Enkei Wheels (India) Ltd (ENKEIWHEL)

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Enkei Wheels (India) Ltd (ENKEIWHEL) · mywealthgrid

About

Enkei Wheels operates in the auto components segment, manufacturing wheels and related equipment for vehicle OEMs and aftermarket. With ₹711.72 Cr market cap and quarterly revenues around ₹200–300 Cr, it operates within Consumer Discretionary, exposing earnings to automotive production cycles.

Face value: ₹5

Market cap

₹707 Cr

P/E

71.9×

P/B

3.0×

Dividend yield

ROE

—

ROCE

—

Debt / equity

0.88

OPM

8.7%

EPS (TTM)

₹5.5

Book value

₹130.9

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Severe valuation risk: PE 72.45 paired with thin, volatile operating margins (3.9% to 11.31% across recent quarters; current 8.65%) leaves minimal room for earnings disappointment.
Profitability highly unstable—five of last eight quarters posted losses, including ₹0.61 Cr net loss in Mar 2026 despite ₹299 Cr revenue. Drivers and sustainability should be verified.
Moderate leverage (D/E 0.88) in a low-margin business reduces financial flexibility if automotive OEM demand weakens or input costs spike.
Automotive cycle exposure: domestic vehicle production and OEM capex cycles are primary demand drivers; verify current cycle position and inventory levels.

Generated analysis · source review pending

Growth drivers

Quarterly revenue scaled 50% from ₹199.33 Cr (Jun 2024) to ₹299.06 Cr (Mar 2026), indicating expanding order volume; verify if this trajectory survives profitability volatility and is sustainable.
Operating margin reached 11.31% in Sep 2025, demonstrating cost control capability; verify if margin recovery is structural or driven by temporary input-cost relief or product mix.
Auto-components supplier positioned for domestic vehicle production and OEM export supply chains; verify current exposure to EV transition, capex cycles, and OEM consolidation.

Generated analysis · source review pending

2,173 historical price candles were omitted because the exchange source has not been verified.

₹392.6-1.3%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 30% over the last 5 years
+High promoter holding of 75% with no pledge

Cons

−Low return on equity of 4.8% (3-yr avg)
−Weak interest coverage of 1.9×
−Expensive at 71.9× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

51/100

Business quality: 25
Growth: 87
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	400	406	479	474	334	280	509	625	805	861	1,043
COGS	-223	-226	-258	-263	-181	-149	-311	-373	-459	-530	—
	586	604	694	712	522	414	778	972	1,189	1,355	1,032
Operating profit (EBITDA)	37	29	42	26	-7	16	41	26	75	37	90
OPM %	9.3%	7.1%	8.8%	5.4%	-2.1%	5.7%	8.1%	4.2%	9.3%	4.2%	8.7%
Depreciation	26	22	23	21	23	21	20	32	45	52	59
Interest	5	3	5	6	12	7	4	17	11	16	21
	0	0	1	1	—	1	6	13	18	12	8
Profit before tax	-3	9	19	14	-9	-11	23	-9	37	-19	13
Tax	—	5	9	1	1	-1	6	0	12	-8	—
Tax %	—	52.8%	44.2%	6.8%	14.3%	-11.4%	25.9%	1.2%	32.1%	-39.8%	—
	-5	4	11	13	-11	-10	17	-10	25	-12	10
PAT margin %	-1.4%	1%	2.3%	2.7%	-3.2%	-3.5%	3.3%	-1.5%	3.1%	-1.3%	0.9%
EPS (₹)	—	3	7.3	7.9	-6.2	-6	9.4	-5.3	13.9	-3.5	5.5
EPS adjusted (₹)	—	—	—	—	—	-5.5	9.4	-5.3	13.9	—	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity capital	9	9	9	9
Reserves	199	212	224	226
	183	161	167	206
	98	111	134	122
Total equity & liabilities	488	494	534	564
	107	230	344	314
CWIP	218	100	2	43
Investments	—	—	—	—
	164	163	187	207
Total assets	488	494	534	564

