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Balance sheet of Wheels India is moderately strong, But short term working capital might become an issue for this company.
The debt of Wheels India is decreasing.
Latest debt of Wheels India is ₹715 Crs as of Sep-24.
This is less than Mar-24 when it was ₹749 Crs.
Yes, profit is increasing.
The profit of Wheels India is ₹105 Crs for TTM, ₹62.77 Crs for Mar 2024 and ₹55.35 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Wheels India latest dividend payout ratio is 28.76% and 3yr average dividend payout ratio is 28.39%
Companies resources are majorly tied in miscellaneous assets