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Enkei Wheels Overview

Enkei Wheels (India) Ltd manufactures and sells aluminium alloy casting wheels for use in the automobile sector in India. The enterprise gives aluminium alloy wheels for two wheelers and 4 wheelers. It also exports its merchandise. The agency became included in 2009 and is primarily based in Pune, India.

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Enkei Wheels Key Financials

Market Cap ₹809 Cr.

Stock P/E 157.5

P/B 3.4

Current Price ₹450

Book Value ₹ 133.3

Face Value 5

52W High ₹568

Dividend Yield 0%

52W Low ₹ 356.6

Enkei Wheels Share Price

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Volume
Price

Enkei Wheels Quarterly Price

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Enkei Wheels Peer Comparison

Enkei Wheels Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 207 200 222 189 239 195 228 233 265 245
Other Income -0 -5 7 6 1 5 0 2 0 5
Total Income 207 195 228 195 240 201 228 235 265 250
Total Expenditure 182 179 199 181 229 187 217 216 235 221
Operating Profit 24 16 29 14 11 13 11 19 30 30
Interest 3 3 3 3 4 4 5 6 5 5
Depreciation 12 12 12 13 13 13 13 15 15 15
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -5
Profit Before Tax 9 1 14 -2 -6 -4 -7 -2 10 5
Provision for Tax 3 -1 5 -4 -1 -1 -2 0 2 1
Profit After Tax 6 2 9 1 -5 -3 -5 -2 8 4
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 6 2 9 1 -5 -3 -5 -2 8 4
Adjusted Earnings Per Share 3.3 1.2 4.9 0.7 -2.5 -1.7 -2.9 -1 4.4 2.3

Enkei Wheels Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 TTM
Net Sales 385 407 465 474 267 235 451 663 716 844 972 971
Other Income 0 0 1 1 0 1 5 8 1000 6 3 7
Total Income 386 407 466 476 267 237 456 672 1717 850 974 978
Total Expenditure 346 373 423 450 271 235 413 618 1648 783 883 889
Operating Profit 40 34 42 26 -4 2 43 54 69 68 92 90
Interest 5 5 5 5 5 13 6 16 11 15 23 21
Depreciation 26 22 23 21 18 22 19 28 42 51 58 58
Exceptional Income / Expenses -12 0 5 13 32 0 0 0 0 0 -5 -5
Profit Before Tax -3 7 19 14 5 -33 17 10 16 2 7 6
Provision for Tax 3 5 9 1 2 -1 1 6 4 -0 2 1
Profit After Tax -5 3 11 13 3 -31 16 4 12 3 5 5
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -5 3 11 13 3 -31 16 4 12 3 5 5
Adjusted Earnings Per Share -3.9 1.8 7 7.8 1.6 -17.4 9.1 2.1 6.5 1.5 2.9 2.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 14% 33% 10%
Operating Profit CAGR 35% 19% 115% 9%
PAT CAGR 67% 8% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -12% -2% 7% 12%
ROE Average 2% 3% 4% -1%
ROCE Average 7% 6% 6% 6%

Enkei Wheels Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Shareholder's Funds 2 43 81 129 183 191 208 221 233 235 240
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 63 61 52 52 100 129 111 105 113 122 93
Other Non-Current Liabilities 96 70 57 49 26 25 25 23 29 26 27
Total Current Liabilities 78 59 82 95 110 105 142 144 158 179 240
Total Liabilities 239 234 272 326 420 450 486 494 534 562 601
Fixed Assets 131 129 127 126 140 122 110 231 344 314 323
Other Non-Current Assets 7 5 26 80 141 205 230 116 24 52 12
Total Current Assets 101 100 119 120 139 123 146 147 166 196 266
Total Assets 239 234 272 326 420 450 486 494 534 562 601

Enkei Wheels Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Opening Cash & Cash Equivalents 8 8 7 10 20 41 30 33 7 11 6
Cash Flow from Operating Activities 13 17 25 39 6 16 28 49 59 28 44
Cash Flow from Investing Activities -6 -20 -44 -71 -89 -64 -37 -42 -56 -63 -34
Cash Flow from Financing Activities -8 3 20 42 104 37 12 -33 2 30 -15
Net Cash Inflow / Outflow -1 -0 2 11 21 -11 3 -26 4 -5 -5
Closing Cash & Cash Equivalent 8 7 9 20 41 30 33 7 11 6 1

