Enkei Wheels India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 11, 2025, 11:29 pm

Market Cap	944 Cr.
Current Price	525
High / Low	760/488
Stock P/E	355
Book Value	131
Dividend Yield	0.00 %
ROCE	3.86 %
ROE	1.14 %
Face Value	5.00
PEG Ratio	4.33

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Enkei Wheels India Ltd

Competitors of Enkei Wheels India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Enkei Wheels India Ltd	944 Cr.	525	760/488	355	131	0.00 %	3.86 %	1.14 %	5.00
Wheels India Ltd	1,557 Cr.	638	915/544	14.0	356	1.16 %	12.3 %	7.38 %	10.0
Steel Strips Wheels Ltd	2,992 Cr.	190	248/167	14.3	92.0	0.53 %	18.7 %	17.7 %	1.00
Industry Average	1,831.00 Cr	451.00		127.77	193.00	0.56%	11.62%	8.74%	5.33

All Competitor Stocks of Enkei Wheels India Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	150.56	170.66	159.41	184.71	148.72	132.43	176.69	206.76	200.25	221.61	199.33	238.62	195.20
Expenses	137.14	155.56	163.31	162.44	153.47	129.61	162.93	182.46	179.26	198.69	186.47	216.15	187.35
Operating Profit	13.42	15.10	-3.90	22.27	-4.75	2.82	13.76	24.30	20.99	22.92	12.86	22.47	7.85
OPM %	8.91%	8.85%	-2.45%	12.06%	-3.19%	2.13%	7.79%	11.75%	10.48%	10.34%	6.45%	9.42%	4.02%
Other Income	1.93	3.64	8.87	3.17	0.09	2.01	9.26	-0.17	-4.82	6.53	0.63	-11.67	5.37
Interest	0.64	0.70	1.69	2.38	1.75	2.08	2.76	2.86	2.85	2.93	3.12	4.06	3.75
Depreciation	4.26	5.53	6.35	8.32	8.21	9.30	7.93	11.93	12.39	12.38	12.57	12.77	13.16
Profit before tax	10.45	12.51	-3.07	14.74	-14.62	-6.55	12.33	9.34	0.93	14.14	-2.20	-6.03	-3.69
Tax %	28.90%	28.86%	47.56%	8.75%	-3.35%	-32.82%	34.79%	36.40%	-127.96%	37.34%	-159.55%	-24.38%	-19.78%
Net Profit	7.43	8.90	-4.53	13.45	-14.12	-4.40	8.04	5.95	2.11	8.87	1.31	-4.56	-2.97
EPS in Rs	4.13	4.95	-2.52	7.48	-7.86	-2.45	4.47	3.31	1.17	4.93	0.73	-2.54	-1.65

