Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Auto Ancillaries - Wheels Stocks in India

Auto Ancillaries - Wheels: Wheels India Ltd owns the largest revenue base; Steel Strips Wheels Ltd has the fastest current growth.

01 · the index people search for

Nifty Auto Ancillaries - Wheels Index — Constituents & Performance

The Auto Ancillaries - Wheels companies below are the listed Indian Auto Ancillaries - Wheels universe this page tracks — the same constituent set people search for as the Nifty Auto Ancillaries - Wheels index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Auto Ancillaries - Wheels moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 35% ahead of NIFTY 500. Earnings across its companies fell 2% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 24 weeks running.

LEADER · ahead 24wPrice up, without the fundamentals confirming2 of 3 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑24w · 2/3 >200d (+0) · 2/3 lead (+0) · EPS 3/3↑

20030040020262025202420232022 431333 TRAILING 12-MONTH EPS · 100 AT THE START-710200Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2023 · trailing 12-month earnings per share fell 2.0% · 2 reportingDec 2023 · trailing 12-month earnings per share grew 5.4% · 2 reportingMar 2024 · trailing 12-month earnings per share grew 200.0% · 2 reportingJun 2024 · trailing 12-month earnings per share grew 200.0% · 2 reportingSep 2024 · trailing 12-month earnings per share grew 147.9% · 2 reportingDec 2024 · trailing 12-month earnings per share grew 136.1% · 2 reportingMar 2025 · trailing 12-month earnings per share fell 71.1% · 2 reportingJun 2025 · trailing 12-month earnings per share fell 69.8% · 2 reportingSep 2025 · trailing 12-month earnings per share fell 71.1% · 2 reportingDec 2025 · trailing 12-month earnings per share grew 21.6% · 2 reportingMar 2026 · trailing 12-month earnings per share grew 18.5% · 2 reportingJun 2026 · trailing 12-month earnings per share grew 22.3% · 2 reportingNot reported yet — earnings trail price by a quarter or two22No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20030040020262025202420232022 431333 TRAILING 12-MONTH EPS · 100 AT THE START-710200Jun 24Jun 25Jun 26Sep 2023 · trailing 12-month earnings per share fell 2.0% · 2 reportingDec 2023 · trailing 12-month earnings per share grew 5.4% · 2 reportingMar 2024 · trailing 12-month earnings per share grew 200.0% · 2 reportingJun 2024 · trailing 12-month earnings per share grew 200.0% · 2 reportingSep 2024 · trailing 12-month earnings per share grew 147.9% · 2 reportingDec 2024 · trailing 12-month earnings per share grew 136.1% · 2 reportingMar 2025 · trailing 12-month earnings per share fell 71.1% · 2 reportingJun 2025 · trailing 12-month earnings per share fell 69.8% · 2 reportingSep 2025 · trailing 12-month earnings per share fell 71.1% · 2 reportingDec 2025 · trailing 12-month earnings per share grew 21.6% · 2 reportingMar 2026 · trailing 12-month earnings per share grew 18.5% · 2 reportingJun 2026 · trailing 12-month earnings per share grew 22.3% · 2 reportingNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Auto Ancillaries - Wheels, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Auto Ancillaries - Wheels outperforming NIFTY 500?

Auto Ancillaries - Wheels has outperformed NIFTY 500 by 36.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 30%. 2 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Wheels India Ltd is the strongest against the sector itself at +4.2%.

+30.0%Sector vs NIFTY 500 · 13 weeks
+36.6%Sector vs NIFTY 500 · 52 weeks
2/3Stocks leading NIFTY 500
1/3Stocks leading sector

Sector metric: 27.2 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Auto Ancillaries - Wheels has outperformed NIFTY 500 by 36.6% over 52 weeks and 30% over 13 weeks. 2 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself. Wheels India Ltd leads with revenue of ₹5,690 crore, based on 3 of 3 comparable companies through Jun 2026.

