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Last Updated: April 2, 2026, 4:33 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533477 | NSE: ENKEIWHEL

Enkei Wheels India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹291.65Overvalued by 20.96%vs CMP ₹369.00

P/E (95.4) × ROE (3.0%) × BV (₹127.00) × DY (2.00%)

₹210.35Overvalued by 42.99%vs CMP ₹369.00
MoS: -75.4% (Negative)Confidence: 45/100 (Moderate)Models: 2 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹179.9333%Over (-51.2%)
Graham NumberEarnings₹65.0324%Over (-82.4%)
Net Asset ValueAssets₹126.9011%Over (-65.6%)
EV/EBITDAEnterprise₹615.5613%Under (+66.8%)
Earnings YieldEarnings₹14.8011%Over (-96%)
Revenue MultipleRevenue₹469.748%Under (+27.3%)
Consensus (6 models)₹210.35100%Overvalued
Key Drivers: EPS CAGR -38.3% drags value — could be higher if earnings stabilize. | ROE 3.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -38.3%

*Investments are subject to market risks

Investment Snapshot

52
Enkei Wheels India Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health41/100 · Moderate
ROCE 7.3% WeakROE 3.0% WeakD/E 0.79 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 75.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +15% YoY GrowingProfit (4Q): +94% YoY StrongOPM: 10.0% (up 6.0% YoY) Margin expansion
Industry Rank30/100 · Weak
P/E 95.4 vs industry 42.7 Premium to peersROCE 7.3% vs industry 13.5% Below peersROE 3.0% vs industry 10.0% Below peers3Y sales CAGR: 23% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:33 am

Market Cap 663 Cr.
Current Price 369
Intrinsic Value₹210.35
High / Low 568/357
Stock P/E95.4
Book Value 127
Dividend Yield0.00 %
ROCE7.34 %
ROE2.95 %
Face Value 5.00
PEG Ratio-2.49

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

View Share Price Target for Enkei Wheels India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Enkei Wheels India Ltd 663 Cr. 369 568/35795.4 1270.00 %7.34 %2.95 % 5.00
Wheels India Ltd 2,413 Cr. 988 1,109/57117.8 3941.17 %16.4 %12.6 % 10.0
Steel Strips Wheels Ltd 2,953 Cr. 188 280/16914.8 1040.67 %16.8 %14.5 % 1.00
Industry Average2,009.67 Cr515.0042.67208.330.61%13.51%10.02%5.33

All Competitor Stocks of Enkei Wheels India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 148.72132.43176.69206.76200.25221.61189.03238.62195.20227.98233.16265.11245.38
Expenses 153.47129.61162.93182.46179.26198.84180.86216.15187.35216.81216.31235.12220.83
Operating Profit -4.752.8213.7624.3020.9922.778.1722.477.8511.1716.8529.9924.55
OPM % -3.19%2.13%7.79%11.75%10.48%10.27%4.32%9.42%4.02%4.90%7.23%11.31%10.00%
Other Income 0.092.019.26-0.17-4.826.535.63-11.675.370.142.080.350.45
Interest 1.752.082.762.862.852.783.434.063.755.086.145.034.87
Depreciation 8.219.307.9311.9312.3912.3812.5712.7713.1613.4414.5114.9214.87
Profit before tax -14.62-6.5512.339.340.9314.14-2.20-6.03-3.69-7.21-1.7210.395.26
Tax % -3.35%-32.82%34.79%36.40%-127.96%37.34%-159.55%-24.38%-19.78%-26.49%0.00%23.58%20.15%
Net Profit -14.12-4.408.045.952.118.871.31-4.56-2.97-5.30-1.717.944.21
EPS in Rs -7.86-2.454.473.311.174.930.73-2.54-1.65-2.95-0.954.422.34

Last Updated: March 3, 2026, 10:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 3:47 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019n n 9mDec 2020Dec 2021Dec 2022Dec 2023Dec 2024TTM
Sales 320384385407465474267235451663716844921
Expenses 299346346373423450270235413617655783856
Operating Profit 213840344225-403846616266
OPM % 7%10%10%8%9%5%-1%0%8%7%9%7%7%
Other Income 60-12061532128868
Interest 985555513316111520
Depreciation 18282622232118221928425156
Profit before tax 12-3719145-331710162-2
Tax % 20%-21%91%63%44%7%47%-4%7%61%27%-19%
Net Profit 12-5311133-31164123-2
EPS in Rs 0.421.70-3.871.846.997.851.60-17.459.062.066.511.48-1.13
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-2020
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:9%
Compounded Profit Growth
10 Years:10%
5 Years:16%
3 Years:-47%
TTM:-180%
Stock Price CAGR
10 Years:10%
5 Years:11%
3 Years:2%
1 Year:-29%
Return on Equity
10 Years:0%
5 Years:0%
3 Years:3%
Last Year:1%

Last Updated: September 5, 2025, 3:26 pm

Balance Sheet

Last Updated: March 3, 2026, 12:56 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Jun 2025
Equity Capital 777889999999
Reserves 12-53673121175182199212224226219
Borrowings 8879697386152184187162167206250
Other Liabilities 177158123121115877894110134122157
Total Liabilities 283239236275330423452488494534564634
Fixed Assets 164131129127126140122110231344314341
CWIP 0002551011892181002433
Investments 000000033433
Other Assets 119108107147148182142158159183204288
Total Assets 283239236275330423452488494534564634

