How has been the historical performance of Enkei Wheels?

Nov 06 2025 10:59 PM IST

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Enkei Wheels has shown significant growth in net sales, increasing from 266.76 Cr in 2019 to 844.46 Cr in 2024, but faced profitability challenges with declines in profit before tax and profit after tax in 2024. Total assets and liabilities rose to 562.33 Cr, while cash flow from operating activities decreased, indicating potential liquidity concerns.

Answer:

The historical performance of Enkei Wheels shows a significant increase in net sales over the years, rising from 266.76 Cr in 2019 to 844.46 Cr in 2024. Total operating income has followed a similar upward trend, reaching 844.46 Cr in 2024, compared to 716.14 Cr in 2023 and 663.49 Cr in 2022. However, the company has faced fluctuations in operating profit, with a peak of 68.31 Cr in 2023, slightly declining to 67.11 Cr in 2024. Profit before tax has also varied, showing a decrease from 16.05 Cr in 2023 to 2.23 Cr in 2024, while profit after tax dropped from 11.70 Cr in 2023 to 2.66 Cr in 2024. The earnings per share (EPS) have seen a decline from 6.51 in 2023 to 1.48 in 2024. On the balance sheet, total assets increased from 420.27 Cr in 2019 to 562.33 Cr in 2024, with total liabilities also rising from 420.27 Cr to 562.33 Cr during the same period. Cash flow from operating activities has decreased from 58.00 Cr in 2023 to 20.00 Cr in 2024, while cash flow from investing activities has remained negative, indicating ongoing investments. Breakdown: Enkei Wheels has demonstrated a strong growth trajectory in net sales, which increased significantly from 266.76 Cr in 2019 to 844.46 Cr in 2024, reflecting a robust demand for its products. Total operating income mirrored this growth, reaching 844.46 Cr in 2024. However, the operating profit showed some volatility, peaking at 68.31 Cr in 2023 before slightly declining to 67.11 Cr in 2024. Profit before tax and profit after tax both experienced a downturn in 2024, with profit before tax falling to 2.23 Cr and profit after tax to 2.66 Cr. The earnings per share also decreased from 6.51 in 2023 to 1.48 in 2024, indicating challenges in profitability. On the balance sheet, total assets rose to 562.33 Cr in 2024, alongside total liabilities, which also increased to the same figure, suggesting a consistent leverage strategy. The cash flow from operating activities saw a decline, indicating potential liquidity concerns, while cash flow from investing activities remained negative, suggesting ongoing capital expenditures.

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