Last Updated: March 4, 2025, 12:25 am

Below is a detailed analysis of the quarterly data for Enkei Wheels India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 195.20 Cr.. The value appears to be declining and may need further review. It has decreased from 238.62 Cr. (Sep 2024) to 195.20 Cr., marking a decrease of 43.42 Cr..
For Expenses, as of Dec 2024, the value is 187.35 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 216.15 Cr. (Sep 2024) to 187.35 Cr., marking a decrease of 28.80 Cr..
For Operating Profit, as of Dec 2024, the value is 7.85 Cr.. The value appears to be declining and may need further review. It has decreased from 22.47 Cr. (Sep 2024) to 7.85 Cr., marking a decrease of 14.62 Cr..
For OPM %, as of Dec 2024, the value is 4.02%. The value appears to be declining and may need further review. It has decreased from 9.42% (Sep 2024) to 4.02%, marking a decrease of 5.40%.
For Other Income, as of Dec 2024, the value is 5.37 Cr.. The value appears strong and on an upward trend. It has increased from -11.67 Cr. (Sep 2024) to 5.37 Cr., marking an increase of 17.04 Cr..
For Interest, as of Dec 2024, the value is 3.75 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4.06 Cr. (Sep 2024) to 3.75 Cr., marking a decrease of 0.31 Cr..
For Depreciation, as of Dec 2024, the value is 13.16 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12.77 Cr. (Sep 2024) to 13.16 Cr., marking an increase of 0.39 Cr..
For Profit before tax, as of Dec 2024, the value is -3.69 Cr.. The value appears strong and on an upward trend. It has increased from -6.03 Cr. (Sep 2024) to -3.69 Cr., marking an increase of 2.34 Cr..
For Tax %, as of Dec 2024, the value is -19.78%. The value appears to be increasing, which may not be favorable. It has increased from -24.38% (Sep 2024) to -19.78%, marking an increase of 4.60%.
For Net Profit, as of Dec 2024, the value is -2.97 Cr.. The value appears strong and on an upward trend. It has increased from -4.56 Cr. (Sep 2024) to -2.97 Cr., marking an increase of 1.59 Cr..
For EPS in Rs, as of Dec 2024, the value is -1.65. The value appears strong and on an upward trend. It has increased from -2.54 (Sep 2024) to -1.65, marking an increase of 0.89.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 4:08 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Dec 2019n n 9m	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales	320	384	385	407	465	474	267	235	451	663	716	844
Expenses	299	346	346	373	423	450	270	235	413	617	655	783
Operating Profit	21	38	40	34	42	25	-4	0	38	46	61	61
OPM %	7%	10%	10%	8%	9%	5%	-1%	0%	8%	7%	9%	7%
Other Income	6	0	-12	0	6	15	32	1	2	8	8	6
Interest	9	8	5	5	5	5	5	13	3	16	11	14
Depreciation	18	28	26	22	23	21	18	22	19	28	42	51
Profit before tax	1	2	-3	7	19	14	5	-33	17	10	16	2
Tax %	20%	-21%	91%	63%	44%	7%	47%	-4%	7%	61%	27%	-19%
Net Profit	1	2	-5	3	11	13	3	-31	16	4	12	3
EPS in Rs	0.42	1.70	-3.87	1.84	6.99	7.85	1.60	-17.45	9.06	2.06	6.51	1.48
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020
YoY Net Profit Growth (%)	100.00%	-350.00%	160.00%	266.67%	18.18%	-338.46%
Change in YoY Net Profit Growth (%)	0.00%	-450.00%	510.00%	106.67%	-248.48%	-356.64%

Enkei Wheels India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2014-2015 to 2019-2020.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	26%
3 Years:	23%
TTM:	18%

Compounded Profit Growth
10 Years:	10%
5 Years:	16%
3 Years:	-46%
TTM:	-77%

Stock Price CAGR
10 Years:	15%
5 Years:	24%
3 Years:	13%
1 Year:	-5%

Return on Equity
10 Years:	0%
5 Years:	0%
3 Years:	3%
Last Year:	1%

Last Updated: Unknown

Balance Sheet

Last Updated: March 14, 2025, 1:50 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Equity Capital	6	7	7	7	8	8	9	9	9	9	9	9
Reserves	10	12	-5	36	73	121	175	182	199	212	224	226
Borrowings	121	88	79	69	73	86	152	184	187	162	167	206
Other Liabilities	180	177	158	123	121	115	87	78	94	110	134	122
Total Liabilities	318	283	239	236	275	330	423	452	488	494	534	564
Fixed Assets	181	164	131	129	127	126	140	122	110	231	344	314
CWIP	0	0	0	0	2	55	101	189	218	100	2	43
Investments	0	0	0	0	0	0	0	0	3	3	4	3
Other Assets	136	119	108	107	147	148	182	142	158	159	183	204
Total Assets	318	283	239	236	275	330	423	452	488	494	534	564