Companies
3
complete canonical membership
Combined market value
₹9.1K Cr
Steel Strips Wheels Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
2/3
positive Mansfield relative strength
Comparing 3 of 3
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Wheels India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 79.3% evidence confidence.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Wheels India LtdWHEELS 69.6/100Favorable setup79% evidence LEADER 29.4/35 Revenue 17.5% · PAT 40.3% · OPM change 1 pp 95% evidence 16.4/25 ROCE 18.8% · OPM 8% 76% evidence 10.6/20 P/E 21.1× · PEG — 35% evidence 13.2/20 RS sector 4.2% · RS bench 33.2% · 1Y 76.8%12 of 12 weeks ahead 100% evidence
Exact sum: 29.4 + 16.4 + 10.6 + 13.2 = 69.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Steel Strips Wheels LtdSSWL 51.8/100Mixed-positive evidence91% evidence TURNING 19.9/35 Revenue 19.9% · PAT 5.5% · OPM change 1 pp 100% evidence 11.4/25 ROCE 14.8% · OPM 11% 100% evidence 12.5/20 P/E 23× · PEG 0.41 85% evidence 8.0/20 RS sector -19.3% · RS bench 41.4% · 1Y 28.9%7 of 10 weeks ahead 70% evidence
Exact sum: 19.9 + 11.4 + 12.5 + 8 = 51.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Enkei Wheels India LtdENKEIWHEL 36.7/100Thin evidence · provisional42% evidence 17.2/35 Revenue 15.1% · PAT 94% · OPM change 6 pp 40% evidence 6.5/25 ROCE 7.3% · OPM 10% 57% evidence 10.0/20 P/E 111× · PEG — 0% evidence 3.0/20 RS sector -11.6% · RS bench -11.9% · 1Y -18.3%0 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 17.2 + 6.5 + 10 + 3 = 36.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

Wheels India Ltd has the strongest one-year price move in Auto Ancillaries - Wheels at +76.8%. Steel Strips Wheels Ltd leads on Mansfield relative strength against NIFTY at +41.4%. 2 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Wheels India Ltd has the highest Revenue among the 3 Auto Ancillaries - Wheels companies compared here, at ₹5,690 crore. Steel Strips Wheels Ltd is next at ₹5,507 crore. Steel Strips Wheels Ltd has the highest Revenue growth at 19.9%, so level and change sit with different companies. Its Revenue series carries 15 reported observations across the 20-quarter window.

What the numbers say: Wheels India Ltd is the scale leader at ₹5,690 crore, 3.3% ahead of Steel Strips Wheels Ltd. Steel Strips Wheels Ltd's growth is 19.9% from a ₹5,507 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderWheels India Ltd · ₹5,690 crore
Gap3.3% versus #2 · Steel Strips Wheels Ltd
Persistence6/8 recent comparable periods
Coverage3/3 companies · 48 observations

Investor read: Wheels India Ltd is the scale benchmark; Steel Strips Wheels Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Wheels India Ltd's growth falls below Steel Strips Wheels Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Wheels India Ltd WHEELS₹5.7K Cr
2Steel Strips Wheels Ltd SSWL₹5.5K Cr
3Enkei Wheels India Ltd ENKEIWHEL · older report₹972 Cr
Revenue growthfastest growers
2Wheels India Ltd WHEELS18%
3Enkei Wheels India Ltd ENKEIWHEL · older report15%
Revenue · company comparison
3/3 level · 3/3 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Steel Strips Wheels Ltd SSWL₹1.5K Cr27%Jun 2026
Wheels India Ltd WHEELS₹1.5K Cr18%Jun 2026
Enkei Wheels India Ltd ENKEIWHEL₹245 Cr26%Dec 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

Enkei Wheels India Ltd · ENKEIWHEL

₹149 Cr
₹132 Cr
₹177 Cr
₹207 Cr
₹200 Cr
₹222 Cr
₹189 Cr
₹239 Cr
₹195 Cr
₹228 Cr
₹233 Cr
₹265 Cr
₹245 Cr

Steel Strips Wheels Ltd · SSWL

₹958 Cr
₹861 Cr
₹1.1K Cr
₹1.0K Cr
₹1.1K Cr
₹938 Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.3K Cr
₹1.5K Cr
₹1.5K Cr

Wheels India Ltd · WHEELS

₹1.1K Cr
₹1.3K Cr
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹1.3K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.3K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.6K Cr
₹1.5K Cr

Revenue growth · reported quarter history

Enkei Wheels India Ltd · ENKEIWHEL

35%
67%
7.0%
15%
-2.5%
2.9%
23%
11%
26%

Steel Strips Wheels Ltd · SSWL

13%
8.9%
-5.5%
2.8%
4.9%
18%
6.4%
-1.8%
-3.4%
-3.2%
15%
16%
9.7%
23%
20%
27%

Wheels India Ltd · WHEELS

12%
1.6%
-3.8%
-8.4%
-7.0%
0.5%
8.6%
7.5%
22%
22%
18%
07 · compare level, then change

Operating Economics & Margin Trend

Steel Strips Wheels Ltd has the highest OPM among the 3 Auto Ancillaries - Wheels companies compared here, at 11%. Enkei Wheels India Ltd is next at 10%. Enkei Wheels India Ltd has the highest Margin change at +6 percentage points, so level and change sit with different companies. Its OPM series carries 20 reported observations across the 20-quarter window.

