ 1 )
=4256.8/14636
=29.08 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 29.08% mean?
Wheels India (NSE:WHEELS) has a ROCE % of 29.08% as of Mar. 2026.
Is Wheels India's ROCE % too high?
Wheels India's current ROCE % is 29.08%. The Vehicles & Parts industry median ROCE % is 7.94. Wheels India's value of 29.08% is 266.2% above this industry median. 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 ROCE % compare to ORLY and AZO?
Wheels India's ROCE % of 29.08% can be compared against companies in the Vehicles & Parts industry. The industry median ROCE % is 7.94. Wheels India's value of 29.08% is 266.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Vehicles & Parts company?
The median ROCE % among Vehicles & Parts companies is 7.94, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wheels India's current ROCE % of 29.08% is 266.2% above 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Vehicles & Parts industry, the median ROCE % is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheels India's current ROCE % is 29.08%. 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 ₹901.38, compared to a current price of ₹1,674.40 — trading 85.8% above its estimated fair value. The current ROCE % is 29.08% and 266.2% above the Vehicles & Parts industry median of 7.94. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Wheels India (NSE:WHEELS), the current ROCE % is 29.08% 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 ₹1,674.40 is trading 85.8% above its estimated GF Value™ of ₹901.38. GuruFocus considers Wheels India to be Significantly Overvalued.

Key valuation signals for NSE:WHEELS:

  • ROCE %: 29.08%
  • GF Value™: ₹901.38 vs. price of ₹1,674.40 (85.8% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 266.2% above the Vehicles & Parts median

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 Business Description

Other Exchanges 590073:India
Address M.T.H. Road, Padi, Chennai, TN, IND, 600 050
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

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,674.40
Price
₹901.38
GF Value