Why is Enkei Wheels India Ltd ?
1
Poor Management Efficiency with a low ROCE of 3.08%
- The company has been able to generate a Return on Capital Employed (avg) of 3.08% signifying low profitability per unit of total capital (equity and debt)
2
Low ability to service debt as the company has a high Debt to EBITDA ratio of 4.02 times
- Low ability to service debt as the company has a high Debt to EBITDA ratio of 4.02 times
- The company has been able to generate a Return on Equity (avg) of 3.66% signifying low profitability per unit of shareholders funds
3
With ROCE of 1, it has a Expensive valuation with a 2 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -25.33%, its profits have risen by 232.5% ; the PEG ratio of the company is 0.4
4
Despite the size of the company, domestic mutual funds hold only 0% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Auto Components & Equipments)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Enkei Wheels for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Enkei Wheels
-25.33%
-0.75
33.63%
Sensex
-5.47%
-0.43
12.65%
Quality key factors
Factor
Value
Sales Growth (5y)
32.80%
EBIT Growth (5y)
25.65%
EBIT to Interest (avg)
2.53
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
1.06
Sales to Capital Employed (avg)
1.49
Tax Ratio
23.63%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.02%
ROCE (avg)
2.33%
ROE (avg)
3.66%
Valuation Key Factors 
Factor
Value
P/E Ratio
81
Industry P/E
33
Price to Book Value
3.12
EV to EBIT
38.32
EV to EBITDA
11.53
EV to Capital Employed
2.03
EV to Sales
0.98
PEG Ratio
0.35
Dividend Yield
NA
ROCE (Latest)
0.95%
ROE (Latest)
3.87%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
Technical Movement
14What is working for the Company
PAT(9M)
At Rs 14.11 cr has Grown at 326.78%
PBT LESS OI(Q)
At Rs 4.81 cr has Grown at 289.4% (vs previous 4Q average
-3What is not working for the Company
INTEREST(9M)
At Rs 16.04 cr has Grown at 24.44%
NON-OPERATING INCOME(Q)
is 51.12 % of Profit Before Tax (PBT
Loading Valuation Snapshot...
Here's what is working for Enkei Wheels
Profit After Tax (PAT) - Latest six months
At Rs 15.82 cr has Grown at 310.04%
Year on Year (YoY)MOJO Watch
PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 4.81 cr has Grown at 289.4% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs -2.54 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Latest six months
Higher at Rs 15.82 cr
than preceding 12 month period ended Dec 2025 of Rs -14.54 crMOJO Watch
In the half year the company has already crossed PAT of the previous twelve months
PAT (Rs Cr)
Here's what is not working for Enkei Wheels
Interest - Nine Monthly
At Rs 16.04 cr has Grown at 24.44%
over preceding nine months periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
Non Operating Income - Quarterly
is 51.12 % of Profit Before Tax (PBT)
MOJO Watch
The company's income from non business activities is high; which is not a sustainable business model
Non Operating Income to PBT






