How has been the historical performance of Enkei Wheels?
Enkei Wheels has experienced significant growth in net sales, increasing from 663.49 Cr in December 2022 to 844.46 Cr in December 2024, but profitability has faced challenges, with profit before tax and profit after tax declining during the same period. Despite rising sales, operating cash flow decreased, leading to a net cash outflow of 5.00 Cr in December 2024.
Answer:The historical performance of Enkei Wheels shows a fluctuating trend in net sales and profitability over the years, with significant growth in recent periods.Breakdown:
Enkei Wheels has demonstrated a notable increase in net sales, rising from 663.49 Cr in December 2022 to 844.46 Cr in December 2024. This growth is reflected in the total operating income, which also increased from 663.49 Cr in December 2022 to 844.46 Cr in December 2024. The raw material costs have risen correspondingly, from 415.90 Cr in December 2022 to 502.28 Cr in December 2024, impacting the operating profit, which slightly increased from 53.25 Cr in December 2022 to 67.11 Cr in December 2024. However, the profit before tax saw a decline from 16.05 Cr in December 2023 to 2.23 Cr in December 2024, while the profit after tax decreased from 11.70 Cr to 2.66 Cr in the same period. The company's total liabilities increased from 533.55 Cr in December 2023 to 562.33 Cr in December 2024, with total assets also rising from 533.55 Cr to 562.33 Cr. Cash flow from operating activities showed a decrease from 58.00 Cr in December 2023 to 20.00 Cr in December 2024, contributing to a net cash outflow of 5.00 Cr in December 2024. Overall, while Enkei Wheels has seen growth in sales and total income, profitability metrics indicate challenges in maintaining consistent profit levels.
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