Wheels India Limited (NSE:WHEELS)

Wheels India Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	1,920	1,550	1,109	627.7	553.5	764.7
Depreciation & Amortization	1,255	1,127	932.2	849.1	721.3	1,010
Other Amortization	26.3	26.3	-	-	-	-
Loss (Gain) From Sale of Assets	5.5	10.6	2.6	-0.7	-2.4	5.3
Asset Writedown & Restructuring Costs	119.3	119.3	61.3	8.6	0.3	1
Loss (Gain) From Sale of Investments	-	-	-	-	-	24.4
Loss (Gain) on Equity Investments	-113.6	-85.4	-65.3	-82.6	-43.7	-37.9
Other Operating Activities	1,613	1,546	1,520	1,352	1,011	614.2
Change in Accounts Receivable	-1,990	181.4	-595.3	210.6	1,087	-1,372
Change in Inventory	-1,599	-50.7	1,105	-1.7	-576.5	-2,520
Change in Accounts Payable	131.2	733.4	84.5	325	532	1,778
Change in Other Net Operating Assets	-688.1	-384.4	-149.7	5.8	419.5	8.5
Operating Cash Flow	678.8	4,774	4,005	3,294	3,702	276.1
Operating Cash Flow Growth	-83.64%	19.20%	21.59%	-11.04%	1240.82%	-81.37%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-3,234	-2,768	-2,093	-1,503	-1,552	-1,353
Sale of Property, Plant & Equipment	7.6	24.2	12.5	1.8	16	141.3
Investment in Securities	-37.7	-247.1	-111.3	-38.3	-	-
Other Investing Activities	95.3	73.7	59.1	42	21	7.7
Investing Cash Flow	-3,168	-2,917	-2,132	-1,497	-1,515	-1,204

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	190.6	-	115.3	-	1,996
Long-Term Debt Issued	-	1,071	1,724	1,179	1,043	719.7
Total Debt Issued	922.2	1,262	1,724	1,294	1,043	2,715
Short-Term Debt Repaid	-	-	-1,157	-	-273.6	-
Long-Term Debt Repaid	-	-1,528	-1,020	-1,455	-1,617	-1,162
Lease Payments	-240.6	-187.3	-109.7	-101.9	-90.9	-75.9
Total Debt Repaid	-1,654	-1,528	-2,177	-1,455	-1,891	-1,162
Net Debt Issued (Repaid)	-731.6	-266.2	-453.4	-161.4	-848	1,553
Common Dividends Paid	-352.1	-300.6	-289.5	-95.9	-271.4	-24.5
Other Financing Activities	-1,197	-1,181	-1,132	-1,203	-1,038	-690.5
Financing Cash Flow	1,952	-1,748	-1,875	-1,460	-2,157	838.1

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	-	-0.1	-	-	-	-
Net Cash Flow	-537.8	108.9	-2.9	335.9	29.5	-89.5

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-2,555	2,006	1,912	1,791	2,150	-1,077
Free Cash Flow Growth	-	4.90%	6.78%	-16.70%	-	-
Free Cash Flow Margin	-4.16%	3.67%	4.03%	3.60%	4.63%	-2.71%
Free Cash Flow Per Share	-104.33	82.09	78.26	73.29	87.98	-44.74
Levered Free Cash Flow	-3,867	537.93	435.68	445.61	847.3	-1,812
Unlevered Free Cash Flow	-3,128	1,283	1,194	1,208	1,508	-1,361
Free Cash Flow After Leases	-2,795	1,818	1,802	1,689	2,059	-1,153

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	1,197	1,181	1,132	1,203	1,038	690.5
Cash Income Tax Paid	439.4	326.9	102.7	278	107.8	272.3
Change in Working Capital	-4,146	479.7	444.5	539.7	1,462	-2,105

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

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