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Enkei Wheels (India) Ltd (533477)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533477 NSE: Auto Ancillary | Small Cap | Enkei Wheels (India) Share Price

₹396.45 -6.15 (-1.53%)

As on 24-Jun'26 16:59

Enkei Wheels (India) Ltd (533477)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533477 NSE: Auto Ancillary | Small Cap | Enkei Wheels (India) Share Price

₹396.45 -6.15 (-1.53%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹713 Cr.
Current Price
₹396.5
52-Week Low / High
₹357 / 568
TTM EPS
₹5.5
TTM Sales
₹1,043 Cr.
Book Value per Share
₹133
P/E Ratio
72.54
Higher than its 5-year historical median
Industry PE
44.8
Price to Book (P/B)
2.98
Lower than its 5-year historical median
Price to Sales (P/S)
0.68
Lower than its 5-year historical median
EV/EBITDA
9.35
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
2.16%
Underperforms industry median
Return on Capital Employed (ROCE)
6.57%
Underperforms industry median
Return on Assets (ROA)
0.88%
Operating Profit Margin
9.2%
Net Profit Margin
0.53%
Gross Profit Margin
7.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.06%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
44.03%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
92.86%
Asset Quality
Promoter Holding
74.97%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹230 Cr.
Equity
₹9 Cr.
Face Value
₹5
All Time Low / High
₹36.15 / 760.00

Enkei Wheels (India) stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Enkei Wheels (India) Ltd a good quality company?
Enkei Wheels (India) Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Enkei Wheels (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Enkei Wheels (India) Ltd vs industry peers?
Enkei Wheels (India) Ltd revenue CAGR is 32.80%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Enkei Wheels (India) Ltd?
Promoters hold 74.97% of the Enkei Wheels (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Enkei Wheels (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.3% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Enkei Wheels (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
ROCE % 12.3%18.1%9.9%3.8%-5.7%6.2%6.7%7%4%6.6%-
Value Creation
Index
-0.10.3-0.3-0.7-1.4-0.6-0.5-0.5-0.7-0.5-

Growth Parameters

Sales 4074654743562354516637168449721,043
Sales YoY Gr.-14.3%2.1%-25%-33.9%91.6%47.3%7.9%17.9%15.1%-
Adj EPS 4.16.86.1-9.1-16.98.7-0.83.9-0.245.5
YoY Gr.-65.1%-10.6%-249.8%NANA-109%NA-105.9%NA-
BVPS (₹) 29.152.379.6143.1106.1115.5123.1129.8131133.3133
Adj Net
Profit
6.110.59.9-15.6-30.415.7-1.47-0.47.210
Cash Flow from Ops. 16.625.439.38.415.52848.858.52843.7-
Debt/CF from Ops. 4.22.92.224.311.56.53.32.97.44.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 10.2%32.8%13.6%15.1%
Adj EPS -0.4%NANANA
BVPS18.4%4.7%2.7%1.8%
Share Price 11.7% 1.1% -5.6% -27.8%

Key Financial Parameters

Mar'17Mar'18Mar'19Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Return on
Equity %
26.9179.4-7.5-16.27.9-0.73.1-0.234.1
Op. Profit
Mgn %
9.5107.22.70.78.47-1307.39.28.7
Net Profit
Mgn %
1.52.32.1-4.4-12.93.5-0.21-0.10.70.9
Debt to
Equity
1.60.90.70.80.90.90.70.70.90.9-
Working Cap
Days
798999179193947582798651
Cash Conv.
Cycle
193442788748383135442

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales407465474267235451663716844972
Operating Expenses + 3734234502712354136181,648783883
Manufacturing Costs96104113705586137162176193
Material Costs222258263140126266404408510580
Employee Cost 29333728323543475257
Other Costs 262937322227341,0314552
Operating Profit 334225-403746-9316289
Operating Profit Margin (%) 8.2%9.0%5.2%-1.5%0.1%8.3%6.9%-130.0%7.3%9.2%
Other Income + 01101581,00063
Exceptional Items 05133200000-5
Interest 555513616111523
Depreciation 22232118221928425158
Profit Before Tax 719145-3317101627
Tax 5912-1164-02
Profit After Tax 311133-311641235
PAT Margin (%) 0.6%2.3%2.7%1.0%-13.3%3.6%0.6%1.6%0.3%0.5%
Adjusted EPS (₹)1.87.07.91.6-17.59.12.16.51.52.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Enkei Wheels (India) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25

Equity and Liabilities

Shareholders Fund + 4381129183191208221233235240
Share Capital 7889999999
Reserves 3673121175182199212224226231
Debt +696072138152148134143180178
Long Term Debt61525210012911110511312293
Short Term Debt882038233729305885
Minority Interest0000000000
Trade Payables373940333437658268102
Others Liabilities 84938465739374757980
Total Liabilities 234272326420450486494534562601

Fixed Assets

Net Fixed Assets +129127126140122110231344314323
Gross Block281293314328327316452599608666
Accumulated Depreciation152167188188205207221255294342
CWIP 02551011892181002431
Investments 0000033434
Inventories142352715840756380114
Trade Receivables647144212970578593124
Cash Equivalents 7102041303371277
Others Assets 20402946241220242327
Total Assets 234272326420450486494534562601

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash Flow From Operating Activity + 1725396162849592844
PBT 719145-3317101627
Adjustment 4229179391542457081
Changes in Working Capital -26-1214-710-731-42-43
Tax Paid -7-11-5-1-02-6-4-1-0
Cash Flow From Investing Activity + -20-44-71-89-64-37-42-56-63-34
Capex -21-44-75-76-65-35-42-56-64-28
Net Investments 00-000-3-0-0-0-6
Others 014-13111110
Cash Flow From Financing Activity + 320421043712-33230-15
Net Proceeds from Shares 142335443700000
Net Proceeds from Borrowing 00-149303-71018-27
Interest Paid -3-3-3-4-12-3-15-9-16-15
Dividend Paid 0000000000
Others -8-01215-1811-1102827
Net Cash Flow -021121-113-264-5-5

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Ratios
ROE (%)11.4417.412.141.75-16.778.171.735.151.132.16
ROCE (%)12.3318.19.883.75-5.76.186.667.0146.57
Asset Turnover Ratio1.941.891.590.710.540.961.361.41.541.67
PAT to CFO Conversion(x)5.672.2732N/A1.7512.254.929.338.8
Working Capital Days
Receivable Days51.2051.504444.4038.6040.103536.1038.4040.60
Inventory Days12.9014.1028.8083.7099.6039.8031.6034.9030.8036.40
Payable Days7853.7054.7095.9098.3048.9045.9065.8053.9053.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Enkei Wheels (India) Ltd FAQs

The current trading price of Enkei Wheels (India) on 24-Jun-2026 16:59 is ₹396.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of Enkei Wheels (India) stood at ₹712.6 Cr

The latest P/E ratio of Enkei Wheels (India) as of 23-Jun-2026 is 72.54.

The latest P/B ratio of Enkei Wheels (India) as of 23-Jun-2026 is 2.98.

The 52-week high of Enkei Wheels (India) is ₹568.0 and the 52-week low is ₹356.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Enkei Wheels (India) is ₹1,043 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Enkei Wheels (India) Ltd is a below average quality company.

The key valuation ratios of Enkei Wheels (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Enkei Wheels (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Enkei Wheels (India) Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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