Enkei Wheels India Ltd
₹ 395
1.38%
14 Aug
- close price
About
Incorporated in 2009, Enkei Wheels
India Ltd manufactures aluminium
alloy casting wheels[1]
Key Points
- Market Cap ₹ 711 Cr.
- Current Price ₹ 395
- High / Low ₹ 568 / 319
- Stock P/E 27.9
- Book Value ₹ 133
- Dividend Yield 0.00 %
- ROCE 7.66 %
- ROE 4.13 %
- Face Value ₹ 5.00
Unsung hero
Bhikubhai Gomansinh Solanki
He helped liberate Dadra and Nagar Haveli. He coordinated with freedom fighters and captured Naroli during floods. People of Naroli called him Kazi because he resolved their problems.
Unsung hero
Yatiyatna Lal
He organized the Civil Disobedience Movement locally. He also campaigned against alcoholism, child marriage, ceremonial feasts, and animal and bird sacrifices.
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 18.3% CAGR over last 5 years
Cons
- Stock is trading at 2.97 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 3.42% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 9m | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 384 | 385 | 407 | 465 | 474 | 267 | 235 | 451 | 663 | 716 | 844 | 972 | 1,129 | |
| 346 | 346 | 373 | 423 | 450 | 270 | 235 | 413 | 617 | 655 | 783 | 882 | 1,021 | |
| Operating Profit | 38 | 40 | 34 | 42 | 25 | -4 | 0 | 38 | 46 | 61 | 62 | 89 | 108 |
| OPM % | 10% | 10% | 8% | 9% | 5% | -1.3% | 0.2% | 8% | 7% | 9% | 7% | 9% | 10% |
| 0 | -12 | 0 | 6 | 15 | 32 | 1 | 2 | 8 | 8 | 6 | -2 | 1 | |
| Interest | 8 | 5 | 5 | 5 | 5 | 5 | 13 | 3 | 16 | 11 | 15 | 23 | 21 |
| Depreciation | 28 | 26 | 22 | 23 | 21 | 18 | 22 | 19 | 28 | 42 | 51 | 58 | 59 |
| Profit before tax | 2 | -3 | 7 | 19 | 14 | 5 | -33 | 17 | 10 | 16 | 2 | 7 | 29 |
| Tax % | -21% | 91% | 63% | 44% | 7% | 47% | -4% | 7% | 61% | 27% | -19% | 24% | |
| 2 | -5 | 3 | 11 | 13 | 3 | -31 | 16 | 4 | 12 | 3 | 5 | 22 | |
| EPS in Rs | 1.70 | -3.87 | 1.84 | 6.99 | 7.85 | 1.60 | -17.45 | 9.06 | 2.06 | 6.51 | 1.48 | 2.85 | 12.12 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 33% |
| 3 Years: | 14% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 18% |
| 3 Years: | 35% |
| TTM: | 275% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 0% |
| 3 Years: | -10% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 4% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 12 | -5 | 36 | 73 | 121 | 175 | 182 | 199 | 212 | 224 | 226 | 231 |
| 88 | 79 | 69 | 73 | 86 | 152 | 184 | 187 | 162 | 167 | 206 | 210 | |
| 177 | 158 | 123 | 121 | 115 | 87 | 78 | 94 | 110 | 134 | 122 | 155 | |
| Total Liabilities | 283 | 239 | 236 | 275 | 330 | 423 | 452 | 488 | 494 | 534 | 564 | 605 |
| 164 | 131 | 129 | 127 | 126 | 140 | 122 | 110 | 231 | 344 | 314 | 323 | |
| CWIP | -0 | -0 | -0 | 2 | 55 | 101 | 189 | 218 | 100 | 2 | 43 | 1 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 3 | 3 | 4 | 3 | 4 |
| 119 | 108 | 107 | 147 | 148 | 182 | 142 | 158 | 159 | 183 | 204 | 277 | |
| Total Assets | 283 | 239 | 236 | 275 | 330 | 423 | 452 | 488 | 494 | 534 | 564 | 605 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 13 | 17 | 25 | 39 | 6 | 16 | 28 | 49 | 59 | 28 | 44 | |
| -11 | -6 | -20 | -44 | -71 | -89 | -64 | -37 | -42 | -56 | -63 | -34 | |
| -34 | -8 | 3 | 20 | 42 | 104 | 37 | 12 | -33 | 2 | 30 | -15 | |
| Net Cash Flow | -18 | -1 | -0 | 2 | 11 | 21 | -11 | 3 | -26 | 4 | -5 | -5 |
| Free Cash Flow | 15 | 7 | -4 | -19 | -36 | -70 | -49 | -7 | 6 | 2 | -36 | 16 |
| CFO/OP | 70% | 33% | 70% | 88% | 180% | -213% | 3,834% | 68% | 118% | 102% | 48% | 49% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 61 | 58 | 56 | 34 | 29 | 44 | 57 | 31 | 43 | 40 | 46 |
| Inventory Days | 31 | 33 | 22 | 33 | 72 | 183 | 168 | 56 | 67 | 56 | 57 | 72 |
| Days Payable | 113 | 102 | 61 | 55 | 56 | 87 | 100 | 51 | 58 | 74 | 49 | 64 |
| Cash Conversion Cycle | -28 | -8 | 19 | 34 | 49 | 126 | 113 | 62 | 40 | 26 | 49 | 54 |
| Working Capital Days | -6 | 14 | 30 | 22 | 4 | -17 | -18 | -23 | -3 | -2 | 5 | 7 |
| ROCE % | 8% | 15% | 12% | 14% | 3% | -9% | -6% | 6% | 7% | 7% | 4% | 8% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Dec 2022 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Four-Wheeler Wheels pcs/month |
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| Installed Capacity - Two-Wheeler Wheels pcs/month |
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| Production Volume - Four-Wheeler Wheels pcs |
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| Production Volume - Two-Wheeler Wheels pcs |
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| Capacity Utilization - Four-Wheeler % |
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| Capacity Utilization - Two-Wheeler % |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Please find the attached News Paper advertisement on publication of Unaudited Financial Result for the quarter and Half year ended on 30th June 2026.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 06-08-2026
- Board approved Q1/H1 FY2026-27 unaudited results; auditors issued unmodified limited review report.
- Financial Result For The Quarter And Half Year Ended On 30-06-2026
-
Board Meeting Intimation for To Consider The Unaudited Financial Result For The Half Year And Quarter Ended On 30Th June 2026
- Board meeting on 6 August 2026 to approve Q1 FY2027 unaudited financial results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate for quarter ended 30 June 2026 filed.
Annual reports
-
Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1]
EWIL is a part of the Japanese Enkei Group. It manufactures aluminium alloy wheels for two-wheelers and four wheelers in India