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity + 26131725396162849592844
Cash from Investing Activity + -11-6-20-44-71-89-64-37-42-56-63-34
Cash from Financing Activity + -34-8320421043712-33230-15
Net Cash Flow -18-1-021121-113-264-5-5
Free Cash Flow 157-4-19-36-70-49-762-3616
CFO/OP 70%33%70%88%180%-213%3,834%68%118%102%48%49%

Free Cash Flow

MonthDec 2019n n 9mDec 2020Dec 2021Dec 2022Dec 2023Dec 2024Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Free Cash Flow-4.00-184.00-149.00-116.00-106.00-144.0021.00-50.00-39.00-35.00-31.00-61.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Debtor Days 635461585634294457314340
Inventory Days 21313322337218316856675657
Days Payable 1061131026155568710051587449
Cash Conversion Cycle -21-28-819344912611362402649
Working Capital Days -10-61430224-17-18-23-3-23
ROCE %3%8%15%12%14%3%-9%-6%6%7%7%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public 25.04%25.02%25.02%25.02%25.01%25.02%25.01%25.02%25.01%25.01%25.01%25.01%
No. of Shareholders 3,6903,7333,7663,7103,9114,5264,1614,0283,9513,9193,8773,833

Shareholding Pattern Chart

No. of Shareholders

Enkei Wheels India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthDec 24Dec 23Dec 22Dec 21Dec 20
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 1.486.512.069.06-17.96
Diluted EPS (Rs.) 1.486.512.069.06-17.96
Cash EPS (Rs.) 29.7829.6217.8619.71-5.34
Book Value[Excl.RevalReserv]/Share (Rs.) 122.17120.95114.27115.51106.09
Book Value[Incl.RevalReserv]/Share (Rs.) 122.17120.95114.27115.51106.09
Revenue From Operations / Share (Rs.) 469.82398.43369.14250.65130.86
PBDIT / Share (Rs.) 37.3438.0029.6321.520.69
PBIT / Share (Rs.) 9.0414.8813.8310.87-11.42
PBT / Share (Rs.) 1.248.935.339.72-18.15
Net Profit / Share (Rs.) 1.486.512.069.06-17.45
PBDIT Margin (%) 7.949.538.028.580.53
PBIT Margin (%) 1.923.733.744.33-8.72
PBT Margin (%) 0.262.241.443.87-13.87
Net Profit Margin (%) 0.311.630.553.61-13.33
Return on Networth / Equity (%) 1.205.371.807.83-16.44
Return on Capital Employeed (%) 4.217.127.105.64-5.91
Return On Assets (%) 0.472.190.753.33-6.93
Long Term Debt / Equity (X) 0.550.510.510.530.67
Total Debt / Equity (X) 0.930.760.780.710.79
Asset Turnover Ratio (%) 1.541.391.350.950.53
Current Ratio (X) 1.071.051.031.031.17
Quick Ratio (X) 0.620.650.500.740.62
Inventory Turnover Ratio (X) 11.8610.447.235.311.91
Interest Coverage Ratio (X) 4.796.383.4818.770.10
Interest Coverage Ratio (Post Tax) (X) 1.192.091.248.90-1.59
Enterprise Value (Cr.) 1413.261201.671195.27726.34587.97
EV / Net Operating Revenue (X) 1.671.681.801.612.50
EV / EBITDA (X) 21.0617.6022.4518.77471.50
MarketCap / Net Operating Revenue (X) 1.441.461.571.361.98
Price / BV (X) 5.534.825.072.942.44
Price / Net Operating Revenue (X) 1.441.461.571.361.98
EarningsYield 0.000.010.000.02-0.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 971.63 Cr. and Equity Capital is Rs. 8.99 Cr. for the Year ended 31/12/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Dr. Trans & Steer - WheelsGat No. 1425, Village Shikrapur, Pune District Maharashtra 412208Contact not found
Management
NamePosition Held
Mr. Kenjiro HamaManaging Director
Mr. Junichi SuzukiNon Executive Director
Mr. Shailendrajit RaiNon Executive Director
Mr. Ratanlal GoelInd.& Non Exe.Director
Mr. Satchidanand RanadeInd.& Non Exe.Director
Ms. Kavita Sethi JainInd.& Non Exe.Director
Mr. Makoto MiuraAlternate Director

FAQ

What is the intrinsic value of Enkei Wheels India Ltd and is it undervalued?

As of 14 April 2026, Enkei Wheels India Ltd's intrinsic value is ₹210.35, which is 42.99% lower than the current market price of ₹369.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.95 %), book value (₹127), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Enkei Wheels India Ltd?

Enkei Wheels India Ltd is trading at ₹369.00 as of 14 April 2026, with a FY2026-2027 high of ₹568 and low of ₹357. The stock is currently near its 52-week low. Market cap stands at ₹663 Cr..

How does Enkei Wheels India Ltd's P/E ratio compare to its industry?

Enkei Wheels India Ltd has a P/E ratio of 95.4, which is above the industry average of 42.67. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Enkei Wheels India Ltd financially healthy?

Key indicators for Enkei Wheels India Ltd: ROCE of 7.34 % is on the lower side compared to the industry average of 13.51%; ROE of 2.95 % is below ideal levels (industry average: 10.02%). Dividend yield is 0.00 %.

Is Enkei Wheels India Ltd profitable and how is the profit trend?

Enkei Wheels India Ltd reported a net profit of ₹3 Cr in Dec 2024 on revenue of ₹844 Cr. Compared to ₹16 Cr in Dec 2021, the net profit shows a declining trend.

Does Enkei Wheels India Ltd pay dividends?

Enkei Wheels India Ltd has a dividend yield of 0.00 % at the current price of ₹369.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Enkei Wheels India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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