Enkei Wheels India Ltd
ENKEIWHELEnkei Wheels India Ltd's earnings have outrun its stock. EPS grew +92.6% in a year against a −16.9% price move.
The sharpest disagreement: annual EPS moved +92.6% against a −16.9% price move — the market has not yet caught up with the delivery.
The price is in a downtrend (82 weeks in) while the P/E sits at the 1st percentile of its own 11-year range. Underneath, the last four quarters read improving, and 655% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Enkei Wheels India Ltd trades at ₹405, in a downtrend and 82 weeks into that stage. That is −4.0% against its own 200-day average. It sits at 23% of a 52-week range of ₹364 to ₹543. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (19 weeks and counting).
Today the stock is in a downtrend — week 82 of stage 4, confirmed. At ₹405 it trades −4.0% versus its 200-day average and sits at 23% of its 52-week range (₹364–₹543).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +172% while the NIFTY 500 moved +267% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (19 weeks and counting; last ahead the week of 2026-01-16) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Enkei Wheels India Ltd trades at 28.1× P/E, about the cheapest it has ever traded. Its long-run median P/E is 84.8×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 28.1× is about the cheapest it has ever traded, against a long-run median of 84.8× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +92.6% against a −16.9% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +2.1%/yr price move, ~+52.2%/yr came from earnings growth and ~−50.1 pp from the multiple (compressing); over 10y, of the +8.4%/yr price move, ~+11.7%/yr came from earnings growth and ~−3.3 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Enkei Wheels India Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +15.2% | +13.6% | +32.8% | +9.7% |
| Profit | +66.7% | +7.7% | — | +9.6% |
| EPS | +92.6% | +11.4% | — | +5.3% |
| Share price | −16.9% | −12.6% | +2.1% | +8.4% |
4-Factor Sector Score
48.5/100 — rank 3 of 3 in Auto Ancillaries - Wheels · 65% evidence confidence
Enkei Wheels India Ltd scores 48.5 out of 100 against the 3 companies it is compared with in Auto Ancillaries - Wheels, ranking 3. Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.6% and the one-year return is -15.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
The four contributions add to the total exactly: 27.2 + 4.8 + 13.5 + 3 = 48.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Enkei Wheels India Ltd reported ₹319 Cr of revenue in the Jun 26 quarter, +36.9% year on year. That is the 6th straight quarter of year-on-year growth. Over 9 years it has compounded at 10.8% a year. The last full year, FY25, came in at ₹972 Cr. The last four reported quarters add to ₹1,128 Cr.
FY25 revenue came in at ₹972 Cr (+15.2% on the year), capping 9 years at 10.8% compound. The latest quarter (Jun 26) printed ₹319 Cr, +36.9% year on year — the 6th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +26.1% growth against the decade's 10.8% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +26.0% over the last 4 quarters against +17.4%/yr over the last 8 — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Enkei Wheels India Ltd's operating margin is 11.0% in the Jun 26 quarter, +4.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −1.3% to 10.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 11.0%, +4.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged −1.3%–10.0%.
Why the margin moved: operating margin went +3.5 pp year on year while gross margin went −7.7 pp — the gain came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Enkei Wheels India Ltd earned ₹10.0 Cr of net profit in the Jun 26 quarter. Full-year FY25 profit was ₹5.0 Cr. That is 3.1% of the quarter's revenue. The same quarter a year earlier lost ₹2.0 Cr. 5 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹10.0 Cr, null year on year. On the full year, FY25 printed ₹5.0 Cr (+66.7%).
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 655% of Enkei Wheels India Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY25 that was ₹44.0 Cr of operating cash against ₹5.0 Cr of profit. After ₹25.0 Cr of capital spending, ₹19.0 Cr was left as free cash.
FY25: operating cash of ₹44.0 Cr against reported profit of ₹5.0 Cr, leaving free cash of ₹19.0 Cr after ₹25.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 655% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 655%: the cash cycle tightened 59 days between FY20 and FY25 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Enkei Wheels India Ltd's cash conversion cycle runs 54 days in FY25, down from 113 days in FY20. Capital spending ran ₹144 Cr over the last 3 years. At FY25 sales of ₹972 Cr each day of that cycle holds about ₹2.7 Cr, so roughly ₹144 Cr sits inside the business at any moment.
