Enkei Wheels

Why is Enkei Wheels India Ltd falling/rising?

As of 11-Jun, Enkei Wheels India Ltd's stock price is 399.50, showing a slight increase today but a significant decline over the year with an 18.24% year-to-date drop. Despite outperforming its sector today, the stock has underperformed compared to the Sensex and is trading below key moving averages, indicating a bearish trend.

As of 11-Jun, Enkei Wheels India Ltd's stock price is currently at 399.50, reflecting a slight increase of 0.35 (0.09%). Despite this small rise today, the stock has shown a significant decline over various periods, with a year-to-date decrease of 18.24% and a one-year decline of 24.61%. <BR><BR>In comparison to the benchmark Sensex, which has decreased by 13.36% year-to-date, Enkei Wheels has underperformed. The stock's performance over the last month is particularly concerning, with a drop of 9.51% compared to a 2.87% decline in the Sensex. Additionally, over the past three years, while the Sensex has gained 17.90%, Enkei Wheels has fallen by 15.54%.<BR><BR>Today, the stock has outperformed its sector by 0.52%, which is a positive sign. However, it is trading below all key moving averages, indicating a bearish trend. On a more positive note, there has been a notable increase in investor participation, with delivery volume rising by 226.99% against the five-day average, suggesting growing interest among investors.<BR><BR>Overall, while there is a minor uptick in price today, the broader trend indicates that Enkei Wheels India Ltd is experiencing a decline in value over longer periods, influenced by its underperformance relative to the market and significant historical losses.

What does Enkei Wheels do?

Enkei Wheels India Ltd is a manufacturer of aluminium alloy wheels for two- and four-wheelers, incorporated in 2009, with a market cap of INR 719 Cr. As of March 2026, it reported net sales of 299 Cr and a net profit of -1 Cr.

Overview:<BR>Enkei Wheels India Ltd is a leading manufacturer of aluminium alloy wheels for two-wheelers and four-wheelers, operating in the Auto Components & Equipments industry within the micro-cap market.<BR><BR>History:<BR>Enkei Wheels India Ltd was incorporated on March 30, 2009, and obtained a Certificate of Commencement of Business on May 29, 2009. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 299 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: -1 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 719 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 53.00 <BR>Industry P/E: 36 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.85 <BR>Return on Equity: 5.69% <BR>Price-to-Book: 2.99 <BR><BR>Contact Details:<BR>Address: Gat No 1425 Village Shikrapur, Taluka Shirur Pune Maharashtra : 412208 <BR>Phone: 91-2137-618700 <BR>Email: secretarial@enkei.in <BR>Website: http://www.enkei.in

Which are the latest news on Enkei Wheels?

How big is Enkei Wheels?

As of 10th June, Enkei Wheels India Ltd has a market capitalization of 719.00 Cr, with recent net sales of 189.40 Cr and a net profit of 0.00 Cr. Shareholder's funds are 239.66 Cr and total assets are valued at 600.77 Cr as of December 2025.

As of 10th June, Enkei Wheels India Ltd has a market capitalization of 719.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest two quarters, the sum of Net Sales is reported at 189.40 Cr, while the Net Profit stands at a loss of 0.00 Cr.<BR><BR>The latest annual period for the balance sheet is December 2025, with Shareholder's Funds amounting to 239.66 Cr and Total Assets valued at 600.77 Cr.

Who are in the management team of Enkei Wheels?

The management team of Enkei Wheels includes Junichi Suzuki, Haresh Shah, Shailendrajit Rai, Satyavara Prasad Garimella, Kazuo Suzuki, Jeevanjyoti Nayak, Smita Patti, Sourav Chowdhury, and Makoto Miura, who oversee the company's operations and strategic direction.

The management team of Enkei Wheels includes the following individuals:<BR><BR>1. **Junichi Suzuki** - Director<BR>2. **Haresh Shah** - Independent Director<BR>3. **Shailendrajit Rai** - Director<BR>4. **Satyavara Prasad Garimella** - Independent Director<BR>5. **Kazuo Suzuki** - Managing Director<BR>6. **Jeevanjyoti Nayak** - Company Secretary & Compliance Officer<BR>7. **Smita Patti** - Independent Director<BR>8. **Sourav Chowdhury** - Company Secretary & Compliance Officer<BR>9. **Makoto Miura** - Alternate Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Who are the peers of the Enkei Wheels?

Enkei Wheels' peers include Menon Bearings, Pradeep Metals, and Automotive Stamp, among others. Enkei Wheels has below-average management risk and capital structure, with a 1-year return of -24.51%.