Enkei Wheels Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Earnings Per Share (Rs) -3.87 1.76 6.99 7.85 1.6 -17.45 9.06 2.06 6.51 1.48 2.86
CEPS(Rs) 14.28 16.36 22.11 21 12 -5.34 19.71 17.86 29.62 29.78 34.98
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 1.65 29.11 52.31 79.57 107.29 106.09 115.51 123.08 129.77 130.99 133.34
Core EBITDA Margin(%) 9.08 7.3 8.71 5.23 -1.48 0.12 8.26 6.88 -129.8 7.32 9.15
EBIT Margin(%) 0.52 2.6 5.04 3.83 3.86 -8.54 5.21 3.87 3.82 1.99 3.01
Pre Tax Margin(%) -0.65 1.58 4.04 2.88 1.93 -13.87 3.88 1.44 2.24 0.26 0.69
PAT Margin (%) -1.25 0.57 2.25 2.68 1.02 -13.33 3.61 0.56 1.63 0.31 0.53
Cash Profit Margin (%) 4.61 5.31 7.12 7.18 7.68 -4.08 7.86 4.83 7.42 6.33 6.46
ROA(%) -2.09 1.1 4.26 4.26 0.73 -7.2 3.48 0.76 2.28 0.48 0.88
ROE(%) -53.02 11.44 17.4 12.14 1.75 -16.77 8.17 1.73 5.15 1.13 2.16
ROCE(%) 2.45 12.33 18.1 9.88 3.75 -5.7 6.18 6.66 7.01 4 6.57
Receivable days 50.48 51.21 51.46 44.02 44.35 38.62 40.06 35.02 36.06 38.4 40.64
Inventory Days 15.49 12.93 14.05 28.81 83.66 99.63 39.84 31.6 34.89 30.76 36.37
Payable days 109.69 77.96 53.68 54.71 95.9 98.28 48.93 45.88 65.78 53.9 53.58
PER(x) 0 110.86 53.86 51.14 189 0 37.55 280.39 89.52 456.93 171.08
Price/Book(x) 86.83 6.68 7.2 5.04 2.81 2.44 2.94 4.7 4.49 5.15 3.66
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.71 0.86 1.39 1.51 2.35 2.61 1.69 1.8 1.68 1.67 1.11
EV/Core EBITDA(x) 6.81 10.45 15.17 27.32 -171.47 365.73 17.87 22.06 17.42 20.87 11.8
Net Sales Growth(%) 0.41 5.51 14.26 2.1 -43.78 -11.83 91.55 47.27 7.93 17.92 15.06
EBIT Growth(%) -77.31 421.65 101.96 -24.57 -43.35 -294.87 216.9 9.63 6.59 -38.65 74
PAT Growth(%) -339.71 147.73 312.8 18.12 -78.6 -1250.75 151.9 -77.2 215.14 -77.29 93.3
EPS Growth(%) -327.73 145.34 298.46 12.22 -79.67 -1193.26 151.9 -77.2 215.15 -77.29 93.29
Debt/Equity(x) 33.77 1.6 0.91 0.66 0.83 0.94 0.88 0.73 0.71 0.88 0.88
Current Ratio(x) 1.29 1.69 1.46 1.26 1.26 1.17 1.03 1.02 1.05 1.1 1.11
Quick Ratio(x) 1.05 1.46 1.18 0.72 0.62 0.62 0.74 0.5 0.65 0.65 0.63
Interest Cover(x) 0.44 2.54 5.03 4.02 2 -1.6 3.91 1.59 2.41 1.15 1.3
Total Debt/Mcap(x) 0.39 0.24 0.13 0.13 0.3 0.38 0.3 0.16 0.16 0.17 0.24

Enkei Wheels Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97 74.97
FII 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
DII 0 0 0 0 0 0 0 0 0 0
Public 25.02 25.02 25.02 25.02 25.02 25.02 25.02 25.02 25.02 25.02
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Enkei Wheels News

Enkei Wheels Pros & Cons

Pros

  • Debtor days have improved from 53.9 to 53.58days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 3% over the last 3 years.
  • Stock is trading at 3.4 times its book value.
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