WHEELS INDIA AGM – FY2024:
- Company expecting muted growth in FY25
- Tractor segment is not doing well
- Started supplying alloy wheels to one of the domestic OEM. This segment shall reach double digit margins once the ramp up happens to 40K wheels per month
- Expecting exports to be muted as some of the new customers programs are going to be started towards end of FY25
- Wind segment to grow as per the growth of customers
- Raw material inflation/deflation is a pass through every quarterly
- FY24 – profitability got impacted due to one time provision. One of European distributor got into trouble.
- Although sales growth is muted, there shall be growth in bottom line
- Capex will be 200Cr per year for the next 2 years
- Expected IRR is 15% for new projects
- wrt to margins – CV and tractor is single digit and rest all are double digit
- 40% of the overall business is having double digit margins
- Sundaram Hydraulics is merged and good growth is expected in this segment. RIght now its high single digit and reach double digit with increase in sales
- With the current capacity, sales can hit 6K crore (given all the segments doing well – as the industry is cyclical)
Not much participation from investor community. Only one asked few questions and the other one (myself) was listener 
| Subscribe To Our Free Newsletter |
