Wheels India Limited · NSE:WHEELS
Wheels India — Q3 FY26 Earnings Presentation
21 slides from Wheels India's earnings presentation, January 2026
Slide 1: Wheels India Limited Investor Presentation Q3 FY26
Wheels India Limited Investor Presentation Q3 FY26 111
Slide 2: TSF Group Overview
TSF Group Overview • Companies part of the T S Santhanam family with lineage from the erstwhile TVS Group ~$3.2 Bn. Consolidated • Diversified portfolio across Auto components, Turnover FY25 Dealerships & Distribution and Financial services 1936 Since 15 • Global supply chain partner with strong 36+
Slide 3: TSF Group Companies
TSF Group Companies TSF Group Auto Components Auto Distribution & Dealerships Finance and Insurance Brakes India Sundaram Finance India Motor Parts & Accessories Wheels India Limited Royal Sundaram General Insurance Turbo Energy Sundaram Motors Sundaram Home Finance Axles India Madras Auto Sundaram
Slide 4: Promoters & Value system of TSF
Promoters & Value system of TSF ▪ Wheels India Limited (WIL) is part of the TSF Group and was established in 1960. ▪ WIL is a listed Company, wherein Promoters hold 58.31 % of the equity capital. ▪ Value systems of WIL are Relationships, Integrity, Customer Centricity and Excellence. 4
Slide 5: Wheels India Ltd - Company Profile
Wheels India Ltd - Company Profile Tractor & Earth mover wheels Automotive - Steel & Aluminium Wheels 1960 Establishment Components for Wind Turbines Air suspension & Lift axles ~8,700 Workforce 10 Units Manufacturing plants Fab Sector Hydraulic Cylinders $ 520 Million $ 130 Million (Exports) WIL Ca
Slide 6: Journey of Wheels
Journey of Wheels WIL RENEWABLE CAST ALLOY ESTABLISHED CHASSIS AND ENERGY WHEELS PLANT, AT PADI, CONSTRUCTION EARTHMOVER FORGED SUSPENSION COMPONENTS, THERVOY AGRI CHENNAI, PASSENGER EQUIPMENT WHEELS ALLUMINIUM PRODUCTS IRUNGATTUKOTT KANDIGAI, WHEELS TAMIL NADU CAR WHEELS WHEELS – - 1996 WHEELS PADI
Slide 7: Manufacturing Capability
Manufacturing Capability Passenger Car / UV Car / UV Wire Wheels CV – Tube type Commercial Vehicle CV - Tubeless Forged Aluminium Wheels Aluminium Wheels Cast Aluminium Wheels Off Road & Tractor Wheels Tractor Construction wheels Air Air Suspension Suspension Lift Axles Fab & Fabrication for CE Hydr
Slide 8: Plant Locations
Plant Locations Padi - CV, TR, LP, EM, AS, WW & Rampur - CV , LP , EM & TR Pune - CV, TR & LP Sriperumbudur - EM, SPDC & AS FAW Namachivayapuram - FAB Irungattukottai - WTC Pukkathurai - WTC Thervoy Kandigai - CAW Legend CV Commercial Vehicles TR Tractor LP Light Passenger Vehicle EM Earth mover Whe
Slide 9: Key Customers
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Slide 10: Accreditations/Awards
Accreditations/Awards Won the Best Supplier Award at Award for Cybersecurity from TAFE MSIL Partnership and Quality Award from Best Overall Partnership and Escorts Kubota Limited Collaboration award at VECV 10
Slide 11: Accreditations/Awards contd…
Accreditations/Awards contd… ACMA Excellence Award in Digitalization, Quality Award from the Engineering Export Manufacturing & ESG Promotion Council of India (EEPC) Komatsu John Deere Caterpillar Best Performance Supplier of the Supplier in Quality for year (2025) Excellence (2025) Dump Truck (2025
Slide 12: Business Overview
Business Overview WIL a leader in automotive wheels business, operates in two business segments, namely automotive products and industrial products. WIL has the following businesses in its fold; ▪ Automotive wheels division – cars, truck and tractors ▪ Construction equipment division comprising whee
Slide 13: Sales growth & Export sales growth
Sales growth & Export sales growth Sales Values in INR Cr 4619.03 4355.56 4424.86 3701.07 Q3 2025-26 2215.94 Sales 1287.18 Export 319.40 2020-21 2021-22 2022-23 2023-24 2024-25 (24.81%) YTD Dec FY 26 Export sales Sales 3653.06 1215.91 Export 941.80 1119.16 1000.65 (25.78%) 976.20 566.01 25.54% 27.04
Slide 14: Q3 FY26 Summary Financials
Q3 FY26 Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% Q3 FY 26 Q3 FY 25 31-03-2025 Gross revenues 1,287.18 1,057.66 4,424.86 21.7% EBITDA 97.68 79.85 336.31 22.3% Interest 28.36 28.10 109.87 0.9% Depreciation 26.75 21.55 85.54 24.1% PBT 42.57 30.20 140.90 41.0
Slide 15: YTD Dec25 Summary Financials
YTD Dec25 Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% YTD Dec'25 YTD Dec'24 31-03-2025 Gross revenues 3,653.06 3,230.04 4,424.86 13.1% EBITDA 276.95 236.88 336.31 16.9% Interest 84.63 81.58 109.87 3.7% Depreciation 76.70 62.82 85.54 22.1% PBT 115.62 92.48 14
Slide 16: Segment details Q3 FY26
Segment details Q3 FY26 Values in INR Cr / % Segmental Revenue Q3 FY 26 Q3 FY 25 GOLY % Automotive components 1,023 848 21% Industrial components 258 208 24% Revenue from operations 1,280 1,057 21% Segmental EBIT Q3 FY 26 Q3 FY 25 GOLY % Automotive components 63.50 47.63 33% Industrial components 7.
Slide 17: Segment details YTD Dec25
Segment details YTD Dec25 Values in INR Cr / % Segmental Revenue YTD Dec'25 YTD Dec'24 GOLY % Automotive components 2,958 2,614 13% Industrial components 678 610 11% Revenue from operations 3,636 3,223 13% Segmental EBIT YTD Dec'25 YTD Dec'24 GOLY % Automotive components 179.47 148.87 21% Industrial
Slide 18: Capex
Capex Values in INR Cr Capex 280.00 249.68 148.13 141.53 129.63 2021-22 2022-23 2023-24 2024-25 2025-26 Capex FY26 Capex of FY26 is mainly towards expanding capacity for windmill products, machining of large castings, automotive aluminium & steel wheels and hydraulic cylinders, apart from certain ro
Slide 19: Key metrics (standalone)
Key metrics (standalone) Values in INR Cr / % DEBT Debt Equity 1.26 1.08 811.06 0.93 755.20 0.84 0.77 708.52 704.10 696.56 2021-22 2022-23 2023-24 2024-25 2025-26 Q3 2021-22 2022-23 2023-24 2024-25 2025-26 Q3 Debt is maintained at FY25 levels. Debt equity is dropped in Q3FY26. 111.27 Debt to EBITDA
Slide 20: Key strategies & focus areas, going forward …ROCE & RONW
Key strategies & focus areas, going forward …ROCE & RONW ▪ Grow exports of wheels for construction equipment and agricultural tractors ▪ Ramp-up the expanded facility for machining of large castings for windmills; Also Step up the capacity and volumes of the fabricated, structural parts for windmill
Slide 21: Thank you
Thank you 21