WHEELS
Wheels India Limited
Each stock's 10,000-path forecast, rendered as light.
Wheels India Limited (WHEELS) Stock Analysis & Case Study
Is WHEELS a good buy? The data-driven verdict.
Wheels India Limited (WHEELS) trades at ₹1,430,on the numbers it worth a closer look, a Downstox Snapshot Score of 61/100.
On the numbers, Wheels India Limited (WHEELS) worth a closer look, a Downstox Snapshot Score of 61/100, weighing fairly valued at 21.4× earnings, ROE of 15.8%, a 52% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
WHEELS fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How WHEELS ranks against the 2,373 companies in our screener
- WHEELS's market cap of 3,388 Cr ranks in the 59th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WHEELS's book value of ₹426 ranks in the 87th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WHEELS's promoter holding of 58.3% ranks in the 48th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WHEELS's 3-year profit (PAT) growth of 41.0% ranks in the 79th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WHEELS's 3-year revenue growth of 6.0% ranks in the 38th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WHEELS's debt-to-equity ratio of 0.74x is lower than 23% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is WHEELS overvalued? WHEELS P/E vs peers
WHEELS trades at 21.4× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
WHEELS share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of WHEELS history (8%/yr drift, 40%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| WHEELS 2027 | ₹846 | ₹1,410 | ₹2,351 | +2% |
| WHEELS 2028 | ₹694 | ₹1,434 | ₹2,963 | +3% |
| WHEELS 2029 | ₹599 | ₹1,458 | ₹3,551 | +5% |
| WHEELS 2030 | ₹535 | ₹1,483 | ₹4,109 | +7% |
| WHEELS 2031 | ₹490 | ₹1,507 | ₹4,638 | +9% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability WHEELS goes up, or doubles?
The bull case for WHEELS
- WHEELS's P/E of 20.7x is lower than 61% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WHEELS's return on equity of 15.8% ranks in the 74th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- WHEELS's return on capital employed of 18.8% ranks in the 77th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,551.
The bear case & risks
- No model or past record guarantees future returns, treat this as one input, not a decision.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹599.
WHEELS volatility & expected range, how bumpy is the ride?
Over the last 9.8 years WHEELS compounded at 8%/year with annualized volatility of 40%. That volatility implies a 1-year 80% range of ₹846-₹2,351, the honest backbone behind any single price target.
WHEELS price forecast, the full 60-month probability fan
WHEELS price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds WHEELS hits common targets within the simulated horizon?
Full multi-horizon detail on the WHEELS price target & forecast page.
WHEELS Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. WHEELS scores 6/8, mixed financial health.
WHEELS MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy WHEELS with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 35.65% | 2.8× |
| ZerodhaCHEAPEST | 35.62% | 2.8× |
| Groww | 35.82% | 2.8× |
| Dhan | 40.00% | 2.5× |
| Kotak Neo | 100.00% | 1.0× |
| Paytm Money | 35.94% | 2.8× |
| Pocketful | 35.92% | 2.8× |
| Anand RathiCHEAPEST | 35.62% | 2.8× |
| Bajaj Broking | 50.00% | 2.0× |
| Share India | 35.77% | 2.8× |
Compare every broker on the WHEELS MTF page.
About Wheels India Limited: sector, index & market-cap context
Wheels India Limited (WHEELS) is a small-cap NSE-listed company, with a market capitalisation of ₹3,494 Cr. See more stocks on our screener.
How the WHEELS Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Wheels India Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
WHEELS analysis, FAQs
Is Wheels India Limited (WHEELS) a good buy?
On the numbers, Wheels India Limited (WHEELS) worth a closer look, a Downstox Snapshot Score of 61/100, weighing fairly valued at 21.4× earnings, ROE of 15.8%, a 52% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is WHEELS overvalued or undervalued?
WHEELS trades at 21.4× earnings, fairly valued versus the ~22× long-run Nifty average.
What is the WHEELS share price target for 2031?
WHEELS's probability-weighted 2031 median target is ₹1,507, with an 80% range of ₹490-₹4,638 (10,000-path Monte-Carlo).
What is the probability WHEELS doubles in 5 years?
The modelled probability of WHEELS reaching ₹2,774 (2×) within 5 years is 25%.
What is the bull case for WHEELS?
WHEELS's P/E of 20.7x is lower than 61% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. WHEELS's return on equity of 15.8% ranks in the 74th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. WHEELS's return on capital employed of 18.8% ranks in the 77th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in WHEELS?
No model or past record guarantees future returns, treat this as one input, not a decision.