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Enkei Wheels share price

Enkei Wheels (India) Ltd.

BSE: 533477 SECTOR: Auto Ancillary  8517   2   0

668.00
-7.65 (-1.13%)
BSE: 06 May 04:01 PM

Price Summary

Today's High

₹ 685

Today's Low

₹ 651.4

52 Week High

₹ 760

52 Week Low

₹ 441

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1200.72 Cr.

Enterprise Value

1355.5 Cr.

No. of Shares

1.8 Cr.

P/E

48.09

P/B

4.96

Face Value

₹ 5

Div. Yield

0 %

Book Value (TTM)

₹  134.69

CASH

11.73 Cr.

DEBT

166.51 Cr.

Promoter Holding

74.97 %

EPS (TTM)

₹  13.89

Sales Growth

7.93%

ROE

5.15 %

ROCE

7.01%

Profit Growth

215.14 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year7.93%
3 Year44.94%
5 Year8.58%

Profit Growth

1 Year215.14%
3 Year33.38%
5 Year-1.69%

ROE%

1 Year5.15%
3 Year5.02%
5 Year0%

ROCE %

1 Year7.01%
3 Year6.62%
5 Year3.58%

Debt/Equity

0.7139

Price to Cash Flow

20.52

Interest Cover Ratio

2.40967770264337

CFO/PAT (5 Yr. Avg.)

51.5395211544768

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 74.97 0
Dec 2023 74.97 0
Sep 2023 74.97 0
Jun 2023 74.97 0
Mar 2023 74.97 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 33.3817041087246% for the Past 3 years.
  • The company has shown a good revenue growth of 44.9381810670737% for the Past 3 years.
  • Company’s PEG ratio is 0.223537477557881.
  • The company has an efficient Cash Conversion Cycle of 9.5384129350888 days.
  • The company has a good cash flow management; CFO/PAT stands at 51.5395211544768.
  • The company has a high promoter holding of 74.97%.

 Limitations

  • Company has a poor ROE of 5.01655288730744% over the past 3 years.
  • The company is trading at a high PE of 48.09.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 132.43 176.69 206.76 200.25 221.61
Total Expenditure 129.62 162.94 184.8 184.32 198.69
Operating Profit 2.82 13.76 21.97 15.93 22.92
Other Income 2.01 9.26 2.17 0.16 6.53
Interest 2.08 2.76 2.86 2.77 2.93
Depreciation 9.3 7.93 11.93 12.39 12.38
Exceptional Items 0 0 0 0 0
Profit Before Tax -6.55 12.33 9.35 0.93 14.15
Tax -2.15 4.29 3.4 -1.19 5.28
Profit After Tax -4.4 8.04 5.95 2.11 8.87
Adjusted EPS (Rs) -2.45 4.47 3.31 1.17 4.93

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Net Sales 266.76 235.2 450.53 663.49 716.14
Total Expenditure 270.72 234.91 413.3 617.77 655.22
Operating Profit -3.96 0.29 37.23 45.72 60.92
Other Income 0.31 1.39 5.4 8.42 8.07
Interest 5.16 12.55 6 16.17 11.39
Depreciation 17.76 21.77 19.15 28.4 41.55
Exceptional Items 31.72 0 0 0 0
Profit Before Tax 5.14 -32.63 17.48 9.57 16.05
Tax 2.42 -1.27 1.2 5.86 4.36
Net Profit 2.73 -31.36 16.28 3.71 11.7
Adjusted EPS (Rs.) 1.6 -17.45 9.06 2.06 6.51

Balance Sheet (All Figures are in Crores.)

Particulars Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Equity and Liabilities
Share Capital 8.54 8.99 8.99 8.99 8.99
Total Reserves 174.67 181.71 198.64 212.24 224.25
Borrowings 100.35 129.16 110.88 105.05 112.91
Other N/C liabilities 26.3 25.33 25.09 23.05 29.43
Current liabilities 110.42 105.29 142.14 144.43 157.97
Total Liabilities 420.27 450.47 485.74 493.76 533.55
Assets
Net Block 139.75 121.73 109.62 231 343.8
Capital WIP 101.4 188.61 217.7 100.22 2.45
Intangible WIP 0 0 0 0 0
Investments 0 0 2.87 3.25 3.91
Loans & Advances 39.76 16.8 9.46 12.6 17.15
Other N/C Assets 0.02 0.03 0.02 0.01 0
Current Assets 139.34 123.31 146.07 146.69 166.24
Total Assets 420.27 450.47 485.74 493.76 533.55
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Profit from operations 5.14 -32.63 17.48 9.57 16.05
Adjustment 8.83 38.55 15.5 42.31 45.26
Changes in Assets & Liabilities -6.51 9.8 -7.11 2.93 1.02
Tax Paid -1.2 -0.18 2.15 -5.98 -3.82
Operating Cash Flow 6.26 15.54 28.01 48.83 58.51
Investing Cash Flow -88.93 -63.83 -36.94 -41.96 -55.82
Financing Cash Flow 103.73 36.87 11.77 -32.89 1.52
Net Cash Flow 21.07 -11.42 2.84 -26.03 4.21