Below is a detailed analysis of the balance sheet data for Enkei Wheels India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Equity Capital, as of Dec 2024, the value is ₹9.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2023) which recorded 9.00 Cr..
For Reserves, as of Dec 2024, the value is ₹226.00 Cr.. The value appears strong and on an upward trend. It has increased from 224.00 Cr. (Dec 2023) to ₹226.00 Cr., marking an increase of 2.00 Cr..
For Borrowings, as of Dec 2024, the value is ₹206.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 167.00 Cr. (Dec 2023) to ₹206.00 Cr., marking an increase of 39.00 Cr..
For Other Liabilities, as of Dec 2024, the value is ₹122.00 Cr.. The value appears to be improving (decreasing). It has decreased from 134.00 Cr. (Dec 2023) to ₹122.00 Cr., marking a decrease of 12.00 Cr..
For Total Liabilities, as of Dec 2024, the value is ₹564.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 534.00 Cr. (Dec 2023) to ₹564.00 Cr., marking an increase of 30.00 Cr..
For Fixed Assets, as of Dec 2024, the value is ₹314.00 Cr.. The value appears to be declining and may need further review. It has decreased from 344.00 Cr. (Dec 2023) to ₹314.00 Cr., marking a decrease of 30.00 Cr..
For CWIP, as of Dec 2024, the value is ₹43.00 Cr.. The value appears strong and on an upward trend. It has increased from 2.00 Cr. (Dec 2023) to ₹43.00 Cr., marking an increase of 41.00 Cr..
For Investments, as of Dec 2024, the value is ₹3.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4.00 Cr. (Dec 2023) to ₹3.00 Cr., marking a decrease of 1.00 Cr..
For Other Assets, as of Dec 2024, the value is ₹204.00 Cr.. The value appears strong and on an upward trend. It has increased from 183.00 Cr. (Dec 2023) to ₹204.00 Cr., marking an increase of 21.00 Cr..
For Total Assets, as of Dec 2024, the value is ₹564.00 Cr.. The value appears strong and on an upward trend. It has increased from 534.00 Cr. (Dec 2023) to ₹564.00 Cr., marking an increase of 30.00 Cr..

Notably, the Reserves (226.00 Cr.) exceed the Borrowings (206.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operating Activity +	18	26	13	17	25	39	6	16	28	49	59	21
Cash from Investing Activity +	-15	-11	-6	-20	-44	-71	-89	-64	-37	-42	-56	-60
Cash from Financing Activity +	-25	-34	-8	3	20	42	104	37	12	-33	2	34
Net Cash Flow	-22	-18	-1	-0	2	11	21	-11	3	-26	4	-5

Free Cash Flow

Month	Dec 2019n n 9m	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019
Free Cash Flow	-4.00	-184.00	-149.00	-116.00	-106.00	-145.00	-100.00	-50.00	-39.00	-35.00	-31.00	-61.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Debtor Days	63	54	61	58	56	34	29	44	57	31	43	40
Inventory Days	21	31	33	22	33	72	183	168	56	67	56	57
Days Payable	106	113	102	61	55	56	87	100	51	58	65	49
Cash Conversion Cycle	-21	-28	-8	19	34	49	126	113	62	40	34	49
Working Capital Days	16	11	29	38	28	19	35	21	37	29	26	39
ROCE %	3%	8%	15%	12%	14%	3%	-9%	-6%	6%	7%	7%	4%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%
FIIs	0.00%	0.00%	0.02%	0.02%	0.00%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Public	25.03%	25.03%	25.01%	25.02%	25.04%	25.02%	25.02%	25.02%	25.01%	25.02%	25.01%	25.02%
No. of Shareholders	3,590	3,572	3,532	3,653	3,690	3,733	3,766	3,710	3,911	4,526	4,161	4,028