FY25: debtors at 46 days, inventory at 72 days — roughly 2.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 54 days, tighter than FY20's 113.
The full loop: cash goes out to suppliers and production on day 0; stock waits 72 days to sell; customers pay about 46 days after that; and suppliers themselves are paid at 64 days — netting out to the 54-day cycle.
In money terms: at FY25 sales of ₹972 Cr, each day of the cycle holds about ₹2.7 Cr — so the 54-day loop keeps roughly ₹144 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹144 Cr over the last 3 fiscal years against ₹151 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹1.0 Cr (FY25) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Enkei Wheels India Ltd earns a ROCE of 8% in FY25. That is up from a trough of −9% in FY19. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 0.5% net margin on 1.61× asset turns.
FY25 ROCE is 8%, recovered from a FY19 trough of −9% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY25): 0.5% net margin × 1.61× asset turns × 2.52× balance-sheet leverage ≈ 2.0% on equity. Margin does its share; leverage is a meaningful part of the equation.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Enkei Wheels India Ltd carries ₹210 Cr of borrowings against ₹240 Cr of equity in FY25, a debt-to-equity of 0.88. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹184 Cr to ₹210 Cr. Capital spending ran ₹144 Cr across the last 3 of those years.
FY25: borrowings of ₹210 Cr against equity of ₹240 Cr — a debt-to-equity of 0.88. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹184 Cr to ₹210 Cr while capital spending ran ₹144 Cr in just the last 3 — part of the build-out is riding on borrowed money.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Enkei Wheels India Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved +0.0 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: +0.0 points over 8 quarters to 75.0%; Foreign institutions: +0.0 points over 8 quarters to 0.0%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Enkei Wheels India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Wheels India LtdWHEELS | 70.4/100Favorable setup79% evidence | TURNING | 29.4/35 Revenue 17.5% · PAT 40.3% · OPM change 1 pp 95% evidence | 16.4/25 ROCE 18.8% · OPM 8% 76% evidence | 10.6/20 P/E 33.3× · PEG — 35% evidence | 14.0/20 RS sector 18.5% · RS bench 97% · 1Y 204.6%8 of 12 weeks ahead 100% evidence |
| Exact sum: 29.4 + 16.4 + 10.6 + 14 = 70.4 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Steel Strips Wheels LtdSSWL | 56.0/100Mixed-positive evidence97% evidence | LEADER | 19.9/35 Revenue 19.9% · PAT 5.5% · OPM change 1 pp 100% evidence | 11.4/25 ROCE 14.8% · OPM 11% 100% evidence | 12.5/20 P/E 27.4× · PEG 0.41 85% evidence | 12.2/20 RS sector -3.6% · RS bench 64.5% · 1Y 64.7%12 of 12 weeks ahead 100% evidence |
| Exact sum: 19.9 + 11.4 + 12.5 + 12.2 = 56 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Enkei Wheels India Ltdthis pageENKEIWHEL | 48.5/100Mixed-negative evidence65% evidence | 27.2/35 Revenue 26% · PAT 100% · OPM change 4 pp 71% evidence | 4.8/25 ROCE 7.7% · OPM 11% 76% evidence | 13.5/20 P/E 28.1× · PEG — 35% evidence | 3.0/20 RS sector -11.6% · RS bench -6.2% · 1Y -15.5%0 of 12 weeks ahead 70% evidence | |
| Exact sum: 27.2 + 4.8 + 13.5 + 3 = 48.5 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.6% and the one-year return is -15.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Enkei Wheels India Ltd's share price today?
Enkei Wheels India Ltd trades at ₹405, −16.9% over the past year. The company is valued at ₹717 Cr. The stock sits at 23% of its 52-week range of ₹364–₹543, −4.0% versus its 200-day average. On the tape, the price is in a downtrend, 82 weeks in. — as of 11 September 2026.
What were Enkei Wheels India Ltd's latest quarterly results?