What the numbers say: Steel Strips Wheels Ltd leads opm at 11%; Enkei Wheels India Ltd leads margin change at +6 percentage points.

LeaderSteel Strips Wheels Ltd · 11%
Gap10% versus #2 · Enkei Wheels India Ltd
Persistence3/8 recent comparable periods
Coverage3/3 companies · 58 observations

Investor read: Steel Strips Wheels Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
2Enkei Wheels India Ltd ENKEIWHEL · older report10%
3Wheels India Ltd WHEELS8.0%
Margin changefastest expanders
1Enkei Wheels India Ltd ENKEIWHEL · older report+6.0 pp
3Wheels India Ltd WHEELS+1.0 pp
Operating margin · company comparison
3/3 level · 3/3 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Steel Strips Wheels Ltd SSWL11%+1.0 ppJun 2026
Enkei Wheels India Ltd ENKEIWHEL10%+6.0 ppDec 2025
Wheels India Ltd WHEELS8.0%+1.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Enkei Wheels India Ltd · ENKEIWHEL

8.4%
8.9%
8.9%
-2.5%
12%
-3.2%
2.1%
7.8%
12%
10%
10%
4.3%
9.4%
4.0%
4.9%
7.2%
11%
10%

Steel Strips Wheels Ltd · SSWL

14%
12%
10%
8.8%
11%
12%
11%
11%
11%
10%
10%
11%
11%
11%
11%
10%
9.0%
10%
10%
11%

Wheels India Ltd · WHEELS

6.9%
6.2%
6.1%
4.2%
4.8%
4.0%
6.0%
4.8%
3.7%
5.0%
8.0%
7.0%
7.0%
8.0%
8.0%
7.0%
7.0%
7.0%
8.0%
8.0%

Margin change · reported quarter history

Enkei Wheels India Ltd · ENKEIWHEL

+3.6 pp
−3.3 pp
−0.3 pp
−6.7 pp
+3.6 pp
−12.1 pp
−6.7 pp
+10.2 pp
−0.3 pp
+13.7 pp
+8.1 pp
−3.5 pp
−2.3 pp
−6.5 pp
−5.4 pp
+2.9 pp
+1.9 pp
+6.0 pp

Steel Strips Wheels Ltd · SSWL

+2.0 pp
−0.1 pp
−1.8 pp
−5.6 pp
−3.5 pp
−0.4 pp
+0.5 pp
+2.2 pp
+0.2 pp
−2.0 pp
−1.0 pp
0.0 pp
0.0 pp
+1.0 pp
+1.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
−1.0 pp
+1.0 pp

Wheels India Ltd · WHEELS

−0.4 pp
−1.4 pp
−1.8 pp
−2.3 pp
−2.1 pp
−2.2 pp
−0.1 pp
+0.6 pp
−1.1 pp
+1.0 pp
+2.0 pp
+2.2 pp
+3.3 pp
+3.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
0.0 pp
+1.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Steel Strips Wheels Ltd has the highest Net profit among the 3 Auto Ancillaries - Wheels companies compared here, at ₹213 crore. Wheels India Ltd is next at ₹167 crore. Wheels India Ltd has the highest Profit growth at 40.3%, so level and change sit with different companies. Its Net profit series carries 20 reported observations across the 20-quarter window.

What the numbers say: Steel Strips Wheels Ltd leads with ₹213 crore of TTM profit, 27.5% above Wheels India Ltd. Wheels India Ltd shows 40.3% growth from a ₹167 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderSteel Strips Wheels Ltd · ₹213 crore
Gap27.5% versus #2 · Wheels India Ltd
Persistence2/8 recent comparable periods
Coverage3/3 companies · 48 observations

Investor read: Steel Strips Wheels Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
2Wheels India Ltd WHEELS₹167 Cr
3Enkei Wheels India Ltd ENKEIWHEL · older report₹5 Cr
Profit growthfastest growers
1Wheels India Ltd WHEELS40%
Net profit · company comparison
3/3 level · 2/3 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Steel Strips Wheels Ltd SSWL₹69 Cr47%Jun 2026
Wheels India Ltd WHEELS₹39 Cr26%Jun 2026
Enkei Wheels India Ltd ENKEIWHEL₹4 Cr-231%Dec 2025
Full 20-quarter history · every available company