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 74.97 74.97 74.97 74.97 74.97
enkei corporation 74.97 74.97 74.97 74.97 74.97
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 25.03 25.03 25.03 25.03 25.03
llp - 4.76 9.52 4.76 4.77
nastic trading llp 3.17 3.17 3.17 3.17 3.17
neerav a parekh 1.47 1.47 1.47 1.47 1.47
pamela trading llp 1.59 1.59 1.59 1.59 1.59
shailendrajit charanjit r... 1.46 1.46 1.46 1.46 1.46
skyblue trading and inves... 1.42 1.42 1.42 1.42 1.42

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Enkei Wheels (India) informs about newspaper publication29 Apr 2024, 5:22PM Enkei Wheels (India) informs about AGM27 Apr 2024, 5:22PM Enkei Wheels (India) informs about newspaper publication 27 Apr 2024, 2:50PM Enkei Wheels (India) informs about book closure & e-voting dates 27 Apr 2024, 10:19AM Enkei Wheels - Quaterly Results25 Apr 2024, 1:22PM Enkei Wheels - Quaterly Results25 Apr 2024, 1:22PM Enkei Wheels - Quaterly Results25 Apr 2024, 1:22PM Enkei Wheels (India) informs about newspaper publication10 Apr 2024, 6:01PM Enkei Wheels (India) informs about compliances-certificate 5 Apr 2024, 4:15PM Enkei Wheels (India) informs about newspaper publication 24 Feb 2024, 4:04PM Enkei Wheels (India) informs about outcome of board meeting23 Feb 2024, 2:56PM Enkei Wheels India informs about appointment of managing director 23 Feb 2024, 2:52PM Enkei Wheels (India) submits audited financial results 23 Feb 2024, 2:48PM Enkei Wheels - Quaterly Results23 Feb 2024, 2:05PM Enkei Wheels - Quaterly Results23 Feb 2024, 2:05PM Enkei Wheels - Quaterly Results23 Feb 2024, 2:05PM Enkei Wheels (India) informs about certificate23 Jan 2024, 9:50AM Enkei Wheels (India) informs about certificate9 Jan 2024, 9:53AM Enkei Wheels (India) informs about loss of share certificates23 Nov 2023, 12:59PM Enkei Wheels - Quaterly Results30 Oct 2023, 1:30PM Enkei Wheels - Quaterly Results30 Oct 2023, 1:30PM Enkei Wheels - Quaterly Results30 Oct 2023, 1:30PM Enkei Wheels - Quaterly Results3 Aug 2023, 1:40PM Enkei Wheels - Quaterly Results3 Aug 2023, 1:40PM Enkei Wheels - Quaterly Results3 Aug 2023, 1:40PM Enkei Wheels (India) informs about board meeting 27 Jul 2023, 10:08AM Enkei Wheels (India) informs about certificate11 Jul 2023, 3:37PM Enkei Wheels (India) informs about voting results at 14th AGM9 Jun 2023, 4:32PM Enkei Wheels (India) informs about newspaper publication12 May 2023, 9:16AM Enkei Wheels (India) informs about newspaper publication29 Apr 2023, 2:50PM Enkei Wheels - Quaterly Results28 Apr 2023, 1:32PM Enkei Wheels - Quaterly Results28 Apr 2023, 1:32PM Enkei Wheels - Quaterly Results28 Apr 2023, 1:32PM Enkei Wheels (India) informs about board meeting21 Apr 2023, 11:38AM Enkei Wheels (India) informs about loss of share certificate 17 Apr 2023, 9:35AM Enkei Wheels (India) informs about declaration of audit report 3 Mar 2023, 9:54AM Enkei Wheels (India) informs about disclosure 24 Feb 2023, 9:47AM Enkei Wheels - Quaterly Results23 Feb 2023, 1:59PM Enkei Wheels - Quaterly Results23 Feb 2023, 1:59PM Enkei Wheels - Quaterly Results23 Feb 2023, 1:59PM Enkei Wheels (India) informs about update on board meeting 20 Feb 2023, 3:10PM Enkei Wheels (India) informs about certificate25 Jan 2023, 9:52AM Enkei Wheels (India) informs about loss of share certificate 19 Jan 2023, 9:50AM Enkei Wheels (India) informs about trading window closure2 Jan 2023, 2:12PM Enkei Wheels - Quaterly Results8 Nov 2022, 1:27PM Enkei Wheels - Quaterly Results8 Nov 2022, 1:27PM Enkei Wheels - Quaterly Results8 Nov 2022, 1:27PM Enkei Wheels (India) informs about board meeting intimation 1 Nov 2022, 3:04PM Enkei Wheels (India) informs about certificate 7 Oct 2022, 12:03PM Enkei Wheels (India) informs about closure of trading window 30 Sep 2022, 10:11AM

Enkei Wheels Stock Price Analysis and Quick Research Report. Is Enkei Wheels an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Enkei Wheels is performing and if it is the right time to buy the stock of Enkei Wheels with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Enkei Wheels has reported poor sales growth of 7.93469692882043 % and in the latest quarter sales was Rs 221.614 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 10.4602266516051 times for Enkei Wheels . It is managing its inventory poorly .
     