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	6.51	2.06	9.06	-17.96	1.61
Diluted EPS (Rs.)	6.51	2.06	9.06	-17.96	1.61
Cash EPS (Rs.)	29.62	17.86	19.71	-5.34	12.00
Book Value[Excl.RevalReserv]/Share (Rs.)	120.95	114.27	115.51	106.09	107.29
Book Value[Incl.RevalReserv]/Share (Rs.)	120.95	114.27	115.51	106.09	107.29
Revenue From Operations / Share (Rs.)	398.43	369.14	250.65	130.86	156.22
PBDIT / Share (Rs.)	38.00	29.63	21.52	0.69	-2.54
PBIT / Share (Rs.)	14.88	13.83	10.87	-11.42	-12.94
PBT / Share (Rs.)	8.93	5.33	9.72	-18.15	3.01
Net Profit / Share (Rs.)	6.51	2.06	9.06	-17.45	1.60
PBDIT Margin (%)	9.53	8.02	8.58	0.53	-1.62
PBIT Margin (%)	3.73	3.74	4.33	-8.72	-8.28
PBT Margin (%)	2.24	1.44	3.87	-13.87	1.92
Net Profit Margin (%)	1.63	0.55	3.61	-13.33	1.02
Return on Networth / Equity (%)	5.37	1.80	7.83	-16.44	1.48
Return on Capital Employeed (%)	7.12	7.10	5.64	-5.91	-7.07
Return On Assets (%)	2.19	0.75	3.33	-6.93	0.64
Long Term Debt / Equity (X)	0.51	0.51	0.53	0.67	0.54
Total Debt / Equity (X)	0.76	0.78	0.71	0.79	0.77
Asset Turnover Ratio (%)	1.39	1.35	0.95	0.53	0.70
Current Ratio (X)	1.05	1.03	1.03	1.17	1.27
Quick Ratio (X)	0.65	0.50	0.74	0.62	0.62
Inventory Turnover Ratio (X)	5.84	7.23	5.31	1.91	2.43
Interest Coverage Ratio (X)	6.38	3.48	18.77	0.10	-0.96
Interest Coverage Ratio (Post Tax) (X)	2.09	1.24	8.90	-1.59	-5.47
Enterprise Value (Cr.)	1201.67	1195.27	726.34	587.97	614.90
EV / Net Operating Revenue (X)	1.68	1.80	1.61	2.50	2.31
EV / EBITDA (X)	17.60	22.45	18.77	471.50	-141.81
MarketCap / Net Operating Revenue (X)	1.46	1.57	1.36	1.98	1.93
Price / BV (X)	4.82	5.07	2.94	2.44	2.81
Price / Net Operating Revenue (X)	1.46	1.57	1.36	1.98	1.93
EarningsYield	0.01	0.00	0.02	-0.06	0.01

