215360

W.I.C is an automotive parts manufacturer established in 2015 through a spin-off from Woori Industry Holdings. The company produces air conditioning and electrical components for vehicles, with core products including HVAC actuators, PTC heaters, control units, and fan coils. It operates as a second-tier supplier to major automotive tier-one suppliers such as Hanon Systems, Hyundai Mobis, and DOWON Air Conditioning in South Korea, and DENSO, MAHLE, YINLUN, and MARELLI internationally. Since 2022, W.I.C has also registered as a direct tier-one supplier for Hyundai, Kia, and major European automakers, selling PTC and coolant heaters directly to these OEMs. The company serves markets in North America and Europe, supported by a global network of subsidiaries and production facilities in China, India, Thailand, the United States, Slovakia, Mexico, and Vietnam. W.I.C develops components for electric and hydrogen fuel cell vehicles, maintaining partnerships with global automotive manufacturers and holding certifications including ISO 14001 and IATF 16949.

Summarised from the company's own disclosures, fiscal year ended Mar 2026

Industry Auto Parts Homepage woory.com
Sector Consumer Cyclical IR page —
Tags
automotive air conditioning, ptc heaters, hvac actuators, fan coils, control units, electric vehicle components, hydrogen fuel cell components, tier-one supplier, tier-two supplier, global sourcing, Woori Industry Holdings, Hanon Systems, Hyundai Mobis, DOWON Air Conditioning, DENSO, MAHLE, YINLUN, MARELLI, Hyundai, Kia, Stellantis, Maruti Suzuki, Ford, GM, Visteon, DaimlerChrysler, WR America Inc.
Press page —

Metrics

Valuation  
Market cap ₩ 56.272B
P/E 2.58
P/BV 0.44
P/S 0.11
P/OCF 2.78
P/FCF 4.15
Dividend yield —
Turnover / mcap —
Returns  
ROE 12.2%
ROI 11.6%
ROIC 13.4%
Profit margin 2.6%
Growth  
Revenue growing Yes
Profits growing No
Revenue up 3y Yes
Revenue up 5y No
Quality  
Profitable Yes
Margin expanding No
Buying back stock —
Diluting (TTM) —
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News sentiment (TTM) —
Quality score 53.3%
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Figure FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015
Revenue 532.038B 510.572B 462.151B 364.602B 284.249B 289.034B 318.793B 332.788B 279.396B 258.79B 196.717B
Free cash flow 24.488B 30.889B — -11.47B — — — — — — —

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W.I.C (ticker 215360), listed in South Korea.