Peers: The peers of Enkei Wheels are Menon Bearings, Pradeep Metals, Automotive Stamp, IST, Sterling Tools, Hind.Composites, Z F Steering, Veljan Denison, Triton Valves, and Kinetic Engg.<BR><BR>Quality Snapshot: Excellent management risk is observed at IST and Sterling Tools, while Average management risk is found at Menon Bearings, Pradeep Metals, Automotive Stamp, Hind.Composites, and Veljan Denison. Below Average management risk is noted for Enkei Wheels, Z F Steering, and Kinetic Engg. Growth is Excellent at Enkei Wheels, while Average growth is seen at Menon Bearings, Pradeep Metals, and Hind.Composites. Good growth is noted for Automotive Stamp and Z F Steering, while Below Average growth is observed at IST, Sterling Tools, Veljan Denison, Triton Valves, and Kinetic Engg. Capital Structure is Excellent at IST, Sterling Tools, and Hind.Composites, while Good capital structure is noted for Menon Bearings. Below Average capital structure is observed at Enkei Wheels, Automotive Stamp, and Triton Valves.<BR><BR>Return Snapshot: Pradeep Metals has the highest 1-year return at 89.63%, while Automotive Stamp has the lowest at -16.58%. Enkei Wheels' 1-year return of -24.51% is lower than both. Additionally, the six-month return is negative for IST, Sterling Tools, Enkei Wheels, Hind.Composites, Z F Steering, and Kinetic Engg.

Should I buy, sell or hold Enkei Wheels India Ltd?

When is the next results date for Enkei Wheels India Ltd?

The next results date for Enkei Wheels India Ltd is 12 May 2026.

The next results date for Enkei Wheels India Ltd is scheduled for 12 May 2026.

Is Enkei Wheels overvalued or undervalued?

As of November 4, 2025, Enkei Wheels is considered overvalued with a PE Ratio of -59.22 and an EV to EBITDA of 18.18, significantly underperforming its peers and the Sensex, with a year-to-date return of -29.06%.

As of 4 November 2025, Enkei Wheels has moved from a fair to an expensive valuation grade. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE Ratio of -59.22, an EV to EBITDA of 18.18, and a Price to Book Value of 3.66, which indicate significant concerns regarding profitability and valuation relative to its assets.<BR><BR>In comparison to its peers, Enkei Wheels' valuation stands out unfavorably; for instance, Samvardhana Motherson has a PE Ratio of 32.28 and an EV to EBITDA of 11.83, while Endurance Tech is valued fairly with a PE of 47.98 and an EV to EBITDA of 24.61. These comparisons highlight that Enkei Wheels is not only underperforming in terms of profitability but also appears to be priced higher than its more successful competitors. Additionally, the company's stock has underperformed relative to the Sensex, with a year-to-date return of -29.06% compared to the Sensex's 6.81%, reinforcing the notion that it may be overvalued at its current price of 479.00.

Are Enkei Wheels latest results good or bad?

Enkei Wheels reported strong Q3 FY26 results with a record net profit of ₹7.94 crores and net sales of ₹265.11 crores, indicating a positive operational turnaround. However, concerns about high valuation and inconsistent historical profitability suggest a cautious investment outlook.

Enkei Wheels has recently reported impressive results for Q3 FY26, marking a significant operational turnaround. The company achieved a record net profit of ₹7.94 crores, which is a remarkable increase compared to previous periods. Net sales also reached a record high of ₹265.11 crores, reflecting robust demand across both two-wheeler and four-wheeler segments. Additionally, the operating margin improved to 11.31%, the highest recorded in recent quarters.<BR><BR>These results indicate a positive trend in the company's operational performance, showcasing its ability to manage costs effectively and improve profitability despite challenges in the broader economic environment. However, it is essential to note that while the quarterly performance is strong, there are underlying concerns regarding the company's valuation and historical profitability metrics. The stock is currently considered expensive relative to its peers, with a price-to-book value of 3.66x, and it has struggled with low returns on equity.<BR><BR>In summary, while the latest results are good and indicate a positive shift for Enkei Wheels, the overall investment outlook remains cautious due to valuation concerns and a history of inconsistent profitability.

How has been the historical performance of Enkei Wheels?

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:<BR>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. <BR><BR>Breakdown:<BR>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.

Is Enkei Wheels technically bullish or bearish?

As of October 24, 2025, Enkei Wheels shows a mildly bearish trend overall, with mixed signals from various indicators suggesting a cautious outlook.

As of 24 October 2025, the technical trend for Enkei Wheels has changed from bearish to mildly bearish. The current stance is mildly bearish overall, driven by the weekly MACD indicating mild bullishness, while the monthly MACD remains bearish. The RSI shows no signal on the weekly chart but is bullish on the monthly. Bollinger Bands are mildly bearish on both weekly and monthly time frames. Daily moving averages are also mildly bearish. KST and Dow Theory present a mixed view, with weekly indicators showing bearishness and monthly indicators showing mild bullishness. Overall, the mixed signals and the current price action suggest a cautious outlook.

Who are the top shareholders of the Enkei Wheels?

The top shareholders of Enkei Wheels are Enkei Corporation with 74.97%, Nastic Trading LLP at 3.17%, and individual investors holding 15.23%. Additionally, three foreign institutional investors own a combined 0.02%, with no mutual funds holding shares.

The top shareholders of Enkei Wheels include Enkei Corporation, which holds a significant majority stake of 74.97%. Other notable shareholders are Nastic Trading LLP, with a holding of 3.17%, and individual investors collectively owning 15.23%. Additionally, there are three foreign institutional investors (FIIs) that hold a small portion of the company, totaling 0.02%. There are no mutual funds currently holding shares in Enkei Wheels.

Has Enkei Wheels declared dividend?

No Dividend History Available