ICRA upgrades Wheels India to A1, outlook Stable
Wheels India (BSE: WHEELS) said ICRA has upgraded its credit rating to A1 with a stable outlook. The company is valued at about ₹5,664 crore.
What happened
Wheels India (BSE: WHEELS) informed the stock exchanges on 24 October 2026 at 01:36 PM that ICRA has upgraded its credit rating to A1 with a stable outlook.
Company snapshot
Wheels India is a small-cap company, with a market value of about ₹5,664 crore.
The stock last traded at ₹2,108.7, against a 52-week range of ₹705.9–₹2,515.8 (16.2% below the high).
Before this filing the shares had moved −3.0% over the month and +45.9% over three months. Average daily turnover over the last 20 sessions was about ₹42.41 crore.
Promoters held 56.86% at the end of Q2 FY27, down 2.65% points from the previous quarter. Foreign institutions owned 2.45% and domestic institutions 8.88%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,266 | 30.6 | 12.23 |
| Q2 FY26 | 1,264 | 31 | 12.68 |
| Q3 FY26 | 1,371 | 36.9 | 14.76 |
| Q4 FY26 | 1,564 | 58.8 | 23.78 |
| Q1 FY27 | 1,491 | 38.9 | 15.68 |
What history shows
BCEIE has no earlier credit rating filing from this company on record since May 2026.
Market-wide, 1,329 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- Whether other agencies take a similar view on the company's credit.
- 29 October 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- Avore EX2 Front Wheels Image – EX2 Photos in India
- Diluted earnings per share (diluted EPS) of Enkei Wheels (India) Limited – NSE:ENKEIWHEL
- Hero Motors, SML Mahindra, Wheels India locked at 10% lower circuits
- Avore EX1 Rear Wheels Image – EX1 Photos in India
- Steel Strips Wheels Q2 Net Profit Jumps to Rs 118 Crore
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.