Wheels India Limited · NSE:WHEELS
Wheels India — Investor Presentation (May 2025)
21 slides from Wheels India's investor presentation, May 2025
Slide 1: Wheels India Limited Investor Presentation Mar' 25
Wheels India Limited Investor Presentation Mar’ 25 111
Slide 2: TSF Group Overview
TSF Group Overview • Companies part of the T S Santhanam family with lineage from the erstwhile TVS Group ~$ 3 Bn. Consolidated • Diversified portfolio across Auto components, Turnover FY24 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 11 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 CHENNAI, PASSENGER EQUIPMENT WHEELS ALLUMINIUM PRODUCTS IRUNGATTUKOTT KANDIGAI, TAMIL NADU CAR WHEELS WHEELS – - 1996 WHEELS PADI - 1986 AI-
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 Pukkathurai - WTC Mambakkam - AS Thervoy Kandigai - CAW Legend CV Commercial Vehicles TR Tractor LP Light Passenger Vehicle EM Earth mover Wheels AS
Slide 9: Key Customers
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Slide 10: Accreditations/Awards
Accreditations/Awards Supplier of the year award at TAFE ISO 14001: 2015 & ISO 45001:2018 Certification ISO 9001:2015 CERTIFICATION IATF 16949 Certification 10
Slide 11: Accreditations/Awards contd…
Accreditations/Awards contd… Partnership and Quality Award from Escorts Award for Cybersecurity from MSIL Kubota Limited Quality Award from the Engineering Export ACMA Excellence Award in Digitalization, Promotion Council of India (EEPC) Manufacturing & ESG 11
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
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 2215.94 Q4 2024-25 Sales 1194.82 2020-21 2021-22 2022-23 2023-24 2024-25 Export 333.55 (27.92%) Export sales FY 24-25 Sales 4424.86 1215.91 1119.16 Exports 1119.16 1000.65 976.20 (25.29%) 566.01 25.54% 27.04% 2
Slide 14: Q4 FY25 Summary Financials
Q4 FY25 Summary Financials Values in INR Cr / % Qua rter ended Key Fi na nci a l s GOLY% Q4 FY 25 Q4 FY 24 Gross revenues 1,194.82 1,167.46 2.3% EBITDA 99.43 96.62 2.9% Interest 28.29 27.13 4.3% Depreciation 22.72 20.29 12.0% PBT 48.42 49.20 -1.6% PAT 35.99 36.83 -2.3% EBITDA % 8.30% 8.27% PBT% 4.03
Slide 15: FY25 Summary Financials
FY25 Summary Financials Values in INR Cr / % Yea r ended Key Fi na nci a l s GOLY% 31.03.2025 31.03.2024 Gross revenues 4,424.86 4,619.03 -4.2% EBITDA 336.31 276.35 21.7% Interest 109.87 108.48 1.3% Depreciation 85.54 78.85 8.5% PBT 140.90 89.02 58.3% PAT 105.85 67.87 56.0% EBITDA % 7.60% 5.98% PBT%
Slide 16: Segment Revenue Q4 FY25
Segment Revenue Q4 FY25 Values in INR Cr / % Segmental Revenue Q4 FY 25 Q4 FY 24 GOLY % Automotive components 961 952 1% Industrial components 231 212 9% Revenue from operations 1,192 1,164 2% Segmental EBIT Q4 FY 25 Q4 FY 24 GOLY % Automotive components 65.96 60.86 8% Industrial components 10.75 15
Slide 17: Segment Revenue FY25
Segment Revenue FY25 Values in INR Cr / % Segmental Revenue 24-25 23-24 GOLY % Automotive components 3,574 3,783 -6% Industrial components 841 824 2% Revenue from operations 4,415 4,607 -4% Segmental EBIT 24-25 23-24 GOLY % Automotive components 214.83 160.21 34% Industrial components 35.95 37.29 -4
Slide 18: Capex
Capex Values in INR Cr 249.68 148.13 141.53 129.63 111.86 2020-21 2021-22 2022-23 2023-24 2024-25 Capex FY25 Capex in FY25 was on tractor wheel project, expansion of alloy wheel capacity, machining capacity for large wind mill castings, hydraulic cylinders apart from funding cost reduction projects.
Slide 19: Funding metrics
Funding metrics Values in INR Cr/multiples DEBT Debt Equity 1.26 1.08 811.06 1.02 755.20 708.52 704.10 0.93 609.17 0.84 2020-21 2021-22 2022-23 2023-24 2024-25 2020-21 2021-22 2022-23 2023-24 2024-25 During FY 25 debt has declined marginally Debt equity has dropped further in FY 25. Debt to EBITDA 1
Slide 20: Key strategies & focus areas, going forward…. ROCE & RONW
Key strategies & focus areas, going forward …. ROCE & RONW Percentage Grow exports of wheels for construction equipment and agricultural tractors Ramp-up the expanded facility for machining of large castings for windmills Grow the hydraulic cylinder business Ramp-up cast aluminium wheel busi
Slide 21: Thank you
Thank you 21