  • Enkei Wheels reported Profit growth of 215.144165992994 % over the year, where the latest year profit is Rs 11.695 Cr compared to the previous year of Rs 3.711 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Enkei Wheels in the latest quarter is Rs 22.923 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Enkei Wheels has a poor ROE of 5.1466430201267 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Enkei Wheels has a low Debt to Equity ratio of 0.7139.
     
  • Enkei Wheels pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • The share of promoter in Enkei Wheels is high at 74.97 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Enkei Wheels is 48.0942301323311 compared to the 5 year average PE of 119.290656306418 .
     
  • Share Price: - The current share price of Enkei Wheels is Rs 668. One can use valuation calculators of ticker to know if Enkei Wheels share price is undervalued or overvalued.
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Brief about Enkei Wheels

Enkei Wheels (India) Limited Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

Enkei Wheels (India) Limited is a renowned company known for its expertise in manufacturing high-quality wheels for automobiles. With a strong reputation in the industry, Enkei Wheels is committed to providing durable and stylish wheel solutions to its customers. Established with a vision to innovate and excel in the automotive sector, the company has carved a niche for itself through its superior products and customer-centric approach.

Share Price Analysis - Enkei Wheels (India) Limited

The share price of Enkei Wheels (India) Limited reflects the market perception of the company's performance and potential. By analyzing the share price trends over time, investors can gain valuable insights into the stock's volatility and momentum. Utilizing our pre-built screening tools, investors can track the share price movements and make informed decisions based on the data provided.

Balance Sheet Overview - Enkei Wheels (India) Limited

Understanding the balance sheet of Enkei Wheels (India) Limited is crucial for investors seeking to assess the company's financial health and stability. Our platform offers exclusive access to the company's annual reports, allowing investors to delve into the details of Enkei Wheels' assets, liabilities, and equity. By utilizing our premium features such as DCF Analysis and BVPS Analysis, investors can evaluate the fair value of the stock based on the balance sheet data.

Annual Report Insights - Enkei Wheels (India) Limited

The annual report of Enkei Wheels (India) Limited provides a comprehensive overview of the company's performance, strategies, and future outlook. Through our website, investors can easily download the annual reports and gain valuable insights into Enkei Wheels' financial performance and operating metrics. By leveraging our tools such as DuPont Analysis, investors can conduct a thorough assessment of the company's profitability and operational efficiency.

Dividend Analysis - Enkei Wheels (India) Limited

Enkei Wheels (India) Limited's dividend policy plays a significant role in attracting long-term investors looking for stable returns. Investors can analyze the company's dividend history and payout ratios to assess its commitment to rewarding shareholders. By accessing our platform's research reports and dividend analysis tools, investors can make informed decisions regarding Enkei Wheels' dividend-paying capabilities.

Quarterly Results Evaluation - Enkei Wheels (India) Limited

Monitoring the quarterly results of Enkei Wheels (India) Limited is essential for investors to gauge the company's performance and trajectory. Our platform provides timely updates on the quarterly results, enabling investors to stay informed about Enkei Wheels' financial status and growth prospects. By utilizing our premium features like Earnings Multiple Approach, investors can analyze the quarterly results and assess the stock's valuation based on earnings data.

Stock Price Trends - Enkei Wheels (India) Limited

Tracking the stock price trends of Enkei Wheels (India) Limited is crucial for investors seeking to capitalize on market opportunities. Investors can access price charts and historical data on our platform to analyze the stock's price movements and patterns. By staying updated on the latest news and developments related to Enkei Wheels, investors can make informed decisions regarding their investment strategies.

News and Concall Transcripts - Enkei Wheels (India) Limited

Access to the latest news and concall transcripts of Enkei Wheels (India) Limited enables investors to stay ahead of market trends and company updates. By utilizing our platform's news feed and transcript download features, investors can gain valuable insights into Enkei Wheels' performance and strategic initiatives. Staying informed about the company's developments is essential for making well-informed investment decisions.

Investor Presentations - Enkei Wheels (India) Limited

Investor presentations by Enkei Wheels (India) Limited offer a comprehensive overview of the company's business model, financial performance, and growth strategies. Investors can download the presentations from our website to gain deeper insights into Enkei Wheels' operations and market positioning. By leveraging our platform's resources, investors can conduct a thorough analysis of the company's investor presentations and make informed investment decisions.

Promoters and Shareholders - Enkei Wheels (India) Limited

Understanding the promoters and major shareholders of Enkei Wheels (India) Limited is vital for investors evaluating the company's ownership structure and governance practices. By accessing our platform's shareholder information and ownership data, investors can assess the influence and stake of key stakeholders in Enkei Wheels. Analyzing the promoter holding and shareholder distribution can provide valuable insights into the company's corporate governance and strategic direction.

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