WHEELS INDIAWheels India LimitedNSE:WHEELSTechnicalAnalystSucritWheels India Ltd. (CMP ₹1,067.05, NSE: WHEELS) A Chennai‑based auto components manufacturer, incorporated in 1960. Wheels India operates across steel, aluminium, and wire wheel manufacturing, serving both domestic and international OEMs. Promoter Holding (Dec 2025): TVS Group — majority stake FY22–FY26 Snapshot Revenue Growth: Q2 FY26 revenue ₹1,263.97 Cr vs ₹1,176.47 Cr in Q2 FY25 (+7.4% YoY). → Good Net Profit: Q2 FY26 PAT ₹31.8 Cr vs ₹24.4 Cr in Q2 FY25 (+30% YoY). → Good Operating Margin: Margins stable but impacted by rising input costs. → Neutral Equity Capital: Stable, no major dilution. → Good Dividend Policy: Yield ~1.2%, consistent payouts. → Good Asset Building: Investments in advanced wheel manufacturing facilities. → Good Sales: Strong demand from auto OEMs, supported by industry growth. → Good Expense: Input cost pressures remain, impacting margins. → Neutral EPS: TTM EPS ~₹55.3, reflecting profitability. → Good Institutional Interest & Ownership Trends (Dec 2025) Promoter Holding: TVS Group majority stake FII Holding: ~2.4% DII Holding: ~19.9% Retail & Others: ~30.8% Strategic Moves & Innovations Expansion in steel and aluminium wheel manufacturing. Investments in R&D and export markets. Focus on OEM partnerships and global supply chains. Strengthening product portfolio in commercial and passenger vehicle segments. Cash Flow & Balance Sheet Strength Operating cash flows supported by steady demand. Debt levels moderate, balance sheet conservative. Profit growth supports reinvestment in manufacturing capacity. Risk Factors Dependence on auto industry cycles. Exposure to raw material price volatility. Competition from domestic/global wheel manufacturers. Margin pressure from rising input costs. Investor Takeaway Wheels India has delivered steady revenue growth and strong profit expansion in FY26, backed by promoter strength from the TVS Group and robust demand from auto OEMs. While margin pressures persist due to rising costs, the company’s long‑term outlook remains positive, supported by industry growth and strategic investments in manufacturing and exports.