Net profit · reported quarter history

Enkei Wheels India Ltd · ENKEIWHEL

₹-14 Cr
₹-4 Cr
₹8 Cr
₹6 Cr
₹2 Cr
₹9 Cr
₹1 Cr
₹-5 Cr
₹-3 Cr
₹-5 Cr
₹-2 Cr
₹8 Cr
₹4 Cr

Steel Strips Wheels Ltd · SSWL

₹63 Cr
₹43 Cr
₹49 Cr
₹48 Cr
₹55 Cr
₹44 Cr
₹47 Cr
₹47 Cr
₹52 Cr
₹59 Cr
₹516 Cr
₹41 Cr
₹46 Cr
₹48 Cr
₹61 Cr
₹47 Cr
₹36 Cr
₹47 Cr
₹61 Cr
₹69 Cr

Wheels India Ltd · WHEELS

₹11 Cr
₹21 Cr
₹9 Cr
₹3 Cr
₹9 Cr
₹38 Cr
₹24 Cr
₹24 Cr
₹25 Cr
₹39 Cr
₹31 Cr
₹32 Cr
₹37 Cr
₹59 Cr
₹39 Cr

Profit growth · reported quarter history

Enkei Wheels India Ltd · ENKEIWHEL

-84%
-177%
-241%
-160%
-231%

Steel Strips Wheels Ltd · SSWL

-13%
2.3%
-4.1%
-2.1%
-5.5%
34%
998%
-13%
-12%
-19%
-88%
15%
-22%
-2.1%
0.0%
47%

Wheels India Ltd · WHEELS

-18%
81%
167%
700%
178%
2.6%
29%
33%
48%
51%
26%
09 · compare level, then change

Return On Capital Employed

Wheels India Ltd has the highest ROCE among the 3 Auto Ancillaries - Wheels companies compared here, at 18.8%. Steel Strips Wheels Ltd is next at 14.8%. The same company also holds the highest ROCE change, at +3 percentage points. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Wheels India Ltd leads ROCE at 18.8%, 4 percentage points above Steel Strips Wheels Ltd. Wheels India Ltd has the strongest latest improvement at +3 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderWheels India Ltd · 18.8%
Gap27% versus #2 · Steel Strips Wheels Ltd
PersistenceNot enough history
Coverage3/3 companies · 16 observations

Investor read: Wheels India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Wheels India Ltd WHEELS19%
3Enkei Wheels India Ltd ENKEIWHEL · older report7.3%
ROCE changefastest improvers
1Wheels India Ltd WHEELS+3.0 pp
3Enkei Wheels India Ltd ENKEIWHEL · older report−3.0 pp
Return on capital · company comparison
3/3 level · 3/3 change

Withheld from this chart: Wheels India Ltd (WHEELS) — its two data sources disagree by up to 28% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Steel Strips Wheels Ltd SSWL20%+0.2 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Steel Strips Wheels Ltd · SSWL

20%
25%
23%
24%
22%
23%
19%
48%
17%
43%
19%
19%
18%
18%
17%
20%

ROCE change · reported quarter history

Steel Strips Wheels Ltd · SSWL

+2.8 pp
−0.9 pp
−1.1 pp
−5.2 pp
−4.8 pp
+20.0 pp
−0.3 pp
−28.9 pp
+0.8 pp
−25.1 pp
−1.7 pp
+0.2 pp
10 · compare level, then change

Valuation Against Growth & Quality

Steel Strips Wheels Ltd has the lowest PEG among the 3 Auto Ancillaries - Wheels companies compared here, at 0.41×. Wheels India Ltd has the lowest P/E at 21.1×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Steel Strips Wheels Ltd has the lowest comparable PEG at 0.41×. Only 1 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderSteel Strips Wheels Ltd · 0.41×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/3 companies · 6 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
P/Elowest P/E
1Wheels India Ltd WHEELS21.1
3Enkei Wheels India Ltd ENKEIWHEL · older report111.0
Valuation · company comparison
1/3 level · 3/3 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Steel Strips Wheels Ltd SSWL0.419.0Jun 2026
Wheels India Ltd WHEELS26.4Jun 2026
Enkei Wheels India Ltd ENKEIWHEL360.5Dec 2025
Full 20-quarter history · every available company

