Enkei Wheels (India) Limited

BSE: ENKEIWHEL · Auto Components & Equipments

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52W Range₹319 – ₹568

Snapshot

Unlock Enkei Wheels (India) Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Enkei Wheels (India) Ltd. is a manufacturer specialising in the production and sale of aluminium alloy wheels. The company serves both the two-wheeler and four-wheeler automotive segments.

Business Model

The company generates revenue through the manufacturing and supply of alloy wheels to automotive original equipment manufacturers (OEMs). Its business model relies on high-volume production capabilities and technical expertise in aluminium casting.

Growth Outlook

Growth is primarily driven by the increasing penetration of alloy wheels in the Indian automotive market and rising demand for premium vehicle segments. The company aims to leverage its manufacturing infrastructure to meet evolving OEM requirements.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of aluminium, a primary raw material, can significantly impact the company's operating margins.
  • Cyclicality of Automotive Industry. The company's performance is highly dependent on the cyclical demand patterns of the Indian automotive sector.
  • Customer Concentration. Heavy reliance on a limited number of automotive OEM clients poses a risk if those manufacturers experience reduced production volumes.
  • Technological Obsolescence. Failure to keep pace with changing design trends or manufacturing technologies in the alloy wheel industry could erode market share.

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Key Metrics

REVENUE

₹1,129 Cr

TTM · standalone

+26.1%YoY

NET PROFIT

₹23 Cr

TTM · standalone

+4525.0%YoY

EPS

₹12.80

TTM · standalone

+4513.8%YoY

RETURN ON EQUITY

9.6%

TTM · standalone

+9.8 ppYoY

RETURN ON CAPITAL EMPLOYED

13.3%

TTM · standalone

+8.2 ppYoY

P/E

30.7×

Q1 FY27 · standalone

30.7 vs -52.1x5Y avg

EV/EBITDA

8.9x

Q1 FY27 · standalone

8.9 vs 14.5x5Y avg

EBITDA MARGIN

10.1%

TTM · standalone

+2.1 ppYoY

NET PROFIT MARGIN

3.2%

Q1 FY27 · standalone

+2.5 ppYoY

DEBT TO EQUITY

1.2x

Q1 FY27 · standalone

+0.13xYoY

Peers · Auto Components & Equipments

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Enkei Wheels (India) LimitedENKEIWHEL
₹718 Cr30.7×8.8726.1%10.1%9.6%13.3%-19.0%
Sterling ToolsSTERTOOLS
₹807 Cr31.0×10.09—10.4%5.0%9.8%-29.0%
ISTISTLTD
₹764 Cr4.5×3.5013.9%164.8%10.4%12.7%-26.8%
Automotive Stampings and Assemblies LimitedASAL
₹717 Cr22.7×12.0928.3%6.5%132.9%55.7%-28.0%
ZF Steering Gear (India) LimitedZFSTEERING
₹638 Cr32.4×8.2216.5%15.4%3.8%8.1%-31.0%
Kinetic Engineering Ltd.KINETICENG
₹609 Cr-53.2×237.1625.1%1.6%-9.7%-3.4%-22.0%

As of Q1 FY27

Financials