Enkei Wheels India Ltd reported revenue of ₹319 Cr and net profit of ₹10.0 Cr for the Jun 26 quarter. Earnings per share were ₹5.70. The operating margin was 11.0%, 4.0 pp higher than a year earlier. — as of 11 September 2026.
What is Enkei Wheels India Ltd's revenue?
Enkei Wheels India Ltd reported revenue of ₹319 Cr in the Jun 26 quarter, +36.9% year on year. For the full FY25 fiscal year, revenue was ₹972 Cr (+15.2%). Over the last 9 years revenue compounded at 10.8% a year. — as of 11 September 2026.
What is Enkei Wheels India Ltd's profit?
Enkei Wheels India Ltd earned ₹10.0 Cr of net profit in the Jun 26 quarter. Full-year FY25 profit was ₹5.0 Cr. The operating margin ran 11.0% in the latest quarter. — as of 11 September 2026.
What is Enkei Wheels India Ltd's market cap?
Enkei Wheels India Ltd's market capitalisation is ₹717 Cr at a share price of ₹405. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Enkei Wheels India Ltd's P/E ratio?
Enkei Wheels India Ltd trades at a P/E of 28.1×, at the 1st percentile of its own 11-year range, against a long-run median of 84.8×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Enkei Wheels India Ltd pay a dividend?
No — Enkei Wheels India Ltd has recorded a dividend payout of 0% of profit in each of its last 12 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.
Is Enkei Wheels India Ltd overvalued?
On its own history, Enkei Wheels India Ltd looks cheap: its P/E of 28.1× has been cheaper only 1% of the time in 11 years (long-run median 84.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
How is Enkei Wheels India Ltd performing?
Enkei Wheels India Ltd is in a downtrend, 82 weeks in. Against the NIFTY 500 it has been behind on a trailing-13-week view for 19 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
Is Enkei Wheels India Ltd in an uptrend?
No — the price is in a downtrend (week 82 of stage 4), trading −4.0% versus its 200-day average and at 23% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Enkei Wheels India Ltd beating the market?
Not lately — on a trailing-13-week view Enkei Wheels India Ltd is currently behind the NIFTY 500 (19 weeks and counting; last ahead the week of 2026-01-16), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +172% against the NIFTY 500's +267% — behind the index over the full window. — as of 11 September 2026.
Will Enkei Wheels India Ltd's share price go up?
This page publishes no price forecast for Enkei Wheels India Ltd. What it measures instead: the share price is ₹405, the price is in a downtrend 82 weeks in. Its P/E of 28.1× sits at the 1st percentile of its own 11-year range. — as of 11 September 2026.
Who owns Enkei Wheels India Ltd?
Promoters hold 75.0% of Enkei Wheels India Ltd, foreign institutions 0.0%, domestic institutions null% and the public 25.0% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.
Does Enkei Wheels India Ltd have too much debt?
It is moderate — Enkei Wheels India Ltd's debt-to-equity is 0.88, and operating profit covers the interest bill 4×. FY25 borrowings were ₹210 Cr against equity of ₹240 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is Enkei Wheels India Ltd's capex?
Enkei Wheels India Ltd spent ₹144 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹25.0 Cr, with ₹1.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Enkei Wheels India Ltd's cash flow?
Enkei Wheels India Ltd generated ₹44.0 Cr of operating cash flow in FY25 and ₹19.0 Cr of free cash flow after ₹25.0 Cr of capital spending. Reported profit that year was ₹5.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Enkei Wheels India Ltd's profit real cash?
Yes — over the last 3 fiscal years, 655% of Enkei Wheels India Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹44.0 Cr against reported profit of ₹5.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Enkei Wheels India Ltd in its business cycle?
Enkei Wheels India Ltd's FY25 operating margin was 9.0%, against a 12-year band of −1.3%–10.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What could break the Enkei Wheels India Ltd story?
The sharpest disagreement: annual EPS moved +92.6% against a −16.9% price move — the market has not yet caught up with the delivery. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Enkei Wheels India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Enkei Wheels India Ltd's earnings have outrun its stock. EPS grew +92.6% in a year against a −16.9% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!