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	6	16	28	49	59	21
	-89	-64	-37	-42	-56	-60
Cash from financing	104	37	12	-33	2	34
Net cash flow	21	-11	—	—	4	-5
Free cash flow	-70	-49	-7	6	1	-43
CFO / Operating profit %	24.2%	—	174.5%	118.6%	224.5%	27.6%

Compounded sales growth

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	5.4%	-2.1%	5.7%	8.1%	4.2%	9.3%	4.2%	8.7%
EBIT margin %	0.9%	-9%	-1.9%	4.2%	-1%	3.7%	-1.8%	3%
PAT margin %	2.7%	-3.2%	-3.5%	3.3%	-1.5%	3.1%	-1.3%	0.9%
Working capital
Receivable days	—	—	91	41	49	42	—	—
Inventory days	—	—	56	58	38	40	—	—
Payable days	—	—	2	1	1	2	—	—
NWC days	—	—	146	98	87	80	—	—
Leverage
Current ratio	—	—	1.03	1.02	1.05	1.07	—	—
Debt to EBITDA	—	—	11.41	3.92	6.39	2.77	—	—
Debt to equity	—	—	0.88	0.73	0.71	0.88	—	—
Interest coverage	1.1	-2.6	-0.6	6.1	0.4	4.2	-0.2	1.9
Asset turnover	—	—	0.57	1.03	1.17	1.43	—	—
Return ratios
Return on assets %	—	—	-2%	3.4%	-1.8%	4.4%	—	—
Return on capital employed %	—	—	-1.2%	7.8%	2%	12.6%	—	—
Return on equity %	—	—	-4.7%	7.6%	-4.1%	10.6%	—	—

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.01%	25.02%
No. of shareholders	—	—	—	—	—	—	—	—	3,877	3,833	3,799	3,730

Promoter holding up 0 percentage points since Sep 2023.

Mr. JUNICHI SUZUKINon-Executive - Non Independent Director
Mr. KENJIRO HAMAExecutive Director-MD
Mr. SHAILEDRAJIT CHARANJIT RAINon-Executive - Non Independent Director
Mr. RATANLAL TIKARAM GOELNon-Executive - Independent Director
Mr. SATCHIDANAND ARUN RANADENon-Executive - Independent Director
Mr. MAKOTO MIURAAlternate Director
Ms. KAVITA SETHI JAINNon-Executive - Independent Director
Mr. Dinesh SarnaikChief Financial Officer
Mr. Sourav ChowdhuryCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Enkei Wheels (India) Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results6 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

4 announcementsExport CSV

30 Sept 2026, 8:56 amInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

10 Aug 2026, 10:52 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

29 Jul 2026, 7:08 pmBoard Meeting

Board Meeting Intimation for To Consider The Unaudited Financial Result For The Half Year And Quarter Ended On 30Th June 2026

Exchange filing PDF

4 Jul 2026, 8:37 amCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

Date	Category	Subject	Filing
30 Sept 2026, 8:56 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
10 Aug 2026, 10:52 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	5.4%	-2.1%	5.7%	8.1%	4.2%	9.3%	4.2%	8.7%
EBIT margin %	0.9%	-9%	-1.9%	4.2%	-1%	3.7%	-1.8%	3%
PAT margin %	2.7%	-3.2%	-3.5%	3.3%	-1.5%	3.1%	-1.3%	0.9%
Working capital
Receivable days	—	—	91	41	49	42	—	—
Inventory days	—	—	56	58	38	40	—	—
Payable days	—	—	2	1	1	2	—	—
NWC days	—	—	146	98	87	80	—	—
Leverage
Current ratio	—	—	1.03	1.02	1.05	1.07	—	—
Debt to EBITDA	—	—	11.41	3.92	6.39	2.77	—	—
Debt to equity	—	—	0.88	0.73	0.71	0.88	—	—
Interest coverage	1.1	-2.6	-0.6	6.1	0.4	4.2	-0.2	1.9
Asset turnover	—	—	0.57	1.03	1.17	1.43	—	—
Return ratios
Return on assets %	—	—	-2%	3.4%	-1.8%	4.4%	—	—
Return on capital employed %	—	—	-1.2%	7.8%	2%	12.6%	—	—
Return on equity %	—	—	-4.7%	7.6%	-4.1%	10.6%	—	—

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

Enkei Wheels (India) Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1