After reviewing the key financial ratios for Enkei Wheels India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Dec 23, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Dec 22) which recorded 5.00.
For Basic EPS (Rs.), as of Dec 23, the value is 6.51. This value is within the healthy range. It has increased from 2.06 (Dec 22) to 6.51, marking an increase of 4.45.
For Diluted EPS (Rs.), as of Dec 23, the value is 6.51. This value is within the healthy range. It has increased from 2.06 (Dec 22) to 6.51, marking an increase of 4.45.
For Cash EPS (Rs.), as of Dec 23, the value is 29.62. This value is within the healthy range. It has increased from 17.86 (Dec 22) to 29.62, marking an increase of 11.76.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Dec 23, the value is 120.95. It has increased from 114.27 (Dec 22) to 120.95, marking an increase of 6.68.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Dec 23, the value is 120.95. It has increased from 114.27 (Dec 22) to 120.95, marking an increase of 6.68.
For Revenue From Operations / Share (Rs.), as of Dec 23, the value is 398.43. It has increased from 369.14 (Dec 22) to 398.43, marking an increase of 29.29.
For PBDIT / Share (Rs.), as of Dec 23, the value is 38.00. This value is within the healthy range. It has increased from 29.63 (Dec 22) to 38.00, marking an increase of 8.37.
For PBIT / Share (Rs.), as of Dec 23, the value is 14.88. This value is within the healthy range. It has increased from 13.83 (Dec 22) to 14.88, marking an increase of 1.05.
For PBT / Share (Rs.), as of Dec 23, the value is 8.93. This value is within the healthy range. It has increased from 5.33 (Dec 22) to 8.93, marking an increase of 3.60.
For Net Profit / Share (Rs.), as of Dec 23, the value is 6.51. This value is within the healthy range. It has increased from 2.06 (Dec 22) to 6.51, marking an increase of 4.45.
For PBDIT Margin (%), as of Dec 23, the value is 9.53. This value is below the healthy minimum of 10. It has increased from 8.02 (Dec 22) to 9.53, marking an increase of 1.51.
For PBIT Margin (%), as of Dec 23, the value is 3.73. This value is below the healthy minimum of 10. It has decreased from 3.74 (Dec 22) to 3.73, marking a decrease of 0.01.
For PBT Margin (%), as of Dec 23, the value is 2.24. This value is below the healthy minimum of 10. It has increased from 1.44 (Dec 22) to 2.24, marking an increase of 0.80.
For Net Profit Margin (%), as of Dec 23, the value is 1.63. This value is below the healthy minimum of 5. It has increased from 0.55 (Dec 22) to 1.63, marking an increase of 1.08.
For Return on Networth / Equity (%), as of Dec 23, the value is 5.37. This value is below the healthy minimum of 15. It has increased from 1.80 (Dec 22) to 5.37, marking an increase of 3.57.
For Return on Capital Employeed (%), as of Dec 23, the value is 7.12. This value is below the healthy minimum of 10. It has increased from 7.10 (Dec 22) to 7.12, marking an increase of 0.02.
For Return On Assets (%), as of Dec 23, the value is 2.19. This value is below the healthy minimum of 5. It has increased from 0.75 (Dec 22) to 2.19, marking an increase of 1.44.
For Long Term Debt / Equity (X), as of Dec 23, the value is 0.51. This value is within the healthy range. There is no change compared to the previous period (Dec 22) which recorded 0.51.
For Total Debt / Equity (X), as of Dec 23, the value is 0.76. This value is within the healthy range. It has decreased from 0.78 (Dec 22) to 0.76, marking a decrease of 0.02.
For Asset Turnover Ratio (%), as of Dec 23, the value is 1.39. It has increased from 1.35 (Dec 22) to 1.39, marking an increase of 0.04.
For Current Ratio (X), as of Dec 23, the value is 1.05. This value is below the healthy minimum of 1.5. It has increased from 1.03 (Dec 22) to 1.05, marking an increase of 0.02.
For Quick Ratio (X), as of Dec 23, the value is 0.65. This value is below the healthy minimum of 1. It has increased from 0.50 (Dec 22) to 0.65, marking an increase of 0.15.
For Inventory Turnover Ratio (X), as of Dec 23, the value is 5.84. This value is within the healthy range. It has decreased from 7.23 (Dec 22) to 5.84, marking a decrease of 1.39.
For Interest Coverage Ratio (X), as of Dec 23, the value is 6.38. This value is within the healthy range. It has increased from 3.48 (Dec 22) to 6.38, marking an increase of 2.90.
For Interest Coverage Ratio (Post Tax) (X), as of Dec 23, the value is 2.09. This value is below the healthy minimum of 3. It has increased from 1.24 (Dec 22) to 2.09, marking an increase of 0.85.
For Enterprise Value (Cr.), as of Dec 23, the value is 1,201.67. It has increased from 1,195.27 (Dec 22) to 1,201.67, marking an increase of 6.40.
For EV / Net Operating Revenue (X), as of Dec 23, the value is 1.68. This value is within the healthy range. It has decreased from 1.80 (Dec 22) to 1.68, marking a decrease of 0.12.
For EV / EBITDA (X), as of Dec 23, the value is 17.60. This value exceeds the healthy maximum of 15. It has decreased from 22.45 (Dec 22) to 17.60, marking a decrease of 4.85.
For MarketCap / Net Operating Revenue (X), as of Dec 23, the value is 1.46. This value is within the healthy range. It has decreased from 1.57 (Dec 22) to 1.46, marking a decrease of 0.11.
For Price / BV (X), as of Dec 23, the value is 4.82. This value exceeds the healthy maximum of 3. It has decreased from 5.07 (Dec 22) to 4.82, marking a decrease of 0.25.
For Price / Net Operating Revenue (X), as of Dec 23, the value is 1.46. This value is within the healthy range. It has decreased from 1.57 (Dec 22) to 1.46, marking a decrease of 0.11.
For EarningsYield, as of Dec 23, the value is 0.01. This value is below the healthy minimum of 5. It has increased from 0.00 (Dec 22) to 0.01, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Enkei Wheels India Ltd as of April 13, 2025 is: 432.61

