Enkei Wheels India Share Price & Earnings Call Analysis

₹406.45+3.32% today
Market cap
₹731 Cr
P/E
28.65
ROE
4.13%
PEG
0.82
Price to sales
0.65
Debt to equity
0.88
52W high / low
₹537 / ₹342
Sales growth (5Y)
32.80%
EBITDA margin
9.53%
Net profit margin
1.01%
Promoter holding
74.97%
Sales (last year)
₹1,129 Cr

Incorporated in 2009, Enkei Wheels India Ltd manufactures aluminium alloy casting wheels[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹2,874 Cr45.4
240%+Flat₹2,116 Cr55.2
340%+Flat₹370 Cr15.1
420–40%Up 2%+₹25,664 Cr73.6
520–40%Up 0–2%₹21,742 Cr33.9
620–40%Up 0–2%₹11,707 Cr41.0

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Financials of Enkei Wheels

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Enkei Wheels

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +132.43176.69206.76200.25221.61189.03238.62195.20227.98233.16265.11245.38299.06
Expenses +129.61162.93182.46179.26198.84180.86216.15187.35216.81216.31235.12220.83280.28
Operating Profit2.8213.7624.3020.9922.778.1722.477.8511.1716.8529.9924.5518.78
OPM %2.13%7.79%11.75%10.48%10.27%4.32%9.42%4.02%4.90%7.23%11.31%10.00%6.28%
Other Income +2.019.26-0.17-4.826.535.63-11.675.370.142.080.350.450.07
Interest2.082.762.862.852.783.434.063.755.086.145.034.874.93
Depreciation9.307.9311.9312.3912.3812.5712.7713.1613.4414.5114.9214.8714.57
Profit before tax-6.5512.339.340.9314.14-2.20-6.03-3.69-7.21-1.7210.395.26-0.65
Tax %-32.82%34.79%36.40%-127.96%37.34%-159.55%-24.38%-19.78%-26.49%0.00%23.58%20.15%-6.15%
Net Profit +-4.408.045.952.118.871.31-4.56-2.97-5.30-1.717.944.21-0.61
EPS in Rs-2.454.473.311.174.930.73-2.54-1.65-2.95-0.954.422.34-0.34

Financials of Enkei Wheels

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019 9mDec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales +3843854074654742672354516637168449721,043
Expenses +346346373423450270235413617655783882953
Operating Profit3840344225-40384661628990
OPM %10%10%8%9%5%-1%0%8%7%9%7%9%9%
Other Income +0-1206153212886-23
Interest8555551331611152321
Depreciation28262223211822192842515859
Profit before tax2-3719145-331710162713
Tax %-21%91%63%44%7%47%-4%7%61%27%-19%24%
Net Profit +2-5311133-31164123510
EPS in Rs1.70-3.871.846.997.851.60-17.459.062.066.511.482.855.47
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Enkei Wheels

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity Capital777889999999
Reserves12-53673121175182199212224226231
Borrowings +8879697386152184187162167206210
Other Liabilities +177158123121115877894110134122155
Total Liabilities283239236275330423452488494534564605
Fixed Assets +164131129127126140122110231344314323
CWIP0002551011892181002431
Investments000000033434
Other Assets +119108107147148182142158159183204277
Total Assets283239236275330423452488494534564605

Financials of Enkei Wheels

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity +26131725396162849592844
Cash from Investing Activity +-11-6-20-44-71-89-64-37-42-56-63-34
Cash from Financing Activity +-34-8320421043712-33230-15
Net Cash Flow-18-1-021121-113-264-5-5
Free Cash Flow157-4-19-36-70-49-762-3616
CFO/OP70%33%70%88%180%-213%3,834%68%118%102%48%49%

Financials of Enkei Wheels

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days546158563429445731434046
Inventory Days31332233721831685667565772
Days Payable113102615556871005158744964
Cash Conversion Cycle-28-81934491261136240264954
Working Capital Days-61430224-17-18-23-3-257
ROCE %8%15%12%14%3%-9%-6%6%7%7%4%8%
24out of 100

Momentum score · price trend

24 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−17.8%39%
Last 6 months−6.3%44%
Last 3 months+5.6%77%

The price is 46.1% below its all-time high of ₹729.9 (2 Aug 2024). Stocks more than 20% below their peak have their score halved, so 49 became 24.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Enkei Wheels: 0.4 × 39 + 0.4 × 44 + 0.2 × 77 = 49, halved to 24 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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