PEG · reported quarter history

Steel Strips Wheels Ltd · SSWL

0.3
1.3
0.6
0.8
0.9
0.4

P/E · reported quarter history

Enkei Wheels India Ltd · ENKEIWHEL

202.1
56.0
41.5
43.8
50.2
41.2
210.7
232.6
361.0
377.1
81.3
47.2
69.6
155.7
366.7
360.5

Steel Strips Wheels Ltd · SSWL

14.5
13.4
12.3
12.9
12.8
12.8
12.0
16.6
22.5
21.3
16.8
14.5
14.6
14.2
13.4
22.0
17.9
15.6
14.8
19.0

Wheels India Ltd · WHEELS

34.0
21.6
17.1
18.2
19.5
20.5
17.9
35.1
34.2
34.5
31.0
30.9
24.7
17.3
12.7
17.4
18.0
16.9
19.6
26.4
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Auto Ancillaries - Wheels comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 3 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 has second-feed figures withheld because the two sources disagree. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Auto Ancillaries - Wheels companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing1 cross-checked · 1 unverified · 1 withheld, of 3 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Auto Ancillaries - Wheels company comparison FAQs

These 23 answers restate the Auto Ancillaries - Wheels comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Auto Ancillaries - Wheels sector outperforming NIFTY 500?

Auto Ancillaries - Wheels has outperformed NIFTY 500 by 36.6% over 52 weeks and 30% over 13 weeks. 2 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself.

Which Auto Ancillaries - Wheels company is largest by revenue?

Wheels India Ltd leads with revenue of ₹5,690 crore, based on 3 of 3 comparable companies through Jun 2026.

Which Auto Ancillaries - Wheels company is growing fastest?

Steel Strips Wheels Ltd has the fastest current revenue growth at 19.9%, across 3 of 3 comparable companies.

Which Auto Ancillaries - Wheels company has the strongest 4-Factor Sector Score?

Wheels India Ltd ranks first at 69.6/100 with 79.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Auto Ancillaries - Wheels company has the lowest comparable PEG?

Steel Strips Wheels Ltd has the lowest comparable PEG at 0.41, among 1 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Auto Ancillaries - Wheels comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Auto Ancillaries - Wheels index?

The Nifty Auto Ancillaries - Wheels index tracks India's listed Auto Ancillaries - Wheels companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Auto Ancillaries - Wheels sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Auto Ancillaries - Wheels stocks in India?

Ranked by this page's four-factor score, Wheels India Ltd places first among 3 listed Auto Ancillaries - Wheels companies, followed by Steel Strips Wheels Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Auto Ancillaries - Wheels stocks are listed in India?

This comparison covers 3 listed Auto Ancillaries - Wheels companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Auto Ancillaries - Wheels company is the biggest?

Wheels India Ltd is the largest, with trailing-twelve-month revenue of ₹5,690 crore, ahead of Steel Strips Wheels Ltd at ₹5,507 crore. That covers 3 of 3 companies with comparable reporting through Jun 2026.

Which Auto Ancillaries - Wheels company has the best profit margins?

Steel Strips Wheels Ltd has the highest operating margin at 11%, from 3 of 3 comparable companies. Enkei Wheels India Ltd shows the biggest recent improvement, at +6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Auto Ancillaries - Wheels company makes the most profit?

Steel Strips Wheels Ltd earns the most, at ₹213 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Wheels India Ltd has the fastest profit growth at 40.3%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Auto Ancillaries - Wheels company earns the highest return on capital?

Wheels India Ltd leads on return on capital employed at 18.8%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Auto Ancillaries - Wheels stock is the cheapest?

On PEG — where a LOWER number is cheaper — Steel Strips Wheels Ltd screens cheapest at 0.41×. Only 1 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Auto Ancillaries - Wheels sector beating the market?

Auto Ancillaries - Wheels has outperformed NIFTY 500 by 36.6% over the last 52 weeks and 30% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Auto Ancillaries - Wheels stock has the strongest price momentum?

Steel Strips Wheels Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Auto Ancillaries - Wheels company scores highest for research priority?

Wheels India Ltd scores 69.6 out of 100 with 79.3% evidence confidence, from 29.4 points on growth and earnings, 16.4 on capital efficiency, 10.6 on valuation and 13.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Auto Ancillaries - Wheels companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Auto Ancillaries - Wheels sector?

The 3 Auto Ancillaries - Wheels companies on this page carry ₹9,099 crore of combined market value. Steel Strips Wheels Ltd is the largest at ₹4,881 crore, about 54% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Auto Ancillaries - Wheels sector performing?

2 of the 3 covered Auto Ancillaries - Wheels companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 36.6% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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