Enkei Wheels

  • Market Cap: Micro Cap
  • Industry: Auto Components & Equipments
  • ISIN: INE130L01014
  • NSEID:
  • BSEID: 533477
INR
375.10
6.4 (1.74%)
BSENSE

Apr 02

BSE+NSE Vol: 398

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Comparison
Company
Score
Quality
Valuation
Financial
Technical
Pradeep Metals
Jay Bharat Maru.
Munjal Auto Inds
Saint-Gob. Sekur
Enkei Wheels
GKW
Menon Bearings
IST
Igarashi Motors
Sterling Tools
Automotive Stamp
Why is Enkei Wheels India Ltd ?
1
Weak Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 3.08%
  • Poor long term growth as Operating profit has grown by an annual rate 17.46% of over the last 5 years
  • Low ability to service debt as the company has a high Debt to EBITDA ratio of 4.02 times
2
With ROCE of 1, it has a Expensive valuation with a 2.5 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 -23.76%, its profits have fallen by -126.4%
3
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
4
Consistent Underperformance against the benchmark over the last 3 years
  • Along with generating -23.76% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods
stock-recommendationReal-Time Research Report
Verdict Report
How much should you sell?
  1. 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
-30.4%
-0.66
35.92%
Sensex
-4.3%
0.44
11.83%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

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%
stock-recommendationValuation
Valuation Scorecard stock-summary
stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary
Factor
Value
P/E Ratio
77
Industry P/E
33
Price to Book Value
2.96
EV to EBIT
36.88
EV to EBITDA
11.09
EV to Capital Employed
1.95
EV to Sales
0.94
PEG Ratio
0.33
Dividend Yield
NA
ROCE (Latest)
0.95%
ROE (Latest)
3.87%
Loading Valuation Snapshot...
stock-recommendationTechnicals
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
stock-recommendationFinancial Trend
Financial Trend Scorecard stock-summary
stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

14What is working for the Company
PBT LESS OI(Q)

At Rs 4.81 cr has Grown at 289.4% (vs previous 4Q average

PAT(Latest six months)

Higher at Rs 15.82 cr

-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 Cr
MOJO 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 cr
MOJO 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 period
MOJO 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