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 13, 2025, Enkei Wheels India Ltd is Overvalued by 17.60% compared to the current share price 525.00

Intrinsic Value of Enkei Wheels India Ltd as of April 13, 2025 is: 787.04

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 13, 2025, Enkei Wheels India Ltd is Undervalued by 49.91% compared to the current share price 525.00

Last 5 Year EPS CAGR: 81.93%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 27.33, which is a positive sign. The company has shown consistent growth in sales (467.58 cr) and profit (4.75 cr) over the years.	The stock has a low average ROCE of 5.33%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 39.08, which may not be favorable. The company has higher borrowings (131.17) compared to reserves (122.08), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Enkei Wheels India Ltd:
1. Net Profit Margin: 1.63%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 7.12% (Industry Average ROCE: 11.62%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 5.37% (Industry Average ROE: 8.74%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.09
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.65
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 355 (Industry average Stock P/E: 127.77)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.76
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Enkei Wheels (India) Ltd. is a Public Limited Listed company incorporated on 30/03/2009 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L34300PN2009PLC133702 and registration number is 133702. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company's Total Operating Revenue is Rs. 844.46 Cr. and Equity Capital is Rs. 8.99 Cr. for the Year ended 31/12/2024.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Dr. Trans & Steer - Wheels	Gat No. 1425, Village Shikrapur, Pune District Maharashtra 412208	secretarial@enkei.in http://www.enkei.in

Management
Name	Position Held
Mr. Kenjiro Hama	Managing Director
Mr. Junichi Suzuki	Non Executive Director
Mr. Shailendrajit Rai	Non Executive Director
Ms. Smita Subhash Patti	Ind. Non-Executive Director
Dr. Haresh Shah	Ind. Non-Executive Director
Mr. Satyavara Prasad Garimella	Ind. Non-Executive Director
Mr. Makoto Miura	Alternate Director

FAQ

What is the intrinsic value of Enkei Wheels India Ltd?

Enkei Wheels India Ltd's intrinsic value (as of 13 April 2025) is ₹432.61 — 17.60% lower the current market price of 525.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 944 Cr. market cap, FY2025-2026 high/low of ₹760/488, reserves of 226 Cr, and liabilities of 564 Cr.

What is the Market Cap of Enkei Wheels India Ltd?

The Market Cap of Enkei Wheels India Ltd is 944 Cr..

What is the current Stock Price of Enkei Wheels India Ltd as on 13 April 2025?

The current stock price of Enkei Wheels India Ltd as on 13 April 2025 is 525.

What is the High / Low of Enkei Wheels India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Enkei Wheels India Ltd stocks is ₹760/488.

What is the Stock P/E of Enkei Wheels India Ltd?

The Stock P/E of Enkei Wheels India Ltd is 355.

What is the Book Value of Enkei Wheels India Ltd?

The Book Value of Enkei Wheels India Ltd is 131.

What is the Dividend Yield of Enkei Wheels India Ltd?

The Dividend Yield of Enkei Wheels India Ltd is 0.00 %.

What is the ROCE of Enkei Wheels India Ltd?

The ROCE of Enkei Wheels India Ltd is 3.86 %.

What is the ROE of Enkei Wheels India Ltd?

The ROE of Enkei Wheels India Ltd is 1.14 %.

What is the Face Value of Enkei Wheels India Ltd?

The Face Value of Enkei Wheels India Ltd is 5.00.